apple: Apple may sign deal with LG and Magna for Apple car, claims report – Times of India
Tech giant Apple may enter into a partnership with LG and Magna for its much awaited Apple car and that may happen this year itself, claims a report by The Korea Times. The joint venture of the companies is reportedly named “LG Magna e-Powertrain”.
The partnership between the tech firms is expected to be inked by the end of this year, with Apple being the primary client. The LG and Magna automotive venture would supposedly produce the first models of the Apple car after the deal is finalised. The Apple car is rumoured to be rolled out by 2025 at the earliest.
This is a wholly different claim in recent times regarding Apple’s plans for its electric car. Earlier, it was rumoured that the Cupertino-based tech giant was in talks with Kia and Hyundai for collaboration, which the auto companies denied in February. Both are big brands in the auto world and would not have suffered any hegemonic ideas of Apple. A partnership with LG and Magna looks more amenable as the companies could act as links in the car supply chain, giving more freedom and reign to Apple.
However, nothing has been confirmed yet by any of the above mentioned companies on the reported deal. No one knows for sure how much time Apple wants to take before introducing a product like the Apple car as the tech giant has been reportedly working on self driving technology since 2015 under the codename of Project Titan. Before jumping to any predictions, the best recourse right now is to wait until an official announcement gets made.