GreenergyDaily
Aug. 13, 2024
1. Two super charging stations for electric vehicles were recently put into use in Beijing's Daxing and Fengtai districts. The stations offer over 400 kW of fast charging and have a daily charging capacity for up to 300 cars.
2. OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The OPEC lowered its forecast for demand growth this year to 2.11 million barrels per day in its monthly market report released on Monday. This was down 140,000 bpd from its previous estimate, and OPEC referred to "softening expectations for China's oil demand growth in 2024."
3. Global sales of fully electric and plug-in hybrid vehicles rose by a yearly 21% in July, thanks to China's strongest growth this year and despite dropping demand in Europe, market research firm Rho Motion said Monday.
4. The China-built Suki Kinari Hydropower project in Pakistan, a key project under the China-Pakistan Economic Corridor, saw its 1st unit connected to the grid Monday. Upon completion, the project will offer affordable clean power to over 1 million local households a year.
5. Asia's first carbon fiber hybrid-power high-speed passenger ship has been delivered in south China's Hong Kong SAR. The 44.75-m-long vessel can sail up to 26 knots, hold 500 passengers, and automatically switch between diesel and battery propulsion modes.
6. The China-designed world's largest installed capacity pumped-storage power station on Sunday saw the operations of its No. 12 unit, the country's 1st of its kind to adopt AC-exited variable-speed, in N China's Hebei. The 3.6-million-kW plant can generate 6.6 billion kWh of power a year.
7. A new ranking showed the popularity of Tesla's Model Y in China, despite the crossover facing a growing number of challengers over the past few years. The Model Y had wholesale sales of 298,384 units in China in the January-July 2024 period, the highest of any battery electric vehicle model, though sales were down 17% from the same period last year, according to a ranking released yesterday by Cui Dongshu, secretary-general of the China Passenger Car Association.
8. General Motors has been laying off staff in China, Bloomberg reported today. The automaker will soon meet with local partner SAIC to plan a larger structural overhaul of its operations there, according to Bloomberg citing people familiar with the matter.
9. The clean energy industry contributed 11.4 trillion yuan ($1.6 trillion) to China's economy last year, accounting for 9% of the country's GDP and contributing 40% to its GDP growth. The clean energy industry has been one of the main drivers of China's economic growth, and the country has made significant progress in virtually all major areas of clean energy.
10. The International Energy Agency kept its 2024 global oil demand growth forecast unchanged on Tuesday but trimmed its 2025 estimate, citing the impact of Chinese consumption. The IEA said the end of a post-COVID economic bounce in China was limiting global oil demand, but that advanced economies, notably the United States, where one-third of global gasoline is consumed, compensated for that loss.
