Market Chatter: BYD Denies Claims It Violated Hungary Environmental Rules

MT Newswires Live10:14

BYD (HKG:1211, SHE:002594) said its legal team would respond to allegations that it violated environmental rules in Hungary during the construction of its first European factory, Bloomberg reported, citing a company senior official.

Executive Vice President Stella Li said the claims are false when asked about the allegations, according to the report.

The Chinese carmaker is currently under investigation over claims that it moved toxic soil from its construction site in the southern city of Szeged to an outside location, Bloomberg said.

BYD did not immediately respond to a request for comment from MT Newswires.

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