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  Investment is blocked! BYD may suspend plant construction in India

  BYD will shelve plans to invest $1 billion in an electric car plant in India and has told its Indian joint venture partner that the investment proposal faces scrutiny by the Indian government, according to media reports. It is understood that BYD executives told India's Megha Engineering Company last week that BYD hopes to withdraw from the investment.

  India Market Biya Automobile Investment Government Company data Tex Indian Government Tesla growth Factory Industry sales 2023-07-29
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  Hyundai Motor agrees to acquire General Motors Plant in India

  On Aug. 16, according to media reports, South Korean carmaker Hyundai Motors reached an agreement with US auto giant General Motors to acquire GM plants in India. It is understood that Hyundai has signed an agreement to acquire General Motors through its wholly-owned subsidiary Hyundai Motor India Co., Ltd.

  Cars India factories markets sales electric government electric cars manufacturing production companies manufacturers data subsidiaries limited 2023-08-17
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  The media reported that investment was suspended due to the border conflict, Great Wall Motor: no message was received.

  Great Wall has previously expanded overseas investment to India under plans by domestic carmakers to increase overseas investment, but as the border standoff between China and India heats up, it is rumored that the Indian government has suspended three investments from China.

  Great Wall Motor 2020-06-23
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  The latest development of Ford's severance plant, employees receive 62 months' salary

  According to print media reports such as NDTV in New Delhi, Ford Motor India reached a severance compensation agreement with workers at its factory in Tamil Nadu, India, after it announced the closure of its Indian plant last year, with each employee receiving an average salary of 62 months. According to the report, Balasu, the transformation officer of Ford India,

  India Automobile Ford Market employee Factory Great Wall Business sales growth Investment payment payroll Company Branch 2022-10-02
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  Car companies such as Tesla and BYD are interested in building a super lithium-ion battery factory in India.

  It is reported that although Tesla has not yet entered the Indian car market, he intends to set up a battery factory in India. In addition, the BYD and Ningde times have also shown a lot of interest in building factories in India. The Indian government plans to build six large factories that can produce thousands of megawatts of lithium-ion batteries a year, just like Tesla's No. 1 super factory in Nevada. Battery capacity per gigawatt hour can power 1 million homes for an hour, or power about 30, 000 electric vehicles. To reduce dependence on overseas crude oil, save money, and control urban pollution, India plans to invest 50. 5%.

  Factory Tesla BYD 2019-08-20
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  Without approval, Great Wall's plan to buy GM's factory in Indonesia fell through.

  Great Wall officially ended its acquisition of GM's plant, the Talegaon, after two delays. On July 1, Great Wall said that the transaction period for the agreement signed between GM and GM to buy GM's plant in Tarigang, India, expired, although it maintained communication and consultation with the Indian government on the project.

  Cars Great Wall India factories markets both sides sales Tarim sales Global Brazil Thailand transactions important one 2022-07-03
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  SAIC clarifies "Indian company loses control"

  On the evening of June 26th, SAIC official WeChat issued a "clarification on the recent false reports about SAIC MG India", which showed that there were recent media reports that "SAIC MG India had been forcibly acquired shares at a low price and lost control", which seriously deviated from the facts. June twenty _ second

  India Group Automobile Company SAIC Market Mingjue sales growth Brand Limited Co. Ltd. shares China country 2023-06-27
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  ​ BYD India re-build factory? Official response: true

  BYD is accelerating its expansion around the world. The relevant official of BYD revealed that BYD India has considered building a second factory in India and will announce the relevant news in due course. The day before that, BYD had announced its entry into the Indian passenger car market. On October 12, BYD held its products in New Delhi, India.

  India Market Automobile Biya Factory car use growth sales Group Great Wall Global New Energy China production one 2022-10-13
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  India is trying to give Tesla lower production costs, dare to buy it?

  ​ due to the short development time of new energy vehicles, reducing car manufacturing costs is what all automobile companies hope to achieve. Recently, the Indian government intends to provide more preferential policies in order to realize Tesla's entry into the Indian market as soon as possible and promote the overall development of the region.

  Tesla 2021-03-03
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  MG India may be acquired and SAIC will lose its controlling stake

  India's Jindal Southwest (JSW) is trying to acquire a stake in Mingjue Motor India Co., Ltd. (MG Motor India), the Hindustan Times reported. According to reports, JSW Group will hold SAIC MG India.

  India Company Automobile Market Group China growth Enterprise Mingjue Brand Limited Limited share Factory sales 2023-06-24
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  Or third in the world! Annual sales in India surpass those in Japan

  Data show that in 2021, the Chinese market ranked first in the world with sales of 26.27 million vehicles, making it the largest market in the world, followed by the United States with 15.4 million vehicles, and the Japanese market ranked third with 4.44 million. It should be noted that although Japan ranked third, but the sales performance

  India Market Automobile sales New car Japan Biya Ford Global data growth China sales population share 2023-01-07
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  Car sales in India plummeted in August, and 330000 people lost their jobs when car companies stopped production.

