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India Blocks $1 Billion Bid By China’s BYD to Set Up EV Factory
Aggregated Source: ChinaLegalBlog.com

(Bloomberg) — India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter.

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The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering and Infrastructures Ltd.…

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