Energy Insider: EV Startup Nio Eyes Europe Expansion
In today’s Caixin energy news wrap: Coal production rebounds in China after cold wave passes; eastern China’s Haiyang city becomes the first to adopt a net-zero heating system; Sinopec’s hydrogen project in Shandong to start operation.
Nio eyes expansion into five European countries
Chinese electric vehicle startup Nio Inc. plans to make forays into at least five European countries next year, Chairman Li Bin said Wednesday on a conference call. Li said Nio is quite optimistic about its business outlook in Europe as its operation in Norway showed that a quarter of customers placed orders after test drives. Nio opened its first European showroom in Norway.
Coal production rebounds in China as cold wave passes
The National Development and Reform Commission said coal production in several provinces quickly revived after recent halts due to a cold wave that swept the country. Daily coal output nationwide reached 11.8 million tons Tuesday. Stockpiles at major power plants topped 120 million tons, capable of supporting 21 days of operation.
Nuclear heating project starts operation in China’s Haiyang
Haiyang city in China’s east Shandong province became the nation’s first city with a net-zero emissions heating system as a nuclear heating project run by Haiyang Nuclear Power Plant started operation Tuesday. Taking the place of 12 coal-powered boilers, the nuclear unit now provides heat for 200,000 people in Haiyang with no carbon dioxide emissions.
Sinopec hydrogen project to start operation next month
China Petroleum & Chemical Corp. (Sinopec) said its hydrogen project in eastern China’s Shandong province is set to start operation next month, representing a further step in the company’s hydrogen expansion. With annual production capacity of 2,250 tons hydrogen, the project will supply hydrogen fuel cells in Qingdao city.
Sinopec joins Nio to build battery swap stations in Guangdong
Three battery swap stations went into operation in southern China’s Guangdong province, Petroleum giant Sinopec and EV startup Nio Inc. jointly built the units. As part of the companies’ partnership for developing green transportation, the stations will provide battery services for EV drivers.
China sets out detailed goals for cleaner production by 2025
The National Development and Reform Commission (NDRC) joined nine other central government agencies in issuing an action plan to accelerate clean transition in various sectors including industry, agriculture, services and buildings over the next five years. A series of detailed objectives were set in the plan including boosting energy and water efficiency, cutting emissions of carbon dioxide and pollution, and promoting the reuse of agricultural plastic, straw and animal waste.
CNGR adds investment in nickel project
Lithium battery material producer CNGR Advanced Material Co. said a wholly owned subsidiary agreed with Rigqueza International Pte. Ltd. on a further investment of $330 million in their joint nickel project in Indonesia. Under the new agreement, the project’s designed production capacity will double to 60,000 tons a year. The two companies decided to cooperate in nickel production in April this year amid growing demand from the booming electric vehicle market.
Contact editors Han Wei (firstname.lastname@example.org) and Bob Simison (email@example.com)
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