Amazon’s Zoox Issues Software Recall For 270 Robotaxis Following Crash

By: bitcoin ethereum news|2025/05/07 07:30:02

Topline Amazon-owned robotaxi company Zoox announced Tuesday it issued a software recall for 270 of its vehicles following an accident involving one of its units last month, in what was the latest rocky incident for the fledgling robotaxi industry. Zoox announced the recall Tuesday. Photographer: David Paul Morris/Bloomberg Key Facts Zoox said in a statement the recall was voluntary and that it completed the software update as part of the recall after an unoccupied Zoox robotaxi collided with a passenger vehicle in Las Vegas last month, resulting in no injuries and minor damage to both vehicles. The recall applied to 270 of Zoox’s driverless vehicles, according to multiple outlets, and the robotaxis are now back on the road after operations were completely paused following the recent accident. The software update addresses a flaw within the robotaxi’s driving system that could result in the inaccurate prediction of other cars’ movements, increasing “the risk of a crash,” according to a National Highway Traffic Safety Administration filing. Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . What Issues Has Zoox Faced? Zoox, which Amazon bought for about $1.2 billion in 2020, has had a series of issues and accidents with its vehicles as it looks to expand beyond operations in San Francisco and Las Vegas. In March, the robotaxi company agreed to recall 258 vehicles over a software issue that caused unexpected braking. The recall came almost a year after a pair of Zoox vehicles made sudden, hard brakes that resulted in two separate crashes with motorcyclists. Both incidents did not involve the company’s robotaxi units, but instead, Toyota Highlanders equipped with an automated driving system from Zoox. The company has submitted 14 collision reports so far this year after filing 25 last year, according to California’s Department of Motor Vehicles, which notes manufacturers developing self-driving vehicles are required to report collisions involving property damage, bodily injury or death within 10 days of an incident. What To Watch For Zoox is slated to expand operations to Los Angeles following public testing locations it established in Miami and Austin, Texas, last year. The company does not yet provide rides to the general public and has been conducting test rides since 2023 after starting in San Francisco and Las Vegas. Las Vegas is slated to be Zoox’s first commercial market and rides for the general public could become accessible later this year, with San Francisco soon to follow, CNBC reported. Further Reading Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit (CNBC) San Francisco robotaxis: Amazon-owned company’s cars crashed 39 times (The San Francisco Standard) Source: https://www.forbes.com/sites/antoniopequenoiv/2025/05/06/amazon-robotaxi-firm-zoox-issues-recall-after-las-vegas-crash/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins