Hyperdrive
GM’s Chevy Bolt Battery Fires Open $1 Billion Rift With LG
- Carmaker broadens scope of Chevrolet Bolt safety actions
- Battery supplier LG won’t commit yet to paying for fire fix
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In June 2017, months after General Motors Co. beat Tesla Inc. to market with an affordable, long-range electric vehicle, it took out full-page newspaper ads touting how long its Chevrolet Bolt could travel between charges. The tagline: “Begin a long-distance relationship, now.”
Four years later, the long-distance relationship between GM and its battery partner, LG Energy Solution, is being tested like never before. At issue: who will pick up a roughly $1 billion tab.