China Yinlong New Energy plans to build electric vehicle manufacturing plant in India

[Global Science and Technology Report] According to the Indian Livemint.com report on July 5th, China's lithium-ion battery maker Zhuhai Yinlong New Energy Co., Ltd. plans to build an electric vehicle manufacturing plant in Punjab, northwest India.

After Punjab Chief Minister Amarinder Singh met with Alex Li, CEO of Zhuhai Yinlong New Energy Co., Ltd. in India, the Chief Minister's Office mentioned in a statement on July 3 that “China’s publicly-owned company Yinlong plans to launch a pilot project. The company will operate electric cars and buses in Amritsar, and will also start in the cities of Jalandhar and Ludhiana, and plan to establish an electric car manufacturing plant here."

The Central Government of India is working hard to promote this ambitious plan - a large-scale shift to electric vehicles in 2023, when the private cars and commercial vehicles on the Indian Road will be driven by electricity. The plan to explore the purchase of electric vehicles in batches, leasing to taxi companies, and reducing the cost of such vehicles is also part of the plan. (Internship compilation: Sun Ruiyu review: Li Zongze)

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