China invests $143 billion to rewire the global EV industry

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Chinese electric-vehicle companies have invested big bucks over the past decade to establish their global supremacy.

Companies such as CATL and BYD, among others, poured $143 billion into foreign EV and battery ventures between 2014 and 2025, according to data from independent research provider Rhodium Group. With Western trade barriers forcing Chinese companies to rethink their approach to global expansion, in 2024, for the first time, they spent more on building the EV supply chain…



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China invests $143 billion to rewire the global EV industry


Chinese electric-vehicle companies have invested big bucks over the past decade to establish their global supremacy.

Companies such as CATL and BYD, among others, poured $143 billion into foreign EV and battery ventures between 2014 and 2025, according to data from independent research provider Rhodium Group. With Western trade barriers forcing Chinese companies to rethink their approach to global expansion, in 2024, for the first time, they spent more on building the EV supply chain…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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