A licensing agreement among LG Chem, Argonne National Laboratory and General Motors will result in lighter, more powerful lithium-ion batteries for the Chevrolet Volt.

The deal, announced Thursday, gives LG Chem and GM U.S. access to Argonne’s patented lithium- and nickel-manganese-cobalt cathode combination that will be used to extend range between charges, increase battery life and improve the safety of lithium-ion cells.

“This is cutting-edge technology that is going to improve future electrified vehicles — pure electrics, extended-range electrics and plug-in hybrids,” Jon Lauckner, president of GM Ventures, said of the second generation cathode material. Get the full story »