SB LiMotive looks to supply 180,000 EVs annually; opens new battery plant
On the production front, SB LiMotive opened the doors of its new plant in Ulsan, South Korea just days ago. Within a few years, this plant will be fully operational and should be able to crank out battery cells at the furious rate required to keep pace with SB LiMotive's ambitious goals. Who pays for all this? The battery maker is counting on its joint venture partners to hand over $500 million by 2013 to fund its expansion efforts.
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