Samsung, Tesla in talks over electric vehicle battery supply

Samsung could become an additional battery supplier for Tesla as the firm seeks to expand its EV range.
Written by Charlie Osborne, Contributing Writer

Tesla and Samsung are in talks over the South Korean firm potentially supplying batteries suitable to power electric vehicles (EVs).

The automaker confirmed Friday that Samsung SDI, a unit of electronics maker Samsung Electronics, will potentially supply the firm with EV-suitable batteries as Tesla expands its lineup and give consumers more models to choose from.

While the deal is far from done, finding additional suppliers of batteries -- especially from companies which are able to assist in improving the efficiency and charge of batteries through research and development -- is crucial for companies like Tesla to keep interest and momentum going in the electric vehicle industry.

See also: The most affordable electric vehicles in 2013

According to Opplysningsraadet for Veitrafikken (OFV), an agency which compiles data on Norwegian car sales, while Norway is one of the top ten oil exporters, Tesla's S electric car has topped the list of new car registrations -- the first time that an EV has won first place.

In the month of September, there were 616 registrations of the Tesla S, accounting for 5.1 percent of total registrations. Overall, EVs took 8.6 percent of the market -- in comparison to 5.2 percent a year ago.

Via: Reuters

Image credit: Tesla

This post was originally published on Smartplanet.com

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