Nio shares rose on Tuesday, after the company reported narrower-than-expected losses. Investors are focusing on the Chinese electric carmaker’s ability to be more disciplined in its spending, as it charts a path to profitability. This year, China’s EV market has been the stage of a price war sparked by Tesla, which has forced carmakers to slash vehicle prices and put pressure on margins.

According to China's Ministry of Foreign Affairs, in order to further promote the exchange of people between China and foreign countries, and to serve high-quality development and high-level opening up to the outside world, China has decided to expand the scope of unilateral visa-free countries on a trial basis, and to implement the unilateral visa-free policy for holders of ordinary passports from six countries, namely, France, Germany, Italy, the Netherlands, Spain, and Malaysia, on a trial basis.

On November 30, BMW Brilliance Automotive Co., Ltd. and Mercedes-Benz (China) Investment Co., Ltd. announced the signing of a cooperation agreement to establish a joint venture in China with a 50:50 share ratio to operate a supercharging network in the Chinese market, and jointly meet the growing demand for luxury charging services among Chinese customers.

"In the first quarter, China's auto exports 1.07 million units, for the first time beyond Japan to become the world's top auto exporter; in the first 10 months of this year, the volume of auto exports was 3.922 million units, a year-on-year increase of 59.7 per cent, and the annual volume of exports to become the world's first has become a foregone conclusion." Wang Man, president of the China Council for the Promotion of International Trade's Automotive Industry Committee and president of the China International Chamber of Commerce's Automotive Industry Chamber of Commerce, said at a conference on the development of Guangzhou's automotive industry held on 16 November.

Ningbo Customs was informed that the General Administration of Customs "China Customs" magazine released the 2022 "China's top 100 cities in foreign trade" list, Ningbo City, with a comprehensive score of 81.99 points ranked fourth in the country, and continue to rank first in Zhejiang. This is the best result achieved by Ningbo since the establishment of the statistics. The top three cities were Shenzhen (88.57 points), Shanghai (86.67 points) and Suzhou (82.50 points).

From the Ningbo Port Office was informed that a few days ago, the State Council (PRC) approved the People's Government of Zhejiang Province, agreed to expand the opening up of the port of Ningbo, expanding through the mountain, Xiangshan Port and Shipu three port areas open area of 58.13 square kilometres.

A lot has changed for the EV market since Covid, Nissan CEO Makoto Uchida said. “The market has been fragmented, and customers’ acceptance speed is also different,” he told CNBC. Nissan’s global scale will give it an advantage as it works to lower the costs of EV components, Uchida added.

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.

With Ningbo's trillion yuan automotive industry cluster, port and foreign trade advantages, CAPAFAIR is becoming increasingly attractive to spare parts manufacturers. At press time, 613 companies from 15 provinces and municipalities, including Zhejiang, Hebei, Jiangsu, Shandong and Guangdong, have registered to exhibit at CAPAFAIR 2024, and 727 booths have been confirmed, accounting for 40% of the total number of booths.Wenzhou, Taizhou, Xingtai, Ningbo, Cangzhou, Liaocheng, Changzhou and other auto parts production bases are hot exhibiting cities.Media promotion covering the whole world has been launched online and offline simultaneously, including Google, Facebook, X (Twitter), tiktok, Baidu, Jitter, Headline, microblog, official website, official microblog, video number, high-speed railway station in Ningbo/Wenzhou, outdoor advertising in Ningbo/Yiwu/Wenzhou/Taizhou, etc., saving energy for CAPAFAIR 2024 one year in advance.From September, the organiser went to Xingtai, Yiwu, Zhengzhou, Guangzhou, Taiyuan, Wenzhou and other related exhibitions to promote CAPAFAIR Ningbo and invite buyers.As the No.1 auto parts exhibition in East China in autumn, CAPAFAIR 2024 is now hotly booked！

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.