BYD recalls over 115,000 Tang and Yuan Pro vehicles in major vehicle safety update
BYD, a prominent Chinese electric vehicle manufacturer, has initiated a significant recall of several vehicle models due to safety concerns. This decision follows regulatory requirements set forth by the State Administration for Market Regulation.
Details of the BYD Vehicle Recalls
The recall encompasses two major models: the Tang and the Yuan Pro.
Tang Series Recall
- Units Affected: 44,535 units of the Tang series vehicles.
- Production Dates: These vehicles were manufactured between March 28, 2015, and July 28, 2017.
- Issue: A critical component design failure may lead to malfunctioning of the active discharge function in the drive motor controller.
- Potential Risk: Circuit board damage and failure of the vehicle’s pure electric drive mode could pose safety hazards.
- Remedy: Dealers will provide software updates at no cost, altering the discharge method to mitigate risks.
Yuan Pro Recall
- Units Affected: 71,248 units of the Yuan Pro vehicles.
- Production Dates: These vehicles were produced between February 6, 2021, and August 5, 2022.
- Issue: Manufacturing defects may have led to improper sealing of the power battery gasket.
- Potential Risk: Ingress of water during high-speed travel may impair battery insulation and reduce power output, posing safety risks.
- Remedy: Free application of a specialized sealant will be performed by dealers to enhance waterproof functionality.
Impact on BYD’s Market Position
As a result of the recall announcement, BYD’s stock is currently trading at HKD 106.1, reflecting a decrease of 1.39%. The trading volume reached 5.0766 million shares, amounting to HKD 543 million.
These recalls illustrate the challenges car manufacturers face in maintaining standards for safety and quality, particularly in electric vehicles. BYD is taking proactive measures to rectify these issues, ensuring customer safety while striving to uphold its reputation in the automotive industry.
