The Chinese automaker Xpeng Inc. has recalled over 47,000 units of its popular P7+ sedan. The recall dealt another blow to the Chinese EV market as a leading brand had to recall one of its most popular models due to concerns over safety risk.  The issue involves a flaw in the sensor wiring harness. The […]The Chinese automaker Xpeng Inc. has recalled over 47,000 units of its popular P7+ sedan. The recall dealt another blow to the Chinese EV market as a leading brand had to recall one of its most popular models due to concerns over safety risk.  The issue involves a flaw in the sensor wiring harness. The […]

Xpeng recalls 47,490 P7+ sedans, affecting over 70% of owners due to steering defects

The Chinese automaker Xpeng Inc. has recalled over 47,000 units of its popular P7+ sedan. The recall dealt another blow to the Chinese EV market as a leading brand had to recall one of its most popular models due to concerns over safety risk. 

The issue involves a flaw in the sensor wiring harness. The affected cars, which include some of those produced between August 20 last year and April 27 this year, may display a steering fault warning indicator light before experiencing a steering failure.

Xpeng has committed to replacing the faulty parts free of charge for owners.

Xpeng has recalled its flagship model

The Chinese electric vehicle maker Xpeng Inc. had to issue a recall of 47,490 units of its P7+ sedan, affecting at least 70% of its customers who bought the model.

The recall is due to a steering fault that poses safety risks, according to a statement from China’s State Administration for Market Regulation (SAMR) that was released Friday.

The P7+ sedan was launched late last year and quickly became one of Xpeng’s most popular models, selling 67,000 units.

China’s price competition

Earlier this year, regulators moved to rein in the industry’s price war, which has been raging for several years as automakers compete for market share in the world’s largest EV market.

Even established players like BYD and Tesla, as well as newer companies like Nio and Xpeng, have had to cut prices to attract buyers. While these discounts have boosted sales, they have also squeezed profit margins.

In response, automakers have been pressuring their suppliers to lower costs. Industry analysts and regulators have warned that these conditions could affect the standards of materials and components used in production.

Xpeng’s incident may lead to increased global scrutiny on China’s auto exports and domestic regulators pushing for stronger safety standards.

China’s booming EV market provides buyers with lower prices and rapid technological innovation, but the sustainability of those advantages may depend on how well automakers can balance affordability with durability and safety.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Realistic Path To A $5 Milestone

The Realistic Path To A $5 Milestone

The post The Realistic Path To A $5 Milestone appeared on BitcoinEthereumNews.com. XRP Price Prediction 2026-2030: The Realistic Path To A $5 Milestone Skip to
Share
BitcoinEthereumNews2025/12/27 13:42
Unveiling The Realistic Trajectory For BTC’s Remarkable Journey

Unveiling The Realistic Trajectory For BTC’s Remarkable Journey

The post Unveiling The Realistic Trajectory For BTC’s Remarkable Journey appeared on BitcoinEthereumNews.com. Bitcoin Price Prediction 2026-2030: Unveiling The
Share
BitcoinEthereumNews2025/12/27 14:17
Wormhole token soars following tokenomics overhaul, W reserve launch

Wormhole token soars following tokenomics overhaul, W reserve launch

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
Share
Coinstats2025/09/18 02:41