BYDDF News & Events

BYD will be pushing out a software update to 88,981 Qin Plus DM-i sedans in China produced between January 2021 and September 2023, Bloomberg reports. This comes after China's national regulator said manufacturing defects in battery packs were found to pose a safety risk.

Chinese EV maker BYD plans to immediately recall 88,981 plug-in hybrids due to power battery-related safety hazards, Reuters reports, citing a market regulator. The affected Qin PLUS DM-i models produced between January 2021 and September 2023 "may have limited power output due to problems with the consistency of power battery packs during the production process."

The Pentagon concluded that Alibaba (BABA), Baidu (BIDU) and BYD (BYDDF) should be added to a list of companies that aid the Chinese military, according to a letter to Congress sent roughly three weeks before Donald Trump and Xi Jinping agreed to a broad trade truce, Bloomberg's Anthony Capaccio reports. Deputy Defense Secretary Stephen Feinberg informed lawmakers of the conclusion in the Oct. 7 letter, a copy of which was seen by Bloomberg News, to the heads of the House and Senate Armed Services Committees. It wasn't clear whether the companies have been formally included in the Pentagon's so-called 1260H list, which carries no direct legal repercussions but serves as a major warning to U.S. investors, the author adds.