LG to pay up to $1.9 billion to GM over Bolt EV battery fires

A 2019 Chevrolet Bolt EV caught fireplace at a house in Cherokee County, Georgia on Sept. 13, 2021, in response to the native fireplace division.

Cherokee County Fireplace Division

LG Electronics has agreed to reimburse General Motors as much as $1.9 billion to recall Chevrolet Bolt EVs as a consequence of defective batteries supplied by the South Korean provider.

Issues with the Bolt – the corporate’s flagship mainstream EV – have led the automaker to recall each one of many electrical automobiles since manufacturing started in 2016. Fixing the autos, together with utterly changing some batteries solely, is expected to cost $2 billion, GM mentioned Tuesday.

The manufacturing issues occurred at LG Battery Answer’s crops in South Korea and Michigan. The “uncommon manufacturing defects” within the Bolt EVs are a torn anode tab and folded separator that when current in the identical battery cell enhance the chance of fireside, in response to GM.

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