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BYD Officially Denies $10 Billion EV Investment in India

  • BYD officially denies claims of a $10 billion EV investment in India and calls recent media reports "inaccurate".
  • Reports of negotiations with the Telangana government for land near Hyderabad have been clarified as not finalized.
  • The company dismisses the reports as "untrue" and states that no agreement or investment decision has been made.
  • BYD's plans in India face challenges due to heightened scrutiny of Chinese investments and the unpredictable regulatory environment.

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