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Electric Vehicle FDI Accelerates

A record high of more than $93bn was pledged to projects in 2022, fDi Intelligence

A total of 281 FDI projects were recorded in 2022 with a cumulative value of $93.7bn — more than 1.5 times higher than in 2021 and nearly three times the capital investment announced in 2019. Manufacturing projects accounted for 96% of the capital investment and 54% of the announced FDI projects in 2022. Some 45 announcements were made in research and development activities, at a total investment of $2.1bn.

Within that, several mega investments (those worth $1bn or more) were announced. Tesla Motors was by far the most active investor in the area, with 59 FDI projects announced since 2016, including three big-ticket overseas gigafactories: Shanghai, Brandenburg, and Monterrey.


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