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.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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