News

Official Package is Here; Tesla Model S Plaid Now Attains Maximum Speed at 322km/h

published: 2023-05-05 9:30

Tesla has announced a track package for Model S Plaid that finally allows this fastest production vehicle on earth to fully exert its performance, and extricate from its maximum speed at “merely” 262km/h. ... more

Sunwoda Posted RMB 52.162 Billion in Revenue for 2022 and Turned to Loss in 1Q23

published: 2023-05-05 9:30

On April 27, Sunwoda released its financial reports for 2022 and 1Q23. Regarding its performance for 2022, Sunwoda posted RMB 52.162 billion in realized revenue, showing a YoY increase of 39.63%. Its net profit attributable to the shareholders of the listed companies came to a total of RMB 1.064 billion, reflecting a YoY growth of 16.17%. ... more

LONGi Posted RMB 3.636 Billion in Net Profit for 1Q23 and Aims to Ship 85GW of PV Modules for 2023

published: 2023-05-05 9:30

On April 27, LONGi Green Energy Technology released its reports for 2022 and 1Q23. According to these reports, LONGi posted RMB 128.998 billion in operating income for 2022, representing a YoY growth of 60.03%. ... more

Runda Commences Construction on 10GW TOPCon Cell Project in Jiangsu

published: 2023-05-05 9:30

On April 23, government officials and company representatives in Jianhu County, which is within the Chinese city of Yancheng, held a ceremony to mark the development of several local manufacturing projects. ... more

Bosch Acquires TSI Semiconductors, Targets SiC Chip Production by 2026

published: 2023-05-05 9:30

Bosch, the German automotive chip giant, is set to acquire TSI semiconductors in response to growing demand from the EV market, international media reports. Although the acquisition amount remains undisclosed, Bosch has emphasized that the actual amount will depend on subsidies from US chip legislation. ... more

SVOLT Plans to Build Five Plants in Europe for Manufacturing EV Power Batteries

published: 2023-05-05 9:30

Chinese suppliers for Li-ion EV power batteries have been stepping up efforts to expand their manufacturing operations outside Mainland China. ... more

Ford Mustang Mach-E Follows Up with Tesla’s Price Drop amidst Upgrade in Production Lines and Improved Driving Range

published: 2023-05-04 9:30

Traditional automotive manufacturers have finally responded after Tesla’s repeated price drops over nearly 6 months. Ford announced another preorder for its electric SUV Mustang Mach-E that comes with an improved driving range, also with a price drop of US$3,000. ... more

Hai Long Offshore Wind Farm Begins Construction of Underwater Foundation Piles; CSBC to Fully Deliver in 2024Q3

published: 2023-05-04 9:30

Hai Long Offshore Wind Farm has chosen China Shipbuilding Corporation (CSBC) to be the supplier for the 63 underwater foundation piles of its 2A wind farm, with the two parties having signed a manufacturing contract at the end of last year. ... more

Taiwan Cement to Expand Deployment in New Energy by Issuing EU€250 Million Green Convertible Bonds through NHOA

published: 2023-05-04 9:30

Italian energy storage company NHOA, under Taiwan Cement, will be issuing EU€250 million of green convertible bonds for 5 years, and will participate in subscription through its wholly-owned overseas subsidiary TCC International Holdings. ... more

Toyota’s Hydrogen Fuel Cell Trucks Receive Zero Emission Certification in California

published: 2023-05-04 9:30

After 30 years of developing hydrogen fuel cell technology, Toyota has achieved a significant milestone by obtaining Zero Emission Powertrain (ZEP) certification in California for its heavy-duty powertrain system. This certification ensures the company’s eligibility to sell hydrogen fuel cell trucks in the state. ... more

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