General Motors Co. has revealed that the chargers for the Volt plug-in hybrid will be supplied by Lear. These chargers, which are the primary electricity source for the Volt, will be shipped from Lear's factories together with other components including onboard chargers, wiring and a travel charger.
This contract between Lear and GM is considered one of the most important ones for the long term.
There were reports last week of GM's search for a supplier for an optional 240-volt charging device for the Volt.
GM requires a higher-capacity charger to reduce the charging time. The first batches of the vehicle will have a 120 volt electric cord that can recharge the batteries in about eight to ten hours.
The new unit will recharge the Volt's batteries in three to four hours. Initially, the Volt will be launched in late 2010 in California and will be powered by lithium-ion batteries that allow a range of up to 40 miles without the use of the internal combustion engine.
The Volt has a price tag of $41,000, or $33,500 net of full federal income tax credit. There is also a lease program that only asks for a down payment of $2,500 with payments as low as $350 for 36 months.