$Apple (AAPL.US)$Apple may never build a car, autonomous or ...
$Apple (AAPL.US)$Apple may never build a car, autonomous or not.
To begin any autonomous car, you must have a car first. The distance between $Tesla (TSLA.US)$and Tesla-want-to-be is the manufacturing and engineering capability which Apple has none. As we all know, $HYUNDAI MOTOR CO GDR EACH REP 1/2 PFD N/VTG(REG'S')(CIT) (HYMTF.US)$, $BYD Co. (BYDDF.US)$and CATI have openly told Apple no, no, no. I don't know how many no was told under the table.
Clearly car is not cellphone which can be manufactured by almost any OEM vendor in East Asia, Taiwan, China, Japan, Korean, Malaysian, Vietnamese, and a growing list of countries. EV and its key components are not widely available in OEM market. $TOYOTA MOTOR CORP (TOYOF.US)$, $General Motors (GM.US)$, $Ford Motor (F.US)$, and $VOLKSWAGEN A G (VWAGY.US)$are work-in-process. $Rivian Automotive (RIVN.US)$and $Lucid Group (LCID.US)$are far away from basic economy of scale. Until EV manufacturing capability is widely available for cheap OEM vendors, Apple will be kept out of this business.
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Brain Gomes : The inference is that Apple would partner with a company already making vehicles.
Just guessing but I would bet a dollar it would be a Chinese company with some relationship with Foxconn.
arts food business Brain Gomes : It won't be a Chinese company:
1. Apple want to manufacture its own EV in US, not in China. Remember BYD and CATL refused Apple's request to build plant in US!
2. Foxconn itself is struggling to acquire Auto manufacturing capability in China. Foxconn has no manufacturing footprint in US.
Oavbab arts food business : Something that I’ve learnt over the years is never bet against Apple. The company has core organizational values to push itself to its own limits to disrupt and change the entire scenario in certain moments. The company has not been disruptive since the iPhone and iPad, and clearly it was working secretly in something big for several years: its own EV. We do not know what are the real advances of the project; that’s how Apple works. If anyone thinks that they know everything they need about it’s project, they will always wrong.
Rickydi : Sorry I don't deal in hypothetical's. Enjoy the dark throw.
zukG4HQuCI : I feel institutions release this rumor every couple of months before cashing their calls.
O15Cbt1QkM : Apple might build an autonomous car. Who gets the call to be a partner?
How about QCOM for it's ADAS and smart cockpit solution? You hearing Tim Apple?
MoreOfTheSame : It will be a KIA renamed. Oh not the Killed-In-Action but the low end KIA.