Issue Date: January 19, 2009
GM Picks LG Chem To Power The Volt
General Motors has chosen the South Korean firm LG Chem and its Michigan-based subsidiary Compact Power to supply lithium-ion battery cells for the Chevrolet Volt plug-in hybrid car. GM CEO Rick Wagoner made the announcement at last week's Detroit auto show, saying the automaker hopes to manufacture battery packs in Michigan and open a battery lab in the state. Losing contender A123 Systems, a Massachusetts company, earlier announced an interest in building battery plants in Michigan to supply other automakers, including Chrysler.
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