Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN EV Companies' Overseas Investment Tops Domestic for First Time: Survey
Recommend 33 Positive 54 Negative 11 |
||||
|
||||
|
A report from the U.S. consultancy Rhodium Group indicated that 2024 marked the first time that investment by China's electric vehicle (EV) supply chain overseas surpassed domestic investment since records began in 2014, foreign media reported. Among the announced overseas investments, 74% were allocated to battery factories, but investments in overseas assembly plants also skyrocketed. As regulatory pressures in markets such as the European Union continued to heighten, and as market entry barriers were further raised, more Chinese companies were expected to establish production lines locally, report said. Investment in China's domestic manufacturing industry for EVs was projected to tumble from USD41 billion in 2023 to USD15 billion in 2024. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
