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Chinese Firms Reshape World Clean-Tech With Billions in Investment Since 2022

Chinese green technology manufacturers have embarked on a worldwide investment spree that is rapidly transforming the global clean-tech sector, a new report finds.

According to a new policy brief based on the China Low Carbon Technology FDI Database, overseas investments by Chinese firms since 2022 have soared to over USD 227 billion, with high-end estimates approaching USD 250 billion.

Chinese Green Manufacturing Investments overseas

This wave of Chinese clean-tech investment now reaches 54 countries across every major region, eclipsing the scale of the historic US Marshall Plan in inflation-adjusted terms.

Spread Across Clean-Tech Sectors

The investment rush spans batteries, solar, wind, new energy vehicles (NEVs), and green hydrogen, along with charging infrastructure and battery materials.

Chinese overseas investments – by technology and project status

Of the 461 manufacturing projects tracked between 2011 and the first half of 2025, more than 80 percent were initiated after 2022, with a record 165 projects announced in 2024 alone.

Chinese companies are now leading the establishment of advanced green supply chains globally, often integrating battery, solar, and vehicle manufacturing.

Diversification and Regional Shifts

While the ASEAN region still hosts the highest number of Chinese-backed clean tech factories, 2024 saw the Middle East and North Africa (MENA) region jump to a 20 percent share of new deals.

Europe remains crucial for downstream battery production, while Latin America and Central Asia have seen a surge in new facilities.

Key “hot spots” include Indonesia (for nickel-rich batteries and new solar lines), Morocco (for EU-linked cathodes and green hydrogen), Gulf states (for solar module and electrolyser manufacturing), and sector-specific plays in Hungary, Spain, Brazil, and Egypt.

Strategic Motivations and Project Scale

The report finds that the motivations for China’s green-tech investments fall into three categories: securing access to host markets, tapping third-country markets, and sourcing raw materials.

Over 75 percent of all new projects are located in the Global South or other emerging markets, highlighting China’s role in South-South technology transfer and market development. Notably, 60 projects each exceed USD 1 billion in value, underscoring the “megaproject” character of this global push.

Outpacing Global Peers and Setting New Trends

In each year since 2022, China’s pledged overseas green-tech investment has outstripped the total committed in the entire previous decade.

While solar led the early surge, recent years have seen capital flow into battery materials, full battery plants, NEVs, charging infrastructure, wind, and emerging green hydrogen projects. This not only diversifies China’s clean-tech portfolio but also deepens its influence across the world’s energy transition supply chains.

Thanks to a mix of ambitious policy, global market opportunities, and strategic resource acquisition, Chinese green technology manufacturers are redrawing the map of global clean manufacturing capacity. As countries worldwide seek to accelerate their own energy transitions, China’s outbound investment is poised to play a pivotal, sometimes controversial, role in shaping the future of sustainable industry.

Junaid Shah

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