trainsafe
Well-Known Member
I’m going to jump in and add some new (and purely speculative) possibilities for the delay.
does anyone know who makes the battery for FCA? Is it LG?
This information summarizes what Kia and Hyundai are experiencing. This is why Hyundai group has been trying to switch to SK but becuase of legal obstacles SK is bared from the USA for ten years.
Pretty soon GM, others and maybe even Tesla are going to fall in with this.
LG stock is going to crumble, it will then be a great time to buy stock as it will go back up someday, just goes to show just how dangerous batteries are if you fuck it up.
https://insideevs.com/news/492167/reports-lg-chem-cost-hyundai-battery-recall/amp/
"The costly recall will eat a significant part of profits for both companies.
LG Chem's LG Energy Solution is expected to cover 70% of the costs related to the large global battery recall of roughly 82,000 Hyundai electric vehicles.
The news comes from Yonhap news agency and South Korean media (via Reuters) and is not a big surprise, as some analysts expected that LG Chem would have to pay the majority of the bill.
The recall includes mostly Hyundai Kona Electric (75,680), but Hyundai IONIQ Electric and Hyundai Elec City electric buses are also included.
2020 Hyundai Kona Electric
Hyundai Kona Electric
2019 Hyundai Ioniq Electric
Hyundai IONIQ Electric
The total cost of the recall (including the previous BMS recall) is estimated at 1 trillion won ($900 million), which would mean that LG Chem will pay $630 million, and the remaining $270 million will fall on Hyundai.
For comparison, LG Chem's LG Energy Solution operating profits in 2020 were estimated at 388 billion KRW ($350 million).
Time will tell whether the final ratio will really be 70%/30% and how it might influence the case of 68,677 Chevrolet Bolt EVs. So far, GM is not recalling batteries and we saw reports that the company seeks a software solution pointing out that the cells (also from LG Chem) are slightly different"
does anyone know who makes the battery for FCA? Is it LG?
This information summarizes what Kia and Hyundai are experiencing. This is why Hyundai group has been trying to switch to SK but becuase of legal obstacles SK is bared from the USA for ten years.
Pretty soon GM, others and maybe even Tesla are going to fall in with this.
LG stock is going to crumble, it will then be a great time to buy stock as it will go back up someday, just goes to show just how dangerous batteries are if you fuck it up.
https://insideevs.com/news/492167/reports-lg-chem-cost-hyundai-battery-recall/amp/
"The costly recall will eat a significant part of profits for both companies.
LG Chem's LG Energy Solution is expected to cover 70% of the costs related to the large global battery recall of roughly 82,000 Hyundai electric vehicles.
The news comes from Yonhap news agency and South Korean media (via Reuters) and is not a big surprise, as some analysts expected that LG Chem would have to pay the majority of the bill.
The recall includes mostly Hyundai Kona Electric (75,680), but Hyundai IONIQ Electric and Hyundai Elec City electric buses are also included.
2020 Hyundai Kona Electric
Hyundai Kona Electric
2019 Hyundai Ioniq Electric
Hyundai IONIQ Electric
The total cost of the recall (including the previous BMS recall) is estimated at 1 trillion won ($900 million), which would mean that LG Chem will pay $630 million, and the remaining $270 million will fall on Hyundai.
For comparison, LG Chem's LG Energy Solution operating profits in 2020 were estimated at 388 billion KRW ($350 million).
Time will tell whether the final ratio will really be 70%/30% and how it might influence the case of 68,677 Chevrolet Bolt EVs. So far, GM is not recalling batteries and we saw reports that the company seeks a software solution pointing out that the cells (also from LG Chem) are slightly different"
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