1. Shell announced today that its largest EV charging station officially opened in Shenzhen. The station boasts a total of 258 public fast-charging terminals to cater to the EV charging needs of the public. Shell has formed a JV with BYD to operate the station. During the trial phase, the station has successfully charged more than 3,300 electric vehicles every day. The station has also installed solar photovoltaic panels on its roof, which can generate up to 300,000 kWh of power annually, all of which will be utilized to charge the customers' vehicles.
2. China's EV giant BYD takes more than a quarter of the share of EVs sold in SE Asia, shooting rivals including Tesla, according to Reuters. BYD sold more than 26% of all cars in SE Asia's EV market in 2023Q2, according to Counterpoint. EVs constituted 6.4% of all passenger vehicle sales in SE Asia in 2023Q2, up from 3.8% in the preceding quarter, and the region could gain in importance for Chinese automakers after the EU last week announced an investigation into Beijing's EV subsidies.
3. On Sep. 19, the Western Australian government stated that it had signed a contract with China's CATL to provide containerized liquid-cooled battery systems for the Kwinana battery phase II project and the Collie battery project. Spanish company Power Electronics will provide inverters for both projects. The statement shows the total value of these contracts exceeds A$1 billion.
4. Greater Bay Technology, a subsidiary of GAC Group, said at a media interview for Guangzhou's green petrochemical and new materials industry on Sep. 19 that the company built the world's first ultra-fast charging battery factory in Nansha, Guangzhou last year, and it is expected to be put into production in October.
5. On Sep. 18, Gazprom announced it had achieved its maiden delivery of liquefied natural gas (LNG) using the Northern Sea Route in the Arctic Ocean. The cargo was meant for China, which has emerged as a key market for Russian fossil fuels amid sanctions over the war in Ukraine.
6. On Sep.19, it is reported that China's capital city Beijing is taking swift steps to allow robotaxi businesses to grow. As of Tuesday, the suburban Beijing city district of Yizhuang is officially letting local robotaxi operators, primarily Baidu and startup Pony.ai, charge fares for fully autonomous taxis, with no human staff inside.
7. Russia's United Oil and Gas Chemical Co. and China's Xuan Yuan Industrial Development have agreed to jointly invest CNY 5 billion ($686 mln) in the construction of a transshipment oil complex in Russia's far east, the Roscongress fund said on Monday. The complex will facilitate Russia's oil exports to China as Moscow expands its infrastructure to diversify exports of commodities eastward and away from Europe.
8. On Sep. 19, LONGI announced s that the company passed a proposal to invest in constructing a high-efficiency monocrystalline cell project with an annual output of 12GW in Tongchuan, with an estimated total investment of CNY 3.915 billion. The project is expected to be gradually put into production in November 2024 and reach production in November 2025.
9. On Sep. 19, according to the latest data from China's National Energy Administration, as of the end of August, the country's cumulative installed power generation capacity was approximately 2.76 bln kW, up 11.9% YoY. Among them, the installed capacity of solar power generation is approximately 510 mln kW, up 44.4% YoY; the installed capacity of wind power is approximately 400 mln kW, up 14.8% YoY.
10. Based on the latest data from the National Energy Administration of China, the country's major power generation companies invested a total of CNY 470.3 bln in power supply projects from Jan. to Aug., reflecting a significant increase of 46.6%. Specifically, investments in solar power reached CNY 187.3 bln, a remarkable 82.7% YoY growth, while nuclear power investments amounted to CNY 52.2 bln, up by 56.9% YoY. Investments in wind power also increased by 38.7% YoY, resulting in CNY 114.9 bln. Additionally, investments in power grid projects reached CNY 270.5 blno, a moderate increase of 1.4% YoY.