Home / Technology / Apple’s car manufacturing deal involves LG and Magna: report

Apple’s car manufacturing deal involves LG and Magna: report

If the annual rumors about each of the new iPhones aren’t enough to get your blood pumping, the whispers and gossip around the rumored Apple Car should be enough to support you. Latest news comes from Korea TimeApple is reportedly “very close” to sign deals with South Korean tech giant LG and Canadian auto parts supplier Magna as a manufacturing partner for the upcoming Apple-branded electric cars.

The last time there was a rumor of a potential candidate for Apple in a decade-long quest to build a car, Hyundai was said to be a major opportunity. But after a series of conflicting reports, the automaker finally released an official statement in February, denying any involvement or plans to help Apple Car, and despite the lack of traditional carmakers during this time. But the report is weighty considering LG and Magna announced a joint EV production partnership in December 2020 under the name “LG Magna e-Powertrain”


“LG Magna e-Powertrain is close to signing a contract with Apple, where they can manage initial volume production of Apple EVs. Contract details are still under discussion,” an anonymous source told Korea Times

The move makes sense given that Apple has a longstanding relationship with LG, which has provided LCD screens and other components for the company’s former smartphone line, similarly, in a similar partnership with Magna, the renowned contract maker. In the automotive business, it is a logical move compared to working with a company like Hyundai who is unfamiliar with building cars for an outside partner.The company’s Austrian production operator, Magna Steyr, has extensive experience with vehicles. Already electric, the Jaguar I-Pace is currently produced, just like the current Toyota Supra.

“As the LG brand is not that strong in the global EV industry, a very competitive reference is needed to demonstrate the transformation effort. From that perspective, LG’s bet on the Apple EV is not. Too bad and vice versa for Apple, ”another source told the outlet.

The report also claims that we will get our first look at the Apple Car in 2024.As with any rumors, it is important to use this grain of salt. Hard evidence will remain on the ground after all. However, these reports are of relatively unreliable quality to them, suggesting that we may come closer to the truth about Apple’s mysterious EV program after all this thought. But as far back as 2016, the automotive world has been wildly popular as new details of the project have been leaked over the past six months. As always, time will tell

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