BFF-29 Tesla to recall 30,000 cars from China over suspension defects

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Tesla to recall 30,000 cars from China over suspension defects

BEIJING, Oct 23, 2020 (BSS/AFP) – US electric car manufacturer
Tesla will recall almost 30,000 vehicles imported into China due to
suspension defects, China’s market regulator said Friday.

The recall applies to all Model S and Model X cars imported into
China from September 2013 to January 2018.

Defects in the suspension found in both models could “increase the
risk of accidents,” the State Administration for Market Regulation
said in a statement.

In New York, shares in the fast-growing electric carmaker fell
sharply on the Nasdaq following the announcement.

China is the world’s biggest auto market and the main growth driver
for many car manufacturers — especially for Tesla, which intends to
benefit from the country’s ambitious targets for reducing CO2
emissions.

Tesla’s Shanghai factory — its first outside the United States —
produces its mid-price, mass-market offering Model 3, which it plans
to begin exporting to Europe this month.

The firm said Wednesday that profits in the past quarter had more
than doubled and forecast that deliveries would hit 500,000 this year.

BSS/AFP/MRU/2256hrs