Apple has released watchOS 7.3.1 which brings a charging fix for Apple Watch Series 5 and Apple Watch SE devices.
watchOS 7.3.1 addresses an issue that prevented some Apple Watch Series 5 and Apple Watch SE devices from charging after entering Power Reserve.
For more information, please visit this website:
https://support.apple.com/HT212180
You can find instructions on how to update the software on your Apple Watch here.
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