Major news outlets and public figures amplified an unverified investment report?

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Checked 8 Oct 2026 · Updated 9 Oct 2026

Reports of BYD's $10 billion investment did originate from unverified sources and were widely published before BYD's denial. Whether every major outlet ran it solely based on one blog is unverified.

Main source: Republic

Nobody reliable has confirmed this. Reel by @simplified.mu

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@simplified.mu

How one analyst spotted a fake $10 billion headline before the company denied it. Jayant Mundhra delivered a keynote at Marwadi University on how to read IPO…

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🚩 What's concerning

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Republic Business published reports of a $10 billion BYD investment while noting it could not independently verify the development, which BYD later officially denied as untrue.

"Republic Business could not independently verify the development from BYD on its investment plans in India." Republic, 2025-03-29

What we checked

✓

Chinese car maker BYD was going to invest $10 billion in India, as reported by every news outlet last year.Republic

BYD management issued a press release four days later stating they were not making any such investment.Said in the full video; no news source checks it as fact.

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