INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Tesla to recall 1.6m EVs in China

China is a large consumer market for Tesla and the host of a major manufacturing plant in Shanghai. (AFP)
  • Problems related to assisted driving functions and door-locking systems are said to be the reason for the recall of cars
  • The recall also includes 7,538 imported Tesla models made between October 26, 2022 and November 16, 2023

Beijing, China – Tesla is recalling more than 1.6 million electric vehicles in China, the country’s market regulator said Friday, owing to software issues that could pose safety risks while driving.

The recall — sparked by the discovery of problems with assisted driving functions and door-locking systems — will be conducted through remote ‘over-the-air’ (OTA) updates to the cars’ software.

China is a vital component in US-based Tesla’s global layout, both as a large consumer market and the host of a major manufacturing plant in Shanghai.

“Starting from now, a total of 1,610,105 imported Model S, Model X, and Model 3, and domestic Model 3 and Model Y electric vehicles with production dates between August 26, 2014 and December 20, 2023 will be recalled,” the State Administration for Market Regulation (SAMR) said in an online statement.

“For vehicles within the scope of this recall, when the automatic assisted steering function is turned on, the driver may misuse the level two combined assisted driving function, increasing the risk of vehicle collision and posing a safety hazard,” said the SAMR.

The recall also includes 7,538 imported Tesla models made between October 26, 2022 and November 16, 2023, which were found to have “a problem with the door unlock logic controls”.