Setback for Chinese Automobile Company's $1 bn investment! Modi Government Turns Down BYD's Partnership for EV Plant Due to this Reason

24 Jul 2023 | Abstracted from Times Now News

"In the proposed venture, BYD and Megha Engineering aimed to manufacture 10,000-15,000 electric cars annually in Hyderabad. While Megha Engineering was responsible for providing the capital, BYD was set to contribute technology and know-how for the facility."

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