Apple Car Project Will Probably Go To LG And Magna: Report (jalopnik.com)

[GoGoGadgetMachE]

Apple Car Project Will Probably Go To LG And Magna: Report (jalopnik.com)

Wow, it’s been a hot minute since there was new Apple Car news, huh? Ever since the will-they/won’t-they saga between the tech giant and Hyundai fizzled into the troposphere, things have been astonishingly quiet. Too quiet. Apple needed another willing partner, or partners, to get things moving again. It appears it’s found them in Magna and LG.

Magna and LG’s joint electric powertrain business is reportedly close to inking an agreement with Apple to collaborate on the company’s long-rumored semi-autonomous EV, according to the Korea Times:

“LG Magna e-Powertrain is very near to signing contracts with Apple under which they could handle the initial volume production of Apple EVs. Contract details are still being discussed,” a source familiar with the issue told The Korea Times, Tuesday.
The production volume the joint venture could handle won’t be that huge as Apple is mostly intending to use its first-generation EVs as an opportunity to evaluate their marketability, according to the source. “Because LG Group affiliates including LG Display, LG Chem, LG Energy Solution and LG Innotek are already included in Apple’s parts supply chain, Apple doesn’t have to worry about any supply chain issues. These LG affiliate are qualified to guarantee production yields and faster delivery of parts needed for Apple EVs.”

There are a couple of reasons why this potential deal seems more likely to work out than Apple’s previous flirtation with Hyundai. Magna is a contract manufacturer by trade, of course, and LG is one of Apple’s existing suppliers. LG produces monitors sold via Apple’s retail channels and recently got out of the smartphone game, too. While they’re both tech companies, they’re not necessarily opposing each other in many product categories these days.

(as usual, rest at source)

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[malba2366]

Looks like they will be using REE technology which puts the motor inside the wheel...could be pretty cool.

https://www.bloomberg.com/news/arti...lar-electric-vehicle-with-israeli-startup-ree