GM (GM) Announces Plans to Make All-Electric Chevrolet Spark Mini-Car, Called Spark EV
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General Motors (NYSE: GM) Chevrolet division announced it will produce an all-electric version of the Chevrolet Spark mini-car called the the Spark EV.
The new Spark EV will be sold in a select number of cities and markets around the world beginning in 2013. The company noted that it will be sold in California.
A123 Systems (Nasdaq: AONE) will supply the advanced nanophosphate lithium-ion battery packs that will power the Spark EV.
“The Spark EV offers customers living in urban areas who have predictable driving patterns or short commutes an all-electric option,” said Jim Federico, global vehicle chief engineer for electric vehicles at Chevrolet. “It complements Chevrolet’s growing range of electrified vehicles, including the Volt extended-range EV and the 2013 Malibu Eco with eAssist technology.”
Shares of GM are trading up 4.54 percent on the day to $23.52.
The new Spark EV will be sold in a select number of cities and markets around the world beginning in 2013. The company noted that it will be sold in California.
A123 Systems (Nasdaq: AONE) will supply the advanced nanophosphate lithium-ion battery packs that will power the Spark EV.
“The Spark EV offers customers living in urban areas who have predictable driving patterns or short commutes an all-electric option,” said Jim Federico, global vehicle chief engineer for electric vehicles at Chevrolet. “It complements Chevrolet’s growing range of electrified vehicles, including the Volt extended-range EV and the 2013 Malibu Eco with eAssist technology.”
Shares of GM are trading up 4.54 percent on the day to $23.52.
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