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Apple planning to begin car production by 2020, says Bloomberg

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Nearly a week after there were reports that Apple is secretly working on an electric vehicle, Bloomberg is reporting that the Cupertino-based company is planning to begin production of the vehicle by the year 2020. That’s an aggressive timeframe given that experienced automobile companies typically spend 5-7 years developing a car.

As per the report, Apple’s car team consists of 200+ people, which is inline with an earlier report that said hundreds of employees are working on the project. In the past couple of months, the iPhone maker has been hiring experts in technologies for batteries and robotics – recently, electric-car battery maker A123 Systems sued Apple for poaching its top engineers.

A 2020 deadline would put Apple in direct competition with Google, as well as other automakers, like Nissan, Tesla, and GM, who are also planning to launch their self-driving or next-gen electric cars in the next five years.

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