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Samsung

Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It is the largest South Korean chaebol. Key subsidiaries include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T.

BYD plans to use the proceeds from the placement to fund an expansion in battery production and research and development into new-energy vehicles. Photo: Reuters

Samsung unit buys 3b yuan stake in BYD

BYD, the electric-car maker backed by Warren Buffett’s Berkshire Hathaway, said a unit of Samsung Electronics bought a three billion yuan stake in the Chinese company.

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