GM may be replacing tens of thousands of Bolt EV batteries, but it won’t have to pick up the tab for most of them: LG will pay nearly all the costs associated with recalling the Chevy Bolt EV and EUV.
GM throws LG under the bus as Chevy Bolt production pauses amid recall
No end in sight for recall as both companies race to find the problem.
Misaligned factory robot may have sparked Chevy Bolt battery fires
“What we’re looking at is a perfect storm.”
GM says it will seek reimbursement from LG Chem for $1B Chevy Bolt recall losses
American automaker General Motors expanded its recall of Chevrolet Bolt electric vehicles on Friday due to fire risks from battery manufacturing defects. The automaker said it would seek reimbursement from LG Chem, its battery cell manufacturing partner, for what it expects to be $1 billion worth of losses. Following the news of the recall, the […]
GM recalls every Chevy Bolt ever made, blames LG for faulty batteries
Two simultaneously occurring defects will cost $1.8 billion to fix.
LG Energy Solution inks deal with Australian mining company for nickel and cobalt
South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry metric tons of cobalt from […]
Automakers have battery anxiety, so they’re taking control of the supply
Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years.