GreenergyDaily
Aug. 21, 2024
1. Xpeng plans to expand into more right-hand driving markets in the coming months, such as the UK, Australia, and certain Southeast Asian nations, according to Securities Times citing Chairman He Xiaopeng. The Chinese EV maker has already established a presence in 70 countries through distribution partnerships by the end of July.
2. China-Africa economic and trade cooperation has continued to scale new heights since the 2021 Forum on China-Africa Cooperation, with the trade volume reaching $282.1 billion in 2023, up nearly 11% compared with 2021, delivering tangible benefits to the people of both China and Africa, Assistant Minister of Commerce Tang Wenhong said Tuesday.
3. The world's highest-altitude solar energy storage power station started 2nd-phase construction Tue in SW China's Xizang, with nearly 170,000 PV modules to be installed. The 150-MW power station at a max altitude of 5,228 m is expected to deliver 246 mln kWh of electricity yearly.
4. The China Association of Automobile Manufacturers said it firmly opposes a final draft from the European Union on high tariffs for Chinese made electric vehicles, CCTV reported on Wednesday. The decision brings "enormous risks and uncertainty" for China's operations and investment in the EU, the association said, according to the CCTV report.
5. The EU has slashed its planned extra tariff on Tesla electric vehicles imported from China by more than half, the bloc's executive said on Tuesday. The European Commission also revised its proposed punitive duties on imports of Chinese-made EVs in draft findings, in the highest profile EU investigation of alleged Chinese subsidies. It set a new reduced extra rate of 9% for Tesla, lower than the 20.8% it had indicated in July.
6. Chinese firm XPeng, forecast third-quarter revenue below expectations and missed June-quarter sales estimates on Tuesday, hurt by stiff competition and a drop in demand for its aging line-up of pricey electric vehicles. The company, however, expects to deliver between 41,000 and 45,000 vehicles in the third quarter, slightly above 40,008 units a year earlier.
7. China's electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centers, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration. The unprecedented load was met by record output from hydro and solar, ensuring coal-fired generation fell slightly compared with the same period a year earlier, showcasing the rapid transformation of the system. Total generation increased to a record 883 billion kWh in July from 846 billion kWh in the same month in 2023 and 806 billion kWh in 2022, according to the National Bureau of Statistics.
8. In July, China's electricity consumption hit a new record due to a prolonged heatwave, leading to increased use of air conditioning and refrigeration. Record output from hydro and solar power helped meet the demand, resulting in a slight decrease in coal-fired generation compared to the previous year. Total electricity generation in July reached 883 billion kWh, up from 846 billion kWh in 2023 and 806 billion kWh in 2022, according to the National Bureau of Statistics.
9. China plans to start constructing the world's 1st nuclear power plant coupling high-temperature gas-cooled reactor with pressurized water reactor in 2025. The first phase, including 2 pressurized water reactors and 1 HTGR, will yield 32.5 million tonnes of industrial steam and up to 11.5+ billion kWh of power a year.
10. China set a new domestic record in highest-altitude live-wire work on ultra-high voltage transmission lines Tue in NW China's Qinghai as the operation was conducted on a tower at an altitude of 4,353 m along a ±400kV UHV line for Qinghai-Xizang grid interconnection project.
