Bosch & Samsung JV for lithium-ion batteries starts operations

The fifty-fifty joint venture "SB LiMotive Co. Ltd." of Bosch and Samsung SDI has started its operations on September 1, 2008. The objective of the new company is to develop, manufacture, and sell lithium-ion batteries for automotive applications. It is planned to start series manufacturing of highly efficient lithium-ion battery systems customized to automotive requirements and to market them worldwide in 2011.

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