India's JSW Group plans to invest $5 billion in electric vehicle industry by 2030

Sajjan Jindal, chairman of India's JSW Group, said that it will cooperate with SAIC to invest $5 billion in the development of the electric vehicle industry by 2030 and reduce costs by increasing local procurement. In addition, JSW will also build a battery production plant in Odisha, eastern India, to create a complete electric vehicle industry chain.