Apple Car’s Long-Term Suppliers May Include Foxconn, Luxshare: Report

Apple may still be considering suppliers Foxconn and Luxshare Precision as candidates to build its upcoming car, with each of the companies independently making their way into the EV sector, according to sources with insider information (via DigiTimes).

The sources reported that even if Apple’s car project doesn’t utilize the two companies to start off, they could still play a key role in future development plans for Apple — through the gradual leveraging of their EV experience and platform into Apple’s supply chain.

In addition, the sources explained that some analysts still believe the Apple Car will largely be built and supplied by South Korean Hyundai Motors and a Canada-based joint venture between LG and Magna.

Taiwan-based Foxconn announced new EV factories in both Thailand and the U.S., with the U.S. factory set to be built out in the old Lordstown Motors factory in Ohio.

Foxconn has also supplied components to Apple for the iPhone for many years, and is a trusted supplier to the U.S. company.

Apple added China-based manufacturer Luxshare to its supply ranks in the past few years to help keep up with demand on newer generation iPhones.

More recently, Luxshare has also signed a strategic agreement with Chery to build EVs.