Apple (AAPL) Reportedly Ditches CATL and BYD for the Apple Car Batteries as Panasonic Emerges as a New Favorite

Apple (AAPL) Reportedly Ditches CATL and BYD for the Apple Car Batteries as Panasonic Emerges as a New Favorite

3 years ago
Anonymous $BH0TGXkyPe

https://wccftech.com/apple-aapl-reportedly-ditches-catl-and-byd-for-the-apple-car-batteries-as-panasonic-emerges-as-a-new-favorite/

Apple Car, the iPhone manufacturer’s electric vehicle program under the ambit of Project Titan, is sparking a fresh wave of speculation today as a reputable report from Reuters suggest that another upheaval is in the works.

To wit, Reuters is now quoting its sources to suggest that Apple’s negotiations with China’s CATL and BYD over the Apple Car batteries have largely stalled, with not a single meeting between these entities taking place for over two months now. According to sources, the main obstacle arose when Apple demanded the establishment of specific teams and the construction of a dedicated plant in the US to cater to its needs. CATL is hesitant to invest in the US due to the prevailing hostilities between the US and China. Moreover, while BYD does have a plant in Lancaster, California, the company has reportedly refused to set up a dedicated plant for the Apple Car.