New Energy Vehicles (NEVs) in China

tphuang

tphuang

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BYD reaches deal with Jabil Inc to sell its mobility business

https://twitter.com/i/web/status/1695959851451506703

It's unclear to me what they are buying since this is done with BYD electronics and only smartphone components is mentioned here. Jabil does have some auto sensor/lidar tech. It would make more sense to me if they buy the business related to that.
 
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supersnoop

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tphuang said:
BYD reaches deal with Jabil Inc to sell its mobility business

https://twitter.com/i/web/status/1695959851451506703

It's unclear to me what they are buying since this is done with BYD electronics and only smartphone components is mentioned here. Jabil does have some auto sensor/lidar tech. It would make more sense to me if they buy the business related to that.
Click to expand...

BYD is also making iPads for Apple, so not necessarily an auto related purchase.
 
Hendrik_2000

Hendrik_2000

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Wow BYD profit triple
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BEIJING : China's BYD Co Ltd on Monday said first-half profit jumped 204.7 per cent as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.

Net earnings for the six-months ending June 30 reached 10.95 billion yuan ($1.50 billion), up 204.7 per cent from 3.6 billion yuan a year earlier, on a 72.7 per cent rise in revenue to 260.12 billion yuan, BYD said in a stock market filing.

The company posted a 6.82 billion yuan net profit for the April-June quarter, up 144.7 per cent, a Reuters calculation showed. That was a smaller increase than in the first quarter when profit jumped fivefold. The Q2 earnings, the second highest quarterly number, was within BYD's net profit forecast of between 6.37 billion yuan and 7.57 billion yuan.
 
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