Li-ion battery maker SB LiMotive announces first customer

  • 05-Aug-2009 04:49 EDT

BMW's Megacity Vehicle is SB LiMotive's first customer for its lithium-ion batteries. The electric car will go into production early in the next decade, according to the Munich-based automaker. The SB LiMotive joint venture between Samsung and Bosch was created in September 2008 to provide Li-ion batteries for automotive use. It plans to invest about $500 million in the development and manufacture of cells and battery systems. Cell production will start in 2011. Samsung already produces, among other things, Li-ion batteries for use in laptops, cell phones, power tools, etc. Bosch was the first company to successfully integrate Li-ion batteries in its power tool products, according to SB LiMotive.

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