Recently, at the international science and technology industry enterprise day held by Zhaoyin international, the management of BYD electronics company disclosed the progress of its e-cigarette project.
BYD electronics said that the mass production of e-cigarettes is expected to speed up in the second half of 2021. It has installed 40 automatic production lines for e-cigarettes, with a daily output of 4 million at full load, accounting for 30% of the market demand. BYD electronics believes that the recent tightening of government supervision on the e-cigarette industry will raise the entry threshold and benefit the leading enterprises with strong R & D capabilities.
As a result, CMB International released a research report, saying that it is conservatively estimated that BYD's e-cigarette sales will reach 2 billion yuan in 2021 and 2.6 billion yuan in 2022. According to the report, BYD e-cigarette is expected to achieve growth in the second half of 2021, and the recent policy is good for BYD.
BYD electronics, formerly known as the mobile phone parts and module Department of BYD Co., Ltd., was officially incorporated in Hong Kong in June 2007 and listed on the stock market.
The predecessor of the company started to operate mobile phone parts and modules business in 2002, and started to set foot in assembly in 2006. After that, the company continued to lay out metal, glass, ceramic and other materials and parts technology to expand its major customers. In 2016, the company started to develop new business such as automotive electronics and UAV, and in 2020, it entered the mask business. At present, it has formed a main business layout with parts and assembly as the core and automotive electronics and new intelligent products as the two wings.