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LG Chem/CPI reportedly chosen to power the first production Volt

According to a Reuters report, General Motors has chosen Troy, MI-based Compact Power Inc. as the supplier of battery packs for the initial production run of Chevrolet Volts. Compact Power is a subsidiary of South Korean conglomerate LG Chem and was one of two groups that were awarded development contracts for the Volt in June 2007. The other contract went to a partnership of Continental and A123 Systems. CPI has been rumored to have won the production contract for some time and GM acknowledged in late summer that a decision had been made. ... Read more →

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