The Car and Truck Fleet and Leasing Management Magazine

GM and LG to Jointly Develop Electric Vehicles

August 25, 2011

General Motors Chairman and CEO Dan Akerson and Juno Cho, president and COO of LG Corp. signed an agreement Wednesday for GM and LG to cooperate on future electric vehicles. Photo courtesy of GM.
General Motors Chairman and CEO Dan Akerson and Juno Cho, president and COO of LG Corp. signed an agreement Wednesday for GM and LG to cooperate on future electric vehicles. Photo courtesy of GM.

DETROIT – General Motors and LG Group announced they will jointly design and engineer future electric vehicles. LG currently supplies battery cells for the Chevrolet Volt (and Opel Ampera in Europe). The companies signed the agreement on Wednesday. GM stated the agreement will help the company expand the number and types of electric vehicles it makes. For LG, the agreement represents widening its portfolio as an automotive supplier.

GM and LG worked on a demonstration fleet of Chevrolet Cruze electric vehicles last year, according to GM. These vehicles were used during the G20 summit in Seoul and are now in the market-testing phase.

GM hasn’t announced any specific dates for vehicle launches associated with this agreement. Also, the agreement doesn’t involve any exchange of equities between the companies.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Clean Energy Fuels provides natural gas fuel for transportation in North America.

Read more

Alternative Fuel Locator

Use the Alternative Fuel Locator to find stations near you.

Launch Alternative Fuel Locator

Up Next

More From The World's Largest Fleet Publisher