UPDATE 1-BYD Electronic shares fall after charger recall

* Shares drop more than 4 pct over Nokia recall of chargers

* Could tarnish BYD Electronic's reputation - Credit Suisse (Updates share price, adds broker's comment)

HONG KONG, Nov 10 (Reuters) - Shares in BYD Electronic (0285.HK), the battery making arm of BYD Co (1211.HK), fell more than 4 percent on Tuesday after Nokia (NOK1V.HE) said it would replace 14 million cellphone chargers made by the Chinese company.

The stock fell 4.4 percent to a low of HK$6.70 shortly after the market opened, underperforming a 1.3 percent gain by the benchmark Hang Seng Index .HSI.

Nokia said BYD would cover the costs of recalling the chargers, which it says could give users an electric shock. [ID:nL9382553]

Credit Suisse downgraded the stock to "underperform" from "neutral".

Although the recall would have a limited financial impact on BYD Electronic, it would cast doubt on the company's reputation and ability to manufacture phone chargers, it said in a research report.

The charger business is estimated to contribute only about 5-6 percent to the company's top line this year.

The stock has risen 62 percent since the start of October, significantly outperforming the market and its rivals.