Daily Shorts: Vattenfall abandons UK offshore wind project, Air Canada eyes greener fuels and more

Air Canada has signed deals to test and manufacture SAF, a sustainable jet fuel. Image: Air Canada

Sweden's Vattenfall said it would cease development of a 1.4 gigawatt GW wind farm off the coast of Britain, taking a hit of $537 million on earnings. The Norfolk Boreas offshore w...

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Asia bulks up on gas to strengthen energy security

Asian governments have become wary of a rise in gas prices and are building infrastructure to increase buffer stocks, a review by Reuters shows. The move follows last year's price ...

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Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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VW Group increases its EV deliveries by 48 pc YoY in first half this year

Image for representation purposes only. Source: Volkswagen Group

The Volkswagen Group has revealed that it has increased its deliveries of all-electric vehicles (BEVs) by 48 percent year-on-year to 321,600 vehicles in the first half of 2023. Of ...

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Bosch targets €5 bn worth sales with techs for hydrogen mobility by 2030

Bosch's fuel cell power modules in Ivec

German automotive technology firm Bosch is marking its entry into the age of hydrogen mobility with the commencement of volume production of its fuel-cell power modules. Nikol...

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Amid EV shift, Japanese could lose Thai auto market to China

Southeast Asia's largest automotive hub is gearing up for a China-Japan clash, market analysis shows. Chinese electric vehicle companies are heading into Thailand, and have so far ...

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Renault Chairman warns of 'Chinese storm' in EVs

Reducing Europe’s dependence on China for raw materials will require billions of euros in investment to build new supply chains, Senard says. Source: PR Newswire

Europe's electric vehicle sector faces a "Chinese storm", Jean-Dominique Senard, Chairman of French automaker Renault, said in an interview, referring to the Middle Kingdom's domin...

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China’s Hithium Energy Storage secures US $622 million in funding

Leading manufacturer of energy storage products, Hithium Energy Storage Technologies Co. (Hithium) has closed Series C funding round of over RMB 4.5 billion ($622 million) to advan...

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BYD to spend $620 mn for three-plant complex in Brazil

BYD says one of the three plants will be dedicated to electric trucks. Image: BYD

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba...

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Sinopec's first green hydrogen facility comes onstream with capacity of 20,000 TPA

The site of Sinopec's green hydrogen project in Inner Mongolia. Image: PRNewswire

The China Petroleum & Chemical Corporation, also known as Sinopec, has started production at its first green hydrogen plant, the Chinese news agency Xinhua said. The plant, loc...

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Maersk orders six more green fuel ships, taking total to 25

Maersk, which ordered its first methanol-powered ship in 2021, now has 25 such vessels on order. Image courtesy: Maersk

Shipping company AP Moller-Maersk has ordered six mid-size dual-fuel container vessels from China's Yangzijiang Shipbuilding Group. The ships, which can operate on fuel oil and gre...

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NIO secures about $1.1 billion investment from Abu Dhabi state-owned fund

Image for representation purposes only. Source: NIO

Chinese EV maker NIO has recently signed a share subscription agreement with CYVN Holdings, an Abu Dhabi government majority-owned investment firm, which will invest ...

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Chinese EV makers could storm West amid domestic slowdown

The price war in electric vehicles, currently underway in the West, could see powerful new entrants soon: Chinese firms. Saddled with capacity and slowing domestic demand, Chinese ...

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Chinese battery companies weigh $1.2 billion Vietnam foray

Chinese energy storage companies are evaluating big investments in Vietnam, which could total as much as $1.2 billion, according to news agency Reuters, which quoted unidentified g...

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Asia's largest coal-linked carbon capture unit comes on stream in China

 China has operationalized the largest coal-linked carbon capture, utilisation and storage (CCUS) facility in Asia, Reuters reports, citing a report on broadcaster China Centr...

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Tesla's Model Y becomes best-selling car globally, first EV to bag crown

Tesla had the top-selling vehicle globally in the first quarter of this year, data from Jato Dynamics shows. The company's Model Y beat Toyota's Corolla sedan and RAV4 compact SUV ...

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Tesla planning a new Megafactory in Shanghai for 'Megapack' energy storage systems

Tesla Inc. is all set to introduce its 'Megapack' battery energy storage systems (BESS) in the Chinese market, with the brand already enjoying a phenomenal success with its EVs in ...

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Kia steps up its EV strategy; targets 1.6 million EV sales in 2030

South Korean automaker Kia Corporation revealed its updated electrification (EV) strategy at the Kia CEO Investor Day event held in Seoul recently. This includes&nbs...

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BorgWarner completes SSE EV charging, Smart Grid businesses acquisition

BorgWarner has announced the successful completion of its acquisition of Hubei Surpass Sun Electric's (SSE's) Electric Vehicle Charging Solution, Smart Grid and Smart Ene...

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NIO's first EV battery plant could come up in Hefei with a capacity of 40 GWh

Chinese pure-electric automaker NIO is planning to build its first battery plant to make cylindrical battery cells on its own for its electric cars, according to Reuters' rece...

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LONGi launches new range of ALK Hi1 Alkaline Electrolyzers

Chinese H2 module manufacturer LONGi has unveiled new line of alkaline electrolyzers for global markets. The new ALK Hi1 series is claimed to benefit from lower energy co...

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Geely's Zeekr raises US $750m funding for global development of EV solutions

China's largest private-owned automotive group Zhejiang Geely Holding Group (Geely Holding) has announced a USD 750 million A-Series fundraising at ZEEKR Intelligent Tech...

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CATL partners with UL Solutions for UL 9540A testing of EV battery, BESS

Battery giant CATL and safety science expert UL Solutions have signed a MoU for strategic cooperation to help create safer deployment and use of battery energy storage systems...

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EVE Energy inaugurates R&D center for battery technology in China

Chinese battery manufacturer EVE Energy has opened its new, state-of-the-art battery technology R&D center at Huizhou in Guangdong province at a cost of CNY 2 billion...

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Hithium LFP battery ES powers China's largest standalone BESS

Xiamen Hithium Energy Storage Technology Co. Ltd. has announced that a 200MW/ 400MWh standalone energy storage station in Ningxia, using the company's advanced LFP energy...

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Tesla install 10,000 EV Superchargers in China

Tesla has installed its 10,000th supercharger for electric vehicle charging in China at Shanghai yesterday. With this, the US company has a cumulative count of more than 1,500...

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WESD 2022: Green Hydrogen ecosystem in India, China, and Japan

A dedicated session on green hydrogen ecosystem in the R1 Asia-Pacific region saw speakers discoursing on the current status, new prospects, and challenges of the emerging sector i...

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Johnson Matthey begins fuel cell recycling in China

British chemicals and sustainable technology firm Johnson Matthey (JM) has signed its first fuel cell recycling contract in China. Located in Zhangjiagang, Jiangsu province, the pl...

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Global Progress in 'Green' transition: Japan, China, South Korea

Energy storage solutions, whether applied to the power grid or EVs, make systems more flexible and are suitable for meeting low cost, low carbon electricity demands. Following is a...

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BMW to use round battery cells from 2025, plans for six 20 GWh giga factories

German automaker BMW has announced a 'new era of e-mobility' from 2025 with the models of its 'NEUE KLASSE' EV architecture, using newly-developed round battery cells adapted for t...

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