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LG Electronics and LG Innotek strong on expectations for Apple car parts supply

apple car.

LG Electronics(146,500 +3.53%)and LG Innotek(229,500 +3.61%)It was strong during the day. As Apple is said to be developing its own electric car, there is a high possibility that it will procure key parts from domestic companies.

As of 11:04 am on the 10th, LG Electronics was trading at 147,500 won in the stock market, up 6,000 won (4.24%) from the previous day. At the same time, LG Innotek also recorded 229,500 won, up 8,000 won (3.61%) from the previous day.

Earlier on the same day, Kim Dong-won and Lee Chang-min, researchers at KB Securities, said in a report, “Assuming that Apple aims to launch an Apple car in 2024-2025 without cooperation with finished cars, Apple will take the lead in developing Apple car’s hardware and software like the iPhone. “As time is limited, we expect to actively utilize the iPhone parts supply chain that has already been proven in the market.”

These researchers added, “Apple is highly likely to purchase core parts for electric vehicles such as batteries and motors from LG, Samsung, and SK.

Shin Min-kyung, reporter at Hankyung.com radio@hankyung.com

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