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Bosch and Samsung SDI Co. Ltd. Plan Joint Venture to Develop and Manufacture Lithium-Ion Batteries.

Publication: PR Newswire
Publication Date: 16-JUN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Joint venture planned to start in September 2008

- Company to be headquartered in Korea

STUTTGART, Germany, June 16 /PRNewswire/ -- Robert Bosch GmbH and the Korean company Samsung SDI Co. Ltd. have decided to set up a joint venture to develop, manufacture, and sell lithium-ion batteries. It is planned that the joint venture, which is to be named "SB LiMotive Co. Ltd." and to be headquartered in Korea, will start operations in September 2008. The shareholding of Robert Bosch GmbH will be 50 percent and that of Samsung SDI Co. Ltd. 50 percent -- both companies will be...

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