GreenergyDaily

Mar. 20, 2024

1. On March 20, according to the National Energy Administration of China, from Jan. to Feb. 2024, China's total social electricity consumption was 1,531.6 billion kWh, a YoY increase of 11.0%, of which industrial power generation above designated size was 1,487 billion kWh. The domestic electricity consumption of urban and rural residents was 273.5 billion kWh, a YoY increase of 10.5%.

2. Tesla will raise the price of China-produced Model Y vehicles by 5,000 yuan ($694.55) from April 1, the company confirmed to Reuters on Wednesday. Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday.

3. China's Tianjin Port completed 88,000 automobile exports totaling CNY 5.7 billion ($791 million) in January and February this year, with those figures respectively increasing 73.2% and 91.8% year on year. Notably, 61,000 electric vehicles were exported, up 74.9% year on year.

4. Mainland China is one of the few countries with a complete and independent nuclear industry chain. Currently, China has 55 nuclear power units in operation, ranking 3rd in the world. There are 26 nuclear power units under construction, ranking 1st in the world. The total installed capacity of China's units, including those in operation, under construction, and approved for construction, has exceeded 100 million kW. China's nuclear power industry has generated approximately 4 trillion kWh of electricity, according to the Chinese Nuclear Society.

5. Chinese NEV startup Xpeng posted a net loss of 1.35 billion yuan ($188 million) for the three months ended Dec. 31, according to a filing Tuesday, versus expectations for a 2.97 billion yuan deficit and a 2.36 billion yuan shortfall the same period a year earlier.

6. Chinese carmaker Geely's net profit widened 51% to CNY 5.3 billion (USD 736 million) last year from the previous one, according to the company's annual report. Revenue rose 21% to a record high of CNY 179.2 billion (USD 24.89 billion) in the period. 

7. Bangladesh's first sea-land integrated oil storage and transportation system has started commercial operation. The China-built and financed Belt and Road project can cut 100,000-ton oil tankers' oil unloading and transportation time from 11 days to 48 hours.

8. According to data from China's Passenger Car Association, from March 1 to 17, the passenger car market in China retailed 698,000 vehicles, a 13% increase compared to the same period last year. Since the beginning of this year, a total of 3.841 million vehicles have been sold, which is a 16% increase compared to last year. During the same period of March 1 to March 17, the market for new energy vehicles retailed 335,000 vehicles, a 56% increase compared to the same period last year. Since the beginning of this year, the cumulative retail sales of new energy vehicles reached 1.395 million, which is a 42% increase compared to last year.

9. Energy giant China Petroleum & Chemical, also known as Sinopec, has joined hands with more than 10 leading hydrogen companies to release China's first standards for integrated hydrogen stations to advance green development with a reduced cost of clean fuel.

10. The boss of Renault has called for a European war chest to fund electric vehicle subsidies and raw materials, as well as joint infrastructure planning, to see off fierce competition from China.