Alarming news for BYD, the world’s largest electric vehicle (EV) manufacturer. A fire broke out in the Pingshan district of Shenzhen, where the company’s headquarters and manufacturing cluster are located. Thick black smoke rising from the facility alarmed investors and revived concerns about lithium battery safety on social media, Reuters reported.

What happened

The fire was first reported overnight, engulfing a large garage within an industrial park. By morning, it had been completely extinguished.

BYD moved quickly to reassure the public, stating that the fire occurred in a parking garage used for «test and scrapped vehicles,» and that no casualties were reported.

Market reaction and consequences

Despite the company’s swift response, the market reacted negatively. BYD shares on the Hong Kong Stock Exchange fell by nearly 1% to HK$109.3, as investors tend to be sensitive to incidents at manufacturing sites of major Chinese tech companies.

According to experts, extinguishing EV fires is particularly challenging due to the nature of lithium battery combustion. The fact that firefighters were able to prevent the blaze from spreading to nearby workshops highlights the high level of preparedness of the plant’s safety systems.

https://kz.kursiv.media/en/2026-04-14/engk-tank-fire-destroys-decommissioned-evs-at-byds-shenzhen-plant/

Serious Q. Do the left include these abominable fires in EV factories and cargo ships carrying EVs when they calculate how they are saving the world by forcing us to drive disposible milk floats that last less than 8 years before they hit landfill?

Just, these huge fires look like they might be releasing some CO2 and other pollutants

My niece just drove from Hua Hin and didn't use even one-third her charge. The bigger environmental concern is manufacturing pollution and batteries. How do you dispose of them when they're spent?

What's the left turn signal got to do with this topic???