Apple should have learned a Chinese lesson on EVs

Quick Summary:

Apple's heavily-guarded, in-house EV project has been scrapped, highlighting the stark contrast in approach and outcome between the two tech giants.

As the company’s supply-chain guru since 1998, Chief Executive Officer Tim Cook moved it away from dependence on the factories in Colorado and California that made the first iMac desktop computers, and toward a sprawling network of suppliers on multiple continents.

In March, just a month after Apple told employees that its Project Titan car initiative was being shut down, Chief Executive Officer Lei Jun announced his bid to do the same thing for sports cars.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChinaNorth Korea

Topics: China Project Titan Apple car EV Apple EV project failure Apple

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 10:05:13 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1398 words

Reading Time: 8 minutes read

Sentences: 42 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23814269

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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