This comes after failed talks with Hyundai.
As the electric revolution picks up speed, more new car manufacturers are joining the race; some are small and are working with limited budgets, while others such as Apple are planning to enter the market with a bang. We've known for a while now that Apple has been wanting to launch an EV by 2024, and it came close to entering production until Apple's partner, Hyundai, decided to walk away at the last minute. Production of the Apple Car is still up in the air, but automakers are still scared of this sleeping dragon, especially now that the company has entered into talks with automotive giant Toyota.
We had previously reported that Apple was looking for suppliers in Korea, where it also outsources the manufacturing of its phones and tablets. The company is possibly looking at partnerships with SK Innovation and LG Chem, but the big news is that Toyota might step in. This won't be the first time that Apple has approached a major vehicle manufacturer, as its first dance with a traditional OEM faltered at the last minute (we're looking at you, Hyundai). The main reason for Apple's Asian tour is to secure a battery supply chain for the Apple Car.
The California-based company is also in talks with Hanwha, a Korean company that specializes in petrochemical technology and advanced materials. Apple clearly doesn't have an itchy trigger finger, especially after the debacle with Hyundai, and with Tesla enjoying massive sales successes with the Model 3 and Model S in China, Apple clearly wants to make sure that it chooses the right partners that will make the Apple Car a hit right off the bat. We can respect Apple's reluctance to pull the trigger right now, but it needs to make a decision soon, as its competitors are stretching their lead by the day.