NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Stock

China says Tesla to fix software for 1.1 million vehicles with braking issue

by May 15, 2023
written by May 15, 2023

China’s market regulator said Tesla Inc. will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday.

The action is described as a product recall under Chinese regulations, the regulator said, but it was not immediately clear if drivers might need, or would be eligible, to return vehicles to Tesla for refunds.

From May 29, the U.S. automaker will issue over-the-air software updates to 1.1 million units of its Model S, Model X, Model 3 and Model Y cars, both imported and China-made, the State Administration for Market Regulation said in a statement.

The regulator said the vehicles concerned did not allow drivers to turn off regenerative braking or provide enough warnings when drivers stepped on the accelerator pedal hard, which, combined, could increase the risk of collision.

The update will restore the option of switching off regenerative braking and warn drivers when they step hard on the accelerator pedal, it added.

Tesla was not immediately available for comment.

Regenerative braking works to save energy from the process of slowing a car, feeding the surplus to batteries to increase its driving range. Tesla had disabled the option to switch off the technique on cars produced after 2020.

Some consumers in China welcomed the technology, also known as one-pedal driving, as it enabled them to bring a vehicle to a complete halt without use of the brake pedal.

However, others complained it could confuse drivers and increase the risks of misstepping on accelerators.

Chinese police have been investigating a crash involving a Model Y car in which a motorcyclist and a high school girl died and three people were injured when the driver lost control of the vehicle last November.

At the time, Tesla said videos showed the car’s brake lights were not on while it was speeding and data showed issues such as there being no action to step on the brakes throughout its journey.

Reporting by Reuters’ Beijing Newsroom; Editing by Jacqueline Wong

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Market Uncertainty Looms: US Debt Crisis Sparks Concern
next post
Ohio Republicans look to place restrictions on future ballot initiatives, constitutional amendments

You may also like

Budweiser parent is now offering money back to...

May 27, 2023

Elon Musk’s brain implant company Neuralink announces FDA...

May 26, 2023

Target pulls some Pride collection items after threats...

May 26, 2023

Their small businesses went viral on TikTok for...

May 25, 2023

‘Nobody imagined it would go on this long’:...

May 24, 2023

Troubled regional lender PacWest sells $2.6 billion loans...

May 24, 2023

Netflix password sharing crackdown rolls out in the...

May 24, 2023

Peloton aims to rebrand as a fitness company...

May 24, 2023

Target is recalling 5 million scented candles because...

May 22, 2023

Hyundai and Kia agree to $200 million settlement...

May 22, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    Yes Bank share price crossed key support level: Buy the dip?

  • 2

    Pro says buy Meta stock after it lowered price of its VR headsets

  • 3

    HSBC share price has nosedived: Is it safe to buy the dip?

  • 4

    S&P ASX 200 pops after the RBA decision: is it a buy?

  • 5

    KRE ETF stock: Is it safe to buy the dip in regional banks now?

Recent Posts

  • Gold and silver: The price of gold is still below $1,950

    May 29, 2023
  • Bitcoin and Ethereum: Bitcoin jumped to $28450 this morning

    May 29, 2023
  • EURUSD and GBPUSD: Euro under pressure below 1.07500

    May 29, 2023
  • Oil and natural gas: Oil rises to $73.50 level today

    May 29, 2023
  • How Does Energy Consumption in Cryptocurrency Work? 

    May 29, 2023

Categories

  • Economy (577)
  • Editor's Pick (530)
  • Investing (669)
  • Stock (116)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick