Apple is negotiating with Ningde times and BYD to supply batteries for its electric vehicles

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Tencent technology news according to foreign media reports, four people familiar with the matter said Apple is in early negotiations with Ningde times and BYD on the supply of electric vehicle batteries.
The talks are likely to change and it is not clear whether Apple will reach an agreement with Ningde times or BYD because the talks are private, the people familiar with the matter said on condition of anonymity.
Two of the sources said Apple will set up a production plant in the United States as one of the conditions for potential battery suppliers.
Ningde times, which supplies major automakers such as Tesla, is reluctant to build a factory in the United States, the two people familiar with the matter also said.
It is unclear whether Apple is also in talks with other battery manufacturers.
Apple declined to comment and has yet to make a public statement on its car plans. Ningde times, the world’s largest car battery maker, and BYD, the world’s fourth largest, also declined to comment.
The four people familiar with the matter said the U.S. company is in favor of using cheaper lithium iron phosphate batteries because they use iron instead of more expensive nickel and cobalt.
Last December, it was reported that Apple had been researching automatic driving technology and planned to produce a passenger car in 2024.
People familiar with the matter have previously said that Apple’s planned electric vehicles may include its own breakthrough battery technology. It is unclear whether Apple’s discussions with Ningde times and BYD involve Apple’s own technology or design.
At present, the US government is seeking to attract more electric vehicle manufacturing businesses. President Biden’s $1.7 trillion infrastructure plan includes a $174 billion budget to boost the domestic electric vehicle market by providing incentives such as tax credits and subsidies to battery manufacturers.
As automakers accelerate their shift to electric vehicles to comply with stricter emission regulations aimed at combating global warming, many battery manufacturers are increasing production to meet soaring global demand.
SNE research, a market research firm, said in a report in June that it expects Chinese battery manufacturers to grow faster than their foreign counterparts as the world’s largest electric vehicle market expands further.
It was reported last week that Ningde times is planning to build a new large automobile battery factory in Shanghai and continue to expand rapidly to consolidate its leading position as the world’s largest supplier. The plant will be close to Tesla’s manufacturing plant in China( Tencent technology reviser / Lexue)