But as the collaboration between innovative automakers and technology companies becomes stronger, consumers have more driving choices, safety improves and all industries involved grow, according to officials at some of Korea’s leading technology companies.

“I can say ubiquitous connectivity opens many doors for improved profitability and competitive positioning throughout an expanded ecosystem in the technology industries. This is what’s happening between the car and technology industries. New business opportunities are definitely emerging,” said Brett Sappington, director of research at Parks Associates.

By 2020, China plans to supply 5 million electric vehicles and plug-in hybrid electric vehicles.

“The proliferation of connected consumer electronics and services has fueled a need for innovation among support services. It’s fair to say that emerging backend technologies that foster greater efficiencies in diagnostics, troubleshooting and resolution, as well as self-help tools and other aspects of service innovation in the tech support or component market, is presenting opportunities that companies can’t afford to lose,” said Patrice Samuels, research analyst at Parks Associates.

From the article, "Samsung, LG, SK in auto battery battle" by Kim Yoo-chul.

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