News

Abandoning Russia, European Renewable Energy May Need to Rely on China

published: 2022-10-19 9:30
Europe has relied on cheap Russian energy for decades and Russia has been happy to provide low-cost oil and gas. Now with the war, the EU has finally realized how risky it is to rely on one country for energy. Even if the lessons are learned, there is nothing that can be done. Solar energy is the top priority in the world's new energy policy, but 80% of the solar energy supply chain comes from China. Even if the EU countries cut off dependence on Russian natural gas and oil, they will only end up relying on another dictatorship. ...  more

Over 3,000 EVs Fires per Year in China, Insurance Premiums Leap 20%

published: 2022-10-18 9:30
As fuel vehicles gradually withdraw from the market, the world is chasing electric vehicles but the biggest risk of electric vehicles is not mileage anxiety, but fire. China, which is fastest in developing electric vehicles, saw the problem first. In 2021, the Chinese government reported at least 3,000 new energy vehicle fires and their fire risk is generally higher than that of traditional gasoline vehicles. ...  more

Why Do U.S. Solar Tax Deductions Help Blockchain Development?

published: 2022-10-17 9:30
The United States passed The Inflation Reduction Act in early August, spending $369 billion to support energy transition and combat climate change. While vigorously supporting the development of green energy, it also helps the development of blockchain. ...  more

Thousand KM Hydrogen Truck to be Released in 2025

published: 2022-10-15 9:30
Although hydrogen fuel cells lack incentives for small cars, it still has a future with large trucks. At the 2022 IAA Hannover Exhibition, Mercedes-Benz showcased a hydrogen fuel cell prototype truck, which is expected to be available in 2025. ...  more

Skyworth Auto Inaugurates Its 1.2GWh Battery Production Site in Jiangsu

published: 2022-10-14 9:30
Another Chinese NEV manufacturer has opted to manufacture its own batteries! On October 3, Skyworth Auto held an opening ceremony for its battery subsidiary in the Xuzhou Economic and Technological Development Zone, which is within China’s Jiangsu Province. On that same day, Skyworth’s battery plant also entered operation. ...  more