The South Korean electronics manufacturer Samsung Electronics Co. will become the owner of 4% stake in the Chinese manufacturers of electric vehicles BYD Co. According to Korean Economic Daily, the company buys new shares in the amount of 3 billion yuan ($450 million). Samsung representatives have confirmed that talks with BYD, whereas an investor is Berkshire Hathaway. The amount of the investment was not disclosed. According to Samsung statement, the partnership between the two companies may strengthen the Samsung business of manufacturing microchips for vehicles.

 

Photo: www.freemalaysiatoday.com

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