Core Viewpoint - The globalization of lithium batteries is inevitable, with China's technology and production capacity playing a crucial role globally. The focus should be on "industry thinking" rather than "profit thinking," emphasizing long-term brand management and quality assurance in overseas markets [1]. Group 1 - The lithium battery industry is characterized as a high-tech sector that requires a long-term commitment to penetrate international markets [1]. - Companies must prioritize providing quality assurance and after-sales service rather than merely selling products and exiting the market [1].

记者丨赖镇桃 编辑丨和佳 中国电动汽车的出海之路，正在迎来新的拐点。 美国咨询公司荣鼎集团本周发布的报告显示，2024年中国电动汽车产业链的海外投资历史性超过国内投 资，去年该行业的国内投资约150亿美元，海外投资则达到160亿美元，反映出国际市场俨然成为中国电 动车的新战场。 值得注意的是，电池恰是中国电动汽车产业链对外投资的大头，海外总投资的74%都集中在电池领域。 荣鼎的报告指出，考虑到运输成本和下游客户要求就近配套，中国的电池制造商更加国际化，引领着早 期的海外扩张。 在国产锂电的出海浪潮里，欧洲、东南亚一直稳居前两大首选地，今年以来，中资电池厂"下南洋"的势 头愈发凶猛。据21世纪经济报道记者不完全统计，仅今年上半年，宣布在东南亚投资建厂的锂电企业就 有亿纬锂能、欣旺达、珠海冠宇、宁德时代、瑞浦兰钧、海四达、双登集团等近十家电池巨头，还有湖 南裕能、星源材质等锂电材料厂商也紧随其后，宣布将在东南亚建设产能。 在受访专家看来，目前东南亚在中国锂电的出口份额占比还不算高，但其战略地位、快速推进的新能源 转型，都预示着这里将成为锂电的一块新热土。 图片来源：新华社 对美直接出口的受挫，让中国锂电企业着手另 ...

Core Insights - The report from the consulting firm Rongding indicates that in 2024, China's overseas investment in the electric vehicle (EV) industry chain will surpass domestic investment for the first time, with overseas investment reaching $16 billion compared to $15 billion domestically [1] - A significant portion of this overseas investment, approximately 74%, is concentrated in the battery sector, highlighting the internationalization of Chinese battery manufacturers [1] - Southeast Asia has emerged as a key destination for Chinese battery manufacturers, with several companies announcing plans to establish production facilities in the region [1][2] Investment Trends - Major Chinese battery manufacturers, including Yiwei Lithium Energy, XINWANDA, and CATL, are actively investing in Southeast Asia, with numerous projects announced in 2023 [1][2] - Notable investments include a $5.9 billion nickel resource and battery industry project in Indonesia and a new battery factory in Vietnam costing up to $2 billion [2] - The trend of Chinese battery manufacturers expanding into Southeast Asia is driven by the saturation of domestic production capacity and favorable government policies in the region promoting EV adoption [4] Market Dynamics - The demand for lithium batteries in Southeast Asia is expected to grow significantly due to government initiatives aimed at increasing EV penetration [4][8] - Indonesia is positioning itself as a key player in the global battery supply chain, leveraging its abundant nickel and cobalt resources to establish a vertically integrated production model [7] - Malaysia is also becoming a hub for battery production, supported by its strategic location and government policies aimed at promoting renewable energy and EV adoption [8] Challenges and Opportunities - The changing international trade landscape, including tariffs imposed by the U.S., has prompted Chinese lithium battery companies to seek alternative markets [5][6] - Despite the potential for growth in Southeast Asia, challenges such as trade protectionism and political instability in the region could pose risks for Chinese companies [10] - The electric vehicle market in Southeast Asia is projected to grow, with sales expected to reach 204,000 units in 2023 and a compound annual growth rate of 22% from 2024 to 2029 [10]

21世纪经济报道记者赖镇桃报道 中国电动汽车的出海之路，正在迎来新的拐点。 美国咨询公司荣鼎集团本周发布的报告显示，2024年中国电动汽车产业链的海外投资历史性超过国内投 资，去年该行业的国内投资约150亿美元，海外投资则达到160亿美元，反映出国际市场俨然成为中国电 动车的新战场。 值得注意的是，电池恰是中国电动汽车产业链对外投资的大头，海外总投资的74%都集中在电池领域。 荣鼎的报告指出，考虑到运输成本和下游客户要求就近配套，中国的电池制造商更加国际化，引领着早 期的海外扩张。 在国产锂电的出海浪潮里，欧洲、东南亚一直稳居前两大首选地，今年以来，中资电池厂下南洋的势头 愈发凶猛。据21世纪经济报道记者不完全统计，仅今年上半年，宣布在东南亚投资建厂的锂电企业就有 亿纬锂能（300014）、欣旺达（300207）、珠海冠宇、宁德时代（300750）、瑞浦兰钧、海四达、双登 集团等近十家电池巨头，还有湖南裕能（301358）、星源材质（300568）等锂电材料厂商也紧随其后， 宣布将在东南亚建设产能。 在受访专家看来，目前东南亚在中国锂电的出口份额占比还不算高，但其战略地位、快速推进的新能源 转型，都预示着这里 ...

Core Insights - The Chinese electric vehicle (EV) industry is experiencing a significant shift towards international markets, with overseas investments surpassing domestic investments for the first time in 2024, reaching $16 billion compared to $15 billion domestically [1] - Battery manufacturing is the primary focus of these overseas investments, accounting for 74% of the total [1] - Southeast Asia has emerged as a key destination for Chinese battery manufacturers, with several companies announcing new investments in the region [1][2] Investment Trends - Major Chinese battery manufacturers, including A123 Systems, CATL, and others, are actively investing in Southeast Asia, with companies like XINWANDA planning to build a battery factory in Vietnam with an investment of up to 2 billion yuan [2] - The total investment for a nickel resource and battery supply chain project in Indonesia, involving CATL and local state-owned enterprises, is estimated at $5.9 billion [2] - In Malaysia, EVE Energy is also planning to invest in a new energy storage battery project with a budget of up to 8.65 billion yuan [2] Market Dynamics - The demand for lithium batteries in Southeast Asia is expected to grow significantly due to government policies promoting electric vehicle adoption [4] - Indonesia is positioning itself as a major player in the EV battery market, with plans to integrate the entire supply chain from nickel mining to battery production [7] - Malaysia's strategic location and supportive government policies are making it an attractive destination for battery manufacturing [8] Challenges and Opportunities - The trade environment has shifted, with the U.S. imposing tariffs on Chinese lithium batteries, prompting companies to seek alternative markets [5][10] - Despite the challenges, the Southeast Asian EV market is projected to grow, with sales expected to reach 204,000 units in 2023 and a compound annual growth rate of 22% from 2024 to 2029 [10]