News & Reviews:   Apple Car

At the end of February 2024, Apple finally shut down its ambitious Project Titan car after nearly a decade. The New York Times published a detailed timeline of the project, such as spending $10 billion and meeting with a few car brands such as Tesla, Ford and even McLaren. In this news, Mark Gurman from Bloomberg shared more about other potential partners and other details during the journey. 

Yesterday, we reported that Apple has officially shut down its Apple Car project. The project went on for nearly 10 years and according to The New York Times, Apple spent over a shocking $10 billion budget.

In 2021, there were plenty of rumours regarding Apple working on an electric vehicle. Several tips claimed that Appl was involved with Hyundai and Kia (which failed) as well as with Toyota suggesting to begin production in 2024.

We have talked about the rumoured Apple Car before but it's been quite quiet until now. According to sources, Apple seems to plan on launching its electric vehicle by 2026 for under $100,000 for the masses. It's said to feature self-driving mode as well.

Apple's venture into the electric car business might have now come to the next step. According to DigiTimes, the tech giant is meeting with Toyota to establish its new supplier network for the highly-anticipated project. Last month, sources claimed that Apple representatives have also met with South Korea's SK Group and LG Electronics for the same purpose.

A car is not what you'd expect a company like Apple to be involved in building. But the company is looking to develop an electric car, by investing around RM14 billion in Hyundai. Moreover, the company's first electric car could be fully autonomous.

We previously reported that Apple is teaming up with Hyundai on an Apple Car and invested around ~RM14 billion. With the investment on Hyundai's subsidiary brand, Kia, multiple sources have cited that it would be an "autonomous, electric vehicles designed to operate without a driver and focused on the last mile".

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

Previously, we got news about Apple collaborating with Hyundai to manufacture an electric car. There wasn't much news after that but it seems that sources have confirmed that the two companies will be partners. They will sign a new partnership deal by March and start manufacturing in 2024.

If you haven't been following Apple news, the Apple Car project has been in and out since 2017. Not much is known about the technology, except that today we learn the vehicle is actually ahead of schedule, at least according to a Taiwan news source. According to the anonymous Taiwanese executives and manufacturers, it's scheduled to be released in Q3 of 2021.