Recently, CECC Beijing Equipment Company held a forum on hydrogen energy equipment development and a new product conference, announcing that the 1,500-square-foot alkaline electrolyser, which was independently researched, developed, designed and manufactured by CECC, was officially rolled out of the production line, marking the fact that CECC has comprehensively mastered the technology of core equipment development in the field of hydrogen production, and possesses the strength of developing high-power alkaline electrolyser and complete sets of equipment for hydrogen production system.The electrolyser is designed to produce 1500 standard cubic metres of hydrogen per hour. Under the rated working condition, the DC energy consumption is 4.3 kWh per standard square of hydrogen, and the maximum hydrogen production can reach 2,000 standard cubic metres per hour, which has the features of safety, reliability, high power, low power consumption and high dynamic response, and a single product is expected to save 800,000 kWh of energy per year.The 1,500-square-meter alkaline electrolyser is another important achievement following the completion of the first 8 MW alkaline electrolytic water-to-hydrogen generation unit steady transient test platform jointly constructed by Beijing Equipment Corporation, Tsinghua University and Tsinghua Sichuan Energy Internet Research Institute on 27th September. China Energy Construction Beijing Equipment Corporation will continue to promote the deep integration of production, learning and research through school-enterprise alliance, actively carry out hydrogen energy core technology research, continue to promote the development of safe, reliable, flexible and efficient hydrogen production system core equipment, and accelerate the development of hydrogen energy industry of China Energy Construction.Note: This article is reproduced from China Energy Construction Beijing Equipment Corporation. Copyright belongs to China Energy Construction Beijing Equipment Corporation. If there is any infringement, please contact us to delete.

On 25 October, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), the Ministry of Industry and Information Technology (MIIT), and the Ministry of Ecology and Environment (MOE) jointly issued the "Guiding Opinions on Promoting the Green, Innovative and High-Quality Development of the Oil Refining Industry" (hereinafter referred to as the "Guiding Opinions"). The Guiding Opinions proposed that, by 2025, the domestic primary crude oil processing capacity would be controlled at less than 1 billion tonnes, the 10-million-tonne refining capacity would account for about 55 per cent, the capacity structure and productivity layout would be gradually optimized, the strength of technology and equipment would be further enhanced, and the efficiency in the use of energy and resources would be further improved, among other things.China's total refining capacity has reached 920 million tonnes per year, ranking first in the world, but the start-up rate is still a gap compared with developed countries. And the incremental output of China's major petrochemical products has become a major contributor to the petrochemical industry in Asia-Pacific and the world, accounting for a stable share of more than 40 per cent of the world's chemical market. China's production capacity and output of bulk basic chemicals steadily ranked first in the world.Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Federation, believes that in the development of the road from big to strong, the transformation of China's petrochemical industry is still facing multiple challenges: one is the resource constraints bottlenecks are tightening, 2022 China's dependence on foreign crude oil for 71.2%, to the first half of 2023 to increase to more than 72%; another is the lack of strong innovation capacity.The Guidance focuses on the deployment of four aspects of the 17 tasks: in promoting industrial optimisation and upgrading, the deployment of optimising the structural layout of production capacity, strict control of new refining capacity, promote refinery renovation and upgrading, accelerate the elimination of backward production capacity, and improve the management of the refining industry, five tasks; in promoting the efficient use of energy and resources, the deployment of strengthening the management of energy and water efficiency, promoting the optimisation of the system of energy, the implementation of the process of equipment upgrading, and encouraging the recycling of resources. 4 tasks; in accelerating green and low-carbon development, the deployment of guiding the refining process to reduce carbon emissions, promote carbon dioxide recycling, support hydrogen production and use of hydrogen to reduce carbon emissions, and explore the strengthening of carbon emissions management 4 tasks; in strengthening scientific and technological innovation and leadership, the deployment of optimisation of innovation systems and mechanisms, strengthen the application of software development, the development of new refining technologies, and accelerate the research and development of low-carbon technologies 4 tasks.The National Energy Board of energy conservation and science and technology equipment division responsible person said that the "guiding opinions" from the actual oil refining industry in China, the systematic deployment of the relevant work, will be a powerful guide to the oil refining industry to promote green innovation and high-quality development practice.Note: This article is reproduced from Shanghai Securities News. Copyright belongs to Shanghai Securities News. If there is any infringement, please contact us to delete.

