Battery makers from China are rapidly expanding in Europe, responding to a growing market for electric vehicles while bucking an overall contraction in Chinese investment on the continent.Mostly shunned from North America because of the U.S. Inflation Reduction Act, which seeks to reduce American companies' dependence on China's supply chain, battery makers in China have instead focused on Europe, the world's second-largest market for electric vehicles.
#investments #competitive #north-america #electric-vehicles #acquisitions #semiconductors #critical-infrastructure
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