Apple (AAPL) is talking with Chinese companies CATL and BYD about setting up an electric vehicle battery factory in the U.S., according to a Reuters report citing confidential sources. The factory would supply batteries for Apple’s planned electric vehicle (EV). The discussions are still in the early stage and it is not clear if the parties will agree. CATL, which supplies Tesla (TSLA), is expanding its battery manufacturing capacity and has plans for a new battery plant in Shanghai, near Tesla’s manufacturing facility. Apple has not yet publicly revealed its EV project.
https://www.tipranks.com/news/apple-in-talks-with-chinese-manufacturers-over-u-s-ev-battery-plant-report
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