According to reports, Wedbush analyst, Dan Ives, Apple may disclose relevant information on its high-profile car project in the next 3 – 6 months. The confidential internal project “Project Titan” is the company’s self-driving car project. Ives also reveals that Apple may take some time before the care actually arrives. Wedbush has been that Apple will not actually release a car for consumers until at least 2024. This is where the analyst still stands.
Ives said that although the car will not arrive until a few years later, before that, the company needs to release some information about the vehicle. The company needs to do this in order to lay the foundation for Apple cars. He believes that Apple will make public its car plans sometime this summer.
When asked about the timetable for the company, Ives said that Apple needs to “find a partner” for its self-driving cars. Of course, this coincides with previous reports. According to previous speculations, the company is in negotiations with several automakers.
Gizchina News of the week
In the past few years, there have been rumors that Apple is developing self-driving cars. There have been reports in the past few months that have further confirmed the company’s ambition to enter the auto market. Ming-Chi Kuo, a well-known Apple analyst, believes that Apple will not release an Apple car until at least 2023. The expectation is that the production and manufacturing of this care will be by a third-party contractor. However, the car will arrive with the Apple brand.
Not long ago, South Korean media reported that Apple was “very close” to signing an agreement with LG and Magna to jointly produce Apple cars.
Huawei is now deep in the smart car business
While Apple will obviously not use any of Huawei’s components, the Chinese manufacturer is one of the major players in the smart car component supply chain. Recently, the company released five smart car-related products. Many of these products are already in mass production. In fact, some of them are already in the market.
These products cover the fields of lidar, smart cockpit, and autonomous driving. Furthermore, Wang Jun, president of Huawei’s Smart Car Solutions BU, claims that some cars will be available on some Huawei channels. This means that Huawei may use its consumer BG channels to sell smart cars.
Nevertheless, these cars will not arrive with the Huawei branding. Huawei does not produce cars. However, some of the smart vehicles will have the “Huawei Inside” logo.