Apple Cancels Work on Electric Car, Shifts Team to Generative AI
Feb 27, 2024 - bloomberg.com
Apple Inc. has decided to abandon its decade-long project to build an electric car, according to internal sources. The unexpected announcement surprised nearly 2,000 employees who were working on the project, which was one of the most ambitious in the company's history.
The decision to cancel the project was shared by Chief Operating Officer Jeff Williams and Kevin Lynch, a vice president in charge of the effort. The sources asked to remain anonymous as the announcement was not made public.
Key takeaways:
Apple Inc. is canceling its decade-long project to build an electric car.
The decision was disclosed internally, surprising nearly 2,000 employees who were working on the project.
The employees were not identified as the announcement was not public.
The decision to cancel the project was shared by Chief Operating Officer Jeff Williams and Kevin Lynch, a vice president in charge of the effort.
