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Chery OEM Apple car, nailed?

After holding hands with "fruit chain brother" Luxshare Precision, Chery's appetite has become bigger and bigger, eating Southeast Auto last year, and was exposed or taken over from the traveler at the beginning of this year, and recently had a scandal with Apple Car.

On February 14, it was reported that Apple Car may be produced by Chery Automobile. In response, Chery insiders responded that they have not received relevant information at present.

Although there is no affirmative reply, Chery seems to have been thinking about Apple Car for a long time.

As early as a year ago, Apple supply chain leader Luxshare Precision signed the "Strategic Cooperation Framework Agreement" with Chery Holding Group Co., Ltd., Chery Automobile Co., Ltd. and Chery New Energy Automobile Co., Ltd. in Wuhu: the two parties intend to jointly establish a joint venture company to engage in the research and development and manufacturing of new energy vehicles, of which Luxshare Precision holds 30% and Chery New Energy holds 70%.

Chery OEM Apple car, nailed?

It is worth mentioning that the agreement signed by the two parties also includes an exclusive business, that is, Chery can no longer cooperate with other automobile OEMs to manufacture car business, but Chery can independently OEM business or cooperate with automobile brand enterprises in OEM business.

Chery OEM Apple car, nailed?

As a result, the outside world believes that this move may be Luxshare Precision and Chery Group joining forces to prepare for the OEM Apple Car.

However, for the matter of car manufacturing, Luxshare Precision has previously publicly denied the statement of "car manufacturing", and its chairman has publicly stated that the company does not build cars, but cooperates with Chery to develop a new industry, that is, the vehicle ODM model.

However, Apple's car "foundry" has not yet been settled, since the establishment of the Apple Car project, there have been rumors of cooperation with Hyundai Group, Toyota Motor, and SK, LG battery manufacturers, but Apple only signed a cooperation agreement with Volkswagen in 2018.

In this way, Chery is still very likely to catch the express train of Luxshare Precision and "OEM" for Apple Car.

Chery OEM Apple car, nailed?

The Apple Car is a fateful one.

As early as 2014, Apple launched the "Titan Project", focusing on hardware, committed to vehicle manufacturing, the project by the original iPod team leader Steve Zadesky (Steve Zadesky) as the leader, in order to achieve the goal, Apple set up a 1,000-person car team, and continue to recruit people from Google, Tesla, Mercedes-Benz, Ford and other car companies with high salaries.

However, the "Titan Project" did not go very well, with the departure of the four leaders of the Apple Car project, internal conflicts and management problems, the "Titan Project" was stagnant for a while, and it was not until the end of 2020 that Apple announced the restart of the plan.

Despite the turmoil, the automotive business is a city that Apple must conquer. The automotive market holds huge long-term growth opportunities, and Apple's entry into the auto industry could be the catalyst to increase Apple's total market capitalization from $2 trillion to $3 trillion.

According to the latest news, Apple's first car or a large SUV, the appearance design is very bold and avant-garde, very technological, standard L4 automatic driving, the first model is priced at about $90,000, is expected to be released in 2025, and officially launched in 2026.

Chery OEM Apple car, nailed?

From the perspective of the industrial chain, the automotive industry chain is far more lengthy and cumbersome than the smartphone industry chain, and the car manufacturing not only has to bear huge financial pressure, but also faces the risk of not being able to deliver.

For Apple at this stage, it will be more urgent to find a car company that has enough strength to manufacture for it.

Chery, on the other hand, has the hard power to OEM Apple Car. Chery, known as the "science and engineering man", can best show its technical reserves, especially in terms of power, Chery has its own proud Kunpeng power.

For Chery, Apple comes with intelligent attributes, and its self-research strength in the field of intelligent technology is undoubted, which is what Chery currently lacks. The cooperation between the two to build cars will surely learn from each other's strengths and achieve each other's achievements.

In addition, the current Chery's determination to hit the high-end market is unprecedented. Not long ago, Chery announced that it would join hands with Huawei to create another high-end automobile brand, the project code is E0X, and the brand is positioned on the star path and refers to the high-end.

Therefore, it is inevitable that we are full of expectations for the cooperation between Chery and Apple.

Author| Mr. Toseki

Produced | Electric Guild

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