BYD’s electronics division set to acquire US firm Jabil’s mobility business in China for USD2.2 billion

BYD’s electronics division set to acquire US firm Jabil’s mobility business in China for USD2.2 billion

Chinese electric carmaker BYD has announced that its electronics subsidiary has entered into a deal to acquire US-based electronics manufacturer Jabil’s electronics manufacturing business in China for USD2.2 billion (RM10.24 billion). Specific details about the deal have not yet been disclosed.

Jabil Circuit, which is based in Singapore and manufactures printed circuit boards, established a unit that absorbed its product-manufacturing businesses in Chengdu and Wuxi, and this will now be sold to BYD. The acquisition, should it go through, will expand BYD Electronic’s (BE) customer base, product portfolio and its smartphone components business, Reuters reports

Although now better known for its EV business, BYD started out by selling electronic components. Its electronics unit sells electronic components for consumer electronics products such as smartphones and laptops.

The upcoming acquisition serves as a reminder that BYD does more than just build EVs, an analyst told the news agency. The company first entered the automotive industry in 2003 when it acquired Nanjing-based automaker Qin Chuan, which held a permit for car manufacturing. It launched its first car model three years later.

As for Jabil, the company said that the deal would it to further invest in electric vehicles, renewable energy, healthcare, AI cloud data centers and other end-markets.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.



  • JengHow on Aug 28, 2023 at 7:26 pm

    It is not Singapore based company. It is US based company and its HQ is located at Florida.

    Like or Dislike: Thumb up 5 Thumb down 0
  • Lolwhut? on Aug 29, 2023 at 4:14 pm

    Inb4 USA dah jual to China comments

    Like or Dislike: Thumb up 4 Thumb down 1
  • pro biotic on Aug 29, 2023 at 7:39 pm

    Jabil’s Tesla business in Penang looks bad too. I wonder when they will sell it too.

    Like or Dislike: Thumb up 3 Thumb down 1

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