Chinese Battery Makers Accelerate Global Investment Amid Western Protectionism

Chinese battery giants, including CATL and BYD, are investing billions outside China to build a global supply chain, with $12 billion in 14 deals this year and nearly $90 billion since 2023. This strategic shift is a response to increasing protectionism and localization efforts in Western markets, despite the lower cost and faster construction times for gigafactories in China.