Apple Terminates Billion-Dollar Electric Vehicle Project, Employees Shift to AI Team
Apple has terminated its billion-dollar electric vehicle project, with some employees transitioning to the AI team. Apple backs away from the electric vehicle project as its stock price continues to rebound. Employees from the Apple car team will move to the artificial intelligence department. The Apple car project, originating from the 'Titan' project in 2014, has seen its release date pushed back to 2028 and the team has been disbanded. Apple opts out of the automotive industry while Tesla sees a 38% year-on-year increase in deliveries and new Chinese car manufacturers expand their market presence. Xiaomi's car is set to be launched, and Apple's future remains uncertain.
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