08 June 2021, 2:00 pm. 1 minute
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.
Topics of Interest: Automotive
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story