Share: Apple Inc (NASDAQ: AAPL) is likely to use an approach similar to one it uses to make the iPhone for manufacturing its rumored electric vehicle, Bloomberg reported Wednesday. What Happened: The Tim Cook-led company may work with a contract manufacturer after talks with some automakers did not bear fruit. For making computers, smartphones, and tablets, the Cupertino, California-based company partners with manufacturers such as Hon Hai Precision Industry Co. Ltd (OTC: HNHPF), better known as Foxconn, as well as Pegatron, Wistron, Flex Ltd (NASDAQ: FLEX), and Luxshare. Profit margins of contract suppliers are dwarfed by those of Apple as factories are low-margin businesses.