Recalls for power battery safety hazards are something car companies don't want to see, and that's especially true for battery suppliers.
Chinese automakers Chery Automobile and Great Wall Motors both recalled electric vehicles on Friday for battery safety hazards, sparking plenty of speculation about who their battery suppliers are.
Chery recalled 1,407 Arrizo 5e electric vehicles for battery safety concerns, while Great Wall Motors recalled 16,216 Ora IQ electric vehicles on the same day for a potential thermal runaway of the power cell.
CATL, China's largest supplier of power batteries, was speculated by some media outlets as a possible supplier for these models, though the company quickly denied it.
The claims by some media outlets that the recalled vehicles were equipped with CATL batteries were false, cls.cn quoted the company as saying Saturday.
Another power battery supplier, Farasis Energy, said in an announcement on Sunday that it supplied only the modules for the recalled electric vehicles from Great Wall Motors, and that the Battery Management System (BMS) that triggered the recall was not one of its products.
The Great Wall Motors recall is primarily due to a safety hazard associated with a discrepancy between the BMS software control strategy and the power battery in these vehicles, the announcement reads, adding that the BMS is not Farasis' product.
The recall is not expected to have an impact on the company's results for the current year, Farasis said.
From January to June this year, CATL ranked first in China with 25.76 GWh of installed power battery capacity and a 49.1 percent market share, according to data released earlier this month by the China Automotive Battery Innovation Alliance.
Farasis Energy ranked eighth with a 1.5 percent market share, with 0.78 GWh of installed capacity in the same period.
CATL and Farasis, which trade in China's A-share market, were down 1.49% and 4.26%, respectively, by the close of morning trading.
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