Information about the intentions of Samsung to invest in the Chinese manufacturer of batteries and electric BYD appeared before, but last week, Bloomberg reported official details about this transaction. Chinese manufacturer of electric vehicles, which are nominally considered the largest in the world, the proceeds from the placement of additional shares of funds will invest in the development of new models and the expansion of batteries production . That's one of the models of the brand electric BYD - e6 is able to pass on a single charge 300 km, to restore the battery in six hours from a conventional household electrical outlet, and the first hundred kilometers per hour, it transfer in less than ten seconds.
Chinese "daughter" Samsung this week spent about $ 449 million. For the purchase of BYD shares . The total value of the placed shares -. $ 2.17 billion Samsung has made five more investors, whose names were not called. However, it is known that under the control of American billionaire Warren Buffett structure owned about 10% of BYD.
For Samsung this transaction is necessary for the sake of securing positions in the growing Chinese automotive market. Local authorities recently blocked access to the Korean manufacturer to the market of batteries, Samsung was forced to act indirectly. Related Products :
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