GreenergyDaily

Apr. 25, 2024

1. Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development citing slow sales. The Denza Z9GT is the fruit of BYD, founder Wang Chuanfu persisting with the brand after Mercedes-Benz effectively became a sleeping partner in their decade-old 50-50 premium EV venture by cutting its stake to 10%.

2. The American Alliance for Solar Manufacturing Trade Committee is accusing Chinese companies with factories in Malaysia, Cambodia, Vietnam and Thailand of flooding the U.S. market with panels priced below their cost of production. That has caused prices to collapse by more than 50%, threatening their U.S.-made products, they said, according to Reuters. 

3. China's tightening supply of carbon permits is likely to raise renewable energy demand and hasten the demise of inefficient coal-fired power plants. The carbon price topped 100 yuan ($13.80) on Wednesday for the first time since the market launched in mid-2021, ahead of new rules that would reduce free emissions allowances and limit the number that can be carried over into the following year.

4. VW Group aims to sell 4 million vehicles in China by 2030, with a market share of about 15%, the group said yesterday in its strategy update for the Chinese market. The German auto giant also plans to achieve cost parity with local competition in the compact car segment by 2026.

5. The orders for Xiaomi SU7 with lock-in configurations exceeded 75,723 units as of yesterday, with 5,781 units delivered in the first 28 days since its launch, the Chinese tech giant's Chairman Lei Jun said at the ongoing Beijing Auto Show 2024 today.  

6. Chinese electric vehicle (EV) startup NIO has set the starting price of the new version of its ET7 sedan at 428,000 yuan ($59,063), its chief executive said on Thursday. Deliveries of the ET7 are near 30,000 units since deliveries started at the end of March 2022, Nio CEO William Li said, calling the car China's best-selling electric sedan priced above 400,000 yuan.

7. A prototype of China-developed 18-MW semidirect-drive offshore wind turbine has rolled off its production line in southeast China's Fujian. The cost-competitive new model can generate 72 mln kWh of green energy a year, equivalent to cutting CO2 emissions by nearly 60,000 tonnes.

8. China's largest LNG reserve base in Yancheng, E China's Jiangsu has completed main structure construction of 6 storage tanks of 270,000 m3 each — the world's largest, one step closer to the tanks' operation launch in June which will push the base's total capacity to 2.5 mln m3.

9. China saw a new record of investment in water conservancy facilities totaling 193.3 billion yuan (about $27.2 billion) in the first quarter of 2024, up 4.4% YoY. The country began 9,683 new water conservancy projects in the same period, up 33.8% YoY, according to Ministry of Water Resources.

10. At a 200-megawatt wind farm in Hengshui, Hebei province, the world's largest tonnage wheeled crane XCA4000 completed its first lift in March, lifting a 130-metric-ton nacelle, a 40-ton hub and three 95-meter-long blades weighing 28 tons each, to a height of 162 meters for assembly on the tower.