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The Apple Car, codenamed “Project Titan,” had been in development for quite some time, and after failing to acquire Tesla back in 2013 for roughly $240 per share, the company has recently continued development. Craig Irwin, a senior research analyst at Roth Capital Partners, states that Apple is currently building “multiple very large drive rooms in California” for research and development purposes, while also allegedly working on “something interesting and exciting on the battery side.” Read more for another picture and additional information.
“Apple’s Project Titan hasn’t had the smoothest ride over the last few years. The project has seen a handful of layoffs as part of continued “restructuring.” But, as Irwin notes, it appears to be far from dead. While we don’t know when an Apple Car will hit the market, well-connected analyst Ming-Chi Kuo has predicted that it could be between 2023 and 2025,” reports iDropNews.