BYD was also planning to establish a charging network in India to complement the new SUV-focused plant car auto cars
government changed its foreign direct investment policy in April 2020 meaning that government approval is now needed for investments coming from countries that it shares a land border with.
While BYD will no doubt be disappointed with the decision, it is still thriving with its current focus on Chinese car production and sales. Earlier this month it was revealed that BYD had sold 1,255,637 plug-in hybrid andin the first half of 2023, representing a significant 95.78% increase from the previous year. It had a particularly strong second quarter with sales totaling 700,244, of which 352,162 were battery-electric vehicles while the remaining 348,081 were plug-in hybrids.
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