Korean companies are struggling to gain the upper hand in the market for battery electric car 전기차 배터리
Electric cars are all the rage among the modern technology and when people Apple companies, Baidu is about, why wouldn t Samsung now gives the new Consumer electronics Korean behemoth plans to invest in the electric car manufacturer Chinese BYD through this operation, the two companies are looking to strengthen their respective vertical markets electric cars, semiconductors and smart phones.
The latest investment is intended to strengthen the parts of electric vehicles and smart phone parts companies to the two companies We plan to discuss cooperation in various companies in the future.
The company has not disclosed the amount and size of its investment, but the Korea Economic Daily reported that the Korean giant is looking to invest 3 billion yuan around EUR 450 million for about 2 percent of the shares in the electric car company.
It plans to provide its electronic components to electric car manufacturers and create a new market for expansion and that seems a good strategy given the saturation of the smartphone market Moreover, the company said the partnership would not only limited to selling more chips or integrated Samsung smartphones in electric cars He also hinted collaborations in other areas.
The latest partnership between a high-tech company and car manufacturer comes not an absolute surprise This is due to the recent increase in self-driving, electric cars, and connected to the Internet anywhere in the world This has led to many Similar partnerships between traditional automakers and high-tech companies.
There is another reason why Samsung chose especially a Chinese company to invest in electric cars in China recently surpassed the United States as the largest market for electric vehicles The Chinese government focuses mainly on these new vehicles energy.
It aims to cross sales of 3 million units of these vehicles by 2025. According to the China Association of Automobile Manufacturers, China has seen more than a double increase in new energy vehicles with about 170 000 units in the first half of this year.
In addition, BYD, backed by Warren Buffett's Berkshire Hathaway Inc. has emerged as an ideal candidate for Samsung to enter the electric car segment The company recently won approval from the Chinese government to raise a staggering 15 billion yuan through another share sale.
He plans to use the funds to expand its battery production plant for new energy vehicles and product development and who better than Samsung to buy those shares, and help the company's expertise in semiconductors and batteries.
Samsung plans to invest in the Chinese manufacturer BYD electric car, Samsung, planning, invest.