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After pushing into Europe with their electric cars, Chinese manufacturers such as BYD Co. are expected to target another piece of the market: big rigs.
The Swedish manufacturer is setting up its own plant in China to benefit from growth in the world’s biggest truck market.
Chinese EVs In India: As the EVs are getting greater focus in the country, the auto component imports from China may increase further because it has a greater hold over the EV components' global supply chain.
As per the report, the automobile industry in India contributes 7.1 per cent to the country’s GDP, up from 2.8 per cent in 1992-93.
As the EVs are getting greater focus in the country, the auto component imports from China may increase further because it has a greater hold over the EV components' global supply chain.