GreenergyDaily

May. 24, 2024

1. The first wind power demonstration project in south China's Guangxi comprising 83 turbine units is under construction in Fangchenggang. The project can provide over 5 billion kWh of green energy a year upon full operation, meeting the demand of nearly 5 million households.

2. A subsidiary of state-run China National Offshore Oil Co, has signed oil exploration and production contracts with Mozambique's energy ministry and national energy company ENH, Chinese media said on Friday. The contract, for five offshore blocks in waters off the African nation covers a total area of about 29,000 sq km (11,200 sq miles) with water depths from 500 m to 2,500 m (1,640 ft to 8,202 ft), according to Chinese media outlet Jiemian.

3. Xiaomi Auto announced on Weibo today that it plans to deliver over 10,000 vehicles in June. Additionally, the company aims to significantly increase production capacity and deliver more than 100,000 vehicles in 2024, with a goal of reaching 120,000 vehicles.

4. Cui Dongshu, the secretary-general of the China Passenger Car Association, announced today that the market penetration rate of new energy commercial vehicles in China reached 14% from January to April 2024. This marks a significant increase from the 3% penetration rate observed from 2019 to 2021, 9% in 2022, and 11% in 2023.

5. According to The Paper, on May 22, a Tesla car caught fire at a supercharging station in Changzhou, Jiangsu Province, China, causing no casualties. According to staff at the Tesla 4S store, the fire was not a result of the vehicle spontaneously igniting, and they are waiting for an official reply to determine the specific cause of the fire.

6. A 13,000-TEU LNG duel-fuel large container ship was delivered Thur in Shanghai, becoming another made in China latest-generation green vessel to sail on east coast of South America. With advanced exhaust recycling system, the 336-m-long ship can cut greenhouse gas emissions by 28%.

7. On May 23, the largest NIO House in Europe—NIO House Amsterdam officially opened. NIO Founder, Chairman, and CEO William Li, NIO Co-Founder and President Qin Lihong, along with European user representatives and partners, witnessed this moment together with the local community.

8. Saudi Arabia's non-oil exports saw an annual rise of 3.3% in the first quarter of 2024, fueled by an increase in the value of re-exports, according to official data. According to the General Authority for Statistics, while national non-oil exports experienced a slight dip of 5.2%, the value of re-exported goods surged by 31.5% during the same period.

9. Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source. The move is aimed at addressing weakening demand for the U.S. automaker's aged model in China, its second largest market into which a majority of the cars produced at the Shanghai plant are sold and where a brutal price war has erupted among electric vehicle makers amid an economic slowdown.

10. Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles, an about-face from his January warning that trade barriers were needed or China would "demolish most other car companies in the world." On Thursday, Musk said he did not favour measures that distorted the market.