 "Apple working with Chinese firm on electric car batteries")
Apple is secretly working with a Chinese battery manufacturer on automotive battery research and development, indicating its continued pursuit of its electric car project.
The Cupertino-based tech giant is working with Contemporary Amperex Technology Ltd. (CATL) in China's Fujian province based on a confidentiality agreement, Shanghai-based Yicai Global reported on Thursday.
"The parties are working together in the field of batteries," the report said citing unnamed sources.
Apple first announced its foray into the automotive industry with its car project in 2013 but later confined to making self-driving software for automobiles.
CATL became an independent battery manufacturer in 2011 after splitting with Amperex Technology Limited (ATL), supplier for Apple's consumer electronics products.
Apple has not disclosed any news about such collaboration and CATL declined to comment on the matter, Yicai Global said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app