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Bosch-Samsung SDI battery JV gets green light

Posted: 20 Aug 2008 ?? ?Print Version ?Bookmark and Share

Keywords:Li-ion battery? joint venture? Bosch-Samsung JV?

Robert Bosch GmbH and Samsung SDI Co. Ltd have received approval from all relative authorities to form a Li-ion battery joint venture.

Bosch and Samsung signed an in June agreement to form a fifty-fifty joint venture to develop, manufacture, and sell Li-ion batteries for automotive applications.

The JV company will be known as SB LiMotive Co. Ltd and is slated to start operations next month. The objective is to series-manufacture highly efficient lithium-ion batteries customized to automotive requirements and to market them worldwide from 2011.

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