GreenergyDaily

November 29, 2023

1. The first China International Supply Chain EXPO (CISCE) held its grand open on Nov 28, in Shunyi district, Beijing. The exhibition features five supply chains — smart vehicles, green agriculture, clean energy, digital technology and healthy living.

2. GeelyGroup today became the second Chinese carmaker after Changan Auto to reach a battery swap cooperation deal with NIO, which includes establishing battery standards, building a battery swap system, and forming a battery asset management mechanism.

3. The world's first hybrid electric ro-ro passenger ship with a pilothouse on both ends was delivered by its Chinese manufacturer on Wed. The ship with an installed battery capacity of 8.8MWh can carry 1,500 passengers and over 700 cars at full load.

4. Nvidia plans to expand its self-driving team in China, which is led by Wu Xinzhou, Xpeng's ex-VP of autonomous driving, according to recruitment posts published on WeChat yesterday. Nvidia is hiring in fields such as planning and control, system integration, and vehicle testing.

5. China's monetary policy will likely remain supportive of economic recovery in 2024 with a focus on nurturing new growth drivers, experts said after China's central bank governor emphasized the need to pursue sustainable economic growth.

6. PetroChina's clean energy industry is about to reach a new level of scale development, He Jiangchuan, vice president of PetroChina, said at the CISCE2023.

7. China leads the global renewables race with a record-breaking 230 GW installations in 2023, according to Wood Mackenzie's latest report.

8. Multiple teams in China are currently focused on technologies needed for building and running a space-based solar power facility, which will allow the sun's energy to be captured nonstop, something that isn't possible from Earth, said Hou Xinbin, a senior researcher at the China Academy of Space Technology in Beijing and a member of the Committee of Space Solar Power of the Chinese Society of Astronautics.

9. Chinese automaker Neta announced today that it has signed a cooperation agreement with PT Handal Indonesia Motor (HIM), an Indonesian electric vehicle manufacturer. Under the agreement, Neta's products will begin to be produced in Indonesia in the second quarter of 2024 in the form of complete knock-down (CKD) kits. Additionally, Neta has completed the delivery of its first batch of new cars to customers in Indonesia. By 2024, Neta plans to have a global sales network covering 50 countries and 500 overseas sales and service outlets.

10. Evergrande Property Services Group is suing its owner, embattled real estate giant China Evergrande Group, for using CNY13.4 billion (USD1.9 billion) of its deposits as collateral to raise funds that have subsequently been appropriated by banks.