The Apple Car rumor just took a more interesting twist with news that Samsung is acquiring Canadian auto supplier Magna International Inc. for an undisclosed sum.
Samsung SDI, the South Korean firm’s material and energy solution providing arm, itself confirmed the acquisition in a media release Monday, saying it was acquiring Magna International’s battery pack unit.
Magna, which has its headquarters in Aurora, Ontario, Canada, sells its vehicle battery technology to Tesla and other car makers and has recently been linked to Apple’s secret electric car project…. Read the rest of this post here
“Samsung buys rumored Apple Car battery partner Magna International” is an article by iDownloadBlog.com.
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