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India To Ok 45 China Investments Including Great Wall Motors: Report India To Ok 45 China Investments Including Great Wall Motors: Report About 150 investment proposals from China worth more than $2 billion were stuck in the pipeline.
Updated: February 22, 2021 3:41 pm IST
Models pose next to Great Wall Motors GWM R1 electric car at its pavilion at the India Auto Expo 2020.
New Delhi:
India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp, government and industry sources told Reuters, as military tensions ease at the border.
The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/hyundai-kia-say-apple/"></div>SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. Wiping $3 billion off its market value, Hyundai’s stock slid 6.2%. Shares in its […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/hyundai-kia-say-apple/"></div><! AddTh
Apple will aim to produce 100,000 vehicles annually by 2024 at the Kia plant
The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. PHOTO: REUTERS
Apple is planning to invest $3.6 billion in Kia Motors as they collaborate to build an electric car reports South Korea’s online news outlet DongA.com
The report said the deal would be signed on February 17. Apple will aim to produce 100,000 vehicles annually by 2024 at the Kia plant according to the report and aims to expand that annual capacity to 400,000 at a later stage.