Despite Sony Announcement, Samsung Says It Does Not Plan to Develop an Electric Car
I guess we will see how long this position lasts with other electronic rivals like Sony and Apple developing plans to enter the EV market:
![Samsung Electronics' business heads talk strategy during a press conference on Wednesday in Las Vegas. [SAMSUNG ELECTRONICS]](https://i0.wp.com/koreajoongangdaily.joins.com/data/photo/2022/01/06/10d445e4-4292-4ac0-8d07-5ca957c58553.jpg?w=640&ssl=1)
After Sony made a surprise announcement that it would start making electric vehicles, everyone at CES 2022 wanted to know if Samsung Electronics was going to too.
Han Jong-hee, the vice chairman of the tech giant who oversees consumer electronics and smartphones, suggested not Wednesday, although automotive devices and parts are of interest to the company.“We’ve expanded the automotive business, especially through an acquisition of Harman,” Han said during a press conference on the sidelines of the tech trade show, which runs through Jan. 7.
Joong Ang Ilbo
“But we don’t have any plan to enter car manufacturing,” he said.
You can read more at the link, but Samsung at one time had Samsung Motors that built cars. However, this venture failed and they ended up selling it to Renault. This prior failure may be why they are hesitant to enter the EV market.
