Just as Hyundai pulled back the curtains on its ambitious new electric vehicle initiative last week, it got a stinging reminder of the perils ahead in electrification. The South Korean automaker said it will have to recall 82,000 EVs because of a potential for battery fires — a recall that will cost $900 million.
News of the recall came one day after Hyundai's global reveal of its new Ioniq 5 EV, a potentially high-volume model that will kick off the company's all-electric Ioniq subbrand this year.
The recall does not pertain to the Ioniq 5 but focuses largely on Kona EVs built between 2018 and 2020 that were sold mostly in Hyundai's Korean home market. It will be necessary to replace the battery systems.