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Bosch-Samsung-SAIC finalizing plans for li-ion battery production facility in China

Chinese-based Shanghai Automotive Industrial Corporation (SAIC) is looking to strike a three-way lithium-ion battery deal with Samsung SDI and Robert Bosch GmbH. The trio is reportedly in advanced discussions and there are only a few minor details left to work out. Bosch executive vice president Roland Ehniss told Reuters that, "We are in the final stage." The joint venture is apparently eying a li-ion battery production site somewhere in China and hopes to start production by 2012.

Samsung and Bosch to put $409 million into SB LiMotive battery plant

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

Bosch-Samsung JV, SB LiMotive Co. Ltd officially starts operations

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

Green light for Bosch and Samsung's joint venture for battery development

In a brief press release (which you can find pasted after the jump) Bosch and Samsung have confirmed they have received the green light from German authorities to work on their project to produce lithium-ion batteries. The joint venture, called SB LiMotive Co. Ltd., will start work next month. Their plan is to produce "highly efficient lithium-ion batteries customized to automotive requirement

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