Report: Apple in Talks Over Batteries for Apple Car

Is the Apple (NASDAQ: AAPL) Car getting closer to realization? According to a report published Tuesday by Reuters, the answer is "yes." In the article, which cited "people with knowledge of the matter," the U.S. tech giant is in talks with at least two Chinese battery makers to manufacture a power supply for its long-rumored autonomous vehicle.

The report's sources identified BYD and Contemporary Amperex Technology as the battery companies currently engaged in the discussions. Both are significant global electric vehicle (EV) battery makers; the latter supplies the current king of the EV hill, Tesla. It is unknown whether Apple is talking to other manufacturers.

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Source Fool.com