Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc’s Singaporean unit to buy its product manufacturing business in China for 15.8 billion yuan ($2.17 billion).
Jabil Circuit (Singapore), which manufactures printed circuit boards, established a unit this month with a product manufacturing business in Chengdu and Wuxi, which will now be sold to the Chinese EV maker.
BYD did not provide any further details about the acquisition in its exchange filing. Jabil did not immediately respond to a Reuters request for details.
Reuters