GreenergyDaily

Apr. 7, 2024

1. U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to address U.S. concerns about China's excess manufacturing capacity. The exchanges "will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use the opportunity to advocate for a level playing field for American workers and firms," Yellen said in a statement released at the conclusion of the talks.

2. Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.

3. The world's first floating wind power with fish farm platform in southeast China's Fujian has recently received the first batch of 10,000 fish fry, marking the official launch of its fish farm operation. The first batch will mature in 3-4 months and grow to 700-800 grams per fish.

4. China's new energy vehicles captured a 62% share of the global NEV market in the first 2 months of 2024 reflecting China's pivotal role in the automotive industry's green transition. Global automobile sales reached 12.65 mln units in the period, including 1.9 million NEVs.

5. Li Auto's shares fell in Hong Kong after the founder of Chinese lifestyle services platform Meituan sold more shares of the electric vehicle startup. Li Auto closed 5% lower at HKD 117.50 (USD 15) a share today, bringing the stock's decline to 20% since the start of this year. Its New York-listed shares [NASDAQ: LI] closed up 1.4% at USD 31.04 each yesterday.

6. The EU has opened two investigations into whether two Chinese bidders benefited excessively from subsidies in their offers in a public tender for a solar power park in Romania. The first investigated consortium is composed of Romania's ENEVO Group and a subsidiary of LONGi. The second involves subsidiaries of Shanghai Electric.

7. A flood of electric vehicles from China boosted Brazilian car imports in the first quarter of 2024, ahead of rising import tariffs aimed at protecting local production. Between January and March, passenger car imports rose 46.4% from the same period last year to $1.5 billion, according to data released on Thursday by the Ministry of Development, Industry, Trade, and Services. Chinese vehicles alone accounted for around 40% of the total, with imports surging 450% from the same quarter of 2023.

8. The ship lock of the Three Gorges Dam, the world's largest hydropower project, saw its cargo throughput exceed 30 million tonnes in the first quarter of 2024, while a total of 8,080 ships passed through the ship lock in the same period, the latest data showed.

9. DEEPAL, the new energy vehicle brand under Changan Automobile, saw a total of 13,048 vehicles delivered during March 2024, representing a 30.56% jump from the previous month.

10. Spanning 494 acres in Sanmen County of Zhejiang Province, China's first 200-MW mudflat photovoltaic power project integrating nuclear and renewable energy generation has produced over 20 million kWh of electricity since being connected to the electrical grid on Nov. 30, 2023.