BYD eyes $10b hyderabad ev hub

Word’s buzzing—Chinese electric vehicle titan BYD might drop Rs 85,000 crore, that’s $10 billion, into a massive manufacturing plant near Hyderabad, Telangana, aiming to crank out 600,000 cars a year by 2032. The Telangana government’s rolling out the red carpet, pitching three spots around the city, but BYD’s keeping mum—no official yes yet. This could be a game-changer, turning Hyderabad into an EV powerhouse.

The plant’s not just cars—picture a 20 GWh battery setup too, leveraging BYD’s edge over Tesla with its blade battery tech that promises longer range and tougher guts. After topping Tesla’s $97.7 billion with $107 billion in 2024 revenue, BYD’s got the cash and clout to shake up India’s EV scene—local builds could slash prices and rattle Tata Motors’ grip. The state’s EV policy, waiving road tax and fees till 2026, sweetens the deal.

But here’s the hitch— rewind to 2023, and the Union Government spiked a $1 billion BYD plan over security jitters tied to China. Now, with policy easing whispers and Telangana’s push, it’s a fresh shot—though still unconfirmed. If it lands, expect jobs, tech, and a greener grid, all while India watches this chess move in the global EV race.