The agreement between GM and LG is a big help for the U.S. automaker, which will recognize an estimated recovery in the third quarter that will offset $1.9 billion of $2.0 billion in charges associated with the recalls.
In a statement, GM Vice President of Global Purchasing and Supply Chain Shilpan Amin said, LG is a valued and respected supplier to GM, and we are pleased to reach this agreement. Our engineering and manufacturing teams continue to collaborate to accelerate production of new battery modules and we expect to begin repairing customer vehicles this month.”
GM started shipping new modules to dealers to replace all defective battery modules in Chevrolet Bolt EVs and EUVs. The automaker is prioritizing vehicles based on “specific build timeframes” where it believes battery defects seem to be clustered. It has a notification process that informs affected customers when their replacement modules will be available.
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