The latter currently builds the BMW Z4, its Toyota Supra twin, and the Jaguar I-Pace at its facility in Graz, Austria. LG, of course, is one of the world’s largest battery producers. None of the three companies commented on the report as “contract details” are supposedly still being finalized. If a deal can be made (we must stress ‘if’), don’t expect production to begin until 2024 at the earliest. A prototype will appear sometime prior.
The Magna possibility has been mentioned before and it’s somewhat surprising Apple didn’t initiate talks with the supplier earlier on instead of wasting time with Hyundai and even Nissan. Suppliers like Magna provide build-for-hire services, much like Foxconn making iPhones and other hardware for Apple.