BYD tells India partner it wants to drop USD 1 billion EV investment plan
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.
Tags : byd olectra greentech megha engineering atto tata motors great wall motor market byd india byd auto
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