NEW YORK -- China's outbound investment in electric vehicle manufacturing is showing signs of slowing following five years of aggressive global expansion, with targets for spending shifting toward Asia and into less capital-intensive areas of the supply chain.
Electric vehicles
China's offshore EV investments shift toward Asia amid signs of slowdown
Pivot toward Indonesia and Middle East comes as European demand cools
The BYD Shenzhen, China's self-developed car carrier and the largest of its kind worldwide, is seen before setting off on its maiden voyage with more than 7,000 BYD new energy vehicles (NEVs) on April 27 in Suzhou, China. © AP
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