China's BYD tells MEIL it wants to drop EV investment plan: Report

China's BYD told its Hyderabad-based partner, Megha Engineering and Infrastructures Limited (MEIL), it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from the Centre, Reuters reported. The unwillingness is due to Centre's stand to keep Chinese entities out of India over security concerns, according to a Times of India report.