GreenergyDaily

Apr. 30, 2024

1. The dome installation of the No. 6 unit at the Lufeng Nuclear Power Plant was completed on Monday in Shanwei, south China's Guangdong, marking key progress for the reactor, which uses Hualong One technology, a China-developed third-generation reactor design.

2. Baidu, China's major internet search company, reached an agreement with Tesla to grant the car company access to its mapping license for data collection on China's public roads. The deal clears a final regulatory hurdle for Tesla's driver assistance system, which Tesla calls Full Self Driving (FSD), to be offered in China, the sources said. As part of the deal, Baidu would also provide its lane-level navigation system to Tesla, they said.

3. On April 26, Asia's first cylindrical floating production storage and offloading facility, Haikui One, was completed and delivered in Qingdao. It represents a breakthrough in the nation's development of deep-water, ultra-large offshore oil and gas equipment.

4. China will continue to exempt certain US goods from additional tariffs until Nov. 30, 2024, the Customs Tariff Commission of the State Council said Monday. According to a previous statement issued in September last year, certain items from the US were excluded from the tariff countermeasures against the US Section 301 measures until April 30, 2024.

5. Energy ministers from the Group of Seven(G7) major democracies reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels.

6. Chinese scientists from Fudan University have developed a soft and breathable piece of clothing that can not only store energy but also power personal electronic devices such as smartphones and watches. The study was published in the journal Nature.

7. Chinese and European new energy vehicle businesses seek to boost cooperation despite an anti-subsidy investigation launched by the European Commission into electric vehicles made in China. Paul Schockmel, CEO of International Electronics and Engineering S.A. (IEE), a Luxembourg-based company dedicated to automotive safety and other fields, said that cooperation is the key and there's a lot to do between China and Europe.

8. Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the battery-material producer reported its biggest-ever quarterly loss of more than half a billion dollars. The billionaire who led Tianqi for more than two decades stepped down on Monday "to pass on the leadership of corporate governance to the next generation," the company said in a statement to the Hong Kong Stock Exchange. He will be replaced by his daughter, Jiang Anqi, who has been vice chair for two years.

9. China will accelerate the promotion of digital and green transformation, build more digital infrastructure and accelerate the deep integration of new technologies such as artificial intelligence with manufacturing, according to the State-owned Assets Supervision and Administration Commission of the State Council.

10. Chinese electric vehicle maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market. First-quarter net profit was up 10.6% at 4.57 billion yuan ($631.08 million) while revenue grew by 4% to 124.94 billion yuan, BYD said in a stock market filing.