Samsung Formed A Special Group to Focus on Electric Vehicle Research

You know that Samsung Group includes many companies, such as Samsung Electronics, Samsung SDI, Samsung SDS, and Samsung Electro-Mechanics. Today, we learned that they have formed a special group to focus on electric vehicle research.

The working group is conducting research on electric vehicles from various perspectives at the Samsung Seocho Building in Seocho-gu, Seoul.

What’s more interesting, the Samsung Group employees recently disclosed that the group had dismantled a Tesla Model Y. However, you shouldn’t think that Samsung is going to enter the electric car market. Some analysts believe that Samsung formed this group to obtain orders for Tesla batteries and parts.

Samsung electric vehicles batteries

In fact, Samsung Group subsidiaries have a clear division of labor, including but not limited to batteries, autonomous driving chips, automotive semiconductors, camera modules, and organic light-emitting diode (OLED) displays. So the Korean manufacturer is capable of producing various core components of the car.

Samsung Has Bad Memories Related To Electric Vehicles Production

Thus, there is every reason to think that Samsung can enter the car-making market. But if so, we have to recall that Samsung Group entered the automotive business in the 1990s and suffered major failures. Moreover, the company has previously officially stated that it had no intentions of making cars. But the company might act as a supply chain to empower car companies.

Previously, Samsung SDI, LG Energy, and Panasonic were competing for the development of 4680 batteries. Therefore, industry insiders believe that Samsung may have set up a special group on its own initiative to try to win more supply chain orders.

By the way, not that long ago, Samsung Electro-Mechanics recently signed a 4-5 trillion won ($3-$4 billion) camera module supply contract with Samsung Electronics. According to the agreement, it will supply version 4.0 camera modules for Tesla’s Model Y and S and Cybertruck trucks.

The industry believes that if Samsung SDI provides Tesla with medium and large cylindrical batteries, Samsung’s overall competitiveness will be greatly improved.

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