GM to establish lithium-ion battery plant in Michigan
The Volt's lithium-ion battery cells will be supplied by South Korean chemical company LG Chem
According to General Motors (GM), the manufacturing facility preparation will begin in early 2009, with production tooling to be installed mid-year and output starting in 2010. The battery pack system consists of lithium-ion cells that are grouped into modules, along with other key battery components.
The Volt's lithium-ion battery cells will be supplied by South Korean chemical company LG Chem. Compact Power, a subsidiary of LG Chem based in Troy, Michigan, will build battery packs for Volt prototype vehicles until GM's battery facility is operational.
GM has also signed a joint engineering contract with Compact Power and LG Chem to further expedite the development of the Volt's lithium-ion battery technology.
Rick Wagoner, chairman and CEO of GM, said: The design, development and production of advanced batteries must be a core competency for GM, and we have been rapidly building our capability and resources to support this direction. This is a further demonstration of our commitment to the electrification of the automobile and to the Chevrolet Volt, a commitment that now totals more than $1 billion.
General Motors is the world's largest automaker. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
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