GM's Volt

"GM goes electric with concept car" got the news today at Reuters and MSNBC.

We read further and see that GM's (NYSE: GM) Volt proposition will be and autonomy of 40 miles and the possibility of recharge included in the vehicle, that will provide a combustion engine solely for that purpose. The battery technology is said to be lithium-ion.

Which will be the suppliers of the batteries, the critical part of this hybrid vehicle? Reuters explains:

"GM awarded lithium-ion battery development contracts for its Saturn Vue Green Line hybrid to Johnson Controls Inc. affiliate Johnson Controls-Saft Advanced Power Solutions and Cobasys, a venture of Chevron Corp. and Energy Conversion Devices Inc. . Cobasys will work with privately held A123Systems to develop the technology."

When?

"Lauckner said the Volt should be ready for production around the same time the lithium-ion batteries will be, which GM expects to be in two to three years."

So, now we know that GM has made the announced move and chose, ADVFN tell us, Johnson Controls (Nyse: JCI) and ultimately A123Systems technology and the batteries will be provided in "two to three years".

Now, another question: who's with Alcoa (NYSE: AA) and Altair Nanotechnologies (NASDAQ: ALTI)? Altair has already announced a complete product...


Disclaimer: I own shares of Altair Nanotechnologies.