The report looked at 70 “outstanding” Chinese auto parts and software suppliers that were expanding overseas as of June. The suppliers were included based on meeting certain thresholds in five criteria, including their research and development capabilities, overseas sales and the scale of their investment in foreign markets.
Nearly 85% of the suppliers — including those that make electric-vehicle (EV) batteries, automotive chips and develop smart driving software — have invested in Europe. Germany, Belgium, the U.K., Slovenia and France are their major destinations, the report published Friday said.
More than 60% of the suppliers have invested in North America, followed by Southeast Asia at 57.1%.