In different phrases, the Apple Automotive may land within the EV market simply on the proper time, thus changing into a robust different to the likes of Tesla, GM, and Ford.
The analyst says Apple’s autonomous EV automotive may “disrupt market share” from these corporations, however provided that the Apple Automotive isn’t late to the occasion.
Rumor has it Apple was in superior talks with Hyundai over the manufacturing of the Apple Automotive, solely that the negotiations failed to succeed in a conclusion after the South Koreans spilled the beans on the mission. Hyundai briefly confirmed it was discussing with Apple on the manufacturing of an EV, and this didn’t sit properly with the management crew on the iPhone maker.
Because the talks had been dropped, Apple thought-about a number of different choices, and folks with data of the matter mentioned the corporate additionally reached out to Nissan, solely that discussions with the Japanese agency had been deserted shortly attributable to divisions over branding.
Nissan is afraid of changing into the “Foxconn of automakers,” as the corporate desires to stay a real automaker and keep away from turning into the builder of different widespread automotive fashions available on the market. Foxconn is presently the most important maker of smartphones, proper now serving as the highest Apple accomplice for the manufacturing of the iPhone.