LG Chem is rapidly shaping up to be one of the world leaders in supplying lithium ion batteries for transportation applications. We already knew that LG Chem would be supplying General Motors with cells for the Chevrolet Volt and packs for the General's upcoming two-mode plug-in hybrid. LG is also supplying packs to Hyundai for its Korean-market Elantra hybrid and the upcoming Sonata hybrid.
A new report is indicating that LG Chem is moving forward with plans to be build a $300 million advanced battery plant in southwest Michigan in the near future. The plant will be used to build lithium ion cells for automotive applications. Although LG Chem has yet to publicly announce anything, the plant is expected to supply cells for use in the Chevrolet Volt as well as the other upcoming plug-in hybrid from GM. This summer, GM announced and then canceled plans to build a new PHEV crossover fo
As we reported a few months back, all signs point to Compact Power, a subsidiary of LG Chem, being awarded the big initial battery contract for the upcoming Chevy Volt. Why? There are some obvious reasons, including that Compact Power was able to get its battery packs to the General a full two months before A123 fulfilled its end of the bargain, but there could be more to it than that, and Technology Review is postulating on some possible reasons. Could it be that A123's units were more expensiv
Compact Power Inc is on something of a roll lately. They and parent LG Chem of South Korea have reportedly won contracts supply lithium ion batteries to Hyundai/Kia for upcoming hybrid models and are rumored to be the front runner to the supply contract for the production Chevrolet Volt. CPI's latest deal comes from the United States Advanced Battery Consortium. USABC is a research consortium comprised of the three domestic automakers along with funding from the Department of Energy for basic re