GreenergyDaily
Mar. 13, 2024
1. Avatr cut the starting price of the Avatr11, its first model co-developed with Huawei, to CNY250,000 (USD34,784) and introduced other discounts and subsidies amid the price war, the premium smart EV brand under Chinese carmaker Changan Automobile said today.
2. One person was killed and 22 others were injured following an eatery explosion in north China's Hebei Province on Wednesday, local authorities said. The blast occurred at 7:54 a.m. Wednesday at a fried chicken shop in Yanjiao township in the city of Sanhe, according to the city's emergency management bureau. It is suspected to have been caused by a gas leak, the bureau said.
3. China's commerce ministry said on Tuesday it plans to select several French companies as sample companies for an anti-dumping investigation into brandy imported from the EU, according to Reuters. France accounts for 99.8% of all EU brandy exports, according to Chinese customs data.
4. In the pursuit of carbon peak and carbon neutrality goals, China's aviation management wields significant potential, noted Dr. Changmin Jiang, a tenured associate professor from the Department of Logistics and Maritime Studies at the Hong Kong Polytechnic University.
5. Nearly 6.73 million vehicles were recalled in China last year, up 50% from 2022, the country's market regulator said today. Recalls of NEVs rose 32% to 1.6 million units in the period. By the end of last year, a total of 103 million vehicles had been recalled in China.
6. The price war that affected the Chinese automobile market at the end of last year had limited influence on Chinese consumers who purchased cars. According to the McKinsey 2024 China Auto Consumer Insights Survey Report, over 80% of Chinese car buyers polled by McKinsey in 2023Q4 said they purchased a car for reasons other than the price war.
7. JAC Motor and Volkswagen China poured CNY6.5 billion (USD905 million) of cash yesterday to raise the registered capital of their NEV JV Volkswagen Anhui to CNY13.9 billion (USD1.9 billion), with their stakes in the venture remaining the same at 25% and 75%, respectively.
8. China's Drinda New Energy announced an operating income of CNY 18.657 bln in 2023, an increase of 60.90% YoY; the net profit attributable to the shareholders of CNY 816 mln, a YoY increase of 13.77%; the basic earnings per share of 3.83 yuan. It also reported shipped battery products of 29.96GW last year, a remarkable increase of 179.48% YoY, ranked 4th in the industry according to lnfoLink. It's worth noting that the company's N-type battery shipments secured the top position in 2023.
9. A large PV-wind hydrogen production demonstration project commenced operation recently in Baotou, north China's Inner Mongolia. The 200MW project can produce 7,800 tonnes of green hydrogen annually to meet the demand for 1,000 Fuel Cell-powered heavy trucks.
10. A large PV-wind hydrogen production demonstration project commenced operation recently in Baotou, north China's Inner Mongolia. The 200MW project can produce 7,800 tonnes of green hydrogen annually to meet the demand for 1,000 Fuel Cell-powered heavy trucks.
