Auto maker, General Motors and LG group will work together to design and engineer vehicles thanks to a new partnership that extends to LG's earlier work of the GM in lithium ion batteries. Formerly LG delivered battery in the Chevrolet Volt, the Opel Ampera, then demo fleet Chevrolet Cruze electric vehicles.
According to the company their goal is to reduce costs and time required to build electric cars.
LG will cover half the cost for new EVs and will work together with engineers from GM for joint work on components of the vehicle structure and architecture. LG will also be a GM supplier for components which he allowed to sell other auto makers. This means that this partnership will be good for the electric vehicle industry as a whole and not just GM.
The case comes at a time when the United States, automakers are under pressure to raise corporate average fuel economy (CAFE), the recent agreement. By the end of 2025, they must meet Cafe 54.5 mpg (23.2 km/l) – purpose, which will include measures to improve internal combustion and diesel engines, for the most part. But GM said that electric vehicles should play "central role" in achieving the objectives of the CafĂ©, too.
There is no deadline for launch vehicles.
LG Group is the third largest conglomerate in South Korea, which produces electronics, chemicals and telecommunication products and operates subsidiaries of LG Electronics, LG Telecom, Zenith Electronics and LG Chem ...
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