Latest news with #newenergy
Yahoo
6 days ago
- Business
- Yahoo
The installed capacity of new energy in Turfan has surpassed 9 million kilowatts, accounting for 74.2% of the total installed capacity of power sources
TURFAN, China, May 29, 2025 /PRNewswire/ -- On May 29th, State Grid Turfan Power Supply Company announced that the installed capacity of new energy in Turfan reached 9.035 million kilowatts, representing 74.2% of the total installed capacity of power sources. Known as the "Hot Pole of China," Turfan is strategically located in the central area of one of Xinjiang's nine major wind regions. It boasts abundant wind and solar resources and plays a crucial role in the country's "Three Bases and One Channel" strategy. Since the beginning of this year, Turfan has planned to add 10.96 million kilowatts of new energy grid-connected installed capacity. To date, 3.505 million kilowatts have been successfully connected to the grid, achieving a progress rate of 31.9%. To support the development of the new energy industry, since 2024, State Grid Turfan Power Supply Company has adhered to the principle of "letting electricity wait for development rather than letting development wait for electricity." The company has invested a total of 231 million yuan to efficiently complete seven key projects, including the Xiaocao Lake West Booster Centralized Station. The total length of newly constructed transmission lines has reached 134.6 kilometers, further strengthening the power grid framework and enhancing the transmission capacity of new energy. In response to the increasing demand for new energy grid connection, State Grid Turfan Power Supply Company has continuously innovated its service measures for new energy grid connection and implemented a "1 station, 3 stages" full-process control mechanism. This includes providing "one-stop service" and accelerating business processing during the three critical phases of new energy grid connection: preliminary work, engineering construction, and acceptance and grid connection. Effective measures are proposed at each stage, from planning and construction to grid connection and operation, ensuring the safe and stable operation of the power grid while fully supporting the rapid development of new energy. View original content: SOURCE State Grid Turfan Power Supply Company
The National
24-05-2025
- Automotive
- The National
ROX Motor begins UAE journey with W Motors to manufacture new energy vehicles
ROX Motor, a global luxury new energy vehicle brand, has announced a strategic partnership with W Motors, the UAE's leading high-performance vehicle manufacturer, to localise production and assembly of its vehicles in the UAE. The agreement, signed at Make it in the Emirates 2025 event last week, marks a major milestone in enhancing regional manufacturing and supporting the country's industrial and sustainability goals. As part of this collaboration, ROX Motor will begin producing its vehicles - starting with the ROX 01 - at W Motors' new facility in Abu Dhabi. This move signifies the first time ROX vehicles will be manufactured outside China, reflecting a commitment to local adaptation and regional resilience. 'This partnership accelerates our regional growth and aligns with the UAE's industrial strategies,' said Jarvis Yan, founder and chief executive of ROX Motor. 'Together with W Motors, we're building the future of sustainable mobility in the UAE and beyond.' Ralph Debbas, founder and chief executive of W Motors, said: 'We're proud to lead the manufacturing of ROX 01 in Abu Dhabi. This collaboration enhances our ability to provide advanced contract manufacturing and supports the UAE's ambition to become a global automotive hub.' The partnership supports key national initiatives including Operation 300bn, Industry 4.0, and Net Zero by 2050, reinforcing both companies' roles in shaping a sustainable and self-reliant automotive future for the region. In addition to local manufacturing efforts, ROX Motor is accelerating innovation through strategic technology partnerships in the UAE. The company recently entered into a collaboration with Enercap to advance high-performance battery cell applications across its product line, enhancing deployment and operational efficiency regionally and globally. ROX Motor has also signed an agreement with leading petrochemical company Borouge to explore joint R&D on advanced polyolefin materials for automotive use, further strengthening its localised supply chain and supporting the UAE's Operation 300bn strategy. Borouge collaboration brings advanced polyolefin innovation, enabling lighter, more durable interiors and exteriors tailored for everyday use - from bustling city streets to open desert.
The Standard
18-05-2025
- Business
- The Standard
Paul Chan teases world's largest IPO in HK
Chan wrote in his blog that a major mainland Chinese new energy firm is set to debut on the city's stock exchange on Tuesday. SING TAO
Bloomberg
12-05-2025
- Automotive
- Bloomberg
Chinese Elite's Favored Car Brand Is Getting a Modern Makeover
One of China's oldest car brands is remaking itself for the modern era. Hongqi, the marque that's ferried Chinese leaders for decades, is now setting its sights on carving out a greater share of the country's booming electric car market. It's even teased a foray into aerial mobility as part of its 'all in' new-energy vehicle push that's seen it stop all new investment in gasoline-engine technology.
South China Morning Post
08-05-2025
- Business
- South China Morning Post
Middle East's shift to sustainable energy opens doors for Hong Kong companies
Hong Kong businesses are keenly observing the burgeoning new energy opportunities in the Middle East, as Gulf nations seek to diversify their oil-dependent economies and pave the way for a sustainable future. Advertisement Cliff Zhang Kun, chairman of Templewater and Bravo Transport, which owns bus operator Citybus, said that the company was in discussions with Qatar and Kuwait to supply hydrogen buses, following a successful pilot project in Abu Dhabi. Zhang, who will be part of the official delegation accompanying Chief Executive John Lee Ka-chiu to Qatar and Kuwait later this week, said that the company supplied three hydrogen buses to Abu Dhabi in the United Arab Emirates in November 2023 as part of a focus on energy transition. He indicated that the country might make bulk purchases after the end of the pilot project in the second half of this year. 'New energy vehicles may not have the strongest cost advantage because petroleum prices are cheap in the Middle East, but the local governments look beyond the cost and focus on the ultimate goal of driving the development of a new industry,' he said. Advertisement 'Despite a traditional reliance on oil and natural gas, Middle Eastern countries indeed possess strong potential in solar and wind energy, which are renewable resources and can also be used to generate hydrogen for export.'
