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Members of the Korean Electric Vehicle Parts Industry are battling it out to enter Apple's autonomous vehicle supply chain

11. 1B -Apple Project Titan -

 

A new Korean report today states that the domestic parts industry has started a war to enter the supply chain management (SCM) of Apple's self-driving electric vehicle 'Apple Car.’ Apple is expected to complete the selection of an Apple Car supplier within this year, and start its full-scale development. Apple is highly interested in South Korean companies in the field of its core parts.

 

According to the parts industry, Apple staff members visited South Korea last month and met with several domestic parts manufacturers. This is the second visit since last summer. Apple discussed batteries for electric vehicles with LG and SK.

 

It is understood that Apple is looking for several South Korean electronics manufacturers to plan the final lineup of supplying Apple cars. It is reported that Apple is showing great interest in electronic parts companies that have experience in mass production.

 

According to the industry, Apple showed a genuine attention to the point of proposing an equity investment in one of the domestic electronic parts manufacturers. It also demanded the company's electronic parts production capacity to increase by two-fold. It is unknown whether the company that received the offer accepted Apple's offer.

 

An official from the parts industry said, "The business related to Apple Car is being done under the surface. If the information is leaked a company, then the company may be removed from the supplier candidate. It is being handled very carefully."

 

It is reported that Apple has set up a policy to develop and manage Apple car battery materials directly. Apple is considering collaborating with a South Korean company in the midst of U.S.-China trade dispute. For more on this, read the full Korea IT News report.

 

10.0F0  Supply Chain News & Rumors

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