Samsung and Bosch JV in 10 Year Supply Agreement With Delphi

SB LiMotive, a car battery joint venture between South Korea's Samsung SDI and Germany's Robert Bosch GmbH, has agreed to supply U.S. auto parts supplier Delphi with batteries for hybrid commercial vehicles.

Samsung SDI said in a statement today that under the exclusive 10-year deal, SB LiMotive would sell lithium-ion batteries for buses and trucks starting in 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.

SB LiMotive is set to start production of batteries for hybrids and full-electric vehicles in 2011 at a plant under construction in Ulsan, South Korea. It is also in a deal to supply batteries for BMW AG's Megacity project.

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