Waymo announced that it will bring its vehicles to NYC to train the autonomous system to learn the complex streets of Manhattan.
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London Underground to get full mobile coverage by 2024
Transport for London has posted a confirmation that it is committed to deploy high-speed mobile coverage across the Tube network in London.
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HUAWEI is investing $1 billion to ramp up self-driving and smart EV efforts
HUAWEI has today announced plans to invest $1 billion for research in the domain of electric vehicles, self-driving cars, and connected vehicles. HUAWEI chairman Eric Xu has revealed that the company is joining hands with three brands – BAIC Group, Chongqing Changan Automobile Co. and Guangzhou Automobile Group Co. – for the launch of co-branded self-driving cars.
“The smart car business unit receives one of the heaviest investments from Huawei. We will invest more than $1 billion in car component development this year. China adds 30 million cars each year and the number is growing. Even if we don’t tap the market outside of China, if we can earn an average 10,000 yuan from each car sold in China, that’s already a very big business for Huawei.”
– Eric Xu via Bloomberg.
– Eric Xu via Bloomberg.
HUAWEI is going against Apple and Xiaomi with its EV and self-driving ambitions
Notably, Xu mentioned that HUAWEI’s self-driving technology can allow a vehicle to cover a distance of up to 1,000 kilometers without any human assistance. This is on par of with Tesla’s own fully self-driving technology, which is currently being tested as a beta. Tesla has not revealed a ‘maximum self-driving distance without human intervention’ number, but earlier this year in January, a YouTuber posted a video of his journey in a Tesla car, covering 350+ miles with almost no human intervention at all. Reports suggest that rival Apple also an EV car in the pipeline that will be fully autonomous.
READ MORE: Xiaomi is going to make electric vehicles too.The rotating HUAWEI chairman mentioned that delving into a rapidly growing EV and smart car segment will not only provide HUAWEI an early lead, but will also serve as a medium for the company to ensure that it survives the stringent trade sanctions imposed by the US government. To recall, HUAWEI has been reeling from trade sanctions that have crippled its supply chain – especially when it comes to semiconductors – and has adversely affected its smartphone business, both in the international as well as domestic markets.
It is not just another business expansion, but also a means of survival for HUAWEI
HUAWEI already has partnerships with automobile giants such as Mercedes for supplying connected smart car solutions. Back in May last year. HUAWEI entered an alliance with 18 companies to boost the development of 5G-connected cars. Back in July last year, Chinese automaker BYD revealed the world’s first car powered by HUAWEI’s HiCar system based HarmonyOS. And earlier this month, ArcFox launched its own electric car based on HUAWEI’s platform with Harmony OS as the foundation, and 5G connectivity as well.
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Google Maps will let you draw missing roads and be a good Samaritan
Google Maps has lately become a community-driven platform where contributions from users themselves have made the experience a lot more useful. For example, finding reviews, inputs, real-life images as well as incident reporting have all made it way more than just a mapping and navigation platform. And soon, Google Maps will let you be an architect of roads – without a degree in architecture – by letting you draw new and missing roads on it.
Of course, Google will verify your road scribbling adventures before they go live for others
Actually, Google Maps will let you do more than that. Aside from drawing new roads on Google Maps, you can also add those that are missing from the map view, rename them if the service has not yet updated the new moniker of a road(s), and even delete those that no longer exist. And in case a road has been closed, users will be able to contribute details such as when and why the closure happened, and alternative directions to a spot that avoids such closed roads.
Google Maps app adds payment tool for parking and public transit faresOf course, your entries will be assessed and verified by the company before the changes start appearing for others on Google Maps. The company says that the ability to tweak road information on Google Maps will start appearing to users in more than 80 countries over the coming months. All you have to do is click on the side menu button, tap on the “Edit the map” option and select the “Missing road” option to be a good samaritan. But do keep in mind that this facility is available only on the desktop version.
Google Maps is also getting a useful updates tool
Google Maps is getting another useful tool that will let you add photos of a place without having to go full ‘local guide’ and adding reviews and other information to the community-sourced database. When you look up a place on Google Maps and go to the “Updates” section, you will now see a new ‘Add a photo update’ button that will let you contribute photos. And if you feel like it, you can also add a few words to describe the place. This “updates” section is also where you can find the latest photos of a place, giving a good idea about how it has been lately,
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Amazon India starts using three-wheeler EVs for deliveries in some Indian cities
Amazon has announced its partnership with Mahindra Electric, which will enable it to include a fleet of 10,000 delivery vehicles in the form of three-wheeler TVs by 2025 in India. The announcement is in addition to the global commitment of 100,000 electric vehicles in the delivery fleet by 2030 announced in the Climate Pledge signed by Amazon.
