Reuters reported exclusively that Apple Inc is in early-stage talks with China’s CATL and BYD about the supply of batteries for its planned electric vehicle. Apple has made building manufacturing facilities in the United States a condition for potential battery suppliers. The discussions come at a time when the U.S. government is looking to attract more EV manufacturing. Biden’s proposed $1.7 trillion infrastructure plan includes a $174 billion budget to boost the domestic EV market with tax credits and grants for battery manufacturers, among other incentives.
Automotive
Reuters exclusively reports Apple, Chinese manufacturers in talks on U.S. car battery factory
08 June 2021, 2:00 pm 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story