Demand for oil, coal and natural gas is set to peak before the end of this decade, with fossil fuels’ share in the world’s energy supply dropping to 73% by the year 2030 after being “stuck for decades at around 80%,” the International Energy Agency said Tuesday.A transformative shift in how the planet is powered is also underway, with the “phenomenal rise of clean energy technologies” like wind, solar, heat pumps and electric cars playing a crucial role, according to a statement accompanying the IEA’s World Energy Outlook 2023 report.Energy related carbon dioxide emissions are also on course to peak by the year 2025.Despite these seismic shifts, the IEA says more effort is required to limit global warming to 1.5 degrees Celsius, a key goal of the Paris Agreement on climate change.The IEA’s analysis of governments’ “current policy settings” shows the world’s energy system is on course to look very different in the next few years.In its statement, the Paris-based organization said it sees “almost 10 times as many electric cars on the road worldwide” in 2030, with “renewables’ share of the global electricity mix nearing 50%,” higher than the roughly 30% today.Among other things, heat pumps — as well as other electric heating systems — are on course to outsell boilers that use fossil fuels.“If countries deliver on their national energy and climate pledges on time and in full, clean energy progress would move even faster,” the IEA’s statement said.“However, even stronger measures would still be needed to keep alive the goal of limiting global warming to 1.5 °C,” it added.“As things stand, demand for fossil fuels is set to remain far too high to keep within reach the Paris Agreement goal of limiting the rise in average global temperatures to 1.5 °C,” the statement went on to say.In a sign of how high the stakes are, the IEA’s report said its Stated Policies Scenario was now “associated with a temperature rise of 2.4 °C in 2100 (with a 50% probability).”Tuesday’s report reaffirms the content of an op-ed published in September 2023 that was authored by the IEA’s executive director, Fatih Birol, and published in the Financial Times.In remarks published Tuesday, Birol sought to emphasize the huge potential for change while also highlighting the massive amount of work that still needs to be done.“The transition to clean energy is happening worldwide and it’s unstoppable,” he said. “It’s not a question of ‘if’, it’s just a matter of ‘how soon’ — and the sooner the better for all of us,” he added.“Governments, companies and investors need to get behind clean energy transitions rather than hindering them,” Birol said.“There are immense benefits on offer, including new industrial opportunities and jobs, greater energy security, cleaner air, universal energy access and a safer climate for everyone.”“Taking into account the ongoing strains and volatility in traditional energy markets today, claims that oil and gas represent safe or secure choices for the world’s energy and climate future look weaker than ever,” Birol said.COP28 nearsThe IEA’s report comes just weeks ahead of the U.N.’s COP28 climate change summit in the United Arab Emirates.The shadow of the Paris Agreement, reached at COP21 in late 2015, looms large over the IEA’s report.The landmark accord aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.”The challenge is huge, and the United Nations has previously noted that 1.5 degrees Celsius is viewed as being “the upper limit” when it comes to avoiding the worst consequences of climate change.Note: This article is reproduced from CNBC. Copyright belongs to cnbc.com. If there is any infringement, please contact us to delete.

On 9 October, China Chain Store Association (CCFA) released "2022 China Automotive Aftermarket Chain Enterprise TOP50". Among them, EJ Car Care, with 9,313 shops, topped the list, followed by Tohu Car Care with 4,653 shops. The third to fifth places are Mobil 1 Car Care (2,800 shops), Tmall Car Care (1,800 shops), and Baidu Fine Care (1,718 shops).In 2022, the Top50 automotive aftermarket chains had a total of 167,000 shops, of which 25 had more than 1,000 shops.These enterprises are mainly located in various provinces and municipalities across the country. Specifically, they include Shanghai (12), Zhejiang (11), Beijing (10), Guangdong (3), Jiangsu (3), Shandong (2), Hebei (2), as well as Tianjin, Fujian, Anhui, Hunan, Hubei, Henan and Sichuan (1 each).Photo credit: China Chain Store Management Association (CCFA)