These EV vehicles come from Mahindra Electric and are called Treo Zor. They have been deployed in seven cities so far including Bengaluru, New Delhi, Hyderabad, Ahmedabad, Bhopal, Indore, and Lucknow. For the unaware, motorized three-wheelers are a common sight on Indian roads but Amazon will be using these for deliveries in the form of EVs.
We are committed to building a supply chain that will minimize the environmental impact of our operations. The expansion of our Electric Vehicle fleet to 10,000 vehicles by 2025 is an integral milestone in our journey to become a sustainability leader in the industry. We continue to work with several OEMs to build a fleet of ‘Made in India’ electric vehicles that ensure sustainable and safe deliveries of customer orders, and this partnership with Mahindra Electric is a testament of our commitment.
Akhil Saxena, VP, Customer Fulfilment Operations, APAC, MENA & LATAM, Amazon
The Mahindra Trio Zor is built to carry cargo. It can bear a 500kg load on the back and offers 125km of range on a single charge. It can be charged to full in just under 4 hours and has a top speed of 50 km/h. It was launched back in October 2020 and provides an advanced Lithium-ion Battery. The Mahindra Treo Zor has been designed and developed in India and offers best-in-industry performance
The partnership between Amazon India and Mahindra Electric is a welcome step which reaffirms India’s significant progress in the e-mobility industry, and highlights the role of auto makers and e-commerce companies to achieve our environmental sustainability goals.
Shri Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India
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Google Maps app adds payment tool for parking and public transit fares
It goes without saying that Google Maps is a pretty handy tool, and now, the mobile app is getting even more useful. The company is adding a Google Pay integration in the Google Maps app that will allow users to pay for parking tickets and public transport fares in a jiffy, without having to switch between the navigation and payment apps.
The ability to pay for parking tickets goes live today across 400+ cities in the US on Android
Google has partnered with parking solution service providers Passport and ParkMobile to let users pay for parking even before reaching the designated spot. All you have to do is tap on the “Pay for Parking” button as you draw closer to your destination. Once the prompt appears, all you have to do is enter details such as the amount of time you want your vehicle parked and the meter number for verification.
Additionally, you will also be able to add extra hours of parking time if the need arises, using the same Google Pay integration in the navigation app. The ability to pay for parking tickets goes live today across 400+ cities in the US on Android, and will soon make its way to the iOS app as well.
Google Maps will let you pay for transit in 80 locations locally in the coming weeks
Aside from paying for parking space, Google Maps is also expanding the ability to pay for public transportation fares by collaborating with more than 80 agencies worldwide. While planning their trip, Google Maps will allow users to pay in advance and also get information about the supported payment options at their destination. The ability to pay for transit tickets will go live internationally within the next few weeks on Android.
“When you get transit directions, you’ll see the option to pay with your phone with the credit or debit cards already linked to your Google Pay account,” the company added in its official blog post. And if you happen to live in a select few locations such as the San Francisco Bay Area, the Google Maps app will also allow you to buy a digital Clipper card and pay for it, and get it verified by tapping your phone on the reader.
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Hyundai isn’t in discussion to develop Apple Car: Report
“Apple and Hyundai are in discussions but they are at an early stage and nothing has been decided,” Hyundai Motor said in a statement earlier. The company did not reveal details about the nature of the talks with Apple. Now, according to a Bloomberg report, Hyundai and its affiliate Kia have said that they aren’t in talks with Apple to develop the Apple Car. This comes after intense speculation about the potential partnership.
As per the report, Apple paused discussions with Hyundai and Kia weeks ago about building an electric vehicle. The report cites “people familiar with the matter.” Further, Apple is said to have discussed similar plans with other auto manufacturers.
“Talks with Apple ending isn’t going to dampen Hyundai’s strategy because the automaker already has set up plans on its EV business with the Ioniq brand,” said Lee Jae-il, an analyst at Eugene Investment & Securities Co. in Seoul. “There’s still a possibility for Hyundai and Kia to cooperate with other automakers for its EV platform.”
