GreenergyDaily

November 22, 2023

1. Goldwind, a leading Chinese wind turbine maker, announced that it will invest CNY6 billion (USD840 million) to build a new production base to produce offshore wind power equipment in the coastal city of Beihai, China's southwestern Guangxi. It plans to make the plant and related facilities a zero-carbon demonstration park, the Beijing-based company said in a statement late yesterday.

2. He Xiaopeng, chairman of Xiaopeng Motors, said on Tuesday, "High-level automatic assisted driving, or fully automatic driving with human supervision, can see a clear roadmap. But I can't see the complete logic of fully autonomous driving. Maybe another way is needed."

3. Volkswagen Group's first fully-owned battery system plant in China officially began producing its first high-voltage battery system on Tuesday.

4. China invested a record 974.8 billion yuan (about $136.5 billion) in the construction of water conservancy facilities in the first 10 months of 2023 and broke ground on 26,400 water conservancy projects in the same period, with 37 being major projects, according to Ministry of Water Resources.

5. Chinese electric vehicle battery giant Contemporary Amperex Technology is considering listing in Hong Kong after a planned US$5bn–$6bn Swiss global depositary receipt offering was derailed by regulatory concerns earlier this year, said people with knowledge of the matter.

6. Nio will ditch its five-year strategic plan and stick to the two-year business plan instead as the market is so volatile and changing, CEO William Li said in an internal conference recently. Longtermism is not an excuse for executing poorly in the short-term, he added.

7. On Nov. 17, the latest hydrogen-powered locomotive developed by CRRC successfully completed all formality tests and is officially in operation. This locomotive utilizes a "hydrogen fuel cell + power battery" configuration, boasting a maximum power of 1000kW. Capable of hauling 1000 tons of cargo for approximately 400 kilometers on straight tracks, it operates with zero emissions and pollution throughout its journey.

8. China Southern Power Grid announced that as of November 20, it had delivered a total of 70.00647 billion kWh of electricity to Macau. In recent years, the company has increased its power supply capacity to Macao by 30%. Since 2023, it has delivered a total of 4.794 billion kWh of electricity to Macao.