Published 5 months ago

Apple Cancels Work on Electric Car, Shifts Team to Generative AI

Apple has reportedly cancelled its electric vehicle project, impacting around two thousand employees.
The decision follows high interest rates affecting demand for electric vehicles and signals a shift towards artificial intelligence projects.
Industry reactions include Elon Musk expressing relief on social media, indicating the end of a potential competitive threat.

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BBC News

Apple unplugs self-driving electric car project, reports say

The firm never acknowledged the project publicly but had recruited about two thousands workers.

5 months ago·United Kingdom

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The Guardian

Apple reportedly scraps multi-billion plan to build electric car

Reports say tech giant made announcement during meeting and forecast layoffs, ending secretive and resource-heavy project

5 months ago·London, United Kingdom

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NDTV

Apple Shuts Down Electric Car Project A Decade After It Began

Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project. Shares of the company were up 0.7% in afternoon trading, having pared some losses from earlier in the trading day. Several employees working on the electric car project will be shifted to the firm's artificial intelligence (AI) division, according to Bloomberg News, which first reported t…

5 months ago·New Delhi, India

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CNN

Apple cancels work on an electric car, reports say

Apple has abandoned decade-long efforts to build an electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry.

5 months ago·Atlanta, United States

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Sydney Morning Herald

Apple abandons one of its most ambitious projects ever

Apple is abandoning one of the most ambitious projects in the history of the company after a decade of planning.

5 months ago·Sydney, Australia

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NZ Herald

Apple steers away from ambitious electric car project

The dream of owning a self-driving electric car made by Apple may be over after reports the tech giant is steering away from the ambitious project. The US...

5 months ago·Auckland, New Zealand

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