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India puts brakes on #China’s #BYD $1 bn electric vehicle plant project

https://t.co/W4Hhwzh3pi
ISMDU
🚨 China’s BYD seeks Indian government nod for $1 billion investment to build EVs, batteries in India. (Reuters)
Government rejects Chinese carmaker #BYD’s proposal to build $1 billion #EV plant in partnership with local company.
#BYD is poised to overtake #Tesla as world’s biggest seller of electric vehicles.
From Bloomberg | Chinese electric-vehicle maker #BYD has raised its annual sales forecast, purchases of plug-in #hybrid vehicles surge

#ElectricVehicle