Apple is certainly not messing around when it comes to growing its market share in the automobile market.
In a bid to build and produce its own car, the iPhone maker has forced a promising automotive startup to shutter its operations after it has aggressively recruited its top engineering talent. Citing sources close to the situation, Reuters reported that Mission Motors, who has produced sleek electric bikes that drew comparisons to Tesla’s own electric vehicles, closed shop in May this year.
It has been believed that Apple is working on an electric automobile project following its recruitment of several auto experts, mostly talent from industry leaders like Mercedez Benz and Ford. Although Apple has not openly acknowledged the project, the company’s efforts have forced Mission Motors to finally shut its doors by last fall, sources have said.
Apple Insider said that Mission Motors’ remaining assets, which are now owned by Infield Capital, are being sold off. The electric motorcycle Mission intends to deliver to customers have never been shipped, the site added.


Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
Samsung Q2 Profit Hits Record on AI Memory Boom as Shares Tumble
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report
Super Micro Employees Detained in Taiwan AI Server Export Investigation
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says
AI can be a personal trainer in your pocket – but is it safe?
LG Energy Solution Q2 Profit Plunges 77% Despite Revenue Growth on Weak EV Demand
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 



