BYD Becomes Apple Supplier, Shares Rise

 BYD (002594, 1211.HK) said it became one of the 156 suppliers of Apple Inc., triggering sharp gains in its share price and that of BYD Electronic International (0285.HK), reports, citing a company filing.

BYD Electronic International mainly manufactures and sells handset components such as casings, modules and keypads.

The head of marketing at BYD, Lin Mi, said it supplied core mobile phone components to Apple.

Though Lin said BYD is expanding its business of supplying parts to major information technology companies, he did not disclose the quantity supplied to Apple.

According to Lin, the maker of rechargeable batteries and autos plans to introduce its electric car, e6, into the Hong Kong market in the second half of 2012.

BYD currently sells about 10,000 units of the e6 per month, up from the 7,500 units sold in September 2011, said Lin.

Shares of BYD Electronic International rose 7.56 percent to trade at HK$2.56 per share at 15:29, while BYD was up 7.43 percent to close at 25.3 yuan today.



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One Response to BYD Becomes Apple Supplier, Shares Rise

  1. Juan G Vélez says:

    why don’t you post only news from reliable sources???….10.000 e6 per month????? are we travelling to the future?

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