Samsung Files Electric Vehicle Related Patents – Don’t Expect to See a Samsung EV
A whole heck of a lot of fuss has been made over the recent electric vehicle-related patent filings made by Samsung, though we’ve no clue as to why.
As the Wall Street Journal reports:
“Samsung Group, South Korea’s largest conglomerate, is notoriously tight-lipped about its business plans. But a series of patent filings give an inkling of its interest in one niche segment: the market for electric vehicles.”
“Samsung Electronics Co.’s patent applications in the U.S. and South Korea this year cover parts and technology that could be used in electric vehicles, though both the parent group and the company told The Wall Street Journal on Tuesday that it has no plans to enter that market. Still, the filings lift the curtain on ideas the conglomerate might be toying with to diversify its sources of revenue.”
“Whether the company will decide to launch electric vehicles and profit from them is still in question. It didn’t immediately have an explanation on Tuesday why it was seeking the patents. The company regularly files hundreds of technology and design patents that stretch over a number of consumer products, some of which don’t make it into commercial production.”
As most of us know, there already exists an electric vehicle with Samsung in its name: Renault-Samsung Motors SM3 Z.E.
That vehicle is actually produced by Renault and all profits go to Renault. Samsung attempted to enter the automotive industry, but it was unsuccessful in doing so and later sold off that division to Renault. Renault agreed to maintain the Samsung name through 2020.
So, what’s Samsung doing back in the auto industry? The answer is simple: becoming a parts supplier.
With the automotive world increasingly turning to high-tech electronics in vehicles, Samsung needs to get in the mix. More specifically, we see Samsung likely supplying battery-side components for plug-in vehicles. Samsung, through its Samsung SDI division, already supplies li-ion cells to various automakers, so it seems right to assume that Samsung will branch out from there, perhaps into on-board chargers, battery control modules and so on.
What you shouldn’t expect to see is a future Samsung-branded electric vehicle. At least not one that doesn’t bear the Renault name, too.
Source: Wall Street Journal