-- BYD has told its India joint-venture partner that it wishes to drop plans for a $1-billion electric-car investment, after their proposal faced scrutiny from New Delhi officials, Reuters reports, citing unnamed sources.

-- Indian officials have brought up security concerns about the plan to build EVs in India, submitted in April by BYD and its partner Megha Engineering and Infrastructures, according to Reuters.

-- BYD executives last week told Megha Engineering it wanted to pull out of the investment, Reuters reports.


Full story: http://bit.ly/3QarzaG


Write to Yifan Wang at yifan.wang@wsj.com


(END) Dow Jones Newswires

07-28-23 0637ET