Apple Could Potentially Switch Its Apple Car Production Plans To Foxconn And Magna
Apple could use an existing manufacturing partner to help it get the Apple Car onto the road, according to a new report.
Foxconn already manufacturers iPhones and other products and it could be a better fit for the Apple Car production than an existing carmaker like Hyundai, according to a Bloomberg report.
Apple has already held talks with the likes of Hyundai and Kia with discussions having stalled. Apple representatives have also reportedly been in touch with other companies, but nothing has come to fruition. So, the report claims, Foxconn and a new company, Magna, might be the best approach.
While Foxconn is known for its iPhone production, it’s notable that the company is already moving into cars – something that will be beneficial to Apple given its existing relationship.
Foxconn, also known as Hon Hai Precision Industry Co., has an existing relationship with Apple as the main assembler of iPhones. And the Taiwanese company is already branching out into the auto business. In October, it introduced an electric vehicle chassis and a software platform to help carmakers bring models to market faster. Last month, it unveiled a deal to assemble more than 250,000 EVs a year for the startup Fisker Inc.
Magna is another option and it has more car experience than Foxconn. In fact, it already produces cars for luxury brands including BMW and others. Apple and Magna previously held discussions about the Apple Car, but that was five years ago.
Bloomberg’s report notes that Magna has a good reputation for building cars for other companies. Maybe Apple will be the next to join its books.