LG Chem May Manufacture Lithium Cells in USA
DETROIT - LG Chem Ltd, chosen to supply batteries for General Motors Corp's Chevrolet Volt, could manufacture battery cells for the plug-in hybrid in the United States should volumes rise sufficiently, LG's chief executive Bahn-suk Kim said on Monday.
Kim also told Reuters at the Detroit Auto Show that the South Korean company is in talks with other automakers about supplying next-generation batteries for electric vehicles, including plug-in hybrids.
LG Chem, which beat a tie-up between Germany's Continental AG and A123 Systems in the race to provide lithium-ion batteries for GM's heavily touted Volt car, plans to invest $1 billion on lithium-ion battery technology by 2013, Kim added.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus