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BRS working president said the development was a testament to the effectiveness of well-thought-out policies that rise above petty politics to deliver significant outcomes

Recently, BYD announced it was rolling out a superfast EV charging system that it says is nearly as quick as a fill up at the pumps

On Thursday, BRS Working President and former minister K.T. Rama Rao recalled that the Union government rejected a $1 billion factory proposal from Chinese automaker BYD in Telangana last year, citing security concerns.

As range anxiety eases and charging turns convenient, electric vehicles will no longer be just an alternative

The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers.

The ambitious plan was to invest a whopping Rs 8 thousand crore and manufacture 10 to 15 thousand vehicles annually in Hyderabad. However, the central government denied permission for this crucial investment.

The Unit was proposed to be set up with Rs 8,000 crore investment with a target of manufacturing of 10,000 to 15,000 electric vehicles annually. 

Xiaomi already has three manufacturing plants in India in partnership with Foxconn and Flex spread across Tamil Nadu and Andhra Pradesh.