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Bosch is giving it a second go, as it looks to once again establish a lithium-ion battery joint venture.  Let's hope it a success this time.

Mitsubishi Outlander PHEV's 12 kWh Lithium Battery Provided by GS Yuasa

Mitsubishi Outlander PHEV's 12 kWh Lithium Battery Provided by GS Yuasa

Back in 2008, Bosch teamed with Samsung SDI to establish a battery joint venture.  That deal turned sour in September of 2012 when both parties went separate ways.

Now, Bosch is turning to Mitsubishi and GS Yuasa in hopes of re-establishing a workable advanced battery joint venture.

The goals of the JV are to revolutionize EV batteries by cutting weight, increasing capacity, reducing costs and pumping up production.

Here's a snippet from the newly established JV's first public statement:

"These batteries are fundamental for future forms of mobility, such as plug-in hybrid or all-electric vehicles."

Under the JV, research and development will begin in Stuttgart, Germany in early 2014.  Actual battery production under the JV will start sometime in 2018.

Bosch will handle  quality management and development of control systems, while GS Yuasa will do the manufacturing and Mitsubishi will tackle marketing. Bosch will hold a 50-percent stake in the venture.  GS Yuasa and Mitsubishi will each hold 25 percent stake.