GM Chooses LG Chem and Compact Power to Produce Volt Battery Packs

According to a Reuters, sources close to the deal have reported that GM has chosen LG Chem and Troy, Michigan based Compact Power to produce the lithium-ion batter packs for the Chevrolet Volt.  Seems they are still in talks regarding the details, like warranty costs, but this still seems pretty legitimate.  The actual deal will not be reported until November, and it seems as if all companies involved are conveniently declining to comment.

The anonymous sources also had indicated that the CPI batteries were being used in most of the Volt tests, and seemed to be running fairly perfectly.  A GM spokesman let Reuters know there was no official decision yet, although a a spokesman for LG Chem said:

“We were informed that the results are due in November, but we didn’t get any official answer from GM yet. We hope for and expect a good result.”

We will keep you informed of any new developments.