EV maker BYD buys US firm Jabil's China manufacturing unit for $2.2 billion

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EV maker BYD buys US firm Jabil's China manufacturing unit for $2.2 billion
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The deal will expand BYD Electronic (International) Co's (BE) customer base, product portfolio, and expand its business of smartphone components, and boost its growth as it looks to capture the potential growth in the sector. Jabil Circuit (Singapore), which 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 EV maker. Jabil did not immediately respond to a Reuters request for details.

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