Apple’s electric car dreams still alive as discussions begin with CATL & BYD for EV battery supply

The idea of an Apple Car first started in 2014 with the creation of Project Titan. Rumours grew to a roar last year with the Silicon Valley tech giant reportedly in discussions with the Hyundai and Kia to manufacture an electric car.

Those talks eventually fizzled out, but that hasn’t stopped Apple from starting new discussions with EV battery suppliers CATL and BYD .

According to multiple sources familiar with the matter, Apple is in the early stages of discussions with the two companies. A deal has not yet been reached, but if one is finalized it would reportedly involve lithium iron phosphate (LFP) batteries.

LFP batteries are cheaper to produce since they contain no nickel and cobalt, two of the most expensive ingredients that go into making EV batteries.

CATL is one of Tesla’s key battery suppliers in China. Just last week we reported that the company was planning a major expansion and build a new battery plant in Shanghai very close to Tesla’s gigafactory.

Source: Reuters

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