Remember the time we told you Apple could be secretly working on the production of electric cars? Well, there might be a barrier to that happening sooner, especially since Samsung’s involved in it.
How you ask? Samsung’s officially acquired Magna Steyr’s battery business – the same company Apple was reportedly in talks with for its electric car. If you haven’t heard of Magna Steyr, it’s an Austrian company that assembles cars for vendors like Volkswagen, Audi, and Fiat.
But the bit Samsung’s interested in is Magna Steyr’s other business, which designs and builds car parts, in addition to battery systems for electric and hybrid vehicles. So as a result of this deal, Samsung SDI’s capabilities in batteries for electric vehicles will be enhanced.
This means only Magna Steyr’s battery pack business will be affected, instead of the manufacturing part of it – leading to the possibility that Apple could still work with the company, if it was already intending on doing so earlier.
Now, what we’re curious of is the purpose of Samsung’s acquisition – is it just what we see at face value or could it lead to something bigger in the near future? Perhaps, the South Korean multinational conglomerate might create an electric car of its own.
It’s recently highlighted research that the global market for electric vehicles, including hybrid and plug-in hybrid models, is forecast to reach 7.7 million vehicles by 2020, as compared with 2.1 million in 2014.
So, we can’t say for sure if it’s eyeing the electric car space but with both Apple and Google dipping their toes in it, it’s a natural assumption that Samsung might follow suit too.
[Source: Business Insider]