diff --git a/components/radio/radio.component.ts b/components/radio/radio.component.ts
index 917ef94758..e5b5fd924e 100644
--- a/components/radio/radio.component.ts
+++ b/components/radio/radio.component.ts
@@ -12,6 +12,7 @@ import {
   Component,
   ElementRef,
   forwardRef,
+  Inject,
   Input,
   NgZone,
   OnDestroy,
@@ -88,7 +89,7 @@ export class NzRadioComponent implements ControlValueAccessor, AfterViewInit, On
   isRadioButton = !!this.nzRadioButtonDirective;
   onChange: OnChangeType = () => {};
   onTouched: OnTouchedType = () => {};
-  @ViewChild('inputElement', { static: false }) inputElement?: ElementRef;
+  @ViewChild('inputElement', { static: true }) inputElement!: ElementRef<HTMLInputElement>;
   @Input() nzValue: NzSafeAny | null = null;
   @Input() @InputBoolean() nzDisabled = false;
   @Input() @InputBoolean() nzAutoFocus = false;
@@ -109,8 +110,8 @@ export class NzRadioComponent implements ControlValueAccessor, AfterViewInit, On
     private cdr: ChangeDetectorRef,
     private focusMonitor: FocusMonitor,
     @Optional() private directionality: Directionality,
-    @Optional() private nzRadioService: NzRadioService,
-    @Optional() private nzRadioButtonDirective: NzRadioButtonDirective
+    @Optional() @Inject(NzRadioService) private nzRadioService: NzRadioService | null,
+    @Optional() @Inject(NzRadioButtonDirective) private nzRadioButtonDirective: NzRadioButtonDirective | null
   ) {}
 
   setDisabledState(disabled: boolean): void {
@@ -143,7 +144,21 @@ export class NzRadioComponent implements ControlValueAccessor, AfterViewInit, On
         this.cdr.markForCheck();
       });
       this.nzRadioService.selected$.pipe(takeUntil(this.destroy$)).subscribe(value => {
+        const isChecked = this.isChecked;
         this.isChecked = this.nzValue === value;
+        // We don't have to run `onChange()` on each `nz-radio` button whenever the `selected$` emits.
+        // If we have 8 `nz-radio` buttons within the `nz-radio-group` and they're all connected with
+        // `ngModel` or `formControl` then `onChange()` will be called 8 times for each `nz-radio` button.
+        // We prevent this by checking if `isChecked` has been changed or not.
+        if (
+          this.isNgModel &&
+          isChecked !== this.isChecked &&
+          // We're only intereted if `isChecked` has been changed to `false` value to emit `false` to the ascendant form,
+          // since we already emit `true` within the `setupClickListener`.
+          this.isChecked === false
+        ) {
+          this.onChange(false);
+        }
         this.cdr.markForCheck();
       });
     }
@@ -193,9 +208,7 @@ export class NzRadioComponent implements ControlValueAccessor, AfterViewInit, On
             return;
           }
           this.ngZone.run(() => {
-            if (this.nzRadioService) {
-              this.nzRadioService.select(this.nzValue);
-            }
+            this.nzRadioService?.select(this.nzValue);
             if (this.isNgModel) {
               this.isChecked = true;
               this.onChange(true);
diff --git a/components/radio/radio.spec.ts b/components/radio/radio.spec.ts
index 8a38c5473b..370917fea7 100644
--- a/components/radio/radio.spec.ts
+++ b/components/radio/radio.spec.ts
@@ -23,6 +23,7 @@ describe('radio', () => {
           NzTestRadioGroupFormComponent,
           NzTestRadioGroupDisabledComponent,
           NzTestRadioGroupDisabledFormComponent,
+          NzTestRadioGroupLabelNgModelComponent,
           NzTestRadioSingleRtlComponent,
           NzTestRadioGroupRtlComponent,
           NzTestRadioButtonRtlComponent
@@ -322,6 +323,30 @@ describe('radio', () => {
       }).not.toThrow();
     }));
   });
+  describe('ngModel on the `nz-radio` button', () => {
+    it('`onChange` of each `nz-radio` should emit correct values', () => {
+      const fixture = TestBed.createComponent(NzTestRadioGroupLabelNgModelComponent);
+      fixture.detectChanges();
+
+      const radios = fixture.debugElement.queryAll(By.directive(NzRadioComponent));
+
+      radios[0].nativeElement.click();
+      expect(fixture.componentInstance.items).toEqual([
+        { label: 'A', checked: true },
+        { label: 'B', checked: false },
+        { label: 'C', checked: false },
+        { label: 'D', checked: false }
+      ]);
+
+      radios[1].nativeElement.click();
+      expect(fixture.componentInstance.items).toEqual([
+        { label: 'A', checked: false },
+        { label: 'B', checked: true },
+        { label: 'C', checked: false },
+        { label: 'D', checked: false }
+      ]);
+    });
+  });
   describe('RTL', () => {
     it('should single radio className correct', () => {
       const fixture = TestBed.createComponent(NzTestRadioSingleRtlComponent);
@@ -520,6 +545,37 @@ export class NzTestRadioGroupSolidComponent {
   singleDisabled = false;
 }
 
+/** https://github.com/NG-ZORRO/ng-zorro-antd/issues/7254 */
+@Component({
+  template: `
+    <nz-radio-group>
+      <label nz-radio *ngFor="let item of items" [nzValue]="item.label" [(ngModel)]="item.checked">
+        {{ item.label }}
+      </label>
+    </nz-radio-group>
+  `
+})
+export class NzTestRadioGroupLabelNgModelComponent {
+  items = [
+    {
+      label: 'A',
+      checked: false
+    },
+    {
+      label: 'B',
+      checked: false
+    },
+    {
+      label: 'C',
+      checked: false
+    },
+    {
+      label: 'D',
+      checked: false
+    }
+  ];
+}
+
 @Component({
   template: `
     <div [dir]="direction">