Posted by: carboncreditsusa | January 13, 2009

GM To Open Lithium-Ion Battery Factory In Michigan For Chevy Volt Production Futher Committing Company To Electric Vehicles

gm-lithium-ion-batteries

“This is a further demonstration of our commitment to the electrification of the automobile,”

http://www.bloomberg.com/apps/news?pid=20601130&sid=aRi97bIPmu3w&refer=environment

GM will open a lithium-ion battery factory in Michigan, the first for a large U.S. automaker, to assemble the power packs for the Volt plug-in electric car.

The plant will create the packs from battery cells supplied by Compact Power Inc., a unit of Seoul-based LG Chem Ltd., Chief Executive Officer Rick Wagoner told reporters today at the Detroit auto show.

Investing in a battery factory increases GM’s bet on electric vehicles as the biggest U.S. automaker moves toward starting sales of the Volt in November 2010. Detroit-based GM has committed more than $1 billion to the car, Wagoner said.

Wagoner said the plant’s location should be determined this quarter after state and local negotiations. Troy, Michigan-based Compact Power will make the battery packs until GM’s facility is operating, with the first units likely to be built in China and South Korea. LG Chem is South Korea’s biggest chemical maker.

Volt Factory

Lithium-ion batteries can hold more energy than the nickel- metal hydride models now used in hybrids such as

Toyota Motor Corp.’s Prius. Tests of lithium-ion packs for the Volt have been under way for the past 16 months, GM said. The contract award ends a review of cells from Compact Power and a Continental AG unit using technology developed by GM and A123Systems Inc.

 

 


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