Double down! Apple plans to expand battery production in India.

Wallstreetcn
2023.12.06 07:03
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Apple plans to transfer part of the battery production for iPhone 16 to India and encourages battery manufacturers to build new factories in the country. The Indian government is also actively attracting foreign investment in hopes of developing the electronics industry. Apple ranks second in terms of sales in the Indian market and is expanding its investments in the country. However, establishing a production line in India still faces challenges.