Korean Companies Battling to Enter Apple Car Supply Chain
Apple is in the process of selecting suppliers for its long-rumored electric vehicle, according to a report from Korea's ETNews.
The report claims that Apple representatives visited South Korea in December last year to meet with local suppliers, following a preliminary visit in the summer of 2021. In particular, Apple is said to be looking for a number of vehicle electronic parts manufacturers with experience in mass production to provide core components for the vehicle.
Apple's interest in Korean manufacturers has purportedly led to a heated battle to secure a place in Apple's supply chain, and some suppliers are said to have formed a "Task Force" to actively respond to Apple's requests. Sources claim that Apple offered equity investment to at least one local electronic parts manufacturer in return for doubled production capacity.
Suppliers have purportedly not been given exact information about the vehicle's specifications due to discussions still being at an early stage. Even so, suppliers are said to be conscious of the need for confidentiality with Apple's vehicle project, with there being concern that leaks would likely lead to the company being removed as a supplier candidate.
Apple is reported to have a special interest in Korea's battery manufacturing capabilities and discussed electric vehicle batteries with LG and SK. Apple has allegedly insisted that it wants to develop and manufacture Apple car battery materials directly and requested intense secrecy. Some suppliers have refused the opportunity to work with Apple due to the high level of control it demanded.
After initiating face-to-face contact with some of the suppliers, Apple plans to continue discussions via online meetings. Apple is expected to complete the selection of suppliers for its vehicle by the end of 2022, followed by the initiation of full-scale development, public announcement, and mass production within the next two to three years.
Popular Stories
Apple is "shaking up its color palette" for its iPhone 16 lineup this year, according to well-connected Bloomberg reporter Mark Gurman. Early iPhone 16 Pro dummy models via Sonny Dickson According to Gurman, the iPhone 16 Pro models will come in a Gold Titanium to replace Blue Titanium, while the Black, White, and Natural Titanium options that debuted with the iPhone 15 Pro will remain...
Apple's next-generation iPhone 16 series is expected to launch on September 20 and will compete in a quickly evolving smartphone market, and with some notable upgrades rumored, the new models could see price changes compared to previous years. Successive iPhone models always come with new features and hardware upgrades, but Apple typically does not increase the retail prices as a result....
Bloomberg's Mark Gurman today shared his final expectations for Apple's "It's Glowtime" event, providing some new tidbits and clarifications about the new devices set to be announced on Monday. iPhone 16 Pro Along with larger 6.3- and 6.9-inch display sizes, the iPhone 16 Pro and iPhone 16 Pro Max will have bezels that are "now about a third slimmer" for a "sleeker overall look." The...
iOS 18 has been in beta testing for nearly three months, and the software update will finally be released for all compatible iPhones soon. Apple should reveal iOS 18's exact release date during its September 9 event, with the most likely possibility being Monday, September 16. Below, we have highlighted eight key new features included in iOS 18. Note that Apple Intelligence is not coming...
The Apple Watch Series 10 will include a new sleep apnea detection feature, but it may not be available as soon as the new model launches, according to Bloomberg's Mark Gurman. Sleep apnea detection, which builds on the watch's existing sleep tracking, will attempt to determine if a wearer has sleep apnea and then suggest further testing with a medical professional. Gurman had expressed...
The upcoming iPhone 16 Pro might break a seven-year streak at Apple. Taiwanese research firm TrendForce today reported that the iPhone 16 Pro will start at $1,099 in the U.S. with 256GB of storage, whereas the iPhone 15 Pro starts at $999 with 128GB of storage. If this information is accurate, it means that the iPhone 16 Pro will cost more for customers who otherwise would have opted for a...
