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Tesla Recalls 3 Mln Cars In China Over Hidden Door Handles; Shares Drop
rttnews·6 hours ago
- Tesla is recalling approximately 3 million vehicles in China, contributing to a broader mass recall of 4.3 million cars by multiple automakers due to safety hazards associated with hidden door handles. - The recall addresses concerns that potential low-voltage system failures in emergencies could trap occupants and hinder rescue efforts. - Affected carmakers plan to install warning labels and release software updates to automatically lower windows after crashes, as China prepares to ban hidden door handles effective January 1, 2027.
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Tesla (TSLA) Triggers Largest Ever Auto Recall Over Door Handles as China EV Stocks Tumble
Tip Ranks·9 hours ago
- Tesla is recalling approximately 2.98 million vehicles in China starting September 25, 2026, due to electronic door handle safety issues and driver-monitoring system deficiencies. - The company plans to address these safety concerns using warning labels and over-the-air software updates that automatically lower car windows and add in-cabin camera monitoring. - This record recall has also impacted the broader market, causing shares of major Chinese EV makers to slide while Tesla shares experienced premarket fluctuations.
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TSLA Competitor? Xiaomi Joins NIO in Race to Build In-House Chips for Self-Driving Cars
benzinga_article·9 hours ago
- Chinese tech giant Xiaomi has unveiled its in-house Xring D100 self-driving chip built on a 3-nm process, scheduled for commercial deployment in 2027. - The new chip features a 20-core CPU and a 16-core NPU, enabling it to run local Large Language Models with 200 billion parameters. - This development aligns with broader industry trends where competitors like NIO, XPeng, and Tesla are advancing their own autonomous driving and semiconductor initiatives.
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TSM Stock: Xiaomi's New Xring Chip Could Give TSMC Another Boost
Tip Ranks·10 hours ago
- Xiaomi unveiled its new Xring O3 smartphone processor and planned chips, aiming to reduce reliance on external suppliers. - TSMC will manufacture the 3-nanometer chip, adding another high-end customer and supporting its long-term advanced chip-making business. - This partnership reflects a broader trend of tech firms building custom chips while continuing to rely on TSMC for production.
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Xiaomi unveils 3-nm Xring D100 smart-driving chip, plans commercial use in 2027
CnEVPost·12 hours ago
- Xiaomi unveiled the Xring D100, China's first high-computing-power smart-driving AI chip built on a 3-nm process, with commercial use scheduled for 2027. - The chip features a 20-core CPU, a 16-core NPU, and supports up to 160 GB of unified memory to run large models locally. - This development extends Xiaomi's semiconductor push into automotive computing to reduce costs and improve AI system efficiency amid competition from peers like Nio and Li Auto.
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Hang Seng Drops Nearly 2% as Alibaba's HK$80bn Placement Hammers Tech Stocks; Oil, Gold Buck the Trend
Market Pulse·13 hours ago
- Hong Kong stocks declined significantly on August 24, with the Hang Seng Index falling 1.96% to 25498.35 points and the Hang Seng Tech Index dropping 3.67% to 4591.12 points. - Alibaba plummeted over 9% after raising approximately 79.7 billion HKD through a massive share placement for AI infrastructure, dragging down internet and semiconductor stocks. - Meanwhile, oil stocks, surging gold prices driven by safe-haven demand, and select new consumption shares bucked the broader market downward trend.
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Hong Kong Midday: Hang Seng Tumbles Over 2%; Alibaba Slumps Nearly 10% on Share Placement; Sinopec Bucks Trend, Up Over 4%
Market Pulse·15 hours ago
- At the midday close on August 24, Hong Kong stock indices declined collectively, with the Hang Seng Index down 2.09% to 25465.23 points and a total turnover of approximately 1679 billion HKD. - Alibaba's record 80 billion HKD share placement triggered a broad tech sector sell-off, causing its stock to plummet nearly 10% and fall below the placement price. - Conversely, Sinopec rose over 4% following a 12% increase in mid-term net profit, while Livzon Pharmaceutical dropped over 14% after reporting declining mid-term earnings.
