BYD Recalls Nearly 97K EVs Over Concerns Of Overheating Part, Potential Fire
Portfolio Pulse from Anan Ashraf
BYD is recalling nearly 97,000 EVs due to overheating risks in the CEPS system, potentially causing fires. The recall affects Dolphin and Yuan PLUS models produced between November 2022 and December 2023. BYD will fix the issue at no cost to customers.
September 30, 2024 | 6:17 am
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NEGATIVE IMPACT
BYD is recalling 96,714 EVs due to overheating risks in the CEPS system, potentially causing fires. This recall could impact BYD's reputation and sales, especially as it competes with Tesla in the EV market.
The recall of nearly 97,000 vehicles due to a potential fire risk is significant for BYD, as it may affect consumer confidence and sales. The recall comes at a time when BYD is competing closely with Tesla in the EV market, which could exacerbate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
BYD is recalling 96,714 EVs due to overheating risks in the CEPS system, potentially causing fires. This recall could impact BYD's reputation and sales, especially as it competes with Tesla in the EV market.
The recall of nearly 97,000 vehicles due to a potential fire risk is significant for BYD, as it may affect consumer confidence and sales. The recall comes at a time when BYD is competing closely with Tesla in the EV market, which could exacerbate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90