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Thursday, 25 August 2011

GM partners with battery supplier LG on electric vehicles

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DETROIT -- General Motors said today that it is partnering with its battery cell supplier, LG Group, to develop electric vehicles.

The agreement, signed Wednesday by GM CEO Dan Akerson and LG President Juno Cho, will “help GM expand the number and types of electric vehicles it makes and sells,” the automaker said in a statement.

It’s the second example this week of automakers looking for partners to help in developing more fuel-efficient cars, as U.S. regulators put in place stricter fuel-economy standards for later this decade. On Monday, Toyota Motor Corp. and Ford Motor Co. said they are partnering to build hybrid light trucks.

The pact with GM broadens opportunities for LG, which supplies battery cells for the Chevrolet Volt plug-in hybrid.Vcommindia News

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