BYD’s EV proposal hits hurdle in India
Chinese automaker BYD's proposal to partner with Megha Engineering and Infrastructure (MEIL) for electric vehicles in India has hit a security roadblock, reflecting the government's concerns about Chinese companies' control and technology sharing. The Indian government has tightened FDI regulations for companies from bordering countries, leading to increased scrutiny and delays in investment proposals.
Tags : byd BYD EV megha engineering and infrastructure zte BYD India ev & future mobility Electric Vehicles ev battery
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