Investing
EV maker BYD buys US firm Jabil’s China manufacturing business for $2.2 billion
© Reuters. FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. REUTERS/Aly Song/file photo
(Reuters) – Electric vehicle maker BYD Co (SZ:) 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).
($1 = 7.2890 renminbi)
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