News

Canada Bans Fossil-Fuel Vehicles and HEVs 5 Years In Advance to Accelerate Carbon Reduction 

published: 2021-07-29 9:30

In order to construct a new economy that withstands climate change, the Government of Canada has announced that the country will comprehensively ban the sales of fossil fuel vehicles by 2035. It also proposed a stricter standard that requires all vehicles to be zero-emission by then, which means that HEVs will also be banned at that time. ... more

Form Energy’s Iron-Air Battery Becomes the Cheapest Storage Technology with a Cost 90% Less than Lithium Battery

published: 2021-07-28 13:55

The mysterious US startup Form Energy finally revealed the secret of its new battery, which is engineered with the iron-air battery technology to cut the cost to only 10% of lithium-ion, making it possibly the most inexpensive battery in the world. ... more

Tech Giants Facilitate Threefold Upgrades in Volvo’s EV Technology  

published: 2021-07-28 9:30

Volvo officially announced its new concept electric vehicle in an online presentation on July 1. In an effort to prepare for its comprehensive electrification strategy for 2030, the company has sought the help of tech giants such as Google, Nvidia, and Luminar to assist it with its integration of automotive software and hardware and to help it to further upgrade its automotive technology. ... more

Aiko Solar Plans to Raise RMB 3.5 Billion for Capacity Expansion

published: 2021-07-28 9:30

Aiko Solar announced recently that it plans to raise RMB 3.5 billion in a private placement of Class A shares. Excluding the transaction fee, the net proceeds of the share placement will be used to build production capacity in the Chinese city of Zhuhai and Yiwu. The company plans to add 6.5GW in Zhuhai and 10GW in Yiwu. The first phase of the latter project will add 2GW. Aiko is a major Chinese manufacturer of PV cells with production bases in the Chinese provinces of Zhejiang and Guangdong. ... more

Tesla Achieved Tenfold Growth in Net Profit and a Revenue of US$11.9 Billion During 2nd Quarter

published: 2021-07-28 9:30

Tesla announced its financial statement for the second quarter of 2021, and has surpassed US$1.1 billion in profit for the first time under a YoY growth of nearly 10 times, as well as exceeded the anticipation of the analysts pertaining to earning per share. ... more

Largest Green Hydrogen Project in Kazakhstan Will Produce 3 Million Tons of Hydrogen Each Year Using 45GW of Renewable Energy

published: 2021-07-27 9:30

The German renewable energy developer Svevind has recently announced the largest green hydrogen project in the world, which is a 30MW hydrogen electrolysis plant that produces 3 million tons of hydrogen each year using 45GW of onshore wind power and solar power. ... more

Charging Risk Rising As the GM Chevy Bolt is More Likely to Catch Fire than Gas Vehicles When Parked

published: 2021-07-26 15:23

Equipped with LG’s lithium battery, General Motor’s (GM’s) Chevy Bolt—as online rumors predict—becomes the first electric vehicle (EV) with higher risk of fire than gasoline powered vehicles. Last week, GM sent emergency messages to car owners, telling them not to park their car indoors or charge it overnight. ... more

Are Video Games the Easiest Way to Experience Tesla’s Cybertruck Ahead of Time?

published: 2021-07-26 9:30

The spotlight in the EV market is fixated on whether Tesla’s Cybertruck can successfully enter mass production by the end of the year. At any rate, one might not need to wait until then for a firsthand driving experience, if the Chinese iteration of PUBG, Game for Peace (or Peacekeeper Elite in some translations), is any indication. ... more

Formosa 2 to Apply for the Second Project Extension as Pandemic Disrupts Offshore Wind Power Construction 

published: 2021-07-26 9:30

The recent circulating rumor regarding how the COVID-19 pandemic disrupted the construction progress of Taiwan’s Formosa 2 offshore wind farm project has derived concerns from the lead bank of syndicated loan, and may impact the implementation of renewable energy policies as well as the stability of subsequent power supply. ... more

Renault Works with ST on Electronic Power and Hopes to Lower Cost of EVs and HEVs by 30%

published: 2021-07-26 9:30

In order to elevate the performance of EVs and HEVs, as well as implement carbon reduction, Renault announced a strategic partnership with STMicroelectronics (ST), where the latter will be responsible for the design, R&D, manufacturing, and provision of the chips and relevant packaging solutions required by the electronic systems used for BEVs and HEVs. ... more