Early last week, reports surfaced that Apple was back on onboard with development of a proprietary all-electric self-driving passenger vehicle. However, in response, TF Securities Analyst Ming-Chi Kuo says that the tech giant’s new EV won’t arrive any time before 2025.
A somewhat questionable supply chain report was filed last week outlining that Taiwanese car part factories were rushing out shipments to Apple in preparation for a vehicle launch as early as September of 2021. However, in a note to AppleInsider, TF Analyst Ming-Chi Kuo warns that the report should be taken with an appropriately sized grain of salt, saying that the report has inflated the value of “concept stocks” related to the Apple car efforts, and that the buying of shares in the related companies was a “knee-jerk reaction that could be short-lived.”
Kuo points to three major reasons why investors should hold off, including an ambiguous launch schedule, the uncertainty regarding Apple’s competitiveness in the car market, and the absence of any supplier or specification information. However, TF Securities does predict a launch for the new Apple car between 2025 and 2027, assuming “everything goes well.”
“Due to changes in the EV/self-driving market and Apple’s high quality of standards, we would not be surprised if Apple Car’s launch schedule is postponed to 2028 or later,” Kuo said.
The Chevy Bolt EV could be a rival for the rumored Apple car.
A report from Reuters issued last week points to a potential production-start for the new Apple car in 2024, with the vehicle leveraging new battery technology that could give it a competitive edge over competitors like General Motors and Tesla. The new technology would enable much higher energy density compared to current technology standards.
Apple first started work on a self-driving, all-electric vehicle in 2014. Known internally as “Project Titan,” it was previously believed that the tech company scaled back efforts to produce a vehicle in 2019, instead focusing on vehicle software development.
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Comments
Apple has its products manufactured by Foxconn in China, so its EV will probably be Chinese, too. I doubt that any U.S. citizen will want that EV, except Apple fanboys. Not even Apple’s co-founder Steve Wozniack will buy it since he already drives a Chevy Bolt.
there are a hell of a lot more apple fanboys than gm fanboys.
100% Steve
Apple and Tesla are the Biggest Customer Darlings in pretty much any Industry.
Everyone wishes they had the Loyal followers those Two companies have. That doesn’t make them the biggest by sales though. But Apple can pretty much charge whatever they want within reason.
2025 virus is spreading.
There is so much that could be happening but so little info to say what.
But we know fully autonomous cars are still a always off from our roads. It is more ready to target industrial or set loop targets first. Van delivering passengers to rental lots etc.
#2 we know Apple has been working on this for a while and did not just start on this.
#3 it easily could be delayed again.
#4 it may even be systems of batteries and autonomy that could be sold to other automakers.
We have a number of automakers that can’t afford a top EV program but can be a mfg. Apple could just market the tech.
There is just a lot to be discovered before we know much here. The bottom line is Apple does have the money, tech and suppliers to make some kind of major impact.
Don’t forget the other Computer and electronic companies as suppliers or mfgs of technology in this area. EV products are not limited to just automakers.
I am sure I will probably be wrong but I feel like Apple will only make a car that will be for Ride Hailing services. I do not think they want to setup a System like Tesla has done to sell cars at its stores. Not sure how they would handle the Deliveries and or Services. My opinion is they will sign a deal with someone to build the cars for them and service them as well.
The Apple Car will be mostly for Apple users (in the beginning) meaning you get in and it picks up your phone as their Speaker system does (simply scan your phone) and will have all of your Data for the duration of the Ride.
GM has been the most successful seller of Chinese made cars in the USA thus far with the Buick Envision . Whichhas been the only coast to coast available Chinese car in America. I ll bet 90 percent of the buyers don’t even know they are driving a 95-98 % pure Chinese car!
Look let let this develop before we worry where it is built as we have only speculation on suppliers.
Apple is into so many things and is one of the most secretive companies out there. We just need to look at the air charging and see that they are working on it but no one outside the company has much if any clue about it.
You think the C8 was a secure program this is even more secure.
The only way we know where the I phone will make changes is right before it is introduced and generally the changes are not radical.
Even on the 12 we had no idea on 5G till it was announced.
We will here all sorts of things on this car for a while much not grounded in more than guesses. This thing could go six ways to Sunday. Remember we are not dealing with a normal automaker here.
The one wild card here is they have enough money to buy Tesla, shut them down and not really suffer much more than a bump on the. Stock market.