Some of the Apple Automotive growth staff recently visited South Korea on a secret enterprise journey. As part of the journey, the employees met with numerous local South Korean companies like SK Group, LG Electronics, and so on., to debate numerous Apple Automotive enterprise alternatives.
A report from DigiTimes claims that Apple is on the lookout for companions for its Apple Automotive provide chain. One other report from The Korea Instances citing a senior government says that “Apple received to have the ability to full its EV marketing strategy” without partnering with Korean distributors.
“Apple officers have been in Korea for enterprise talks with its Korean companions within the semiconductor and show sectors. As seen in Apple’s smartphone enterprise, the corporate is looking for enterprise companions in Korea for its EV enterprise,” a senior trade government straight concerned with the difficulty informed The Korea Instances.
Each study reveals Apple held “superior” conferences with SK Group and LG Electronics subsidiaries. The Cupertino-based tech giant is seemingly desirous about South Korean distributors because it plans to make use of lithium iron phosphate batteries within Apple Automotive.
Chinese language suppliers like CATL and BYD are the chief in producing lithium iron phosphate batteries. Nonetheless, Apple is probably going contemplating different choices because of the ongoing US-China commerce struggle. CATL and BYD dominate the EV battery market with a market share of 47 p.c.
Apple automotive rumors have been swirling around aplenty because of the beginning of these 12 months. Preliminary rumors prompt Apple to partner with Hyundai-Kia, with the latter constructing a manufacturing facility within the US for producing the batteries that will likely be used contained in the Apple Automotive. Nonetheless, the talks between the 2 corporations quickly fell via. Apple seemingly even talked with numerous Japanese automakers, however, the talks didn’t pan out.