LG Group would make a good partner for Apple’s car, analyst says

Analysts believe LG Group and Apple could be a match made in heaven for the US tech giant’s smart car ambitions. — Reuters

South Korea’s LG Group, whose businesses span consumer electronics companies to an electric vehicle battery maker, would make a good partner for Apple Inc as the US tech giant endeavours to make a clean, smart car of its own, an analyst at KB Securities Co wrote in a note on Dec 23.

“Apple should start shaping its own supply chain for EVs next year if it plans to sell a new car in 2026,” Kim Dong-Won wrote, with reference to a Bloomberg story earlier this month that said Apple has scaled back its ambitious self-driving plans and postponed the car’s target launch date by about a year, according to people with knowledge of the matter.