Apple car would be welcomed by parts maker pivoting to EVs

A file photo shows a parking spot at a charging column for electric cars in Germany. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. — AFP

Apple Inc entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.

Reports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.