Tesla To Recall 30,000 Cars From China Over Suspension Defects
Sumaira FH 1 month ago Fri 23rd October 2020 | 10:23 PM
US electric car manufacturer Tesla will recall almost 30,000 vehicles imported into China due to suspension defects, China's market regulator said Friday
Beijing, (UrduPoint / Pakistan Point News - 23rd Oct, 2020 ) :US electric car manufacturer Tesla will recall almost 30,000 vehicles imported into China due to suspension defects, China's market regulator said Friday.
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.
The firm said Wednesday that profits in the past quarter had more than doubled and forecast that deliveries would hit 500,000 this year.