Apple speeds up Electric-Car Work

September 21, 2015 23:31

Apple has put more weight behind its electric car efforts and has set a target shipment date of 2019, The Wall Street Journal reported Monday, citing sources.

The tech giant has called the car initiative, named "Titan" within the company, a "committed project" and has met with California officials in determining the feasibility of an Apple car, according to the report. The outlet reports the employees spearheading the 600-person project have been given permission to triple number of people working on it.

It marks the latest in a string of reports suggesting Apple could look to compete in the automotive industry. The Journal said the 2019 target date is far from concrete, as the company would still need to refine features and clear regulatory and production barriers.

Apple did not immediately respond to a request to comment.

Apple shares were trading more than 1 percent higher Monday afternoon.

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