BYD Co. is weighing options to expand in India, including some form of local assembly, to meet surging demand for its electric vehicles, Bloomberg News reported.

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Li Auto and Nio warned of a potential slowdown in deliveries as China reduces long-standing tax breaks and subsidies that have fueled the EV sector’s rapid expansion.

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BYD Co is preparing to expand into India after five years of managing operations remotely, Bloomberg reported.

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