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LG Energy Solution, LG Electronics agree to reimburse GM up to US$ 1.9bil. to recall, fix Chevrolet Bolt EVs Updated: 2021-10-13 07:54:26 KST

LG Energy Solution and LG Electronics say they've reached a deal to reimburse General Motors up to 1.9 billion U.S. dollars to recall and fix Chevrolet Bolt electric vehicles due to fire risks caused by faulty batteries that it provided.
GM said Tuesday that fixing the vehicles, including a complete replacement of the batteries, is expected to cost nearly two billion dollars.
The total cost of the recall, however, is expected to vary based on the exact number of vehicles to be fixed, but LG said earlier that it expects the recall to cost about 1.2 billion dollars.
Problems with the Bolt - GM's flagship EV - have led the automaker to recall every unit since production began in 2016.
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