Compact Power Inc., a unit of South Korea’s LG Chem, reportedly is chosen by General Motors Corp. as the supplier of advanced lithium-ion batteries for the upcoming '11 Chevrolet Volt extended-range electric vehicle. GM and CPI plan to announce the deal sometime next month once details of the contract are ironed out, Reuters reports, noting the other players in the battery competition, Continental AG and A123 Systems Inc., may continue to work with the auto maker for future generations of ...

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