Core Insights - In 2024, Chinese companies' overseas investment in the electric vehicle supply chain will surpass domestic investment for the first time, marking a historic shift in investment strategy [1] - Chinese electric vehicle supply chain investments have evolved significantly since 2014, with domestic investments peaking at an average of $92 billion in 2021 and 2022, but declining to $15 billion in 2024 [1] - The report indicates that while overseas investments have increased, they are still facing challenges such as higher costs and longer construction times compared to domestic projects [4] Investment Trends - Chinese companies have historically invested about 80% of their electric vehicle supply chain investments domestically, but this trend is changing as overseas investments grow [1] - The overseas investment in the electric vehicle supply chain is primarily focused on battery manufacturing, which accounts for 74% of total overseas investments [4] - Major battery manufacturers like CATL have led the way in overseas expansion, with significant investments in facilities abroad, such as the $2 billion battery plant in Germany [4] Production Capacity - As of 2024, Chinese companies have a total battery production capacity of approximately 4,647 GWh domestically, compared to only 707 GWh overseas [5] - The total electric vehicle production capacity in China is around 28 million units, while overseas capacity is only 4 million units, indicating a continued focus on the domestic market [5] - Despite the increasing number of Chinese automotive and parts companies expanding overseas, their share of overseas production capacity remains relatively low [5]