GM, LG to Jointly Develop Electric Vehicles
General Motors and LG Group, which served as the battery cell supplier for the car company’s Chevrolet Volt and Opel Ampera extended-range EVs, are partnering up again on the design and engineering of future electric vehicles (EV).
DETROIT – General Motors (GM) and LG Group, which served as the battery cell supplier for the car company’s Chevrolet Volt and Opel Ampera extended-range EVs, will be working together again. This time, the two companies will jointly design and engineer future electric vehicles (EV).
The partnership agreement was signed Aug. 24 and will help GM expand the number and types of electric vehicles it makes and sells by using LG’s expertise in batteries and other systems, according to GM. For LG, the agreement will widen its portfoli6o as an automotive solutions provider.
“Many solutions for tomorrow’s transportation needs may be available more quickly by building on our partnership strategy,” said Steve Girsky, GM vice chairman. “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 and GM engineers will work on key components as well as vehicle structures and architectures. Vehicles resulting from the partnership will be sold in many countries, according to GM.
The relationship between the two companies expanded last year with work on a demonstration fleet of Chevrolet Cruze electric vehicles. The vehicles, which were used as official vehicles of the G20 summit in Seoul, are currently in the market-testing phases.
“This is a strategic development for LG and we fully support GM’s goal to lead the industry in the electrification of the automobile,” said Juno Cho, president and chief operating officer of LG Corp.
More Digital

F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →
Need for Speed: EV Apps Lack Consistency
Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.
Read More →
Four Keys to Your Digital Trail Defense
Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.
Read More →
Hyundai Hosts Tech Talent Forum
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Dealers Seek Actionable AI
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Reahard & Associates Forges New Integration
The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →
Automotive Training Academy by Assurant Grows Offering
A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.
Read More →
Assurant Debuts Virtual Solution for Dealers' Staffing Challenges
Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.
Read More →
What to Do When Your Vendor Is Hacked
The quickest way to turn a breach into a crisis is to wing it. Follow this seven-step playbook to ensure you meet your obligations.
Read More →