BYD tells India partner it wants to drop $1 billion EV investment plan-sources autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
China s BYD
has told its India joint-venture partner it would shelve plans
for a new $1-billion investment to build electric cars after its
investment proposal faced scrutiny from New Delhi, two.
China s BYD has decided to halt its USD 1 billion investment in building electric cars in India after facing scrutiny from New Delhi due to security concerns about Chinese investment. BYD s proposal with partner Megha Engineering awaits government review. India s EV market is growing with a target of 30% electric car sales by 2030.
BYD tells India partner it wants to drop $1bln EV investment plan-sources zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
BYD and its partner, privately held Megha Engineering and Infrastructures submitted a proposal to the Indian government in April to jointly build electric cars in India, Reuters reported earlier this month.