Tag: Samsung

Samsung has revealed a long-lasting electric vehicle (EV) battery prototype that may eliminate buyers concerns of a limited driving range.

It is designed to improve the futuristic cars driving range as well as reducing the impact to the environment in production.

Samsung SDI, the battery-making affiliate, unveiled the prototype at the recent Detroit Auto Show. The design sports a high-density prototype battery, which allows a driving range of up to 600 km off one single charge.

This is a vast improvement in comparison to other available batteries which can only reach 500 km without recharging.

Samsung is expected to start commercial production of the electric vehicle batteries by the year 2020.

Long-range batteries make EV’s more attractive

Range anxiety is a commonly faced issue of electric vehicle drivers/ potential buyers. Electric vehicle charging stations are becoming increasingly common these days, however they are very scarce compared to traditional fuel stations.

As many electric vehicles have a low driving range, the [...]

In the field of technology, batteries offer the greatest innovation opportunities. The company that can create a more powerful yet small battery is the one that’s set to make tons of money.

This explains why Seeo is getting a lot of interest from investors. This California based company specializes in developing rechargeable lithium-ion batteries and just recently it declared the closure of a $17M Series E round.

But perhaps what is even more interesting is the fact that it was Samsung who funded it. More specifically, it’s Samsung investment arm Samsung Ventures alongside GSR Ventures and Khosla Ventures.

Considering Samsung’s superior position in the consumer electronics industry, it is very obvious that the company has vested interest in seeing the development of better batteries. But take note that its investment is not really solely about the creation of a newer and better Galaxy smartphone.

Seeo says the company will use the funding to accelerate the [...]