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Stock impact report

Hyundai recalls more than 145,000 Ioniq and Genesis EVs that can lose power while driving [Verge, The]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Verge, The
Popular models like the Ioniq 5 could lose propulsion while driving and increase the risk of a crash. Share this story Hyundai is recalling over 145,000 Ioniq and Genesis vehicles due to a 12-volt battery charging issue that could cause the EVs to lose drive power and increase the risk of a crash. NHTSA says the cause is the vehicles' Integrated Charging Control Unit (ICCU), which is likely to get damaged due to an internal electrical fault. Upon failure of the ICCU, a series of driver warnings appear, and the vehicle activates a “fail-safe” driving mode that slowly reduces drive power over the course of 20 to 40 minutes. Hyundai will instruct owners to take affected vehicles to dealerships to replace the ICCU and its associated fuse and install new software to prevent overvoltage that could damage the part again. Hyundai told NHTSA that as of November 2nd, “the improved ICCU software was implemented as a production running change” for the vehicles. Affected models includ Show less Read more
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