Apple, Huawei supplier plans over $126 mln investment hike in Bac Ninh

Desay Group, a core partner of clients such as Apple, Huawei, Xiaomi, OPPO, Vivo, Google, and Meta, plans to increase its capital in Bac Ninh province in northern Vietnam by $25 million. Desay's current investment scale in the province is over $101 million.

This information was revealed during a recent working session between leaders of Bac Ninh province and leaders of Desay Group (China).

Established in 1983, Desay Group has grown into one of the largest groups in the electronics and information industry, with annual revenue exceeding 50 billion yuan (over $7 billion).

It is a pioneering enterprise in the field of lithium battery manufacturing in China, as well as a global provider of new energy solutions and a professional manufacturer of related electronic products.

The company currently serves leading global consumer electronics manufacturers, being a core partner of clients such as Apple, Huawei, Xiaomi, OPPO, Vivo, Google, Meta, Amazon, DJI, and Stanley Black & Decker.

In the coming period, in addition to Desay Battery Technology Co., Ltd. (in Bac Ninh's Song Khe - Noi Hoang Industrial Park), the Group plans to open another company in the province, hoping for local support and favorable conditions for the new project to become operational soon.

With its current investment scale of over $101 million, the Group plans to add another $25 million, which is a positive signal for Bac Ninh's industrial development.