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HK Midday: Hang Seng Tumbles 2% as Alibaba's Record HK$80 Bln Placement Hammers Techs; Gold, Oil Stocks Shine
Market Pulse·17 hours ago
- On August 24, Hong Kong stocks declined significantly, with the Hang Seng Index falling 2.00% to 25488.47 points. - Alibaba's record 80 billion HKD share placement triggered a sharp drop in tech stocks, while Michael Burry's clearance of his stake added to market concerns. - Meanwhile, petroleum and gold stocks strengthened counter-trend due to strong corporate earnings and surging gold prices exceeding 4700 USD per ounce.
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Weekly Recap | XIAOMI-W +12.13%, closing in on record highs
Weekly Review·2 days ago, 01:50 AM
- Xiaomi Group - W shares rose 12.13 % this week to close at 29.02 HKD, driven by strong mid-term financial results and the SU7 reaching 500,000 cumulative deliveries. - Despite profit pressures in traditional segments and ongoing losses in its EV and AI business, 35 institutions maintain a consensus "Buy" rating with a target price of 36.54 HKD. - Market focus shifts to potential impacts from a recent vehicle safety recall and intensifying competition with Huawei's Zhijie RX.
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Tesla recalls 3 million cars as part of China-wide push to stop hidden door handles
TechCrunch·Aug 21 at 08:51 AM
- Tesla and 10 other automakers are recalling nearly 3 million vehicles in China to address safety risks associated with hidden electronic door latches and emergency releases. - The recall involves installing warning labels and pushing software updates to help occupants identify manual door release mechanisms during crashes or fires. - This regulatory push follows a two-year review by China, which announced a ban on hidden electronic door handles starting in 2027 amid growing global safety scrutiny.
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BREAKING: China's biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk
CnEVPost·Aug 21 at 05:59 AM
- Chinese regulators announced the largest single vehicle recall in history, covering over 7 million cars from major automakers including Tesla and Xiaomi. - The recalls primarily address hard-to-identify interior emergency mechanical door releases that pose escape and rescue risks after severe crashes, alongside driver attention monitoring issues for Tesla. - Automakers plan to implement remedies such as adding warning labels, replacing covers, and deploying over-the-air software updates amid tightened safety regulations.
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HK Stocks: Hang Seng Rallies 1.21% to Reclaim 26,000; Gold Miners Soar, Zhipu and MiniMax Jump Over 10%
Market Pulse·Aug 21 at 03:20 AM
- On August 21, Hong Kong stock indices closed higher collectively, with the Hang Seng Index rising 1.21% to 26009.46 points and a total turnover of 2573 billion HKD. - Gold and non-ferrous metal stocks surged across the board driven by rising international gold prices, while AI concept stocks rallied ahead of the Hang Seng index review. - Insurance and software service stocks strengthened on positive financial results, whereas biomedical and new consumer stocks experienced pullbacks.
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HK Stocks Midday: Hang Seng Jumps Over 230 Pts; Gold Miners Surge, Insurers Rally
Market Pulse·Aug 21 at 01:20 AM
- On August 21, Hong Kong stocks maintained an upward trend in the afternoon, with the Hang Seng Index rising 0.91% to 25,932.30 points. - Gold and resource stocks surged collectively driven by rising gold prices, while domestic insurance and financial stocks also strengthened. - The total market turnover reached approximately 1794 billion HKD, with technology and property stocks showing mixed performances.
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HK Midday: Hang Seng Opens Higher, Holds 0.5% Gain; Insurers, Oil Stocks Rally; Pop Mart Slumps Nearly 4% Post-Earnings
Market Pulse·Aug 20 at 09:19 PM
- On August 21, Hong Kong stock indices opened slightly higher and fluctuated within a narrow range, with the Hang Seng Index rising 0.50% to 25826.89 points. - Sector performance showed divergence, as domestic insurance and oil stocks strengthened due to favorable external factors and geopolitical tensions, while pharmaceutical stocks and Pop Mart faced pressure following lower than expected financial results. - Specific market movements included significant gains in insurance and oil shares, whereas Pop Mart dropped nearly 4% after reporting a mid-year net profit growth of only 10%.
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