(Dow Jones) GM said Thursday it has an agreement with battery developer A123 Systems to create a battery cell for the auto maker's planned Chevrolet Volt electric car, a move that could help the auto maker win a global hybrid-electric vehicle race that currently is dominated by Toyota Motor Corp. (TM).

During a speech, GM Vice Chairman Bob Lutz said A123 will be a key supplier for GM's E-Flex system, which essentially is the propulsion designed to power the Volt and other electric cars the auto maker hopes to make. E-Flex uses an electric motor to drive a vehicle, backed up by a more traditional engine for when battery power is not adequate. Read Full Article