Nio Recalls Record 246,229 Cars over Software Problem
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7 Articles
Nio Recalls 246K EVs For 'Screen Blackouts' As Firm Hits First-Ever Profit Milestone - NIO (NYSE:NIO)
Nio Inc. recalls 246,229 vehicles due to a software issue, marking the largest recall by a Chinese EV maker. Despite this setback, the company forecasts strong Q4 profits and reports impressive delivery growth in January.
NIO stock slips premarket as China orders record recall over screen blackout risk
Nio shares fell 1.4% to $4.97 in U.S. premarket trading after China’s market regulator ordered a recall of 246,229 vehicles over a software glitch that can briefly black out in-car screens. The recall affects ES8, ES6, and EC6 models built between March 2018 and January 2023. Nio will issue remote software updates or use service centers as needed. Investors await details on recall costs and the company’s next earnings release. The post NIO stock…
Nio to Fix Screen Blackout Issue on 246,000 Gen-1 EVs Via Software Update
Nio will be pushing a software update on 246,229 vehicles in China to address an issue that can cause the instrument cluster and central display to briefly go black, depriving drivers of essential information including speed and fault warnings. The recall covers the first generation SUVs ES8, ES6, and EC6 produced between March 16, 2018 and January 16, 2023, according to a filing with China’s State Administration for Market Regulation published …
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