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.

For more information on companies in this article

Related Content

  • Investment boost for Canada’s weather warning systems
    August 5, 2013
    David Crawford reviews national and regional initiatives to boost Canada’s weather forecasting. Over the next five years Canada’s national weather services are due to benefit from a CAN$248 million injection of funding into the Environment Canada (EC) department to deliver timelier and more accurate weather warnings and forecasts for users including travellers and transport operators. The scheme, set out in the country’s 2013 Economic Action Plan, is to revitalise the services with new investments in federa
    Read More
  • Q&A: Why has Almaviva bought Iteris?
    January 17, 2025
    US-based ITS sector veteran Iteris has been bought for $335m by Italian digital specialist Almaviva. But who exactly is the new owner and what does it want? Adam Hill finds out…
    Read More
  • GE and EV World collaborate on electric vehicle technology
    October 15, 2012
    General Electric (GE) has announced a partnership with Singapore-based electric vehicle research centre EV World to collaborate on technology development and strategic initiatives to support the roll out of electric vehicles (EV) in Malaysia and Singapore. The companies said the collaboration would lead to a research and development centre of excellence for EV technology. “It will also allow both parties to work hand-in-hand to bring to market commercial applications for EVs to Malaysia and Singapore,” they
    Read More
  • Hawaii to deploy public EV charging points
    February 2, 2012
    Hawaii’s Lt. Governor Brian Schatz has announced that AeroVironment has been selected to help lead the way to a cleaner transportation future through an $820,000 contract from the Hawaii EV Ready Grants Programme.
    Read More

Highlighted Content