South Korean technology company Samsung is going to step in the world of non-driving or automobile technology. On December 8, Samsung announced the creation of a team for car parts, automatic vehicle technology and entertainment systems. This information was given in a report by Reuters news agency.
Vice-chairman of Samsung Electronics Electronics Business, Un Oh-Wu, will lead the new team.
Market analysts say Samsung was under pressure to find new businesses after the profit fell in the smartphone business. Then came the announcement of the introduction of vehicle machinery. Technology companies have already started showing interest in the automobile industry, and several companies have contract with car makers.
Google has been working to build auto cars over the past six years. Apple has created a software called Carple. Until then, Samsung was silent about this issue. Since 1990, Samsung had a business of car manufacturing. But in 1997 the financial crisis of Asia made that venture bankrupt Currently Samsung's SDI is working to produce lithium-ion batteries and Samsung electro-mechanical electric parts for electric cars.