The recall will price Hyundai 1 trillion Korean received, or $900 million. On a per-vehicle foundation, the common price is $11,000 per automotive — an astronomically excessive quantity for a recall.
Replacing a whole battery is an excessive measure, requiring an identical quantity of work and expense as changing a whole engine of a standard inner combustion-powered automotive. Very few recollects of gasoline powered cars require a whole engine to get replaced. One of the few examples was a 2014 recall of 785 of the Porsche 911 GT3 sports activities cars. Porsche didn’t launch the price of that recall, but it surely is definitely extra expensive on a per-vehicle foundation than this Hyundai recall.
Still, a recall costing greater than $11,000 per automobile is extraordinarily uncommon. Precise figures aren’t accessible as a result of most automakers don’t disclose the price of their recollects.
“Overall, battery safety and durability will be increasingly important if auto companies want to avoid some of the large battery-recall costs that have befallen the consumer-electronics industry,” he mentioned.
The price of Hyundai’s recall is one other indication of simply how expensive EV batteries are relative to the the price of the total automotive. Until the price of the batteries come down, by means of larger manufacturing worldwide and economies of scale, the price of making electric autos will stay increased than comparable gasoline cars.
The fewer components on the EVs might additionally imply that recollects needs to be much less widespread than for conventional inner combustion-powered cars. But in the close to time period, there could possibly be vital prices if battery fireplace issues trigger battery replacements.
Hyundai mentioned an investigation of the fires confirmed the cars’ faulty LG-made battery cells might brief circuit.
The recall additionally covers the Ioniq EV, and Elec City autos in South Korea. The recall consists of 27,000 Korean autos and 55,000 elsewhere in the world.
GM is not changing the batteries in 68,000 Bolts being recalled globally. Of that whole, almost 51,000 are in the United States. While the automaker is not saying how its drawback might be addressed, it is more likely to be dealt with with a software program replace.
Hyundai mentioned it is nonetheless in talks with battery provider LG Energy Solutions, as to which firm might be chargeable for how a lot of the price. The Korean Transport ministry appeared in charge LG for the fireplace drawback in its assertion on the recall, attributing them to a misaligned battery cell.
But LG’s assertion, which mentioned it should cooperate with the Korean Transport Ministry’s ongoing investigation, denied it was the cause for the fires.
“The fire was not recreated in the lab test, and the issue was an early mass production problem in Hyundai Motors dedicated line,” mentioned LG’s assertion. It mentioned it “will further strengthen safety in all processes from product plan to manufacture and inspection.”
— CNN’s Gaewon Bae contributed to this story