
Reuter’s has just published an interview with Compact Power Inc. (CPI) CEO, Prabhakar Patil. In it he notes some interesting and novel points. For those who are not following the news that carefully, CPI is the competitor against A123 to design the Volt’s battery pack. CPI is working with Li-ion cells from LG Chem, whereas A123 cells are being worked with by Continental AG. GM-Volt.com has exclusive interviews and podcasts with both sides: CPI, A123.
In this new statement, Patil indicates that CPI has apparently chosen a liquid-cooled course for their battery packs. This is new as Volt Chief Engineer Nick Zielinksi had previously said it wasn’t clear whether liquid or air-cooling would be chosen, when we met with him in June. Patil also acknowledged that selling battery packs to cars would rapidly grow to a billion dollar industry in the next 5 to 10 years.
It is clear that Li-ion automotive battery systems are the way to go, but right now they are quite expensive; the Tesla Roadsters $100,000 price tag attests to that fact. GM, clearly, as a mass-producer wants to bring the price point into the public’s reach. Indeed, Patil’s comments allude to the fact that this pricing problem may be part of the delay we are seeing in bringing the Volt to production
Patil, has also disclosed a novel idea. He is apparently marketing GM to consider the idea of separately leasing out the battery pack to consumers. This way, even if you bought the car for say $28,000, you might have a separate lease payment for your $10,000 battery pack (note these prices are solely for purposes of discussion, I do not have the actual GM figures).
I guess this idea might make sense if you really want to buy the car, but the cost was too high with the battery But, if you were planning to lease the car anyway it wouldn’t be necessary.