GreenergyDaily
May. 15, 2024
1. Leapmotor and Stellantis today announced that the Leapmotor International joint venture now begins operations to expand global electric vehicle sales, starting September 2024 in nine European countries, followed by other key growth regions.
2. The Bangladesh Power Development Board (BPDB) and China Huadian Corp. have agreed to install 160 MW of PV in Bangladesh. The solar facility will be deployed in an area that was originally designated to host a coal power plant.
3. Xpeng's second smart car marque Mona is about to enter phase II of Production Trial, after the first Mona-branded test model rolled off the production line at the same plant where the Chinese NEV startup is producing the P7, 21st Century Business Herald learned from sources.
4. Xiaomi has become China's 8th-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry data. Xiaomi's strong entry into China's crowded EV market is set to further upend the world's largest auto market, where companies have been locked in a fierce price war amid weakening demand.
5. On May 15th, it's reported that Farasis Energy and India Ingar signed a strategic cooperation agreement on power batteries. The two sides will deepen cooperation in areas such as new energy passenger vehicles, two wheeled vehicles, and battery swapping, promote energy transformation and industrial upgrading in Southeast Asia and South Asia, and achieve low-carbon transportation and sustainable economic development.
6. The 1st LNG carrier of a 6-vessel fleet under phase I of China's largest LNG carrier construction project was delivered Wed in Shanghai. The fleet, with each vessel able to carry 174,000-m3 LNG, will import 3.5 mln tons of LNG annually to meet 3-year demand of 9 mln households.
7. Fourteen companies listed in the Chinese mainland, including electric vehicle giant BYD and battery behemoth CATL, reported overseas revenue of over CNY100 billion (USD13.8 billion) last year, compared with 10 the year before. BYD, CATL, China Communications Construction, Weichai Power, and SAIC Motor achieved such milestone for the first time ever last year, according to data provider Wind Information.
8. Hozon Auto, the Chinese carmaker owner of electric vehicle brand Neta, said the fire incident with one of its models in China's Tianjin was not caused by a malfunctioning battery pack. Data on Hozon Auto's vehicle monitoring platform regarding the car's battery voltage, temperature, and insulation signals were normal until getting interrupted, the Tongxiang-based firm said late on May 13.
9. China officially started drilling of its 1st offshore multi-layer heavy oil thermal recovery oilfield in NE China's Liaodong Bay, the operator said Wed. Once completed, the new oilfield will be able to ensure a stable energy supply to a million-population city for 3.5 years.
10. Chinese PV firms told Yicai that the US tariff hike will only have a little impact on their business in the short term, as most of their products are indirectly exported to the country, after the White House announced to double tariffs on China-made solar cells to 50% this year. The Biden administration yesterday unveiled increases in tariffs on Chinese imports, including EVs, chips, and medical products. Import duties on China-made EVs were quadrupled to 100% and those on China-made semiconductor products were doubled to 50%.
