Investing.com investing.com 21 Dec, 2020 22:15 am

Apple targets car production by 2024 and eyes 'next level' battery technology By Reuters

Apple targets car production by 2024 and eyes 'next level' battery technology By Reuters
Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology

But at the same time, it's not a cellphone," said a person who worked on Project Titan.Apple's car might feature multiple lidar sensors for scanning different distances, another person said.Some sensors could be derived from Apple's internally developed lidar units, that person said.Apple is also examining a chemistry for the battery called LFP, or lithium iron phosphate, the person said, which is inherently less likely to overheat and is thus safer than other types of lithium-ion batteries.

”It’s next level," the person said of Apple's battery technology."In order to have a viable assembly plant, you need 100,000 vehicles annually, with more volume to come," the person said.

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