This week’s news from China is about wind energy and automobiles, especially EVs. China is determined to be a world leader in clean energy and investment in these sectors continues to grow, creating opportunities for production technology. One company alone will spend more than $ 6 billion over the next two years on offshore wind farms. Wow! For more specifics, upcoming trade show information and other industry information, read further.
China Three Gorges Renewables Group Co. Ltd., the Beijing-based publicly traded company that operates renewable energy businesses, will invest $ 6.4 billion in three offshore wind farms with a gross installed capacity of 1 GW each. They will be priced at around $ 2 billion each. The company produces wind energy, photovoltaic power, hydropower, solar energy and other energy products. The new wind farms are scheduled to complete the full capacity network connection in 2024.
This mega-investment illustrates China’s great push to further exploit offshore wind energy, the country’s main growth area within the wind energy industry. The recently installed gross offshore wind capacity is over 3 GW and even greater capacity is needed to meet development plans and requirements. The Global Wind Energy Council (GWEC) estimates that the newly installed global offshore wind energy capacity will reach 22 GW by 2025 and 40 GW by 2030. China plans to be at the forefront.
The Chinese Automobile Manufacturers Association (CAAM) has released its final data for 2021:
Total vehicle production of 26,082,000 units, with an annual increase of 3.4%.
Total car sales of 26,275,000 units, with an annual increase of 3.8%.
This puts an end to a three-year decline in China for automobile production and sales.
For new energy vehicles, total production was 3,545,000 units, with total sales of 3,521,000 units, an annual increase of 160%.
CAAM estimates that sales volume of new EVs will reach approximately 5 million units in 2022.
China has an exhibition entirely dedicated to new automotive energy technology, EVTECH EXPO. It will be held from May 31 to June 2, 2022, at the New Shanghai International Exhibition Center (SNIEC). The show covers eight key areas of EV technology:
Electric motor control technology for battery motors
New technology and equipment for the production of energy vehicles
Hydrogen fuel technology and hydrogen fuel station
New technology for charging and replacing vehicles with energy
New energy automotive electronic technology
Harness and connection technology
Thermal management technology
New EV testing technology.
For more information, please contact Fred Qian at [email protected].
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