Samsung is planning to invest about $450 million in Chinese electric car maker BYD

Samsung has dropped a hint at its future direction, with its next play to get more involved in the electric car. The company announced it is to buy a stake in Chinese electric car manufacturer BYD which will initially let both companies “[strengthen] electric vehicle parts and smartphone parts businesses”.  However Samsung also added, “We plan to discuss cooperation in various businesses going forward” – which is where things get more interesting.