LG Chem May Manufacture Lithium Cells in USA

LG Chem plans to invest $1 billion over 5 years with most of it being spent in the USA.

Published: 17-Jan-2009

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.


The battery system was developed by CSIRO in Australia, built by the Furukawa Battery Company of Japan and tested in the United Kingdom through the American-based Advanced Lead-Acid Battery Consortium.

The new batteries will make the GM Hybrid System nearly three times more powerful than the system it replaces. Pictured is 2009 Saturn Vue Green Line with Two-mode hybrid drive.

Dramatic developments in stored-power technology make electric cars more viable than ever. Pictures is Th!nk Global's new Ox crossover vehicle.


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