Samsung Electronics Co. Chairman Lee Jae-yong on Monday visited Chinese electric vehicle (EV) maker BYD Co.'s headquarters as part of efforts to expand Samsung's presence in the automotive electronics market, industry sources said.
Lee traveled to BYD's headquarters in Shenzhen, Guangdong Province, after attending the annual China Development Forum in Beijing, which concluded on Sunday, the sources said.
While details of his schedule and meetings were not disclosed, Lee was expected to meet with key officials, including BYD Chairman Wang Chuanfu, to discuss potential business collaboration in vehicle electronics systems.
It is Lee's second tour to BYD's headquarters following the visit in 2018, when he met with the BYD chairman.
On the previous day, Lee held a meeting with Xiaomi Corp. Chairman Lei Jun at the Chinese company's plant in Beijing on the sidelines of the China Development Forum.
