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FX Daily Updates
Apple announces $99 million new clean energy fund in China
georgemiller
Publish Date: Mon, 24 Mar 2025, 07:05 AM

HONG KONG, March 24 (Reuters) - Apple Inc (AAPL.O) , opens new tab said on Monday it will set up a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with a Beijing visit of its CEO Tim Cook.
Apple said in a statement that it is a move aimed at expanding its clean energy capacity in China, and is part of the company's efforts to transition its supply chain to 100% renewable energy by 2030.
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($1 = 7.2568 Chinese yuan renminbi)
https://www.reuters.com/technology/apple-announces-99-million-new-clean-energy-fund-china-2025-03-24/