Chinese direct investment in Europe rises for first time in 7 years

Chinese investment in Europe increased for the first time in seven years in 2024, driven by electric vehicle and battery projects in Hungary, despite a decline in interest in the UK, Germany, and France. Total Chinese foreign direct investment (FDI) in the EU and UK rose 47% to €10bn, with Hungary accounting for 31% of this total, while the combined share of the UK, Germany, and France dropped to 20%. However, new investment announcements by Chinese electric vehicle manufacturers fell sharply, indicating a cautious approach amidst heightened scrutiny and trade tensions.

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