GreenergyDaily
Mar. 11, 2024
1. BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven't faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices. Since coming to power in 2022, Prime Minister Anthony Albanese's government has aggressively promoted EV adoption as part of the country's plans to cut down on emissions - a change that came after a decade of weak climate action under conservative leaders.
2. Chinese state-owned oil and gas giant CNOOC has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in place, the company said in a statement on Friday. The reserve is located at CNOOC's deepwater Kaiping South oilfield in the Pearl River Delta near Guangdong province, and contains light crude, the statement said.
3. Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. "Allowing heavily subsidized Chinese vehicles to enter the U.S. marketplace would endanger American automotive manufacturing," said the letter first reported by Reuters, from Senators Gary Peters and Debbie Stabenow of Michigan and Sherrod Brown of Ohio.
4. Two of China's first L4 autonomous driving pure electric heavy trucks have realized platooning during open road tests in north China's Inner Mongolia. The zero-emission trucks powered by the 5G network boast advanced sensing devices like trip computers and laser radar.
5. China is set to launch a new offshore wind farm with the country's largest single-unit capacity of 18MW. The project, slated for installation in southeast China's Fujian, aims to generate 3.3 billion kWh of electricity annually, cutting CO2 emissions by 2.63 million tonnes.
6. China's exports of new energy passenger vehicles edged up 0.1% YoY, reaching 79,000 in February. In the first two months of the year, a total of 3.13 million passenger vehicles were sold, up 17% YoY, data from the China Passenger Car Association showed.
7. A China-homegrown 115,000-DWT Aframax crude oil tanker was officially delivered and named "New Alliance" recently in Dalian, northeast China's Liaoning. The 243-m-long ship can carry about 800,000 barrels of crude oil and meets international emission standards.
8. According to data from the China Association of Automobile Manufacturers, China's automobile production and sales rose 8.1% and 11.1% to nearly 3.92 million and 4.03 million units, respectively, in the first two months of the year from a year earlier.
9. Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing. State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached.
10. Sinopec and Geely Holdings signed a strategic cooperation framework agreement in Beijing. Both parties will leverage their respective strengths and engage in strategic cooperation in areas such as green and low-carbon transformation, methanol industry, new energy and new materials, to facilitate the optimisation and upgrading of the supply chain of the industrial chain and promote the development of both parties.
