the Apple Car has gotten lowkey lately, but the project is still in progress. According to the latest information from the Korea Times, Apple will sign a major contract with LG Magna e-Powertrain, a joint venture between LG and Magna, an automotive equipment company.
Apple would also be the main customer of this new joint venture, but Apple Car would indeed be a project specific to the Cupertino company. It was rumored that Apple would be teaming up with an automaker in a partnership, but it now seems more plausible that the American company will develop its own full-fledged vehicle. Apple’s partners would thus play only a role in the Apple Car supply chain, like Foxconn for the iPhone.
LG and Magna could supply several parts to Apple, including batteries and motors. Details of the deal between the various companies are still being negotiated, but a deal is expected to be near.
Rumor has it that Apple could unveil its first electric vehicle as early as 2024 if all goes well. The Cupertino company has been working on Project Titan for many, many years now – the code name for the electric car project. There was talk of a partnership with Kia and Huyndai for a while, but the latter ultimately fell through. Tim Cook recently raised the possibility of an Apple Car in an interview.