Core Insights - Apple has achieved a significant milestone with over 90% of its manufacturing in China now utilizing renewable energy, facilitated by collaboration with over a hundred suppliers [1] - The company announced the launch of a new investment fund aimed at supporting renewable energy infrastructure in China, with a total scale of 1.5 billion USD, led entirely by Apple suppliers [3] - The new fund aims to add 1 million MWh of clean power to China's grid by 2030, reinforcing Apple's commitment to achieving carbon neutrality across its entire supply chain by the same year [3][4] Group 1 - The new renewable energy infrastructure fund is initiated by CICC Capital and Huaneng Investment, with ATL, a battery supplier for Apple, as an anchor investor [4] - Several Apple supply chain companies, including Pegatron, Suzhou Dongshan Precision, Foxconn, and Yuto Technology, have completed investments in the fund [4] - Since launching its supplier clean energy program in 2015, Apple has shared expertise to help supply chain partners access cost-effective renewable energy [3][4] Group 2 - Apple has established two previous clean energy funds in China, with the first exceeding its goal of developing over 1 GW of renewable energy projects across 14 provinces [3] - The second fund, initiated earlier this year, has an investment amount of 720 million RMB, managed by Schroders Capital, providing more options for companies, including Apple suppliers, to access effective clean energy solutions [3] - Overall, Apple's greenhouse gas emissions have been reduced by over 60% since 2015, focusing on deep emissions reductions across all business operations [4]
Apple供应商启动10亿新能源基金,计划为中国电网新增1TWh清洁电力