Apple to negotiate with South Korean companies for its electric car


According to the latest news, Apple has held talks with its business partners and potential EV component makers in South Korea.


Apple representatives were in Korea for business negotiations with Korean partners in the semiconductor and display sectors. Without partnerships with Korean suppliers, Apple will not be able to complete its EV business plan. As far as I know, Apple has talked to LG Electronics, SK Innovation, and Hanwa, but negotiations are still at an early stage. -Anonymous informant for The Korea Times


It is worth noting that SK Innovation is a division of the SK Group for the production of batteries for electric vehicles. LG Electronics recently formed the LG Magna e-Powertrain joint venture with Canadian auto parts manufacturer Magna International. Representatives of SK and LG Electronics were unable to confirm whether there were meetings with Apple about this.


The Korea Times was the first to report that LG Magna was very close to receiving large orders for Apple's first-generation electric vehicles. Apple is considering using a Lithium Phosphate (LFP) battery, which is less likely to overheat and therefore safer compared to lithium-ion batteries. The latter is currently produced by most South Korean battery manufacturers.


Earlier it was reported that Apple was in talks with Hyundai / Kia, Nissan, and other car manufacturers.

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