GreenergyDaily

Sep. 26, 2024

1. China's investment in water conservancy projects totaled 801.94 billion yuan ($114.23 billion) in the first eight months of this year, up 10.7% YOY, a government official said on Wednesday.

2. The world's first mobile steam injection platform for offshore heavy oil thermal recovery hit the water Tuesday in east China's Shandong. The platform can simultaneously supply over 300℃ high-pressure steam to up to 6 oil wells, making it highly efficient and cost-effective.

3. China strongly objects to the US proposal to restrict the use of Chinese connected vehicles and their software and hardware in the US, a Ministry of Commerce spokesperson said Wed, noting the proposal smears the Chinese vehicles under the pretext of national security and is one of the US actions that targeted Chinese automobiles in recent years, along with tariff hikes, procurement restrictions and discriminatory subsidy policies.

4. China on Wednesday started the construction of its first high-voltage alternating current (AC) and direct current (DC) hybrid power grid project in Jiangsu Province, marking another step toward a cleaner, safer, and more efficient energy system.

5. Nio has no plan to launch hybrid vehicles for its Onvo and Firefly sub-brands, CEO William Li told Yicai. Onvo's first model, the L60 rivaling Tesla's Model Y, sells from CNY206,900 (USD29,500) or CNY149,900 (USD21,400) with a monthly battery rental fee of CNY599.

6. BYD celebrated the production of its nine millionth NEV,  the electric supercar Yangwang U9, at its Shenshan plant yesterday. The Chinese carmaker reached this milestone just two months after hitting the eight million mark.

7. Chinese self-driving tech developer WeRide yesterday announced a partnership with Uber to bring its autonomous vehicles to the US ride-hailing platform, beginning from Abu Dhabi in the UAE later this year.

8. China National Building Material Group and Saudi Aramco yesterday signed a five-year deal to explore new opportunities in advanced materials and industrial development, including the possible establishment of manufacturing facilities in Saudi Arabia.

9. General Motors' China joint venture SAIC-GM and power battery giant CATL have jointly launched the fastest-charging electric vehicle battery to date, as carmakers scramble to speed up charging to be more competitive. The companies have jointly developed a battery based on lithium iron phosphate (LFP) chemistry that supports 6C ultra-fast charging, SAIC-GM said, adding that it is the first of its kind in the industry.

10. China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese EVs, steel and aluminum products. This type of investigation usually takes three months to complete but could be extended under special circumstances, China’s commerce ministry said on Thursday.