KEY POINTSIndonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more broadly.The Southeast Asian country is rich in copper, nickel, cobalt and bauxite — materials essential for the manufacturing of electric vehicle batteries.Indonesia has banned exports of certain metals and minerals in a bid to draw investors and manufacturers in need of those materials to its shores.Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more broadly. Indonesia could be the “gateway” to the rest of the Association of Southeast Asian Nations, said Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian conglomerate whose electric vehicle unit VKTR manufactures electric buses as well as EV parts. The Southeast Asian country is rich in copper, nickel, cobalt and bauxite — materials essential for the manufacturing of electric vehicle batteries. Indonesia is the largest nickel exporter, accounting for 22% of the world’s reserves, according to a report by the ASEAN Briefing. Indonesia has courted the likes of Tesla in the hopes of spinning its resource riches into becoming a key global supply chain hub for electric vehicles. “Indonesia’s rich endowment in natural resources required for EVs underpins its attractiveness … and is certainly a pull factor for EV investments especially in the aftermath of a nickel ore ban and a government that is increasingly calling for the beneficiation of its natural resource to unlock economic growth,” Koketso Tsoai, automobiles analyst at BMI Fitch Solutions told CNBC. Indonesia has banned exports of certain metals and minerals in a bid to draw investors and manufacturers in need of those materials to its shores. The country’s goal to become a global EV battery hub has seen significant support in recent years. Asian automakers like Toyota and Hyundai have made billion dollar investments to expand EV production facilities in Indonesia. A 2022 ASEAN investment report noted that EV battery production made up a significant share of foreign direct investment in the region between 2019 and 2021, especially in Indonesia, Malaysia and Thailand. Despite Indonesia’s efforts, the country still faces hurdles in boosting vehicle production. “It will be tough for Indonesia to replace Thailand as a regional vehicle production hub, as the latter has a long-established export-oriented automotive industry. Indonesia will also face challenges from lower-cost producers like Vietnam and the Philippines,” said Nishita Aggarwal, automotive analyst at EIU. Still, the growth of Indonesia’s EV sector could give a halo effect to its neighbors. By providing access to the key materials for EV batteries, the country “could attract much more investment and … help ASEAN as a region adopt electric vehicles faster and more cheaply,” according to a report by Maybank. Investing in ASEANAlthough Indonesia’s natural endowments play a major role in building ASEAN’s competitive EV ecosystem, Bakrie & Brothers suggest that investors are likely to look at the region as a whole. The company’s CEO said that “producing the actual EVs in Indonesia, I think it is something that these companies will take a look at ASEAN as a region.” He believes that countries can “combine forces” to bring in different strengths and expertise to benefit the EV ecosystem of the region. Malaysia, for example, offers an “even more niche product mix of high-tech goods in an era of increasing digitalization in the automotive industry,” BMI’s Tsoai said. He noted that within ASEAN, Indonesia will take on an “outsized role in the upstream sector of the EV supply chain.” Nonetheless, Indonesia’s dominance in this area could complement the expertise of other Southeast Asian countries and boost the region’s EV ecosystem as a whole. Note: This article is reproduced from CNBC. Copyright belongs to cnbc.com. If there is any infringement, please contact us to delete.

