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<keyword id="21396729" type="General" weightage="20" keywordseo="range-anxiety" source="keywords">Range anxiety</keyword>, the fear that an <keyword id="19906970" type="General" weightage="20" keywordseo="electric-vehicle" source="keywords">electric vehicle</keyword> (<keyword id="19931191" type="General" weightage="100" keywordseo="EV" source="keywords">EV</keyword>) will run out of power before reaching its destination, has been a significant hurdle for EV adoption. But <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword>’s recent announcement may put those worries to rest. The tech giant is testing a <keyword id="22661253" type="General" weightage="20" keywordseo="solid-state" source="keywords">solid-state</keyword> <keyword id="20173742" type="General" weightage="20" keywordseo="battery" source="keywords">battery</keyword> that promises a driving range of about 1000 kilometres and can charge in just 9 minutes. Unveiled at the SNE Battery Day 2024 expo in Seoul, this breakthrough could transform the EV landscape. <h2>The future is solid (state)</h2>Samsung's new battery technology, based on solid-state principles, boasts impressive credentials. Unlike traditional <keyword id="21033572" type="General" weightage="20" keywordseo="lithium-ion" source="keywords">lithium-ion</keyword> batteries, solid-state batteries replace the liquid electrolyte with a solid material. This change enhances safety, reduces weight, and increases energy density. Samsung's prototype has an energy density of 500 Wh/kg, nearly double that of current mainstream EV batteries which typically hover around 270 Wh/kg. Further, these batteries have a reported lifespan of 20 years. “We built a pilot line last year to mass-produce all-solid-state batteries by 2027,” Samsung SDI told The Elec. The initial batches of these batteries have already been delivered to EV manufacturers for testing, and the feedback has been reportedly overwhelmingly positive. <h2><keyword id="20204471" type="General" weightage="20" keywordseo="charging" source="keywords">Charging</keyword> ahead of the competition</h2>The standout feature of Samsung’s solid-state battery is its rapid charging capability. Charging from 10% to 80% in just 9 minutes is a game-changer. For comparison, many of today's EVs require anywhere from 30 minutes to several hours to reach a similar charge level, depending on the battery and charging station used. Currently, in India, the Tata Nexon EV and MG ZS EV, two popular models, take about 60 minutes to charge from 0% to 80% using a fast charger. <div type="Article" hostid="261" msid="112184747" title="EV-iction notice: Why are electric vehicle owners switching back to petrol and diesel (ICE) cars?" mstype="2" mssubtype="0"></div>However, <keyword id="4393078" type="General" weightage="20" keywordseo="ola-electric" source="Orion">Ola Electric</keyword> is also testing new battery technology which promises improved range and charging times. As per reports, their new indigenous cells carry five times the energy compared to their imported counterparts from South Korea. Chairman Bhavish Aggarwal has noted that they are also experimenting on solid state batteries at the moment. <h2>The high cost of innovation and road ahead</h2>While the technology is promising, it’s not without its challenges. The initial high production costs mean that Samsung’s solid-state batteries will likely debut in the “super premium” EV segment. These luxury vehicles will benefit from the extended range and quick charging, setting a new standard for what consumers can expect from their EVs. <div type="Article" hostid="261" msid="112109869" title="Ola Electric IPO – MapMyIndia accuses company of stealing map data days before IPO opens" mstype="2" mssubtype="0"></div>The quest for better batteries is a global race. Chinese manufacturers like CATL are also pushing the envelope with advanced lithium-ion batteries that offer quick charging and extended lifespans. CATL’s recent announcement of a battery with a 20-year lifespan aligns with Samsung's vision. The competition is fierce, but Samsung’s entry into the solid-state battery market could tip the scales. Samsung’s solid-state battery represents a significant leap forward in battery technology. With a potential range of 1000 kilometres and the ability to charge in 9 minutes, it addresses two of the biggest concerns for EV owners: range anxiety and long charging times. While the initial high costs mean that it will be a while before this technology becomes mainstream, the future of EVs looks incredibly promising!

Finally a solution to EV range anxiety? Samsung is testing a battery that can run for 1000 km and charge in 9 minutes!

South Korean battery makers are estimated to have logged weaker-than-expected earnings in the third quarter amid a global shortage of automotive chips and recall of electric cars for battery fire risks, analysts said on Sunday. <keyword id="353149" type="General" weightage="20" keywordseo="samsung-sdi-co-" source="Orion">Samsung SDI Co.</keyword>, the battery-making unit of <keyword id="145888" type="General" weightage="20" keywordseo="samsung-electronics-co-" source="Orion">Samsung Electronics Co.</keyword>, is believed to have posted solid operating profit in the July-September period, but LG Energy Solution Ltd. and <keyword id="787160" type="General" weightage="20" keywordseo="sk-innovation" source="Orion">SK Innovation</keyword> Co. are expected to report tepid bottom line, according to the analysts. <keyword id="10591" type="General" weightage="100" keywordseo="samsung" source="Orion">Samsung</keyword> SDI is expected to log an operating profit of 345.2 billion won ($290 million) in the third quarter, up 29 per cent from a year earlier, according to a poll by <keyword id="378665" type="General" weightage="20" keywordseo="yonhap-infomax" source="Orion">Yonhap Infomax</keyword>, reports Yonhap news agency. Its brisk earnings are expected to be led by solid demand for electric vehicle (EV) battery products, with analysts forecasting Samsung SDI to log record revenue in the third quarter. LG Energy Solution, the world's no. 2 battery maker, is estimated to have logged an operating profit of 180-250 billion won last quarter. If its earnings reach some 180 billion won, it would mark a 75 per cent on-quarter fall. The weaker earnings outlook comes as US automaker General Motors announced in August that it will additionally recall Bolt EVs equipped with its subsidiary's batteries over fire risks. GM said it will recall some 73,000 EVs on top of similar recall of 69,000 Bolt EVs in July. LG Electronics has supplied GM with battery modules that are made with battery cells from LG Energy Solution. SK Innovation, the world's no. 5 battery maker, is expected to extend its operating loss into the third quarter, but its loss may narrow to 60 billion won from 97.9 billion in the second quarter, according to analysts. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/adar-poonawalla-backed-pharmacy-chain-wellness-forever-files-for-ipo/articleshow/86699746.cms">Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/top-earners-at-ritesh-agarwal-led-oyo-as-per-its-drhp/slidelist/86682750.cms">OYO’s Ritesh Agarwal took home ₹1.6 crore in FY2021 — here are the top earners in the IPO-bound company</a>

