Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Trump Signs Executive Order to Establish National AI Regulation Standard 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
China’s top electric vehicle maker, BYD, is eyeing a significant investment in India's rapidly growing EV market, though its plans depend on changes in the country's stringent regulations on Chinese investments.
BYD Eyes Expansion into India's Booming EV Market
BYD, the leading EV manufacturer in China, is thinking about putting money into the Indian market. According to Teslarati, though, the Chinese EV manufacturer is holding off until the Indian government relaxes its stringent regulations on Chinese investment.
“The ambition is always there, but you need a lot of other things. (We) don’t have any direct signal. We do hope things will become a little better. That is the time we would definitely like to think a little more on this subject,” stated Rajeev Chauhan, Head of Passenger EVS in India for BYD.
Investment Hurdles for Chinese Firms in India
Great Wall Motor, a rival of BYD's, has delayed plans to invest $1 billion in the world's third-largest automobile market because of India's strict investment regulations on Chinese enterprises. Presently, BYD imports and sells two electric vehicles (EVs) in India: the Seal sedan and the Atto 3 SUV. Up until this point, the leading Chinese carmaker has spent $200 million in India. India is a fast-growing market for automobiles, thus it plans to increase its investment there.
“There are a lot of players in the mass segment and quite a few players in the luxury segment. The premium segment, that’s where we are trying to reach and position. This is a space where we feel we belong, our cars belong,” Chauhan said to Reuters.
BYD Faces Regulatory Warnings Amid Global Expansion Plans
Despite warnings from China's Ministry of Commerce, BYD intends to invest in India nevertheless. The Indian government warned Chinese car companies BYD, SAIC, and GEELY not to invest in the country in July. Investments in Turkey and Russia were also heavily discouraged.
Not only that, but BYD is also considering constructing a plant in Mexico. According to reports, the corporation is also planning to join the Canadian auto market, even though the country imposes a 100% duty on Chinese electric vehicle imports.
