The Ministry of Commerce cautioned Chinese automakers against investing in India and advised them to utilize overseas facilities for final assembly and exports.
Despite an attractive EV policy in India, Chinese companies like Leapmotor and BYD focus more on European expansion, navigating tariffs and local production.
Tesla's anticipated $3 billion investment in India remains on hold following Elon Musk's canceled meeting with PM Modi, highlighting ongoing strategic uncertainties.
Chinese automakers are exploring European markets due to tariffs on China-made EVs, with Leapmotor already producing in Poland through a partnership with Stellantis.
#chinese-automakers #investment-strategies #electric-vehicles #automotive-industry #global-expansion
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