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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 automakers such as Panasonic EV Energy ... Read more →

Hyundai investing $3.3 billion in green technologies by 2013 Xavier Navarro

Korean automaker Hyundai knows how it can meet South Korea's upcoming new emissions and fuel efficiency legislation: by spending $3.3 billion between now and 2013. About $1.8 billion of that ...

Ener1 get factory, engineering help with acquisition of Enertech Intl Domenick Yoney

Ener1, the company behind Th!nk battery supplier, Enerdel, has just bought an 83 per cent majority stake of conveniently-named Enertech International. The South Korean lithium-ion battery maker was ...

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

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 ...

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

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 ...


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