Samsung and LG battery units estimated to post tepid earnings in third quarter

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Corey Protin/Tech Insider</div></div></div>Samsung says its exploding smartphone debacle has not spread to China - despite reports of a smartphone catching fire in the country.On Monday, the South Korean electronics giant said that the Galaxy Note 7 that a Chinese user had claimed caught on fire was damaged by external heating, seeking to assure customers in the world's top smartphone market the devices being sold there are safe.The incident comes amid a recall of the Note 7 phones across the globe including South Korea and the United States - but not China - due to faulty batteries causing the devices to catch fire while charging or in normal use.Samsung has sold 2.5 million phones equipped with the suspect batteries, and the recall may cost it upwards of $1 billion (£770 million). Late on Sunday, Chinese online financial magazine Caixin cited an internet user's report that their Note 7 phone had caught fire in what appeared to be the first report in China of a fire involving the handset. If it was due to a battery malfunction, it would mean fresh woes for the company. But Samsung has said in a statement on its China website its investigation of the phone shows "the damage to this product was caused by external heating", without elaborating.Battery maker Amperex Technology Limited said separately on Monday one of its batteries was in the Note 7 phone in question, but added its joint investigation with Samsung determined the incident was not directly linked to a battery made by the China-based firm."According to the burn marks on the sample, we surmise that the source of the heating comes from outside the battery, and it's very likely that there was an external factor causing the heating problem," the battery maker said in a statement.A person familiar with the matter told Reuters the phone was damaged by an external heat source, possibly an induction oven or a fan heater. The person was not authorized to speak publicly on the matter and so declined to be identified.Another person familiar with the matter told Reuters that Samsung SDI Co Ltd was responsible for the faulty batteries that triggered the recall.Samsung last week announced a recall of 1,858 Note 7 phones in China but those devices were products distributed before the official Sept. 1 launch. The company said the phones sold through the official launch used batteries different from those in reported fires - and so has held off on issuing a recall in the country. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/monster-floor-cleaner-cleanses-grout-dirt-army-2016-9">This monster floor cleaner is incredibly satisfying to watch</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="9hOGJvNTE6QHQODH9H_TrrX1k46f8E2b" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Samsung says its exploding battery nightmare hasn't spread to China

Now that we are only a few days away from Diwali, the shopping frenzy has hit people really hard. In case you haven’t done your gadget shopping yet and don’t have the time to go through hundreds of deals popping up every minute, here’s a quick look at some interesting offers straight from the Big Brands (or their authorised retailers). Sales have been a bit tepid after the RBI scrapped the popular ‘0% <keyword id="6357050" type="COMPANY" weightage="100" keywordseo="EMI">EMI</keyword> scheme’ for consumer electronics buying and one can only use the <keyword id="6357149" type="CITY" weightage="80" keywordseo="HDFC-bank">HDFC Bank</keyword> credit card for 3-12 months’ easy payment option. While the bank charges the usual interest on credit card spending, some sellers also charge a flat processing fee – adding up to the cost. But even then, mobile and electronics rank high one on one’s shopping list, occupying the 2nd slot after clothes and accessories – according to a recent survey by Cashkaro.com, India’s leading cash-back and coupons site. So start your 5-minute browsing now to find out what suits your fancy and wallet this Diwali. 
 
Buy smart, save more with <keyword id="10591" type="CITY" weightage="100" keywordseo="Samsung">Samsung</keyword> 
Act smart and go for these fabulous bargains – owning a Samsung Galaxy has never been this easy. Now you can save Rs 3,100 on a Galaxy S III (16 GB) and buy one for Rs 25,400. The compact yet powerful Galaxy S4 Mini is also up for grabs – the price has been slashed by Rs 4,140 and it now costs Rs 23,360. But there’s more to it. 
 Under the <keyword id="1919910" type="UNKNOWN" weightage="100" keywordseo="Smart-Buy">Smart Buy</keyword> offer, one can get a 10% cash-back on the latest flagships – Galaxy S4 and Galaxy Note 2. The offer will be valid till November 5 and one has to use a <keyword id="6356454" type="CITY" weightage="80" keywordseo="standard-chartered">Standard Chartered</keyword> debit/credit card for the purchase. If you meet the criteria, this will bring down the price of Galaxy S4 from 41,500 to Rs 37350 while the Galaxy Note 2 <keyword id="999344" type="UNKNOWN" weightage="100" keywordseo="phablet">phablet</keyword> will cost you Rs 28,935, instead of Rs 32,150. In addition, the Korean giant is offering free accessories such as Maxx PBS-26-SDI smart charger and Plantronics ML2 Bluetooth headset. 
 
 
 
Smart upgrade from <keyword id="6354716" type="CITY" weightage="100" keywordseo="Nokia">Nokia</keyword> If you are still banking on M/s Reliable, check out these buyback offers from the Finnish handset maker. This Diwali, you can own a <keyword id="815197" type="UNKNOWN" weightage="100" keywordseo="Nokia-Lumia">Nokia Lumia</keyword> for less as you exchange your cell phone with any of these four handsets – Nokia Lumia 520, 620, 625 and 925. Just take your old phone to the nearest mobile store and get it assessed for the exchange value (you will find more information here (<a href="http://www.nokia.com/in-en/buyback/">http://www.nokia.com/in-en/buyback/</a>) regarding applicable devices). There’s an EMI provision as well, post the exchange discount ranging from Rs 4,000-10,000. Plus buyers get attractive deals in terms of movies, music and data usage. Good bargain, overall, for anyone looking to go the <keyword id="28168" type="TECHNOLOGY" weightage="100" keywordseo="Smartphone">smartphone</keyword> way on a budget. There’s also a free <keyword id="35450" type="COMPANY" weightage="80" keywordseo="insurance">insurance</keyword> scheme going with its Asha 501 model, valid till November 15. 
Image: Nokiarevolution.com 
 
 
 
