Apple and Ningde era, BYD discussed the battery supply tendency of lithium iron phosphate line.

According to earlier media reports, the self-driving technology that Apple is developing plans to launch a passenger car in 2024, which will also be equipped with Apple's self-developed "breakthrough battery technology."

Financial Associated Press (Shanghai, editor Shi Zhengcheng), on Tuesday afternoon, the media quoted a number of sources as saying that Apple was in preliminary contact with Ningde era and BYD to discuss the supply of electric car batteries.

Given that Apple has never publicly disclosed its electric car project, the companies are still at the stage of discussion and it is not clear whether a final agreement can be reached. It is reported that Apple will build a factory in the United States as a potential battery supplier, while Ningde Times is hesitant to build a plant in the United States because of cost and other considerations.

President Joe Biden's recent infrastructure bill provides $174 billion in subsidies to stimulate the electric car industry, including tax breaks, grants and other incentives.

Confirmed by multiple sources, Apple tends to use lithium iron phosphate batteries, which have a manufacturing cost advantage over ternary batteries that use nickel and cobalt.

According to earlier media reports, the self-driving technology that Apple is developing plans to launch a passenger car in 2024, which will also be equipped with Apple's self-developed "breakthrough battery technology." However, it is not clear whether Apple's own battery technology and design are involved in Apple's discussions with Ningde era and BYD.

As a breakthrough in global efforts to deal with climate problems, major electric car battery manufacturers are increasing their capacity. Benefiting from China's huge market and industrial base, China's battery factories are expected to expand at a faster rate. Just last week, the company "declined to comment" on media reports that Ningde Times planned to build a new automated battery factory in Shanghai.