GreenergyDaily
November 23, 2023
1. It is not possible for the U.S. to achieve the target of carbon neutrality by solely relying on its domestic new energy products, which are quite expensive now and are not able to offer economic leverage, said Wang Qi, chairman of the U.S.-China Green Energy Council (UCGEC), a non-profit organization, noting that the price-competitive photovoltaic and wind power equipment from China instead offer a good path to U.S. carbon neutrality.
2. Chinese NEV maker Li Auto expects its NEV sales for the year 2024 to reach 800,000 units, up 116% from this year's prediction of 370,000 units, The Paper reported yesterday. The firm sold 244,200 units in the first three quarters of the year.
3. Guizhou is leading the charge in the NEV sector! Impressively, the total output value of companies whose annual revenue surpasses 20 million yuan ($2.8 million) each in Guizhou's NEV battery and materials industry surged to 53.2 billion yuan in 2022.
4. Chinese researchers have developed a soft implantable device with integrated wireless charging and Zinc-ion hybrid supercapacitors that can be used for in vivo drug delivery, according to a study published in the journal Science Advances.
5. LG Energy Solution, one of the world's top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant in Michigan. Fellow South Korean battery maker SK On, which signed an $11bn deal with Ford in 2021 to help electrify the US carmaker's fleet, said it was also putting workers on furlough as it reduces output at its plant in Georgia.
6. China takes the lead in global green hydrogen (GH2) development: Investments in the sector hit 300 bln yuan ($42.04 bln) in Jan-Sept of 2023; GH2 production cost to drop by 20% to 20 yuan per kg by 2030; Number of hydrogen refilling stations tops the world.
7. Goldwind completed the hoisting of its GWH252-16MW unit in a record-breaking 24 hours. It has not only reduced construction costs but also served as a vital breakthrough for scaling up offshore wind potential in future projects.
8. The People's Bank of China and the National Bank of Cambodia signed two Memorandums of Understanding on Tuesday to enhance financial cooperation. One of the MoUs is about the cooperation on establishing yuan clearing arrangements in Cambodia and another on cooperation on financial innovation and payment systems.
9. FAW-Volkswagen announced the pre-sale of ID.7VIZZION today, which is priced at 237,777 yuan.
10. Leapmotor closed up 4.9% today after its co-president Wu Qiang said the USD1.6 billion deal with Stellantis has been finalized and the Chinese EV startup will start supplying the European market in the third quarter of next year.