Affordable <keyword id="6355629" type="CITY" weightage="100" keywordseo="Google">Google</keyword> gadgets If you love a superb <keyword id="6355645" type="COMPANY" weightage="80" keywordseo="android">Android</keyword> tablet at dirt cheap price, go for the <keyword id="1118355" type="UNKNOWN" weightage="80" keywordseo="Nexus-7">Nexus 7</keyword> with Wi-Fi (32 GB). Right now, you can get 31% discount on this model and Flipkart it for just Rs12,999. The high res screen, sleek look and good battery life, along with latest Android updates, make it a great purchase for budget shoppers. The 16 GB (Wi-Fi) variant comes with a whopping 37% <keyword id="1919911" type="UNKNOWN" weightage="100" keywordseo="price-slash">price slash</keyword> and costs only Rs 9,999, while Nexus 7C ((Wi-Fi, 3G, 32 GB) is priced at Rs 15,999 (27% discount). In case you are looking for the 2nd Generation Nexus, to be launched here in November, it’s already up online. eBay India is currently selling the 16 GB Wi-Fi model for Rs 22,490. 
 Those looking for a device between a tab and a netbook, can get their hands on Google’s lightweight laptops at Flipkart – the Acer C720 Chromebook for Rs 22,999 (11% off the original price) and the <keyword id="6367983" type="CITY" weightage="80" keywordseo="HP">HP</keyword> Chromebook 14 at Rs 26,990. You also get combo offers and additional discounts. One can also buy these at select Croma stores in Delhi and Mumbai. The HP system features a 14 inch screen and 32 GB storage, while the Acer one has 11.6 inch screen and 16 GB storage. The HP device also has more USB ports and a card reader. 
Image: droid-life.com 
 
 
 
Bond with Sony for more products per product Here, discounts vary from <keyword id="6356318" type="POSITION" weightage="100" keywordseo="Dealer">dealer</keyword> to dealer, but you get loads of freebies from the company when you buy a Sony product. In fact, you are pampered for choice when you take your pick from its wide range of Bravia televisions, <keyword id="49069" type="ORGANIZATION" weightage="100" keywordseo="Vaio">Vaio</keyword> laptops or the Xperia series of smartphones/phablets/tablets. For instance, you can buy a Bravia and get freebies like 3D Blu-ray players and Blu-ray movies, PS3, headphones and 8 GB USB drives for free. Then there are special <keyword id="25455" type="ORGANIZATION" weightage="100" keywordseo="finance">finance</keyword> offers to make it light on your pocket. 
 
For the Xperia range, one can get good deals from e-tailers like Flipkart, Snapdeal, HomeShop18, The MobileStore or Indiatimes Shopping. It starts from as little as Rs 6,500 for an Xperia Tipo and can go up to 43K for the latest waterproof smartphone Xperia Z1. Diwali offers from Sony also include freebies such as 5,000 mAh portable charger, MDR-ZX 100A headphone, premium case, snap-on cover and free data usage on different models. The Vaio line of laptops comes with bundled freebies including HDMI to VGA adapter dongle, MDR-ZX 100A headphone, and wireless keyboard &amp; mouse. 
 
 
 
 
<keyword id="13722" type="CITY" weightage="100" keywordseo="Lenovo">Lenovo</keyword> celebrating it big time Lenovo is celebrating this Diwali with lots of free accessories and discounts. You will get a sleek headset, a USB speaker and a wireless mouse with every <keyword id="13723" type="UNKNOWN" weightage="100" keywordseo="Laptop">laptop</keyword> you purchase, and a wireless headset for each all-in-one PC. Plus the company is giving generous discount on its <keyword id="516715" type="UNKNOWN" weightage="100" keywordseo="IdeaPad">IdeaPad</keyword> U, IdeaPad Z, <keyword id="720938" type="UNKNOWN" weightage="100" keywordseo="IdeaCentre">IdeaCentre</keyword> A and IdeaCentre B series. Just visit your nearest Lenovo shop and grab one. 
 
 
 
<keyword id="6354356" type="COMPANY" weightage="100" keywordseo="BlackBerry">BlackBerry</keyword> charm still on 
Those in love with the BB experience cannot go off it and the fabulous festival discounts on its premium Z10 model is bound to get some Diwali shoppers back to its fold. Earlier, BlackBerry announced an exchange offer on Z10, offering up to Rs 11,000 under the scheme. And you can still get it for Rs 29,990 as a limited period festival offer. But the e-tailers across India have really gone overboard with Diwali discounts and the last we checked, Z10 was up for grabs for as little as Rs 20,835 on eBay India. The smartphone running on the latest BB10 OS was launched here in February this year and was originally priced at Rs 43,499. 
 
 
 
Mad about Germany? Buy Bosch this Diwali Celebrate this festive season with exciting offers from Bosch, Europe’s leading <keyword id="16274" type="UNKNOWN" weightage="100" keywordseo="home-appliances">home appliances</keyword> brand, and win a trip for 2 to Germany. The scratch-and-win offer entitles 3 lucky customers (each gets two tickets) for the trip on a purchase of Bosch washing machines above 6 kg. And you also get to win assured discounts of Rs 250-Rs 9,999. The offer is available across all authorised Bosch dealers till November 15. There is a money-back offer for Bosch dishwashers as well, valid till the end of November. It gives you a chance to buy a dishwasher and return it within 30 days, if you are not satisfied. 
 
 
 
With LG’s offerings, life feels good An exciting brand with loads of top-end gadgets and domestic appliances. Visit the <keyword id="1919905" type="UNKNOWN" weightage="100" keywordseo="LG-Brand-Shops">LG Brand Shops</keyword> this Diwali for attractive cash-back offers, free insurance (for 6 months) and discount on annual maintenance cost (for domestic appliances). Try out the combo offers on LED <keyword id="6355065" type="COMPANY" weightage="100" keywordseo="tv">TV</keyword> and home theatre system (costs around Rs 55,000) or the Cinema 3D range of televisions for as low as Rs 42,000. As for mobile fads, LG Nexus 4 (16 GB) under 24K could be a good choice. 
Image: LG 
 
 
 
 
Finally, Kindle deals from <keyword id="6354743" type="COMPANY" weightage="100" keywordseo="Amazon-India">Amazon India</keyword> Here is the last of the bunch, from the e-commerce giant. Amazon India has just announced special Diwali offers on its <keyword id="831408" type="UNKNOWN" weightage="100" keywordseo="Kindle-e-reader">Kindle e-reader</keyword> and <keyword id="1919917" type="UNKNOWN" weightage="100" keywordseo="Kindle-Fire-HD-8-9-inch-tablet">Kindle Fire HD 8.9 inch tablet</keyword>s. Now you can buy a Kindle e-reader (not the Paperwhite devices) for Rs 4,999 instead of Rs 5,999. The 16 GB Kindle Fire HD 8.9 inch tablet is now available for Rs 17,999 – an aggressive price drop of Rs 4,000 from the earlier Rs 21,999. The 32 GB variant has seen a similar price cut – it is now available at Rs 21,999 instead of Rs 25,999. All offers are valid till November 1 and you only get them if you buy the gadgets from the Amazon India site. 
 
