General Motors is working on latest electric vehicles with Korean electronics company LG, the supplier of battery cells for the Chevrolet Volt extended-range electric car, the automaker seeks to improve its electric-vehicle portfolio.
Dan Akerson, the CEO of GM, and Juno Cho, LG President, signed a contract Wednesday. General Motors plans to sell the resulting vehicles in several countries, though said it would announce the timing for those launches later on.
Steve Girsky, GM Vice Chairman said, “Consumers benefit by getting the latest fuel-saving technology faster if we work with the best suppliers and we save time and money in the development process.”
Pure-electric vehicles, which run only on battery power, can help automakers meet a stricter fuel-economy standard, or Corporate Average Fuel Economy, which the Obama administration last month nearly doubled to 54.5 m.p.g. by the end of the 2025 model year. In addition to the Volt’s battery cells, LG and GM worked together on a test fleet of Chevrolet Cruze pure electrics.
General Motors is working on some kinds of electrified vehicles in addition to the Volt, which runs on battery power for the first 35 miles and after that utilizes a gasoline-powered generator. A similarly powered Cadillac, the ELR, is coming to market the moment 2013. The automaker has so far to announce production of pure electric or plug-in hybrid vehicles.
Ford and Toyota said they will come together on a hybrid system for trucks on Monday.