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Hyundai to replace LG batteries in Korea [CONFIRMED] - Electrek
Hyundai to announce a recall of all Kona, Ionic and Electic to replace the batteries due to fire concern after repeated fires across their lineup.
"According to media sources in Korea, Hyundai is about to enter into an agreement with their Domestic Ministry of Land, Infrastructure, and Transport to replace all of the batteries in its entire electric vehicle fleet.
UPDATE 2021-02-18: Aju.News, Business Korea, and InfostockDaily are now all reporting that the recall is going forward and will be announced on February 19th. The reports include all 3 Hyundai electric vehicle lines sold in Korea – the Kona, IONIQ, and their Elec City Bus.
Still up for discussion is how much LG will pay (suspected at least 50%). It’s rumored that Hyundai is looking at possibly utilizing SK for the replacement batteries. If so, this would be a devastating blow as they would not only lose billions, but also market share. However, this could just be a bargaining chip from Hyundai.
There are more than 21,000 IONIQs, 236 busses, and 32,854 Kona EVs sold which would be covered by this replacement recall.
There is no word yet if this will extend to another manufacturers or other countries, although it’s hard to see how it wouldn’t."
Hyundai May Replace Kona & Ioniq Electric Batteries In Korea | News Break
This hasn't been officially confirmed, and there are few details available, but a recall may be announced this week. According to a recent report published by Aju.News, Hyundai – along with the Ministry of Land, Infrastructure and Transport in Korea – has decided to recall three electric vehicle...
"This hasn't been officially confirmed, and there are few details available, but a recall may be announced this week. According to a recent report published by Aju.News, Hyundai – along with the Ministry of Land, Infrastructure and Transport in Korea – has decided to recall three electric vehicle battery systems made by LG. Models include the Kona Electric, Ioniq Electric, and electric buses. The Ioniq PHEV may be included as well."