Samsung Confirms It Will Not Make Electric Cars
Citing two senior Samsung executives directly involved in the matter, The Korea Times reports that the company decided against making electric cars because it doesn’t believe the segment will see sustainable profits. Additionally, Samsung already supplies various components to existing EV manufacturers. The company entering the market itself may lead to a conflict of interest. The Korean firm wants to avoid that too. It doesn’t want to compete directly against its customers and be involved in a situation similar to the patent litigation battle with Apple that lasted for more than ten years....