 
 
 
Image of fireworks: Wikipedia

Last-minute Diwali Shopping: Check Out These Top 9 Gadget
Deals

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">APA Galaxy Note 7 that overheated.</div></div></div>Samsung still hasn't said what caused its Galaxy Note 7 phone to explode, leading to an unprecedented cancellation of the entire product line this week.But there are some indications that the company may have rushed replacement Note 7s to market following the <a href="http://www.businessinsider.com/samsung-galaxy-note-7-recall-2016-9">first recall of the defective devices on September 15</a>.According to reports by <a href="https://www.bloomberg.com/news/articles/2016-10-12/investigators-said-to-suspect-new-battery-flaw-in-samsung-note-7">Bloomberg</a> and <a href="http://www.nytimes.com/2016/10/12/business/international/samsung-galaxy-note7-terminated.html">The New York Times</a>, the original line of Note 7s had a battery manufactured by SDI, a Samsung subsidiary. After receiving dozens of reports that Note 7 phones were overheating or exploding, Samsung issued a formal recall. The company then decided to use batteries from the Chinese manufacturer Amperex Technology Limited in replacement Note 7s.But the Amperex batteries didn't solve the problem, and reports started popping up that even the replacement Note 7s were overheating and smoking. Most notably, a replacement Note 7 started smoking on a Southwest Airlines flight last week, forcing an evacuation before the plane could take off.Samsung officially killed the entire Galaxy Note 7 line on Tuesday.Early reports suggest the original run of SDI batteries were too large for the body of the Note 7, which caused them to become "pinched" and overheat or explode. Samsung's solution was to replace the SDI batteries with Amperex batteries instead, but there's no indication rigorous testing was done to make sure they were safe.The replacement Note 7 phones with Amperex batteries were on sale within a week of the first recall. It's that rush job that could've led to the overheating in the replacement devices. The batteries may not have been to blame after all, but instead the way they were squeezed into the phone.A Samsung spokesperson said the replacement Note 7 batteries were made by a different manufacturer than the original devices and that the company is investigating what went wrong with the replacement phones. Samsung will announce the findings of its investigation in the coming weeks, the spokesperson said. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/samsung-exploding-batteries-fire-galaxy-note-7-shares-17-billion-smartphone-2016-10">Samsung has killed the Galaxy Note 7 and it could cost them $17 billion</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="dnc3ZqNjE6TgJGFPoeRB18S0gUMJdzBx" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Samsung's rush to find replacement batteries may be to blame for the Galaxy Note 7 disaster

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersSamsung group chief, Jay Y. Lee.</div></div></div>The mystery of why Samsung's Note 7 phones kept exploding might finally be solved. The company is <a href="https://news.samsung.com/global/samsung-to-announce-findings-of-galaxy-note7-investigations-at-press-conference">planning to reveal the results</a> of its investigation into the faulty devices this weekend, and according to a <a href="http://www.wsj.com/articles/samsung-investigation-blames-battery-size-for-galaxy-note-7-fires-1484906193">Wall Street Journal report,</a> it's going to blame two separate battery issues.First up is that some Note 7 batteries were "irregularly sized", leading them to overheat and explode. That led Samsung to recall its first batch of devices.The problems didn't stop there. Samsung stepped up phone production to make up for the Note 7 shortfall but, according to the report, that resulted in more problems. This time, the batteries had an unspecified manufacturing issues that again caused the phones to explode, leading Samsung to issue its full recall in October.It's reportedly taken three quality-control and supply chain analysis firms to reach this conclusion, with Samsung set to blame the manufacturing partners responsible for its batteries.A Samsung affiliate, Samsung SDI, was reportedly responsible for the first set of faulty batteries. The second batch was supplied by Hong Kong's Amperex Technology Ltd.Samsung apparently plans to step up its testing and inspections to stop the problem from happening again.The company is separately battling its own domestic scandal, with group chief Jay Y. Lee embroiled in <a href="http://uk.businessinsider.com/r-south-korean-court-dismisses-request-to-arrest-samsung-chief-2017-1">allegations of political corruption</a>. He was questioned this week over alleged bribery and has denied the accusations. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/hidden-iphone-map-reveals-location-2017-1">There's a hidden map in your iPhone of everywhere you've been</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="h1ZzV4eDrFeMVarsiwx5YaP_PbbKypBn" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Samsung will reportedly blame 'irregular sized' batteries and manufacturing problems for its exploding Note 7

<div class="KonaFilter image-container float_right"><div class="image on-image"></div></div>Samsung announced the acquisition of Magna Steyr's battery business <a href="http://www.samsungsdi.com/about-sdi/pr-center/sdi-news/view?mode=&amp;pageno=1&amp;seqno=1691&amp;key=&amp;keyword=">in a press release</a> on Monday.This comes a few days after reportes emerged that Apple was <a href="http://www.wsj.com/articles/apples-titan-car-project-to-challenge-tesla-1423868072">in talks with Magna Steyr</a> in relation to producing an electric car.Magna Steyr is an Austrian-based manufacturer that assembles cars for companies like Audi, Fiat, GM, and Volkswagen. It also has other businesses that design and build car parts, including battery systems for electric and hybrid vehicles.The Samsung deal includs only Magna's battery pack business, not the manufacturing business. So Apple could still work with Magna Steyr to build the cars it designs if in fact it follows through with the project.The acquisition comes as <a href="http://www.businessinsider.com/apple-is-reportedly-poaching-samsung-battery-experts-to-build-electric-car-2015-2">Apple has tried to hire away Samsung's battery experts</a> and engineers. Samsung didn't say how much it paid for Magna's battery business. Samsung SDI <a href="http://www.samsungsdi.com/about-sdi/pr-center/sdi-news/view?mode=&amp;pageno=1&amp;seqno=1670&amp;key=&amp;keyword=">already makes batteries for BMW's electric cars</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/a-tanker-truck-carrying-90000-gallons-of-fuel-just-burst-into-flames-2015-2">A tanker truck carrying 9,000 gallons of fuel just burst into flames</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="9xOXRqczqKILR1dQ7CCbue9ehBQSXyYo" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Samsung may have just thrown a wrench into Apple's car plans

