GreenergyDaily
October 24, 2023
1. Recently, the Ministry of Commerce and the General Administration of Customs of China jointly issued an announcement on export control of graphite items. Three highly sensitive graphite items, including spheroidized graphite that were previously subject to temporary control, were officially included in the export control list of dual-use items.
2. On Oct. 23, Daqing Oilfield, China's largest onshore oilfield, announced that it produced about 22.61 mln tonnes of crude oil and 4.25 bln m3 of natural gas in the first nine months of 2023. The oilfield's annual oil and gas production has exceeded 40 mln tonnes of oil equivalent for 20 consecutive years.
3. Xpeng Motors will officially unveil its first MPV model, the Xpeng X9, at its Tech Day event on October 24. Following the design drawing, Xpeng Motors released the first official image of the Xpeng X9.
4. Trina Storage today launched its latest energy storage offering, Elementa2, as well as its industrial and commercial energy storage solution, Potential Blue Ocean. Elementa2 boasts a cell capacity of 314Ah. Trina Storage has plans to increase its delivery capacity to about 12GWh by the year 2023, and further to 25GWh by the end of the second quarter of 2024, at its Chuzhou plant.
5. On Oct. 24, Gao Xiaobing, president of China's emerging industry market research and consulting organization GGII, announced at the Trina Storage New Product Launch that China's cumulative installed capacity of new energy storage projects that had been put into operation had exceeded 17.33GW/35.80GWh as of 2023H1. In addition, the newly installed capacity of new energy storage in 2023H1 was approximately 8.63GW/17.73GWh, which is almost equal to the total cumulative installed capacity over the years.
6. According to Bloomberg today, Saudi Arabia will need to attract investment in the hundreds of billions of dollars this decade to expand renewable energy and natural gas-fired electricity to meet its generation capacity targets, according to the head of Riyadh-based ACWA Power Co. The project will require building 60 to 80 gigawatts of power plants using renewable sources like wind and solar and about 30 GW of gas-fired plants, ACWA Power Chief Executive Officer Marco Arcelli said in an interview.
7. China's largest vehicle-grid integration network demonstration zone has become operational in the city of Wuxi, east China's Jiangsu Province. It can draw electricity to the smart grid from 50 new energy vehicles (NEV) simultaneously. According to the State Grid Jiangsu Electric Power Co. Ltd., NEV owners can receive subsidies by sending unused power in their vehicles to the grid through charging piles at the demonstration center.
8. On Oct. 24, the Hurun Research Institute released the Hurun China Rich List 2023. Robin Zeng Yuqun, founder and chairman of CATL, ranks 4th with a wealth of CNY 250 billion. The list shows that Geely's chairman Li Shufu's wealth increased by CNY 40 billion from last year to CNY 175 billion, rising 10 places to 9th. Among the top ten companies with the largest decline in wealth, the photovoltaic industry accounts for the largest proportion.
9. On Oct. 24, CNOOC announced that the company achieved an operating income of CNY 114.753 billion in 2023Q3, which is a 5.48% increase YoY. However, the net profit decreased by 8.13% YoY to CNY 33.884 billion. In the first three quarters, the company's operating income was CNY 306.817 billion, a year-on-year decrease of 1.39%, and the net profit decreased by 10.23% YoY to CNY 97.645 billion.
10. On Oct. 24, Xiamen Tungsten Co., Ltd. announced that the company achieved an operating income of CNY 10.798 billion in 2023Q3, a year-on-year decrease of 15.36%; net profit was CNY 370 million, a year-on-year decrease of 7.05%. The company's operating income in the first three quarters was CNY 29.528 billion, a year-on-year decrease of 20.01%; net profit was CNY 1.161 billion, a year-on-year decrease of 11.11%.
