Partner

LG Could Help Apple Build Its Car Without A Major Carmaker Partner

A new report suggests Apple could be close to finalizing a production partnership for its rumored car with the LG Magna e-Powertrain joint venture.

Apple is reportedly very close to a deal with LG Magna e-Powertrain to build its long-rumored car. The joint venture between LG and automotive supplier Magna International was agreed at the end of last year. A deal with it would allow Apple to build a car without the need for a partnership with a major carmaker, which would have both pros and cons.

Although Tim Cook recently stopped short of confirming work on an Apple car, instead discussing the potential for its work on autonomous driving systems, there’s little doubt that a car of some sort in Apple’s sights. Whether that’s a production car for consumers, a robotaxi, or some other form of autonomous transporter remains to be seen. Indeed, it’s previously been suggested that

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Apple Partner Foxconn to Form EV Partnership With Fisker

(Bloomberg) — Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.

Fisker is looking to break new ground with its second planned model. The startup plans to make a vehicle that doesn’t fit into an existing segment, like a sedan or SUV. Its partnership with Foxconn, a Taiwanese smartphone maker which is new to the auto business, is pinned on hopes that the collaboration will bring innovative manufacturing.

“The auto industry is very stale,” company founder

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