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Apple launches $300 million green energy fund in China

Reuters  |  SHANGHAI 

(Reuters) - will launch a $300 million fund in China, the firm said in a statement on Friday, working with its suppliers to invest in that could power close to 1 million homes in the country.

has made cutting pollution a key priority, putting pressure on local and international firms to help reduce high levels of smog in its major cities and clean up the country's waterways and polluted soil.

The investment from the maker, which will be made along with 10 suppliers including <4938.TW> and Corp <3231.TW> over a four-year period, also comes as the and lock horns over trade.

Apple's earlier this year called for calm heads in and as the world's two largest economies have veered towards a trade war and exchanged tit-for-tat tariffs on billions of dollars of goods.

The U.S. firm makes most of its products in China, which are shipped around the world, including to the is also one of Apple's most important end markets, although it has faced a rising challenge from local rivals.

Apple has been making a broader push in renewable power. Earlier this year it said that its global facilities were now fully powered by

(Reporting by Jourdan; editing by Richard Pullin)

(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.)

First Published: Fri, July 13 2018. 06:29 IST
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