EV maker BYD buys Jabil's China manufacturing business for $2.2 billion

Electric vehicle maker BYD Co Ltd's unit has struck a deal to acquire Jabil Inc's Singaporean division's mobility business in China for 15.8 billion yuan ($2.17 billion), expanding BYD's customer base, product portfolio, and smartphone components business in the sector.

reuters.com

Relevant topic timeline:

8/28/2023

China's BYD H1 profit rises 204.7% as deliveries break record

China's BYD Co Ltd reported a 204.7% increase in first-half profit, driven by record-breaking deliveries and its position as China's top-selling auto brand.

8/29/2023

BYD posts staggering profit surge, record deliveries amid China’s EV price war

China's top EV maker, BYD, saw a 145% surge in profits in Q2, driven by record deliveries, despite the ongoing EV price war in China.