LG Chem picked as Volt battery supplier

A123Systems still in it?

According to a number of sources, GM has picked LG Chem and Compact Power to develop the lithium-ion batteries for the Chevy Volt, although GM is not officially confirming this report.

Nonetheless, the same sources also report that GM will continue to work with A123Systems on future battery developments. Apparently, the Volt deal might not be purely about technology either, but the willingness of suppliers to share warranty costs.

Furthermore, a majority of the Volt prototypes currently use LG Chem batteries and GM has been happy with those batteries thus far.