The news that the IT giant, Apple, is developing electric vehicles, is exciting the industry.
It is expected to have a considerable impact on the domestic electric vehicle industry.
Reporter Kim Hye-min covered it.
Apple's electric vehicle launch is expected in 2024, three years later.
Foreign media said, "Apple will be equipped with a self-designed battery."
An official cited in the report also raised expectations by explaining that "It is as innovative as when I first saw the iPhone."
Tesla's share price, currently the number one electric vehicle, has fallen sharply two days after the news of the global IT company's full-fledged advance into electric vehicles.
Changes are expected in the global electric vehicle battery market, where Korean companies dominate.
The core of Apple's battery technology is aimed at reducing production costs and enhancing stability, and it is known to use lithium iron phosphate material.
This is different from the ternary battery, which three domestic battery companies such as LG Chem, Samsung SDI, and SK Innovation are focusing on.
Since the battery Apple is envisioning is most similar to the CATL method, China's largest battery company, some observers say that CATL will benefit.
[Professor Woong-Cheol Choi/Dept. of Automotive Engineering, Kookmin University: (Korea) NCM-series ternary batteries are well responding to market and consumer requirements.
The only thing that needs to be done is to ensure the safety of the battery a little more...
LG Electronics, which declared the reinforcement of its electronics business, raised the possibility of cooperation with Apple, and the stock price jumped significantly.
LG Electronics is planning to establish a joint venture with Canada's Magna International, the world's third-largest auto parts maker, to produce electric vehicle parts.
Amid the global eco-friendly trend, technology competition among EV-related companies is expected to intensify.
(Video editing: Park Ki-duk)