International Energy Net reports that in the first quarter of 2024, China’s electricity generation from wind generators overtook hydropower generation to become the second largest source of electricity, accounting for 11% of the country’s total generation.
Bloomberg reports that Chinese solar manufacturer Longi told analysts that the solar industry could see an oversupply “for up to two years.”
Financial newspaper Caixin reported that China’s energy reform “seems to be at a crossroads,” citing several anonymous industry participants as saying that “next steps will focus on clarifying electricity distribution and trading rights, as well as determining the role of local authorities in the implementation of these reforms”.
The Hong Kong-based South China Morning Post reports that Chinese scientists have developed a solid-state lithium battery that matches the performance of other “next-generation” batteries at “less than 10% of the cost.” State news agency Xinhua reports that Chinese researchers have created a material that can cool buildings, which could “significantly” reduce carbon emissions.
Separately, Xinhua reported that China’s new energy vehicle (NEV) exports reached 80,000 units in June, up 12.3% year-on-year, and total NEV exports from January to June 2024. has reached 586,000 units, according to data from the China Passenger Car Association (CPCA).
Economic newspaper Yicai reports that the CPCA said China’s auto sales continued to fall in June as “weak demand” for gasoline-powered cars “offset a sharp increase” in NEV sales, which jumped by nearly 29% on an annual basis. Caixin claimed that Chinese car brands “topped” car sales in Israel in the first six months of 2024, adding that almost 70% of NEVs sold in Israel were from China.
Reuters claims that according to the CPCA, the EU‘s provisional tariffs on Chinese NEV imports “reduce by 20-30 percentage points” the growth rate of China’s NEV exports, which have fallen to just 10%. The China Association of Automobile Manufacturers (CAAM) said it was “disappointed and unable to accept” the EU’s additional tariffs, Yicai wrote. Bloomberg quoted Jorge Toledo, the EU’s ambassador to China, as saying on Sunday that China responded “just nine days ago” to EU requests for talks on the bloc’s anti-subsidy probe, even though Brussels had “offered consultations” to Beijing on the matter. “for months”.
Xinhua reports that on Monday, Chinese President Xi Jinping sent a “congratulatory letter” to the Green Development Forum of the Shanghai Cooperation Organization (SCO) countries, saying member countries want to “protect the environment and promote green development”.
Bloomberg reports that “another extremely hot summer, accompanied by drought, floods and typhoons, is putting China’s crop harvest at risk and increasing demand for electricity.”
China has allocated 200 million yuan ($27.5 million) to help Hunan and Jiangxi “quickly restore normal production and living conditions” after the extreme weather events in the two provinces. The newspaper reported that Zhengzhou, the provincial capital Henan, has issued a blue flood warning as “the rainfall… lasted for nine hours, accumulating more than 110 mm.
Illustrative Photo by Quang Nguyen Vinh: https://www.pexels.com/photo/wind-mills-on-land-against-cacti-in-countryside-6416345/
