Apple Enters Electric Car Market and Says It Will Work with Great Prices

Written by Valdemar Medeiros

Published on 03/01/2021 at 11:16

Carros elétricos da Apple

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The American Company Apple Has Big Plans for the Electric Car Market

Having assumed for some time that it would invest in the electric car sector and launch its own brand, Apple caught attention by reviving this idea last week; according to reports, the multinational has been planning to enter this market for about five years.

Apple Aims to Enter the Electric Car Market

Utilizing anonymous sources, Reuters reported that by 2024 Apple will launch into the automotive market with autonomous electric cars through the so-called Project Titan. Purposefully, Apple had already secured a license from the California Department of Motor Vehicles for testing autonomous vehicles since 2017. In addition to the iPhone creator’s brand, operating system software will also be made available to manufacturers.

Hired by the multinational, former Tesla Vice President of Engineering Doug Field is coordinating the team developing this project. Little is known about the project, but the automotive market is already eagerly awaiting to know Apple’s line of electric cars. Although the launch plans are set for 2024, it is likely that the date will extend to 2025, due to the COVID-19 pandemic.

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Tesla Currently Leads the Market

Market analysts have been speculating about this new investment from Apple, considering that the company already has a major competitor: the pioneer in electric car manufacturing, Tesla, followed by Toyota.

“If they keep waiting, could Tesla get so far ahead that Apple would never be able to catch up?” asked D.A. Davidson analyst Tom Forte.

In any case, investing in a new sector may – or may not – generate another source of income for Apple, considering that not all companies have sufficient capital to invest in the automotive market, especially in energy-powered autonomous vehicles. Electric cars are known for being non-polluting agents for the environment, but significant investment is needed to make them a reality. What is certain is that the company has big plans for Titan and we hope to learn more details about this precious project by the end of 2021.

Apple Enters Electric Car Market and Says It Will Work with Great Prices

The American Company Apple Has Big Plans for the Electric Car Market

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Apple Aims to Enter the Electric Car Market

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Apple Enters Electric Car Market and Says It Will Work with Great Prices

The American Company Apple Has Big Plans for the Electric Car Market

Read Also

Apple Aims to Enter the Electric Car Market

Tesla Currently Leads the Market

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

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Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.