US EditionChina’s EV industry is spending more on factories abroad than at home for the first time
- Chinese electric car companies are investing more in overseas factories than at home for the first time since 2014, as reported by a recent study.
- In 2024, the Chinese electric car industry's domestic investment dropped to $15 billion, down from $41 billion in 2023, according to the report.
- 74% of the announced overseas investment by Chinese electric car companies was in battery factories, as stated in the report.
- This shift shows a saturated Chinese market and the push for better returns abroad, driven by overcapacity and a price war.
23 Articles
23 Articles
China’s ZEV Industry Invests More Abroad Than at Home for First Time
News Analysis China’s zero-emission vehicle (ZEV) industry is accelerating its overseas investment push amid overcapacity at home, thin profit margins, and growing regulations in its largest overseas market, Europe. According to data compiled from China Cross Border Monitor (CBM) and Global Clean Investment Monitor (GCIM), in 2024, Chinese ZEV firms invested more funds abroad than at home to expand their operations—the first such shift. These ov…
China’s ZEV Industry Invests More Abroad Than at Home for First Time - The Thinking Conservative
China’s ZEV industry is accelerating its overseas investment push amid overcapacity at home, thin profit margins, and growing regulations Europe. The post China’s ZEV Industry Invests More Abroad Than at Home for First Time appeared first on The Thinking Conservative.
China's electricity companies increase their investment in foreign products, as the competition with Tesla and other global car manufacturers is intensified, reports CNBC. The supply chain in China of electric machines...
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