Financial Wire

Market Chatter: BYD Applies to Join European Car Lobby

-- Chinese electric vehicle maker BYD (SHE:002594, HKG:1211) has applied to join Europe's car lobby, Bloomberg reported Friday.

BYD's inclusion in the European Automobile Manufacturers Association would mark the first time a Chinese carmaker joins the group, the report said.

A spokesperson for the lobby confirmed the car maker applied to join the lobby but added that a decision was yet to be made.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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