FAW-VW to recall 202,662 Sagitar cars in China
BEIJING, June 13 (Reuters) - The joint venture of China's FAW Group (SASACJ.UL) and Germany's Volkswagen (VOWG.DE), opens new tab will recall 202,662 Sagitar cars in China from July 15 over potential safety hazards caused by insufficient moisture-proof performance of wheel speed sensors, China's market regulator said on Friday.
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Reuters
an hour ago
- Reuters
Xiaomi's YU7 car buyers face year-long wait for delivery, sparking complaints
SHANGHAI, July 1 (Reuters) - China's Xiaomi ( opens new tab is telling customers of its new YU7 electric sports utility vehicle they will have to wait more than a year to receive their cars, sparking a fresh wave of complaints against the company. The smartphone turned EV maker said it received roughly 240,000 orders for the YU7 in the first 18 hours after the car went on sale on Thursday night, but only a small number of vehicles were available for immediate delivery. By Tuesday, the Xiaomi app showed purchasers were facing a wait of between 38 and 60 weeks, according to Reuters checks. Since Friday, more than 400 buyers have lodged complaints on Sina's Black Cat consumer complaint platform saying they were not made aware of the long wait and demanding a refund, according to a Reuters review of the records on the platform. Buyers had to make a non-refundable deposit of 5,000 yuan ($697.97) to place their order. They said the official app only showed the estimated waiting time for the car after the order had been confirmed. They also raised concerns about whether the longer wait would mean they would have to pay more because a tax exemption for EVs is set to expire at the end of this year. Xiaomi did not immediately respond to a request for comment. Its charismatic CEO Lei Jun said on his Weibo account, where he has 26.8 million followers, that he would answer some questions raised after the YU7 launch in a livestreaming event on Wednesday. Xiaomi made a huge splash in China's EV market with the launch of its first vehicle, the SU7 sedan, in March last year. While early buyers of the SU7 initially faced waits of up to 7 months it has outsold Tesla's Model 3 in China on a monthly basis since December. The company has been grappling with a consumer backlash since a fatal crash involving an SU7 in March. It has also faced complaints over the confusion surrounding vehicle delivery times, as well as optional features. The YU7 is Xiaomi's second model and priced from 253,500 yuan ($35,360), nearly 4% less than Tesla's Model Y, currently China's best-selling SUV. Lei has been open about how Xiaomi wants to challenge Tesla's Model Y for the top spot. Xiaomi has been ramping up output at its Beijing plant and plans new factories on two plots of land nearby. Monthly output has increased to 28,000 units in May from 4,000 units last March. ($1 = 7.1636 Chinese yuan renminbi)
Reuters
2 hours ago
- Reuters
Car dealers in China's Yangtze delta region warn of 'severe challenges'
BEIJING, July 1 (Reuters) - Car dealers in one of China's richest regions are appealing to automakers to overhaul sales strategies amid mounting pressure on their cash flow and high inventories in another sign of the growing toll of the price war in the world's largest car market. Four dealer associations based in the Yangtze River Delta encompassing Shanghai city and the provinces of Jiangsu, Zhejiang and Anhui, issued a joint letter on their WeChat accounts on Monday, going public with the pressures they face. Most automakers sell their vehicles in China via dealerships, and the Delta region accounted for 23% of domestic car sales in 2024. "Car dealers in the Yangtze River Delta region face severe challenges such as high inventory, disorderly market competition and increased risk of capital chain rupture," said the letter that was addressed to "all automakers". "Some automakers have forced dealers to sell new cars at prices below cost," they added without naming any firms, saying such a strategy could violate China's competition laws. Dealer associations in the provinces of Henan and Jiangsu issued similar letters last week, while suppliers and dealers have both asked carmakers to pay them more promptly. The complaints indicate that Chinese automakers are continuing a years-long price war despite orders from regulators to stop as the strategy eats into the industry's profitability and financial health. The four dealer associations also said that inventories were above healthy levels. A gradual suspension in car loans in the region since June has compounded the problem leaving consumers who thought they had financing unable to pick up their cars, they added. The dealers made a number of suggestions, including that carmakers should allow them to suggest a reasonable inventory limit and adjust sales targets to better recognise the capacity of the regional market. China's legislature passed amendments to the anti-unfair competition law last week. The revised law strengthens rules against forced below-cost pricing and will come into effect in October.
The Independent
2 hours ago
- The Independent
Tailgating a factor behind one in eight crashes on UK roads
Over 140 people are killed or seriously injured annually on England's motorways and major A- roads due to tailgating. Tailgating is identified as a factor in at least one in eight collisions across the strategic road network. Research shows 43 per cent of drivers admit to tailgating, yet 60 per cent feel anxious when tailgated. National Highways recommends drivers maintain a two-second gap on dry roads and four seconds in wet conditions. Drivers caught tailgating face a £100 fine and three penalty points, with potential for more severe punishments in serious collisions. The deadly driving act that 43 per cent of people admit to doing
