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Apple may secure its own battery materials to avoid shortages

Engadget

According to the report, Apple is seeking to lock down a long-term deal, securing several thousand metric tons a year, for a last five years. The move puts Apple in direct competition with other big players who are also looking for a similar agreement, and advantage. BMW, Volkswagen and Samsung's own battery division are thought to be engaged in similar negotiations for their own EV projects. It's clear from the piece that Apple is only seeking to secure material for batteries that go inside its consumer hardware. CEO Tim Cook has been open about his company's interest in the "autonomous systems" market, but wouldn't be drawn on what exactly was being worked on.