$150M Chevy Bolt Settlement Over Battery Defect Preliminarily Approved by Court

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A $150 million Chevy Bolt settlement with General Motors and LG was granted preliminarily approval by the court on September 26, 2024, bringing consumers closer to receiving compensation over claims that more than 100,000 of the electric vehicles suffer from a lithium ion battery defect.

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After years of litigation, the class action settlement, which now awaits final court approval, will provide relief to consumers harmed economically by the alleged Chevy Bolt battery defect, which can reportedly cause a vehicle’s battery to spontaneously catch fire, even when the car is off, parked and not being charged.

According to United States District Judge Terrence G. Berg’s 22-page approval order, notice of the Chevy Bolt settlement will be mailed to eligible class members—i.e., owners and lessees of a 2017-2022 model year Bolt who have not received a buyback from GM or an authorized dealer—within 60 days of the deal’s preliminary approval.

Related Reading: More Class Action Lawsuits Claim Chevy Bolt Lithium Ion Batteries Can Suddenly Catch Fire

The document says that the official Chevy Bolt settlement website, yet to be launched, will contain details about the class action lawsuit and $150 million deal, including when drivers might receive a Chevy Bolt settlement payout. The website will also include a claim form consumers can use to file a claim for a Chevy Bolt settlement rebate online or by mail.

ClassAction.org will update this page when the class action settlement website goes live, so be sure to check back for new details on a potential Chevy Bolt settlement payout.

Court documents relay that the vehicles at issue are now eligible for “final recall remedies”— that is, certain software upgrades or the installation of an advanced replacement battery. In addition, class members may receive minimum cash payments between $700 and $1,400 if the settlement is ultimately approved.

The parties now await a hearing scheduled for March 25, 2025, during which Judge Berg will decide whether to grant final approval to the terms of the Chevy Bolt settlement.

Are you owed unclaimed settlement money? Check out our class action rebates page full of open class action settlements.