Group 1 - BYD Co. Ltd. has recalled over 88,981 units of its Qin PLUS DM-i Plug-In Hybrid Electric Vehicle (PHEV) in China due to battery issues [1][2] - The recall affects units manufactured between January 7, 2021, and September 30, 2023, as per China's State Administration of Market Regulation [2] - Defects in the battery pack may lead to a loss of power and could prevent the vehicle from operating in pure-electric mode, posing safety hazards [3] Group 2 - Despite the recall, BYD has experienced significant growth in the European market, with registrations increasing by over 206.8% in October, totaling over 17,470 units [4] - Year-to-date, BYD has recorded over 138,390 registrations in Europe [4] - The company plans to introduce its 'Kei' car in the European market, pending regulatory approval from the EU [4]
Tesla Rival BYD Recalls 88K Plug-In Hybrid Vehicles In China Over Battery-Related Safety Hazards - BYD (OTC:BYDDF), BYD (OTC:BYDDY)