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Tesla hits speed bump with huge vehicle recall

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Tesla forced to recall more than a quarter of a million electric vehicles in China over safety concerns.

Tesla is recalling more than a quarter of a million Model 3 and Model Y sedans built in China over safety concerns around the ‘cruise control’ feature.

The huge recall amounts to the majority of Tesla vehicles cars produced and sold in the country. Most of the affected Model 3 and Model Y vehicles were from Tesla’s Shanghai plant.

Cruise control safety concerns

China’s market regulator says the vehicles’ cruise control systems could be accidentally activated, causing them to speed up unexpectedly.

However, the recall doesn’t necessarily mean any of the affected vehicles will actually need to physically go to a service centre for repairs.

Rather, owners can upgrade their vehicles’ cruise control systems software remotely, similar to a phone update.

https://twitter.com/kimpaquette/status/1408775734777335811?s=20

Tesla’s market in China

Tesla posted an apology to its page on Weibo, a popular social media platform in China.

CEO Elon Musk also posted Weibo on Saturday, “Safety is our primary goal in designing Tesla.”

China is the largest new car market in the world and the largest market for all-electric vehicles. Ives has called the country the “linchpin” of Tesla’s growth story. He calculates that China will account for 40% of Tesla deliveries by next year.

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EU plans to force USB-C chargers for all phones

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EU plans to make USB-C connectors the standard port for all smartphones and tablets, angering Apple

The European Commission rules to force manufacturers to create a universal charging solution for phones and small electronic devices. The European Commission is aiming to have a common charging port for all mobile phones, tablets, cameras, headphones, and handheld videogame consoles.

The ruling has been in the making for a decade, with environmental concerns the main driving force behind the historic move.

Reducing waste

The rule will reduce waste by encouraging consumers to re-use existing chargers when buying a new device. Politicians have been pushing for this uni9versal charging rule for over a decade.

Disposed and unused charging cables generate approximately 11,000 tonnes of waste per year.  Research shows the average person owns around three mobile phone chargers.

A decade ago there were about 30 different types of chargers, now, phones use either USB-C, lightning, and USB micro-B.

Rotten Apple

The move would see all smartphones in the EU sold with the same charger, a motion Apple is not happy about. The tech giant says this move would damage ongoing innovation.

The tech giant is the main manufacturer of smartphones using a custom charging port, as its iPhone series uses an Apple-made “Lightning” connector. Apple argues its Lightning connector is used by one billion active iPhone users.

“We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world,”

Apple spokesperson

The proposed changes would apply to the charging port on the device body and will also standardise charging speeds. It may be a number of years before the proposals come into effect.

It will be thoroughly debated by the European Parliament and national Governments.

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Trade war fires up as U.S companies pass tariffs onto consumers

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Japan Exports

The trade war between the United States and China is continuing to heat up, but this hasn’t stopped American businesses from leaving the Chinese mainland

This all follows the US implementing tariffs on billions of dollars worth of Chinese consumer products in a bid to bring manufacturing back to American shores.

A new report has found this is hurting the US economy and has not been successful in pressuring China to change any of its economic policies.

Meanwhile, businesses based in either China and America have remained “deeply integrated” with the other… with foreign investment into China hitting a record high of US$144.4 billion in 2020.

This comes as Joe Biden moves to review US policy towards China, including the previous policies of Donald Trump.

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Energy prices soar for Europeans as winter chill approaches

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There are growing concerns for European residents as energy prices continue to skyrocket in the lead-up to winter

The wholesale prices of natural gas in Britain, France, Spain, Germany and Italy have reached record highs, with overall household bills now through the roof.

This all comes as the continent braces for a cold winter and fuel is needed for increased electricity generation.

Meanwhile, the Europen Consumer Organisation warns it has seen a huge price increase… saying “It’s worrying ahead of the winter when gas consumption will necessarily increase.”

This latest price hike is being caused by a number of factors… including a depletion of natural gas stockpiles during a cold spring and a growing demand for gas in China.

Russia is also supplying less gas to the market than it ever has before.

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