Apple Car Stock Price Apple Abandons Plan To Develop Own Car; To Focus On Autonomous Self

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Have you heard the news? It seems like Apple is secretly working on a car tech according to various rumors and reports. The company is notorious for shrouding their projects in secrecy, so it's no surprise that the same goes for their Apple Car.

The Apple Car

According to Bloomberg, the Apple Car is reportedly hitting the market in 2024. This will surely be a game-changer for the automotive industry and technology as a whole. The Apple Car will reportedly be equipped with self-driving capabilities and is seeking new battery technologies that will give the vehicle longer range and better performance.

Another report claims that the Apple Car is set to debut next year in September. While this is still less than a year away, the source of this report is sketchy and should be taken with a grain of salt until further confirmation.

Apple's Take on the Future of Cars

Even though Apple has never officially confirmed the rumors about the Apple Car, it's no secret that the company has been actively working on car tech. Apple has been patenting various car-related technologies since 2015, and reports suggest that the company has at least 1,000 engineers working on the Apple Car project.

The company's main focus is on developing self-driving technology and integrating it with their other products, such as Apple Maps and Siri. Apple is said to be developing its own autonomous driving software in-house, which indicates that the company's ambitions for the Apple Car go beyond just building a car.

Recharge for Apple's Stock

Apple's stock price could see a significant boost if the mysterious Apple Car lives up to the rumors. A long-rumored partnership with Hyundai has been put on hold, but that doesn't mean that Apple is slowing down their car tech development.

The success of the Apple Car could drive Apple's stock price even higher than it already is. Apple's recent stock performance has been impressive, with the company reaching a $2 trillion market cap in August 2020.

Apple's Abandoned Plan to Develop Own Car

Surprisingly, Apple has abandoned its plan to develop its own car. Instead, the company has shifted its focus to developing autonomous self-driving technology and has partnered with various car manufacturers to integrate their technology into their vehicles.

Apple's first partnership was with Volkswagen, where they used T6 Transporter vans to autonomously shuttle employees around the company's Cupertino campus. Since then, Apple has partnered with other automakers, such as BMW and Mercedes-Benz, to develop autonomous car technology.

Apple's Latest Hire

Apple's latest hire is another piece in the jigsaw puzzle for the Apple Car. The company recently hired former Tesla Vice President of Engineering, Michael Schwekutsch, to work on special projects. Schwekutsch has extensive experience in developing electric powertrain and autonomous driving technology for cars, making him the perfect fit for the Apple Car project.

Everything You Need to Know About the Apple Car

The Apple Car has been one of the most talked-about and speculated technology projects in recent years. Despite the lack of official confirmation from Apple, rumors and reports have given us a glimpse into what we can expect from the Apple Car.

The Apple Car will likely have a sleek and minimalist design, just like Apple's other products. The company is known for its attention to detail, and we can expect the same from their car. The vehicle will be equipped with advanced self-driving technology, making it one of the safest and smartest cars on the road.

The Apple Car will also boast state-of-the-art battery technology that will give it longer range and better performance. The company is reportedly working on a new battery technology that uses lithium-iron-phosphate instead of the traditional lithium-ion batteries used in most electric vehicles.

Conclusion

In conclusion, the Apple Car is one of the most highly anticipated products in recent years. While we don't know much about it officially, rumors and reports suggest that the vehicle will be a game-changer for the automotive industry and technology as a whole.

We can expect the Apple Car to have a sleek design, advanced self-driving technology, and state-of-the-art battery technology. While the Apple Car may not be hitting the market until 2024, the wait will surely be worth it for Apple fans and tech enthusiasts alike.

Thanks for reading!

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