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In the previous text, we talked about the transformation of China's energy system and the gradual transition to renewable energy sources. In order to reduce pollution, one of the goals is to switch vehicles to environmentally friendly fuels.
When it comes to the electric vehicle (EV) market, China leads the way ahead of automotive giants like the US, Germany and Japan. Sales of new electric vehicles in China will increase by 82% in 2022, accounting for nearly 60% of global sales.
According to a report by the International Energy Agency, more than half of the electric cars on the world's roads are in China. China has achieved 35% of global exports of electric vehicles in 2022. while, Chinese automaker BYD sold more electric vehicles than Tesla in the fourth quarter of 2023. The question is, how did they do it?
Since 2004, electricity consumption in China has been growing at an unprecedented rate due to the rapid growth of industrial sectors. A serious shortage of electricity supply during 2005 affected the work of many Chinese companies. Since then, China has been investing very aggressively in electricity supply to meet industrial demand and thereby ensure economic growth. Installed electricity production capacities in China amounted to 443GV at the end of 2004 and 793GV at the end of 2008. The increase in these four years is approximately one-third of the total capacity of the United States, or 1.4 times the total capacity of Japan. All energy then came from so-called "dirty" sources.
This is a text with which we deviate from our main topic: imports from China, but since this topic is current and the news comes from China, we believe that it will be interesting for you to learn something new.
In the last two years, due to the shortage and the high prices of lithium enabled the flourishing of sodium-ion batteries, as a substitute for lithium batteries, and they quickly gained their popularity.
2023. the year the industry calls "the year of the sodium ion battery", where companies involved in the development of sodium ion batteries often received funding for the development of this new type of battery. Apart from them, companies that are dominantly involved in lithium batteries and car manufacturing have started to invest in sodium-ion batteries.
When we started working as an agent for China and when we created the first version of our website (period 2008-2010), we started from Alibaba and collected companies from Alibaba. We singled out companies that at that time were represented on Alibaba but also had their own website (as one of the indicators of the seriousness of the company). We sorted these companies according to Alibaba's current company categories. They are still on our website today in the menu of Chinese companies. Google has been warning us about problems with those links for years. We knew there were faulty ones, but no one wanted to check over 12,000 links and correct them. However, during this autumn we decided to clean them and we came to incredible conclusions.
On October 25, 2023, the State Council of the General Office of the State Council on the Arrangement of Public Holidays announced the official schedule of public holidays in China for 2024.
According to the Western calendar for the year 2024, the Chinese New Year falls on February 10, 2024, when the Year of the Dragon โ or rather the Wood Dragon โ begins.
The Chinese zodiac sign of the Dragon represents power, success, honor and happiness among the Chinese.
This is why many Chinese parents want to have children in the Year of the Dragon.
We hope that the Year of the Wood Dragon will be a creative and auspicious year of progress for all of us.
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- Non-working public holidays in China for 2023
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- Discovering Profitable Import Opportunities from China: A Step-by-Step Guide
- Chinese Import and Export Fair
- Verifying ATV quality and performance