Nope, Samsung isn’t making an EV
The company wants to avoid any conflict of interest with its automotive clients
Two reasons why
The first reason behind this decision is that the company doesn’t believe its entrance into theEVsegment will bring sustainable profit.
As one of the sources explained:
The second reason is that the Korean tech giant is trying to avoid any conflict of interest with its current and potential clients.
This recallsSamsung’s patent litigation with Apple(whom the former is supplying with electronics parts) over intentional infringement of iPhone design features.
“Another key lesson that Samsung learned from its Apple fight is to always have an awareness of compliance-focused management,” one of the two executives said.
As they noted, the company’s priority is to maintain the quality of its existing partnerships, rather than enter new business segments, which could hurt the best interests of its corporate clients.
A Samsung EV would indeed dissatisfy numerous clients of the company affiliated with the industry.
Let’s not forget that Samsung SDI is selling batteries to automakers including Stellantis, BMW, and Ford. At the same time, Samsung Display is supplying displays to car manufacturers, and Samsung Electro-Mechanics is working with brands like Tesla.
And if we add to that how competitive the EV market already is, it seems that Samsung would have much more to lose venturing into the space. Instead, the tech giant is sticking to what it does best; that’s definitely the safest approach.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainabili(show all)Ioanna is a writer at TNW. She covers the full spectrum of the European tech ecosystem, with a particular interest in startups, sustainability, green tech, AI, and EU policy. With a background in the humanities, she has a soft spot for social impact-enabling technologies.
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