Tesla [TSLA:US] recalled 285,520 of its electric vehicles (EVs) in China due to safety concerns on their active cruise control system, as reported by Caixin on June 26. According to an announcement by the State Administration for Market Regulation (SAMR) earlier that day, the active...
Japanese electronics company Panasonic [6752:JP] sold all its shareholdings of Tesla [TSLA:US] for approximately JPY400bn (USD3.6bn) by the end of March in 2021, as reported by Reuters on June 25, citing the company’s spokesman. As Tesla occupied the majority of its battery business, Panasonic explained...
China’s National Energy Administration (NEA) plans to carry out pilot programs for rooftop distributed photovoltaic (PV) panels across the country, in order to accelerate the development of rooftop distributed PVs, as reported by National Business Daily on June 23. NEA mentioned that the country had...
Samsung Electronics [005930:KS], a subsidiary of South Korean conglomerate Samsung Group, and Korea Electric Power Corporation (KEPCO) [015760:KS] signed an agreement on June 28 about a partnership to develop smart home energy solutions for customers, according to The Korea Herald on the same day. Samsung...
Gogoro, a Taiwanese electric scooter and battery swapping developer, signed a MoU with Foxconn [2354:TW] to accelerate the expansion of its battery swapping system and Smartscooters, as reported by PR Newswire on June 23. With this partnership, Gogoro will scale up its production using Foxconn’s...
Xpeng [XPEV:US], a Chinese electric vehicle (EV) manufacturer listed in the New York Stock Exchange (NYSE), aims to raise up to USD2.3bn (HKD17.6bn) in a secondary IPO in Hong Kong, as reported by South China Morning Post on June 25. On June 23, the listing...
NTPC Ltd [NTPC:IN], India’s largest power generator, recently announced its target to install 60 gigawatts (GW) of renewable energy by 2032, almost doubling its earlier commitment of 32GW, as reported by The Economic Times on June 24. Most of the renewables expansion is expected to...
The Ministry of Ecological Environment (MEE) recently entrusted China Iron and Steel Association (CISA) with preliminary tasks to bring the iron and steel industry into the national carbon emissions trading system (ETS), as reported by Shanghai Securities News on June 23. MEE commanded the association...
Seneca ESG led Team Stoics in the third Eagle Alpha Data Hackathon in May 2021. As more corporations and funds commit to a net-zero economy and investment strategies, the Eagle Alpha Data Hackathon posed the challenge of how investors may get reliable ESG ratings free...
Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] founded a new sub-committee named Listing Operation Governance Committee on June 16 to enhance its board’s supervision over the operation and management of HKEX's Listing Division, as reported by Caixin on the same day. The new committee...
Shanghai Environment and Energy Exchange (SEEE), the current exchange and operating body for China’s soon-to-open national carbon market, issued an announcement on June 22 regarding the rules of the national emission trading scheme (ETS), as reported by Caixin later that day. The announcement stipulated that...
Volvo Cars, owned by China’s Geely Holding Group, will establish a joint venture (JV) with Swedish battery maker Northvolt to develop electric vehicle (EV) batteries, as reported by Yahoo Finance on June 21. The 50-50 JV will open a research and development (R&D) center in...
China’s Ministry of Industry and Information Technology (MIIT) is publicly soliciting opinions on the revised national standard of the technologies for pure electric passenger vehicles until August 16, as reported by Caixin on June 17. Under this recommended standard, the ministry defined mini low-speed electric...
Sichuan Provincial Development and Reform Commission and Sichuan Energy Bureau issued a joint notice demanding the shutdown of reported cryptocurrency mining pools by June 20, and a province-wide investigation for suspicious mining operations by June 25, as reported by Caixin on June 18. The Sichuan...
Guangdong’s pilot carbon emission trading market plans to further incorporate five new industries, including construction, transportation, data centers, ceramics, and textile, as reported by Caixin on June 17. At present, the local market regulates six industries: steel, petrochemicals, electric power, cement, aviation, and paper, the...
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