Compact Power Confident of its Volt-destined Battery Packs
Advanced battery firm Compact Power Inc. is expressing confidence in the future of lithium-ion batteries for hybrid vehicles as the company prepared to deliver its third prototype battery pack this week for the Chevrolet Volt plug-in project.
The Troy-based firm and its parent company, battery maker LG Chem Ltd. of South Korea, are one of two groups under contract to develop battery pack systems for the Volt, a plug-in hybrid electric vehicle with a 40-mile electric driving range.
Despite some hedging by top executives, General Motors Corp. is moving ahead with a late 2010 production timeline for the sport sedan, a company spokesman said.
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