If Apple is developing its own car and intends to launch it on the market in the coming years, those from Samsung have focused on acquiring a stake in a Chinese car manufacturer called BYD, but until now it has not been known how much the Koreans are spending for this package of shares or what percentage of the total shares is represented by it.
The collaboration between Samsung and BYD will initially be limited to software and some components in the car, but those from Samsung have announced that in the future they intend to have a much more active role in the car manufacturing process, so it will be interesting to seen how things will evolve.
BYD is a company that is financed by Berkshire Hathaway, owned by Warren Buffet, and its specialization is in the development of electric cars, which is also the interest of those from Apple, but there is a chance that Samsung will take it forward also through this partnership to bring an electric car to the market faster.
Samsung has divisions that produce a variety of automotive components, so it could also manufacture various components for BYD in an effort to bring the car to market faster, but for now plans on how the companies will collaborate have not been revealed by either source.
South Korean technology giant Samsung Electronics Co Ltd on Friday said it is in talks to acquire a stake in Chinese automaker BYD to boost its chip business for electric cars. The latest investment aims at strengthening the electric vehicle parts and smartphone parts businesses for the two companies. We plan to discuss cooperation in various businesses going forward.
Samsung has a great interest in remaining competitive in a world where Apple and Google are very seriously focused on the development of autonomous guidance software for cars, or even electric cars, the future seems to lie in this industry and not only in the smartphone or tablets.
Considering the fact that Apple develops its own cars, it would not be difficult to believe that Samsung will buy a large percentage of BYD's shares.
