#china #chinanews #india #pakistan #byd #electricvehicles
Speaking of India, the country's practices are sometimes really unpredictable, especially their attitude towards foreign investment, which is always unpredictable.
At the beginning, various preferential policies were overwhelming, successfully attracting many foreign companies that were still waiting. As a result, in 2023, BYD submitted an investment plan of up to US$1 billion to the Indian government, intending to cooperate with local Indian giants to establish a joint venture to produce new energy vehicles. Who would have thought that the Indian government actually rejected this huge investment.
What is even more surprising is that India now hopes that BYD can return to their market. But this time, BYD has made it clear that it will give up India and instead plan to build a factory in Karachi, Pakistan.
So why did BYD choose to give up India and invest in Pakistan instead?
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