Foreign media: In 2024, overseas investments by Chinese electric vehicle industry-related companies have exceeded domestic investments for the first time.
According to a report from a research company, Chinese companies invested about $1.6 billion overseas last year, mainly for battery production, slightly higher than the domestic $1.5 billion.
This shift stems from overcapacity in the domestic market and long-term price wars squeezing profits. Companies are accelerating global expansion to avoid high tariffs in Europe and the United States and to meet foreign customers' demand for localized production. This reflects the saturation of the Chinese market and the strategic appeal of overseas expansion for higher returns.
Original article: www.toutiao.com/article/1840958843462739/
Statement: This article represents the views of the author.