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LG Chem to Supply EV Batteries With a 200-Mile range in 2016

Motor Trend logo Motor Trend 7/23/2014 Conner Golden

South Korean chemical corporation LG Chem announced it will be supplying batteries for electric vehicles capable of over 200 miles of range in 2016.

2013-chevrolet-volt-front-motion-view© Provided by MotorTrend 2013-chevrolet-volt-front-motion-view

LG Chem CFO Cho Suk-jeh did not confirm which vehicles or manufacturers these batteries are destined for, however, LG Chem already supplies batteries to General Motors and Renault, giving us a hint at which vehicles may receive the updated batteries.

Called “second-gen” batteries, they will most likely find their way to the next-generation Chevrolet Volt and new EV offerings from GM. Former GM CEO Dan Akerson discussed the future of GM’s electric vehicles last year, stating a next-generation EV is in development with a 200-mile range. The vehicle in question will have a range extender, a 200-mile plug-in electric range, and a price tag coming in at under $30,000, fitting in with GM’s vision to have 500,000 hybrid/electric vehicles on the road by 2017. In addition to the 200-mile-range vehicle, Akerson confirmed the development of a 100-mile-range EV as well. These ranges, if implemented, will be large improvements over GM’s current EV/hybrid lineup, as the Volt can travel only a meager 38 electric-only miles per charge, and the all-electric Spark EV has a range of just 80 miles.

Source: Reuters

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