Jenith
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Samsung doesn't make cars but it makes a lot of components that go into modern cars, everything from cameras, OLED displays, memory to batteries. China is fast becoming the dominant player in the global EV industry so getting a piece of that pie can mean big business for the company.
That's precisely what it has been able to achieve. Samsung Electro-Mechanics has begun supplying components, particularly multilayer ceramic capacitors, worth millions of dollars to many Chinese car makers, including BYD.
BYD has become the company to beat in the global EV market. It's now the largest electric vehicle maker in the world, having already overtaken Tesla by a long shot. BYD's relentless growth knows no bounds and Samsung can surely capitalize on that.
The capacitors Samsung is supplying BYD and other EV makers are crucial to the stable operation of EVs. They control the flow of electricity through charging and discharging as needed. An EV typically has between 3,000 – 10,000 multilayer ceramic capacitors handling everything from driver assistance features to power transmission and infotainment.
Samsung sees China's expanding EV market as a major business opportunity. Samsung Electronics Chairman Jay Y. Lee visited China last month and went to the headquarters of both BYD and Xiaomi, meeting with their top leaders to strengthen the business relationship.
The Korean is emerging as a key player in the EV supply chain, providing other valuable components such as camera lenses and semiconductor package substrates. So even though the company itself may never make a car, and maybe it gave up all dreams of that after seeing Apple burn billions on a car project, it has rightly positioned itself to take full advantage of the world's shift to EVs.
The post Samsung taps into China’s massive electric vehicle opportunity appeared first on imeisource.
That's precisely what it has been able to achieve. Samsung Electro-Mechanics has begun supplying components, particularly multilayer ceramic capacitors, worth millions of dollars to many Chinese car makers, including BYD.
Samsung Electro-Mechanics sees a boost in earnings following increased sales
BYD has become the company to beat in the global EV market. It's now the largest electric vehicle maker in the world, having already overtaken Tesla by a long shot. BYD's relentless growth knows no bounds and Samsung can surely capitalize on that.
The capacitors Samsung is supplying BYD and other EV makers are crucial to the stable operation of EVs. They control the flow of electricity through charging and discharging as needed. An EV typically has between 3,000 – 10,000 multilayer ceramic capacitors handling everything from driver assistance features to power transmission and infotainment.
Samsung sees China's expanding EV market as a major business opportunity. Samsung Electronics Chairman Jay Y. Lee visited China last month and went to the headquarters of both BYD and Xiaomi, meeting with their top leaders to strengthen the business relationship.
The Korean is emerging as a key player in the EV supply chain, providing other valuable components such as camera lenses and semiconductor package substrates. So even though the company itself may never make a car, and maybe it gave up all dreams of that after seeing Apple burn billions on a car project, it has rightly positioned itself to take full advantage of the world's shift to EVs.
The post Samsung taps into China’s massive electric vehicle opportunity appeared first on imeisource.