Apple Car Is back in the news, Rumors suggest New Partners

Apple Rumors swing Around Lucid Motors and the reason behind CCIV’s Stock Is the Next Tesla?

LG Magna e-Powertrain – the joint venture between Magna International and LG is now in infancy, but after necessary approvals, it should be final by mid-summer 2021, at least. LG’s Display division builds monitors for Apple, so these two are already partners.

Some news has come from Korea Times. This source informs that Apple is close to signing deals with the Canadian giant Magna International to supply parts for Apple’s EV, and LG – the Korean tech company to supply car batteries. Apple itself will supply software.

Earlier this year, Apple was in talks with Hyundai-Kia, but those talks fell apart. There were rumors about talks with Nissan – also refuted. Moreover, Apple hired a number of ex-Tesla executives to realize the ambition of making the autonomous vehicle of its own.

The News Highlights

  • Apple Car Is back in the news, Rumors suggest New Partners
  • Check the latest Rumors updates and news.
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