NEWS COMMENTARY

Battery fires prompt expensive recall of 81,701 Hyundai electric vehicles

Published:
February 24, 2021
Last Updated:
February 24, 2021
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The initial root cause of the failure is disputed, with Hyundai claiming a defect in the cathode tab and LG Energy Solutions claiming it was a battery management system design error. This is a particularly impactful failure, as more than 80,000 vehicles now need their batteries replaced, which at an assumed cost of $150/kWh and average pack size of 60 kWh would result in a $720 million battery price tag for the recall. Clients should continue to expect safety concerns to grow for automakers, as failures can not only be a large financial liability but also run afoul of regulators placing increasing scrutiny on battery fires.

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