Electric vehicle startup Nio plans to set up an additional 1,000 battery swap stations in China this year as part of its dual strategy to push both battery charging and swap facilities for customer convenience, reports Nikkei Asia. Nio has been building a network of battery swap stations since 2018, with more than 1,300 in […]
Category: Energy & Environment
China Petroleum & Chemical (Sinopec), the world’s largest oil refiner by capacity, will accelerate its energy transition as the rising popularity of electric vehicles reduces demand for fuel, its chairman said on Monday, reports the South China Morning Post. The Beijing-based company will adjust the product output of its refineries, build more petrol stations that […]
Saudi Aramco will start building a huge refining complex in northeastern China as soon as next month, reviving a plan to be an all-inclusive source of energy and chemicals as the Asian nation eyes long-term energy security, reports Bloomberg. Aramco agreed to the deal with North Huajin Chemical and Panjin Xincheng to start construction on […]
Brussels is to impose curbs on imports of Chinese green technologies, demoting bidders for public contracts and making it harder for buyers to access subsidies, reports the Financial Times. The measures are expected to be unveiled by the European Commission on Thursday as part of a more aggressive drive to tackle China’s dominance in supplying […]
China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, helping drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs, reports Bloomberg. Falling costs will make around-the-clock clean power increasingly profitable, leading to the rapid deployment of renewables and batteries, analysts […]