GM awards two contracts to supply Lithium Ion batteries for the new Chevy Volt. One contract goes to A123 Systems partnered with Continental Automotive Systems and the other to Compact Power Inc (CPI). The two companies are acting as the battery systems integrators for this program. Continental will be using lithium ion cells provided by A123 Systems while Compact Power is using LG Chem cells. CPI is the North American subsidiary of South Korea’s LG Chem. During the course of the one year contracts the two integrators will supplying complete energy storage systems including thermal and charge management for the production development of vehicles based on the new E-Flex platform that is the basis of the Volt. Read Article