AAPL
Apple Car developments could kickstart big auto-tech partnerships in 2021
- What will Apple's (NASDAQ:AAPL) car development program look like if
the company moves forward with a dramatic move into the automobile
industry?
- "Initially, the most likely rollout would involve several hundred
Apple Cars driving in US cities for a year or two before becoming more
widely available. Apple could either sell cars directly to consumers or
offer a subscription-like transportation service similar to Zoox or Tesla
robotaxi. It's highly unlikely Apple will build cars, and more likely
they
outsource manufacturing to an OEM partner," predict Loup Ventures' Gene
Munster and team.
- As for manufacturing partners, Wedbush Securities pointed to Tesla
(NASDAQ:TSLA), Volkswagen (OTCPK:VWAGY), Nio (NYSE:NIO) and XPeng (NYSE:
XPEV) as potential strategic partners for Apple. If it looks to find an
OEM partner, Apple could be competing with Baidu (NASDAQ:BIDU), Zoox
(NASDAQ:AMZN) and Waymo (NASDAQ:GOOG) on the expectation that those
companies and others will be hunting around for expanded auto
partnerships.
- A major investing theme in 2021 may be how tech-auto partnerships
shake out for commercial and retail vehicles, and the implications for
upstarts like Fisker (NYSE:FSR), Lordstown Motors (NASDAQ:RIDE),
GreenPower Motors (NASDAQ:GP), Ayro (NASDAQ:AYRO), Workhorse Group
(NASDAQ:WKHS) and others.
- With Apple several years away from having a car on the roads, Seeking
Alpha author D.M. Martins Research warns to be careful with irrational
exuberance on the Apple Car, grounding its bullish Apple thesis instead
on the 5G cycle and AAPL's expanded services portfolio. For investors,
the most juicy Apple Car trades so far have been in Lidar names.
|Today, 10:22 AM|108 Comments
Apple Car developments could kickstart big auto-tech partnerships in 2021
- What will Apple's (NASDAQ:AAPL) car development program look like if
the company moves forward with a dramatic move into the automobile
industry?
- "Initially, the most likely rollout would involve several hundred
Apple Cars driving in US cities for a year or two before becoming more
widely available. Apple could either sell cars directly to consumers or
offer a subscription-like transportation service similar to Zoox or Tesla
robotaxi. It's highly unlikely Apple will build cars, and more likely
they
outsource manufacturing to an OEM partner," predict Loup Ventures' Gene
Munster and team.
- As for manufacturing partners, Wedbush Securities pointed to Tesla
(NASDAQ:TSLA), Volkswagen (OTCPK:VWAGY), Nio (NYSE:NIO) and XPeng (NYSE:
XPEV) as potential strategic partners for Apple. If it looks to find an
OEM partner, Apple could be competing with Baidu (NASDAQ:BIDU), Zoox
(NASDAQ:AMZN) and Waymo (NASDAQ:GOOG) on the expectation that those
companies and others will be hunting around for expanded auto
partnerships.
- A major investing theme in 2021 may be how tech-auto partnerships
shake out for commercial and retail vehicles, and the implications for
upstarts like Fisker (NYSE:FSR), Lordstown Motors (NASDAQ:RIDE),
GreenPower Motors (NASDAQ:GP), Ayro (NASDAQ:AYRO), Workhorse Group
(NASDAQ:WKHS) and others.
- With Apple several years away from having a car on the roads, Seeking
Alpha author D.M. Martins Research warns to be careful with irrational
exuberance on the Apple Car, grounding its bullish Apple thesis instead
on the 5G cycle and AAPL's expanded services portfolio. For investors,
the most juicy Apple Car trades so far have been in Lidar names.
|Today, 10:22 AM|108 Comments
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