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BYD first-half profit triples as deliveries break record

China's BYD on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand. ....

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Colonial Trust Advisors Reduces Stock Holdings in Jabil Inc. (NYSE:JBL)

Colonial Trust Advisors reduced its stake in shares of Jabil Inc. (NYSE:JBL – Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,450 shares of the technology company’s stock after selling 900 shares during the quarter. Colonial Trust Advisors’ holdings […] ....

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Chinese carmaker BYD buys US firm Jabil's mobility business for $2.2 billion

The deal will expand BYD Electronic (International) Co's (BE) customer base, product portfolio, and its business of smartphone components, and boost its growth as it looks to capture the potential growth in the sector. Jabil Circuit (Singapore), which manufactures printed circuit boards, established a unit this month with product manufacturing business in Chengdu and Wuxi, which will now be sold to the Chinese EV maker. Jabil in a statement said if the deal is completed, the definitive agreement would enable it to "enhance our shareholder-centric capital framework, including incremental share buybacks", Chief Executive Officer Kenny Wilson said. ....

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XPeng and BYD Announce Strategic Acquisitions

While Tesla Inc (NASDAQ: TSLA) gets ready to defend itself for the first time at September’s trial against allegations that its Autopilot driver assistant failure caused death, its Chinese rival BYD Company Limited (OTC: BYDDY) reported today record deliveries, retaining its crown as China’s best-selling EV brand. BYD also revealed its electronics unit bought the mobility business of a US firm Jabil Inc (NYSE: JBL). The Hong Kong-listed stock of BYD closed 0.7% up. Also today, Chinese EV startup ....

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EV maker BYD buys US firm Jabil's China manufacturing unit for $2.2 billion

The deal will expand BYD Electronic (International) Co's (BE) customer base, product portfolio, and its business of smartphone components, and boost its growth as it looks to capture the potential growth in the sector. Jabil Circuit (Singapore), which manufactures printed circuit boards, established a unit this month with product manufacturing business in Chengdu and Wuxi, which will now be sold to the Chinese EV maker. Jabil in a statement said if the deal is completed, the definitive agreement would enable it to "enhance our shareholder-centric capital framework, including incremental share buybacks", Chief Executive Officer Kenny Wilson said. ....

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