Samsung Bets on China's BYD for Growth

SEOUL--Samsung Electronics Co. said it will acquire a stake in BYD Co. via the Chinese electric vehicle and battery maker's 2.3 billion share sale, as the South Korean technology giant bets on the automotive market to drive growth. Samsung's latest move comes as more technology companies tap into the automotive industry as it undergoes a shift toward next-generation vehicles such as electric and self-driving cars.