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Apple aims to start producing electric cars by 2020-Report

A report citing anonymous sources claims the tech giant is looking to build its first electric car within five years.

Reports last week that Apple is secretly developing an electric car triggered a frenzy of speculation in the tech and auto industries. Now, another report suggests it could only be five years before the tech giant produces its first automobile.

Apple AAPL 0.79% is reportedly targeting 2020 for production of its first electric car, according to Bloomberg, which cites anonymous sources.