IFTNews Automotive News: According to reports, Apple ( Nasdaq stock code: AAPL) is expected to start producing Apple Cars in 2024. There are rumors that Apple has already begun to visit Asian suppliers and automakers. The report further pointed out that the company is currently negotiating with Japanese automaker Toyota and Korean electronics brand LG . In addition, there are rumors that Apple has met with the South Korean conglomerate SK Group in various fields. This meeting may also help realize the plan based on the introduction of Apple Car in 2024.
Currently, this technology company is exploring autonomous driving technology. Apple first started working on automotive-related projects in 2014 and has since undergone several management changes. So far, Apple has a self-driving Apple Car prototype, which has driven 18,805 miles this year.
According to reports, two different collisions involving Apple Car occurred last month. The two incidents occurred in San Diego and Cupertino in California. The important thing is that neither the self-driving car nor the operator is at fault.
Battery supply may be an important turning point for Apple cars. The technology giant hopes to produce batteries for self-driving cars on its own, rather than outsourcing them. Apple hopes to manufacture these batteries in the United States, rather than manufacturing them from suppliers in other countries. According to reports, the technology company may use one of its largest suppliers, Foxconn, as the manufacturer of the aforementioned batteries. In addition to Foxconn, another company called Advanced Lithium Electrochemistry also plans to establish a battery manufacturing plant in the United States.
Most of Apple's products have assembly plants in China.However, the company still outsources the supply of some production line components to all parts of the world. For example, the iPhone uses glass provided by Corning Glass Company in Kentucky. Nonetheless, Japanese suppliers provide parts and components to make mobile phone cameras.
At the same time, Apple stock is currently changing hands before the market at a price of approximately US$154.20 (+0.36%). Apple is the largest contributor to 's Warren Buffett 's $5.21 billion in earnings this week. Following closely behind are the shares of Coca-Cola and Moody's .
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