China Green Energy
August 1, 2023
1. China's installed capacity of renewable energy hit 1.32 billion kilowatts by the end of June, accounting for 48.8% of the country's total installed capacity of power generation and exceeding the coal-fired power generating capacity, the National Energy Administration said.
2. China's installed capacity of renewable energy hit 1.32 billion kilowatts by the end of June, accounting for 48.8% of the country's total installed capacity of power generation and exceeding the coal-fired power generating capacity, the National Energy Administration said.
3. In the first half of 2023, vehicle production and sales in China were 13.248 million units and 13.239 million units, up 9.3% y/y and 9.8% y/y, respectively. In the case of a year-on-year decline in automobile production and sales in Q1, automobile production and sales recovered significantly in Q2.
4. A record high of China's NEV production and sales! According to China's National Development and Reform Commission, in the first half of 2023, China's NEV production and sales reached 3.788 mln units, up 42.4% y/y, and sales totaled 3.747 mln units, up 44.1% y/y; NEV sales accounted for 28.3% of total vehicle sales, up 2.7% YoY.
5. China must ramp up its annual wind and solar investments from $77 billion to USD 426 billion by the 2050s to achieve carbon neutrality by 2060, says a new study published in Nature.
6. According to Li Auto, its sales reached 32,500 units in July 2023, a new high.
7. The China-Pakistan Economic Corridor (CPEC) has brought Pakistan a number of projects generating socioeconomic impacts that align with the green transition. "This commitment by China is truly an all-weather friendship, and it has shown to the people of Pakistan," said Pakistan's Minister for Power, according to Xinhua.
8. The first time in 2023 that the government has given a green light to new nuclear power projects! Three nuclear power projects, two units for each project, have won approval, according to a State Council executive meeting chaired by Premier Li Qiang on Monday. The two new nuclear power units in Ningde, Fujian province, as well as the two in Shidao Bay, Fujian province will employ Hualong One, a domestically designed, third-generation nuclear reactor, China General Nuclear Power Group said.
9. SAIC Motor officially reported its sales data, remaining China's second-largest NEV maker in July behind BYD. The Shanghai-based firm shipped 91,000 vehicles in July 2023, the most monthly sales so far this year but a 14% drop from a year ago. SAIC sold 463,000 autos from January to July.
10. BYD announced on Tuesday that it sold 262161 new energy vehicles in July, compared with 162,530 units in the same period last year; it sold a total of 18,169 new energy passenger vehicles overseas in July; its cumulative sales volume in 2023 increased by 87.63% year-on-year.
11. Super Typhoon Doksuri made landfall on the coast of Jinjiang, Fujian Province with violent storms. At landfall, the maximum wind force near the center of the typhoon reached level 15, which had a serious damage on many photovoltaic power plants.
