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Chinese automakers' foreign investment tops domestic spending for first time, data shows
Yahoo Finance· 2025-09-30 13:04
By Joe Cash BEIJING (Reuters) -Chinese electric car makers invested more abroad than at home for the first time in 2024, new data from Rhodium Group showed on Wednesday, as fierce domestic competition makes it almost impossible for manufacturers to turn a profit. Automakers have benefited from years of subsidies and other government policies aimed at making China a global automotive power and the world's leader in electric vehicles, but overcapacity and aggressive price cutting have sent the industry int ...