It is now an open secret: Apple has still not managed to sign a definitive agreement with this or that manufacturer to manufacture its supposedconnected car. According to theKorea TimesHowever, an English-speaking reference publishing in South Korea since 1950, a contract is currently being negotiated with LG and Magna. The latter, based in Canada,had already been mentioned byBloomberg, another source followed by investors.
The Asian firm, for its part,would already work with Cupertino as part of its screen needs linked to the release of the future iPhone 13 Pro, whose name of course remains to be confirmed. If its shares on the Seoul Stock Exchange have not changed significantly since this announcement, this is not the case for the title.MGA. Indeed, its value has just recorded significant growth of nearly six points on Wall Street.
More than just components
Obviously, Apple, as usual, did not want to validate this rumor or not. However, still according to the same source, LG and Magna are joining forces here to develop aelectric powertraincomplete dedicated to the fruity vehicle. Like Foxconn, it would then be an industrial assembly line. Few additional details have leaked regarding its organization, but we can bet that the principles established by Ford will be there.
The joint venture of the two equipment manufacturers has even already found its name:e-Powertrain. Information to obviously be considered with caution, since some are even close to the goal –like Nissan– would ultimately have failed to convince Tim Cook’s teams. This time, however, the deal would simply be on the verge of being concluded.
Limited production
Despite everything, it would not be a question here of immediately moving up a gear. Because this hypothetical collaboration would be confined to a firstexperimentation, to test the market. This is where opinions risk diverging, since Apple is rather appreciated by shareholders for its ultra-profitable democratization strategies.
Finally, clarification that the first prototype is expected by2024. A little late compared to the 100,000 deliverables predicted upstream by Harsh Kumar, analyst at Piper Sandler.
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By : Keleops AG
