Reported 12 months ago
FTNN News Network reported on July 1, 2024, that Taiwanese electrical and mechanical giant Dongfeng announced it has secured a major electric vehicle manufacturing order in India, with production set to begin in Q1 2025 spanning over 3 years. The order includes 5,000 electric bus direct drive power systems and 50,000 light commercial vehicle power systems. Dongfeng's move to tap into the Indian market comes as India aims to transition all 800,000 diesel engine buses to electric by 2030, potentially surpassing Japan as the world's fourth-largest economy. Dongfeng plans to focus on local production to expand market share and propel Taiwan's electric vehicle industry overseas.
Source: YAHOO