GreenergyDaily
Jul. 30, 2024
1. China's electricity consumption, a vital indicator of economic activity, surged to over 4.65 trillion kWh in the first half of 2024. This significant demand is backed by the country's robust power generation and transmission network, boasting some 920,000 km transmission lines at 220 kV and above by the end of 2023.
2. China's foreign trade grew by nearly CNY1.6 trillion (USD220 billion) every year on average since 2013, with the country's total merchandise trade remaining the world's largest for seven consecutive years, the General Administration of Customs said today. In the first half of this year, China's foreign trade exceeded CNY21 trillion.
3. Electric cars' growth this year builds on a record-breaking 2023, when sales soared by 35% to almost 14 million. Demand was largely concentrated in China, Europe & the US, but momentum is picking up in key emerging markets such as Viet Nam & Thailand.
4. BYD has launched the Sealion 6 DM-i hybrid SUV in the Philippines, further strengthening its model matrix in the Southeast Asian country. The Chinese new energy vehicle maker launched the Sealion 6 DM-i, which is known in China as the Song Plus DM-i, in the Philippines on July 25, according to a statement today.
5. Toyota's global production tumbled in June, down for a fifth straight month with the automaker hit hard by a certification scandal in its home market and a fierce price war in China. Output worldwide for Japan's biggest automaker slid 12.9% to 795,862 vehicles, the sharpest decline since December 2022. In its home market, output plunged 18.8% after the transport ministry found irregularities in applications by Toyota and other automakers to certify certain models in a widening of an auto safety scandal.
6. Recently, Jiemian News reported that the State Administration for Market Regulation of China announced that Tesla may reapply to register as an insurance brokerage company in China. Previously, Tesla Insurance Brokers Ltd. had not obtained a regulatory license within four years of being registered with the industrial and commercial industry.
7. China's carbon market had a trading volume of 465 million tons of carbon emissions and a turnover of CNY27 billion (USD3.8 billion) as of the end of June, Xinhua reported, citing the Ministry of Ecology and Environment.
8. EU wind and solar overtake fossil power in the first half of 2024. Wind power and solar power generated 30% of EU electricity, compared to 27% fossil generation, according to Global energy think tank EMBER.
9. Despite the global warming and wetting climate, the Qinghai-Xizang Plateau plays an important role as a carbon sink, according to recent studies conducted by the Institute of Mountain Hazards and Environment of the Chinese Academy of Sciences.
10. A NIO executive has asked Li Auto to stop sharing weekly sales rankings, saying it's a low-level competition that interferes with other companies' operations. The Chinese government has called on industries not to engage in low-level "involution", NIO's assistant VP of branding and communications, Ma Lin, said in a Weibo post today.
