On Monday September
, SB Li Motive Co. officially went into business with the goal of producing automotive grade lithium ion
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
. 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.