News

ArcelorMittal’s Aims to Produce 1.6 Million Tons of Green Steel by 2025

published: 2021-08-02 9:30

Similar to the cement and petrochemical industries in a way that they are all essential to the maintenance of daily lives, the steel industry occupies 7-8% of the total carbon emissions in the world. Although it is one of the most difficult industries to decarbonize, there are still a number of steel companies out there that have proposed ambitious targets. An example of this is the global steel giant ArcelorMittal, which aims to establish zero carbon steel plants by 2025. ... more

BMW iX to Cost Less than Model X in Taiwan

published: 2021-07-30 9:30

The price of the brand new BEV flagship SUV iX of BMW in Taiwan was officially announced today. As a leading EU luxury brand, the Taiwanese authorized retailer also revealed that 150 orders were obtained prior to the announcement of the prices, with less than half of the quota remaining for the first batch. ... more

LG Energy Solution Plans to Begin Mass Production for All-Solid-State Batteries in 2026

published: 2021-07-30 9:30

Park Jinyong, Asia marketing manager for LG Energy Solution, said that his company is currently developing a polymer lithium-sulfur battery. This new generation of all-solid-state battery technology, which is expected to offer even higher energy density, lower weight, and greater safety, could be applied to electric vehicles, drones, and remote-controlled crafts. ... more

ATW Plans to Raise RMB 550 Million for Developing Manufacturing Equipment for TOPCon Cells

published: 2021-07-29 9:30

Autowell (ATW), a Chinese provider of manufacturing equipment for PV products, has disclosed to Chinese news outlets that it plans to raise RMB 550 million by selling its shares to specific investors. ... more

Canada Bans Fossil-Fuel Vehicles and HEVs 5 Years In Advance to Accelerate Carbon Reduction 

published: 2021-07-29 9:30

In order to construct a new economy that withstands climate change, the Government of Canada has announced that the country will comprehensively ban the sales of fossil fuel vehicles by 2035. It also proposed a stricter standard that requires all vehicles to be zero-emission by then, which means that HEVs will also be banned at that time. ... more

Form Energy’s Iron-Air Battery Becomes the Cheapest Storage Technology with a Cost 90% Less than Lithium Battery

published: 2021-07-28 13:55

The mysterious US startup Form Energy finally revealed the secret of its new battery, which is engineered with the iron-air battery technology to cut the cost to only 10% of lithium-ion, making it possibly the most inexpensive battery in the world. ... more

Tech Giants Facilitate Threefold Upgrades in Volvo’s EV Technology  

published: 2021-07-28 9:30

Volvo officially announced its new concept electric vehicle in an online presentation on July 1. In an effort to prepare for its comprehensive electrification strategy for 2030, the company has sought the help of tech giants such as Google, Nvidia, and Luminar to assist it with its integration of automotive software and hardware and to help it to further upgrade its automotive technology. ... more

Aiko Solar Plans to Raise RMB 3.5 Billion for Capacity Expansion

published: 2021-07-28 9:30

Aiko Solar announced recently that it plans to raise RMB 3.5 billion in a private placement of Class A shares. Excluding the transaction fee, the net proceeds of the share placement will be used to build production capacity in the Chinese city of Zhuhai and Yiwu. The company plans to add 6.5GW in Zhuhai and 10GW in Yiwu. The first phase of the latter project will add 2GW. Aiko is a major Chinese manufacturer of PV cells with production bases in the Chinese provinces of Zhejiang and Guangdong. ... more

Tesla Achieved Tenfold Growth in Net Profit and a Revenue of US$11.9 Billion During 2nd Quarter

published: 2021-07-28 9:30

Tesla announced its financial statement for the second quarter of 2021, and has surpassed US$1.1 billion in profit for the first time under a YoY growth of nearly 10 times, as well as exceeded the anticipation of the analysts pertaining to earning per share. ... more

Largest Green Hydrogen Project in Kazakhstan Will Produce 3 Million Tons of Hydrogen Each Year Using 45GW of Renewable Energy

published: 2021-07-27 9:30

The German renewable energy developer Svevind has recently announced the largest green hydrogen project in the world, which is a 30MW hydrogen electrolysis plant that produces 3 million tons of hydrogen each year using 45GW of onshore wind power and solar power. ... more