China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.

In 2024, China's electric car sector in China directed more funds to foreign investment than domestic, with 74% of it going to battery and assembly plants. This shift comes amid domestic competition and high export tariffs. Domestic investment fell sharply to $15 billion, while BYD's foreign sales topped 545,000 vehicles. However, only 25% of foreign plans have been finalized and the companies face possible restrictions from Beijing.