GM CEO Dan Akerson (left) and LG Corp President Juno Cho sign an agreement on future EV cooperation (Photo: GM)

General Motors, eager to strengthen its position in the growing new-mobility race, said it will cooperate withKorea's LG Group to jointly design and engineer future electric vehicles.

The US carmaker said the tie-up expands on a relationship it built working with LG as the battery supplier for the Chevrolet Volt and Opel Ampera extended-range EVs.

GM plans to use LG expertise in batteries and other systems to increase the number and types of EVs it makes and sells.

"Many solutions for tomorrow’s transportation needs may be available more quickly by building on our partnership strategy,” GM Vice Chairman Steve Girsky said in a press release. "Consumers benefit by getting the latest fuel-saving technology faster if we work with the best suppliers and we save time and money in the development process.”

Juno Cho, president of LG Corp said the cooperation is a strategic development for his company. "We fully support GM’s goal to lead the industry in the electrification of the automobile,” he said.

GM also cited more stringent emission and fuel consumption regulations in many countries as an incentive to step up the pace of development of electric vehicles. The company cited in particular a recent US Administration initiative to achieve average fuel consumption of the national fleet of 54.5 mpg by 2025.