GreenergyDaily
May. 10, 2024
1. China has become France's largest trading partner outside the EU, and France is China's major trade partner in the EU, He Yadong, spokesperson of the Ministry of Commerce, told Yicai. This means that the two economies have formed a common prosperity relationship, He added.
2. NETA officially signed a partnership agreement with FAB Ltd., an automobile company in Cyprus. The two sides will promote the development of NETA's sales and service network in Cyprus, aiming to deliver a smarter, greener, and safer driving experience to European consumers.
3. President Joe Biden's administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that's expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.
4. The Yangtze River Three Gorges 1, a fully electric river cruise ship, adds to the eco-friendly charm of cruising along the Xiling Gorge on the Yangtze River in C China's Hubei. With the world's largest battery power capacity of 7,500 kWh, it can travel 100 km on a single charge.
5. China's exports and imports returned to growth in April after contracting in the previous month, signaling an encouraging improvement in demand at home and overseas. The data suggests a flurry of policy support measures over the past several months may be helping to stabilize fragile investor and consumer confidence.
6. BP Plc's electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network. The company said it "is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement." It plans to spend $1 billion by 2030, half of it within the next two to three years to install over 3,000 charging points across the US.
7. Chinese electric carmaker NIO saw its 500,000th vehicle roll off the production line in Hefei, capital of east China's Anhui Province, on Thursday.
8. Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares at $21 per share, the source said, requesting anonymity as these discussions are confidential.
9. SAIC Motor sold 360,000 vehicles in April, out of which 216,000 were self-owned brands, accounting for over 60% of the company's sales. The sales of new energy vehicles experienced a YoY increase of 9.3%, reaching 75,000. Furthermore, the sales volume of overseas markets reached 92,000 vehicles, experiencing a YoY increase of 2.7%.
10. China's Passenger Car Association released data today indicating that the production of new energy passenger vehicles in China reached 802,000 units in April, up 33.5% YoY. In April, the new energy vehicle market in China retail sold 674,000 units, which is a YoY increase of 28.3%. Additionally, China exported 115,000 new energy vehicles in April, showing a YoY increase of 26.8%.
