GreenergyDaily
Jun. 26, 2024
1. In a first, a Chinese team realized hydrogen production on a floating platform by using offshore wind power to electrolyze seawater directly. The platform in SE China's Fujian achieved continuous, stable operation for 10 days under wave impacts and yielded 99.9%-pure hydrogen.
2. China's Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li's comments come as China and the European Union prepare to host technical talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the 27-strong bloc and after the United States unveiled steep tariff hikes on an array of Chinese imports, including EV batteries, in May.
3. China's first commercial hydrogen fuel cell-powered tour boat has been delivered for service at the West Sea of Lushan Mountain in east China. The 23.65-m-long zero emission ship can hold 22 people and sail up to 25 km/h with an endurance of about 4 hours.
4. The Bohai Oilfield, China's largest offshore crude oil production base, has completed the drilling of its Bozhong 19-6-D1 well at a depth of 6,088 m, marking the deepest well in the oilfield, the operator said on Tuesday.
5. China and the EU have agreed to start talks on the bloc's plan to impose additional import tariffs on China-made EVs; Beijing wants the barriers scrapped, per the Global Times. The negotiations ahead of a November deadline to finalise the levies underscores official concern for the future direction of the broader trade relationship. The issue threatens the $18 trillion economy more than its carmakers. They can survive EU tariffs, ranging from 17.4% on BYD, to 38.1% on Volkswagen's main partner SAIC Motor because the rates do not entirely erase China's EV's price advantage. Companies like BYD can also drive around the tariffs by setting up factories in friendly EU member states including Hungary and Poland.
6. Changan Automobile will establish a European unit this year to explore building a local factory, with the Chinese carmaker aiming to sell 300,000 vehicles on the continent by 2030. Changan Auto will debut its new energy vehicle brands Deepal, Changan Qiyuan, and Avatr in Europe this year and launch six models by 2027, according to the company's recent investor relations records.
7. There is no renewable energy overcapacity issue in most countries, including China, but there is instead a clear capacity shortage in the majority of nations, according to China's special envoy for climate change. It is necessary to continue enhancing the manufacturing capacity of renewable energy products, making clean energy more affordable and accessible, and promoting technological innovations, Liu Zhenmin said at the World Economic Forum's Annual Meeting of the New Champions, also known as Summer Davos.
8. China has received 113,000 subsidy applications for vehicle trade-ins since it rolled out the consumer goods trade-in program in March, the Ministry of Commerce announced yesterday. Governments at all levels are speeding up the payment of subsidies to relevant consumers.
9. Hozon Auto, the Chinese carmaker owner of electric vehicle brand Neta, has filed for an IPO in Hong Kong. Hozon Auto plans to use the proceeds mainly to expand overseas markets, enrich product portfolios, enhance smart auto technologies, enlarge sales services and charging infrastructure networks, and promote digital marketing and user community operations, according to a prospectus filed today. It did not disclose the financing size.
10. China's Contemporary Amperex Technology is willing to share its technologies with overseas battery manufacturers in Europe, South Korea, and the United States, according to the chairman of the world's largest battery maker. "How much of the goal you can achieve doesn't matter, as the key is sharing," Zheng Yuqun said yesterday at the World Economic Forum's 15th Annual Meeting of the New Champions in Dalian, China's northeastern Liaoning province. "CATL is willing to share its technologies with overseas competitors, even authorize them to use its technologies to help them build local supply chains."
