Technology

Reuters exclusively reports Apple targets self-driving car production by 2024; market reacts

Reuters reported exclusively on Monday that Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.

Market Impact

The report triggered a wave of market moves in shares of lidar manufacturers and a 2-day rally in lithium companies. Shares in Apple gained on the report, adding more than $62 billion to its market valuation.



Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Equities
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
Sign up for email updates

Subscribe
Sign up for email updates