Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Apple in talks with Chinese suppliers about upcoming electric vehicle

Published

on

apple electric vehicle

Apple plans to launch the electric vehicle in 2024

Apple is in early-stage talks with Chinese battery suppliers for its planned self-driving electric vehicle, Reuters reports.

The tech giant has made building manufacturing facilities in the US a condition for the potential battery suppliers CATL and BYD.

CATL and BYD

However, there is evidence to suggest CATYL is reluctant to build a electric vehicle factory in the US. This comes amid rising political tensions between China and the West. CATYL also supplies many other major carmakers including Tesla.

As global demand for electric vehicles grows, experts believe that China will take the lead on electric vehicle battery development.

Reuters reported last week that CATL is planning a new automotive battery plant in Shanghai.

Apple’s electric vehicle tech

Experts say that Apple’s electric vehicle may even feature its own breakthrough battery technology. However, Apple has declined to comment on the matter.

The discussions come at a time when the US government is looking to attract more EV manufacturing. US President Joe Biden’s proposed $1.7 trillion infrastructure plan includes a $174bn budget to boost the domestic EV market with tax credits and grants for battery manufacturers, among other incentives.

Many battery makers are ramping up production to meet soaring worldwide demand as car makers accelerate their shift to electric vehicles to comply with tougher emission rules aimed at tackling global warming.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

China has pledged to “significantly increase” debt to jumpstart its economy

Published

on

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Continue Reading

Leaders

Niche accountants proving essential to e-commerce success

Published

on

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Continue Reading

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

on

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

Continue Reading

Trending Now