Samsung Electronics snaps up $450m stake in Chinese EV pioneer BYD

Madeleine Cuff
clock
Samsung Electronics snaps up $450m stake in Chinese EV pioneer BYD

Investment gives Samsung a two per cent stake in Chinese electric vehicle giant

Electronics giant Samsung has purchased a $450m stake in Chinese electric carmaker BYD, according to a statement released late last week from BYD published on the Shenzen stock exchange. Samsung will...

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