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BYD

1211

1

exclusion reason

1 theme

Labor Rights (1)
1211 Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Forced Labor
Since Mar 12, 2026

BYD, China's largest electric vehicle manufacturer, was identified in a February 2024 Human Rights Watch report titled "Asleep at the Wheel" as failing to minimize the risk of Uyghur forced labor in its aluminum supply chain. Nearly 10% of the world's aluminum, a key material for automotive manufacturing, is produced in the Xinjiang region where the Chinese government has subjected Uyghurs and other Turkic Muslim communities to forced labor through both detention centers and labor transfer programs that relocate workers from rural to urban factory settings. HRW documented that aluminum producers in Xinjiang participate directly in these labor transfers. BYD provided no response to HRW's inquiry about supply chain oversight, joint venture governance, or the origin of its aluminum. The report found that some carmakers, including BYD, apply weaker human rights standards at Chinese operations than in their global supply chains.

Research Sources 2 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.