China's Great Wall Motor Filed A Report With China's Regulators Against BYD Claiming Its Rival's Two Top-selling Hybrid Models Did Not Meet Emissions Standards
Portfolio Pulse from Charles Gross
China's Great Wall Motor has filed a report with Chinese regulators against rival BYD, claiming that BYD's two top-selling hybrid models do not meet emissions standards.
May 25, 2023 | 9:39 am
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NEGATIVE IMPACT
BYD may face regulatory scrutiny and potential penalties if its hybrid models are found to not meet emissions standards.
If the allegations by Great Wall Motor are proven true, BYD may face penalties and reputational damage, which could negatively impact its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be indirectly affected by the dispute between Great Wall Motor and BYD, as BYD is a constituent of the ETF.
As BYD is a constituent of the FXI ETF, any negative impact on BYD's stock price due to the emissions dispute may indirectly affect the ETF's performance in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50