Abbreviation loving multinationals Lucky Goldstar and General Motors have entered into an "Electric Vehicle Cooperation" agreement to build the next generation of EVs. The partnership follows a successful dating phase where LG supplied the batteries for the Chevy Volt.
Now, teams from both companies will collaborate on key components, vehicle structures and architectures -- it's a more substantial proposition than just battery sharing. The plan is to meet the new US fuel economy targets by 2025, so the design phase for the new autos will kick off soon. Let's hope this new venture bears some fruit that's faster than a flying banana.