lg chem could build battery cells in u.s. - 3.7 volt lithium ion battery
DETROIT (Reuters)-
LG Chem chose to supply battery for GM's Chevrolet Volt, which can make battery for plug
In the mix should be rolled up fully, lg ceo railway-
Suk Kim said Monday.
Kim also told Reuters at the Detroit auto show that the South Korean company is supplying next-
Replacement batteries for electric vehicles, including plugsin hybrids.
Beat the LG chemistry of the draw
In the competition to offer lithium, between the continental German company and the A123 System
GM's much-hyped Volt plans to invest $1 billion in ion batteries (
676 billion)on lithium-
By 2013, ion battery technology, Jin added.
Under a contract with GM, LG Chem will produce batteries at a factory in Ochang, south of Seoul, South Korea.
The batteries will then be shipped directly to the GM battery assembly facility to be built in Michigan.
Asked if LG Chem will eventually make batteries in the US, Kim said: "We are very flexible . ".
Kim said LG Chem currently has enough manufacturing capacity in South Korea to meet GM's production targets.
"We will invest $1 billion over the next five years to develop the battery business as a new growth engine," Kim said . " He added that the investment will be made mainly in the United States.
Chief Executive Officer, Michigan compact power
LG Chem's headquarters unit told Reuters: "You don't want to build capacity or make it fully utilized.
But as long as the conditions are right. . .
We will build this facility.
GM plans to launch Volt by the end of 2010, and the company said it expects to produce 10,000 Volt cars in the first 12 months of production, increasing production to 60,000 vehicles per year.
Designed to travel 40 miles on a single battery charge, Volt has become the core of GM's attempt to reinvent itself as a "green" car maker.
Volt battery contracts are closely watched, the first test of an emerging technology that is expected to generate billions of dollars in sales over the next decade.
GM will give 10-
One-year, 150,000-mile voltage warranty.
Whatever warranty GM offers for the car, LG Chem will match the battery, said Patil.
"One thing we are trying to ensure in this way is that we build confidence in reliability in the minds of our customers," he said . ".
"This is a big problem, everyone is thinking.
But our data shows that hybrid systems and batteries can actually exceed the reliability standards of conventional power systems.
Several automakers, including Honda, question lithium.
Voltage ion batteries can be made on the road
Be prepared before the November 2010 deadline set by GM.
However, Patil said that the technical failures he knew did not exist, and he still believed that Volt could be launched as scheduled.