Compact Power, a subsidiary of LG Chem, Ltd., is bringing the power of Lithium-Ion Polymer Battery Technology to North America for Hybrid Electric Vehicle (HEV), Plug-In Electric Vehicle (PHEV), and Electric Vehicle (EV) applications in the automotive, commercial, and military markets.
The company was just chosen by General Motors (GM) to provide complete lithium-ion battery packs for a Buick plug-in hybrid SUV that will debut in 2011 - the same SUV that was to be the Saturn Vue plug in, prior to GM's bankruptcy and Saturn sale to Penske Automotive.
The battery pack will leverage GM’s Voltec technology, currently being used on the Chevrolet Volt, which was developed collaboratively by LG Chem, Compact Power and GM over the past two years. The pack will use the same cells as the Volt, using manganese spinel chemistry. During Plug In 2009 show in Long Beach, Calif., Damien Gardley, CPI's Director of Sales spoke about the company's wins and gave a tease about what we can expect in the next twelve months from them.
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