中 A fire broke out in the parking lot of BYD headquarters, and dozens of electric vehicles burned with flames

*This content was translated by AI.

The stability of electric vehicle fires is once again under fire due to an unexpected fire accident in the parking lot of BYD headquarters. In addition, large-scale topics caused BYD Hong Kong shares to fall at one point, shaking financial markets.

On the afternoon of the 14th, the fire, which started at a parking facility affiliated with BYD headquarters in China, quickly spread with black smoke and was fortunately contained by firefighters dispatched to the scene. Fortunately, no casualties have been confirmed so far, but the physical damage has been considerable, with dozens of parked vehicles being burned down, and the accident seems to cause more than just a fire.

Above all, the place where the fire broke out is attracting attention from the industry in that it is the parking lot of the headquarters, which is the heart of BYD. In particular, BYD has emphasized the overwhelming fire safety of lithium iron phosphate (LFP) batteries with "blade batteries." The accident is expected to deal a significant blow to brand credibility. In the market, sharp debates are going on over whether the cause of the fire is a defect in the battery system of the vehicle itself or external facilities. If it turns out to be a technical defect, it is expected that a full revision of the safety promotion strategy will be inevitable along with pressure for recalls in the global market.

Financial markets also reacted immediately. As soon as the fire was reported, BYD's stock price in major markets, including the Hong Kong stock market, remained weak throughout the day, reflecting investor anxiety. Investors are concerned that the incident may further dampen consumer sentiment in the "Casms" section, a period of stagnant global electric vehicle demand, and are also closely watching the possibility of a brake on accelerating entry into areas where safety regulations are strict, such as North America and Europe.

BYD said in an immediate statement that it is working with fire authorities to determine the exact cause of the fire. The company is in a position to conduct an objective investigation with all possibilities open and disclose the results transparently. However, the controversy over battery safety is expected to continue until the final results of the investigation are released, and what follow-up measures and technical explanations BYD will come up with in the future will be the key to restoring brand value and rebounding stock prices.

Meanwhile, BYD raised its export target for 2026 from 1.3 million to 1.5 million, meaning its overseas business will play a much larger role in sales growth in the future.

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*This content was translated by AI.