News

On October 10, a joint venture of SAIC and Tsingshan Group held a ceremony to celebrate the commencement of the construction of a base for the manufacturing of NEV power battery systems. Located in the New Energy Industrial Park of the Liudong New Area, the base entails an investment of RMB 10 billion and is set to have a production capacity of 20GWh per year. Liudong New Area is part of Liuzhou, a prefecture-level city in China’s Guangxi Province. ...  more

Despite constant acceleration in the global trend of EV growth, automotive leader Toyota is still pessimistic towards EVs, as the company is not convinced that the government’s prohibition in fossil-fuel vehicle sales would come to fruition on the one hand, and disagrees with the 100% electrification strategy of other auto manufacturers on the other hand. ...  more

Qinghai Lihao Semiconductor Material Co. Ltd. announced on September 27 that it has completed the Series B fundraising. Investors include CJS International (CTG). ...  more

The government of New York City initially aimed to electrify all non-emergency vehicles by 2040, and has now attained the first phase target of 4,000 units that was originally set for 2025. ...  more

Flow batteries are long in lifespan, and convenient in assembly and expansion, while also capable of storing 1-20 hours of batteries. Chinese vanadium redox battery (VRB) supplier Rongke Power has now constructed the largest VRB energy storage plant in Liaoning, which is scheduled to commence operation starting from October. ...  more

On September 21, Hongling New Energy Technology (Urumqi) announced that it has signed an agreement to develop a high-purity polysilicon manufacturing project in a small and medium-sized enterprise incubation industrial park that is located in Urumqi’s Midong District. ...  more

After the 2011 Tohoku earthquake and tsumami, the Japanese government changed its energy policy and planned to develop safer nuclear reactors. To this end, Mitsubishi Heavy Industries announced that it will jointly develop a new nuclear reactor (SRZ-1200) called an "advanced light water reactor" with four Japanese power companies. It is currently expected to be completed and constructed in mid-2030. ...  more

Australia emphasizes the development of hydrogen by having engaged in corresponding studies since 2009 and announcing the National Hydrogen strategy in 2019. Many countries in Europe and Asia plan to import hydrogen from Australia, though an Australian research team has recently pointed out that the country is currently facing talent shortages and gaps. ...  more

The market for Li-ion energy storage batteries is booming as countries around the world adopt strategies for attaining carbon neutrality. Chinese battery supplier Farasis Energy wants to take advantage of this trend and leverage its advanced technologies related to EV power batteries to establish a presence in the market for energy storage solutions. ...  more

According to BloombergNEF’s (BNEF) 2022 Power Transition Trends Report, the share of total global wind and solar power generation exceeded 10% for the first time in 2021, reaching a new high, but at the same time, carbon emissions from coal-fired power plants have also broken a new record. ...  more