It is also reported that Apple is in discussions with at least six Japanese automakers over potential supply and manufacturing partnerships.
It was earlier reported that Apple was inching closer to inking a deal with Hyundai for its highly-anticipated EV project. Apple Car is anticipated to be a fully autonomous vehicle and will not be designed with a driver in mind. It would be an autonomous, electric vehicle designed to operate without a driver and focused on the last mile.
The new Apple product is said to make its debut in 2024. Apple has initial plans of rolling out 100,000 Apple Car units annually, with a total production run of 400,000 cars planned. On the other hand, several reports have claimed that the rollout could be pushed back to 2025.
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Apple Car will reportedly be a fully autonomous electric vehicle
Earlier this week, it was reported that Apple is nearing a deal with Hyundai-Kia worth around $3.6 billion to make its first electric car. Now, CNBC also reports – citing multiple sources familiar with the latest developments – that Apple is inching closer to inking a deal with Hyundai for its highly-anticipated EV project with plans of assembling it at Kia’s automobile facility in Georgia.
Apple's EV will reportedly be based on Hyundai's E-GMP electric vehicle platform
More importantly, sources cited in the report mention that the Apple Car will be a fully autonomous vehicle and is not designed with a driver in mind. “The first Apple Cars will not be designed to have a driver. These will be autonomous, electric vehicles designed to operate without a driver and focused on the last mile,” a source privy to the matter was quoted as saying by CNBC. If proven correct, the Apple EV will go head-to-head with Tesla, which is also aggressively pushing towards the release of its own fully autonomous driving technology.
The Apple Car will reportedly make its debut in 2024, and as per reports coming out of South Korea, the company has initial plans of rolling out 100,000 Apple Car units annually, with a total production run of 400,000 cars planned. However, multiple sources and analysts – including Ming-Chi Kuo – suggest the debut of Apple’s electric car might be pushed back to 2025.
Apple seeks full control over the hardware and software of its upcoming EV
Regarding its partnership with Hyundai, Apple picked the South Korean automobile company for multiple reasons, one of them being its production facility in US, and the other one being its ability to scale up in order to accommodate Apple’s plans. Plus, Apple wanted a brand that could afford it a high level of control over both software and hardware aspects of the upcoming EV. The Apple Car will reportedly be based on Hyundai’s own E-GMP electric vehicle platform, which might be yet another reason for Apple to collaborate with the company.
However, there is a chance that Apple’s deal with Hyundai might not materialize. Or, Apple might also sign a deal with another carmaker in addition to Hyundai. Right now, it is too early to predict, with Apple being notoriously silent about its car project, and Hyundai has also not shared any official details about what’s cooking between the two companies either.
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Apple to invest $3.6 billion in Hyundai’s Kia, plans to debut electric car in 2024: Report
At the start of this week, noted analyst Ming-Chi Kuo shed some details on Apple’s partnership with Hyundai for developing its highly anticipated electric car that will be based on the Korean automobile giant’s E-GMP platform for EVs. Now, as per a report from Korea’s DongA.Com, Apple is in talks to invest a KRW 4 trillion (~ $3.6 billion) in Hyundai’s Kia subsidiary. The contract will reportedly be signed later this month (likely on February 17) after talks between the two companies began last month.
Hyundai's Kia will build dedicated production lines for Apple at its Georgia facility
As per the report, Kia will handle the Apple Car project as Apple aims to set up exclusive production units at Kia’s facility in Georgia. More importantly, Apple has reportedly set a target of 2024 to debut its electric vehicle, and aims to produce 100,000 units of its electric car per year. Overall, Apple is said to have planned an initial run of 400,000 units for its first electric car. And to achieve those numbers, Kia is expected to build a dedicated production line for Apple’s EV.
Additionally, Hyundai Glovis – which provides car distribution as well as a wide range of logistics services – will reportedly play a key role once the Apple Car hits the market. Apple is said to have cherrypicked Hyundai because the company has an electric vehicle platform of its own, owns a production facility in the US, and is deemed capable of fulfilling the 2024 production target that Apple has planned.
What to expect from the Apple Car?
