A Reuters report last week stated that Apple cars will go into production in 2024 and will use ‘more advanced’ battery technology. However, Ming-Chi Kuo pointed out in his latest report that Apple cars are unlikely to hit the market before 2025 to 2027. According to the analyst, this is already the best-case scenario.
In the latest report, Ming-Chi Kuo believes that “the market is too optimistic about Apple Car.” He pointed out in his latest report that the Apple Car has three major uncertainties: 1. the uncertainty of the launch schedule. 2. The uncertainty of the supplier and specification. 3. Apple’s competitiveness in the EV/self-driving market is uncertain. Because of these three uncertainties, Ming-Chi Kuo does not recommend that everyone buy Apple Car-related concept stocks at this time.
The analyst had previously predicted that the Apple Car would be released between 2023 and 2025. However, according to their latest survey, the current development timeline for the Apple Car remains unclear. Even if development starts this year and progresses smoothly, it would not be available until at the earliest 2025-2027. But given the rapid changes in the electric vehicle market and Apple’s high standards, the launch of Apple cars may be delayed to 2028 or even later.
Ming-Chi Kuo said that the Apple Car will be launched in 2025-2027, and the supplier/specification will not have a preliminary decision until 2023-2025 at the earliest. The so-called Apple Car concept stocks are the only market speculation, not the real Apple Car suppliers. Therefore, it is too early to talk about the final specifications of the Apple Car at this stage.
Finally, Ming-Chi Kuo pointed out that Apple’s competitiveness in the electric vehicle/self-driving car market also faces many uncertainties. In his latest report, he stated that although there is much speculation about the potential hardware specifications of an Apple car, we believe the key to its success lies not in the hardware but in big data/AI. Apple has not yet demonstrated significant competitive advantages in big data/AI across its existing products.