China says Tesla to fix software for 1.1 mln cars on braking issue

SHANGHAI/BEIJING, May 12 (Reuters) - China's market regulator said Tesla Inc will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday. The action is described as a product recall under Chinese regulations, the regulator said, but it was not immediately clear if drivers might need, or would be eligible, to return vehicles to Tesla for refunds. From May 29, the U.S.automaker will issue over-the-air software updates to 1.1 million units of its Model S, Model X, Model 3 and Model Y cars, both imported and China-made, the State Administration for…