Apple aims to produce 100,000 units of its electric car annually
As for the specifics of Hyundai E-GMP – the platform on which the Apple Car will reportedly be developed – it is claimed to offer a range of 500 km on a single charge. Plus, Hyundai claims that the battery goes from zero to 80% in just 18 minutes. Coming to the speed and acceleration figures, the Hyundai platform offers a top speed of 260 km/h and can go from 0-100 km/h in just 3.5 seconds. It is also claimed to offer the world’s first multi-charging (400V/800V) and bi-directional power conversion function.
Of course, the Hyundai E-GMP platform can be heavily modified and tweaked to a carmaker’s liking, which means the numbers mentioned above might vary depending on the direction Apple chooses to go with its first electric vehicle. Apple Car will reportedly be a high-end offering that will sit above what the likes of Hyundai and Volkswagen have planned when it comes to democratizing the technology towards the shared goal of a greener future – and also making a lot of money in the process.
VIA: Bloomberg
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Uber Eats will now deliver you booze after buying Drizly for a cool $1.1 billion
Uber is looking to diversify the portfolio of its Uber Eats delivery service by adding booze to the list of products it covers. The ride-hailing giant has announced that it is acquiring Drizly – the top on-demand alcohol marketplace in the US – for around $1.1 billion in stock and cash. Following the acquisition, the eponymous Drizly app will continue to remain functional as usual. However, Drizly’s business will become a wholly-owned subsidiary of Uber and its marketplace will be integrated with that of Uber Eats.
The deal is now pending regulatory approval and will close in H1 2021
Talking about Drizly shareholders, over 90% of the deal amount will be covered by Uber common stock, while the remaining portion will be paid to them in cash. The deal is expected to close in the first half of 2021 and is now pending regulatory approval. Here’s what Uber CEO Dara Khosrowshahi said regarding the deal:
| “Wherever you want to go and whatever you need to get, our goal at Uber is to make people’s lives a little bit easier. That’s why we’ve been branching into new categories like groceries, prescriptions and, now, alcohol.“ |
Definitely didn’t time this for the end of Dry January
— Uber (@Uber) February 2, 2021
Learn more → https://t.co/hkHEQODBbU pic.twitter.com/NZUBoobr2L
On paper, this sounds like a win-win strategy for both companies. With Drizly, Uber gets access to a fresh audience, a new product segment under its umbrella, and a chance to widen its portfolio of services. Drizly, on the other hand, will allow its merchant partners to exploit Uber’s huge user base, access to financial and on-road resources, and the company’s impressive routing technology too. Plus, Uber’s own rewards and subscription program benefits will now be available to Drizly partners too.
Prior to Drizly, Uber Eats ingested Postmates meal delivery service in 2020
Back in July last year, Uber acquired meal delivery service Postmates in a deal valued at $2.65 billion after failing to acquire Grubhub. Uber had originally planned to let Postmates operate independently following the acquisition, but allowing it to leverage the ride-hailing company’s network of merchants and delivery resources.
But just over a week ago, Uber laid off over 180 Postmates workers, with founder and CEO Bastian Lehmann also leaving the company at the same time. As for Uber, it went ahead with plans of integrating Postmates’ infrastructure with that of Uber Eats.
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More details about Apple’s electric car and partnership with Hyundai surface online
Less than a month ago, Hyundai confirmed that Apple is indeed working on its own electric car project. Since then, multiple reports have claimed that Apple is joining hands with Hyundai for its highly-anticipated automobile, but there have also been reports of a schism between Hyundai executives over the collaboration with Apple. Now, TF Securities Ming-Chi Kuo – who has a solid track record when it comes to Apple-related predictions – has shed more light on the company’s partnership with the South Korean automobile giant.
As per an investor note that was accessed by AppleInsider, Kuo mentioned that the Apple Car will be based on Hyundai’s E-GMP platform for electric vehicles that was showcased last year. He adds that production will be handled by Hyundai’s Kia subsidiary, while the responsibility of component designing and production will be shouldered by Hyundai Mobis.
