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Apple Is Negotiating With Chinese CATL and BYD for a Partnership That Promises to Supply Batteries for Its Future Electric Cars
Recently, it was reported that Apple is already in negotiations with major Chinese battery manufacturing companies and plans to build a factory, adding another chapter to the company’s electric car story. See also: Huawei Aims to Overtake Apple and Xiaomi With Its New Launch in the Electric Car Market.
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Apple’s Partnership With Chinese Companies and the Construction of a New Factory
Apple is forming partnerships with Contemporary Amperex Technology Co. Limited – CATL, one of the largest Chinese manufacturers of batteries for electric cars, which supplies major automakers like Tesla, Toyota, Mercedes, Volkswagen, Honda, and Hyundai.
Apple plans not only to establish partnerships with Chinese leaders to supply batteries for its electric car project but also to produce them in the United States.
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The battery manufacturer, CATL, is hesitant to open a factory on American soil due to recent tensions between the governments of China and the U.S., and mainly because of the cost of labor expenses, which are higher.
Apple May Be Developing Its Own Batteries and Technologies for Future Electric Cars
The company was supposedly creating and developing its own battery technology for electric cars; however, it is uncertain whether it will actually build and manufacture the packs or if another company, like the Chinese ones, will take on such tasks.
In total, the American country intends to invest R$ 174 billion to assist in the development process of manufacturing and selling electric cars. Thus, Apple needs to ensure that these partnerships with the Chinese happen as soon as possible to meet the deadline by 2024 for the launch of its electric car.
Meet Apple
As a North American multinational company, Apple carries the goal of designing, manufacturing, and selling consumer electronics, such as computer software and personal computers.
In hardware, the company produces a line of Macintosh computers, iPods, iPhones, iPads, and many other products. The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976 but was only incorporated in January of the following year.
Its original name was Apple Computers Inc. and, in 2007, “Computer” was dropped due to the company’s expansion into the smartphone line.
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