Against Apple cars? Samsung ç ¸ heavy investment in BYD to force new energy vehicles!

    Although the Apple car only heard the sound, but many sources confirmed that Apple's car is already an "open secret." As an old rival of Apple, will Samsung sit and watch it?

    Against Apple cars? Samsung ç ¸ heavy investment in BYD to force new energy vehicles

    According to Bloomberg News, the Korea Economic Daily reported that Samsung will spend 500 billion won (about 440 million US dollars) to buy a 4% stake in BYD. It is reported that this investment is mainly to establish a strategic partnership with BYD in the field of electric vehicles.

    Of course, Samsung will not have any influence on Biya’s management because its shareholding ratio is less than 5%. Samsung is also concerned about BYD's technology in new energy and electric vehicles for many years.

    Data show that in 2015, BYD's electric vehicle sales reached 61,722 vehicles, exceeding the brands of Tesla and Nissan, and it is the largest electric vehicle manufacturer.

    According to rumors, Apple iCar will be available in 2019 or 2020, the car will be produced in Germany, the partner is the auto parts supplier Magna . In May of this year, Apple invested $1 billion in investment and became the largest strategic investor of the latter, with a view to expanding its influence in the automotive industry.

    Maybe, in the near future, we can see Apple electric cars and Samsung electric cars.

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