OIL CAPS: News briefs from the week
Apple has pulled the plug on its ambitious “Project Titan”, the company’s long-rumoured entry into electric vehicle (EV) development. This move, reported by Bloomberg, signals the end of a significant yet tumultuous chapter in Apple’s explorative ventures outside its core technology. Project Titan comprised a team of approximately 2000 but is now a part of history, with many of its members transitioning to AI projects. The internal announcement, made by Apple’s COO Jeff Williams and VP Kevin Lynch, also hinted at lay-offs. The project’s journey was never smooth sailing. From its inception in 2015,
Apple faced numerous challenges, including high turnover, shifting plans, and scepticism.
The Geneva Motor Show witnessed the unveiling of the Renault 5 E-Tech Electric, a throwback to the 1972 classic, now reimagined as a fully electric vehicle (EV). Priced around NZ$44k, this French subcompact hatchback is setting its sights on becoming a top contender in Europe’s affordable EV market. Mirroring the 2021 concept car, the R5 E-Tech Electric retains the iconic silhouette and style of its predecessor. However, it features modern adaptations like refined lighting, thicker pillars, and standard door mirrors and handles. The LED headlights, inspired by a vintage Renault ad, offer a “humanised interface” by blinking in the welcome sequence.
After months of teasers and public sightings, BYD has officially launched the Yangwang U9 electric supercar. This high-performance EV aims to challenge the dominance of traditional exotic car manufacturers such as Ferrari and Lamborghini. Launched in China around NZ$383k, the Yangwang U9 boasts 0-100km/h acceleration of 2.36 seconds. Having initially focused on producing affordable electric models, BYD is now expanding its horizons. The introduction of the Yangwang ultra-luxury brand last year marked a new era. Its first vehicle, the U8 Premium Edition hybrid SUV, rivals luxury models like the Land Rover Defender with 900kW powertrain and advanced features like water flotation.