Bosch, Samsung SDI Plan Joint Venture to Develop, Manufacture Lithium Ion Batteries

Joint venture planned to start in September 2008 with company to be headquartered in Korea

Stuttgart, June 16, 2008 – Robert Bosch GmbH and the Korean company 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." and to be headquartered in Korea, will start operations in September 2008. The shareholding of Robert Bosch GmbH will be 50 percent and that of Samsung SDI Co. Ltd. 50 percent – both companies will be equally represented on the board of management and on the board of directors. The foundation of the joint venture is still subject to approval by antitrust authorities.

The companies plan to collaborate in the development, manufacture, and worldwide sale of lithium-ion batteries for automotive applications. Lithium-ion batteries are the basis for forward-looking technologies in the automobile, such as hybrid or electrical drives. 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, which it already produces for a large number of manufacturers of laptops, mobile phones, and power tools. 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.

Samsung SDI is the Worldwide Name of Digital Display & Energy business. Over the past three decades, Samsung SDI has famed for display specific company and now is reborn as a digital mobile company through successful digital display and next generation energy business. Samsung SDI has been developing digital products of frontier level in the basis of world top display technology in the wide range from color Braun tube to leading flat display, PDP so called innovation of display, LCD and OLED the center of mobile display, and Lithium-ion Battery, the heart of infomation-technology devices. Also Samsung SDI is striving with endless efforts to build up the image of global company of trust and respect. It has introduced 'Sustainability Management' for the fist time in Korea which is being the topic in the 21st century management.

Samsung SDI promises you a company leading the industry with advanced technology development and top quality products, expanding business of transparency for customers and shareholders, and being with you at all time as the true global leader in the digital world of the 21st century.

Additional information can be accessed at bosch.com and samsungsdi.com.

Source: Bosch

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