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June 16, 2008 – Vol.13 No.13 Bosch and Samsung Plan Joint Venture to Develop and Manufacture Lithium-Ion Batteries for Automotive Use. The joint 50-50 venture of Robert Bosch GmbH and the Korean company Samsung SDI Co. to be named SB LiMotive Co. Ltd, will be headquartered in Korea, will start operations in September 2008. The companies plan to collaborate in the development, manufacture, and worldwide sale of lithium-ion batteries for automotive applications. Lithium-ion batteries are the basis for forward-looking technologies in the automobile, such as hybrid or electrical drives. In connection with its hybrid project unit, Bosch has already built up comprehensive expertise in areas such as power electronics, battery management, electric motors, transmissions, and DC/DC converters.
The main focus of Samsung SDI Co. Ltd. is the further development of lithium-ion batteries, which it already produces for a large number of manufacturers of laptops, mobile phones, and power tools. In 2007 Samsung SDI Co. Ltd. has produced 376 million battery cells. Today, Samsung has an internationally leading position in lithium-ion battery cell technology. The Bosch Group, which comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in roughly 50 countries, is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology. (6/16/08)
Links: Bosch Group Samsung SDI
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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