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General Motors: GM, LG agree on USD 150 mn relief for Chevy Bolt EV owners over faulty batteries, ET Auto

General Motors first launched Chevrolet Bolt EVs in 2015, and used batteries made by LG entities as part of a business arrangement with the car manufacturer. GM started recalls in 2020 after it faced numerous complaints about fires in some vehicles.

GM, LG agree on US$150-million relief for Chevy Bolt EV owners over faulty batteries

Owners of the recalled Bolt EVs who installed the final software remedy at a GM-authorized dealership before Dec. 31, 2023 may receive up to $1,400, according to documents filed in a U.S. court

GM and LG Settle to Establish $150 mn Fund for Chevrolet Bolt EV Owners

GM and LG Energy Solution will create a $150 million fund aimed at compensating Chevrolet Bolt EV owners affected by defective batteries.

General Motors, LG Establish $150M Settlement Fund For Bolt EV Battery Issues: Report

Panasonic's battery unit misses annual profit estimate