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Bloomberg, citing a local Korean analyst at KB Securities, reported that LG, the world’s second-largest electric car battery maker, may supply parts for Apple cars. Kim Dong Won advises LG Group.Complete lineup of EV components,” is a potential Apple Car partner and may even have formed a task force to best position itself to become Apple’s chief auto parts supplier.
The task force includes representatives from LG Energy Solution, a business that makes batteries for Tesla and other electric vehicles, as well as LG Innotek, which supplies the Tesla Vision self-driving camera kit, and LG Electronics, an electric vehicle component company. and possibly LG Display, the maker of the column-to-column dual-stack Mercedes hyper display.
It’s an impressive list of components that LG could supply to the Apple Car, and it’s not the first time we’ve heard from the same LG expert that it’s well positioned in the Apple Car supply chain. But this time, he’s making the comments to confirm Naver’s report yesterday about the formation of a LG task force aimed at winning Apple’s car business.
Apparently, Apple offered to cooperate with LG because of its extensive experience working with Koreans as a supplier of components for iPhone and other devices. New EV subsidy requirements in the Anti-Inflation Act require Chinese companies to be cut out of the supply chain, leaving Apple with no choice but to turn to LG or its arch-rival Samsung.
When asked for comment, LG denied the rumours, saying the task force questioned about its existence might actually be a general EV task force it set up to try to become a major player in the hot industry. In addition to collaborating on the ability of various subsidiaries to develop electric car components, the project also involves retooling LG’s old Android mobile phone factory with an electric car charging system, and LG plans to distribute it to shopping malls and supermarkets.
Apple is rumored to be scouting multiple partners for assembly of its upcoming $100,000 titanium electric car, including Hyundai, Kia, EV Platform, and Foxconn. Apple’s Project Titan may finally come to fruition as Apple’s car team completes a restructuring and reports that Apple’s ambitions in the self-driving space have been significantly reduced, and the Cupertino dream team is now aiming to launch the Apple Car in 2026. .
“Apple plans to start selling new cars in 2026, but it must start building its electric car supply chain next year.,” the Korean analyst confirms, while Naver sources believe that LG’s EV task force will make a decision on whether or not to supply Apple with parts for the electric appliance in early 2023.
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Obsessed with technology since the days of industrial espionage Apple computers and pixelated Nintendos, Daniel went and opened a gaming club when personal computers and consoles were still expensive rarities. The appeal these days isn’t specs or speed, but the computers in our pockets, homes, and cars that shape our lifestyles, limitless transactions, and threats to privacy, to verifying every process of our existence.
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