Yang Jie of The Wall Street Journal tells his readers that BYD has diversified its operations in several ways to stay ahead of emerging market trends. It has a side hustle assembling iPads; Jie writes:
Apple products say on the box “assembled in China,” leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China’s biggest electric-vehicle maker.
BYD, known globally as Tesla’s most formidable EV competitor, has a second business manufacturing electronics, and it has grown to assemble more than 30% of Apple’s tablets, according to industry executives and analysts.
The Chinese company said it had more than 10,000 engineers and around 100,000 employees dedicated to the “fruit chain,” the local term for Apple’s supply chain. […]
BYD said its next big thing would be developing AI-powered robots together with Nvidia for factories.
“It is like we are raising many fish in a pool, and honestly, we’re not entirely sure which area of the market will mature in the future,” said BYD battery executive Wang Haoyu at an event this year, citing the company founder’s philosophy. “When a fish matures, we can scoop it out.”
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