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2 clusters · 4 sources · 7 days · First seen · Last updated

Apple investment and sustainability in China

Overview

Apple has implemented a long-term strategy in China focused on technological development and sustainable infrastructure. Following a 2016 initiative to repair relations with the Chinese government through a massive investment plan, the company shifted its focus toward fostering local technological growth by providing training and funding for suppliers.

This commitment has evolved to include significant investments in renewable energy. Apple expanded its China Clean Energy Fund to $212 million, managed by Schroders Capital, to support wind and solar power projects. The company reported that over 95% of its direct manufacturing in China now utilizes renewable energy as it works toward a global goal of 100% renewable energy across its supply chain by 2030.

Entities

Tim Cook · Schroders Capital · China · Apple

Timeline

  1. [BUSINESS] 2 sources
    Apple expands China Clean Energy Fund to $212 million

    Apple expands its China Clean Energy Fund to $212 million and reports that 95% of its Chinese manufacturing now uses renewable energy. Tim Cook also visited Guangzhou to inspect iPhone 18 Pro promotional shoots

  2. [BUSINESS] 2 sources
    Apple's 2016 China investment strategy focused on technological development

    In 2016, Apple CEO Tim Cook proposed a $275 billion investment in China to repair diplomatic ties and support the country's technological development through supplier training and advanced manufacturing.

Sources

applesfera.com · ifanr.com · ithome.com · tecnoandroid.it