BYD’s iPad-Making Arm Pays $2.2 Billion for Jabil China Unit
- Electronics arm of EV maker BYD expands mobile device business
- US firm Jabil joins tech companies reducing exposure to China
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The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena.
BYD Electronic International Co., a non-wholly owned unit of one of China’s biggest EV makers, is taking over the US company’s product manufacturing business located in Chengdu and Wuxi, China, it said in a statement Monday. The pact includes the manufacturing of products for existing customers.
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BYD’s iPad-Making Arm Pays $2.2 Billion for Jabil China Unit