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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 Energy Solution and LG Electronics have agreed to a
settlement with plaintiffs to resolve class action litigation
related to the Bolt EV battery recall," GM said in an emailed
statement to Reuters.
"As a result, Bolt owners who received a battery replacement or
who have installed the latest advanced diagnostic software may
qualify for compensation," the company said.
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 with Michigan
eastern district court.
Owners who sold or terminated the lease of their vehicle before
the software remedy became available and those who already
received a battery replacement will receive a minimum $700
payment, according to the filing.
Last year, GM ended production of the Bolt EV to make room for
new electric vehicles.
In 2021, the company had announced a billion dollar recall
campaign to cover thousands of Bolts over battery fire risks.
The recall prompted GM to halt Bolt production and sales for
more than six months at that time.
(Reporting by Gnaneshwar Rajan and Surbhi Misra in Bengaluru;
Editing by Kim Coghill)
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