GreenergyDaily

Apr. 26, 2024

1. The China Chamber of Commerce to the European Union, or CCCEU, condemned the European Commission's surprise raids of the offices of a Chinese company in Poland and the Netherlands on Tuesday in the name of investigating foreign subsidies.

2. China's Zhejiang is powering ahead with clean energy. Local wind power generation rose by 45.29% year-on-year to 3.81 billion kWh in Q1. Photovoltaic power generation also saw a YoY increase of 38.67% to reach 7.24 billion kWh.

3. Huawei and BAIC Group officially unveiled their first co-developed car model at the Beijing Auto Show 2024 yesterday. Rivaling the BMW 7 series and Audi A8, the Stelato S9 will hit the market in July, Richard Yu, head of Huawei's smart car BU, said earlier this week.

4. Japan's trade and finance ministries said on Wednesday they will initiate an anti-dumping investigation into graphite electrodes from China. The electrodes are an industrial material used in electric arc furnace steelmaking. The Japanese government decided to launch the probe in accordance with WTO agreements and domestic laws, after receiving an application from Japanese graphite makers SEC Carbon, Tokai Carbon and Nippon Carbon, the ministries said in a statement.

5. Toyota is forming a strategic alliance with Chinese internet giant Tencent, cooperating in AI, cloud computing and big data for electric vehicles sold in China, according to NikkeiAsia.

6. The China-built Asia's 1st cylindrical floating, production, storage, and offloading facility (FPSO) was delivered Fri in E China's Qingdao, marking China's leap in constructing deep-water oil & gas equipment. With a diameter of about 90m, it can store up to 60,000 tons of oil.

7. Chinese photovoltaic giant Trina Solar said its net profit widened over 50 percent last year. Net profit was CNY5.5 billion (USD760 million) in the year ended Dec. 31, the Changzhou-based company said in its annual earnings report released yesterday. Revenue soared 33 percent to CNY113.4 billion (USD15.7 billion). Trina Solar shipped a total of 65.21 gigawatts of PV modules last year, an increase of over 51 percent from the year before, continuing to rank third in the industry.

8. Researchers from China's Zhejiang University designed a new solar-assisted thermochemical heat pump system that can be used for space heating, cooling and domestic hot water (DHW) in residential applications. "In our work, we proposed a system that aims to achieve greater energy storage density," the research's lead author, Guoqing He said. "Using a thermochemical heat pump allowed us to use more solar thermal energy and reduce electricity demand."

9. It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week's event, and there are at least seven Chinese automakers touting its Qiankun installed in their cars as the most sophisticated advanced driving assistance system (ADAS) to date.

10. Tesla's profit dropped nearly 50% for the Jan.-Mar. quarter amid weakening EV demand in countries like China. But the U.S. company plans to accelerate the launch of new models, including more affordable cars, according to Nikkei Asia.