SOUTH KOREA: Samsung-Bosch JV to supply Delphi hybrid batteries
SB LiMotive, the car battery joint venture between Samsung SDI and Robert Bosch, has agreed to supply Delphi with batteries for hybrid commercial vehicles.
Samsung SDI said that, under the exclusive 10-year deal, SB LiMotive would sell lithium-ion batteries for buses and trucks from 2012. No financial details were disclosed, Reuters reported.
Delphi would use the batteries in its battery packs and propulsion systems, Samsung SDI said.
SB LiMotive is set to start production of hybrid and pure electric vehicle batteries in 2011 from a plant under construction in Ulsan, South Korea. It is also to supply batteries for BMW's Megacity project.