Report: China Invested $80 Billion in Overseas Clean Technology Last Year
Chinese Investment in Clean Technology: Chinese firms have invested approximately $80 billion in clean technology overseas in the past year, bringing total investments to over $180 billion since the start of 2023, driven by a supply glut and the need for new markets.
Emerging Economies and Cleantech Cooperation: Many countries are enhancing their cleantech cooperation with China, particularly in Asia, the Middle East, Africa, and Latin America, as they seek to reduce reliance on fossil fuels and capitalize on China's technological advancements.
Investment Trends and Destinations: Southeast Asia remains the primary destination for Chinese cleantech investments, with a notable shift towards renewable power, electric vehicles, and batteries, while the Middle East and North Africa are experiencing rapid growth in investments.
Large-Scale Projects and Innovation Opportunities: Chinese firms are increasingly focusing on large-scale projects that integrate supply chains, with significant investments like an $8.28 billion green hydrogen project in Nigeria and a $6 billion battery factory in Indonesia, emphasizing the importance of joining the supply chain to avoid missing out on innovation.
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