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Market Chatter: BYD Denies Claims It Violated Hungary Environmental Rules

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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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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