Apple Targets To Electric Car Production By 2024

bmw, i8, electric car

The world’s most successful tech giant Apple takes the to decision make a new generation electric car. We have news from many tech sites apple the car release will be 2024. Rumors speculate that it will be a fully-featured self-driving electric vehicle that will compete with Tesla and other vehicle-making organizations. The vehicle Apple includes ally types of the latest technology. Apple could partner with a popular manufacturer like Hyundai or BMW or seek similar options. Many tech writers say the car’s name should be I Car. In the article, we try to describe many points of Apple cars.

In December 2020. everyone learn apple is working for make a new electric car, and wright now, plans to release a vehicle in three to six years.

A report from Korea claims that the Apple-Hyundai partnership for the Apple Car might still be in the cards, despite Hyundai’s recent denials. Apple and Hyundai affiliate Kia have reportedly signed a memorandum of understanding last year, agreeing on cooperating in eight sectors, including electric vehicles. Previous reports said a few weeks ago that Hyundai and Kia might mass-produce the Apple Car, with Apple developing the hardware and software for the driverless electric vehicle.

The Apple Car is the unreleased Apple product that made the most waves so far this year when it comes to rumors and leaks. It started late last year when a Reuters story said that Apple aims to launch its first driverless electric vehicle in 2024. The report claimed that while Apple is developing proprietary technologies for key aspects of the Apple Car, including the battery and the self-driving software, it wasn’t clear how Apple would produce the vehicle. Apple could try to create its own production lines, which would be a more laborious route, or partner with an established carmaker.


Reports in the weeks that followed highlighted Hyundai as the likely partner for the project. Hyundai confirmed the deal in initial comments, only to deny any negotiations with Apple later. Hyundai affiliate Kia was also featured in the stories that followed, which said that Apple would make the Apple Car at a Kia facility in the US. Apple would make a considerable investment so that Kia could develop a production line dedicated to the Apple Car.

These rumors supposedly angered Apple, and the company backed away from the Hyundai-Kia deal, exploring other opportunities. But the Hyundai partnership isn’t exactly off the table.

A South Korea report on Friday said there was potential for Kia to ink a deal with Apple. Per Reuters, Kia stock rose by 8.1%. Previous Apple Car rumors have also sent Hyundai and Kia shares up.

According to Chosun Biz, Apple and Kia had already signed a memorandum of understanding last year. They supposedly agreed to work together in eight sectors, including electric vehicles. The report said that negotiations on electric cars had not been completely canceled.

“Even if the negotiations on electric vehicles fail, there are many items that can be negotiated in other fields, so we are still optimistic about the possibility of partnership between the two sides,” a person familiar with the negotiations between Hyundai and Apple told Chosun.

One other area of interest for Apple and Kia is the “last mile” mobility or the transport that would complete the final short distance to the destination after using a different transportation option. It’s unclear what that means at this time.

Previous reports said that Apple’s first car will be a driverless vehicle that would primarily target taxi-like services. None of this has been confirmed so far, as Apple keeps a tight lid on the products it’s developing. Today’s Top Deal Sleek black KN95 masks that Amazon shoppers are obsessed with just hit the lowest price ever!

white and black car parked
Photo by Burak K on

Scrappy Electric Carmakers Upend Pecking Order In Auto Industry

TOKYO — The accelerating trend to e-mobility will lead to a paradigm shift in the global car market that could radically change the landscape for the industry.

Tesla has emerged as the early leader in the high-stakes electric vehicle race, topping the list of EV manufacturers. No Japanese manufacturer is among the top 10.

Apple is developing its own electric vehicle, while many scrappy newcomers are charging into the market in both the U.S. And China. Japanese players are struggling to keep up with the shift, which is expected to add 150 trillion yen ($1.4 trillion) in new value to the industry.

Fully electric cars are far simpler in structure than gas-powered cars and require fewer parts. Electric vehicles do not need multispeed transmissions, radiators, fuel injectors or gas tanks, to name just a few differences.

Future cars, which will be more connected, autonomous, shared and electric — the combination of key features known as CASE — will be armed with artificial intelligence and state-of-the-art information technologies.

Unsurprisingly, a bevy of information technology giants is seeking to stride into the market. Apple is not the only one. In China, IT powerhouses and automakers are working together in developing smart electric vehicles. Alibaba Group Holding has set up a joint venture with SAIC Motor, the country’s largest car company, and Shanghai Zhangjiang Hi-Tech Park Development, an investment arm of the city government.

