GM Korea plans to begin production of the battery-electric Chevrolet Spark minicar in 2013; the vehicle will be sold domestically as well as exported, including to the US.
In October last year, GM said that the Spark EV would feature a battery pack from A123 Systems (earlier post), which has since entered a Chapter 11 restructuring and is seeking to sell off its automotive business. (Earlier post.) However, GM last year also expanded its partnership with LG Group to encompass the joint design and engineering of future electric vehicles, thereby expanding a relationship built on LG’s work as the battery cell supplier for the Chevrolet Volt and Opel Ampera extended-range EVs. (Earlier post.)
The Spark EV will feature a 85 kW (114 hp) electric motor.
GM Korea plans to invest more than 1 trillion won (US$900 million) each year from next year to develop new vehicles, powertrains and environmentally friendly equipment, the company said.