Core Viewpoint - Indian billionaire Sajjan Jindal emphasizes the reliance on Chinese technology for the development of electric vehicles due to insufficient R&D funding in India [1][2] Group 1: Company Insights - JSW Group is in discussions with several Chinese automakers to incorporate Chinese technology into its electric vehicle plans, aiming for a launch in June 2024 [1] - JSW Group has historically focused on sectors like ports, energy, and defense, and is now entering the electric vehicle market starting in 2023 [2] Group 2: Industry Challenges - India's R&D expenditure is only 0.66% of its GDP, significantly lower than China's 2.4% and the US's 3.5%, indicating a need for increased investment in innovation [2] - The primary obstacle for India's electric vehicle development is battery production, with the country relying heavily on imports from China, Japan, and South Korea; projections suggest that by 2030, domestic production will only meet 13% of demand [2]
印度富豪：中国技术进步，我们别无选择
Huan Qiu Shi Bao·2025-10-19 23:02