This year’s job postings, the hiring of new executives by Apple and alleged talks with Hyundai have renewed expectations about the future of the Apple car, after the time into oblivion. But after seven years of rumors, including test drives in California, nothing seems certain with Apple’s self-driving project.
However, in the midst of the puzzling storyline, the rumors keep coming. This time, a report from investment bank Wedbush, shared by Apple Insider ensures that Apple would announce its partner for the manufacture of the Apple Car very soon.
Wedbush Analysts Expect Apple to Announce Electric Vehicle Partnership for “Apple Car” in H1 2021, and VW or Hyundai would be the top two choices.
Apple to announce partner Apple Car in the coming months
In his note, analyst Daniel Ives explains how Apple-designed electric vehicle could disrupt the market if Apple teams up with an existing automakerWe think it’s Hyundai or Volkswagen.
“While the timing of an EV partnership with brands such as Hyundai or another automaker remains a key focus for the street and electric vehicle industry in the coming months, we attribute an 85% + chance that Apple announces a collaborative partnership for electric vehicles in the next 3 months. 6 months “
The analyst points out that Tesla remains the heavyweight champion of the electric vehicle industry, but he says the whole market is going into an uptrend.
“Looking back, the electric vehicle industry is entering a golden era, as we believe that broader trends in consumer demand, innovative battery technology, regulatory incentives / tax credits for electric vehicles across the world and the most stylish and affordable models are creating a demand storm. . for the sector “
“Simply put, Apple with the right partner (Hyundai and VW Top 2 options) would be a major force in the electric vehicle industry and could disrupt the market share of companies like Tesla, GM, Ford if the company could put the Apple car on the road. by 2024
The analyst notes that while Apple only held 5-10% of the industry, the “Apple Car” could represent another pillar of growth for the company.
Even now, when everything seems ready for Apple to continue with Project Titan, there is no security on the movements of the company, nor any apparent reason for making such an announcement.
Just a few days ago, new rumors indicated that Apple and Hyundai have stopped trading for the Apple car, one of the most desirable partnership options according to Wedbush analysts’ statements.