Tag Archive

European Electric Vehicle Markets

European Electric Vehicle Markets

March 22, 2019 No Comments

Tesla Lagging Behind Competitors In European EV Markets. CEO Elon Musk and the Tesla team have succeeded in making their company the most widely used electric vehicle brand name, but this has not yet led to global EV sales dominance. Competitor BMW just issued a report conducted by global consulting firm IHS Markit and based […]

Next-Generation Nuclear Power Plants in China

Next-Generation Nuclear Power Plants in China

February 28, 2019 No Comments

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) announces that the steam turbine generation systems supplied for the Sanmen and Haiyang nuclear power plants in China have cleared all functional, safety confirmation, and other required performance tests. Full-fledged operations have already begun for Sanmen Unit 1 and Haiyang Unit 1, the first and second 1,250 megawatt (MW) […]

Saudi Aramco signs agreement to form Joint Venture with NORINCO and Panjin Sincen

Saudi Aramco signs agreement to form Joint Venture with NORINCO and Panjin Sincen

February 25, 2019 No Comments

Saudi Aramco signed an agreement to form a joint venture with NORINCO Group and Panjin Sincen to develop a fully integrated refining and petrochemical complex, located in the city of Panjin in the Liaoning province of China. The partners will create a new company, Huajin Aramco Petrochemical Co. Ltd., as part of a project that […]

Zhonghua Gas Announces  Increase of 90% Net Profit  for the FY2018

Zhonghua Gas Announces Increase of 90% Net Profit for the FY2018

February 11, 2019 No Comments

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the Group is expected to record a significant increase in consolidated net profit for the year ended 31 December 2018 (the “Current Year”) of approximately 90% as compared to that for the year ended 31 […]

What Drives China’s Electric Vehicle Sales?

What Drives China’s Electric Vehicle Sales?

January 30, 2019 No Comments

China continues to dominate the world’s electric vehicle sales, but a new study finds that a good chunk of it is going to fleets to meet government mandates as subsidies fade away. Findings from a new study show a first-ever breakout of sales by consumers and fleets. Led by China’s Sina.com news with contributions from […]

BP invests in PowerShare

BP invests in PowerShare

January 24, 2019 No Comments

BP’s venturing business, BP Ventures, has invested in PowerShare, a leading integrated hardware and software solutions provider for electric vehicle (EV) charging in China. The investment is part of PowerShare’s Series A round, which was led by BP Ventures and draws support from DETONG Capital Partners, a leading private equity firm in China. PowerShare provides […]

Fuling shale gas field output exceeded expectation in 2018

Fuling shale gas field output exceeded expectation in 2018

January 15, 2019 No Comments

Sinopec’s Fuling shale gas field generated 6.02 billion cubic meters of shale gas in 2018. The field’s gas sales reached 5.78 billion cubic meters last year, ranking first both in production and sales among China’s shale gas fields. The Fuling shale gas field, located in southwest China’s Chongqing municipality, is of great significance to the […]

MHPS Completes Handover for Turbine Generation Facilities in China

MHPS Completes Handover for Turbine Generation Facilities in China

December 19, 2018 No Comments

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) announces that the steam turbine generation facilities supplied for the Haiyang Nuclear Power Plant in China have cleared all functional, safety confirmation, and required performance tests, and a handover was made on December 11. Operations at the plant have begun, making it the second site with a 1,250 megawatt […]

BMW obtains ride-hailing licence in China

BMW obtains ride-hailing licence in China

November 22, 2018 No Comments

BMW has been awarded a licence to launch a ride-hailing firm in China in December, making it the first global car manufacturer to enter the competitive market. Operating under the name BMW Mobility Service, BMW said its licence has been granted for initial operations in Chengdu, the capital of Sichuan province. The Chinese market is […]

Zhonghua Gas Announces Profit Alert to 30 September 2018

Zhonghua Gas Announces Profit Alert to 30 September 2018

October 29, 2018 No Comments

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that positive profit alert for the nine months ended 30 September 2018. Based on the preliminary review of the relevant unaudited consolidated management accounts, the Group expects to record a substantial increase in the total revenue […]

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