Samsung SDI

SB LiMotive, a joint venture between South Korea's Samsung SDI and Germany’s Robert Bosch, plans to invest 500 billion won (some $410 million) in an electric vehicle battery plant by 2015.

The new plant, which will be built in the southeastern city of Ulsan, South Gyeongsang Province, will produce secondary batteries used in hybrid electric vehicles from 2011, the South Korean company said Thursday.

"The joint venture is targeting a 30 percent share in the global auto battery market by 2015," Kim Soon-taek, CEO of Samsung SDI, said.

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