Hyundai Motor-LG Energy Solution Reach Agreement on Kona EV Recall Costs
[Asia Economy Reporter Changhwan Lee] Hyundai Motor Company and LG Energy Solution have recently reached a broad agreement on the recall costs for the Kona recall that was recently decided.
Hyundai Motor announced that it will recall a total of 81,701 units worldwide, including the Kona EV, Ioniq EV, and Elec City buses produced from November 2017 to March 2020.
Hot Picks Today
Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- Japanese Courts Reduce Paperwork, Ushering in Full-Fledged Era of Electronic Civil Litigation
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The two companies have been negotiating the distribution of recall costs, estimated at around 1 trillion KRW, and it is reported that they have recently reached an agreement.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
