JAC shares surged by 9.98 percent as Chinese regulators launched a joint probe into brake pedal bracket failures reported in the Huawei-backed Maextro V800.
The Maextro V800 hybrid minivan, a joint venture between JAC and Huawei, is set to enter the Russian market in early 2027.
Maextro, a collaboration between Huawei and JAC, is redesigning the brake pedal of its V800 minivan following reports of structural failures during emergency testing.
Maextro will redesign the brake pedal bracket of its V800 MPV and offer free upgrades to owners after test failures were reported by a local media outlet.
Weibo CEO Wang Gaofei addressed the Maextro V800 brake pedal failure reported during Dongchedi tests, while JAC Motors shares dropped following the incident.
The Huawei and JAC luxury MPV Maextro V800 faces safety scrutiny after emergency tests revealed critical brake pedal failures.
JAC has restarted sales of the T8 Pro pickup in Russia, offering gasoline and diesel versions starting from 3.13 ₽ million.
Maserati is partnering with Huawei and JAC to develop two new electric models, aiming to recover from a significant decline in annual sales.
Maserati is negotiating with Huawei and JAC to develop new electric vehicles, with plans for final assembly in Italy using Chinese components.
Maserati plans to launch two new electric vehicles in partnership with Huawei and JAC to reverse a significant decline in global sales and profitability.
