Chinese electric vehicle behemoth BYD is building a massive production base close to Hyderabad, Telangana with an investment of $ 10 billion in India.

The project will house a 20 GWh battery plant and is expected to generate 600,000 EVs yearly by 2032.

A report from the Telugu daily Eenadu noted that the Telangana government has assured the company that it will provide all kinds of support, including allocating the necessary land for this project.

The report further claimed that the Telangana government has proposed three locations near Hyderabad for BYD to set up a unit. If an agreement is reached, it will secure the largest private sector investment in the EV sector, along with potential units for EV car parts, creating an electric vehicle cluster near the city.

Meanwhile, BYD has a long-standing technical partnership with Olectra Greentech, a MEIL Group company based in Hyderabad, which produces electric buses using BYD technology and supplies them across the country.

Though BYD had been aiming to set up a plant in India, the Union government’s restrictions on Chinese investments had made it difficult.