Three South Korean electric vehicle (EV) <keyword id="1759430" type="PERSON" weightage="20" keywordseo="battery-makers">battery makers</keyword> accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said on Monday. The trio -- <keyword id="10479045" type="COMPANY" weightage="20" keywordseo="LG-Energy-Solution">LG Energy Solution</keyword>, Samsung SDI and SK Innovation-- supplied a combined 47.8 gigawatt-hour (GWh) equivalents of EV batteries in the January-March period, up 127 percent from a year earlier, according to the data by SNE Research. Their sales of EV batteries sharply rose in line with solid demand for battery-powered vehicles by major automakers, but the combined share declined from last year's 37.8 percent as Chinese manufacturers expanded their presence on their home turf, the world's top EV market. LG Energy Solution, which supplies batteries to EV models by Tesla, <keyword id="6361865" type="COMPANY" weightage="20" keywordseo="volkswagen">Volkswagen</keyword> and <keyword id="6355174" type="COMPANY" weightage="20" keywordseo="ford">Ford</keyword>, stayed in second place with a 20.5 percent market share in the first three months of this year, following China's CATL with 31.5 percent, reports Yonhap news agency. Market share of two other Korean makers -- Samsung SDI and SK Innovation -- stood at 5.2 percent, which put them in fifth and sixth place, respectively, with a razor thin margin. "With EV battery technology undergoing swift changes and rising competition under way, the Korean battery makers seem to be backing out due to Chinese players," SNE Research said in a report. "With CATL at the head, Chinese battery makers are eating up the global market at an alarming rate and will likely trigger fiercer competition in the EV battery market in the near future." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-earnings-disappoints-markets-stocks-fall-by-over-2-in-morning-trade/articleshow/82364515.cms" style="">Reliance Industries’ earnings disappoints markets – stocks fall by over 2% in morning trade</a> <a href="https://www.businessinsider.in/stock-market/news/tata-power-says-it-has-no-such-decision-on-an-ipo-for-its-renewable-energy-business/articleshow/82365533.cms">Tata Power says it has ‘no such decision’ on an IPO for its renewable energy business</a>

Three South Korean EV battery makers account for one-third of the global market but competition from China is threatening their share of the pie

