Apple invests $100 million in clean energy development in China
Apple has announced a new investment of 720 million yuan (about $100 million) to develop clean energy sources in China.
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It is part of the company's goal to switch its supply chain to 100% renewable energy by 2030.
The funds will be used for the second phase of the China Clean Energy Fund initiative, which will add about 550,000 megawatt-hours of wind and solar power capacity to China's grid each year. The first phase of the fund has already implemented more than 1 gigawatt of new energy projects across the country.
Apple's overall goal is to become fully carbon neutral across its business, supply chain, and product lifecycle by 2030. More information about this plan can be found on Apple's dedicated sustainability page.
Tim Cook speaks with other participants before the opening ceremony of the China Development Forum in Beijing. Illustration: Reuters
Apple CEO Tim Cook is currently on a visit to China. He is attending the annual China Development Forum in Beijing, where he shared photos from his trip on his Weibo account. During this visit, Cook called China's DeepSeek artificial intelligence platform "remarkable".
Apple also announced a donation to expand rural teacher training programmes in China.
Cook's visit comes amid a decline in Apple's sales in China. In the fourth quarter, smartphone shipments fell by 25%, although the launch of the iPhone 16 allowed the company to become the market leader.
Source: Apple
