GreenergyDaily

Jan. 17, 2024

1. Leading Chinese battery maker Eve Energy said it plans to invest in and build an energy storage joint venture in Türkiye with a local energy firm to enhance its influence and competitiveness in the global lithium battery market.

2. The Chinese economy had rebounded and moved upward with an estimated growth of around 5.2% in 2023, above the official target of around 5%, Premier Li Qiang said on Tuesday in a keynote speech at the World Economic Forum in Davos as he vowed to further expand the country's opening up.

3. The Moscow Exchange, opens new tab trading volume in Chinese yuan surpassed that of the U.S. dollar in 2023, the Kommersant daily reported on Tuesday, as Moscow pursues a de-dollarisation strategy in the face of Western sanctions on its financial system.

4. The Chinese arm of German auto giant Audi has appointed Johannes Roscheck as president to accelerate the implementation of its electrification strategy in the world's largest electric vehicle market. Roscheck, who is head of corporate controlling and finance at Audi with over 25 years of experience in finance and production in the auto sector, will replace Jürgen Unser from April 1, the carmaker said on Jan. 15.

5. The 236.25-kW photovoltaic project atop the sound barriers of Yunxi Tunnel was put into operation recently in Hangzhou, east China's Zhejiang Province. The project can generate 210,600 kWh of green energy a year and cut CO2 emissions by over 1.2 million tonnes.

6. BYD will invest CNY100 billion (USD14 billion) over the next few years in developing intelligent NEVs as its key intelligent vehicle strategy to catch up with rivals such as Tesla and Huawei, Chairman Wang Chuanfu said at the BYD Dream Day event today.

7. Chinese solar material processing equipment manufacturer Shuangliang Eco-Energy System received a USD58.3 million production equipment order from a plant in Oman. Shuangliang will supply polycrystalline silicon reduction furnaces, hydrogen production equipment, and refrigeration units to a planned high-purity polysilicon plant with an annual output capacity of 100,000 tons in the Sohar Free Zone, owned by Oman's United Solar Polysilicon (FZC) SPC, the Jiangyin-based company announced yesterday.

8. China's manufacturing sector began the new year with a lot of reasons to celebrate. Full-year data from 2023 showed that auto production and sales both hit a record high to top 30 million units each; exports of solar batteries, lithium-ion batteries and electric vehicles exceeded the 1-trillion-yuan mark for the first time; and the sector's exports scale maintained the world's No.1 position.

9. By harnessing solar energy to generate electricity above while cultivating crops below, the Guanyun 10MW agriculture-solar complementary project, CDT's first one of its kind, achieves a win-win outcome. It can generate 10.77 GWh of green electricity annually on average.

10. BMW AG says demand for its luxury cars powered by gasoline reached its highest point last year and expects all-electric models to lead future growth. The German premium-car maker has well-filled order books for battery cars with a target of half a million vehicle sales this year, roughly a fifth of total deliveries, CFO Walter Mertl said.