Samsung will challenge Tesla with its own electric car batteries

Samsung has chosen a wise time to start building long-range car batteries: China plans to ban gas-powered cars and automobile giant Volkswagen will offer electric versions of all their vehicles by 2030. 

These millions of forthcoming vehicles will need powerful batteries, and Samsung just introduced its “multifunctional battery packs” at the 2017 Frankfurt Motor Show, which it claims can power electric cars for up to 430 miles. That would theoretically get you from Los Angeles to San Francisco with about 50 miles to spare.

For reference, Tesla says that the recently released Model 3, its affordable class vehicle, has batteries that can power the car for 220 miles. Read more...