Ford Mustang Mach-E EV recall fix is being investigated by the NHSTA
The National Highway Traffic Safety Administration (NHTSA) announced it had opened an investigation Monday into Ford’s solution for a June 2022 Mustang Mach-E recall.
Ford Mustang Mach-E recall query
The investigation, called a recall query, comes after Ford issued a safety recall impacting nearly 49,000 2021-2022 Mustang Mach-E models on June 10, 2022. The automaker said specific models produced between May 27, 2020, and May 24, 2022, were impacted.
The issue is that the high-voltage battery main contactors can overheat from DC fast charging and “repeated wide-open pedal events.”
Bending or deformation may occur, resulting in the contactor remaining open or closed, which can result in power loss or failure to start.
Ford halted deliveries to dealerships last year and deployed two software updates to monitor contactor temperature and reduce battery power to limit damage. The automaker also issued a technical service bulletin to replace the unit on impacted Mach-E models.
The NHTSA’s Office of Defects Investigation (ODI) opened the recall query after receiving 12 customer complaints claiming they continued to experience the issue after receiving the fix.
One owner said their vehicle’s high-voltage battery junction box failed again two days after receiving the software update. According to the report, roughly 64,727 Mustang Mach-E models are under investigation.
Ford spokesperson Maria Buczkowski told Automotive News that the automaker is “working with NHTSA to support their investigation.”
Following downtime at its production site in Mexico, Mustang Mach-e sales were down 20% in the second quarter compared to last year. Meanwhile, Ford says the retooling has helped improve Mach-E inventory.
Andrew Frick, VP of sales distribution at Ford, said the move “helped Mustang Mach-E sales climb 110% in June.”
The automaker slashed prices on its F-150 Lightning electric truck last month by nearly $10,000 off certain trims following upgrades at its Rouge Electric Vehicle Center in Michigan.
According to information from the NHTSA, Ford has issued 38 recalls so far this year, more than any other automaker. We’ll keep you updated on the latest regarding the Ford Mustang Mach-E recall investigation. Check back for more details.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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