• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


Chevrolet to Increase Volt Production Capacity by 50 Percent

As President Barack Obama toured the General Motors' Detroit-Hamtramck facility on July 30, the company announced that strong public interest in the Chevrolet Volt - the extended-range electric vehicle - has prompted it to increase its U.S. production capacity of the groundbreaking new car by 50 percent, from 30,000 units to 45,000 units, in 2012.

The Volt offers a total driving range of about 340 miles and is powered by electricity at all times. For up to the first 40 miles, the vehicle drives gas- and tailpipe-emissions-free using electricity stored in its 16-kWh lithium-ion battery. When the Volt's battery runs low, a gas-powered, engine/generator seamlessly operates to extend the driving range another 300 miles on a full tank.

The Detroit-Hamtramck plant received $336 million in new investment to prepare for production of the Volt, part of more than $700 million GM has invested in eight Michigan facilities to support Volt production since 2008. This includes a 33,000 square-foot battery systems lab in Warren; a battery assembly facility in Brownstown Township; and supporting engine and stamping operations in Grand Blanc, Bay City, and three plants in Flint.

Additionally, in early July, battery cell supplier LG Chem/Compact Power Inc. broke ground on a $300 million, 650,000-square-foot plant in Holland, Mich., to support Volt production, creating 400 jobs. Since the Volt's debut in January 2007, other automakers have announced 30 plug-in hybrid or electric vehicles.

Exclusive Research