SAMSUNG RAISES APPLE WITH NEW EV BET

Samsung makes a big play for electric cars by nabbing a battery pack firm

Davindra Hardawar, February 23, 2015 (engadget)

“Samsung wants to ensure it's as integral to the electric car world as it is to the mobile arena. The Korean electronics giant is acquiring…Magna Steyr, which will fit nicely inside of Samsung SDI, its component division. SDI has already scored a major deal with BMW providing batteries for its new i3 electric car and i8 hybrid, and it will make up eight percent of Tesla's battery supply this year (it's also in talks to build even more)…[The move] should make Samsung a stronger competitor to Panasonic, which is Tesla's biggest supplier, as well as its partner for the massive "Gigafactory" battery plant…[Magna was] one of the companies Apple reportedly talked to for its rumored electric car project…[This is likely] a reaction to those Apple Car rumors, but [fits] with Samsung's general strategy for new markets: Make the components everyone needs and reap the profits…” click here for more

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