Chinese EV maker BYD (BYDDF) plans to immediately recall 88,981 plug-in hybrids due to power battery-related safety hazards, Reuters reports, citing a market regulator. The affected Qin PLUS DM-i models produced between January 2021 and September 2023 “may have limited power output due to problems with the consistency of power battery packs during the production process.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYDDF:
- Tesla Sales Plunge as Rivals Gain Ground — Can the EV Leader Turn Things Around?
- BABA, BIDU, BYD: Chinese Tech Stocks Under Pentagon Review — What Should Investors Know?
- Alibaba cited in Pentagon’s letter on China military aid, Bloomberg reports
- BYD Stock Dominates Uruguay’s Surging EV Market as Costly Gasoline Pushes Drivers to Switch
- BYD price target lowered to $22 from $85 at Barclays