German supplier Bosch recently made clear its intentions to challenge the Japanese for dominance in the world of hybrid and electric drive systems and those plans are moving ahead. Bosch Automotive CEO Bernd Bohr indicated in mid-May that the company would be partnering with another supplier to produce automotive-grade lithium ion cells. It now turns out that Samsung SDI will be forming a new joint venture with Bosch called SB LiMotive Co. Ltd.

The new company will set up shop in South Korea with operations expected to start in September of this year. Bosch and Samsung will each own 50 percent of the new company and have equal representation in management. The new JV will focus on the development and commercialization of lithium ion batteries for automotive applications. Samsung SDI has already been producing lithium cells for consumer electronics and power tools while Bosch has expertise in the power electronics and battery management systems. The companies have not indicated what types of battery chemistry they intend to pursue or when the JV will begin producing automotive batteries.

[Source: Bosch]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X