SB LiMotive, the company recently chosen to replace A123 Systems as the sole supplier for lithium-ion batteries for the electric Fiat 500, has announced plans to produce lithium-ion cells in massive quantities by the middle of this decade. Providing li-ion power for 180,000 electric vehicles annually by 2015 – SB LiMotive's announced target – will require increased production capacity, as well as a significant investment from joint venture partners Bosch and Samsung SDI.
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