Hyundai to recall Kona EV in S.Korea over fire risk

Hyundai will recall thousands of its Kona electric vehicles in South Korea over possible defective batteries after at least 13 fires were registered in multiple countries.
It's a setback for Hyundai's entry into the electric vehicle market.
The South Korean Department of Transportation announced that the recall is due to begin October 16 and will include just over 25,500 Kona electric vehicles built between September 2017 and March this year.
According to the South Korean authorities, 13 fires have been reported, including one each in Canada and Austria.
Kona electric vehicles use batteries from South Korean company LG Chem.
They denied that the fires could be traced back to defective battery cells, as they said a reenactment experiment did not result in a fire.
However, LG Chem said it would participate in future investigations with Hyundai to find out the cause.
Hyundai stock fell 1.4% in early trading, with investors concerned about the high cost of a recall.
In July, Hyundai announced that it and sister company Kia intended to sell 1 million battery-powered electric vehicles by 2025 - accounting for 10% of the global market share for such vehicles.
Video transcript
- Hyundai will recall thousands of its Kona electric vehicles in South Korea over possible bad batteries after registering at least 13 fires in multiple countries. It's a setback for Hyundai's entry into the electric vehicle market. The South Korean Department of Transportation announced that the recall is due to begin October 16 and will include just over 25,500 Kona electric vehicles built between September 2017 and March this year.
According to the South Korean authorities, 13 fires have been reported, including one each in Canada and Austria. Kona electric vehicles use batteries from South Korean company LG Chem. They denied the fires could be traced back to defective battery cells, saying a reenactment experiment did not result in a fire. However, LG Chem said it would participate in future investigations with Hyundai to find out the cause.
Hyundai stock fell 1.4% in early trading, with investors concerned about the high cost of a recall. In July, Hyundai said its sister company Kia has set a goal of selling 1 million battery-powered electric vehicles by 2025 and accounting for 10% of the global market share for such vehicles.

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