China’s world-leading solar, battery and electric vehicle companies have sharply increased foreign investment plans in recent years, pledging more than $210 billion since 2022, according to new research.
Chinese companies are expanding their supply chains abroad to capture new markets, avoid tariffs and get closer to sources of raw materials, Johns Hopkins University’s Net Zero Industrial Policy Lab said in a report. Researchers at the lab and Brown University have tracked more than 460 overseas green manufacturing projects announced by Chinese firms since 2011, finding that more than 80% of them came after 2022.