SB Li Motive, the Bosch Samsung lithium ion battery joint venture, has announced that it will put $409 million into its manufacturing facilities over the next five years. The company has big plans, hoping to grab nearly a third of the automotive battery market by mid-decade. Bosch is the biggest automotive supplier in the world and produces parts for almost every automaker. However, SB LiMotive is competing with quite a few companies in the lithium battery space, many of which are partnered with automakers such as Panasonic EV Energy ( Toyota), Automotive Energy Supply Corp ( Nissan), GS Yuasa ( Mitsubishi, Honda) and LG Chem ( General Motors).
The new SB LiMotive plant is being built in Ulsan South Korea and production is expected to start in 2011. The first automaker to publicly announce a deal with SB LiMotive is BMW which will use its batteries in an upcoming electric vehicle.
[Source: Automotive News – sub req'd]
https://www.autoblog.com/2009/09/11/samsung-and-bosch-to-put-409-million-into-sb-limotive-battery-p/
2009-09-11T17:15:00+00:00