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Jianghuai Automobile Hits a Limit Up; Three Departments Including the Ministry of Industry and Information Technology Jointly Investigate Brake Pedal Bracket Breakage Issues
The Block
1h ago
Ai Focus
On the morning of October 16th, the automotive sector saw a volatile rebound, with Jianghuai Automobile hitting the daily limit up. In response to reports online regarding the issue of "breakage of the brake pedal bracket on the Zunjie V800 car," the Ministry of Industry and Information Technology, the Cyberspace Administration of China, and the State Administration for Market Regulation formed a joint investigation team on the evening of October 15th to conduct an inquiry. They stated that they would handle the matter in accordance with laws and regulations, and that relevant updates would be announced in a timely manner. Subsequently, Zunjie Automobile expressed its willingness to actively cooperate fully with the investigation.
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News from the IT family on October 16th: Today in the morning session, the automobile sector saw a volatile rebound. Jianghuai Automobile hit the daily limit up, while BAIC BluePark, Saisis, Ankai Bus, Haima Automobile, and SAIC Group also saw increases in their stock prices.

Regarding the issue of the "breakage of the brake pedal bracket for the Zunjie V800 car" reported online, on the evening of October 15th, three departments namely the Ministry of Industry and Information Technology, the Cyberspace Administration of China, and the State Administration for Market Regulation announced the establishment of a joint investigation team to conduct an inspection and handle the matter in accordance with laws and regulations. Relevant information will be released in a timely manner.

Zunjie Automobile's official Weibo subsequently issued a statement, stating that it will actively respond, fully comply, and cooperate wholeheartedly with the work of the joint investigation team.

It was stated: 'On October 15th, three departments including the Ministry of Industry and Information Technology issued a joint investigation report regarding the issue of broken vehicle brake pedal brackets. We actively respond, fully comply, and will cooperate wholeheartedly with the work of the joint investigation team to resolutely protect the legitimate rights and interests of consumers and to firmly uphold the overall development of the new energy vehicle industry.'

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