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Apple’s talks with Chinese battery makers CATL and BYD stalled

October 23, 2021
Source: brecorder.com brecorder.com
News Snapshot:
SHANGHAI/HONG KONG: Apple Inc’s talks with China’s CATL and BYD over battery supplies for its planned electric vehicle have been mostly stalled after they refused to set up teams and build U.S. plants that would solely cater to the tech giant, three people with knowledge of the discussions said. The firms informed Apple sometime in the past two months that they were not able to meet its requirements, the people said. But the U.S. company has not given up hope of resuming talks with either CATL or BYD, according to one source. Chinese battery makers are more advanced than rivals...
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