NY Times: Apple and Lit Motors are in talks about "potential acquisition"

NY Times: Apple and Lit Motors are in talks about "potential acquisition"

NY Times: Apple and Lit Motors are in talks about "potential acquisition"

In a Wednesday report, The New York Times said that tech giant Apple is in discussions with Lit Motors Corp. about a "potential acquisition." Lit Motors is a manufacturer of two-wheeled electric vehicles, based in San Francisco.

According to the NY Times report, based on the information shared by three unidentified sources, a number of former Lit Motors' engineers have already been hired by Apple. However, Apple's interest in the potential acquisition of Lit Motors is still not clear.

Lit Motors is presently developing the C-1 motorcycle which boasts the cabin of a car, and comes with a horde of noteworthy features like air conditioning, airbags, and a sound system. The trademark feature of the C-1, however, is its self-balancing mechanism, which gives the motorcycle the ability to be driven like a car.

Apple probably wants to acquire Lit Motors to incorporate the C-1 technology in its secretive, much-rumored 'Apple Car,' to differentiate its car from other vehicles currently available on the market.

Another speculation about Apple's interest in acquiring Lit Motors is that Apple is possibly mulling only an "acqui-hire" of the electric motorcycle maker, so that it can fill workforce gaps by picking up the remaining employees at Lit Motors.