Samsung Electronics secured a major deal with Volkswagen. Volkswagen placed a big order with Samsung. The order is worth about five billion dollars. Samsung’s car tech unit got this order. The unit makes electronic parts for vehicles. This is a large agreement for both companies.
(Samsung’s automotive electronics department received a $5 billion order from Volkswagen)
Volkswagen needs advanced electronics. It needs them for its new electric cars. Samsung will supply these parts. The parts include displays and chips. They also include camera systems. These parts are crucial for modern cars. Samsung makes these parts. It also provides systems for cars.
The agreement covers several years. It starts now. Deliveries will begin in 2025. Samsung will provide key technology. This technology will go into Volkswagen electric cars. The cars will be sold globally. This deal strengthens Samsung’s position. It shows Samsung is a top auto supplier.
Volkswagen wants more electric vehicles. This deal helps that goal. Samsung’s reliable parts are important. Volkswagen needs these parts. The German carmaker trusts Samsung. Samsung has proven tech. Volkswagen needs this tech for its future cars.
Executives from both companies commented. A Samsung leader spoke. He said the company is proud. Proud to support Volkswagen. He said Samsung offers top solutions. These solutions are for next-generation cars. He emphasized the strong partnership. A Volkswagen executive also spoke. He said Samsung is a key partner. He said Volkswagen needs strong suppliers. Suppliers like Samsung are vital. They help build better electric cars.
(Samsung’s automotive electronics department received a $5 billion order from Volkswagen)
This order is very significant. It is one of Samsung’s largest automotive deals. It shows the auto industry is changing. Electronics are becoming more important. Car companies need advanced electronics partners. Samsung is winning business in this area. The company expects more growth. Growth in the automotive electronics sector.