“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.]