BYD tells India partner it wants to drop $1 billion EV investment plan-sources
after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said.
It was not immediately clear whether BYD could have second-thoughts, and as of Thursday BYD had not formally withdrawn the investment proposal from government review, the two officials with knowledge of the review said. India's finance, external affairs and home ministry did not reply to an email seeking comment. Megha Engineering did not respond to request to comment.
For instance, the proposal said voice-activated commands for apps would be available in Indian languages in BYD electric cars built in India and that all data from the vehicles would be housed in India, one of the people said.India began subjecting investment from China to closer scrutiny in 2020 amid a series of border clashes between the two countries.
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