Brazil puts China's BYD on list of shame for workers' past slavery-like conditions Share [CNBC]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: CNBC
Brazil has put China's BYD on a registry of employers who have subjected workers to conditions similar to slavery, after a 2024 scandal in which Chinese workers were said to have been victims of human trafficking and abusive contracts. The list, published by Brazil's Labor Ministry, carries further reputational risk for the automaker in its biggest market after China. It also bars BYD from obtaining certain types of loans from Brazilian banks, but does not affect the operation of its sole auto plant in the country that the workers were hired to build. BYD did not reply to a request for comment. Jinjiang Group, the contractor that BYD used to hire the 163 workers cited in the scandal, has denied the claims. BYD has previously said it had no knowledge of any violations until reports by Brazilian media in late November. Brazilian officials have argued that BYD is ultimately responsible for its workers' conditions as it should be supervising its contractors. Chinese workers h
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