Apple (AAPL) May Reveal Key Details of Its Secretive Apple Car Project at Today’s “Spring Loaded” Event, According to a Credible Source

Apple tree Car, the iPhone manufacturer's secretive EV program, has become the discipline of a veritable frenzy as the rumor mill suggests that Apple (NASDAQ:AAPL) may reveal key aspects of its electric vehicle at the "Spring Loaded" event later today.

Comport in mind that a Korean study final week postulated that the Apple tree Motorcar would exist manufactured in collaboration with the articulation venture between LG Electronics and Magna International (NYSE:MGA) – the LG Magna due east-Powertrain. Should this collaboration materialize, it would permit Apple to better utilize its existing synergies with LG affiliates. Additionally, Apple tree would then exist able to tap into Magna's substantial manufacturing prowess. Equally a refresher, Magna already has product contracts with around 45 OEM customers, including Toyota, BMW, Honda, Hyundai, Volvo, Volkswagen (VW), and Fisker (NYSE:FSR). Recently, the visitor signed an agreement with the Israeli startup REE Automotive to build its modular skateboard platform for electric vehicles.

As far as the reported details of the Apple Car's product are concerned, a prototype is expected by 2024. Moreover, initial book is expected to be quite low every bit Apple tree evaluates the EV's prospects and its market place reception. Of course, Apple may eventually rope in other manufacturers and supply chain partners for its EV project.

On Monday, shares of Contemporary Amperex Technology Ltd. (CATL) surged among reports that Apple was because the company as a potential source for the batteries of the Apple Car. Of course, CATL already collaborates with Tesla and Volkswagen and can serve as an effective production partner for Apple tree.

This brings us to the crux of the matter. The Twitter account FXHedge just published a tweet indicating that Apple may reveal details of its Apple tree Car projection at today'southward issue:

APPLE TO Cursory Motorcar PLAN ON TODAY'S Outcome

— FXHedge (@Fxhedgers) April xx, 2021

Nonetheless, readers should notation that Wedbush Securities analyst, Daniel Ives, has taken a diametrically opposite view in an investment note published today. To wit, Mr. Ives concedes that Apple is likely to "lay the groundwork" for the Apple tree Car in the adjacent 3 to six months. Notwithstanding, the analyst does not look Apple to touch on the EV at today's "Spring Loaded" upshot. In any case, we will continue to keep a shut middle on the consequence and provide a prompt update should annihilation on this subject materialize.

Readers tin can lookout the event live here:

Source: https://wccftech.com/apple-aapl-may-reveal-key-details-of-its-secretive-apple-car-project-at-todays-spring-loaded-event-according-to-a-credible-source/

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