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Apple targets car production by 2024, eyes next level battery technology: sources

Apple targets car production by 2024, eyes next level battery technology: sources
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Apple aims car production by 2024; eyes next level battery technology

Apple aims car production by 2024; eyes next level battery technology The iPhone maker s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch Reuters | December 22, 2020 | Updated 07:54 IST Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. The iPhone maker s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch. At one point, Apple drew back the effort to focus on software and reassessed its goals. Doug Field, an Apple veteran who had worked at Tesla Inc, returned to oversee the project in 2018 and laid off 190 people from the team in 2019.

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Apple targets car production by 2024 and eyes next level battery technology

Reuters Published: 22 Dec 2020 07:18 PM BdST Updated: 22 Dec 2020 07:18 PM BdST The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, US, October 16, 2019. Reuters Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. ); } The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch. At one point, Apple drew back the effort to focus on software and reassessed its goals. Doug Field, an Apple veteran who had worked at Tesla Inc, returned to oversee the project in 2018 and laid off 190 people from the team in 2019.

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Apple aims car production by 2024 with next level battery technology

Apple aims car production by 2024 with next level battery technology Apple s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch. (Image: Reuters) Updated: Dec 22, 2020, 10:54 AM IST Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, according to sources cited by news agency Reuters. The iPhone maker s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch. At one point, Apple drew back the effort to focus on software and reassessed its goals. Doug Field, an Apple veteran who had worked at Tesla Inc, returned to oversee the project in 2018 and laid off 190 people from the team in 2019.

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Tesla stock drops for a SECOND straight day as analyst says it is in bubble territory

Tesla stock was down again in morning trading on Tuesday, following claims the shares are overpriced and amid new reports that Apple s self-driving car program is back on track. Tesla shares dropped as much as 2.2 percent on Tuesday morning, after plunging 7 percent in Monday s session, when the company became part of the S&P 500 index. Tesla stock has very strong signs of being overpriced, said Vitali Kalesnik, partner and head of research in Europe at Research Affiliates, in an interview on CNBC on Tuesday. Tesla s current valuation is in the bubble territory. His remarks followed a new report that Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, posing a new threat to Tesla.

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