GM Statement Regarding Advanced Battery MEGA Announcement

General Motors encourages the localization of large-scale lithium ion battery cell research, development and manufacturing as a key element to achieving energy independence. Governor Granholm and the MEDC's actions today are a critical step in positioning Michigan as a battery epicenter in the U.S. and creating a green energy economy. We look forward to working with LG Chem and their Troy, Mich.-based subsidiary, Compact Power Inc. (CPI), to develop lithium-ion battery cells for the 2010 Chevrolet Volt.