India spends 2 billion on China BYD electric buses, BUT they are not happy? India has to pay the full cost before any delivery.
- Thread starter etylo
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It's time to get tough with back stabbers and cheaters on China that despise Chinese products as junk all the time. Xiaomi has experienced how India ripped their earnings and pushing their huge investment in jeopardy. Good decision by BYD.
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dbc
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Er..fact check fail…as usual
BYD is currently producing 2,000 NEV buses in India per year.
BYD plans to increase the production capacity for electric buses in India from currently 2,000 to 5,000 per year in cooperation with their partner Olectra.
BYD to boost electric bus production in India - electrive.com
www.electrive.com
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Xiaomi also produced their phones in India for the Indian market.Er..fact check fail…as usual
BYD is currently producing 2,000 NEV buses in India per year.
BYD plans to increase the production capacity for electric buses in India from currently 2,000 to 5,000 per year in cooperation with their partner Olectra.
BYD to boost electric bus production in India - electrive.com
What this is talking about is that BYD is taking payment first, instead of leaving money in India to be stolen.
Kind of like what Russia is doing with Gazprom payments from European countries after getting their money stolen.
So what in investment ? You are just dodging from content of the video, talking nonsense.Er..fact check fail…as usual
BYD is currently producing 2,000 NEV buses in India per year.
BYD plans to increase the production capacity for electric buses in India from currently 2,000 to 5,000 per year in cooperation with their partner Olectra.
BYD to boost electric bus production in India - electrive.com
dbc
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I bet you didn’t watch the video. The video says BYD China is refusing to supply 500 NEV buses for 2 Billion Yuan and is demanding payment upfront. Now why would India beg China for 500 NEV buses when 2,000 BYD NEV buses are made in India by Olectra, The Indian government can simply procure 500 buses from Olectra.
Heck the Indian’s can buy BYD buses from BYD US or BYD Hungary. They don’t have to deal with BYD China.
dbc
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Lol, in international trade, when there is no trust between the buyer and seller the seller will ether insist on a letter of credit issued from an international financial institution or will require an escrow. The payment issue is entirely de-risked through a trusted intermediary. There is no scenario in which the seller will decline an order because they are afraid of non-payment. There are ways to mitigate the risk, it happens everyday in international trade. Chinese supplier accept LOC from US, EU, Japanese, Russian banks every day.Pretending not to know how payment works now.
dbc
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BYD manufactures 2,000 buses in India each year. So why is BYD China even in the discussion, the Indian government can simply procure the buses from BYD India.
ProudThamizhan
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The video and the dimwits arguing based on that are silly. Here is proof to the contrary right from BYD website, that they have been succesfully operating in India for 15 years.
en.byd.com
BYD India Celebrates 15 Years of Successful Operations in India - Technological Innovations for a Better Life | BYD USA
CHENNAL, INDIA (3/7/2022) - BYD India, a subsidiary of the Warren Buffett-backed world’s leading new energy vehicle manufacturer BYD, celebrated 15 years of successful business operations in India. The globally renowned maker of pure electric vehicles, BYD, is known for bringing to India some of...
en.byd.com
Indian business men have the reputation of being cheaters.The video and the dimwits arguing based on that are silly. Here is proof to the contrary right from BYD website, that they have been succesfully operating in India for 15 years.
BYD India Celebrates 15 Years of Successful Operations in India - Technological Innovations for a Better Life | BYD USA
CHENNAL, INDIA (3/7/2022) - BYD India, a subsidiary of the Warren Buffett-backed world’s leading new energy vehicle manufacturer BYD, celebrated 15 years of successful business operations in India. The globally renowned maker of pure electric vehicles, BYD, is known for bringing to India some of...
VkdIndian
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These Chinese jokers keep coming up with new theories everyday. They keep quoting Xiaomi’s case regarding tax evasion as an example. They don’t even want to know about the case.
These jokers don’t realise that Xiaomi and few other Chinese companies would have left India if the conditions were really so bad for business. These companies, doing business of billions of USD know better then these clowns about the realities here.
Not their fault. CCP might have removed a part of their brain that gives critical thinking to a human being.
These jokers don’t realise that Xiaomi and few other Chinese companies would have left India if the conditions were really so bad for business. These companies, doing business of billions of USD know better then these clowns about the realities here.
Not their fault. CCP might have removed a part of their brain that gives critical thinking to a human being.
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Fool, there too many international companies hit block in the slum land and got bullied by the cheaters, troubled companies such Foxxcom, Wistron, Apple, Intel and Xiaomi are just few cases. La La land is no good for business investments is a fact.
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