{"id":1682943,"date":"2022-10-11T07:57:56","date_gmt":"2022-10-11T11:57:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682943"},"modified":"2022-10-11T07:58:12","modified_gmt":"2022-10-11T11:58:12","slug":"byd-enters-indias-passenger-car-market-amid-global-push","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/byd-enters-indias-passenger-car-market-amid-global-push\/","title":{"rendered":"BYD enters India\u2019s passenger car market amid global push"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbyd-enters-indias-passenger-car-market-amid-global-push%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1682943&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Aditi Shah<\/p>\n<p>NEW DELHI (Reuters) -Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>BYD, which already sells electric buses and electric vehicles (EVs) for corporate fleets in India, launched the Atto 3 electric SUV, fitted with BYD\u2019s renowned Blade battery technology, in the world\u2019s fourth-largest car market where Tata Motors dominates electric car sales. <\/p>\n<p>\u201cWe intend to sell 15,000 units of BYD-Atto 3 in India over the next year and plan to set up a local manufacturing facility in due course,\u201d BYD India Executive Director Ketsu Zhang said in a statement, adding that the company had invested more than $200 million in India.<\/p>\n<p>The move comes amid a wider global push by the Chinese carmaker which has already started selling electric cars and plug-in electric hybrids in markets around the world, including Norway, New Zealand, Singapore, Brazil, Costa Rica and Colombia.<\/p>\n<p>Earlier this year, BYD said it would start selling its passenger EVs in Japan from 2023 and also has plans to set up a facility in Thailand \u2013 its latest among 30 others in the United States, Brazil and India \u2013 to produce 150,000 cars a year from 2024. It launched the Atto 3 electric SUV in Thailand on Monday. <\/p>\n<p>BYD\u2019s push into India also comes at a time when the South Asian country continues to maintain tight scrutiny of investments coming from bordering nations, including China. <\/p>\n<p>Strict controls on such incoming investments forced Chinese carmaker Great Wall Motor to shelve plans to invest $1 billion in India earlier this year, after it failed to obtain regulatory approvals.<\/p>\n<p>BYD has two manufacturing plants in India, spread over 140,000 square metres with more than 3,000 employees, Zhang said. It would not need to bring in new investments to assemble and sell the Atto 3, a source familiar with the company\u2019s plans said. <\/p>\n<p>The Shenzhen-based auto and battery producer, which includes Buffett\u2019s Berkshire Hathaway as an investor, entered India in 2007 producing batteries and components for mobile phone makers from its plant near the southern city of Chennai. <\/p>\n<p>In 2013 it started building buses in the country with a local Indian partner and in 2021 it launched its e6 EV for sale to corporate fleet operators and owners. <\/p>\n<p> (Reporting by Aditi Shah; Additional reporting by Zoey Zhang in Shanghai; Editing by Jacqueline Wong)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/byd-enters-indias-passenger\/attachment\/byds-atto-3-electric-suv-car-is-displayed-during-its\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0M1-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0M1-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/byd-enters-indias-passenger\/attachment\/woman-walks-past-a-byd-sign-at-the-second-media\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0C9-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0C9-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Aditi Shah NEW DELHI (Reuters) -Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1682943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1682943"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1682943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1682943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1682943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1682943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}