China's Leading EV Maker Capitalizes on Side Hustle by Producing Apple Products

Building Apple Products Has Become a Side Hustle for China’s Biggest EV Maker

Source: Yahoo News

Overview of BYD's Expansion

• BYD, China's leading electric vehicle manufacturer, is significantly diversifying its business model.
• The company is now a key assembler of Apple products, notably iPads.

Impact on Employment

• Approximately 100,000 workers have been employed to support BYD's production lines for Apple.
• This shift demonstrates BYD's ability to pivot into consumer electronics alongside its core EV business.

Strategic Importance

• BYD's role as an Apple supplier highlights the growing trend of EV manufacturers expanding into technology sectors.
• Such diversification allows for better risk management and revenue streams amid fluctuating markets.

Future Prospects

• With its substantial workforce and expertise, BYD is positioned for further growth in both automotive and consumer electronics markets.
• This dual focus may impact industry dynamics, as traditional boundaries between sectors continue to blur.