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Samsung Lee Jae-yong visits BYD, helicopter lands directly at Hexagon Building headquarters
Kuai Technology 2025-03-25 10:46:53

On March 25, reports stated that in his recent visit to China, Samsung Electronics CEO Lee visited the headquarters of BYD in Shenzhen.

Lee Jae-Yong arrived by helicopter and landed directly at BYD Hexagon Building headquarters, then entered the Hexagon Building.

According to reports, Luyang is to meet with Li Jingtai, Chairman of Audi, and President Wang Tengfeng at the Audi Group CEO.

It is understood that the relationship between Samsung Electronics and BYD has been relatively close.Since 2016, Samsung Electronics acquired 1.9% stake in BYD for 5287 billion Korean won (approximately 29.5 billion yuan), becoming one of the company's largest shareholders at the time.

In 2021, Samsung Electronics sold most of its shares to Kia Motors, resulting in three times more financial gain for Samsung.

Currently, Samsung and BYD still have a substantial collaboration, with BYD producing hinge-related components for Samsung, used in some foldable display phones.

It is reported that in this visit to BYD, this is Lee Jae-yong's first appearance since he was acquitted on March 3rd in the second trial of the inappropriate merger and accounting fraud case.China's first overseas visit and second overseas visit of the company.

On March 22, Lee Jae-yong visited Xiaomi, an important Samsung client, and toured Xiaomi's car factory in Beijing. Lei Jun, the chairman of Xiaomi, personally received him.

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