Samsung invests $450M in Chinese electric car firm BYD

Samsung On Thursday, Reuters reported that Samsung invested $450 million in BYD Company Ltd., a Chinese automaker and rechargeable batteries firm. The Korean smartphone giant clearly isn’t about to let Google, Apple and Tesla have all the automotive fun. Samsung said just last week that it was in negotiations with BYD to help improve the company’s automotive chips. But in a press… Read More

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