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Automobiles

LG Chem agrees to cover most of Hyundai's $900m EV recall

Deal with battery supplier reached quickly as automaker protects brand image

The recall linked to LG Chem battery cells includes Ioniq electric sport utility vehicles.   © Reuters

SEOUL -- South Korea's LG Chem has agreed to shoulder 70% of the cost of a nearly $900 million recall of Hyundai Motor electric vehicles at risk of battery fires.

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