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Zenger
World
Arpit Nayak

Chinese EV Maker BYD Sets Sights On India With $1 Billion Proposal

BYD India Tesla Inc. Berkshire Hathaway
The BYD HAN EV full electric sedan on display at Brussels Expo on Jan. 13, 2023. BYD has submitted a $1 billion investment proposal to build electric cars and batteries in India through a joint venture with a local engineering company. (Sjoerd van der Wal/Getty Images)

China’s biggest EV maker BYD Co Ltd (OTC: BYDDY) (OTC: BYDDF), backed by Warren Buffett‘s Berkshire Hathaway (NYSE: BRKA), has submitted a $1 billion investment proposal to build electric cars and batteries in India through a joint venture with a local engineering company.

The longer-term plan includes manufacturing a full range of BYD-branded EVs in India, from hatchbacks to luxury models, sources told Reuters.

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