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

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A 2019 Chevrolet Bolt EV caught fireplace at a house in Cherokee County, Georgia on Sept. 13, 2021, in line with the native fireplace division.
Cherokee County Hearth Division

LG Electronics has agreed to reimburse Common Motors as much as $1.9 billion to recall Chevrolet Bolt EVs on account 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 vehicles since manufacturing started in 2016. Fixing the autos, together with fully changing some batteries completely, is predicted to value $2 billion, GM stated Tuesday.

The manufacturing issues occurred at LG Battery Resolution’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 danger of fireplace, in line with GM.

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