BYD unit buys US firm Jabil's China mobility business for $2.2 billion

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. Jabil Circuit, which is based in Singapore and 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 group. Shares in BYD Electronic fell as much as 9% in Hong Kong on Monday but reversed losses and were up 1.

“For BYD, I think it’s a reminder that they do more than just dominate in EVs,” said Tu Le, founder of Sino Auto Insights, adding that they were higher up in the mobile supply chain and were a supplier. “While improving BE’s market share of products, the acquisition will effectively synergize with BE’s existing products, enhance the overall competitiveness, ensure long-term sustainable development,” BYD said in an exchange filing, without divulging any further details about the acquisition.

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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
แหล่ง: Investingcom - 🏆 450. / 53 อ่านเพิ่มเติม »

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).
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

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.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

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
แหล่ง: Investingcom - 🏆 450. / 53 อ่านเพิ่มเติม »

Jabil Stock Surges on Sale of Manufacturing Business in China to BYD SubsidiaryThe contract electronics manufacturer says the deal is the largest in its history.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »