BYD Motors s $1 billion investment bid is the latest casualty of the economic cold war with China. Can India afford to continue turning down Chinese money and expertise?
The Narendra Modi government has trashed Chinese automaker BYD’s proposal to set up a $1 billion manufacturing plant in India, reported Economic Times on Saturday.
The Chinese EV giant had earlier submitted a proposal to build EVs as well as electric batteries in India in partnership with an Indian EV company Megha Engineering and Infrastructure Ltd.