Building Apple Products Has Become a Side Hustle for China’s Biggest EV Maker
BYD’s relationship with Apple began around 2009, when BYD started processing components, according to a company history published recently. It gradually won Apple’s trust and was tapped to provide structural components such as metal, glass, ceramics and sapphire as well as assembly services, according to the book.
In its 2019 annual report, BYD Electronic highlighted a breakthrough in its business with a major North American client. The company said it had successfully entered the supply chain for the client’s core products and started mass production, a passage that industry insiders said referred to Apple and BYD’s production of iPads.
Today, BYD Electronic, listed separately on the Hong Kong stock exchange, has taken responsibility for some of Apple’s sensitive work, such as titanium parts for the frame of Apple’s latest iPhone Pro models, said Ivan Lam, an analyst with Counterpoint Research. The company likes to boast that its robot drillers can carve patterns on the surface of an eggshell without cracking it…Read More
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