Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

GM launches recall fix for 69,000 Bolt EVs

Published 04/29/2021, 10:07 AM
Updated 04/29/2021, 01:00 PM
© Reuters. FILE PHOTO: Logo of General Motors atop the company headquarters

By David Shepardson

WASHINGTON (Reuters) -General Motors Co said it would launch a recall and software update on Thursday to address a callback of nearly 69,000 Chevrolet Bolt electric vehicles for fire risks and will replace battery module assemblies as necessary.

The largest U.S. automaker announced the recall in November after five reported fires and two minor injuries covering 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korea facility.

GM said dealers will use "diagnostic tools to identify potential battery anomalies and replace battery module assemblies as necessary."

They will install "advanced onboard diagnostic software into these vehicles that, among other things, has the ability to detect potential issues related to changes in battery module performance before problems can develop" it added.

GM said in November the vehicles pose a fire risk when charged to full, or nearly full capacity. The Detroit automaker said it had developed software that will limit vehicle charging to 90% of full capacity to mitigate the risk, while it determines the appropriate final repair.

GM said Thursday that once the software update is complete, dealers will remove the 90% state of charge limitation and return the battery to its previous 100% charging capability.

Owners of 2019 model year Chevrolet Bolt EVs will be able to update the software starting on Thursday and 2017 and 2018 Bolt EVs owners will be eligible by the end of May. GM said it will make the diagnostic software standard in the 2022 Bolt EV and EUV, as well as future GM electric vehicles, and will offer the update for all other Bolt EVs on the road at a future date.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.