BYD Acquires Jabil's China Manufacturing Business for $2.2 Billion
TL;DR Summary
Chinese electric vehicle maker BYD has announced that its unit, BYD Electronic (International) Co, has agreed to acquire the mobility business of Jabil Inc's Singaporean division in China for $2.17 billion. The deal will expand BYD's customer base, product portfolio, and smartphone component business, positioning the company for growth in the electric vehicle sector. Jabil plans to use the proceeds to invest in electric vehicles, renewable energy, healthcare, AI cloud data centers, and other markets.
- EV maker BYD buys Jabil's China manufacturing business for $2.2 billion Reuters
- Chinese carmaker BYD buys US firm Jabil's mobility business for $2.2 billion By Reuters Investing.com
- BYD Electronic Plans Acquisition Worth Nearly $2.2 Billion The Wall Street Journal
- EV maker BYD buys US firm Jabil's China manufacturing unit for US$2.2 bln New Straits Times
- Chinese carmaker BYD buys US firm Jabil's mobility business for $2.2 billion Yahoo Finance
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
69%
242 → 75 words
Want the full story? Read the original article
Read on Reuters