Automotive News China reports that such a tie up would put the trio of companies in a head-to-head battle with Chinese automaker BYD Auto, a company with ambitious battery-powered dreams of its own. SAIC could benefit from the joint venture by gaining access to a cheaper battery supply and driving down prices of its planned hybrids and electric vehicles. Of course, Bosch and Samsung will benefit as well. Both companies will gain access to a blooming automotive market that's expected to embrace electric vehicles powered primarily by li-ion batteries.
[Source: Green Car Advisor]