GOEV - Apple might build an autonomous car. Who gets the call to be a partner?
Apple (AAPL +2.6%) is back front and center of the talk in the electric vehicle sector with Bloomberg reporting the tech giant is targeting a launch of a self-driving car in four years. Apple's (NASDAQ:AAPL) progress in developing a chip made up primarily of neural processors that can handle the artificial intelligence needed for autonomous driving is the driving force in pushing the Apple Car project ahead again. Previous reports indicated that Taiwan Semiconductor Manufacturing Company (TSM +3.5%) would likely make the autonomous chip for Apple. The company has also held discussions on battery options with with Contemporary Amperex Technology Co and BYD Company (OTCPK:BYDDF). The general consensus on the initiative is that Apple (AAPL) will seek out a manufacturing partner. But who? Wedbush Securities thinks Apple (AAPL) is very likely to announce a strategic partnership next year that lays out the groundwork needed to enter the autonomous vehicle space.
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Apple might build an autonomous car. Who gets the call to be a partner?