16.3 C
California
Tuesday, October 20, 2020

Hyundai To Expand Kona EV Recall To North America, Europe Over Battery Fire Risk -Yonhap

SEOUL: Hyundai Motor Co is set to triple the number of recalled Kona electric cars over battery cell fire risks with plans to recall around 51,000 vehicles in North America, Europe, China and other markets, Yonhap news agency reported on Sunday.

The recalls would come after the South Korean automaker announced last week a voluntary recall plan for 25,564 Kona EVs at home starting Oct. 16.

Hyundai said in a statement on Monday it “is in the final stages of filing a voluntary recall notice with the NHTSA (National Highway Traffic Safety Administration) for U.S. Kona EVs and will start the process of informing owners of these vehicles.”

Hyundai will recall 37,366 vehicles and 11,137 vehicles in Europe and North America, respectively, according to Yonhap.

The Hyundai statement did not mention the other markets, the total number of additional electric vehicles (EVs) it intends to recall or the dates of the recalls.

South Korea’s transport ministry said last week Hyundai will voluntarily recall its Kona EVs as a possible short circuit due to what may be faulty manufacturing of its high-voltage battery cells could pose a fire risk.

LG Chem Ltd, which supplies batteries for Kona EVs, said last week faulty battery cells were not the cause of fires in Kona EVs, and the exact cause had not been determined.

It said a re-enactment experiment conducted jointly with Hyundai had not led to a fire, so the fires could not be attributed to faulty battery cells. LG Chem declined on Monday to comment beyond what it said last week.

Recalled Kona EVs in South Korea will undergo software updates for all affected models and battery replacements of select models after inspections.

KB Investment& Securities said in a report on Monday it could cost Hyundai as much as 600 billion won ($522.10 million) if they offer battery replacements for the nearly 77,000 affected vehicles identified worldwide so far.

Shares of Hyundai Motor and LG Chem fell 0.8% and 2.0%, respectively, on Monday while the broader KOSPI market was up 0.3% as of 0430 GMT.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Speak Your Mind

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get in Touch

211FansLike
34FollowersFollow
41FollowersFollow

Recommend for You

AP Explains: The Promise Of 5G Wireless – Speed, Hype, Risk

FILE - In this Sept. 17, 2020 file photo, visitors wearing mask to protect from the coronavirus walk past a 5G sign at the...

Trump Promotes Baseless, QAnon-Endorsed Conspiracy Theory Alleging Obama Staged Bin Laden’s Killing

Topline President Trump promoted a baseless conspiracy theory on Tuesday alleging the Obama administration covered up a plot to stage Osama Bin Laden’s death,...

‘This is insanity’: Doctors slam Trump’s drive to greet supporters outside Walter Reed hospital

US President Trump waves from the back of a car outside of Walter Reed Medical Center in Bethesda, Maryland on Ocotber 4, 2020.Alex Edelman...

‘Out of control’: European leaders scramble to control the second wave, with a state of emergency and lockdowns

A nurse gets ready to enter a room to take care of a patient infected with Covid-19 at the intensive care unit of the...

After Singapore greenlights cruises to nowhere, Genting’s Dream Cruises says inquiries are ‘coming nonstop’

SINGAPORE — First there were flights to nowhere, now there are cruises to nowhere. This week, Singapore announced a pilot program where cruises will make round...

Related Articles

Temporary Unemployment Spike Brings Silver Lining To Terrible Jobs...

The unprecedented hike in U.S. unemployment for April has...

Cruise Will Soon Hit San Francisco With No Hands...

Last week, Waymo, the self-driving vehicle developer owned by Alphabet, expanded a first-of-its-kind...

Syria says U.S. oil firm signed deal with Kurdish-led...

BEIRUT Syria’s foreign ministry said on Sunday that an American oil company had...