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CATL and BYD are reportedly negotiating with Apple

Tech company Apple is reportedly negotiating with battery giants CATL and BYD to supply batteries to advance its iCar project. According to Reuters, several insiders have reported talks at an “early stage”. According to the report, a prerequisite for Apple to cooperate is that the two Chinese companies build production facilities in the US. Automakers there are increasingly insisting on supporting local battery production. White House economic adviser Jared Bernstein confirmed to Reuters that Apple’s terms are “completely consistent with what the president has talked about in terms of onshoring supply chains.”

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