Apple shutting down its electric car project

Apple is shutting down its decade-long secret project to build an electric car, known as Project Titan. The company faced challenges with self-driving technology and profitability, ultimately deciding to shift focus to artificial intelligence. This move will impact the electric vehicle industry, giving a boost to Tesla and raising concerns about competition from Chinese-made EVs in the U.S.

Apple's Abandoned Self-Driving Electric Vehicle Project

Apple's secret project to develop a self-driving electric vehicle has been abandoned after a decade of work with little return on investment. The project involved around two thousand people and was part of the company's attempt to diversify beyond the iPhone. Other car manufacturers like Tesla and Rivian have also faced challenges in the EV market.