The quantum of investment has yet to be known. The deal could boost the revenues of its affiliate Samsung SDI.

Samsung Electronics, the South Korean electronics giant has disclosed that it has agreed to acquire a stake in BYD, a Chinese auto manufacturer. This strategic decision could boost its revenues from smartphone and electric components.

Samsung has said that the quantum of investment has yet to be finalised.

In what could be another strategic stance, it has downplayed market expectations that this partnership could enable Samsung SDI, its affiliate, to supply batteries for electric vehicles to BYD.

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