started earlier in the year. Indeed, calculations reveal that BYD has launched updated versions of eight of its vehicles since February and the prices of them are 4-25% lower than the old versions. BYD’s gross profit margin in the second quarter hit 18.73%, a slight increase from the 17.86% of the first quarter.
BYD built its 5 millionth new energy vehicle in the second week of August. It reached this milestone just nine months after it built its 3 millionth NEV. The brand currently sells its passenger NEVs in 54 countries.
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EV maker BYD buys US firm Jabil's China manufacturing business for $2.2 billion By ReutersEV maker BYD buys US firm Jabil's China manufacturing business for $2.2 billion
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EV maker BYD buys Jabil's China manufacturing business for $2.2 billionElectric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean unit to buy its product manufacturing business in China for 15.8 billion yuan ($2.17 billion).
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Jabil to Sell Manufacturing Business in China to BYD Subsidiary for $2.2 BillionThe contract electronics manufacturer says the deal is the largest in its history.
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Jabil rises on deal to sell its China mobility business to BYD for $2.2 billion By Investing.comJabil rises on deal to sell its China mobility business to BYD for $2.2 billion
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