GM Seems To Have Chosen Battery Supplier For Volt

Reuters is reporting that General Motors has made its selection of battery supplier for its extended range electric car—Chevy Volt—due to hit the market in late 2010.

Reuters says the automaker has chosen LG Chem along with Troy, Michigan-based Compact Power Inc. to supply the lithium-ion battery packs for the first generation Chevy Volt.

If that story holds up, it is something of a surprise because most people haad believed that A123 would be the main supplier.

The contract will be announced in November and the terms are still being worked out.

GM and Compact Power are apparently working out the details of the commercial agreement and how to split warranty costs for the batteries.

GM hasn’t confirmed these reports but an LG Chem spokesman in Korea stated “we were informed that the results are due in November, but we didn’t get any official answer from GM yet. We hope for and expect a good result.”

A123/Continental could still potentially supply Volt packs in the next generation.