Apple suppliers Foxconn and Luxshare Precision are among possible candidates to produce the rumored Apple Car, as both companies have made forays into the future vehicle market, according to DigiTimes.
As the world’s largest assembler of iPhones, Taiwan-based Foxconn expanded its business into the future vehicle industry in 2021. Meanwhile, China-based Luxshare reached a strategic cooperation agreement with Chery recently to build electric vehicles (EVs).
When might we see an Apple Car?
On. Nov. 18, Bloomberg reported that Apple is accelerating development on its “Apple Car.” The article says the electric vehicle will be self-driving and could roll out in 2025.
What’s more, in a note to clients — as noted by AppleInsider — investment bank Wedbush says Apple is likely to announce a strategic electric vehicle partnership in 2022 to lay the groundwork for an “Apple Car” release in 2025.