Chinese ATL to make batteries for Samsung Galaxy Note 7
China's Amperex Technology Limited (ATL) will become the main supplier of batteries for Samsung Electronics Co Ltd's Galaxy Note 7 phones, Reuters reported on Tuesday.
On Monday Samsung’s shares hit two months low after the company asked customers to switch off and return their new Galaxy Note 7
smartphones due to fire-prone batteries.
Almost 70 percent of batteries for Note 7 worldwide were supplied by Samsung's own SDI subsidiary. ATL had supplied around a third part, with a focus especially in China.
After Samsung started its global recall, ATL had received additional orders for Note 7 batteries. Analysts said the supplier shift would likely mean ATL would be temporarily the sole supplier for the Note 7, though this was likely only to be a short-term solution.
The official China Daily newspaper reported earlier on Tuesday that ATL would increase shipments of batteries to Samsung. South Korea's Yonhap news agency said on Sunday Samsung would now only use batteries provided by ATL for the Galaxy Note 7.
ATL is also a listed supplier for Samsung rival Apple, which unveiled its rival new iPhone 7 last week