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Analyst: LG would be a good ‘Apple Car’ partner

Friday December 23, 2022. 04:13 PM , from Mac Daily News
South Korea’s LG Group would make a good partner for Apple as it works to make an electric smart car of its own, an analyst at KB Securities Co. wrote in a note Friday.

Heejin Kim for Bloomberg News:

“Apple should start shaping its own supply chain for EVs next year if it plans to sell a new car in 2026,” Kim Dong-Won wrote, with reference to a Bloomberg story earlier this month that said Apple has scaled back its ambitious self-driving plans and postponed the car’s target launch date by about a year, according to people with knowledge of the matter.
There’s the possibility for a “partnership with LG Group, which has a full line-up for EV components,” Kim said.
KB Securities’ commentary also follows a local media report Thursday that said Apple has proposed cooperating with LG Group and LG Group has started forming an internal team to work on any collabora-tion, including staff from cell maker LG Energy Solution Ltd., auto parts maker LG Electronics Inc., and camera-module manufacturer LG Innotek Co.

MacDailyNews Note: Back in April 2021, LG’s joint venture with Canada-based automotive supplier Magna International — LG Magna e-Powertrain — was reported to be “very near” to signing contracts with Apple to build its first electric vehicle (EV) models, The Korea Times reported citing “a source familiar with the issue.”
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