Even as skeptics question the market potential for the groundbreaking Chevrolet Volt plug-in hybrid, General Motors is charging into the battery world with the latest in a series of deals aimed at making it a leader in electric propulsion.
The maker will expand its current alliance with Korean battery supplier LG Chem, the two partners saying they will work together on the development of new electric vehicles. Precisely what type of products they hope to bring to market remains to be seen, but GM has already announced it will launch more Volt-based plug-ins, including a new model for Cadillac. And, using batteries from LG Chem’s rival, A123, the Detroit maker is expected to launch its first pure battery-electric vehicle, or BEV, in 2014, TheDetroitBureau.com reported earlier this month. (For more on the A123 project, Click Here.)
“Many solutions for tomorrow’s transportation needs may be available more quickly by building on our partnership strategy,” said GM Vice Chairman Steve Girsky. ”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.”