Apple has Reportedly Stopped Working on an Electric Vehicle

Apple has Reportedly Stopped Working on an Electric Vehicle

Additionally, it obtained other patents connected to automobiles, such as one for a motion sickness treatment virtual reality system and another for real-time window tinting adjustments.

Rather than producing the full automobile, several experts have previously predicted that Apple would more likely collaborate with one or more automakers to market an operating system, software for self-driving cars, or other relevant technologies.

In 2020, Elon Musk, the CEO of Tesla, asserted that during a difficult period, he tried to sell the electric vehicle company to Apple, but Tim Cook, the CEO of Apple, declined to meet with him.

In the same year that the iPhone upended the mobile phone industry, Morgan Stanley analysts predicted that an Apple vehicle would be “a transformative event” for the automotive and mobility sectors in the ensuing decades.

Although Apple may be abandoning its intentions to enter the very competitive EV market, one of its biggest allies believes there is a significant opening. Foxconn, the company that makes iPhones, is branching out into the electric vehicle market, with plans to go on sale this year. CNN recently quoted CEO Young Liu as saying that the EV business model “should be reinvented.”

Visited 23 times, 1 visit(s) today