GM and LG Team Up to Develop Electric Cars

GM and LG Team Up to Develop Electric Cars

With the push toward electric vehicles appearing to gather momentum, General Motors has announced that it’s partnering up with Korean electronics giant LG Corporation to develop a new range of EVs. This expands an existing relationship between the two companies, whereby LG has been involved on battery development for the Chevy Volt and its Euro market counterpart the Opel/Vauxhall Ampera.

“Many solutions for tomorrow’s transportation needs may be available more quickly by building on our partnership strategy,” declared 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.”

LG’s President and Chief Operating Officer, Juno Cho, added, “this is a strategic development for LG and we fully support GM’s goal to lead the industry in the electrification of the automobile.”

The need to develop thriftier, cleaner vehicles has been largely driven by impending tough fuel economy and emissions standards, primarily in Europe and the US, the latter of which has proposed a Corporate Average Fuel Economy target of 54.5 mpg for all cars sold here by 2025.

EVs which have no tailpipe emissions, nor gasoline consumption, are expected by many to play a significant role in enabling many automakers to meet the proposed targets.