BYD Auto Co.
Samsung invests $449 million in China's BYDFri, 22, Jul 2016
Samsung pursued a stake in EV specialist BYD after an affiliate was among foreign battery makers left off a list of suppliers approved by China, where sales of EVs are surging and the government has sped up construction of charging points. For Samsung, the foray into the auto industry is also a way to help make up for declining growth in hardware businesses such as televisions and smartphones.
Samsung seeks stake in China's BYD to boost chip businessThu, 14, Jul 2016
Samsung Electronics said it was in talks to acquire a stake in Chinese automaker BYD, a move it said would help the South Korean electronics giant boost its chip business for electric vehicles.