Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

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Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Bottom-Up

<h2><strong>First, the details of the recall newly announced by GM are as follows.</strong></h2><div class="content-highlight"><ul>
<li>GM announced additional recalls for 2019-2022 Chevrolet Bolt models sold in the U.S. and Canada. GM plans to obtain compensation for the recall costs from LG Chem and LG Electronics.</li>
<li>The recall cost is US$1B (about ₩1.18T), and it covers 73,000 Chevrolet Bolts.</li>
<li>GM is already in the process of recalling 69,000 Bolt electric vehicles worldwide. Two car fires that occurred in a Bolt electric vehicle equipped with a battery of LG Chem (LG Energy Solution) were the reason for the recall decision.</li>
<li>Including the additional recall announced this time, the total number of recalls will increase to 142,000 units. Therefore, the total cost of the recall would be US$1.8T: the US$1B of this recall + the US$0.8B recall costs already in process. This is about ₩2.13T.</li>
<li>Specific provisioning and sharing ratios are determined according to the results of a cause investigation jointly conducted by GM, LG Electronics, and LG Chem (LG Energy Solution).</li>
</ul></div>

First, the details of the recall newly announced by GM are as follows.
GM announced additional recalls for 2019-2022 Chevrolet Bolt models sold in the U.S. and Canada. GM plans to obtain compensation for the recall costs from LG Chem and LG Electronics.
The recall cost is US$1B (about ₩1.18T), and it covers 73,000 Chevrolet Bolts.
GM is already in the process of recalling 69,000 Bolt electric vehicles worldwide. Two car fires that occurred in a Bolt electric vehicle equipped with a battery of LG Chem (LG Energy Solution) were the reason for the recall decision.
Including the additional recall announced this time, the total number of recalls will increase to 142,000 units. Therefore, the total cost of the recall would be US$1.8T: the US$1B of this recall + the US$0.8B recall costs already in process. This is about ₩2.13T.
Specific provisioning and sharing ratios are determined according to the results of a cause investigation jointly conducted by GM, LG Electronics, and LG Chem (LG Energy Solution).


Dip-Buy LG Chem on GM Recall: To What Extent Will It Be Reflected in LG ES 2Q Operating Profit?

LG Chem Ltd

Dip-Buy LG Chem on GM Recall: To What Extent Will It Be Reflected in LG ES 2Q Operating Profit?