On Monday September 1, SB Li Motive Co. officially went into business with the goal of producing automotive grade lithium ion batteries by 2011. The company is a joint venture between Bosch and Samsung SDI. Samsung SDI already has experience with consumer electronics batteries and Bosch will work with the Korean company to develop batteries suitable for hybrid
and electric vehicles
. Bosch is already producing electric drive motors that will be used in the new Mercedes-BMW mild hybrid system that launches in 2009. Getting into the battery business will give the German supplier a product to replace systems like fuel injection and exhaust after-treatment that will eventually be supplanted in the migration to electrically driven vehicles.