BYD plans to drop US$ 1-billion EV investment plan, informs India JV partner: Report

In the initial review, officials from three Indian ministries, including finance and external affairs, raised what two Indian officials described as security concerns about investment from the Chinese company and signalled opposition.

28 Jul 2023 | 4081 Views | By Autocar Pro News Desk

BYD has told its India partner that it aims to drop its plans for a US $ 1 billion investment to manufacture electric cars, as its investment proposal faced scrutiny from New Delhi, Reuters reported, citing two persons in the know.

BYD and its partner, privately held Megha Engineering ...

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