Samsung wants to start making electric vehicle components

Samsung already makes practically everything having to do with electronics, from kitchen appliances to semiconductors, but the company is on a mission to make LITERALLY everything having to do with electronics, including electric vehicles. Last night, the company announced that intends to begin developing and manufacturing components for electric vehicles, but it clarified that this doesn’t mean it’ll be re-entering the automotive market. Samsung dipped its toes into the market back in the mid-1990s, but ended up abandoning those plans a few years later in response to an East Asian financial crisis.