Famous mobile phone maker Apple Inc. is in discussion these days about its plans to launch electric vehicles. According to a recent report, Apple Inc is in talks with China's CATL and BYD about batteries for its electric vehicles. However, the matter is still in the initial stage. People with knowledge of the matter said that it is not clear whether agreements will be made with CATL or BYD in this direction.
Meanwhile, some reports say that companies have come forward to supply the batteries of Apple's upcoming vehicles, for which the company has conditioned to have manufacturing facilities in the United States. The CATL involved in the talks, which supplies batteries to major carmakers including Tesla Inc, is unwilling to build a US factory with political tensions between Washington and Beijing.
At present, there has been no statement from Apple regarding this plan. Notably, Apple is yet to make a public announcement about its car plans, and hence the company declined to comment on the subject as well. CATL, the world's largest automotive battery maker, also declined to comment.
Several battery makers are ramping up production to meet growing demand around the world as carmakers accelerate their shift to electric vehicles to comply with tougher emissions regulations aimed at combating global warming. Reuters reported last week that CATL is planning a major new automotive battery plant in Shanghai, continuing its rapid pace of expansion. This plant will strengthen the company's growth as the world's No. 1 supplier. At the same time, this factory will be near Tesla's China manufacturing operations.