GM Daewoo Moves To Green Cars

Company to begin building hybrid power-trains and possibly co-develop lithium battery with LG Chemical.

Published: 06-Sep-2008

GM Daewoo will build hybrid power-trains within two to three years to meet increasing demand for eco-friendly cars.

President and CEO Michael Grimaldi said GM Daewoo may develop a lithium battery with LG Chemical, which is considered to have the most advanced battery technology.

GM Daewoo also plans to spend a total of W3 trillion (US$1=W1,129) through next year to add six new or renovated models in Korea.

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The the petrol engine is used only to charge the batteries that power the electric motors.

This concept can be driven for about 100 km on battery power alone before its four-cylinder 1.6-litre Flexifuel engine is required.

The conversion is part of a two-year research project sponsored by the National Rural Cooperative's Research Association's Cooperative Research Network. Photo courtesy of Athens Banner-Herald.

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