Apple Cancels Work on Electric Car, Ending Decadelong Effort
Apple Inc. is canceling a decadelong effort to build an electric car,
according to people with knowledge of the matter, abandoning one of
the most ambitious projects in the history of the company.
Apple made the disclosure internally Tuesday, surprising the nearly
2,000 employees working on the project, said the people, who asked not
to be identified because the announcement wasn't public. The decision
was shared by Chief Operating Officer Jeff Williams and Kevin Lynch, a
vice president in charge of the effort, according to the people.
https://www.bloomberg.com/news/articles/2024-02-27/apple-cancels-work-on-electric-car-shifts-team-to-generative-ai
Competition is onboard now...vehicle prices will decrease in time, so
the profit margins decrease.
In Europe
BYD launches new Dolphin EV starting under $14K as price war with ICE
cars heats up
https://electrek.co/2024/02/23/byd-launches-new-dolphin-ev-14k-price-war/
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