Page 25 - Megha Engineering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chinese EV manufacturer BYD has reportedly told its joint-venture partner in India that it plans to drop its proposed $1bn investment to build electric cars in the country. The move follows alleged security concerns about investment from the Chinese company, which were raised by Indian govt officials from Indian ministries, including finance and external affairs. It is not yet clear whether BYD has formally withdrawn its proposal from government review or whether it could have second thoughts about the investment.

-- BYD has told its India joint-venture partner that it wishes to drop plans for a $1-billion electric-car investment, after their proposal faced scrutiny from New Delhi officials, Reuters reports,...

China-based BYD has shelved its plan to invest US$ 1 billion in India. The carmaker has reportedly informed its joint-venture partner about its decision to pull out of the deal.

Zoji La Tunnel, which is said to establish all-weather connectivity between the Union Territories of Ladakh and Jammu and Kashmir, is expected to be completed by December 2030, an army official said on Thursday.

Government has reportedly rejected BYD's plan to invest $1bn in India to produce EVs. - Overdrive