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.

Samsung Electronics, one of the South Korean conglomerate's listed subsidiaries, was part of a group of six investors to take part in a primary share sale from BYD, which is backed by Warren Buffett’s Berkshire Hathaway.

The investment came after one of Samsung's battery-making subsidiaries, Samsung SDI, was excluded from a list of suppliers approved by the Chinese government for subsidies. LG Chem, which alongside Samsung...

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