Lightnews — Scholar-powered news

Rhodium Group @rhg.com · 21h

Our latest tracker shows China's investments across the EV supply chain, broken down by segment.

See where Chinese companies are investing, from upstream mining operations to final vehicle assembly:

cbm.rhg.com/dashboard/ch...

1

Rhodium Group @rhg.com · 2d

In a new dashboard, we track China's investments in the EV supply chain across the world, broken down by segment.

See where Chinese companies are investing, from upstream mining operations to final vehicle assembly:

China Global Clean Tech Investment Dashboard

Track China's investments across the EV value chain, broken down by segment.

cbm.rhg.com

1

Rhodium Group @rhg.com · 21d

China operations were once a cash cow for foreign carmakers, but over the last few years that's all changed.

We explore how different automakers are approaching the China market now and the implications it has for supply chains and policy debates.

The Hangover: Foreign Carmakers’ China Strategies

The last few years have seen foreign carmakers’ China operations shift from cash cows to drags on profits. Their responses to that sea change vary. Some are exiting or downsizing their China presence,...

rhg.com

1

Reposted by Rhodium Group

visegradinsight.bsky.social @visegradinsight.bsky.social · 22d

🎙️ New podcast out now! 👉 open.spotify.com/episode/6CFC...

🇨🇳 @staskaleta.bsky.social is joined by @noahbarkin.bsky.social (@rhg.com @gmfus.bsky.social) to discuss the EU's strategy for China – after Trump's NATO ultimatum demanding China tariffs, and Wang Yi's visit to Poland.

2 1

Rhodium Group @rhg.com · 23d

We find the US is on track to reduce GHG emissions by 26-41% in 2040 relative to 2005 levels. On the way to 2040, we estimate GHG emissions levels will decline 26-35% in 2035.

Read more in our annual Taking Stock report:

Taking Stock 2025

Executive summary The first seven months of the second Trump administration and 119th Congress have seen the most abrupt shift in energy and climate policy in recent memory. After the Biden administra...

rhg.com

Rhodium Group @rhg.com · 27d

Since 2023, China's consumption growth has remained anemic, credit growth has slowed, and the economy has been struggling with persistent deflationary pressures in both producer and consumer prices. But still, Beijing insists that growth is humming along at 5%.

Why?

The Strategic Logic of China’s Economic Data

Beijing knows it has a credibility problem Ten years ago this week, Rhodium Group published a landmark study of China’s economic data, Broken Abacus, discussing the rapid evolution of China’s statisti...

rhg.com

1

Rhodium Group @rhg.com · 28d

We find the US is on track to reduce GHG emissions by 26-41% in 2040 relative to 2005 levels. On the way to 2040, we estimate GHG emissions levels will decline 26-35% in 2035.

Read our full analysis in our annual Taking Stock report:

rhg.com/research/tak...

Rhodium Group @rhg.com · 29d

China’s highly publicized auto subsidies may be contributing to price wars and entrenching “involutionary competition” within the industry.

We explain why:

China's Subsidies Are Fueling "Involutionary" Competition in the Auto Sector

China’s highly publicized auto subsidies may be contributing to price wars and entrenching “involutionary competition” within the industry. Setting subsidies at fixed nominal levels encourages buyers…

rhg.com

Rhodium Group @rhg.com · Aug 28

In the second quarter of 2025, clean energy and transportation investment in the United States totaled $68 billion, a 0.3% decrease from the previous quarter, but a 1% increase from the same period in 2024.

Read the latest from the Clean Investment Monitor: rhg.com/research/cle...

Clean Investment Monitor: Q2 2025 Update

Summary In the second quarter of 2025, clean energy and transportation investment in the United States totaled $68 billion, a 0.3% decrease from the previous quarter, but a 1% increase…

rhg.com

2

Rhodium Group @rhg.com · Aug 26

Our data shows clearly that Chinese companies face greater challenges investing abroad than at home. Overseas projects tend to be more expensive, take longer to build, and encounter higher regulatory and political risks.

Read more: cbm.rhg.com/research-not...

The Global Investments Powering China’s EV Push

In 2024, Chinese ZEV firms invested more abroad than at home, a historic shift after years of directing around 80% of investment to the domestic market.

cbm.rhg.com

Rhodium Group @rhg.com · Aug 21

Chinese firms have adopted markedly different internationalization strategies through FDI. Battery makers Envision, Gotion, and EVE stand out, each allocating more than 30% of their investment abroad, with Envision reaching almost 60%.

Read more: cbm.rhg.com/research-not...

1 2

Rhodium Group @rhg.com · Aug 19

After years of directing around 80% of investment to the domestic market, last year Chinese firms announced more investment overseas than at home for the first time.

Read more in our latest note: cbm.rhg.com/research-not...

1 1 1

Rhodium Group @rhg.com · Aug 18

In 2024, China's EV firms invested more abroad than at home, a historic shift after years of directing around 80% of investment to the domestic market.

Read more in our latest note comparing China's EV investments at home versus abroad:

The Global Investments Powering China’s EV Push

In 2024, Chinese ZEV firms invested more abroad than at home, a historic shift after years of directing around 80% of investment to the domestic market.

cbm.rhg.com

2

Rhodium Group @rhg.com · Aug 11

China's auto subsidies will be very costly in 2025, estimated at 3% of total central government fiscal revenue and equivalent to 7% of auto retail sales.

We expect auto subsidies to extend at least into 2026 to avoid a sharp decline in sales.

