The contract, which was competitively bid upon, is co-funded by the U.S. Department of Energy and requires a 50% cost share by LGCPI. Specifically, the technology program will center around the development of a self-contained, thermally-managed, lithium-ion battery pack system for plug-in hybrid electric vehicle applications.
Set to run over 24 months, the program will utilize cells that incorporate advanced cathode materials and a thermal management system that incorporates refrigerant-based cooling, integrated heating and high-efficiency insulation. The aim of the program is to make inroads toward achieving the USABC goals for PHEV 40-mile battery pack system performance while driving down the cost to automakers toward the use of USABC goal of $3,400.
"We are pleased to announce the award of this contract to LG Chem Power Inc. as part of USABC's broad battery technology research and development programs," said Steve Zimmer, executive director of USCAR. "These programs are essential to advancing both near- and long-term goals that will enable a broad spectrum of vehicle electrification and make electrified vehicles increasingly affordable." -[email protected]