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BUZZ-China's BYD falls after largest vehicle recall on design, battery issues

Reuters
Oct 17
BUZZ-China's <a href="https://laohu8.com/S/BYDDY">BYD</a> falls after largest vehicle recall on design, battery issues

** Hong Kong-listed shares of Chinese car maker BYD Co 1211.HK fall 2.4% to HK$105, their biggest one-day pct drop since October 3

** Shenzhen-listed stock 002594.SZ slips 1.8% to 105.01 yuan, its lowest level since October 13

** BYD will make its largest recall yet of more than 115,000 Tang series and Yuan Pro vehicles produced between 2015 and 2022 due to design defects and battery-related safety risks, China's market regulator said

** BYD has filed a plan with the State Administration for Market Regulation to recall 44,535 Tang series vehicles produced between March 2015 and July 2017, and 71,248 Yuan Pro electric vehicles made between February 2021 and August 2022

** YTD, BYD Hong Kong stock up 18.5%, Shenzhen-listed shares up 11.6%, Hang Seng Automobile Index .HSAMI up 32%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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