The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Could Samsung Electronics Become Major Player in EV Market?
What does a company known for televisions and smartphones know about cars?
A recent string of filed patents might provide the answer in a few years.
Samsung Electronics Co. has filed patents in the U.S. and South Korea for components and technologies typically used to manufacture electric vehicles (EV), according to the The Wall Street Journal. The company and its parent, Samsung Group, both told the publication this week that there are no plans to enter the EV market. However, the nature of the patent and some of its comments certainly leave the door open.
“Hybrid vehicles and electric vehicles have gained more popularity due to harmful environmental effects from air pollution and an increasing shortage of fossil fuels,” Samsung Electronics said in one of the filings.
Samsung already has ties to the EV industry through its affiliate, Samsung SDI. The latter company makes rechargeable EV batteries for the likes of BMW, Chrysler and Mahindra & Mahindra Corp.
Making EVs would be Samsung's second crack at the auto industry. The company launched Samsung Motors Inc. and its SM Series sedan before selling it to France-based Renault SA after the Asian Financial Crisis of 1997. The two companies agreed to keep the name Renault-Samsung Motors Corp. until 2020, but Samsung has nothing to do with its business operations.
Given that experience, one analyst believes Samsung is feeling out the industry for a move in the future when it expands even further.
“Should the world enter an era of electric vehicles, the borderlines between auto makers and electronics companies will be blurred,” said Jae H. Lee, an analyst with Daiwa Securities.
Visit EcoWatch’s TRANSPORTATION page for more related news on this topic.
EcoWatch Daily Newsletter
Extreme weather events supercharged by climate change in 2012 led to nearly 1,000 more deaths, more than 20,000 additional hospitalizations, and cost the U.S. healthcare system $10 billion, a new report finds.
A Bay Area conservation group struck a deal to buy and to protect the world's largest remaining privately owned sequoia forest for $15.6 million. Now it needs to raise the money, according to CNN.
The Rugby World Cup starts Friday in Japan where Pacific Island teams from Samoa, Fiji and Tonga will face off against teams from industrialized nations. However, a new report from a UK-based NGO says that when the teams gather for the opening ceremony on Friday night and listen to the theme song "World In Union," the hypocrisy of climate injustice will take center stage.
By Wudan Yan
In June, New York Times journalist Andy Newman wrote an article titled, "If seeing the world helps ruin it, should we stay home?" In it, he raised the question of whether or not travel by plane, boat, or car—all of which contribute to climate change, rising sea levels, and melting glaciers—might pose a moral challenge to the responsibility that each of us has to not exacerbate the already catastrophic consequences of climate change. The premise of Newman's piece rests on his assertion that traveling "somewhere far away… is the biggest single action a private citizen can take to worsen climate change."
On Monday, Sept. 23, the Climate Group will kick off its 11th annual Climate Week NYC, a chance for governments, non-profits, businesses, communities and individuals to share possible solutions to the climate crisis while world leaders gather in the city for the UN Climate Action Summit.
By Pam Radtke Russell in New Orleans
Local TV weather forecasters have become foot soldiers in the war against climate misinformation. Over the past decade, a growing number of meteorologists and weathercasters have begun addressing the climate crisis either as part of their weather forecasts, or in separate, independent news reports to help their viewers understand what is happening and why it is important.