No, Samsung does not make EV

Samsung has had a firm grip on various niches in the auto parts industry for several years now. With his own digital cockpithis property car processorand several EV battery power offerswould not be surprised if the hardware giant ever comes on the market with its own electric car.

But Samsung recently decided not to produce a special electric brand, as two senior executives said The Korea Times

Two reasons why

The first reason behind this decision is that the company does not believe its entry into the EV segment will deliver sustainable profits.

Sign up and get your free EV guide

The Beginner’s Guide to Buying an EV

As one of the sources explained:

Samsung still has a lot of work to do to address design-focused issues when it comes to handling the completed EV business. This will cost a lot and can have unguaranteed value from Samsung’s point of view.

The second reason is that the Korean tech giant is trying to avoid any conflict of interest with its current and potential customers.

This reminds of Samsung’s patent disputes with Apple (which supplies the former electronic components) for intentionally infringing upon the design features of the iPhone.

“Another important lesson Samsung has learned from its Apple battle is to always be aware of compliance-oriented management,” said one of the two executives.

As they noted, the company’s priority is to maintain the quality of its existing partnerships, rather than enter new business segments, which could harm the best interests of its corporate clients.

Indeed, a Samsung EV would disappoint countless customers of the industry-affiliated company.

Let’s not forget that Samsung sells SDI batteries to automakers, including Stellantis, BMW and Ford. At the same time, Samsung Display supplies car manufacturers with displays and Samsung Electro-Mechanics collaborates with brands such as Tesla.

And when we add to how competitive the EV market already is, it seems like Samsung would have a lot more to lose from venturing into space. Instead, the tech giant is sticking to what it does best; that is definitely the safest approach.

Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

More from author

Related posts


Latest posts

Quality vs. Quantity: The Trade-off in Data Annotation Without the Right Tools

A bug tracking tool or issue tracker, such as BugHerd, is a specialized bug tracking system designed to record and track website or software...

Data Security in the Digital Age: Best Practices for Backing Up Essential Information

In the age where digitalization has permeated everything, the sheer importance of data security cannot be overemphasized. Whether it may be personal pictures and...

10 Tips To Work From Home For Less

Over the past few years, the idea of remote work has seen a significant surge in popularity, providing employees with the valuable advantages of...