General Motors revealed that it has partnered with LG to develop new electric vehicles and have them readily available for consumers. Currently, GM’s Chevrolet Volt plug-in hybrid uses a battery pack developed by LG that allows the car to travel up to 40 miles from being powered by the battery alone. The new partnership will continue to see LG supply batteries for GM and also allow the Korean electronics company to collaborate on key features such as vehicle components, structures and designs.
Steve Girsky, GM’s Vice Chairman, feels positive about this joint venture, recently stating:
Many solutions for tomorrow’s transportation needs may be available more quickly by building our partnership strategy. 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.