Authorities approve Bosch and Samsung joint venture for lithium-ion batteries ###backToList###

• Operations will start in September 2008
• Start of production of lithium-ion batteries planned for 2011

Stuttgart – In June 2008, Robert Bosch GmbH and Samsung SDI Co. Ltd. signed an agreement to form a fifty-fifty joint venture to develop, manufacture, and sell lithium-ion batteries for automotive applications. All the relevant authorities have now given their approval for the joint venture, the precondition to company closing. The company will be known as “SB LiMotive Co. Ltd.”. Operations expected to start in September 2008. The objective is to series-manufacture highly efficient lithium-ion batteries customized to automotive requirements and to market them worldwide from 2011.

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Press contact: Robert Bosch GmbH
Michael P. Mack
Corporate Communications
Media and Public Relations
Robert-Bosch-Platz 1
70839 Gerlingen-Schillerhöhe
Germany
Phone: +49 711 811-6282
Fax: +49 711 811-7656
michael.mack3(at)de.bosch.com

Press contact: Samsung SDI Co. Ltd.
Haesoo Seo
Corporate PR
575, Shin-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do
443-731, Korea
Phone: +82 2 727-3072
Fax: +82 2 727-3079
hssea.seo(at)samsung.com