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Apple Expects To Begin Production Of An Autonomous Electric Car By 2024

By John F. Heerdink, Jr.

Reportedly, Apple (AAPL) is planning to manufacture and sell an autonomous electric car by 2024, marking the start of the tech giant’s entry into the automotive world. This car offering will also be using its “breakthrough battery technology”. Apple has been working to make breakthroughs in battery technology that promise to considerably decrease the cost of the batteries and improve a vehicle’s range. Better batteries contribute as the main component of electric cars becoming mainstream. Apple’s Tim Cook informed of “massive change” in the car industry and confirmed that the tech giant is working on autonomous systems. Apple’s car team is led by Doug Field, the former head of Mac hardware.

Apple’s car project will have to clear several regulatory hurdles before reaching customers and arriving on the road, unlike its other products. The company to rely on a manufacturing partner for its cars in the same way, it has other companies assemble its iPhones, as per reports.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Apple reportedly plans production of electric car with 'breakthrough battery' in 2024 in The Telegraph)


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