China’s BYD designing new model for India
AFP | Dubai
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China’s BYD, the world’s top electric car-maker, is preparing a new model for India as it looks to continue its rapid growth overseas, executive vice president Stella Li said yesterday.
Engineers at BYD’s headquarters in Shenzhen, southern China, are working on the design, she said, although the launch date remains unclear.
“India is a market for us but we need to put more effort,” Li said at the World Governments Summit in Dubai.
BYD, which began life as a battery company, sold 2.26 million electric vehicles last year, overtaking Elon Musk’s Tesla as the world’s top manufacturer.
The Chinese company now plans to “introduce a different model fitted for India”, Li said, without giving further details. “My team is working on that, but there is still some work to do,” she said. She denied a report that BYD is planning a car assembly plant in India.
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