<ul><li>The <keyword id="69007" type="General" weightage="20" keywordseo="world-economic-forum" source="Orion">World Economic Forum</keyword> has picked ten breakthrough technologies that show promise for the future. </li><li>Flexible batteries, <keyword id="15777223" type="General" weightage="20" keywordseo="generative-ai" source="Orion">generative AI</keyword>, <keyword id="7931350" type="General" weightage="20" keywordseo="sustainable-aviation-fuel" source="Orion">sustainable aviation fuel</keyword>, wearable sensors for plants and <keyword id="432748" type="General" weightage="20" keywordseo="green-computing" source="Orion">green computing</keyword> are some of them. </li><li>Many other biological breakthroughs like designer phages, metaverse for mental health, brain-machine interfaces and more have made it to the list. </li></ul>The world is changing fast with new dangers and permacrisis afoot. However, the good news is that a number of breakthrough new technologies are working to make it a better place. The World Economic Forum has picked ten such for 2023 — right from deep biology that can look into the cells to flexible batteries that can be twisted, bent and stretched. To make it to this coveted list, the technologies must offer promising major benefits to societies and economies, be disruptive, attractive to investors and researchers; and expected to have achieved considerable scale within five years. “New technologies have the power to disrupt industries, grow economies, improve lives and safeguard the planet – if designed, scaled and deployed responsibly,” said Jeremy Jurgens, Managing Director, World Economic Forum and Head of the Centre for the Fourth Industrial Revolution. In the past, the WEF has picked many such winners — like the genetic-engineering tool CRISPR-Cas9 which was featured in 2015, went on to win the Nobel Prize five years later. “It is now being used to create insect and drought-resistant crops in harsh growing conditions around the world,” said Jurgens. Messenger ribonucleic acid (mRNA) vaccines, earned their place in the 2017 report, became the technology underpinning the majority of Covid-19 vaccines protecting lives worldwide. AI-led molecular design made it onto the 2018 list. Since then, Deepmind’s AlphaFold predicted the structure of 200 million proteins, and the first AI-discovered drugs have entered clinical trials. Let’s look what technologies made it to this year’s list: Flexible batteries: Bend, twist &amp; stretch The world is going flex – with rollable computer screens to smart clothing. And the systems that power them should be so too. Flexible batteries, made of lightweight materials that can be easily twisted, bent or stretched, will soon hit the market and make standard rigid batteries a thing of the past. “The rapidly escalating development of wearable devices, flexible electronics and bendable displays demand power sources that match the agility of these systems,” the report says. One study forecasts that the global flexible battery market will grow by $240.47 million from 2022-2027, accelerating at a compound annual growth rate (CAGR) of 22.79%, says WEF. Several companies like LG Chem, Samsung SDI, Apple, Nokia are are actively developing and commercialising flexible battery technology. Generative AI: Sparring partner to conventional thinking Imagine an algorithm that can draw the image that a human holds in his mind? That’s one example of the boundless potential of generative AI which can design drugs, aid in architecture and engineering — in addition to what ChatGPT does. NASA engineers are working to use this technology to build lightweight spaceflight instruments. But this technology needs to build something more, trust. “To build public trust in generative AI, applications should meet agreed-upon professional and ethical standards. Care should be taken to mitigate AI bias based on training data, with a focus on including “outlier” data and novel societal conventions,” WEF says. It should also address copyright attribution and more. With correct controls, generative AI can demonstrate the boundaries of knowledge, and act as a sparring partner to challenge conventional thinking. Sustainable aviation fuel: Moving up, with challenges ahead The road-bound cousins of aeroplanes – cars, bikes and more are going green at a rapid pace. However, the cost of making the aviation sector, which contributes to 2-3% of CO2 emissions annually, is enormous. Enter sustainable aviation fuel (SAF) that’s produced from biomass, and non-biological resources. Now it makes up for 1% of the global jet fuel demand, but must rise to 13-15% by 2040, WEF says. “Such an increase will require the creation of 300-400 new SAF plants; and airlines, manufacturers and fuel companies are working around the clock to enable this level of scale,” the report says, adding that availability and collection of raw materials, along with the need for sustainably produced green hydrogen, remain major challenges. Designer Phages: Virus that carry ‘genetic scissors’ Viruses, as scary as they are, can be engineered to benefit humans. Key to this engineering are phages – viruses that selectively infect specific types of bacteria. Upon infection, a phage injects its genetic information into the bacterium. With ‘genetic scissors’, these phages can execute a set of instructions – they can change a bacterium’s functions. It can be made into a therapeutic molecule or to become sensitive to a certain drug and more. “Phages are also being designed as feed supplements to enhance the growth of livestock, treat certain plant diseases and eliminate dangerous bacteria in food supply chains,” WEF says. Locus Biosciences and Eligo Biosciences are using this approach to combat antibiotic-resistant bacteria. Metaverse for mental health: Augmenting connections The Covid-19 pandemic has pushed the mental health crisis to such an extent that the world is falling short of health providers. The conditions are ripe for metaverse-enabled mental health treatment, WEF says. “Maturing interface technologies could further augment social and emotional connections between distant participants,” the report says. Many players are already working on it with gamification and other ways which can also reduce the stigma attached with mental health. Noninvasive neurotechnologies can provide feedback attuned to a user’s emotional state. For example, Neurable headsets use electrodes to measure emotion and can adjust music accordingly. Eventually, the metaverse will also connect to therapeutic neurotechnologies, such as direct brain stimulation to treat intractable depression,” WEF adds. Wearable plant sensors: The new frontier Traditionally, crops have been monitored via soil testing and visual inspections, both of which are expensive and time-consuming. Recent tech advancements have been monitoring crop health via low-resolution satellite data, which has gone on to sensor equipped drones and tractors which provide information. The next frontier is monitoring individual plants – with wearables. “These sensors are small, non-invasive devices that can be attached to crop plants for continuous monitoring of temperature, humidity, moisture and nutrient levels,” the report says. Growvera and Phytech have developed micro-sized needle sensors that insert into a plant’s leaves or stems to measure changes in electrical resistance, but challenges remain in terms of expense and the reading of the data might need specialised expertise. It needs data analytics tools that can help farmers ‘read it’ and make informed decisions. Spatial omics: Unravelling evolutionary secrets Humans are made of millions of cells —- but what happens inside them? Spatial omics might actually help us ‘see’ the biological processes, how they work in detail that was unprecedented before. A spatial omics study of samples from people who died from Covid-19 revealed that SARS-CoV-2 causes widespread disruption of cellular pathways across all tissues. Scientists have also identified a set of neurons that help paralysed mice walk, sooner. But this technology needs to be democratised, WEF believes. It had a total market value of $232.6 million in 2021 and an estimated revenue of $587.2 million in 2030. While academic and translational research centres made up 89% of the market in 2020, the market is dramatically expanding to include pharmaceutical and biotech industries. Flexible neural electronics: Biocompatible now Brain-machine interfaces (BMIs) allow electrical signals the brain produces to be captured by sensor hardware – and are already being used for patients with epilepsy, and create prosthetic limbs connected to the nervous system. But the current implants are made of hard material like chips, which can scar humans and cause substantial discomfort. They cannot bend or adapt to brain movements so, over time, they “drift” in position, decreasing the accuracy. But now researchers developed these circuits on biocompatible materials that are soft and flexible. It can deepen understanding of conditions like dementia and autism; and can also be used to develop cardiac pacemakers and more. But eventually, it holds the potential to true human-AI interfacing – but since the data from the brain is sensitive, privacy and ethical use guidelines must be established. Sustainable computing: Optimism ahead Every time we search on Google, send email or use any form of AI, we are connecting to data centres — which consume an estimated 1% of the electricity produced globally. And, this will only grow. There is no single “green data” magic bullet, but the coming decade will see strides toward net-zero-energy data centres. The first is to use cooling systems to dissipate the heat. Stockholm is using heat from data centres to heat homes. Then, AI itself can come with a solution for the heat it is generating, but analysing and optimising energy use in real-time. DeepMind has successfully demonstrated the potential of AI-powered energy management, achieving up to a 40% reduction in energy consumption at Google’s data centres. Crusoe Energy instals its modular data centres at sites where methane flaring occurs to enable cloud computing infrastructure to be powered by methane gas that would otherwise have been released directly into the atmosphere. “Given the wave of innovation and investment in this area, there is reason to be optimistic about the years ahead,” WEF says. AI-facilitated healthcare: Easing access Ever since the pandemic governments and academic teams alike have been using AI and ML models to improve access to patient care – to cut down the long delays many patients experience. This can aid developing nations in particular. India, for example, has a widely dispersed population of over 1.4 billion and has embraced an AI-based approach to enhance medical outreach. “The Indian government has enabled physicians to engage remote communities through assistive technologies, with requisite privacy safeguards in place,” the report says. However, hurdles to this system remain like patient compliance and national security concerns. “Moreover, any system that curates personal data on the health and welfare of a vast population must function within the bounds of a carefully crafted legal and ethical framework,” WEF says.

