Samsung, BMW may join forces for car batteries

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Samsung, BMW may join forces for car batteries

Samsung Electronics and BMW AG will discuss ways of expanding cooperation in areas such as car batteries, a Samsung official said yesterday.

Lee Jae-yong, Samsung Electronics’s chief operating officer (COO) and the heir apparent to Korea’s largest family-owned conglomerate, plans to meet BMW Chief Executive Norbert Reithofer, said the official, who declined to be identified.

“Lee left Seoul late last night and will touch on ways to expand tie-ups between the two companies in a meeting with Reithofer,” the official said, without disclosing the date of the meeting.

He hinted that Lee and Reithofer may discuss expanding joint projects on electric batteries for automobiles, as well as for other electronic parts used in vehicles. The German luxury carmaker has maintained ties with the Korean tech giant since it picked SB LiMotive as the sole supplier of automobile batteries in August 2009.

SB LiMotive is a 50-50 venture between Samsung SDI, an affiliate of Samsung Electronics, and the German engineering and electronics company Bosch GmbH.

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