Apple has stopped work on 'Project Titan', the tech giant's electric car project, according to a source familiar with the matter. The decision comes a decade after the reputed tech company begun the project, despite no official announcement being made thus far.
Apple Inc.'s electric car initiative, known as 'Project Titan', has recently shifted to a 2028 release date from the original release date of 2025, according to Mark Gruman, a renowned Apple analyst.
7 January 2021, 11:16 pm EST By
Hyundai-Apple partnership is in early phase of discussion for the development of the iPhone maker s self-driving car, which will be released in 2027, three years later the rumored 2024 target.
After local news outlet Korea Economic Daily reported the rumored tie-up, Hyundai Motor shares soared by 20%. It was reported that Apple was the one to suggest the tie-up, sending the proposal to the South Korean carmaker, which is said to be reviewing the terms.
(Photo : Maxime Agnelli/Unsplash)
Hyundai-Apple partnership in early talks
According to CNBC, the possible Hyundai-Apple tie-up will focus on developing a self-driving car. According to the proposal, Hyundai will handle both the battery development and vehicle production for the Apple car. The target release is said to be in 2027, unlike the earlier rumors of a 2024 release.
Apple Car launch unlikely before 2025-2027; EV development still in early stages, claims analyst Kuo
The iPhone 12-maker could also delay the Apple Car launch schedule to 2028 or later due to the changes in the EV/ self-driving market and the company’s high-quality standards. December 28, 2020 / 08:47 AM IST
Apple Car with a LiDAR sensor and cutting-edge battery tech is said to be in the works. A recent report suggested that the Apple Car could debut in 2024. However, analyst Ming-Chi Kuo claims that the Apple Car development is still in its early stages, and is unlikely to launch until 2025-2027.
Kuo stated that the Apple Car specifications are yet to be finalised, adding that he would not be surprised if Apple pushes the launch to 2028 or even later.