Wearables for plants, bacteria eating viruses, and 8 technologies in 2023 that can change the future

<ul class="summary-list"><li>Morgan Stanley says Tesla's electric car business should be profitable later this year.</li><li>They think that proof of profitability will unleash a wave of spending in the growing industry.</li><li>A team of analysts says that will create a domino effect of investment decisions for companies that make equipment for electric cars and charging stations.</li><li>They name 25 of the biggest potential beneficiaries of that shift, and predict that sales penetration for electric vehicles will surpass that of internal combustion vehicles in the 2030s.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><a href="https://markets.businessinsider.com/news/stocks/tesla-common-stock-offering-what-analysts-commentary-saying-capital-raise-2020-2-1028907106">Tesla is off to the races</a>, but a lot of other companies that stand to benefit from rising demand for electric cars are still at the starting line.A team of Morgan Stanley analysts predicts a wave of enthusiasm in the still-young industry, and writes that Tesla's battery-powered vehicle manufacturing will become profitable this year as <a href="https://www.businessinsider.com/photos-inside-tesla-delivery-ceremony-china-model-3-2019-12">its new factory in Shanghai</a> ramps up.They say that milestone - and proof of concept at scale - will change the spending patterns for makers of semiconductors, batteries, chemicals, and those involved in mining, energy, and making charging stations. "There are a multitude of second derivatives players that are interdependent in the EV ecosystem and touch many industries across the globe," the team wrote.Here's how they describe the effects for original equipment manufacturers as they put more money into battery electric vehicles:"If Tesla can indeed prove that EVs can be profitable at scale, we believe this would remove one of the key impediments preventing legacy OEMs from shifting capacity to BEVs, potentially unleashing further waves of investment into the BEV production ecosystem and its supporting infrastructure."They add that that will start an evolution that makes electric vehicle components more profitable for those companies. And as sales climb, cost fall, and profitability improves, they thinks the effects will be dramatic.Today, Morgan Stanley estimates that sales penetration for electric vehicles is only at 2% worldwide. But they think that will jump to 11% in five years, 24% by 2030, and 70% in 2040.They say their best idea for taking advantage of that shift is "through large cap, credible battery companies with a proven track record such as CATL, Samsung SDI, Panasonic and LG Chem."But they've found more than 20 other companies that could be major beneficiaries.Listed below are the 25 stocks they expect to have the most potential as investors embrace growing demand for electric vehicles and improving infrastructure for them. Almost all of them are based in Asia, and they may be less familiar to US investors.The stocks are arranged from lowest to highest based on how much they would have to rise to reach Morgan Stanley's current price targets.

MORGAN STANLEY: Buy these 25 non-Tesla stocks to cash in on the electric-car revolution

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Daniel Berehulak/Getty ImagesA file photo of child labourers in India in 2010.</div></div></div>Amnesty International has <a href="https://www.amnesty.org/en/latest/news/2016/01/Child-labour-behind-smart-phone-and-electric-car-batteries/">dropped a bombshell report </a>accusing Microsoft, Apple, Vodafone, and numerous other companies of profiting from child labour. Some of the cobalt used in batteries, the rights group alleges, is mined by "children as young as seven" in hazardous conditions in the Democratic Republic of the Congo.The response of some companies: It's too hard and expensive to check whether this is the case.<a href="https://www.amnesty.org/en/latest/news/2016/01/child-labour-behind-smart-phone-and-electric-car-batteries/">Amnesty's report</a> focuses around Huayou Cobalt and its subsidiary Congo Dongfang Mining International (CDM), which it describes as "one of the world's largest manufacturers of cobalt products."Amnesty researchers traced cobalt mined in "artisanal" mines to markets where it was purchased by traders, who then sell it on to CDM (and other companies). They then traced the supply chain that CDM supplies - which allegedly includes Apple, Samsung, Sony, Dell, HP, Microsoft, VW, LG, and others. (Some companies have denied a connection.)Amnesty researchers found health issues, dangerous working conditions, government officials demanding illegal payments from workers, and child labourers at these "artisanal" mines that CDM gets cobalt from.<h2>Here's the supply chain that Amnesty mapped out:</h2><div class="KonaFilter image-container display-table"><div><div class="image on-image">Amnesty International</div></div></div>Microsoft told Amnesty a company in this supply chain linked to it is a supplier for "a very limited number of batteries for a product development project." Batteries produced by the company, Tianjin Lishen, are "not used in any product currently sold by Microsoft," it says.Microsoft also provided Amnesty with a statement about its policy for sourcing materials. It said:We have not traced the cobalt used in Microsoft products through our supply chain to the smelter level due to the complexity and resources required.Business Insider has reached out to Microsoft for further comment.This failure to fully investigate supply chains isn't unique to Microsoft. Amnesty, introducing its report, says that it "contacted 16 multinational consumer brands listed as direct or indirect customers of the three battery component manufacturers. None said they had been in touch with Huayou Cobalt [a key cobalt supplier] or traced where the cobalt in their products had come from prior to Amnesty International's contact."Samsung told the rights group: "It is very hard to trace the source of the mineral due to the suppliers' nondisclosure of information and the complexity of the supply chains. Therefore it is impossible for us to determine whether the cobalt supplied to Samsung SDI comes from DRC Katanga's mines."Daimler said that while it doesn't "engage in any traceable mineral or commodity purchasing activities in the Democratic Republic of Congo," it conceded that "due to the high complexity of automotive supply chains, we are, however, not able to definitely confirm whether or not cobalt in our products originates from this region or from the mentioned companies at any stage within our supply chains."Amnesty doesn't think much of these responses. Mark Dummett, a researcher at the rights group, called them "staggering."He said, <a href="http://www.theguardian.com/global-development/2016/jan/19/children-as-young-as-seven-mining-cobalt-for-use-in-smartphones-says-amnesty">per The Guardian</a>: These are some of the biggest companies in the world, with combined profits of $125 billion and there is no excuse that companies aren't investing some of that profit into ensuring that they can trace where the minerals they are using are coming from ... Anyone with a smartphone would be appalled to think that children as young as seven carrying out back-breaking work for 12 hours a day could be involved at some point in the making of it."<h2><a href="file:///Users/robaeprice/Downloads/AFR6231832016ENGLISH.PDF">Check out the full report from Amnesty International here »</a></h2> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/apple-customer-service-secrets-revealed-genius-bar-2016-1">How Apple makes their Geniuses always seem so happy and helpful</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="o4bWl3bzqUDUbseZaOEiUF1Je0Ot9WtL" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Tech companies says it's too hard to investigate whether they benefit from child labour