Ride-sharing company Didi Chuxing has launched a pure electric sedan with BYD, China’s largest EV producer, while Baidu, best known for its internet search engine, has teamed up with Zhejiang Geely Holding Group, China’s largest private automotive group, in a foray into the market. Smartphone maker Xiaomi has announced it is also weighing an entry into the race.

Sony has unveiled a prototype electric car, the Vision-S, which packs an array of technologies, even though the company has not announced any plan to enter the market. The sedan, which uses parts and technologies supplied by many international partners as well as Sony’s own, was manufactured by Magna Steyr, an Austrian automobile contract manufacturer, and others. Sony has already started public road testing of the prototype.

Japanese oil company Idemitsu Kosan has partnered with race-car manufacturer Tajima Motor to develop a low-priced, ultracompact electric vehicle designed mainly for near-distance transport.

The market is already crowded with brand-new startups in addition to companies with solid track records like Tesla and Karma Automotive. Capitalizing on a growing flow of investment funds from the booming stock market, some are making aggressive strategic moves like purchasing plants and other infrastructure from General Motors and other established auto giants.

China has become the world’s largest EV market, with over 1.3 million units sold in 2020. The Chinese EV market is also swarming with startups, three of which — Nio, Xpeng and Li Auto — have gone public in the U.S., raising a billion to several billion dollars.

two white and red tesla charging station
Photo by Chad Russell on

The popularity of electric vehicles is surging in China due in large part to the government’s policy of promoting “new energy vehicles,” such as all-electric vehicles and plug-in hybrids. In urban areas, it is becoming increasingly difficult to obtain a license plate for a new car unless it is a new energy vehicle.

In the current global auto market, Japanese makers have a huge presence. Of the 10 largest auto groups in terms of global unit sales in 2019, three were Japanese, including the Renault-Nissan-Mitsubishi alliance. In 2020, the Toyota Motor group, which includes Subaru, likely topped the list with global sales of 10.4 million vehicles.

But the Japanese presence is slim in the rapidly expanding EV landscape. In 2020 Tesla was by far the largest worldwide seller of electric vehicles, including plug-in hybrids, followed by Volkswagen, which rolled out its strategic EV model ID.3 during the year. U.S., European and Chinese makers occupied all of the top 10 slots on the list of the bestselling EV brands, with no Japanese name found.

As most major countries have announced policy incentives to promote green cars, the market for electrified vehicles such as all-electric, hybrid and fuel-cell vehicles is bound to keep ballooning in the coming years.


Vehicles that use one or more electric motors for propulsion will account for 58% of global car production in 2030, up from 8% in 2019, according to a forecast by the Japanese unit of U.S. Consulting firm Arthur D. Little (ADL). The share of pure electric vehicles will grow to 14%, while the output of gasoline- and diesel-powered vehicles will shrivel.

Despite the wholesale shift to electric vehicles, sales of hybrid vehicles will also keep growing because the life-cycle environmental impacts of EVs differ from country to country, depending on each nation’s mix of power sources.

By value chain, new services like car sharing and mobility services will produce 60 trillion yen of additional value, while new components such as batteries, motors, semiconductor devices and sensors will add 31 trillion yen. Research and development will generate 30 trillion yen in new value.

In contrast, the total value of assembly and sales will grow only marginally. In other words, the future of automakers will hinge on whether they can develop competitive new materials and parts and offer innovative services. It is often said that this paradigm shift in the auto industry will expand the horizontal division of labor in parts production and lower their prices.

To test this theory, Nikkei, with the help of MarkLines, a Tokyo-based company that carries out teardowns of finished cars for cost and other analyses, has analyzed the cost structure of electric vehicles and compared it with that of gas-powered cars.

The total component cost of a typical midsize gas-powered car selling for around 2 million yen is about 1.2 million yen. But the component cost of a midsize electric vehicle is 1.94 million, with the battery accounting for about 900,000 yen — nearly half of the total.

Don’t Miss: Asian Top 10 Richest person and their net worth

“Since batteries for EVs are far costlier than gasoline engines, EV prices will remain much higher than those of gas-powered cars even if their sales grow,” predicted Masatoshi Yoshikawa, an executive officer at MarkLines.

The costs of the body and the interior, which are basically common to all types of cars, are around 750,000 yen. Parts and materials used only for EVs, such as batteries and inverters, cost nearly three times more than components used only in gasoline cars, including engines.

