SB LiMotive was a 50:50 joint company of Bosch and Samsung SDI founded in June 2008. The joint venture developed and manufactured lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles. It was officially ended in September 2012 with both companies focusing on automotive batteries alone. Milestones In September 2008, SB LiMotive Co. Ltd. started its operations in Korea. About one month later, the German subsidiary SB LiMotive Germany GmbH was founded. In July 2009, SB LiMotive acquired US-American battery manufacturer Cobasys LLC. The groundbreaking of the cell manufacturing plant in Ulsan, Korea was two months later. In November 2010, the plant's inauguration took place. Locations Headquarters and cell development are located in Yongin, Gyeonggi-do, South Korea. At the second Korean site in Ulsan, the cell manufacturing plant was constructed in just 9 months. Lithium-ion cells for pre-series projects are being manufactured there since 2010 and series production will start in 2011. In Stuttgart-Feuerbach, Germany, battery systems are developed and prototypes built. At its location in Germany, SB LiMotive has also built up a global team for sales, marketing, and management of key accounts. In 2009, SB LiMotive acquired the U.S. company Cobasys with its two sites in Orion Township, Michigan, and Springboro, Ohio. Nickel-metal hydride batteries are being manufactured there and the location is now also used to support customers with the engineering of lithium-ion battery packs. At all locations, SB LiMotive employs worldwide some 700 associates in total (as of end of 2010). Portfolio SB LiMotive provides lithium-ion energy storage solutions from single cells to complete battery systems. They can be used in all vehicles from micro-hybrid to full electric vehicles. Additionally, the joint venture supports its customers with engineering services for software, battery management services and cooling systems. Ownership Structure SB LiMotive is a 50:50 joint venture between Samsung SDI and Robert Bosch GmbH. Mr. Jingun Lee is President of SB LiMotive and Dr. Joachim Fetzer is Executive Vice President. Customers SB LiMotive will supply lithium-ion battery cells to BMW for its electric vehicles, which are part of the "Megacity Vehicle" project. The German automaker will install the battery cells into the EVs, which will go into series production in 2013. Secondly, SB LiMotive will supply complete lithium-ion battery systems for the Fiat 500 EV. The battery system will be developed in Orion, Michigan, the production of cells will be in Ulsan, and the