Struggling Chinese real estate conglomerate China Evergrande Group (OTC:EGRNF) said its electric vehicle unit will record a gain of about 24.79B yuan (US$3.59B) from transferring two companies to another group unit as part of a massive restructuring plan. The $3.59B gain will come to fruition after the sale of the entire issued share capital of […]
India, China to outpace other APAC countries in battery storage – EQ Mag
India and China to focus on Pumped Storage projects based on the cost competitiveness of solar and wind power with battery storage The world’s top energy guzzlers — India and China — will increase the use of pumped storage solutions in their power mix compared to other Asia-Pacific (APAC) countries such as Japan. “We expect […]
Electric vehicles are key battleground at Shanghai Auto Show – EQ Mag
China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up with Chinese competitors in the crucial electric vehicle market. China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up […]
Sinopec to build ‘West-to-East’ hydrogen transmission pipeline in China – report – EQ Mag
The company is also planning to build a green hydrogen plant in Ordos, Inner Mongolia China Petroleum and Chemical Corporation (Sinopec) will build a pipeline to transfer hydrogen from renewable energy projects in China’s north-western Inner Mongolia region to cities in its east, state-owned Xinhua reported. The pipeline will stretch 400 km from Ulanqab in […]
Mercedes-Maybach EQS 680 SUV teased ahead of April 17 debut in China – EQ Mag
This will be Maybach’s first electric vehicle. The new Mercedes-Maybach EQS 680 SUV will debut next month. The automaker released a lone teaser image that is less revealing than our most recent spy shots. The design isn’t much of a mystery, but the details – inside and out – are, and we’ll learn all about […]
China Energy plans 1000 MW floating solar plant in Zimbabwe – EQ Mag
The southern African country is currently generating less than half of its 1,700MW power demand HARARE : China Energy Engineering Corp. (China Energy) has proposed the construction of a 1,000 megawatt floating solar plant on Zimbabwe’s Kariba dam at a cost of nearly $1 billion, documents showed on Monday. The southern African country is currently […]
Army plans to instal green hydrogen-based power plants along border with China – EQ Mag
New Delhi : The Indian Army on Tuesday said it has set in motion a process for installation of a green hydrogen-based micro grid power plant project in the forward areas along the northern borders, a move that comes amid the eastern Ladakh border row with China. The project is being implemented in forward areas […]
PHYLION Lands New Project for Recycling NEV Power Batteries in China’s Anhui Province – EQ Mag
PHYLION New Materials and BOTREE signed an agreement to develop a new project for recycling NEV power batteries in the Huaibei Hi-Tech Recycling Industrial Park. The project is set to have a processing capacity of 40,000 tons per year. The industrial park is located in China’s Anhui Province. The first phase of the project spans […]
China could control a third of the world’s lithium by 2025 – EQ Mag
The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022 China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG. The bank expects Chinese-controlled […]
Don’t let China control clean energy supply chain, US officials warn – EQ Mag
HOUSTON : Officials from President Joe Biden’s administration warned leaders of the U.S. clean energy transition this week to decarbonize quickly and keep the supply chain out of China’s control. Washington’s message at the CERAWeek energy conference in Houston reflects growing concern that the rapid investment it is encouraging to fight climate change could backfire […]
