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Apple Is In Talk With Chinese Manufacturers For Setting Up An EV Battery Factory In The US

A report published on Reuters revealed that the technology giant Apple is in talks with two Chinese companies to set up a battery factory in the United States. The two companies involved are CATL (Contemporary Amperex Technology) and BYD (China Electric Vehicle Manufacturer). Reuters quoted multiple informed sources.rnrnOne of the conditions Apple has placed on these companies is that they build a battery factory in the United States. This news was also confirmed by Jared Bernstein, a senior economic adviser to the White House.rnrnApple Apple was in talks with LG and Magna to build an electric powertrainrnrnDetails about Apple's electric car are scarce, but the tech giant is said to want to own a vehicle in the electric car space for years to come. Last we heard, Apple was in talks with LG and Magna to build an electric powertrain in Canada.rnrnAs far as CATL is concerned, they are also a supplier of batteries to Tesla. However, he is said to be reluctant to set up a plant in the United States due to escalating political tensions between the United States and China.rnrnRead More: Best Electric Scooters In India 2021
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