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Samsung, Bosch invested 500 million U.S. dollars joint venture company to improve production of electric vehicle batteries

According to The Wall Street Journal (WSJ) reported that South Korean electric vehicle battery suppliers SBLi Motive Ltd. The company has said it plans its 2013 investment of $ 500,000,000 South Korean factory to increase 1-2 electric car battery production line, thereby improving electric vehicle battery capacity.

    It is reported that, SBLi Motive Ltd. The company also had the outside world before the news spokesman said, as rising demand for electric vehicle batteries, the company may be out of Asia, Europe and other regional markets to invest and build factories.

    September 2009, South Korea's Samsung SDI said its hybrid and electric vehicle battery production plans. At that time, the company said it would end plans to invest 500 billion won (U.S. $ 460,000,000).

    Currently, SBLiMotiveLtd. Company electric car battery can produce up to 50,000 group. And there were reports that the company plans within the next three years upgrading its battery can produce 40 million units.

    SBLiMotiveLtd. Is the German Bosch (Robert Bosch GmbH), and South Korea's Samsung SDI (Samsung SDICo.) Joint venture, cooperation, each party holding 50%.

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