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The deal will expand BYD Electronic's customer base, product portfolio and its smartphone components business as it looks to capture Jabil's potential growth in the sector.
Chinese automaker BYD said on Monday (Aug 28) its electronics unit has struck a deal with US-based manufacturer Jabil to buy its mobile electronics manufacturing business in China for 15.8 billion yuan (US$2.2 billion). The deal will expand BYD Electronic's (BE) customer base, product portfolio and its sma
Chinese automaker BYD said on Monday (Aug 28) its electronics unit has struck a deal with US-based manufacturer Jabil to buy its mobile electronics manufacturing business in China for 15.8 billion yuan (US$2.2 billion). The deal will expand BYD Electronic's (BE) customer base, product portfolio and its sma
China has already won the race to electrify its vehicles. Now it’s pushing ahead and adding more features and services to attract new customers.
Electric vehicle makers and AI companies are taking Tesla FSD-like systems to China, but it’s still out of reach for most consumers.