MUNICH — You’d be forgiven for thinking that the IAA, one of the world’s biggest motor shows, is actually a technology conference, after tech giants like Amazon, Qualcomm and Samsung all showed up for this year’s event.Their presence underscores demand for traditional automakers to boost the technology in their vehicles, from software to hardware, as they look to catch up with Tesla in the electric car future. Ramping up technology features is also essential to meet buyer expectations in China.“Tesla and the Chinese start-ups. This is the two-way force they [traditional automakers] are experiencing, driving them to have more user experience in the car,” Mohit Sharma, automotive research analyst at CCS Insight, told CNBC.They can’t do it alone. Carmakers are looking at tech firms for help, while also trying to work on items like software in house.Part of Tesla’s global success has come down to its technology in a number of areas, from batteries to Autopilot — its advanced driver assistance system (ADAS), which uses semi-autonomous driving features. The screen within Tesla cars is also akin to that of a smartphone.Those features are what rival automakers are trying to build and get ahead on.Carmakers are developing their own operating systemsThere are two major operating systems in the smartphone sphere — Google’s Android and Apple’s iOS. That’s not the case in the car world, when it comes to the ever popular infotainment systems and screens.Auto firms are now focusing on developing their own operating systems, so that using car screens more closely resembles working with the apps of a smartphone.To that end, Mercedes-Benz revealed further details at the IAA about its self-developed operating system called MB.OS, which will help power various features from the giant screen across the dashboard to the voice assistant in its upcoming EVs.Swedish EV player Polestar this year created a joint venture with Xingji Meizu — a smartphone maker owned by Chinese auto giant Geely — and plans to launch its own smartphone in December, when the Polestar 4 car begins delivery to customers. Meizu is making an operating system for Polestar cars based on its own product, called FlyMe. The idea is that users would be able to have a seamless experience between the smartphone and Polestar’s operating system in the company’s cars.U.S. chipmaker Qualcomm was also in attendance at IAA. The company is making a big push into the automotive space, where its chips can be used to help power artificial intelligence applications within vehicles. One example it showed was a car assistant that could find a recipe for chicken enchiladas and add the ingredients to a shopping list. It’s not just about the screen — automakers are also looking into using all parts of the car to display information. BMW said the Neue Klasse EV models it unveiled on Saturday will have what it calls Panoramic Vision, a heads-up display which projects information on the windscreen at the driver’s eyeline.To make the drive as comfortable as possible, U.S. EV maker Lucid showed off the massage feature of the seats in its Air Midnight Dream Edition car.Driverless features pushA big part of the focus of Tesla technology has surrounded its Autopilot ADAS. No car can operate autonomously — at least from a legal perspective — but automakers are ramping up the driverless features and capabilities.Tesla is perhaps one of the furthest ahead with its ADAS features, followed by young Chinese players like Xpeng and NioMore traditional automakers are looking to catch up in the area of driverless features. BMW said its Neue Klasse cars will come with the next-generation of its ADAS, which is being built using Amazon’s cloud technology and Qualcomm’s chips.Tech is key in ChinaMany automakers aspire to become major players in the world’s biggest and highly competitive electric vehicle market, China. In a bid to differentiate themselves from rivals, Chinese firms have talked up the tech features of their vehicles, from software to ADAS capabilities — and Chinese customers expect the latest tech perks.“It’s not just good enough to bring a great European design to China, you have to be very, very special about what you offer to the market when it comes to software,” Polestar CEO Thomas Ingenlath, told CNBC in an interview Tuesday.Heeding that sentiment, foreign companies from BMW to Mercedes are looking to invest heavily in tech development, as they aim to boost EV sales in China.Volkswagen CEO Oliver Blume on Wednesday said that the company is ramping up its number of software engineers in China.“We want to operate with China speed in China,” Blume said at the IAA conference.Note: This article is reproduced from CNBC. Copyright belongs to cnbc.com. If there is any infringement, please contact us to delete.