Read our latest note:

China's Subsidies Are Fueling "Involutionary" Competition in the Auto Sector

China’s highly publicized auto subsidies may be contributing to price wars and entrenching “involutionary competition” within the industry. Setting subsidies at fixed nominal levels encourages buyers…

rhg.com

2

Rhodium Group @rhg.com · Aug 7

China's automakers are struggling to be profitable as they fight over market share in low-cost vehicles.

And auto subsidies are making it worse.

Read how fixed car subsidies are fueling a race to the bottom for China's auto industry in our latest note:

China's Subsidies Are Fueling "Involutionary" Competition in the Auto Sector

China’s highly publicized auto subsidies may be contributing to price wars and entrenching “involutionary competition” within the industry. Setting subsidies at fixed nominal levels encourages buyers…

rhg.com

1

Rhodium Group @rhg.com · Aug 4

Rhodium Group is excited to welcome Oliver Melton as a Director in our growing China practice!

Oliver brings a wealth of experience as a diplomat and highly respected US government China expert to augment our research and oversee an expanding DC office.

Oliver Melton Joins Rhodium Group’s China Practice – Rhodium Group

Rhodium Group welcomes Oliver Melton as a Director in its growing China practice. Oliver brings a wealth of experience as a diplomat and highly respected US government China expert who will augment Rh...

rhg.com

Rhodium Group @rhg.com · Aug 1

In Q2 of this year, there is still little evidence that elevated trade barriers have triggered significant shifts in manufacturing outbound investment from Chinese companies.

Read more in our latest note:

Basic Materials and Autos Draw Chinese Capital: Q2 2025 Update

China’s outbound FDI momentum remained elevated in Q2 2025, making the first half of the year the strongest since 2020.

cbm.rhg.com

Rhodium Group @rhg.com · Jul 31

In Q2, Chinese outbound FDI totaled an estimated $27.1 billion. Combined with elevated investment in Q1, the first half of 2025 was the strongest for Chinese FDI since the beginning of the COVID-19 pandemic.

Read our latest note:

Basic Materials and Autos Draw Chinese Capital: Q2 2025 Update

China’s outbound FDI momentum remained elevated in Q2 2025, making the first half of the year the strongest since 2020.

cbm.rhg.com

Rhodium Group @rhg.com · Jul 28

The Trump administration’s decision to let NVIDIA sell its H20 chips to China is a sharp break from Biden-era controls, but its vision of keeping China hooked on US AI tech doesn't comport with Beijing's self-reliance push.

Back to the Future: From Freeze-in-Place to Sliding Scale Chip Controls

The Trump administration’s decision to grant NVIDIA licenses to sell its H20 chips to China is an attempt to wind the clock back to before October 2022, reversing the Biden administration’s…

rhg.com

Rhodium Group @rhg.com · Jul 24

Twenty years ago, China broke its de facto peg of 8.276 RMB to the US dollar and started a process of reforming its exchange rate regime.

We review what has and hasn't changed over the last two decades:

20 Years of Missed Opportunities in China's Exchange Rate Policy

Executive summary Twenty years ago, China broke its de facto peg of 8.276 RMB to the US dollar and started a process of reforming its exchange rate regime. This report reviews the most important…

rhg.com

Rhodium Group @rhg.com · Jul 23

The Trump administration’s decision to let NVIDIA sell its H20 chips to China is a sharp break from Biden-era controls, but its vision of keeping China hooked on US AI tech doesn't comport with Beijing's self-reliance push.

Back to the Future: From Freeze-in-Place to Sliding Scale Chip Controls

The Trump administration’s decision to grant NVIDIA licenses to sell its H20 chips to China is an attempt to wind the clock back to before October 2022, reversing the Biden administration’s…

rhg.com

Rhodium Group @rhg.com · Jul 17

Each quarter, we release a new batch of data on China's completed FDI transactions across the world through the China Cross-Border Monitor.

You can sign up for free email alerts when new data is available here:

Rhodium Group

Rhodium Group Email Forms

rhg.us13.list-manage.com

1 1

Rhodium Group @rhg.com · Jul 16

While balancing IP protection and sharing specialized knowledge with equitable technology transfer is essential, enabling policy and supportive infrastructure will likely be more critical factors in scaling up the direct air capture industry in the US and abroad.

Intellectual Property Rights and Global Direct Air Capture Scale-Up

Over the past sixty years, multiple major economies have played complementary roles in supporting clean technologies to reach their commercial deployment stages. Achieving the necessary US domestic ma...

rhg.com

Rhodium Group @rhg.com · Jul 15

In our latest note, we compare direct air capture to two previous energy innovations (hydraulic fracturing and solar photovoltaics) to assess how important IP protections are in the global dissemination of the technology.

rhg.com/research/int...

Intellectual Property Rights and Global Direct Air Capture Scale-Up

Over the past sixty years, multiple major economies have played complementary roles in supporting clean technologies to reach their commercial deployment stages. Achieving the necessary US domestic ma...

rhg.com

4 5

Rhodium Group @rhg.com · Jul 11

We estimate the fiscal year 2025 budget reconciliation legislation will increase national average household energy bills by $78-192 and increase total industrial energy expenditures by $7-11 billion in 2035.

Read our full analysis:

Assessing the Impacts of the Final "One Big Beautiful Bill"

The fiscal year 2025 budget reconciliation legislation, commonly called the “One Big Beautiful Bill” (OBBB) and signed into law by President Trump last week, will have meaningful reverberations…

rhg.com

1 1