GM and LG to jointly develop EVs

General Motors and LG Group will jointly design and engineer future Electric Vehicles (EVs), expanding a relationship built on LG’s work as the battery cell supplier for the Chevrolet Volt and Opel Ampera extended-range EVs. Teams of LG and GM engineers will work on key components, as well as vehicle structures and architectures. Vehicles resulting from the partnership will be sold in many countries. Timing of the launch of the first vehicles resulting from the partnership will be announced closer to market
June 22, 2012 Read time: 1 min
General Motors Chairman and CEO Dan Akerson and Juno Cho, President and COO of LG, signing the agreement to cooperate on future electric vehicles
948 General Motors and 954 LG Group will jointly design and engineer future Electric Vehicles (EVs), expanding a relationship built on LG’s work as the battery cell supplier for the 1960 Chevrolet Volt and 4233 Opel Ampera extended-range EVs. Teams of LG and GM engineers will work on key components, as well as vehicle structures and architectures. Vehicles resulting from the partnership will be sold in many countries. Timing of the launch of the first vehicles resulting from the partnership will be announced closer to market readiness. The agreement does not involve an exchange of equity between the companies.

The definitive agreement will help GM expand the number and types of electric vehicles it makes and sells by using LG’s proven expertise in batteries and other systems. For LG, the arrangement represents a widening of its portfolio as an automotive solution provider.

Related Content

  • April 10, 2014
    Subscribers to OEM telematics in Western Europe to exceed 42 million by 2019
    ABI research’s latest research finds that the number of subscribers to Factory-installed Safety and Security telematics services is set for solid growth in Western Europe at a CAGR of 47 per cent, reaching 42.5 million in 2019. “Traditional safety and security telematics continues its march forward in Europe with both VW’s Car-Net and GM/Opel’s OnStar scheduled for deployment. A slew of new electrical vehicles from VW, Tesla, BMW, Daimler, and others will also boost telematics uptake and awareness,” says
    Read More
  • August 20, 2021
    Quantron enters EV production deal 
    EV Dynamics will support Quantron in retrofits and technical developments 
    Read More
  • August 10, 2012
    Boston-Power to supply battery systems to Beijing Electric Vehicle company
    Boston-Power, a provider of next-generation lithium-ion battery cells, modules and systems, has announced a multi-year agreement to provide battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Under terms of the agreement, Boston-Power’s battery systems are expected to support multiple BJEV models and brands. Availability of pre-ordered vehicles begins in fourth calendar quarter 2012 with the C70 sedan, which is based on
    Read More
  • February 26, 2016
    Traction motors for electric vehicles change radically
    According to Franco Gonzalez, senior technology analyst, IDTechEx, there are about 200 companies making traction motors for electric vehicles, rather like the 200 making the lithium-ion batteries that increasingly power them. However, whereas three types of lithium-ion battery chemistry and construction are taking almost all of the business, with traction motors the situation is much more complex because the diversity of needs calls for many very different types of motor from brushless out-runner motors for
    Read More

Highlighted Content