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LG Energy Solution, LG Electronics agree to reimburse GM roughly US$ 1.2 bil. Updated: 2021-10-13 14:04:09 KST

South Korean battery maker LG Energy Solution and its affiliate LG Electronics say they've reached a deal to reimburse General Motors roughly 1.2 billion U.S. dollars for the recall and repair of faulty batteries in GM's Chevy Bolt electric vehicles.
The recall affects every Bolt made since the car came out in 2016.
GM had earlier demanded almost two billion dollars, but LG Energy Solution said the deal they reached at 1.2 billion will cover only a certain number of them.
The recall was expanded in August to more than 140-thousand cars due to the risk of fire caused by a rare battery defect.
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