GreenergyDaily
Sep. 5, 2024
1. Swedish automaker Volvo Cars scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time. Major automakers have seen slowing demand for EVs partly due to a lack of affordable models and the slow roll-out of charging points, while also bracing for the effects of European tariffs on electric cars made in China.
2. BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker's global expansion.
3. Dongfeng Motor's premium electric off-road brand, M-Hero, has plugged into Nio's charging network, marking the latest brand to utilize one of China's largest charging networks. M-Hero has partnered with Nio Power, Nio's energy business unit, for charging services, the Dongfeng unit announced today on Weibo.
4. According to the 9th Forum on China-Africa Cooperation (FOCAC), both parties agree that energy is a key area related to Africa's economic development and an important part of the cooperation. China plans to promote investment in renewable energy projects in Africa, such as solar, wind, green hydrogen, hydropower, and geothermal energy
5. The world's largest typhoon-resistant wind power with marine ranch platform with an aquaculture water body of 63,000 m3, began operation Wed in S China's Shanwei. Designed to withstand typhoons up to level 17, it is expected to generate an annual output value of nearly $7.6 million.
6. German luxury carmaker Mercedes-Benz has announced increased investment in China to expand its product lineup in the world's largest auto market, despite increased restrictions on Chinese electric vehicles in the West. Mercedes plans to invest more than RMB 14 billion ($2 billion) in China with local partners to further diversify its localized product lineup of passenger cars and light commercial vehicles, according to a statement yesterday.
7. Chinese police have arrested the person responsible for creating the rumor about Nio's bankruptcy, as the electric vehicle maker ramps up its efforts to counter false information. Nio received a reply from the police today saying they have arrested the person suspected of creating and publishing the fake rumor about its bankruptcy, according to a statement today.
8. President Xi Jinping pledged on Thursday to step up Chinese support to Africa, the world's second fastest-growing continent, with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
9. Nio has signed an agreement with a Chinese state-owned enterprise to jointly promote electric vehicle infrastructure. Nio Power, the EV maker's energy arm, signed a strategic cooperation agreement with Suzhou Energy Group today, according to a statement by Nio. The two companies will work together on charging and battery swap network construction, virtual power plant construction and operation, and the creation of zero-carbon stations, the statement said.
10. Tesla has refuted rumors that CEO Elon Musk spent USD150 million buying a penthouse in Beijing’s Chaoyang district, Beijing Youth Daily reported today. A staff member at the real estate agency told National Business Daily that they do not disclose information about buyers.
