GM to Invest $30 Million in New LIthium Battery Plant
DETROIT - General Motors Corp will invest $30 million in its planned U.S. plant that will build next-generation batteries for its all-electric Chevrolet Volt, the head of GM's flagship Chevrolet brand said on Tuesday.
The facility, scheduled to open in Michigan in 2010, will assemble lithium-ion battery cells manufactured by South Korea's LG Chem Ltd into 400-pound packs, which will power the heavily touted Volt plug-in car.
"We chose Chevy because we can't be niche with the Volt. We have to make it a mass-production vehicle," Ed Peper, North American vice president of GM's Chevrolet brand, said at the Automotive News World Congress in Detroit.
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