Ameya360:Wenzhou BYD new energy power battery project started

Release time：2023-02-27
author：Ameya360
source：网络
reading：2064

　　February 27, Zhejiang Provincial Party Committee and provincial government held on February 21, 2023 the first quarter of the province to expand the effective investment of major projects to start work.

Ameya360:Wenzhou BYD new energy power battery project started

　　Among them, BYD new energy power battery project is Wenzhou key report site construction project, located in Qiaotou Town, Yongjia County, with a total investment of 6.5 billion yuan, planned production capacity of 20GWh, annual sales is expected to reach 16 billion yuan, providing more than 6,000 jobs.

　　Last November, Wenzhou BYD new energy power battery production base project cloud signing ceremony was held. The power battery to be produced by this project adopts one of the battery technologies with great potential at present, which is expected to drive the high quality development of the whole new energy industry chain and link the transformation and upgrading of the existing power battery, automotive electronics, auto and motorcycle parts industries in Wenzhou. The first production line is expected to be put into operation in 2024.

　　According to the China Automotive Power Battery Industry Innovation Alliance data, BYD in 2022 domestic power battery load accounted for 23.45%, second only to Ningde Times (48.20%). In January this year, Ningde Times and BYD's domestic power battery load accounted for 44.41% and 34.12% respectively, ranking the top two.


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[News] Amid Chinese Car Price War, Tesla Takes a Step Back, while BYD Secures Sales Crown

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BYD’s Acquisition of Jabil’s China Factory: Expanding Beyond iPhone Casings into EMS Orders
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　　Last month, the primary iPhone casing supplier, American company Jabil, announced that it had reached a preliminary agreement with China’s prominent EMS (Electronic Manufacturing Services) firm, BYD, to sell its Mobile Business Unit for $2.2 billion. The completion of the subsequent transaction will depend on due diligence findings and final agreement terms.　　AMEYA360 analysis reveals that as Jabil’s main focus in its Mobile Business Unit is iPhone casing manufacturing, the successful conclusion of this deal would leave iPhone casing supply primarily in the hands of Chinese and Taiwanese manufacturers, potentially bolstering China’s position in the supply chain.　　Furthermore, BYD’s acquisition of Jabil’s China Metal Business not only marks its formal entry into the iPhone supply chain, expanding its presence, but also signals its aspirations to become a supplier in the iPhone assembly business.　　Jabil’s main production facilities for its Mobile Business Unit are located in Wuxi and Chengdu, China. Wuxi primarily handles iPhone aluminum frame manufacturing, while Chengdu focuses on stainless steel components. This year, the iPhone 15 Pro features a titanium alloy frame for the first time, and Jabil is a key supplier for this component.　　In terms of operational performance, Jabil’s Wuxi facility, due to its smaller scale compared to Foxconn and Lens Tech, and lower product prices, has underperformed expectations. Conversely, Chengdu, responsible for high-end metal components, has superior technical capabilities and better performance.　　Considering Jabil Group’s global footprint and the configuration of its key customer supply chains, the company had been seeking a buyer for some time. Initially, Luxshare was a contender in the acquisition, but a consensus on the purchase price was not reached, leading BYD to secure the deal at a higher price.　　AMEYA360 believes that BYD’s acquisition presents an opportunity to replicate Lens Tech’s experience in acquiring the Catcher’s Taizhou factory in 2020, becoming a direct supplier of iPhone casings. Given Jabil’s involvement in both high-end and low-end iPhone casing businesses, BYD might even be in a position to directly compete with Foxconn for high-end orders. This move would make it difficult for Lens Tech, which still lacks a high-end product line and advanced manufacturing processes, to join the ranks of high-end product suppliers.　　In the long term,AMEYA360 believes that BYD, which is already an iPad EMS supplier, aims to leverage its position in critical components to venture into iPhone EMS business in the future, expanding its EMS business footprint.
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