News

Shida Shenghua announced on October 13 that it has signed an agreement with Sichuan Zhongfuo Huatai New Material Technology to form a joint venture in Leshan, a city in China’s Sichuan Province. The new entity is named “Zhongfuo Shenghua”. ...  more

German auto manufacturer Opel officially announced to be returning to the Taiwan market, and will be bringing back its auto craftsmanship and latest technology. The German brand will release four new models for the first wave that will enliven Taiwan’s auto market. ...  more

Zhuzhou’s TV channel ZZBTV reported on October 10 that construction has begun for a major DG PV project in Mu County. The developer of the project is Zhuzhou CCRC Times Electric, a major Chinese conglomerate that is mainly involved in rail transportation and power equipment. ...  more

Major Chinese battery supplier EVE continues to undertake huge capacity expansion and investment projects. On September, it released three separate announcements revealing that it has injected capital into BTR, acquired a stake in Rifu Lithium Industry, and signed agreements to build a manufacturing base in Shenyang. ...  more

As the competition in the NEV market intensifies, carmakers have opted to develop and manufacture their own power batteries and power battery systems (NEV platforms). Recently, major Chinese carmaker Dongfeng Motor announced that its R&D center has achieve a significant breakthrough in power battery system. ...  more

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

Major Danish wind turbine supplier Vestas announced that the company would release an onshore wind turbine that has a hub as high as 199m, indicating how offshore wind turbines, in order to capture higher and stronger wind, are not only transitioning to large-size variations, but also becoming taller in size. ...  more

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

Maserati’s convertible EV GranCabrio Folgore is now confirmed to launch in 2023, and looks like a performance powerhouse according to the statistics recently revealed. ...  more

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