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China's BYD wants to build cars in India
Chinese EV giant BYD refuses to invest under India’s EV Policy, opts for importing cars
BYD has shelved plans to set up a car factory in India, choosing an import-only strategy under the new EV policy. Despite the hefty customs duty on imports, the company plans to boost sales by 40% this year.
BYD Considers EV Plant in India but Stalls Over Tough Investment Regulations for Chinese Firms
Chinas top electric vehicle maker, BYD, is eyeing a significant investment in Indias rapidly growing EV market, though its plans depend on changes in the countrys stringent regulations on Chinese investments.
China's BYD wants to build cars in India, but has no 'direct' signal of investment rules easing
China's BYD wants to make cars in India but has received no "direct" signal from New Delhi on a possible easing of stringent investment rules for Chinese businesses, a top executive said, as the automaker seeks to expand in a fast-growing market.
BYD's $1 billion EV investment plan in India awaits approval
However, it has not received any clear signal from the Indian government, on a possible relaxation of strict investment rules for Chinese companies. This was revealed by Rajeev Chauhan, chief of BYD's passenger EV business in India.
BYD opts out of India's EV policy perks, prioritising market exploration and homologation strategy
Under the policy, the approved applicants will have to set up manufacturing facilities in India with a minimum investment of Rs 4,150 crore ($500 million) for the manufacturing of e-4W (electric four-wheelers) and provide a bank guarantee.
BYD hopes for ease in investment rules as it aims to build cars in India
BYD, in partnership with a local firm, submitted a $1 billion investment proposal last year to build electric vehicles in India. But New Delhi is yet to approve the plan
11h
on MSN
Chinese electric carmaker BYD sees EV Mexico sales ramping up to 100,000 in 2025
Chinese electric automaker BYD expects to sell 50,000 electric vehicles (EVs) in Mexico this year, and then 100,000 in 2025, ...
Automotive News
7h
BYD targets 100,000 EV sales in Mexico in 2025
MEXICO CITY -- Chinese electric automaker BYD expects to sell 50,000 electric vehicles in Mexico this year, and then 100,000 ...
Latest on SAYS
10h
BYD Becomes Best-Selling EV Brand In Malaysia After Selling Over 10,000 Cars
BYD is now the largest electric vehicle (EV) seller in Malaysia after selling more than 10,000 EVs The Chinese EV powerhouse ...
Soya Cincau on MSN
6h
BYD’s premium sub-brand Denza is coming to Malaysia with Sime Darby as official importer, BYD as distributor
Another Chinese EV brand is coming. BYD says it aims to provide Malaysians a more diverse, innovative and premium EV ...
16h
on MSN
BYD to skip India's EV imports sops, says India's China stance improving, but ‘slowly’
BYD says it will wait for a more favourable ecosystem before committing to any large-scale manufacturing initiatives in India ...
7h
on MSN
BYD to rely on imports, beat FDI checks
BYD, after its $1-billion investment proposal was rejected by the Indian government, opts for an import-only strategy under ...
ET Auto
1h
Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute
The European Commission said it had dismissed minimum price offers from EV makers in China a month ago as part of an ...
4h
on MSN
Not applying for benefits under EV policy: BYD
Chinese electric vehicle (EV) giant BYD said on Tuesday that they are not applying for benefits under the new EV policy which ...
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