GM's $2 billion Chevy Bolt fire recall casts shadow over electric vehicle market

General Motors has expanded the recall of its Chevrolet Bolt electric car due to concerns about potential battery fires, adding another 73,000 vehicles, for a total of about 142,000 cars — every single one that Chevy has so far sold.

“In rare circumstances, the batteries supplied to GM for these vehicles may have two manufacturing defects — a torn anode tab and folded separator — present in the same battery cell, which increases the risk of fire,” the company said in a statement. The problem with the Kona appears to have been the same as what ails GM’s Bolt models: manufacturing defects involving batteries supplied by LG Chem, one of the largest manufacturers of lithium-ion technology. The South Korean supplier’s shares took a sharp hit on Monday in the wake of the Chevy announcement.

No it does not, this is effort to persuade Not fact and reporting, it talks about a responsible company noting and correcting an error

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gm seems hell bent on ruining the economy

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S.Korea's LG Chem shares dive on GM electric car recallLG Chem Ltd (051910.KS) shares slid nearly 10% on Monday after General Motors Co said it would recall an extra 73,000 Chevrolet Bolt cars that use the South Korean firm's batteries, months after a similar recall by Hyundai Motor Co (005380.KS).
Source: Reuters - 🏆 2. / 97 Read more »

Explainer: Are lithium-ion batteries in EVs a fire hazard?General Motors Co has expanded the recall of its Chevrolet Bolt electric vehicles due to a risk of fire from the pouch-type lithium-ion battery cells made by South Korea's LG.
Source: Reuters - 🏆 2. / 97 Read more »

S.Korea's LG Chem shares dive on GM electric car recallLG Chem Ltd (051910.KS) shares slid nearly 10% on Monday after General Motors Co said it would recall an extra 73,000 Chevrolet Bolt cars that use the South Korean firm's batteries, months after a similar recall by Hyundai Motor Co (005380.KS).
Source: Reuters - 🏆 2. / 97 Read more »