Bosch and 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."

The plant will start operations in September 2008. 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, or DC/DC converters. The main focus of Samsung SDI Co. Ltd. is the further development of lithium-ion batteries. 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.