4 Comments

Summary:

General Motors has contracted Compact Power, a Michigan subsidiary of Korea’s LG Chem, to supply lithium-ion polymer battery packs for its electric Chevrolet Volt. GM CEO Rick Wagoner announced the plan this morning at the Detroit Auto Show after more than a year of competition for […]

compactpower-hev-large-battery-packGeneral Motors has contracted Compact Power, a Michigan subsidiary of Korea’s LG Chem, to supply lithium-ion polymer battery packs for its electric Chevrolet Volt. GM CEO Rick Wagoner announced the plan this morning at the Detroit Auto Show after more than a year of competition for the supply deal between Compact and Massachusetts-based A123Systems — confirming buzz that the deal had been struck back in October.

Today’s announcement comes on the heels of news from A123 Systems that it has applied for DOE loans to build a battery factory in Michigan, but the state is not an EV battery hot spot just yet: Compact Power plans to manufacture the Volt battery packs at its plant near Seoul, Korea. At higher volumes, LG Chem chief Bahn-suk Kim said the batteries could be produced stateside.

You’re subscribed! If you like, you can update your settings

  1. tinyComb » Blog Archive » » Detroit Auto Show Paints Itself Electric, Green Monday, January 19, 2009

    [...] global warming as a theory or even a possibility.  Along the same electric subject line, GM made a partnership announcement with LG Chem to provide lithium-ion cells for the Chevy Volt.  They’ll also be [...]

  2. German Battery Makers Link Up to Catch Up Friday, March 27, 2009

    [...] vehicles, including the development of high-energy density battery systems. And General Motors has hooked up with Korea’s LG Chem for its hybrid battery needs. [...]

  3. Battery Grant Winners!: A123Systems Rakes In $249M Wednesday, August 5, 2009

    [...] weight behind GM’s Chevy Volt, with funding not only for the Detroit automaker, but also for LG Chem’s Compact Power, the battery cell maker that GM has tapped for its extended-range electric vehicle. To see all of [...]

  4. Electric Cars, Batteries Set to Get Some Obama Love Wednesday, July 14, 2010

    [...] $303 million plant in Holland, Mich., which is expected to employ 450 people within three years. General Motors has tapped Compact Power, a Michigan subsidiary of South Korea’s LG Chem, to supply the batteries for its upcoming [...]

Comments have been disabled for this post