The media has been crediting Apple with working on its own electric car for several years. According to internal sources cited by the portal GizmoChina, she is negotiating with suppliers of batteries for her first electric car.
According to insiders, Apple is considering two Chinese companies – CATL and BYD – as batteries for its electric vehicle. Allegedly, negotiations between these three companies have already begun, but no specific agreements have yet been reached. It is noted that most likely, Apple will install lithium-iron-phosphate batteries in its electric car, which are cheaper than analogs due to their composition.
Apple hopes to meet the deadline and unveil its first electric vehicle on schedule, sources said. The company already has its own developments, including in the field of batteries. Therefore, Apple’s potential partnership with CATL or BYD may mean that these companies will engage in contract manufacturing of batteries developed by Apple, similar to the A- and M-series processors contracted by chipmakers TSMC.
It is worth noting that CATL is the world leader in car batteries and the main supplier of batteries for most electric vehicle manufacturers, including the giant Tesla. BYD is the fourth largest manufacturer of vehicle batteries.