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August 2, 2016

LG Electronics to supply key components for Chevrolet Bolt

LG Electronics has been named as the supplier of major electrical system parts for the Chevrolet Bolt. Production of this plug-in crossover is due to commence in October.

LG Electronics has been named as the supplier of major electrical system parts for the Chevrolet Bolt. Production of this plug-in crossover is due to commence in October.

The South Korean Tier 1 has been contracted to provide 11 key components for the Bolt, including the motor, inverter and battery pack. The supply agreement is for six years, The Korea Herald states in a 2 August report.

The Seoul-based daily says LG Electronics' sales are expected to surge to KRW 3tr (US$2.71bn) this year, compared to KRW1.8tr in fiscal 2014-2015.

The Bolt should have a range of more than 200 miles, according to General Motors. GM is believed to be planning to make the car at an annualised rate of 25,000-30,000 units. Production will be at Orion Assembly, some 30 miles north of Detroit. Specs released in January 2016 reveal that the battery pack is a weighty 435kg and the kerb weight is 1,625kg.

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