Aug 22, 2025 06:23 PM (GMT+8) · EqualOcean
According to a report released by U.S. consulting firm Rhodium Group and cited by CNBC on August 18, Chinese electric vehicle (EV) supply chain companies invested approximately USD 16 billion overseas in 2024, surpassing domestic investment of USD 15 billion for the first time since records began in 2014. The report shows that 74% of overseas investment was concentrated in battery manufacturing, with major players such as CATL (宁德时代), Envision Group (远景集团), and Gotion High-Tech (国轩高科) establishing factories in Europe, Southeast Asia, and Latin America. Key projects include Huayou Cobalt (华友钴业) investing USD 2 billion in Indonesia, GAC Group (广汽集团) building a USD 1.3 billion factory in Brazil, BYD (比亚迪) acquiring Ford’s Bahia plant and rolling out its first locally produced vehicles, and Gr

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