Tesla Recalls 1.1 Million Electric Cars From China Over Braking Defect

Listen to This Article

By Charlie Zhu and Chunying Zhang

Tesla Inc. will need to fix almost every car it’s ever sold in China due to an issue with the vehicles’ acceleration systems.

 

Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be sent an over-the-air software fix to rectify the issue, according to a statement from the State Administration for Market Regulation on Friday.

The problem occurs when a driver takes their foot off the accelerator in order to slow down. When that happens, what typically occurs is the additional power starts getting transfered to the car’s battery to charge it up. This makes the rate of deceleration somewhat uncertain, and could increase the risk of collision and pose a safety hazard, China’s regulator said.



Because of this defect, drivers may mistakenly step on the accelerator pedal, thinking it’s the brake.

Tesla representatives didn’t immediately respond to a request for comment.



According to data from the China Automotive Technology and Research Center and Bloomberg Intelligence, Tesla sold around 1,129,055 cars in China from 2014 through March.

Tesla will also be required to send an electronic notification to drivers when they depress the accelerator for too long a period, according to Friday’s notice.

--With assistance from Linda Lew.

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more