China’s Zhuhai Yinlong New Energy Ltd. plans to set up an electric vehicle manufacturing plant in Punjab, attracted by India’s plan to switch to electric vehicles by 2030.
The first such manufacturing unit by an overseas firm in India comes amid plans to run electric cars and buses in Amritsar, followed by Jalandhar and Ludhiana. Zhuhai Yinlong New Energy manufactures lithium-ion batteries.
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