Reuters was first to report that Apple Inc’s talks with China’s CATL and BYD over battery supplies for its planned electric vehicle have mostly stalled after they refused to set up teams and build U.S. plants that would solely cater to the tech giant. Chinese battery makers are more advanced than rivals in the development of lithium iron phosphate (LFP) batteries, which are cheaper to produce, and sources have previously said Apple favors this battery technology. The firms informed Apple sometime in the past two months that they were not able to meet its requirements but the U.S. company has not given up hope of resuming talks with either of them.
The post Reuters first to report Apple’s talks with Chinese battery makers CATL and BYD mostly stalled appeared first on Reuters News Agency.