Thomson ReutersPanasonic focused on auto tech during CES in January,Panasonic, like many companies today, is betting big on auto tech becoming a massive cash cow in the next decade.New alliances are forming almost every day as companies without a traditional foothold in the automotive space try to get a slice of the pie.Google is <a href="http://www.businessinsider.com/waymo-alphabet-google-self-driving-car-company-fiat-chrysler-minivan-photos-2016-12" target="_blank" rel="noopener noreferrer">working with</a> Fiat Chrysler on self-driving cars while making <a href="http://www.businessinsider.com/google-volvo-partner-to-disrupt-car-infotainment-systems-2017-5" target="_blank" rel="noopener noreferrer">next-generation display</a> systems for Volvo; new software startups like <a href="http://www.businessinsider.com/otonomo-selling-car-data-2017-4" target="_blank" rel="noopener noreferrer">Otonomo</a> are shelling out their services to major companies like Daimler; and BMW is partnering with <a href="http://www.businessinsider.com/bmw-delphi-self-driving-car-partners-2017-5" target="_blank" rel="noopener noreferrer">companies like Intel</a> on data collection.Panasonic is just one of many players collaborating with the auto industry to focus on vehicles of the future."Our business has evolved over a period of time, especially in the recent past of going from purely a consumer business to a B2B business," Tom Gebhardt, chairman and CEO of Panasonic's North American operations, told Business Insider."There's a number of reasons for that: The commoditization of consumer products [and] the unfavorability in some of the cost models led us to look for better values in-vehicle technologies," he continued.<h2>Working with Tesla and Google</h2>PanasonicTom Gebhardt, chairman and CEO of Panasonic's North American operations.Prior to taking over Panasonic's North American division in April, Gebhardt led the company's automotive division for five years. Placing an executive with several years of automotive expertise at the helm of North American operations says something about the company's pivot from consumer electronics to auto tech.That larger cultural shift came from Panasonic President Kazuhiro Tsuga when he took over in 2012. As <a href="https://www.forbes.com/sites/michaelschuman/2016/06/01/saving-panasonic-kazuhiro-tsuga-plans-more-for-the-consumer-electronics-giant/#31f1fdd3544e" target="_blank" rel="noopener noreferrer">Forbes</a> details in a 2016 profile, Tsuga was key to transitioning Panasonic from its failing plasma TV business to other revenue streams, like in-flight entertainment systems in planes and electric cars.Panasonic isn't stretching too far from its roots when it comes to this kind of vehicle tech. Gebhardt noted that Panasonic had a presence in the car radio business starting in 2008, giving it a natural introduction to multimedia displays with its electronics background.Gebhardt said Panasonic is channeling resources toward digital cockpits and vehicle entertainment systems as self-driving vehicles become more in reach."If the scenario says the car drives itself, it's similar to sitting in an airplane seat because you're no longer actively driving," he said. "We see that as an evolution of the space that's quite interesting going forward that has infinite possibilities for us."ScreenshotFiat Chrysler's portal concept.As an extension of that plan, Panasonic recently worked with Fiat Chrysler on its semi-autonomous <a href="http://www.businessinsider.com/fiat-chrysler-minivan-concept-car-ces-2017-photos-features-2017-1?utm_source=hearst&amp;utm_medium=referral&amp;utm_content=allverticals#/#with-a-dc-fast-charger-fca-said-the-electric-minivan-concept-can-charge-up-to-150-miles-in-just-20-minutes-4" target="_blank" rel="noopener noreferrer">Portal concept car</a> shown off at CES in January. The concept featured electronics like an OLED touchscreen with facial and voice recognition.Panasonic sees itself playing a role in fully autonomous cars as well by developing mobile offices or televisions specifically for self-driving cars, Gebhardt said.Perhaps more notable is Panasonic's relationship with Telsa.As one of the largest battery manufacturers in the world, competing with the likes of LG Chem and Samsung SDI, Panasonic had an easy entry into the electric vehicle space. The company plans to invest $1.6 billion in Tesla's Gigafactory."The future is definitely electric, no question in my mind, it's more of, 'what is the future timeline?' Is it 10 years, 15 years, 40 years?" Gebhardt said. "We don't see an alternative more interesting that, it's just a matter of what the adoption hits at the scale that makes this a slam dunk."<a href="https://www.youtube.com/watch?v=4F9ON-8rSnM&amp;feature=youtu.be">YouTube/Matthew Roberts</a>Tesla's massive battery plant, the Gigafactory, in Sparks, Nevada.But, there are hurdles to overcome in both these spaces.From the connected vehicle side, consumer adoption of infotainment systems is still lagging. J.D. Power led a 2016 study that found that more than 50% of car owners <a href="http://www.businessinsider.com/people-opt-to-use-cell-phones-over-infotainment-consoles-in-cars-2017-4" target="_blank" rel="noopener noreferrer">never used</a> their in-vehicle displays after 90 days of purchase, preferring the ease of using their smartphones.But the tech is still in its first-generation, Gebhardt said, adding adoption will improve with the technology.Google's new Android display, for example, will integrate its smart voice assistant to encourage usage while driving."Any time you're dealing with a first generation product, a user is not going to be overly comfortable," he said.As for electric cars, vehicle adoption in the US is still tepid, and global sales hover at 1%.Gebhardt acknowledged adoption is slow in the US, particularly due to low gas prices - a trend that is likely to persist if Trump comes through on his promise to roll back fuel emissions standards. He said, however, that this is likely a "short-term problem."While the US market is slow to progress, there's still hope when it comes to China, which is making a concerted effort to incentivize battery-powered vehicles.China "being the largest car market in the world has a big influence on what will happen," Gebhardt said. "If they adopt in a big way, that changes the balance of where electric is today versus where it will be going."Panasonic has made some heavy investments in nascent areas, but expects to see a return on investment soon. Tsuga recently said Panasonic is expecting an increase in net profit in fiscal year 2017, its first gain in two years, because of new bets on transit, <a href="http://asia.nikkei.com/Business/Companies/Panasonic-targets-high-growth-return-on-investment?page=1" target="_blank" rel="noopener noreferrer">Nikkei Asian Review</a> reported."We're pretty bullish on the fact that this is a space that will continue to grow and there's value there," Gebhardt said.Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> here.</a> <h3>NOW WATCH: <a href="http://www.businessinsider.com/electric-carnio-ep9-set-record-nuerburgring-track-2017-5">An electric car just set a record on the infamous Nürburgring track</a></h3> Please enable Javascript to watch this video

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