GreenergyDaily
October 20, 2023
1. Nio will contact JAC Motors and not comment before that, after the latter said yesterday it plans to transfer some assets, including the two factories it owns with the Chinese NEV maker, through the public listing, National Business Daily reported today, citing a person familiar with the matter. Nio may consider acquiring the above plants, the person added.
2. Gavin Newsom, the governor of California, the most populous state in the US, announced he will begin a weeklong trip to China next week, focusing on climate action and partnership between two of the world's largest economies, People's Daily announced yesterday.
3. Recently, State Power Investment Group's Cpi Southern Power Co., Ltd. successfully issued a special plan to invest in carbon-neutral green assets on the Shanghai Stock Exchange, with an issuance scale of CNY 8.101 billion.
4. On Oct. 19, PetroChina International Co., Ltd. reached the first cross-border RMB settlement transaction for international crude oil on The Shanghai Petroleum and Natural Gas Exchange, purchasing a shipment of one million barrels of crude oil, and will use digital RMB settlement for the first time.
5. On Oct. 20, according to RIA Novosti, Gazprom announced that it signed an additional agreement to the natural gas purchase and sale agreement with China National Petroleum Corporation, to increase supplies of Russian natural gas to China by the end of 2023.
6. China Mono Grade, the OPIS benchmark assessment for polysilicon prices in the country, fell 4.22% to CNY79.5 ($11.07)/kg week-on-week for the first time in more than three months on the back of weakening demand across the solar supply chain, which has finally impacted the upstream polysilicon sector.
7. China Evergrande said in a filing that it was revising the terms of the proposed restructuring to meet its objective situation and creditors' demand. The hearing originally scheduled for Oct. 25 in the US Bankruptcy Court will be adjourned.
8. From the remote hydropower plant in its mid-northern district of Kiryandongo to the hub airport in Entebbe, 36 km southwest of the Ugandan capital of Kampala, the East African country has witnessed the positive changes brought by China's Belt and Road Initiative (BRI), which marks the 10th anniversary this year since its inception.
9. Recently, the Yinggehai salt field 200MW photovoltaic project, the first salt-PV complementary project in Hainan, was put into operation. The project is expected to generate 320 million kWh of green electricity annually, reducing 318,000 tons of CO2 emissions.
10. Chinese yuan's international payment share hit a record high of 3.71% in September, up from 3.47% in August, and remained the fifth most active currency for global payments, data from SWIFT showed on Wednesday.
