Samsung boosts China hopes with BYD stake

Samsung bought a $450 million stake in Chinese electric car maker BYD last week. Analysts think the move made sense for a company that has had previous China hopes dashed.

Samsung has had a tough time breaking into China's car battery market. But it took a step forward at the end of last week, when it bought a Rmb3 billion ($450 million) stake in electric car-maker BYD.

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