News

Swedish Li-ion battery manufacturer Northvolt announced on February 25 that it will be purchasing an old paper mill and its surrounding industrial area from Finnish paper manufacturer Stora Enso and converting it into a gigfactory for cathode active material and battery cells. ...  more

BYD’s subsidiary BYD Auto Industry Co. Ltd. and the Management Committee of the Shen-Shan Special Cooperation Zone have entered into an agreement under which BYD will invest an additional RMB 20 billion to develop the second phase of its auto industrial park that lies within the cooperation zone. ...  more

  Leading German energy firm RWE and India-based Tata Power Renewable Energy recently announced that they have signed an MOU to co-develop an offshore wind power market in India. ...  more

Hyundai has finally announced the price tag of its most powerful EV model IONIQ 5 for Taiwan. Available in three variations, the entry model will cost only NT$1.45 million, and it comes with a competitive driving range of 438km. ...  more

According to the data of Wind Europe, Europe added 17.4GW of wind power generation in 2021, which is a record high and a YoY increase of 18%. ...  more

LONGi has secured the contract to provide the PV modules and tracking system for the Al Kharsaah PV project in Qatar. The company made the announcement on February 23, and the story was first reported by other news outlets including GCC Business News. ...  more

The Bureau of Standards, Metrology, and Inspection MOEA held a press conference regarding the “APEC Cross-fora Forum” today (3/2) to unveil the upcoming APEC online forum on March 7-9. ...  more

The Ministry of Economic Affairs (MOEA) has established a solar module recycling mechanism to avoid the accumulation of discarded solar modules. ...  more

China Chamber of Commerce for Imports & Export of Machinery & Electric Products (CCCME) reported that based on the data from the General Administration of Customs of the PRC, exports of Li-ion batteries from China in 2021 came to US$28.43 billion in value. ...  more

The idea that electric cars can help reduce carbon may seem like a hoax to some but carbon emissions from new car sales in the UK have dropped by as much as 12% in 2021, according to the British Society of Motor Manufacturers and Traders (SMMT). ...  more