China · Tesla · Canada · Rest of World
Rhodium’s loose tallies of agreement announcements suggest Chinese firms have backed under $400 billion of private capital
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
And only $85 billion of Chinese clean-tech FDI projects have materialized in the past decade.
Key facts
- Even when FDI announcements surged to an average of $33 billion annually between 2022 and 2023, Chinese EV and battery players leaned far more on exports than local production to serve foreign markets
- And only $85 billion of Chinese clean-tech FDI projects have materialized in the past decade
- Rhodium’s loose tallies of deal announcements suggest Chinese companies have invested under $400 billion of private capital since the pandemic
- China’s completed foreign direct investment in EV and battery manufacturing is a small fraction of its exports, data from New York-based independent research firm Rhodium Group shows
Summary
Despite all the global worry about China building car factories around the world and stifling local competitors, it turns out that Chinese EV companies have been homebodies. Between 2020 and 2024, China’s biggest EV and battery manufacturers BYD i BYD BYD Auto is a Chinese carmaker that became the world’s leading EV manufacturer in 2023, competing with Tesla for market share and global attention. and CATL were talking a big game about global expansion. China’s completed foreign direct investment in EV and battery manufacturing is a small fraction of its exports, data from New York-based independent research firm Rhodium Group shows. At a time when U.S. automotive giants like Ford and General Motors have reined in their EV ambitions, China continues to set the global standard. Much of the world is seeing EV prices fall thanks to cheaper Chinese models, while the average price of an EV in the U.S. is more than double what it is in China.