The Chinese government has formalized the legal framework for recycling new-energy vehicle (NEV) batteries, reports Caixin. The mandate places the primary responsibility for recovering waste power cells on automakers as the industry braces for a surge in battery retirements. Under the new regulation, set to take effect on 1 April, NEV manufacturers are required to establish […]
Category: Energy & Environment
BYD and Ford are in discussions on a partnership in which the American carmaker would buy batteries from the Chinese auto company for some of Ford’s hybrid-vehicle models, reports the Wall Street Journal, citing people familiar with the matter. The two companies are still discussing how the arrangement would work. One idea is that Ford would […]
Beijing has given the green light to an asset-restructuring deal involving the country’s largest oil refiner and a leading distributor of jet fuel, reports the South China Morning Post. This is part of continuing efforts to streamline operations of major state-owned juggernauts. China Petroleum and Chemical Corp, better known as Sinopec, and China National Aviation Fuel Group (CNAF) […]
China agreed another decades-long liquefied natural gas deal with Qatar in a further move to safeguard its energy security, reports Bloomberg. China National Petroleum signed a 27-year LNG purchase agreement for 4 million tons annually with QatarEnergy on Tuesday. Supply will begin in 2026 and CNPC will take a 5% equity stake in a production […]
A feud between two of China’s biggest auto manufacturers, Great Wall Motor and BYD, spilled out into the open on Thursday, as the rivals traded barbs over environmental standards amid heightening competition in the world’s largest auto market, reports Nikkei Asia. Great Wall Motor issued a statement on Thursday claiming BYD’s plug-in hybrid models Qin […]