Hyundai Motor plans to recall the most expensive electric vehicle in the world

Hyundai Motor plans to recall the world’s most expensive electric vehicle to replace the battery after a series of electric fires, according to people familiar with the situation.

Korean car maker in October Remember 77,000 Kona More than 12 electric vehicles manufactured between September 2017 and March 2020 ignited due to battery problems. Automakers are now considering replacing the vehicle’s battery after the recalled Kona model ignites even after undergoing a software upgrade. People said this could cost as much as a ton of won ($ 900 million).

The car that ignited used an LG Chem battery cell manufactured at a factory of a Korean company in Nanjing, China.

“Hyundai is considering a variety of options, including battery replacement. [for Kona EVs]”A person who knows the company’s negotiations with LG Chem said.

Hyundai has been criticized for its validity Before Voluntary recall. The fire of an electric bus manufactured by a car maker this month raised concerns about the safety of electric cars. The Electric City Bus used batteries from LG Energy Solutions, LG Chem’s wholly owned battery division.

The Korean Ministry of Transport is investigating the cause of the Kona fire. Hyundai Motor said no decision had been made on the recall while waiting for the ministry’s findings.

“We are actively working with battery makers and the Ministry of Transport to determine the exact cause. Hyundai Motor President Chang Jae-hoon said at a press conference on Tuesday that Hyundai Motor’s first model, the Ioniq 5, He talked about the release at a press conference. Dedicated electric vehicle platform..

According to industry tracker SNEResearch, Hyundai, along with its affiliate Kia, is the world’s fourth-largest electric vehicle manufacturer with a total market share of 7.2% as of September last year.Pair is aiming for sale 1 million electric vehicles a year By 2025.

Hyundai and LG Chem are discussing how to split the cost of battery replacement, but close people say they have blamed each other on the issue and have yet to reach an agreement.

“With today, we’ve identified the cause of the problem, discussed how to deal with it, and put consumer safety first, but nothing has been decided yet,” he said.

Their decision is Fast-growing electric vehicle industry, Several other car makers are tackling similar issues.

According to analysts, some automakers have opted to upgrade the software for recalled electric vehicles. This is a much cheaper option than replacing the battery, which accounts for about 40% of the price of an electric vehicle.

General Motors said in November After some fires have been reported, you will remember about 69,000 Chevrolet Bolt electric vehicles worldwide. The recalled bolts manufactured between 2017 and 2019 use high voltage batteries manufactured at LG Chem’s Ochang plant in South Korea.

The GM move came shortly after a series of recalls by Ford and other car makers, including Ford. BMW, All of which quoted the risk of fire.

“Because GM has similar problems, modern decisions will intensify the debate between EV and battery makers as to who should be responsible,” said Jung Sung-yeop, an analyst at Yamato. Said.

Hyundai Motor plans to recall the most expensive electric vehicle in the world

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