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General Motors Corp. has awarded two contracts to companies that will help speed up development of its plug-in hybrid car called the Chevrolet Volt, GM Chairman Rick Wagoner said Tuesday.
Wagoner, speaking Tuesday at the company's annual shareholders meeting, also said GM would introduce four new hybrid models this year.
A company spokesman said the four new hybrids, all previously announced, are the two-mode gas-electric systems in the Chevrolet Tahoe and GMC Yukon large sport utility vehicles, and hybrid systems for the Saturn Aura and new Chevrolet Malibu sedans.
The contracts to design and test lithium-ion batteries went to Michigan-based Compact Power Inc. and to Continental Automotive systems, Wagoner said.
"Given the huge potential that the Volt and its E-flex system offers to lower oil consumption, lower oil imports and reduce carbon gas emissions, this is for sure a top priority program for GM," said Wagoner, who added that the company is trying to produce the Volt as soon as it can. No timetable has been set for its actual production.
The Volt, unveiled in January at the Detroit auto show, has a battery-powered electric motor that can run the car for up to 40 city miles on a single charge. Beyond that, a gasoline-powered, one-liter, three-cylinder engine can generate electricity to power the car and replenish the battery, with a range of up to 640 miles, GM said.
The battery system can be plugged into a home outlet for recharging, and the gasoline engine can recharge the batteries while it is moving.
GM's announcement came as Honda Motor Co., Japan's second biggest automaker, said it will discontinue the hybrid version of its Accord sedans, conceding Toyota Motor Corp.'s dominance with the hit Prius hybrid.
Honda said Tuesday it will continue to make gas-and-electric models of its Civic sedan, but stop offering the hybrid Accord with the new model expected to go on sale later this year, company spokesman Yoshiyuki Kuroda said in Tokyo.
The Accord hybrid, which is sold only in North America, sold just 25,000 since going on sale in 2004, and just 6,100 last year.
Toyota's Prius hybrid is the market leader, with 729,800 units sold since December 1997.
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