"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said
The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres
Experts say latest data coming in from China pointed to the world’s biggest EV market recovering from a slump and getting “back on the fast-track"
The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”
New York-based Grizzly Research alleged that China EV manufacturer Nio used creative accounting to inflate its net income margins. Nio said on Thursday the claims had no merit and 'contained errors'.
GLy New Mobility Fund, a global mid-to-late-stage fund, said it made the investment in Vayyar Imaging, a 4D imaging radar-on-chip provider
Export volume from Shanghai is almost back to normal as carmakers prioritize them over domestic shipments.
China's electric vehicle makers are facing a perfect storm as Covid lockdowns add to rocketing input costs and the removal of some government subsidies.
Internal memo outlines plans to add more shifts to boost production to pre-lockdown levels even as suppliers struggle to provide parts.
Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist
The mine will supply a new lithium battery production and manufacturing base in Yichun, which CATL agreed to build with the local government last year