Investing.com -- BYD said it did not violate environmental regulations during the construction of its electric vehicle plant in Hungary, Bloomberg reported on Friday, citing comments from Executive Vice President Stella Li.
"That is a false claim," Li said during an international conference in Belgrade, adding that the Chinese automaker had engaged lawyers to respond to the allegations.
The comments come after Hungarian authorities launched an investigation into claims that toxic soil was moved from BYD’s construction site in the southern city of Szeged to another location.
The probe marks one of the latest environmental reviews involving companies operating in Hungary’s rapidly expanding electric vehicle and battery manufacturing sector.
Battery producers have also faced increased scrutiny in the country as authorities place greater focus on environmental compliance.
Despite the investigation, BYD said it remains committed to its Hungary project and is focused on ramping up production at the facility.
Earlier this month, Li said vehicle assembly at the plant is expected to begin in the fourth quarter.
The factory will be BYD’s first manufacturing facility within the European Union and forms part of the company’s broader expansion strategy across the region.
The automaker is also continuing to evaluate options for a second European production site.
According to Li, the company has already identified a shortlist of potential locations.
Possible approaches include...
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