The market for batteries and electric motors used in EVs will likely soar ninefold in the next 10 years or so, while that for sensors used for autonomous driving will surge 170%. But global production of engines and bodies is expected to remain mostly flat.

As sales of EVs increase to dominate the overall auto market, demand for engines and related parts will evaporate.

Chinese and South Korean makers like Contemporary Amperex Technology, better known as CATL, and LG Chem are ramping up their presence in the crucial and lucrative market for EV batteries.

Developing and manufacturing EV batteries requires tens of billions of yen in investment, which means only companies with huge financial muscle can enter the market, where price competition is fierce.

Among Japanese makers, Panasonic, which supplies batteries to Tesla, has managed to establish itself as a player to reckon with by maintaining the No. 3 position.

But Japanese battery makers are in danger of being locked out by foreign rivals. CATL plans to expand its production capacity by five times in the next five years.

This paradigm shift is posing a life-threatening challenge to Japanese carmakers, which for decades have been cranking out competitive vehicles through vertically integrated supply chains known as “keiretsu,” usually close-knit webs of companies linked by equity ties, investments and other business relationships.

Don’t Miss: First time Made in Bangladesh carThe New Saga

But the trend toward electrification will relentlessly accelerate horizontal partnerships among carmakers and suppliers of parts, software and other elements needed to make green cars.

Riding on the wave are some major suppliers and contract manufacturers that provide products and services to automakers across the world, such as Canada’s Magna International, a mobility technology company for automakers, and Germany’s Bosch and Continental.

This radical structural change in car manufacturing will steadily erode the competitive edge of Japanese carmakers, putting strong pressure on them to reinvent their business strategies and models for their long-term viability.

While the biggest driving force behind this shift to electric vehicles is the need to reduce carbon dioxide emissions, there are some caveats about the environmental benefits of electric vehicles. Unless carbon emissions are curbed at power plants, the source of energy for EVs, the vehicles will not do much to help countries build a carbon-free future.

Akio Toyoda, Toyota Motor CEO and head of the Japan Automobile Manufacturers Association, said the goal is hard to achieve without a “radical reform of the government’s energy policy.” He pointed out the need for policy debate on such issues as the power generation methods used by utilities and the infrastructure for charging batteries.

Kia Apple Car Rumor Has Now Morphed Into Talk Of An Electric Scooter

The Hyundai/Kia Apple Car rumor was once presented as if it were almost a done deal, before later being dismissed – but a Korean report today says some kind of deal is not entirely off the table.

Analysts said the wording of Hyundai’s statement earlier this month, that it was not in discussions with Apple about developing “autonomous vehicles”, had left open possibilities of cooperation in other fields.

“The media report on Kia-Apple cooperation does not negate Hyundai’s statement earlier this month, since the statement was limited to a certain item,” said Kevin Yoo, an analyst at eBEST Investment & Securities.

The reference to last-mile mobility seems likely to relate to Kia’s electric scooter. The firm has concepts for embedding this into a slot in a car so that it is always charged and ready for use for completing a journey after parking the car. You can see this in the video below.

Hyundai first showed a finished prototype of the scooter at CES back in 2017, then went quiet on it before providing more details in 2019.

The small electric scooter folds up into something the size of a briefcase and mounts onto a Hyundai or Kia vehicle. According to the company, it is charged from electricity generated while driving. That’s presumably electricity generated while braking via regenerative braking, though the company is light on detailed tech specs.

As Hyundai describes the lightweight scooter: “Weighing around 7.7 kg (17 lb), the scooter is highly portable, while its unique and compact tri-folding design means it is lighter and more compact than any other similar product. Enhancing its usability further, it features a digital display that shows battery status and speed; while, for nighttime riding, the new scooter is equipped with two stylishly curved fronts LED headlights and two rear tail lamps.”

The Hyundai electric scooter features a rear wheel hub motor and is designed to travel at speeds up to 20 km/h (12 mph).

How much price Apple car?

The team suggested that the I Car is like to have a price tag of around $55000, which translate to around 36000 Euro. That can make the price the same as Tesla S Model electric car, which could give the fruit-shaped company a much-needed advantage in the electric car industry.

Tesla owner Elon Musk already release many type of Electirc car in market. Which are very affordable and carbon free.

Leave a Comment

Your email address will not be published. Required fields are marked *