Sb Limotive Co. Ltd
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
Cobasys, after being offered for sale by its previous owners for over two years has, finally been sold. Energy conversion Devices and Chevron had jointly owned the battery which supplied the energy storage system for the EV1 (pictured) as well as the nickel metal hydride batteries for GM's mild hybrids. The company is now owned by SB Li Motive which is the battery joint venture formed last year by Bosch and Samsung. SB LiMotive was formed to develop lithium ion batteries for automotive applicati
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.
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