Recall due to fire risk at Bolt EV: Battery supplier LG pays GM billions in compensation

The US automaker General Motors (GM) has agreed on billions in compensation with the Korean electronics company LG because of problems with the batteries it supplies. LG comes with it for costs around the callback fire endangered electric cars of the type Chevrolet Bolt EV and its SUV version due to manufacturing defects, it said from GM. In the third quarter, GM will show a special income of 1.9 billion US dollars (1.6 billion euros) – this almost makes up for around 2 billion dollars in expenses for the recalls. GM shares gained around one percent before the IPO.

It was only in August that GM announced that the debacle over the fire hazard in electric cars would cost the car manufacturer more money and that all Bolt EV vehicles would now have to be recalled, including the latest vintages. This involves a total of around 142,000 cars. The majority of the affected vehicles were sold in the United States, the remainder in Canada.

Repeated warnings

The US traffic safety agency NHTSA had repeatedly warned owners not to park their cars in garages or near houses because of the risk of battery fires. The first recall about the problem came from November 2020. (dpa-AFX / gem)

Also read:

Battery fire hazard with the Chevrolet Bolt EV: Customers should park vehicles with a safe distance

GM must recall all Chevy Bolt EVs due to battery fire hazard

Fire brigade calls for more support in the event of e-car fires

Risk of fire in e-cars: hot topic or overheated debate?

From the data center:

Development of all-electric cars in Germany from January 2019 to September 2021

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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