Those who know a little about electric cars will hear the name of the Chinese company byd or Build Your Dreams. The company is challenging popular US brands like Tesla in the world market. Their electric cars are also available in India. However, the number is limited, which is the BYD decided to invest a huge investment this time.
Once again, Kolkata is a brat. The Chinese company will build a factory by investing Tk 1.5 crore in Nizam's city Hyderabad. The factory will be built on 5 acres of land. The goal is to produce 1 lakh electric cars by 2022. Needless to say, the company's plan can also create employment for many people.
According to sources, the company first started searching for land in Telangana. However, it is known that they are probably going to choose Hyderabad as the final place. Contextually, the announcement of this huge investment before Tesla's arrival in India is considered to be very important in the context of China.
It is reported that the battery production unit will have the capacity of 20 GHz. A factory with such a power, will help reduce the cost of sensitive electric cars in the market like India and strengthen the land. Experts say Hyderabad can become an important center for the production of electric vehicles in the coming days when the factory's production process and operations begin.
In the meantime, the state government has launched a new electric vehicle policy with a significant incentive to encourage electric vehicles. Where all types of electric vehicles have been given complete discounts from road tax and registration fees. This facility will be available till December 1, 2020.