As per Kuo's estimate, Apple's electric car won't hit the road until until 2025
More importantly, Kuo anticipates that the Apple Car likely won’t hit the road until 2025. Additionally, the first Apple automobile willl reportedly be priced significantly higher than a regular electric vehicle. This falls in line chatter going around in the industry that Apple’s electric car will be a high-end machine, and not necessarily a mass-market vehicle. Here’s what Kuo wrote in his investor note:
| “Apple’s deep collaboration with current automakers (Hyundai Group, GM, and PSA) who have extensive development, production, and qualification experience will significantly shorten the Apple Car development time and create a time-to-market advantage. We believe that Apple will leverage current automakers’ resources and focus on self-driving hardware and software, semiconductors, battery-related technologies, form factor and internal space designs, innovative user experience, and the integration with Apple’s existing ecosystem.” |
Apple Car won’t be a mass-market electric vehicle
Apple will rely heavily on outsourcing from established names in the automobile industry
Kuo mentions that Apple will source manufacturing and assembly hardware to other established names in the automobile industry. In the past, experts have also predicted the outsourcing route for Apple, as creating a robust supply chain for an automobile is way more complex compared to consumer electronics such as phones, tablets, and computers.
That is primarily because a car is made up of a lot more parts than a smartphone, and add to it a lot more intensive R&D process followed by rigorous testing and certification hassles. And if Apple aims to meet its production goal – which according to a Reuters report will begin in 2024 – then the company will have to leverage the expertise and experience of veteran players in the automobile industry.
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More details about Apple’s electric car and partnership with Hyundai surface online
Less than a month ago, Hyundai confirmed that Apple is indeed working on its own electric car project. Since then, multiple reports have claimed that Apple is joining hands with Hyundai for its highly-anticipated automobile, but there have also been reports of a schism between Hyundai executives over the collaboration with Apple. Now, TF Securities Ming-Chi Kuo – who has a solid track record when it comes to Apple-related predictions – has shed more light on the company’s partnership with the South Korean automobile giant.
As per an investor note that was accessed by AppleInsider, Kuo mentioned that the Apple Car will be based on Hyundai’s E-GMP platform for electric vehicles that was showcased last year. He adds that production will be handled by Hyundai’s Kia subsidiary, while the responsibility of component designing and production will be shouldered by Hyundai Mobis.
As per Kuo's estimate, Apple's electric car won't hit the road until until 2025
More importantly, Kuo anticipates that the Apple Car likely won’t hit the road until 2025. Additionally, the first Apple automobile willl reportedly be priced significantly higher than a regular electric vehicle. This falls in line chatter going around in the industry that Apple’s electric car will be a high-end machine, and not necessarily a mass-market vehicle. Here’s what Kuo wrote in his investor note:
| “Apple’s deep collaboration with current automakers (Hyundai Group, GM, and PSA) who have extensive development, production, and qualification experience will significantly shorten the Apple Car development time and create a time-to-market advantage. We believe that Apple will leverage current automakers’ resources and focus on self-driving hardware and software, semiconductors, battery-related technologies, form factor and internal space designs, innovative user experience, and the integration with Apple’s existing ecosystem.” |
Apple Car won’t be a mass-market electric vehicle
Apple will rely heavily on outsourcing from established names in the automobile industry
Kuo mentions that Apple will source manufacturing and assembly hardware to other established names in the automobile industry. In the past, experts have also predicted the outsourcing route for Apple, as creating a robust supply chain for an automobile is way more complex compared to consumer electronics such as phones, tablets, and computers.
That is primarily because a car is made up of a lot more parts than a smartphone, and add to it a lot more intensive R&D process followed by rigorous testing and certification hassles. And if Apple aims to meet its production goal – which according to a Reuters report will begin in 2024 – then the company will have to leverage the expertise and experience of veteran players in the automobile industry.
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Hyundai confirms Apple is developing an electric car
Recently, a Reuters report claimed that Apple is targeting 2024 to start the production of its first electric passenger car. The product has been in development for a while now under the name Project Titan. The electric vehicle is said to be half a decade away from launching. However, this means, the Cupertino giant is actively searching for components for its next product, the Apple Car. Now, Hyundai Motor has said that it is in early discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries.
Hyundai and Apple might collaborate on the upcoming Apple Car
“Apple and Hyundai are in discussions but they are at an early stage and nothing has been decided,” Hyundai Motor said in a statement. The company did not give details about the nature of the talks with Apple. However, a few hours after that, it issued (via) another revision that omitted Apple: “We’ve been receiving requests for potential cooperation from various companies regarding development of autonomous EVs,” the latest version said. “No decisions have been made as discussions are in early stage.”
