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Samsung SDI, Bosch win EV battery deal from Mahindra

Source : REUTERS
Last Updated: Tue, Nov 08, 2011 03:40 hrs

South Korea's Samsung SDI, the world's No.1 rechargeable battery maker, said on Tuesday its joint venture with Germany's Robert Bosch would supply lithium-ion batteries for Mahindra & Mahindra's electric cars.

The 50-50 joint venture SB LiMotive will supply batteries for Mahinda's first hybrid SUV model from 2013, Samsung said in a statement.

SB LiMotive was chosen to develop EV batteries with U.S. car makers including GM and Ford and already has a lithium-ion battery supply deal for Chrysler Group's upcoming electric vehicle, the Fiat 500EV.

(Reporting by Ju-min Park; Editing by Jonathan Hopfner)




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