Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. LG Chem, Ltd.
  6. News
  7. Summary
    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LG Chem : GM launches recall fix for 69,000 Bolt EVs

04/29/2021 | 12:55pm EDT
FILE PHOTO: Logo of General Motors atop the company headquarters

WASHINGTON, April 29 (Reuters) - General Motors Co said it would launch a recall and software update on Thursday to address a callback of nearly 69,000 Chevrolet Bolt electric vehicles for fire risks and will replace battery module assemblies as necessary.

The largest U.S. automaker announced the recall in November after five reported fires and two minor injuries covering 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korea facility.

GM said dealers will use "diagnostic tools to identify potential battery anomalies and replace battery module assemblies as necessary."

They will install "advanced onboard diagnostic software into these vehicles that, among other things, has the ability to detect potential issues related to changes in battery module performance before problems can develop" it added.

GM said in November the vehicles pose a fire risk when charged to full, or nearly full capacity. The Detroit automaker said it had developed software that will limit vehicle charging to 90% of full capacity to mitigate the risk, while it determines the appropriate final repair.

GM said Thursday that once the software update is complete, dealers will remove the 90% state of charge limitation and return the battery to its previous 100% charging capability.

Owners of 2019 model year Chevrolet Bolt EVs will be able to update the software starting on Thursday and 2017 and 2018 Bolt EVs owners will be eligible by the end of May. GM said it will make the diagnostic software standard in the 2022 Bolt EV and EUV, as well as future GM electric vehicles, and will offer the update for all other Bolt EVs on the road at a future date. (Reporting by David Shepardson; Editing by Chizu Nomiyama and Dan Grebler)


© Reuters 2021
All news about LG CHEM, LTD.
05/07LG CHEM  : Nikola warns of supply constraints of batteries, chips and touch scre..
RE
05/06S.Korea stocks set for first weekly gain in three on recovery hopes
RE
05/06Volkswagen CEO says European battery plans could include JVs, IPOs
RE
05/05S.Korea stocks track Wall Street higher on optimism over upbeat corporate ear..
RE
05/04South Korean Stocks Break Five-Day Losing Streak on Heavyweights’ Gains
MT
05/03S.Korean stocks fall for 5th day on worries over partial lifting of short-sel..
RE
04/30LG CHEM  : and KIST Begin Joint Development of Carbon Neutral Breakthrough Techn..
PU
04/30S.Korea stocks end lower on China worries; gain 2.8% for month
RE
04/29S.Korea stocks slip as losses in tech shares, carmakers weigh
RE
04/29LG CHEM  : GM launches recall fix for 69,000 Bolt EVs
RE
More news
Financials
Sales 2021 41 360 B 37,1 B 37,1 B
Net income 2021 3 213 B 2,88 B 2,88 B
Net Debt 2021 6 447 B 5,78 B 5,78 B
P/E ratio 2021 21,6x
Yield 2021 1,17%
Capitalization 67 785 B 60 924 M 60 803 M
EV / Sales 2021 1,79x
EV / Sales 2022 1,56x
Nbr of Employees -
Free-Float 58,6%
Chart LG CHEM, LTD.
Duration : Period :
LG Chem, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 1 269 038,46 KRW
Last Close Price 919 000,00 KRW
Spread / Highest target 63,2%
Spread / Average Target 38,1%
Spread / Lowest Target 3,37%
EPS Revisions
Managers and Directors
NameTitle
Hak Cheol Shin Vice Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Jin-Soo Park Vice Chairman
Ki-Soo No CTO & President-Executive Board
Sector and Competitors
1st jan.Capitalization (M$)
LG CHEM, LTD.11.53%60 924
DOW INC.24.40%51 572
FORMOSA PLASTICS CORPORATION8.92%24 038
FORMOSA CHEMICALS & FIBRE CORPORATION7.08%19 079
COVESTRO AG14.94%13 621
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.-2.22%9 988