By 2025, China plans to reduce its national energy consumption to 13.5% per unit of GDP, according to its 14th Five-Year Plan. To achieve this goal, smart grids have attracted significant attention. In line with its national carbon neutrality commitments, China has significantly grown its capacity to generate and transmit renewable energy across the country. [pdf]
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Energy storage is crucial for China's green transition, as the country needs an advanced, efficient, and affordable energy storage system to respond to the challenge in power generation. According to Trend Force, China's energy storage market is expected to break through 100 gigawatt hours (GWh) by 2025. It is set to become the world's fastest-growing energy storage market, overtaking Europe and the United States. [pdf]
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Shenzhen, China - 1200 units of BYD YUAN Pro EVs (known locally as S1 PRO) are exported to Costa Rica this year. This batch of BEVs sets a new sales record in Latin America for BYD. Daniel Rosenstock, a member of the Board of Directors of Cori Motors, the official distributor of BYD in Costa Rica, said: "the BYD YUAN Pro is a milestone in the [pdf]
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In a significant stride towards advancing Rwanda’s automotive industry, a prominent Chinese company has announced the establishment of an electric vehicle (EV) assembly plant in the country. This monumental move underscores China’s growing influence in Africa and promises to transform Rwanda’s transportation landscape and foster economic growth. With a commitment to sustainability and technological innovation, this venture is poised to reshape the future of mobility in Rwanda and beyond. [pdf]
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In recent decades, China's rapid economic growth has enabled more and more consumers to buy their own cars. The result has been improved mobility and the largest automotive market in the world—but also serious urban air pollution, high greenhouse gas emissions, and growing dependence on oil imports. [pdf]
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China is the largest residential PV market in the world, and this trend is only expected to strengthen in the next few years. By July 2021, China's cumulative installed residential PV capacity had reached more than 30 GW, with a total of 1.864 million residential units hosting solar PV systems. IHS Markit's Holly Hu looks behind these impressive numbers. [pdf]
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Electric vehicles (EVs) have emerged as the sole growth area in the automotive market, amid a decline in overall car sales since their peak in 2017. As the world transitions towards a sustainable future, the EV market is expected to foster innovation and drive growth in one of the economy’s crucial sectors. China stands at the forefront of this transformation with its thriving EV industry, offering foreign companies a plethora of opportunities driven by government incentives, environmental regulations, favorable policies, and technological innovation. [pdf]
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The automobile industry is a driving force behind global mobility and innovation. It encompasses the design, manufacturing, and sale of vehicles, ranging from traditional internal combustion engine cars to electric and autonomous vehicles. Sustainability is a growing concern, leading to the development of eco-friendly technologies and practices in the automotive sector. Within the automobile industry, Global Monitor is renowned for producing comprehensive and insightful reports, each tailor-made to your needs. Our extensive database is the foundation for providing invaluable insights and data-backed analysis [pdf]
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In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. 2023 was a breakthrough year for industrial and commercial energy storage in China. Projections show significant growth for the future. [pdf]
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The official China Daily newspaper reported the Association of Automobile Manufacturers on Thursday said China's vehicle production for the first time reached 30 million units last year, 4.91 million of them exported. The exports are a 58% increase from 2022's 3.11 million vehicles exported, appearing to overtake Japan as the world's top car exporter. [pdf]
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With an increase in vehicle sales and rapid urbanization, China is determined to reduce exhaust emissions from vehicles. Meanwhile, the country plans to lessen its dependence on oil imports, boosting the demand for and sales of electric vehicles in the country. Furthermore, many key cities and provinces are imposing more strict restrictions. For instance, Beijing only issues 10,000 permits for the registration of combustion-engine vehicles per month to boost its inhabitants to switch to electric vehicles. [pdf]
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Electric cars (EVs) are taking the world by storm – an electric storm. In 2020, according to the International Energy Agency, there were more than 10 million electric cars on the roads – a 43 percent increase over 2019. Quite notably, during a period when overall new car registrations fell because of the pandemic, global electric car sales share rose 70 percent to a record 4.6 percent of all car sales in 2020. [pdf]
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It is more significance development for China's energy storage In 2023. The annual growth rate of new energy storage set a new record,with two years ahead of schedule achieve the national 14th Five-Year Plan target According to incomplete statistics from the China Energy Storage Alliance (CNESA) Global Energy Storage Database, in 2023, China added 21.5GW/46.6GWh of new energy storage, with a cumulative capacity of 34.5GW/74.5GWh. [pdf]
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In this work, the sustainable development status of China's energy path was inspected better to understand key indications for energy transition and resilience. The goal was to understand some policy objectives and how the country measures relative to World top 35, other regions, and neighboring countries. [pdf]
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Chinese electric vehicles are seen in Amman, Jordan, on Feb. 9, 2024. Chinese electric vehicles (EVs) are swiftly gaining traction in Jordan's automotive market, propelled by their remarkable blend of high quality and affordability. (Photo by Mohammad Abu Ghosh/Xinhua) [pdf]
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China is the world's biggest producer of electric vehicles (EVs) – and it's growing. In 2022, the country accounted for 59% of global EV sales, according to data from the EV Volumes database, with sales of new EVs increasing by 82% from the previous year to reach more than 6 million[1]. China also dominates global production of EVs, accounting for almost two-thirds (64%) in 2022. [pdf]
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Like in the years preceding it, the unveiling of Malaysia's budget in 2022 was an important event that would shape the Southeast Asian country's economy for the following twelve months. But among the many announcements made by then-Finance Minister Tengku Zafrul, one stood out as a signal of the ruling government's commitment to becoming an EV leader in the region: Full exemption of import duty, excise duty, as well as sales tax for EVs until the end of 2025. [pdf]
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Burkina Faso Electric Vehicle market currently, in 2023, has witnessed an HHI of 9597, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market. [pdf]
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China has emerged as a global leader in electric vehicle (EV) sales due to the government's industrial incentive policies. However, as industrial and incentive policies undergo adjustments and the market scales up, the efficacy of mixed incentive policies in a mature market becomes increasingly relevant compared to individual policies. [pdf]
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China has achieved stunning growth in its installed renewable capacity over the last two decades, far outpacing the rest of the world. But to end its continued dependence on fossil fuels, it must now move ahead with planned reforms to its national electricity system. [pdf]
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