Hyundai’s EV Recall Is One Of The Most Expensive Ever
The tech giant released a statement on the issue, saying, “The fire was not recreated in the lab test, and the issue was an early mass production problem in Hyundai Motor’s dedicated line.” Whoever is at fault, the recall is costing Hyundai a whopping $11,000 per vehicle, which works out to a ludicrous $900 million. So who is paying, LG or Hyundai? Hyundai says it is still in talks with LG over who will foot the bill, and the results of the Transport Ministry’s investigation will probably be the decider here, but we expect that both parties will end up contributing to fixing this very expensive problem.
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