The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo//File Photo
SEOUL, Aug 23 (Reuters) – LG Chem Ltd (051910.KS) shares slid nearly 10% on Monday after General Motors Co (GM.N) said it would recall an extra 73,000 Chevrolet Bolt cars that use the South Korean firm’s batteries, months after a similar recall by Hyundai Motor Co (005380.KS).
GM on Friday expanded its recall of Bolt electric vehicles (EVs) due to fire risk from what it called battery manufacturing defects, saying the recall would cost $1 billion and that it would seek reimbursement from LG. read more
The U.S. automaker said the recall covers vehicles beginning model year 2019 and that it would indefinitely…
