BYD's $1 Billion Bet on India's EV Future | | #1 NEWS SOURCE FOR PEOPLE OF COLOR ON EARTH !!!!!
BYD, the largest manufacturer of electric vehicles in China, has proposed investing $1 billion in India in order to produce electric vehicles and batteries there. Megha Engineering and Infrastructures of Hyderabad, India, and BYD have formed an electric vehicle (EV) joint venture. If the investment goes through, BYD will be able to increase its global presence and compete in all of the world's major auto markets outside of the United States. In an effort to catch up to Tesla, the market leader in EV sales, BYD is rapidly expanding around the world. The company has become the largest manuf...