🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

General Motors to replace battery modules for some Bolt electric vehicles after fire risks

Published 08/16/2021, 10:38 PM
Updated 08/16/2021, 10:40 PM
© Reuters.
GM
-

(Reuters) - Automaker General Motors Co (NYSE:GM) said it will replace all battery modules in some Chevrolet Bolt electric vehicles (EVs) under a recall announced last month.

The module replacements, which could start as early as later this month, come after GM recalled its 2017-2019 model year Bolt battery-powered cars for the second time in less than a year. Two fire incidents were reported after the initial recall, including one in a Bolt that had updated software.

GM, the largest U.S. automaker, said in a statement issued on Monday it would replace recalled vehicles' lithium ion battery modules with new modules, rather than replacing entire battery packs. "The battery pack case, wiring and the other pack components are not defective and do not need replacing," it said.

GM said earlier the high-voltage batteries being recalled were produced at South Korean manufacturer LG Chem Ltd's Ochang facility in Korea. The automaker said on July 23 it and LG had identified the presence of two rare manufacturing defects in the same battery cell as the root cause of battery fires in certain Bolt EVs.

A spokesperson for LG Energy Solutions (LGES), a wholly owned LG Chem battery subsidiary, said LGES "will actively cooperate to ensure that the recall measures are carried out smoothly."

In late July, GM said its second-quarter results included $800 million in costs associated with the recall of Bolt EVs.

The automaker also asked owners to charge their vehicle after each use and avoid depleting the battery below approximately 70 miles of remaining range, where possible, to reduce the risk of a fire.

© Reuters. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, Michigan, U.S. March 22, 2019.  REUTERS/Rebecca Cook/File Photo

GM said it was still recommending customers park vehicles outside immediately after charging and not leave them charging overnight. It said customers should also seek out the software update issued as part of the initial recall.

The automaker plans to use a different-generation battery when it launches electric Hummer and Cadillac vehicles over the next year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.