Rhodium Group @rhg.com · Mar 19

But clean tech manufacturing investment saw some growth outside of China, the US, and Europe. In India, manufacturing investments have risen rapidly since 2021, reaching $11.4 bn in 2025, a 17% increase from 2024. Turkey, Indonesia, South Korea, Canada, and others also represent a widening footprint

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Rhodium Group · Mar 19

China’s slowing domestic investment does not fundamentally change the geographic distribution of global manufacturing for solar and wind, however. We do see signs of a gradual shift in batteries and EVs.