BREAKING
NVIDIA (NVDA) eyes China AI chip re-entry as export licensing shifts to case-by-case review 3 days ago Qualcomm (QCOM) authorizes $20B stock repurchase program, raises quarterly dividend to $0.92 3 days ago UP Fintech Holding Limited Reports Strong 2025 Results 3 days ago FedEx (FDX) Q3 Earnings Crush Estimates: EPS of $5.25 Beats by 27% on $24B Revenue 3 days ago Cato Corporation 2025 Financial Results Summary 3 days ago GROY Posts Breakeven Q4 Earnings, Beating Estimates by 100% as Revenue Grows 34.2% YoY to $4.5M 3 days ago York Space Systems (YSS) Posts -$0.24 EPS vs. -$0.18 Est., Revenue Soars to $105.3M 3 days ago Scholastic (SCHL) Q3 Loss Narrows to $0.15/Share vs $0.36 Estimate, Revenue Misses at $329.1M 3 days ago Curis (CRIS) EPS Soars 210.8% to $1.23, But Revenue Plunges 67.1% to $1.1M 3 days ago Eton Pharmaceuticals (ETON) Q4 Revenue Surges 82.9% YoY to $21.3M, EPS Climbs 266.7% 3 days ago NVIDIA (NVDA) eyes China AI chip re-entry as export licensing shifts to case-by-case review 3 days ago Qualcomm (QCOM) authorizes $20B stock repurchase program, raises quarterly dividend to $0.92 3 days ago UP Fintech Holding Limited Reports Strong 2025 Results 3 days ago FedEx (FDX) Q3 Earnings Crush Estimates: EPS of $5.25 Beats by 27% on $24B Revenue 3 days ago Cato Corporation 2025 Financial Results Summary 3 days ago GROY Posts Breakeven Q4 Earnings, Beating Estimates by 100% as Revenue Grows 34.2% YoY to $4.5M 3 days ago York Space Systems (YSS) Posts -$0.24 EPS vs. -$0.18 Est., Revenue Soars to $105.3M 3 days ago Scholastic (SCHL) Q3 Loss Narrows to $0.15/Share vs $0.36 Estimate, Revenue Misses at $329.1M 3 days ago Curis (CRIS) EPS Soars 210.8% to $1.23, But Revenue Plunges 67.1% to $1.1M 3 days ago Eton Pharmaceuticals (ETON) Q4 Revenue Surges 82.9% YoY to $21.3M, EPS Climbs 266.7% 3 days ago
ADVERTISEMENT
Market News

Lime recalls electric scooters on fire and explosion fears

Electric-scooter maker Lime has recalled certain e-bikes due to a potential fire risk of its batteries. A manufacturing defect as recently identified that could result in the battery exploding or catching fire. Experts allege that the company might not have considered the safety risks of the scooters as imperative. According to a Washington Post report, […]

October 31, 2018 2 min read
Market News

Electric-scooter maker Lime has recalled certain e-bikes due to a potential fire risk of its batteries. A manufacturing defect as recently identified that could result in the battery exploding or catching fire. Experts allege that the company might not have considered the safety risks of the scooters as imperative. According to a Washington Post report, […]

Electric-scooter maker Lime has recalled certain e-bikes due to a potential fire risk of its batteries. A manufacturing defect as recently identified that could result in the battery exploding or catching fire. Experts allege that the company might not have considered the safety risks of the scooters as imperative.

According to a Washington Post report, about 2,000 scooters were recalled after reports of a few catching fires. The abundance of caution prompted Lime to recall approximately 0.01% of its fleet, specifically in the Los Angeles, San Diego, and Lake Tahoe areas.

The company has been facing continuing challenges as an ambiguous report stated battery failure could turn vulnerable in another scooter model. Also, the company has been testing on the breakability of the scooters when subject to repeated abuse. Lime confirmed of a possibility of a crack or break when cycled at high speed off a curb.

Meanwhile, few employees raised concerns about the company’s method to address the safety risks. This came after reports of a scooter at Lake Tahoe facility bursting into flames, prompting a fire rescue.

Experts remained concerned with the design of the scooter as most of them are for personal use and not widespread public use. Besides, certain scooter companies have failed to maintain these scooter properly. Due to the non-maintenance of these vehicles, accidents with severe injuries are on the rise including head trauma and broken bones.

Uber invests in e-scooter startup Lime

Recently in early July, ridesharing firm Uber has raised its investment in the dockless bike startup company Lime. Based on this strategic partnership, Uber users can now book a Lime bike through the Uber app. Uber also plans to have its logo on Lime bikes.

Lime has been located in over 70 cities across the US and Europe. The company has given 6 million rides through its variety of vehicles including electric scooters, electric bicycles, and pedal bikes.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

ADVERTISEMENT