GM awards LG Chem, producer of lithium-ion batteries for electric vehicles,

LG Chem said Sunday that it has been named “corporation of the year” at the 19th annual Supplier of the Year celebration, held at the GM World headquarters in Detroit, Michigan. Company officials said the win was attributable to its lithium-ion battery supplied for GM’s electric car, Volt.

To receive the most prestigious award among 82 global suppliers to GM who were also in presence at the awards, Vice Chairman and CEO of LG Chem, Peter Bahnsuk Kim, flew in to attend the ceremony.

It is believed that LG Chem’s lithium-ion battery has contributed heavily to the successful launch and selling of GM’s first electric vehicle, Volt.

According to GM, the company was also hailed for its innovative technology in developing the advanced battery and the cooperative partnership with one of the world’s largest automakers.

“Our technology and quality in developing lithium-ion battery, of course, its supply capacity has proved once again to be the most advanced in the world,” Kim said. “In addition, LG Chem is determined to build up its partnership with GM to lead the electric vehicle industry,” he added.

General Motors recognized 82 of its best global automotive suppliers Thursday evening with its Supplier of the Year award during the 19th annual awards presentation held at the GM Renaissance Center.

Sixty-three of the winning suppliers have been recognized at least one additional time since the awards began in 1992.

This year’s Corporation of the Year winner is LG Chem, supplier of the battery cells that are packaged into the battery of the Chevrolet Volt electric car with extended-range capability.

"We believe the Supplier of the Year Award is a top honor in the industry," said Bob Socia, GM vice president, Global Purchasing and Supply Chain. "These suppliers are a critical part of our effort to design, build and sell the world’s best vehicles."

The award recognizes the significant contributions of GM’s suppliers in 2010 as part of the company’s global product and performance achievements.

The 2010 Supplier of the Year award winners represent the best the automotive industry has to offer in four key areas:

* Innovative technology
* Superior quality
* Outstanding launch support
* Competitive total enterprise cost solutions

The 2010 General Motors Supplier of the Year award winners are:

* A.P. Plasman

* Active Aero Group

* Acumuladores Moura S/A

* ADAC Automotive

* Allegis Group Services

* BASF Corporation

* Bend All Automotive

* Bose Corporation

* Brabant Alucast International B.V.

* Bridgestone Corporation

* Central Corporation

* ChemicoMays, LLC

* Cisco Systems, Inc.

* CITIC Dicastal Wheel Mfg. Ltd.

* Clark-Cutler-McDermott Company

* COAVIS

* Cosma International, a division of Magna International

* Dedicated Logistics, Inc.

* DENSO International America, Inc.

* Detroit Technologies, Inc.

* DLH Industries, Inc.

* DSV Air & Sea

* Dynamic Manufacturing, Inc.

* Ehwa Diamond Industrial Co. Ltd.

* ECM (Vehicle Delivery Service) Ltd

* EMS-CHEMIE AG

* E-WON SOLUTECH

* FANUC CORPORATION

* FedEx Corporation

* Flexitech

* FUJITSU TEN

* GESTAMP AUTOMOCION S.L.

* GRIMALDI GROUP

* Guangdong Hongtu Technology(holdings) Co., Ltd.

* Henan THB Electric Co., Ltd

* HIROTEC America, Inc.

* Hoegh Autoliners

* HP

* I.S. TECH Co., Ltd

* INFAC Corporation

* Intecnial S.A.

* Iroquois Industries, Inc.

* Johnson Controls – Power Solutions

* Jones Lang LaSalle Americas, Inc.

* Kawasaki Kisen Kaisha, Ltd.

* KIRCHHOFF Automotive

* KM&I Co., Ltd.

* KOREA EXPRESS INC.

* Kwang Jin

* L&W GROUP

* Lakeside Plastics Limited

* Lear Corporation

* LG Chem Ltd

* Mett Pty Ltd

* MITEC Automotive AG

* MITSUBISHI ELECTRIC CORPORATION

* Mitsubishi Heavy Industries Climate Control, Inc.

* Mold Masters Company

* MRC Manufacturing Inc. (Moon Roof Corporation)

* MRM Worldwide

* Muller – Die lila Logistik AG

* NGK Insulators, Ltd.

* Nippon Seiki Co., Ltd.

* Plast-O-Foam LLC

* PST Eletronica S/A

* Pyeong Hwa Automotive Co., Ltd.

* RCO Engineering, Inc.

* Ryder System, Inc.

* Shape Corp.

* SKF Sealing Solutions Korea Co., Ltd.

* SL Corporation

* Starcom Worldwide

* SUNGWOO HITECH CO., LTD.

* SUPREME TREVES PVT. LTD

* Takata

* Toledo Molding & Die, Inc.

* UMW DONGSHIN MOTECH PVT. LTD.

* Union Pacific Railroad

* Valeo Powertrain – Transmissions Systems

* WOOSHIN SYSTEMS CO., LTD.

* YASUNAGA CORPORATION

* YEONG HWA METAL CO., LTD.

www.lgchem.com/