Saturday, July 2, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Enterprise

Samsung Acquires Battery Pack Firm, Looks To Electric Cars

by Farhan
February 24, 2015
Share on FacebookShare on Twitter

Samsung-Logo_31

Samsung SDI has acquired Austria-based battery pack firm Magna Steyr. The move sees the South Korean company expand its portfolio of electric vehicle components, and raises questions of whether the company is eyeing an expansion into building its own electric cars.

Magna Steyr is part of Magna Internation, one of the largest automobile parts suppliers in North America. It comes as no surprise that Samsung SDI would be picking up the firm, as it has recently renewed its contract to supply battery packs to BMW for the i3 and i8 cars.

Interestingly, Apple had recently visited Magna Steyr to learn more about the construction of vehicles; news that fueled rumours that Cupertino was looking into building its own electric vehicles. However, it does not appear that Samsung is acquiring Magna Steyr to block any potential moves from Apple; mostly because nobody really knows what Tim Cook is up to.

ADVERTISEMENT

Magna Steyr

Samsung itself appears to be settling into its usual plan of owning entire supply chains, providing them with many customers beyond the general consumers. The firm already makes electronics components that feature in more devices that just its own smartphones, tablets, and other consumer products. Samsung SDI already manufactures a range of batteries and energy storage systems, and expanding with Magna Steyr looks to be part of a larger global expansion strategy.

That being said, it would not be surprising to see Samsung come up with an electric car for the global market. Considering that the company seems content to have its hands in everything from microprocessors to howitzers.

[Source: Samsung SDI]

Tags: Battery PackElectric CarElectric VehicleEVSamsungSamsung Battery PackSamsung SDI
Back to top
Share1Tweet1SendShare

ADVERTISEMENT

RELATED ARTICLES

Ayaneo Announces Next 2 Handheld Gaming Console
Gaming

Ayaneo Announces Next 2 Handheld Gaming Console

by John Law
July 1, 2022

Ayaneo, the China-based handheld gaming console maker, recently made a surprise announcement, with the launch of its next handheld console...

Read more
mozilla firefox browser
Internet

Firefox Now Automatically Deletes Tracking From URLs

by Ikmal Rozlan
July 1, 2022

Mozilla Firefox just recently released version 102 of its browser and it comes with a new privacy feature that removes...

Read more
Logitech MX Keys Mini keyboard
Lightning Reviews

Logitech MX Keys Mini Lightning Review: Effortlessly Compact

by Ikmal Rozlan
July 1, 2022

A lot of keyboards these days try to be as flashy as possible, with RGB lighting, colourful keycaps, and all...

Read more
meeting office four-day work week
News

JPA Sets Up Special Team To Study Four-Day Work Week

by Ikmal Rozlan
July 1, 2022

The Public Service Department (JPA) has formed a special team to study the viability of implementing a four-day work week...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    ISP

    TM Is Upgrading Network Infrastructure Nationwide: Provides Wi-Fi 6 Router To 100Mbps Plan

  2. 2
    News

    Employees In Klang Valley Spend 44 Hours In Traffic Jams Every Month

  3. 3
    Telco

    Maxis Customers Are Currently Facing Disruption: Restoration In Progress [UPDATE]

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.