GreenergyDaily
Jan. 12, 2024
1. The world's highest-altitude large-scale pumped storage power plant started construction in SW China's Sichuan on Thursday. The 2.1 mln-kW plant, located at an altitude of 4,300 m, can store 12.6 mln kWh of electricity per day, able to meet the daily needs of 2 mln households.
2. Tesla today cut the prices of its Model 3 and Model Y in China, according to its website. The price of the standard version of the revamped Model 3 was lowered by 6% to start at CNY245,900 (USD34,520), while that of the Model Y was reduced by 2% to CNY258,900.
3. China's Chery Automobile yesterday signed a battery swapping deal with electric vehicle startup NIO that will see the pair work together on standards and technologies as well as network expansion and operation.
4. Geely's spokesperson Stefan Lundin yesterday confirmed to Bloomberg that the Chinese carmaker sold over SEK7 billion (USD685 million) worth of stock in Volvo, cutting its stake to 6.8% from 8.2%. GeelyGroup's strategic long-term investment in Volvo remains unchanged, he added.
5. China's foreign trade maintained stable growth in 2023, as the country's total imports and exports of goods recorded 41.76 trillion yuan (about $5.88 trillion), up 0.2% YoY, data from the General Administration of Customs showed Friday.
6. China-developed Asia's 1st shipboard wind-driven rotary cylinder propulsion system has been successfully put into use, marking a breakthrough in green ship propulsion tech. The structure can spin up to 200 revolutions per minute, operate at -25℃ and help vessels save 5-25% of fuel.
7. According to Solarbe's latest data, JinkoSolar has become the world's leading solar module manufacturer, with an annual sales record of over 75GW, accounting for 14.5%-15% of the market. In the TOPCon field, JinkoSolar has sold approximately 45GW of modules, representing 40% of the market, and it has also secured the top spot in the world for N-type module shipments.
8. China's imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies, traders and miners said. China is the world's biggest steel producer and coal importer and a shift to abundant Mongolian supplies could come at the expense of Australian imports of the steelmaking ingredient. Australia, the world's second-biggest coking coal miner, was China's largest supplier until a 2020 diplomatic dispute.
9. China's automobile exports jumped 57% to 5.2 million units in 2023 from a year before, the General Administration of Customs said today. Electric passenger vehicle exports soared 67% to over 1.77 million units in the period, accounting for one-third of the total.
10. China will further promote green and low-carbon development, and strive for new energy vehicles to account for 45% of new vehicles by 2027, according to the guidelines document released by the State Council on Thursday.
