China’s ZEV Industry Invests More Abroad Than at Home for First Time

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China’s ZEV Industry Invests More Abroad Than at Home for First Time

BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province, on Sept. 11, 2023. AFP via Getty Images

News Analysis

China’s zero-emission vehicle (ZEV) industry is accelerating its overseas investment push amid overcapacity at home, thin profit margins, and growing regulations in its largest overseas market, Europe.

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