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

“Samsung wants to ensure it’s as integral to the electric car world as it is to the mobile arena,” Devindra Hardawar reports for Engadget.

“The Korean electronics giant is acquiring Magna International’s battery pack arm, 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),” Hardawar reports. “Having more battery smarts, naturally, should make Samsung a stronger competitor to Panasonic, which is Tesla’s biggest suppler, as well as its partner for the massive ‘Gigafactory’ battery plant. You might also remember Magna as one of the companies Apple reportedly talked to for its rumored electric car project.”

Read more in the full article here.

MacDailyNews Take: Par for the course.

[Thanks to MacDailyNews Reader “SJBMusic” for the heads up.]

28 Comments

  1. Apple should just start floating all sorts of rumors about industries they’re planning on entering, and watch bemused as Samsung bankrupts itself “strategically acquiring” companies related to those industries.

    It’d be like watching fish shoot themselves in a barrel.

    1. Was my thought too.
      Hmmm…
      – I heard Apple was researching wind powered boats with a thermal backup system.
      – I heard Apple was building personal rocket ships.
      – and building carbon nano space elevators.

      That should keep Scamscum busy for a while.

    2. Samsung: Too little, too late.

      My guess is Apple considers existing Lithium Ion batteries as “old tech” at this point. Apple already makes a large number of its own batteries which started with the iPod era where Apple needed custom flat pack batteries.

      I fully expect Apple to come out in a 3-5 years with something like BASF’s advanced NiMH batteries noted on TechnologyReview.com this week.

      1. I think that Apple might want to avoid a Lithium based solution if possible. There is a limited supply of Lithium and huge demand for it. If Apple were to make a car, it would be designed to sell in huge numbers, so where would all that Lithium keep coming from ? Supply and demand would make the raw materials very expensive and supply might be unreliable.

        It’s for that reason that I think something like a hydrogen fuel cell would be a much more Apple-like solution.

    3. I thought that was what they are doing with this car stuff. Been a big reworking of their PR Dept maybe this is their mission to feed and/or encourage such rumours to gain exposure and buy into some of this extensive, if I feel too often lowbrow and faddish tech promotion of the sort the likes of Goggle attracts. If so careful management is required so as to not look dumb when their efforts look like failures. A narrow line to tread.

    1. There are probably a ton of products you use everyday which have Samsung parts in them, you just don’t know it. Like your iPhone’s processor may have been made by Samsung.

      1. The processor no more made by Scamsung as the iPhone is made by Foxcom. Similarly Einstein theory of relativity printed by a printer is NOT the printers theory of relativity. It is still Einstein’s theory.

        When will people realize this most basic of facts in the semiconductor business. We used to get our chips fabricated at TSMC. They were not TSMC chips.

        1. The processor is no more made by Scamsung as the iPhone is made by Foxcon. Similarly Einstein theory of relativity printed by a printer is NOT the printers theory of relativity. It is still Einstein’s theory.

          When will people realize this most basic of facts in the semiconductor business. We used to get our chips fabricated at TSMC. They were not TSMC chips.

    1. Our early attempts at a tractor beam went through several preparations. Preparations A through G were a complete failure. But now, ladies and gentlemen, we finally have a working tractor beam, which we shall call… Preparation H. On the whole Preparation H feels good. 😉

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