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

Tech

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: Tech

Type: Reuters Best

Sectors: Equities

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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