WKHS - Apple Car developments could kickstart big auto-tech partnerships in 2021

What will Apple's (AAPL) car development program look like if the company moves forward with a dramatic move into the automobile industry? "Initially, the most likely rollout would involve several hundred Apple Cars driving in US cities for a year or two before becoming more widely available. Apple could either sell cars directly to consumers or offer a subscription-like transportation service similar to Zoox or Tesla robotaxi. It's highly unlikely Apple will build cars, and more likely they outsource manufacturing to an OEM partner," predict Loup Ventures' Gene Munster and team. As for manufacturing partners, Wedbush Securities pointed to Tesla (TSLA), Volkswagen (VWAGY), Nio (NIO) and XPeng (XPEV) as potential strategic partners for Apple. If it looks to find an OEM partner, Apple could be competing with Baidu (BIDU), Zoox (AMZN) and Waymo (GOOG) on the expectation that those companies and others will be hunting around for expanded auto partnerships.A

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Apple Car developments could kickstart big auto-tech partnerships in 2021