‘Samsung is about as profitable as Ford, Renault, Hyundai and the VW Group combined’

I want I’d stored each and every factor of Auto Express since day one. Had I accomplished so, I’d have a replica of the ‘Samsung is coming’ headline and tale I wrote in a while once we introduced in 1988. In the 3 many years since, Samsung has turn out to be South Korea’s biggest and maximum profitable corporate. 

Very intentionally it’s simply dabbled in the automotive recreation thus far – principally, however now not completely, by the use of its downplayed fringe trade, Renault Samsung Motors. But I’ve at all times suspected that once (now not if!) the large launches itself totally on the international car degree, it’s some distance too huge, rich, suave and proud to take action along with a standard automotive maker. 

If earnings are anything else to head by means of – and they’re as a result of they fund the best possible ranges of R&D, salaries, greatest acquisitions plus the proper factories in the proper nations – then Samsung leaves maximum old-school automotive makers taking a look like cottage industries scratching to become profitable. A 17 consistent with cent year-on-year hike in annual earnings to just about $20billion places it amongst the global’s most sensible 10 companies. 

On its personal, Samsung was once about as profitable remaining yr as Ford, Renault, Hyundai and the VW Group mixed. It’s wealthy sufficient to turn out to be extra of a big EV participant and now has the will, plus the technical functions, to head deep down the auto highway. If it might do state-of-the-art plane, army cars and globally important shopper merchandise, it might no doubt do driverless or driveable electrical automobiles and vehicles. Samsung cars or car tech are set to turn out to be as a lot part of our lives as its different units, such as smartphones. 

The corporate just lately paid $8billion to procure Harman, which is able to a great deal lend a hand in its attack on the international EV marketplace. The two companies remaining week established the Samsung Automotive Innovation Fund ahead of including that they’ll play a “leadership” function in supporting and shaping hooked up cars.

When its EVs (some Samsung-branded, some now not) arrive, these types of shopper items might be chatting with and operating with every different. At the very least, your Samsung telephone will substitute your sat-nav tool. And don’t rule out your EV robotically switching in your Samsung leisure machine and central heating when it detects you’re heading house on a iciness’s night time. Not that you just’ll essentially want to, as a result of your ‘Samcar’ may just double as a tiny indifferent area on wheels.

Which tech large do you suppose could have the greatest function in the automotove trade in the future years? Let us know in the feedback under.

‘Samsung is about as profitable as Ford, Renault, Hyundai and the VW Group combined’

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