According to Bloomberg News on Tuesday, which cited people with knowledge of the situation, Apple Inc. has delayed the target delivery date for its upcoming electric vehicle to 2026 and dialed back its ambitious self-driving aspirations.
Shares of the iPhone manufacturer dropped 2.4% as a result of the news.
Since the business initially began to design a vehicle from scratch in 2014, its automotive efforts, known as Project Titan, have advanced unevenly.
According to the people who spoke to Bloomberg, Apple is now considering a less ambitious design that will still have a steering wheel and pedals but will only support fully autonomous driving on highways.
According to the article, the company intends to create a car that would allow drivers to perform other chores while on the motorway and receive an alarm with enough time to revert to manual control.
A Bloomberg article from the previous year claimed that Apple was trying to debut an electric car as early as 2025 and had refocused the project to include fully autonomous driving capabilities.
The following was stated in the report: "Apple's dream automobile would have no steering wheel and pedals, with interiors designed around hands-off driving."
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
