GM  recall of all Chevy Bolts due to battery fire risk likely to cost $1 billion

No hope of ever breaking even on that model now, if there was any to start with. Another edition of the recurring lithium-ion safety issue in the world of EVs: battery ’emissions’. 
– – –
DETROIT (AP) — General Motors is recalling all Chevrolet Bolt electric vehicles sold worldwide to fix a battery problem that could cause fires.

The recall raises questions about lithium ion batteries, which now are used in nearly all electric vehicles.

President Joe Biden wants to convert 50% of the U.S. vehicle fleet from internal combustion to electricity by 2050 as part of a broader effort to fight climate change.

The recall announced Friday adds about 73,000 Bolts from the 2019 through 2022 model years to a previous recall of 69,000 older Bolts.

GM said that in rare cases the batteries have two manufacturing defects that can cause fires.

The Detroit-based automaker said it will replace the battery modules in all the vehicles.

The move will cost the company about $1 billion.

GM said owners should limit charging to 90% of battery capacity. The Bolts, including a new SUV, should be parked outdoors until the modes are replaced.

Continued here.