GreenergyDaily

August 21, 2023

1. From Jan. to Jul. 2023, sales of Chinese branded passenger vehicles soared by 20.4% YoY to 7.19 million units. During the same period, the market share of these vehicles reached 53.8%, according to the China Association of Automobile Manufacturers.

2. China produced 18.4 bln cubic meters of natural gas last month, up 7.6% YoY. From Jan. to Jul., the country's natural gas output rose 5.7% YoY to 134 bln cubic meters, data from the National Bureau of Statistics showed.

3. On August 20, according to KAZINFORM, representatives of China's Geely Auto visited Kazakhstan recently, talked about the company's plan to integrate electric vehicle production in Kazakhstan, and East Kazakhstan's advantages in implementing the project, and expressed the need to Further research and analysis of this investment plan.

4. China, the world's biggest renewable equipment manufacturer, will set up a recycling system for aging wind turbines and solar panels as it tries to tackle the growing volumes of waste generated by the industry, the state planner said.

5. E China's Jiangsu province has registered the trading of over 1 mln green electricity certificates, according to Jiangsu Power Exchange Center Co Ltd.  Renewable electricity producers can obtain a government-issued certificate which represents 1,000 kWh of renewable energy, and sell the certificate for economic and environmental benefits.

6. Xpeng Motor said at its second-quarter conference call that the Chinese EV maker is confident of meeting the target of cutting overall costs by 25% by the end of next year, adding that it will enhance its product competitiveness and improve its profit margin.

7. According to the Ministry of Water Resources recently, China's water and soil erosion area stood at 2.65 mln square km in 2022, down 20,800 square km, or 0.78%, compared with 2021. Of the total, the area of hydraulic erosion is 1.09 mln square km, down 1.38% YoY. There is also a wind erosion area of 1.56 mln square km, down 0.36% YoY.

8. Recently, CHN Energy and the South African national electricity company (Eskom) signed a cooperation memorandum of understanding in Johannesburg, South Africa. The two sides will strengthen technical exchanges and cooperation in fields like energy saving, and pollutant emission reduction, and jointly develop wind power, photovoltaic, and other new energy.

9. According to Cailian Press, it was learned from China Evergrande New Energy Group (HK: 00708) that the first transitional funds newly introduced by the strategic investor have arrived on schedule today. 

10. According to CNPC, on August 19, CNPC (SH: 601857) and Mozambique National Petroleum Corporation (Empresa Nacional de Hidrocarbonetos) reached an agreement to deepen cooperation in the oil and gas fields.