One of China’s biggest suppliers of batteries for electric vehicles suspended its shares from trading Monday in the wake of allegations from state media reports that pollution from one of its factories had sickened children and contaminated land.
Hong Kong-listed Tianneng Power International Ltd. told the Hong Kong Stock Exchange that it and its subsidiaries have taken note of recent media reports regarding the company’s plant in Jiangsu province’s Shuyang county.
Over the weekend, a 25-minute China Central Television investigative report alleged that children in Shuyang had been found with lead levels as high as 162.9 micrograms per liter of blood, well above the legal limit of 100 micrograms a liter. The report quoted parents blaming Tianneng’s lead plant.
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