The Apple Car rumor just took a more interesting twist with news that Apple supplier Samsung has acquired Canadian auto supplier Magna International Inc. for an undisclosed sum.
Samsung SDI, the South Korean firm’s material and energy solution providing arm, itself confirmed the acquisition in a media release Monday, sayinh it was acquiring Magna International’s battery pack unit.
Magna, which has its headquarters in Aurora, Ontario, Canada, already sells vehicle battery technology to Tesla and other car makers and has recently been linked to Apple’s secret electric car project.... Read the rest of this post here
"Samsung buys rumored Apple Car battery partner Magna International" is an article by iDownloadBlog.com.
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