General Motors and LG Group to Create New EVs

“General Motors and LG Group will jointly design and engineer future electric vehicles.” That is how a release just put out by GM begins.

“General Motors and LG Group will jointly design and engineer future electric vehicles.”

That is how a release just put out by GM begins.

LG is a supplier for the cells used in the battery packs of the Chevrolet Volt and the Opel Ampera.

But this is bigger than batteries.

Again, the GM release: “Teams of LG and GM engineers will work on key components, as well as vehicle structures and architectures. Vehicles resulting from the partnership will be sold in many countries.”

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General Motors Chairman and CEO Dan Akerson and Juno Cho, president and COO of LG Corp.

When you get beyond that first comma to “as well as vehicle structures and architectures” you get the sense that LG Group, which has business activities in Electronics, Chemicals, and Telecommunications & Services, which has 57 subsidiaries including LG Electronics (go to your local Home Depot and see the wide array of LG appliances—and think of what a washing machine is: sheet metal, electronic controls. . .and electric motor), is going to be bringing a whole lot more to this venture than batteries.

Any question that there are huge changes aborning in the auto industry?

There shouldn’t be.

Because the General Motors-LG Group announcement is proof that it is no longer same as it ever was.