General Motors and LG Corp will work together to build the next generation Chevrolet Bolt electric vehicle.
The next generation Chevrolet Bolt is going to be a completely electric vehicle. The Chevy Bolt is also expected to run 200 miles on a single electric charge. To make the car a reality General Motors is teaming up with LG Corporation.
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On Tuesday GM announced the development with LG. The announcement took place during a media briefing at GM's Global Battery Systems Lab in Warren Tech Center campus.
The Detroit automaker will collaborate with the Korean electronics company. LG will provide all of the powertrain parts for making the Chevy Bolt. The Chevy Bolt EV production will start by 2016 and it will be released in 2017.
The Chevy Bolt will have parts such as the battery system and infotainments from LG. Following are the new components and systems that LG supplied for the Chevrolet Bolt EV:
- Electric Drive Motor (built from GM design)
- Power Invertor Module (converts DC power to AC for the drive unit)
- On Board Charger
- Electric Climate Control System Compressor
- Battery Cells and Pack
- High Power Distribution Module (manages the flow of high voltage to various components)
- Battery Heater
- Accessory Power Module (maintains low-voltage power delivery to accessories)
- Power Line Communication Module (manages communication between vehicle and a DC charging station)
- Instrument Cluster
- Infotainment System
Although the car will also be introduced in many global markets the car will be majorly aimed at the US market. Mark Reuss is GM's executive vice president of Global Product Development. According to Reuss, Chevrolet needs to be disruptive to retain leadership in electrification.
“Chevrolet needs to be disruptive in order to maintain our leadership position in electrification,” said Mark Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain.
“By taking the best of our in-house engineering prowess established with the Chevrolet Volt and Spark EV, and combining the experience of the LG Group, we’re able to transform the concept of the industry’s first long range, affordable EV into reality.”
The new Chevy Bolt will have the best of all the components at its disposal. It will be build using Chebrolet Volt and Spar EV technology and provided with the best LG components. The first long range affordable EV will be made into a reality.
“Being selected as GM’s EV technology partner positions LG as a key player in next-generation vehicular technologies,” said Lee Woo-jong, president and CEO of the LG Electronics Vehicle Components Co.
“The opportunity to work with GM on such game-changing technology is indicative of exactly the type of contributions that traditional tech companies can make in the automotive space.”
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The Chevrolet Bolt will come with a price tag of $35,000. LG will have to invest more than $250 million in an engineering and manufacturing facility for the Chevy Bolt.