Apple Inc. (NASDAQ: AAPL), GEELY AUTOMOBILE HLD (BODY) – potential partners for an Apple car growth in number, with Nissan the latest interest

Since reports suggested it Apple Inc. (NASDAQ: AAPL) rekindled its ambitions for electric cars, and several potential partners were nominated.

The youngest to throw a hat into the ring is the Japanese carmaker Nissan Motor Co Ltd (Pink: NSANF).

Nissan joins the party: Nissan, which is slowly stabilizing its ship after a downturn in COVID-19, could explore a partnership with Apple.

This is evident from the comments of Nissan CEO Makoto Uchida, when asked at a press conference about a possible partnership with Apple to discuss the carmaker’s recent quarterly results.

“As technology changes the automotive industry, we need to take new initiatives and collaborate with experts with good experience through partnership and collaboration,” Uchida reportedly said.

Related link: 10 things Apple investors may wish for in 2021

Growing interest in partnership? When rumors of Apple Car resurfaced late last year, it is speculated that Apple may be working with foundries Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) in making chips for a self-driving car.

Later, South Korean car giant Hyundai Motor Company DDR (Pink: HYMTF) has confirmed that it is in talks with Apple about EV manufacturing, although it has since said it is negotiating with several carmakers.

Reports that surfaced over the weekend suggested that the talks between Hyundai and Apple had fallen apart.

French engine manufacturer Renault ADR (Pink: RNLSY) may be better suited as a potential partner for Apple, according to JPMorgan analysts. Analysts said Renault’s experience in contract manufacturing, industrial collaboration and its massive spare capacity could be sold in Europe.

By the way, Apple’s iPhone carrier Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF), popularly known as Foxconn, announced a partnership with Chinese carmaker in mid-January Geely Automobile Holdings Ltd (OTC: BODY) offers complete vehicles, spare parts, intelligent propulsion systems, ecosystem car platforms and the value chain of the EV industry.

Even though there are many speculations, one thing seems certain at first: Apple’s EV plans may be long-term, given the complex manufacturing issues and regulatory issues.

Wedbush analyst Daniel Ives said the chances were high that Apple would partner with people like Tesla Ing (NASDAQ: TSLA) or Volkswagen AG unsupported representative 1 10th Sh ADR (Pink: VWAGY) or other car manufacturers in China such as Nio Inc – ADR (NYSE: NIO) and Xpeng Inc – ADR (NYSE: XPEV).

‘This could lay the groundwork for a dual path to start building its own motor vehicle cars after 2025 if this EV / autonomous enterprise is successful with consumers,’ the analyst said in a note.

Related link: Apple is better at it with currencies than EVs: analyst