Samsung, Bosch JV to Supply Electric Vehicle Batteries to Delphi
SEOUL -- SB LiMotive, a car battery joint venture between South Korea's Samsung SDI (006400.KS) and Germany's Robert Bosch [ROBG.UL], has agreed to supply U.S. auto parts maker Delphi with batteries for hybrid commercial vehicles.
Samsung SDI said in a statement on Tuesday 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.
Delphi, which emerged from a four-year bankruptcy in October, would use the batteries in its battery packs and propulsion systems, Samsung SDI said.
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