EV maker BYD buys US firm Jabil's China manufacturing business for $2.2 billion

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Jabil Circuit (NYSE:JBL) (Singapore), which manufactures printed circuit boards, established a unit this month with 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.

($1 = 7.2890 Chinese yuan renminbi)