GreenergyDaily
October 12, 2023
1. On Oct. 11, Gotion High-Tech announced that the company plans to invest in a lithium battery production line project in Illinois, USA. The company's wholly-owned subsidiary Gotion Inc. signed the REV TAX CREDIT AGREEMENT with the Illinois government. Illinois will provide tax subsidies for this project based on the previously passed REV subsidy bill that specifically subsidizes new energy and electric vehicle companies. The final investment amount and subsidy amount will be subject to the actual investment situation.
2. The cumulative power generation of Baihetan Hydropower Station on the Jinsha River exceeded 100 billion kWh, equivalent to reducing CO2 emissions by about 82.4 million tons, ensuring the green economic development and electricity needs in the Yangtze River Delta regions, according to China Three Gorges Corporation on October 12.
3. Ford National Distribution Services Division will be merged into Changan Ford NEV, a new JV between Changan Auto and the Changan-Ford JV, with the latter's SVP Yang Dayong as GM, according to Yicai. Changan Ford NEV will also run Ford Mustang Mach-E's China business.
4. On Oct. 11, TCL Zhonghuan responded to the Shenzhen Stock Exchange's inquiry regarding its ability to implement the 25GW N-type TOPCon high-efficiency solar cell Industry 4.0 smart factory project. TCL Zhonghuan stated that it has completed the construction and trial production of a 500MW N-type TOPCon high-efficiency battery demonstration line, and has cultivated a technical team of more than 230 people who can meet the needs of iterative development and large-scale mass production of N-type TOPCon high-efficiency solar cells.
5. Recently, President Xi Jinping inspected a section of the Yangtze River National Cultural Park located in Jiujiang and also Sinopec Jiujiang Company, where he learned about local efforts in the construction of the park, the ecological restoration along the Yangtze River shoreline, and the petrochemical company's transformation and upgrading toward green development.
6. "While short-term investment and volatility remain prominent features of the energy world today, we at Aramco remain focused on bold, yet rational, long-term energy strategies and investments," said Mohammed Y. Al Qahtani, Downstream President of Aramco, at the Qingdao Multinationals Summit 2023.
7. China's new supplier SVOLT Energy has received 90GWh of production capacity orders from BMW in Europe. At the same time, 70GWh of orders from BMW in China will be provided by CATL or EVE. If the price per watt-hour is estimated at 0.6 yuan, the value of BMW's 160GWh battery order will reach CNY 96 billion, according to 36Kr citing people familiar with the matter on October 12.
8. China's Xiling Power and Abu Dhabi-based Bin Omeir Holding Group will spend CNY700 million (USD96 million) to set up a new energy vehicle parts factory with an annual output of 2 million NEV subframes and 500,000 electric scroll compressors, the Chengdu-based firm announced late yesterday, citing a deal the pair inked recently.
9. On Oct. 12, it was revealed that Tesla applied for a total of 836 patents from 2003 to 2022, while BYD applied for more than 13,000 patents during the same period. According to statistics from Patent Result, a Japanese patent investigation company, BYD's electric vehicle patents are 16 times that of Tesla's.
10. On Oct. 12, Guangdong Hydropower announced that it had signed an investment agreement for an electrochemical independent energy storage project in Burqin County, Xinjiang, with a scale of 200MW-800MWh and a total project investment of CNY 1.2 billion.
