BYD Company stock faces European cybersecurity review request

BYD Company stock traded at 8.12 euros on Lang & Schwarz at 09:20 CET on Tuesday, November 10. The latest policy development is a request for European scrutiny of the automaker's connected vehicles.

Lawmakers Seek Security Assessment

Fourteen members of the European Parliament asked the European Commission on Wednesday, November 4, to assess whether BYD vehicles pose a security threat, Reuters reported. The lawmakers asked the European Union's cybersecurity agency to assess the level of risk and consider whether BYD should be included on a list of high-risk suppliers.

The written questions also raise possible limits on Chinese vehicles entering strategic dual-use infrastructure and on BYD's participation in public procurement. The request is a policy review rather than a completed restriction, leaving the Commission's response as the next material step for investors. The Commission typically has six weeks to answer lawmakers' questions.

BYD Rejects Data Access Concerns

BYD told Reuters that data processed or stored in its vehicles or cloud systems cannot be remotely accessed from China. The company said customers remain in control of their data and that BYD Europe does not make the information available to BYD entities or third parties in China.

The scrutiny comes as BYD expands its European manufacturing footprint. Reuters said the company operates a production facility in Hungary and is planning additional plants on the continent. Any procurement restrictions could therefore affect a potential channel for European growth, while the broader outcome depends on the Commission's assessment and any measures that follow.

Investors can follow broader Chinese market developments in the Shanghai Composite.

More news and analyses on BYD Company stock will track the Commission's response and the company's next policy and operating updates.