GreenergyDaily
Aug. 20, 2024
1. Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle purchases and that he would be open to naming Tesla CEO Elon Musk to a cabinet or advisory role. "Tax credits and tax incentives are not generally a very good thing," Trump said.
2. The central banks of China and Vietnam on Monday inked a memorandum of understanding on bilateral cooperation, according to the People's Bank of China.
3. NIO's second brand, ONVO, has just rolled out its first production car, the ONVO L60, from the F2 factory in Hefei on Aug 15. This all-electric SUV is designed for families and meets the same high standards as NIO vehicles.
4. China's crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, in line with a broad decline in Chinese refiners' purchases that were curbed by tepid fuel demand at home. Russian oil arrivals, including via pipelines and shipments, totalled 7.46 million metric tons last month, or 1.76 million bpd, according to data from the General Administration of Customs. Shipments from No. 2 supplier Saudi Arabia totalled 6.41 million tons, or 1.51 million bpd, up 13% from a year earlier.
5. China's 1st high-energy synchrotron radiation light source, High Energy Photon Source, has made a major construction progress as electron beams with currents reaching 12 mA were stored in the storage ring, HEPS's main component that measures 1,360.4 m in circumference.
6. Nio Power is set to construct a new headquarters building in Wuhan's high-tech cluster, Optics Valley, as reported by IT Home today. Additionally, the power battery division of Chinese NEV startup Nio intends to establish a factory in Wuhan spanning 20,000 square meters with the potential to accommodate over 1,000 battery swap stations.
7. China has seen its electric vehicle charging infrastructure continue to expand, with the total number of charging piles exceeding 10.6 million units as of end-July this year, up 53% from a year ago, industry data showed.
8. China will impose anti-dumping duties on halogenated butyl rubber originating from the US, the EU, the UK, and Singapore from Tuesday, ranging from 23.1 to 75.5% for a 5-year period, the Ministry of Commerce announced Monday.
9. Hon Hai Technology Group has confirmed that its subsidiary Foxconn will invest in a new business headquarters and seven centers in Zhengzhou, central China's Henan Province, along with a new energy vehicle pilot production center and solid-state battery project. This move counters rumors of Foxconn's "withdrawal from China". Currently, China has over 200 million skilled workers, making up more than 26% of the workforce.
10. Huawei is helping to build the world's largest photovoltaic-energy storage microgrid as part of Saudi Arabia's Red Sea project to power this hospitality destination with fully clean energy.