  The Indian car market is almost a cake in the eyes of global automakers, thanks to the surging middle class in the most populous country. However, according to data released by the Association of Indian Automobile Manufacturers, Indian car market sales have declined in October. Its passenger car sales plunged 41% in August from a year earlier, selling only 115000 vehicles. Sales of Maruti Suzuki, India's largest carmaker, fell 36 per cent in August from a year earlier to just 93000 vehicles, according to the data. Hyundai sales fell 16.6% year-on-year, Honda sales fell 51%, Toyota sales fell 24.1% year-on-year, while local Tata.

  Car sales volume 2019-09-13
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  Great change! New car sales in India surpass Japan for the first time

  The pattern of the global car market is changing. According to the latest Kyodo news agency, according to the Association of Indian Automobile Manufacturers, car sales in India were 4.725472 million in 2022, an increase of 25.7 percent over the same period last year, surpassing Japan for the first time to become the world's third largest car market after China and the United States. As a contrast

  India Market cars sales Japan growth Global New cars cars Biya China reasons data Ford sales 2023-01-15
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  Heavy! It is revealed that India's JSW will cooperate with Zero.

  With the rapid development of new energy vehicles, more and more multinational enterprises have thrown an olive branch to the new power of domestic car-building. In the past, Volkswagen and Xiaopeng Motor reached a framework agreement on technical cooperation, increasing the capital of Xiaopeng Motor by about 700 million US dollars. Later, Audi and SAIC will jointly develop electric intelligence exclusive to the Chinese market.

  Automobile India Technology Cooperation Group Electric sales Electric vehicle Enterprise News Company China Power Market Manufacturing 2023-09-01
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  The global car market hit rock bottom in April, and the Chinese market recovered significantly.

  The auto market shrouded by ​ COVID-19 has seen signs of a sharp decline since the first quarter of this year, and according to the latest April new car sales data released by various countries, the global car market almost without exception has declined, and sales in many countries have even hit bottom.

  Car market 2020-05-19
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  Great Wall Motor won the production right of "one country" again, and the new factory will reach 80,000 at the beginning of the year.

  Since Great Wall launched the strategic goal of the global market, it has wantonly accelerated its plans to invest in factories around the world. Following the completion of Great Wall's first wholly-owned overseas manufacturing plant last year, it has been reported that Great Wall will sign a formal equity acquisition agreement with General Motors in Bangkok, Thailand.

  Great Wall Motor 2020-10-01
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  It is revealed that Tesla will enter Thailand and build a factory as soon as this year.

  Given the huge population base and the low permeability of electric vehicles, the huge development potential of the Indian electric vehicle market attracts Tesla. However, due to the failure to obtain lower import duties, Tesla has shelved plans to sell electric cars in India, abandoned efforts to find showrooms, and re-established for some local teams

  Cars Tex Tesla Thailand Electric vehicles Electric Market Indonesia Media factories India sales Giant charging stations companies 2022-05-27
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  Global Automobile Market performance in March and first quarter in 2020

  COVID-19 has undoubtedly had a great impact on the global market. He thought that in the face of the impact of the epidemic since February, China's auto market had declined by 80 per cent, which was already the biggest decline in the global auto market. However, as the epidemic has gradually spread to overseas regions, it has dealt a heavy blow to many overseas countries, with the Italian auto market falling as much as 85 per cent. According to the latest global auto market statistics in March and the first quarter, in addition to the nearly 50% decline in the Chinese market, the Indian market in Asia also declined by more than 50% in March this year. Japan and South Korea were relatively flat in March; Russia alone.

  Automobile 2020-04-13
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  BYD may acquire former Ford plant in Brazil

  BYD is going to make a big move in overseas markets again. On Nov. 18, BYD is in talks with the Brazilian state government of Bahia to buy a plant that Ford stopped operating in January 2021, according to media reports such as Bloomberg and the Financial Associated Press. In response to this news, a few days ago, Wang Chuanfu, chairman and president of BYD,

  Biya Brazil factories markets growth exports new energy cars models layout cars projects production Ford more 2022-11-19
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  The global auto market is declining and is expected to recover in the second half of the year.

  With the influence of market economy, the global automobile market is also declining rapidly. According to relevant media reports, sales data for the world's major auto markets were obtained. According to the data report, car sales in China, the United States, Europe (major countries), India and Japan totaled about 16 million vehicles in the second quarter, down 13% from a year earlier, setting a record decline in single-quarter sales. Among them, new car sales in China, the world's largest car market, and India, the fourth largest car market, fell by double digits from April to June compared with the same period last year. China's auto market sold 5.94 million vehicles in the second quarter of 2019, down 13.5% from a year earlier.

  Cars global decline. 2019-07-15