GreenergyDaily

Jun. 5, 2024

1. China's largest single-site capacity desert PV project has been connected to the grid in NW China's Urumqi. The 3.5-mln-kW project can generate 6.09 bln kWh of electricity a year, saving nearly 1.95 mln tons of raw coal and reducing CO2 emissions by over 6 mln tons.

2. A Chinese shipbuilder has signed a new order to construct two 740-TEU all-electric open-hatch container ships for a Chinese shipping company, marking the world's largest of its kind and the first ever built in China.

3. Longi Green Energy Technology told Yicai the Chinese solar penal giant will adjust its production plan in several regions to promote digital upgrades. Longi reportedly shut down its solar module plant in Malaysia this week and five other production lines in Vietnam.

4. China's electric vehicle maker NIO has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla's massive Shanghai plant, according to Reuters. Tesla can push out 1.1 million vehicles per year from its Shanghai plant, its biggest manufacturing hub globally. The latest approval for a plant with a 600,000-unit annual capacity is a major win for NIO, given China's state planner has been cautious about waving through new EV production plans since 2022 amid overcapacity worries and slowing demand.

5. BYD's unit FinDreams Battery signed an agreement with Tesla in March to supply battery cells to the latter's Shanghai Megapack factory from the first quarter of next year, LatePost reported today. FinDreams will become the Megapack factory's second supplier after CATL.

6. China's latest action plan to conserve energy and cut carbon emissions will invigorate the solar and wind power industries, and present unprecedented opportunities for domestic renewable energy companies, executives and experts said.

7. China aims to establish an initial carbon footprint management system by 2027, it said on Wednesday, a move that would create a more comprehensive and unified system of standards to measure carbon emissions. The system is meant to push toward China's carbon-neutral goal, according to a plan issued by the Ministry of Ecology and Environment and other relevant government bodies. It aims to release carbon footprint calculation standards for about 100 major products by 2027, and increase that number to 200 by 2030.

8. Volvo Cars' sales rose to 68,034 cars in May, up 13% from a year earlier, buoyed by a 27% jump in Europe and a strong performance by its fully electric EX30, the group said on Wednesday. Sales of fully electric and plug-in hybrid models rose 37% to account for 48% of group sales globally, Sweden-based Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement.

9. BYD was named in the first list issued by the MIIT and three other departments of auto firms to have market access and on-road testing of smart internet-connected vehicles, the Chinese automaker said yesterday. BYD got its L3 autonomous driving expressway testing license last July.

10. On June 4, China designated its first group consisting of 9 automotive manufacturers and 9 user entities to initiate pilot projects in seven cities including Beijing, Shanghai, and Guangzhou. The pilot will systematically conduct product testing and safety assessments to explore and perfect the management systems for the production admission and road traffic safety of intelligent connected vehicles.