BYD Electronic
 | |
| Company type | Public |
|---|---|
| SEHK: 285 | |
| Industry | |
| Founded | 14 June 2007 |
| Headquarters | Shenzhen, Guangdong, China |
Area served | Worldwide |
Key people |
|
| Products |
|
| Revenue |  CN¥129.95 billion (2023) |
| CN¥7.96 billion (2023) | |
| CN¥4.04 billion (2023) | |
| Total assets | CN¥87.21 billion (2023) |
| Total equity | CN¥29.33 billion (2023) |
| Owners |
|
Number of employees | 150,300 (2023) |
| Parent | BYD Company Limited |
| Website | electronics.byd.com |
| Footnotes / references [1] | |
BYD Electronic (International) Company Limited or simply BYD Electronics manufactures handset components and assembles mobile phones for its customers as an OEM or ODM. Created as a subsidiary of BYD in 2002, it issued an IPO on the Hong Kong Stock Exchange in 2007 having been incorporated in Hong Kong on 14 June 2007.[2]
BYD Electronics operated several overseas factories,[3] such as in Cluj, Romania;[4] a factory in Komárom, Hungary that was acquired through the February 2008 purchase of Mirae Hungary Industrial Manufacturer Ltd;[4] and a factory in Chennai, India, which was also completed in 2008.[4] In addition, BYD Electronic has production bases in Huizhou, Tianjin, and at Baolong Industrial Park, Longgang District, Shenzhen.[5]
Since 2020, BYD Electronics became one of the original equipment manufacturer (OEM) of Apple's iPad.[6] It also produces iPads in its factory in Vietnam, which went operational in July 2022. The Vietnamese factory is located at the Phu Ha industrial park in the Phú Thọ province. The first phase of the facility has an annual capacity of 4.32 million tablets and 50 million optical prism products.[7][8]
In August 2023, BYD Electronics has agreed to buy several Chinese factories operated by Jabil, a U.S. manufacturer that supplies major components to Apple.[9]
In May 2024, it was announced that BYD Electronics would be added to Hong Kong’s Hang Seng Index.[10]
References[edit]
- ^ "Annual Report 2024" (PDF). Retrieved 2024-06-24.
- ^ "BYD Electronic prices $758 mln IPO at bottom of range". Reuters. 13 December 2007. Retrieved 22 December 2023.
- ^ Marc Gunther (13 April 2009). "Why Warren Buffett is investing in electric car company BYD". Fortune. Archived from the original on 27 April 2009. Retrieved 2 May 2009.
- ^ a b c "BYD ELECTRONIC BYD ELECTRONIC IINTERIM REPORT 2008 (2008-09-25)" (PDF). Archived from the original (PDF) on 2008-10-10. Retrieved 2009-07-30.
- ^ "BYD Electronic (International) Co Ltd 2007 Annual Report" (PDF). Archived from the original (PDF) on 2011-07-08. Retrieved 2009-07-30.
- ^ "BYD Electronics has become Apple's new iPad OEM". YIC-Electronics.com. Retrieved 2024-05-27.
- ^ "China's BYD expands beyond iPads, to produce EVs in Vietnam". Nikkei Asia. Retrieved 2024-05-27.
- ^ Oanh, Kim (2023-05-09). "BYD Electronics to start construction of $183.7 million plant this month". Vietnam Investment Review. Retrieved 2024-05-27.
- ^ Ma, Wayne (2023-08-30). "China's BYD to Pay $2.2B to Expand Business With Apple". theinformation.com. Retrieved 2024-05-27.
- ^ "BYD Electronic to Join Hong Kong's Benchmark Index". Bloomberg News. 2024-05-17. Retrieved 2024-05-17.