SHANGHAI, Nov 10 (Reuters) - Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrived through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

Li Zhen, speaking at the Bloomberg New Economy Forum in Singapore on Friday, said the company was committed to globalization, pointing to plants it was planning on constructing or had already constructed in the United States, Germany and Morocco. (Reporting by Brenda Goh Editing by Shri Navaratnam)