GreenergyDaily
November 27, 2023
1. Li Auto's official Weibo account revealed the development details of the MEGA model on Sunday. The original A-pillar had a vertical seam, causing potential visibility risk. Later on, they reinvested CNY 70 million to redesign and verify the entire chain structure.
2. PetroChina Southwest Oil and Gasfield Company, one of the major energy developers in China's Sichuan Basin, produced over 30 million tonnes of oil and gas equivalent this year as of Friday, reaching the same target 32 days earlier than last year.
3. Huawei and Changan Auto will establish a new company for the R&D, production, sales, and services of intelligent automotive systems and components, per a cooperation memo the pair signed yesterday. Huawei will set up the firm, and Changan Auto will take a stake of up to 40%.
4. The 1st pumped-storage power unit in northwest China started operation Sat at Fukang pumped-storage power station. With a total installed capacity of 1.2 mln kW, the power station is expected to generate 2.41 bln kWh of electricity annually upon operation of all 4 units in 2024.
5. Asia's first-ever Saudi Arabia exchange-traded fund (ETF) will be listed in HongKong on Nov 29, and investors will be able to trade the constituent stocks of the Saudi stock market directly in the HK market in HKD or RMB, HKSAR Financial Secretary Paul Chan said on Sunday.
6. Following unprecedented price increases in 2022, battery prices are falling again this year. The price of lithium-ion battery packs has dropped 14% to a record low of $139/kWh, according to analysis by research provider BloombergNEF (BNEF).
7. By the end of October 2023, the installed capacity of solar power in China expanded 47% year-on-year to 540 million kW, while that of wind power stood at about 400 million kW, representing a yearly increase of 15.6%, data from the National Energy Administration showed.
8. Iraq and China announced in Baghdad Saturday the establishment of the Iraqi-Chinese Business Council to enhance trade and investment between Iraqi and Chinese companies. The announcement came during a ceremony held in central Baghdad with the attendance of the Iraqi Minister of Trade Atheer al-Ghurairi, Chinese embassy officials, and Iraqi and Chinese businessmen.
9. By 2025, all Beijing taxis are expected to transition from the conventional blue license plates to green plates, denoting new energy vehicles (NEV). The over 66,000 taxis in the capital city will serve as a small yet significant window into China's broader "dual carbon" wave.
10. China engineers complete massive solar farm in UAE ahead of Cop28. It's been completed in the United Arab Emirates, ahead of the UN climate change conference Cop28 in Dubai later this week. The 4 million panels in the desert will power 200,000 households and reduce carbon emissions by 2.4 million tons per year.
