GM to invest $30 million in Volt-battery plant

Speaking at the Automotive News World Congress today in Detroit, Chevrolet’s North American vice president Ed Peper said that General Motors will invest a total of $30 million in its planned U.S. plant to build the batteries it will use in the Chevrolet Volt.

The new plant is scheduled to open in Michigan in 2010. It will build lithium-ion battery cells manufactured by LG Chem. Ltd into 400-pound packs which will then power the Volt.

“We chose Chevy because we can’t be niche with the Volt. We have to make it a mass-production vehicle,” Peper told the press.

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2011 Chevrolet Volt:



Source: Reuters