GM Electric Car Chevy Spark
The Spark will be made in Korea, or at least that is according to reports.
Apparently GM wants to compete with the Nissan LEAF, which according to reports is selling about 1,000 per month.
General Motors (NYSE:GM) Chevrolet announced it will produce an all electric version of the Chevy Spark mini-car, the Spark EV.
It will be sold in limited quantities in select and global markets, including California.
A123 Systems (NASDAQ:AONE) will supply the advanced nanophosphate lithium-ion battery packs that will power the Spark EV, Chevrolet confirmed.
Details on specific markets, range, quantities and pricing will be announced
General Motors (NYSE:GM) has a potential upside of 65.9% based on a current price of $23.25 and an average consensus analyst price target of $38.58.
GE (who benefits from building charging stations and is one of the single largest holders of electric battery maker, A123
The latest hybrid version of the Toyota Prius is rumored to get about 60 mpg while costing close to $20,000. No range anxiety, no $7,500 tax subsidy and half the price of a Chevy Volt.
According to GM North America Director of Communications, Greg Martin, both conventional and electric versions will be built in Korea
