Electronics giant LG and its CFO, Cho Suk-jeh, recently confirmed to Reuters of a new battery back that could allow certain EV models to travel more than 200 miles on a single charge.
Suk-jeh didn’t say who will get the battery pack first, but previous rumors and speculation point to use by General Motors. Though, nothing has been confirmed by any GM officials.
When GM was led by former CEO, Dan Akerson, plans for a 200+ mile electric vehicle were announced, but details are still sparse. Other insiders have hinted at the possibility of a 2016 launch and a $30,000 price tag for the new GM EV, which would make it more affordable than the incoming and anticipated Tesla Model III.