[동영상] LG Chem collapses 800,000 won in 5 months… GM fears additional Chevrolet Bolt electric vehicle recall, LG Chem’s cost burden

LG Chem’s stock price collapsed by 800,000 won in five months. As the American automaker General Motors (GM) recalled an additional 73,000 Chevrolet Bolt electric vehicles (EVs), sparks fell for LG Chem as well.

Shares of LG Chem closed at 798,000 won, down 11.14% (100,000 won) on the 23rd. LG Chem has maintained over 800,000 won since March 26. Trading volume soared 4.3 times from the previous day.

The industry estimates that GM’s recall will cost a total of $1.8 billion to replace battery modules. There is also talk that GM will charge LG for the cost of the recall.

By investment entity, individuals bought 333,000 shares and institutions bought 14,000 shares, respectively. Foreigners sold 352,000 shares. In LG Chem, minority shareholders account for 57%.

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Daesung Kim, Director, Global Economic Research Institute kimds@g-enews.com