It is not possible for Apple to build an EV on its own
Apple is likely to be looking at partners since it doesn’t have production capabilities and sales networks to sell its cars. “Building up those capabilities can’t be done quickly so Apple will need a partner for that,” said Lee Han-Joon, an analyst at KTB Investment & Securities Co. in Seoul. Hyundai is said to provide Apple with a partner that’s already accelerating a push into electric and driver-less cars.
“Apple outsourcing car production to Hyundai makes sense, because (the Korean firm) is known for quality,” said Jeong Yun-woo, a former designer at Hyundai.
The South Korean company is set to introduce its first EV, Ioniq 5, built on a dedicated platform. Hyundai and its Kia unit are together planning to launch up to 23 new EV models and aim to sell 1 million units by 2025.
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Tesla will ‘start operations’ in India early next year, says the country’s transport minister
Tesla’s foray into the Indian market has so far been shrouded in rumors and speculations. However, it appears that the top brass at Tesla and the Indian government have been in talks and the EV maker might finally set foot on the Indian soil next year. Nitin Gadkari, India’s Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, said in an interaction with Indian Express that Tesla will “start operations” in India in early 2021.
Tesla will start by selling its electric cars in India and will handle the sales operations directly. The company will then explore manufacturing and production plans in the country based on how well Tesla’s cars are received in India. Until then, Tesla will import its cars in the country and will likely focus on its cheapest offering – the Model 3.
No, but definitely this year
— Elon Musk (@elonmusk) December 27, 2020
However, Tesla’s much-awaited India debut certainly won’t happen in January. Responding to a tweet that asked about Tesla’s potential arrival in India in January, the company’s CEO Elon Musk mentioned that a January debut is not on the cards. However, he did affirm that Tesla will ‘definitely’ enter the Indian market in 2021. Back in October this year, Musk tweeted that Tesla will enter the Indian market in 2021 for sure.
Another report from Economic Times mentions that the Model 3 will start at approximately Rs. 55 lakh in India, which translates to roughly $74,800 based on the current conversion rate. The asking price is much higher for the Indian market compared to the US market, where the Model 3 currently starts at around $38,000.
That price markup is because Tesla will import all Model 3 units in India, which means a lot of taxes and import duties will be levied on it. While Tesla’s entry will give a huge push to the nascent EV industry in India, the company will have to tackle another huge challenge – building a robust charger infrastructure in the country prior to scaling up its operations in the country.
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Apple might take until 2027 to launch its ambitious car: Kuo
Just over a week ago, a Reuters report claimed that Apple is targeting 2024 to start the production of its first electric passenger car which has been in development for a while now under the name Project Titan. Ever since the report came out, the industry has been abuzz with speculations and whether Apple’s entry into the automobile sector will catalyze a major industrial shift. However, it appears that we might have to a bit longer for the debut of Apple’s car. As per TFI Securities analyst Ming-Chi Kuo – who has a stellar track record with predictions related to Apple’s business – the car will be launched in 2025–2027 at the earliest.
Market volatility and quality issues might even delay it until 2028
“We predicted in a previous report that Apple will launch Apple Car in 2023–2025 […] However, our latest survey indicates that the current development schedule of Apple Car is not clear, and if development starts this year and everything goes well, it will be launched in 2025–2027 at the earliest,” Kuo was quoted as saying in a research note accessed by Macrumors. “Due to changes in the EV/self-driving market and Apple’s high-quality standards, we would not be surprised if Apple Car’s launch schedule is postponed to 2028 or later.”
However, the road ahead might not be as easy for Apple as one would expect from a company with such deep pockets and resources. Kuo notes that the domain of self-driving / electric cars is not just about hardware, as big data / AI is also a big piece of the puzzle here. Kuo notes that by the time Apple’s car is ready for prime time, older players in the segment will have acquired more expertise in the field of AI, ML and improved their self-driving as well as battery technology as a whole, thereby possibly offering a more polished product at a cheaper price.
Filling this gap huge is something that Apple will be a major challenge for Apple. The TFI Securities analyst also raised a cautionary alarm for investors who might be a bit too keen on Apple’s car ambitions and reaping its benefits. Kuo mentions that Apple’s record with a new business (or product) has not always met with an overwhelming success (or at least initially), and there are a ton of supply and production challenges in the notoriously volatile automobile industry which Apple has to tackle early on.
(Image Credit: Concept Creator / LetsGoDigital)
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