Ann: BHEL and LIBCOIN plan to build India's first gigafactory, page-13

Since Marc Vogts became managing director, there seems to be less frivolous announcements (the above seems to be in response to the central govt press release).

As anf0 mentioned, the factories are just announcements until there is some hard cash laid out, and in fact NY is going to be a liability from a PR perspective unless they find a way to fund it. As for India, you'd be lucky not to lose your shirt there especially with a state owned enterprise which is the not an ideal partner and very diff from a SOE in China.

The only announcement that will be value additive will be on Nachu and an update has to be delivered in the next 6-8 weeks, else it's time for another round of fund raising to keep the directors and executive paid for another 6 months with no tangible progress anywhere.