LG, GM to Team on Electric Cars

General Motors Co. and South Korea's LG Corp. will jointly develop a new lineup of battery-powered vehicles in an unusual pairing aimed at slashing the cost and time it takes to create electric cars.

The deal is a first-of-its-kind pairing between an auto maker and electronics giant in vehicle design and engineering. LG will cover roughly half the cost of creating a future portfolio of electric and hybrid vehicles and then become GM's supplier on anything the companies create together, a person familiar with the deal said.

LG Chem, a unit of LG, now supplies lithium-ion battery cells for GM's ..

source: wsj.com

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