Apple may announce “some information” on its rumored self-driving electric vehicle by summer, according to Wedbush analyst Dan Ives, who spoke live during a CNBC segment on Tuesday.
According to Ives, Apple may begin to reveal new details and start “laying the groundwork” for the autonomous Apple Car in the coming months, with the vehicle expected to hit the roads in 2024 after an official announcement revealing details at least two years in advance.
Reports have ramped up over the past couple of months over “Project Titan,” Apple’s codename for the top-secret project. The vehicle is said to feature a “next level” battery to achieve increased range and superior levels of charge. Over recent years, Apple has been hiring many executives and former engineers from rivals, including Tesla, to work on putting the Apple Car on the road, with it said that ex-Apple design chief Jony Ive was working on designs for Apple’s long-rumored self-driving automobile before leaving the company in 2019.
It is understood that Apple is yet to finalize a manufacturing partner to produce the vehicle, with talks between Hyundai Motor and its subsidiary Kia Motors said to have fallen through after the firm confirmed it was in talks with Apple earlier this year.