DETROIT – Prices of wholesale used vehicles may have bottomed for the year, as Cox Automotive said prices last month increased for the first time since March.Cox reported Friday its Manheim Used Vehicle Value Index was 212.2 in August, up 0.2% from July. It marks the lowest increase in the index this year, as prices have generally fallen from all-time highs stemming from the coronavirus pandemic and supply chain problems of recent years.The index, which tracks vehicles sold at its U.S. wholesale dealership auctions, remains elevated from historical levels but is down 7.7% compared with August 2022. Retail prices for consumers traditionally follow changes in wholesale prices.“August brought a stop to wholesale price declines, though it was only a small reversal of the larger magnitude declines so far this spring and early summer,” Chris Frey, Cox senior manager of economic and industry insights, said in a release.Frey said wholesale used vehicle prices are not expected to change much through the end of the year, with tight inventories and expected sales levels preventing any substantial pricing declines.Cox estimates used vehicle retail sales in August were up 5% compared with July, and year over year they were up 0.8%. The average price listed for a used vehicle In July – the most recent data – was $ 27,028, down from a month earlier but still elevated from historical levels.Used vehicle prices have been elevated since the early days of the Covid pandemic, as the global health crisis combined with supply chain issues caused production of new vehicles to sporadically idle. That led to a low supply of new vehicles and record-high prices amid resilient demand. The costs and scarcity of inventory led consumers to the used vehicle market, boosting those prices as well.Cox expects the used vehicle wholesale market to experience a “slow and gradual recovery” in prices to pre-pandemic levels by 2028.Note: This article is reproduced from CNBC. Copyright belongs to cnbc.com. If there is any infringement, please contact us to delete.

Elon Musk has unveiled a new black and white "X" logo to replace Twitter's famous blue bird logo. Musk acquired the social media platform last year for $44 billion and has undergone a major brand overhaul.Musk replaced his own Twitter icon with a white X on a black background and posted a design photo projected onto Twitter's San Francisco headquarters on Monday, July 24.The X began appearing at the top of Twitter's desktop version on Monday, but the blue bird still dominates on the mobile app.Musk solicited logo ideas from fans and selected one, which he described as minimalist art deco and said was "definitely going to get improved.""Soon we will say goodbye to Twitter's branding and gradually goodbye to all the birds," Musk wrote on Twitter on Sunday.Musk said the X.com domain name now redirects users to Twitter.com.When asked what tweets would be called after the rebrand was complete, Musk said they would be referred to as "Xs."Musk, who serves as CEO of Tesla, has long been fascinated with the letter X. The billionaire is also the CEO of rocket company SpaceX.In 1999, he founded a startup called X.com, an online financial services company that is now known as PayPal.He named his son with singer Grimes a combination of letters and symbols, "X."Musk's acquisition of Twitter and brand overhaul is part of his "everything app" strategy, similar to China's WeChat, which combines video chat, messaging, streaming, and payment functions.Linda Yaccarino, a longtime NBCUniversal executive, was nominated by Musk to be Twitter's CEO in May. She released the new logo and was involved in the implementation of the change. She wrote on Twitter that X would be "an infinite interactive future state--centered around audio, video, messaging, payments, and banking, creating a global marketplace for creativity, goods, services, and opportunity."However, experts predict that the new name will leave much of Twitter's audience confused, as Musk's series of other changes have already frustrated users of the social media platform. Twitter also faces new competition from Threads, a new application from Facebook and Instagram parent company Meta, which targets Twitter's users directly.Note: This article is reproduced from autonews website (URL: https://redian.news/). Copyright belongs to counterman.com. If there is any infringement, please contact us to delete.

While consumers are changing brands, body-style loyalty remains strong.Brand loyalty among U.S. consumers for new vehicles dropped to a six-year low in June, according to new analysis from IHS Markit.Analysis of new-vehicle-registration data through June indicates that the overall brand-loyalty rate of 51% in the U.S. market is the lowest since August 2015. This decline in loyalty is inevitably due, at least in part, to the major declines in dealer inventory stemming from the global microchip shortage.

Many shops, suppliers and industry organizations will celebrate these professionals now through June 30.The National Institute for Automotive Service Excellence (ASE) has designated June as Automotive Service Professionals Month (ASPM), a time to recognize automotive service professionals who are proficient, credentialed and committed to excellence.Many shops, suppliers and industry organizations will celebrate these professionals now through June 30. ASE has developed special creative materials that can be downloaded and customized to help them promote ASPM and thank automotive professionals for their hard work and continued service. Available free of charge at www.ase.com/servicepro, the materials include a special ASPM 2021 commemorative logo.