Apple Invests $99 Million in China’s Clean Energy to Achieve 100% Renewable Supply Chain by 2030

Apple announced this Monday a new investment of 720 million yuan—around $99.3 million—in China to expand its clean energy efforts and reach its goal of achieving 100% renewable energy operations by 2030.

According to the Chinese news agency Xinhua, Tim Cook, Apple’s CEO, announced on the Chinese social media platform Weibo the company’s plan for a transition to using renewable energy in its supply chain in China.

About two-thirds of the tech giant’s supply chain already relies on green energy—over 1,000 megawatts of wind and solar energy—in the Asian country, after a first phase of investment.

The new investment seeks to expand and generate around 550,000 megawatt-hours of solar and wind energy. The tech firm also expects more investors to join the initiative.

Cook made the announcement after attending the China Development Forum in Beijing on Sunday. The event counted with the presence of over 86 company representatives from 21 countries.

According to The Economic Times, Apple shares its commitment to continue and develop operations in China amid tensions related to the 20% tariffs imposed by the U.S. government.

The China Council for the Promotion of International Trade said that Apple and other American companies are welcome to develop operations in China.

Chinese Premier Li Qiang urged countries to act against “rising instability and uncertainty” and assured that new macroeconomic policies will come soon.

Cook reassured Apple’s commitment to cooperating with China and the China Development Research Foundation also with donations to support rural education, as reported by Digitimes Asia.

Apple’s CEO praised the Chinese AI model DeepSeek as well and described his experience using the model as “fantastic.”

In February, Apple announced a $500 billion investment in the United States for the next five years, to expand operations and build new factories in the country.