Featured Image

International News From the Field: China intern

This week’s news from China is all about wind energy and automobiles, particularly EVs. China is determined to be a world leader in clean energy, and investments in these sectors continue to soar, creating opportunities for manufacturing technology. ...
Jan 24, 2022

This week’s news from China is all about wind energy and automobiles, particularly EVs. China is determined to be a world leader in clean energy, and investments in these sectors continue to soar, creating opportunities for manufacturing 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 intel, read on.  

China Three Gorges Renewables Group Co. Ltd., the publicly traded, Beijing-based company that operates renewable energy generation businesses, will invest $6.4 billion on three offshore wind farms with an installed gross capacity of 1 GW each. They will have a price tag of approximately $2 billion each. The company generates wind power, photovoltaic power, hydropower, solar power, and other power products. The new wind farms are scheduled to complete grid connection with full capacity in 2024.

This mega-investment illustrates China’s major push to further harness offshore wind power, the country’s major field of growth within the wind energy industry. Recently installed gross capacity of offshore wind power is over 3 GW, and even larger capacities are needed to meet development plans and demands. The Global Wind Energy Council (GWEC) estimates that the global new installed capacity of offshore wind power will achieve 22 GW by 2025 and 40 GW by 2030. China plans to be at the forefront.

The China Association of Automobile Manufacturers (CAAM) released its final data for 2021:

  • Total auto production of 26,082,000 units, with YOY growth of 3.4%.

  • Total auto sales of 26,275,000 units, with YOY growth of 3.8%.

  • This ends a three-year decline in China for automotive production and sales.

  • For new energy vehicles, total production was 3,545,000 units, with total sales of 3,521,000 units, a YOY growth of 160%.

  • CAAM estimates that the sales volume of new EVs will reach approximately 5 million units in 2022.

China has an exposition show entirely dedicated to new energy automotive technology, EVTECH EXPO. It will be held May 31 to June 2, 2022, at the Shanghai New International Expo Center (SNIEC). The show covers eight major EV technology fields:

  • Electric control technology of battery motors

  • New energy automobile manufacturing technology and equipment

  • Hydrogen fuel and hydrogen refueling station technology

  • New energy vehicle charging and replacing technology

  • New energy automobile electronic technology

  • Harness and connector technology

  • Thermal management technology

  • New EV testing technology.

For more information, please contact Fred Qian at fredqian@AMTchina.org.

PicturePicture
Author
Fred Qian
General Manager - Shanghai Technology and Service Center of AMT
Recent international News
China’s zero tolerance toward COVID continues to take its toll on the local economy, particularly in the automotive sector. This week we take a closer look at the local automotive supply chain data that has global economic implications.
China remains the world’s manufacturing megalith, accounting for almost 30% of the world’s manufacturing output. The die and mold industry plays a crucial role as a major upstream component of the industry, and opportunities in that space continue to grow.
China’s focus on automobile production continues in this new era of automotive development. With the 2021-2035 New Energy Vehicle Industry Development Plan, opportunities abound – both in vehicle production and auto parts. For stats and data, read on.
There has been much discussion and news about China’s power situation, a perfect storm resulting in rationing and a multi-month energy crisis. In this week’s article, we are bringing you some insight and data regarding the electric power crunch ...
On Oct. 11-14, 2021, the first AMTech Show and Advanced Manufacturing Conference, known as AMTech-AMC, took place at the Shenzhen World Exhibition & Convention Center. AMT was invited to participate with a complimentary booth.
Similar News
undefined
Intelligence
By Kristin Bartschi | Jun 27, 2022

AMT is working with Sompo International, a global provider of property and casualty insurance. Through this alliance, Sompo International will share their thought leadership through articles in AMT media and speaking slots at AMT member events.

3 min
undefined
International
By Kristin Bartschi | Jun 16, 2022

GBM and AMT have signed a cooperation agreement to organize, produce, and promote FITMA, Latin America’s premier manufacturing trade show connecting contract manufacturers, OEMs, and equipment technology and suppliers from around the world.

6 min
undefined
International
By Arun Mahajan | Jun 16, 2022

India remains the world's fastest-growing major economy, clocking a 54.6 PMI for May. And with major investments and initiatives aimed at EV, defense, and tech development, India looks to keep it going. For more industry intel and other tidbits, read on.

5 min