Samsung makes an enormous play for electrical automobiles by nabbing a battery pack agency

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

Samsung needs to make sure it is as integral to the electrical automotive world as it’s to the cellular area. The Korean electronics big is buying Magna Worldwide’s battery pack arm, Magna Steyr, which can match properly inside Samsung SDI, its element division. SDI has already scored a serious cope with BMW offering batteries for its new i3 and i5 electrical automobiles, and it’ll make up eight % of Tesla’s battery provide this yr (it is also in talks to construct much more). Having extra battery smarts, naturally, ought to make Samsung a stronger competitor to Panasonic, which is Tesla’s largest suppler, in addition to its associate for the huge “Gigafactory” battery plant. You may also keep in mind Magna as one of many corporations Apple reportedly talked to for its rumored electrical automotive venture.

It is easy to take a look at this acquisition as a response to these Apple Automotive rumors, however it’s additionally becoming with Samsung’s basic technique for brand spanking new markets: Make the elements everybody wants and reap the income. Do not forget that its early work creating reminiscence chips, processors, and LCDs put it in an ideal spot for the smartphone revolution and HDTV revolution. So, principally, do not be stunned in case your future electrical automotive is bundled with Samsung tech.

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