1. China's sales of passenger cars grew 10% to over two million units in October from a year earlier, bringing this year's total to nearly 17.3 million units, according to the China Passenger Car Association.
2. Kazakhstan's President Kassym-Jomart Tokayev told the Russian daily Izvestia that the country is ready to transport more Russian oil and gas. Tokayev also said that Kazakhstan was ready for greater cooperation with Russia in the oil sector - including in transporting Russian oil. He said that plans called for a shipment of up to 100 million metric tons of Russian oil to China by 2033.
3. According to recent data released by SNE research, the global power battery installation continues to grow. Between January and September 2023, the battery capacity of electric vehicles (EV, PHEV, HEV) registered worldwide reached approximately 485.9 GWh, which is a 44.4% YoY increase. In September 2023, 56.9 GWH of power batteries were installed globally, which is down by 13.9% compared to 66.1 GWH in August.
4. According to LONGi, the only aspect in the current photovoltaic industry chain that can still undergo technological progress is the battery link. LONGi has been dedicating the past two years to researching and developing battery technology. The company is certain that it will be at the forefront of any mass-produced technology, but acknowledges that its leadership in the industry will only be temporary and will last for a few years.
5. Saudi Arabian sovereign wealth fund Public Investment Fund (PIF) is in talks with Shanghai-based electric-vehicle maker Human Horizons to take a stake of at least US$250 million, valuing the company at US$3 billion, Bloomberg News reported, citing sources.
6. After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world's polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026, according to a recent report by Wood Mackenzie. More than 1TW of wafer, cell and module capacity is forecasted to come online by 2024, meaning China's capacity is sufficient to meet annual global demand now through to 2032, based on Wood Mackenzie forecasts of annual demand growth.
7. Khurushkul, once a small village in Bangladesh's Cox's Bazar district, some 400 km southeast of the capital Dhaka, boasts Bangladesh's first wind power plant built by a Chinese company. The plant, a large-scale centralized wind power plant with 22 wind turbines with a single capacity of 3 MW installed, has started operation, facilitating the South Asian country's energy transition and green development.
8. China has released a plan for methane emission control, China's Ministry of Ecology and Environment said on Tuesday. The ministry vowed to strike a balance between methane control and energy security, food security, industrial supply chain security, and ensuring people's livelihoods. It will also actively promote the implementation of key tasks and measures for methane control in various sectors.
9. During the 2023 Energy and Electronics Industry Development Conference, Zhao Tianshou, a renowned academician from the Chinese Academy of Sciences, emphasized the significance of long-term energy storage technology as a crucial development direction for energy storage. A key solution to this problem is electrochemical fluid batteries. These batteries can be modularized, are flexible, safe, and have no geographical restrictions, making them ideal for long-term and large-scale energy storage.
10. Data from the China Passenger Car Association today showed that the retail sales of new energy passenger vehicles in October were 767,000 units, a YoY increase of 37.5% and a MoM increase of 2.7%. From January to October 2023, the new energy passenger vehicle market sold a total of 5.954 million units, a YoY increase of 34.2%.