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Report Indicates Apple Inc. (US: AAPL) May Launch Autonomous Car by 2025

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/zigman2/quotes/202934861/composite AAPL +0.51%

Dec 06, 2021 (Investor Brand Network via COMTEX) -- With the nascent electric vehicle sector poised to grow exponentially over the next decade, a couple of firms companies that haven't been in the automotive sector have thrown their hats into the electric vehicle ring. Amazon, for instance, has invested billions of dollars in Rivian, an EV startup that will build electric vans, pickup trucks and SUVs. A new report from Bloomberg indicates that Apple is working on an autonomous electric vehicle that will launch in 2025.

Although Apple hasn't confirmed whether or not it will launch a self-driving EV by 2025, the Bloomberg report says that the technology company is fast-tracking its plans to enter the vehicle market. According to Bloomberg, Apple's vehicle engineers have explored two types…

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COMTEX_398403992/2557/2021-12-06T09:36:44

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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 173.07
+0.88 +0.51%
Volume: 80.44M
Jan. 14, 2022 4:00p
P/E Ratio
30.87
Dividend Yield
0.51%
Market Cap
$2826.99 billion
Rev. per Employee
$2.38M
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