A company bigger than Tesla..!? A huge success for Telangana..!?
There has been a heated debate over the establishment of a tesla car plant in the country for some time now. Many states are competing to bring this ambitious project to their state. Some states are even ready to give huge subsidies to Tesla. However, telangana has moved forward with a different strategy in this regard. It would be happy if tesla came, but even if it does not, it aims to bring a company bigger than it to the state. Now that effort has paid off. The Chinese company BYD, which has surpassed tesla in the production and sales of electric vehicles in the world, has decided to set up a huge plant in Telangana.
BYD is looking at three areas on the outskirts of hyderabad to set up its plant in Telangana. The encouraging EV policy implemented by the telangana government and the state-of-the-art infrastructure here has attracted BYD. For this reason, BYD is ready to build a huge mega factory on the outskirts of Hyderabad. The company will now sign official agreements with the telangana government as soon as it makes a final decision on where to set up the plant in those three areas.
However, when it comes to market capitalization, tesla is still far ahead. Due to Tesla's strong hold in the US market, Tesla's value in the share market there is very high. Currently, Tesla's market cap is around $ 500 billion. But BYD's market cap is around $ 100 billion. Although tesla is ahead in this regard, it is noteworthy that BYD has surpassed tesla in terms of production and sales.
In short, it is a great thing that telangana State has succeeded in bringing a BYD company, which is bigger than tesla, to its state. This will contribute to the economic development of telangana State and more investments in the industrial sector. Moreover, telangana has the potential to grow as an important center in the manufacturing of electric vehicles. There is no doubt that with the arrival of a giant company like BYD, telangana State will stand as an ideal state in the country.
There has been a heated debate over the establishment of a tesla car plant in the country for some time now. Many states are competing to bring this ambitious project to their state. Some states are even ready to give huge subsidies to Tesla. However, telangana has moved forward with a different strategy in this regard. It would be happy if tesla came, but even if it does not, it aims to bring a company bigger than it to the state. Now that effort has paid off. The Chinese company BYD, which has surpassed tesla in the production and sales of electric vehicles in the world, has decided to set up a huge plant in Telangana.
BYD is looking at three areas on the outskirts of hyderabad to set up its plant in Telangana. The encouraging EV policy implemented by the telangana government and the state-of-the-art infrastructure here has attracted BYD. For this reason, BYD is ready to build a huge mega factory on the outskirts of Hyderabad. The company will now sign official agreements with the telangana government as soon as it makes a final decision on where to set up the plant in those three areas.
However, when it comes to market capitalization, tesla is still far ahead. Due to Tesla's strong hold in the US market, Tesla's value in the share market there is very high. Currently, Tesla's market cap is around $ 500 billion. But BYD's market cap is around $ 100 billion. Although tesla is ahead in this regard, it is noteworthy that BYD has surpassed tesla in terms of production and sales.
In short, it is a great thing that telangana State has succeeded in bringing a BYD company, which is bigger than tesla, to its state. This will contribute to the economic development of telangana State and more investments in the industrial sector. Moreover, telangana has the potential to grow as an important center in the manufacturing of electric vehicles. There is no doubt that with the arrival of a giant company like BYD, telangana State will stand as an ideal state in the country.