Connect with us

Business

Samsung SDI plans to invest in the US looking at growing demands of EVs

Published

on

Samsung Logo

According to the latest info, the South Korean battery maker Samsung SDI is considering investing in the United States to meet the growing demand for electric vehicles, suppressing speculation about possible cooperation with major car manufacturers.

Samsung‘s battery manufacturing arm was reviewing various ways to build a new battery factory in the US to provide potential customers but remain alert with its system despite rising market expectations.

Join Sammy Fans on Telegram

Stellantis, the world’s fourth car manufacturer, is considered a potential partner of Samsung SDI as it plans to build its own battery production facilities to accelerate its EV transformation.

Samsung SDI is well on its way to partnering with Stellantis as two of its Korean competitors have already set up joint ventures with American car manufacturers to build battery factories.

LG Energy has announced a joint venture with General Motors to build battery factories in Ohio and Tennessee, in addition to its Michigan plant, under its plans to invest more than $4.5 billion in the United States by 2025.

However, SK Innovation and Ford are expected to launch a joint venture to build a $5.3 billion US battery that is separate from the two SK factories built in Georgia.

Samsung SDI has battery cell plants in South Korea, Hungary, and China and is using the Michigan battery pack assembly line built-in 2018. The company supplies batteries to German carmaker BMW and Fiat, now part of the Stellantis family, and has secured a deal with American Rivian, sponsored by Amazon and Ford, with its electric car and SUVs.

EVs accounted for less than 2 percent of U.S. car sales last year, mostly from luxury products, but industry analysts predict sharp growth over the past decade as EVs surpassed the first adoption.

STAY CONNECTED WITH US:

Hey, Camila is here! From the very beginning, I love using Samsung phones like a die-hard fan. Apart from detailing One UI features for readers, I love exploring different apps of the Samsung ecosystem with a cup of tea!

Business

Samsung leads Q3 smartphone market, Huawei’s entry haunts Apple

Published

on

Samsung Galaxy S23 Ultra Z Fold 4 Beige

Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.

Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.

Follow our socials → Google NewsTelegramX/TwitterFacebook | WhatsApp

Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.

Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.

Samsung Q3 2023 Smartphone Market TrendForce

// Source

Continue Reading

Business

Underdog phone brand jumped 50%, Samsung and Apple lost ground

Published

on

Samsung 55th shareholders meeting

In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.

According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.

Follow our socials → Google NewsTelegramX/TwitterFacebook | WhatsApp

Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.

Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.

Source

Continue Reading

Business

Samsung enjoyed 2023’s last victory over Apple?

Published

on

Samsung smartphone

Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.

According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.

Follow our socials → Google NewsTelegramX/TwitterFacebook | WhatsApp

The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.

The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.

Continue Reading