Apple's stock rose 3% yesterday on Wall Street, as it closed near its all-time high.
According to Arabnet, Apple's stock topped the shares of giant technology companies' shares during the current year, after recording gains of about 85%.
This comes after the company proceeded with the development of self-driving cars and its endeavor to start producing cars with high-tech battery technology in 2024.
And Reuters revealed earlier that Apple is moving forward in the technology of self-driving cars through the Project Titan, and is targeting 2024 to produce its electric cars that could include Own battery technology.
Apple began its efforts in this area in 2014 by designing its own car from scratch, but at some point backed away from efforts to focus on programs and reassessed its goals. / p>
Doug Field returned to oversee the project in 2018 and laid off 190 people from the team in 2019.
Since then, Apple has made enough progress that it is now aiming to build a car for consumers.
Apple's goal of building its own personal electric cars contrasts with competitors such as Waymo.
Central to Apple's strategy is the design of a new battery that can drastically reduce the cost of batteries and increase the range of driving.Building a vehicle is a challenge for the supply chain even for Apple, which makes hundreds of millions of electronic products every year with parts from all over the world, but has never built a car.
It took Tesla electric vehicles 17 years to achieve sustainable automobile profits.
It is unclear which company may collect the car that carries the Apple brand, and the sources said: It expects the company to rely on a manufacturing partner to build the vehicles .
Apple may decide at any time to reduce the scope of its efforts to an autonomous driving system that integrates with a car made by traditional car manufacturers, instead of selling a car with its own brand.
Apple decided to take advantage of external partners for system elements, such as the Lidar sensors, that help autonomous cars obtain a three-dimensional view of the road.
Apple's car may include several Lidar sensors to scan different distances, and some of the sensors can be drawn from the internally developed Lidar units included in this year's iPhone 12 Pro and iPad Pro. / p>
For the car battery, Apple plans to use the unique single-cell design that increases the size of individual cells in the battery and saves interior space by eliminating the units that contain Material...