India Blocks $1 Billion Bid By China’s BYD to Set Up EV Factory
India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter. The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering…
Toyota Recalls 12,000+ EVs Developed With Warren Buffett-backed BYD In China
BYD, the China electric vehicle and battery leader backed by Warren Buffett’s Berkshire Hathaway, said on Sunday sales of new energy vehicles nearly doubled in June from a year earlier to 253,046 from 134,036 a year earlier, underscoring the popularity…
Olectra Greentech’s Partnership With BYD Motors And Megha Engineering in India Rejected
Olectra Greentech, a unit of MEIL, has been working with Chinese electric vehicle giant BYD Motors to develop electric buses. However, the Indian government has rejected a plan by BYD Motors and Megha Engineering and Infrastructures Ltd (MEIL) to set…
Govt Rejects Chinese BYD Motors’ Plan To Build $1 bn EV Plant
As the government gears up to welcome Elon Musk’s Tesla to set up a supply chain ecosystem in the country in the foreseeable future, the Centre has reportedly rejected Chinese electric vehicle (EV) giant BYD Motors’ plan to set up…
China’s Denza to Add New Models in Global Expansion
Denza, the Chinese brand operated jointly by BYD and Mercedes-Benz, reaffirms its global expansion plans with the confirmation of five more new production models at the unveiling of its T8 SUV. Established in 2010, the Shenzhen, China-based company plans to…
$1 Billion Factory In India, Sodium-Ion Batteries In China
Tesla announced it plans to construct a manufacturing plant in India which will produce a car that sells for under $25,000. And why not? India is the largest country in the world by population and has the fourth largest new car market….
Tesla And BYD Both Seeking To Make Affordable EVs In India
India is the world’s third-largest new-car market, after China and the U.S., and the two leading EV makers are looking to tap it with affordable models. Tesla is discussing an investment deal with the Indian government that would see the…
BYD Plans $1 bln India EV Investment
Reuters sources say the world’s biggest maker of EVs and hybrids has submitted a $1 billion investment proposal to regulators. They say it wants to build electric cars and batteries there. That would be in conjunction with local firm Megha…
Chinese EVs Charged Up To Threaten U.S., European Automakers On Home Turfs
Chinese electric car companies are growing, and they’re preparing to challenge legacy automakers in the United States and Europe on their home turfs. The growth bid by such Chinese EV players as BYD Co. Ltd. is shaping conversations among policymakers…
Sales surge for three emerging Chinese Tesla competitors as BYD takes the lead.
Hong Kong, not only China-based BYD, which is now a formidable electric car-maker, but three other Tesla rivals have also seen their sales surge in June in China as demand for EVs comes back on track. According to a report in the South China…
