Renewable Energy Technologies Student Book NQF Level 4
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ELECTRIC VEHICLES: Ready(Ing) for Adoption
ELECTRIC VEHICLES Ready(ing) for Adoption Citi GPS: Global Perspectives & Solutions June 2018 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi GPS: Global Perspectives & Solutions June 2018 Raghav Gupta-Chaudhary is currently the European Autos Analyst. He has been an Analyst for seven years and joined Citi's London office in July 2016 to cover European Auto Parts. Raghav previously worked at Nomura from 2011 to 2016, where he started off on the Food Retail team and later transitioned to cover the Automotive sector. He has an honours degree in Mathematics with Management Studies from UCL and is a qualified chartered accountant. +44-20-7986-2358 | [email protected] Gabriel M Adler is a Senior Associate in the Citi Research European Autos team. He is currently based in the London office and started with Citi in October 2017. -
2019 Annual Report.Pdf
HEV TCP Buchcover2019_EINZELN_zw.indd 1 15.04.19 11:45 International Energy Agency Technology Collaboration Programme on Hybrid and Electric Vehicles (HEV TCP) Hybrid and Electric Vehicles The Electric Drive Hauls May 2019 www.ieahev.org Implementing Agreement for Co-operation on Hybrid and Electric Vehicle Technologies and Programmes (HEV TCP) is an international membership group formed to produce and disseminate balanced, objective information about advanced electric, hybrid, and fuel cell vehicles. It enables member countries to discuss their respective needs, share key information, and learn from an ever-growing pool of experience from the development and deployment of hybrid and electric vehicles. The TCP on Hybrid and Electric Vehicles (HEV TCP) is organised under the auspices of the International Energy Agency (IEA) but is functionally and legally autonomous. Views, findings and publications of the HEV TCP do not necessarily represent the views or policies of the IEA Secretariat or its individual member countries. Cover Photo: Scania’s El Camino truck developed for trials on three e-highway demonstration sites on public roads in Germany. The truck is equipped with pantograph power collectors, developed by Siemens and constructed to use e-highway infrastructure with electric power supplied from overhead lines. (Image Courtesy: Scania) The Electric Drive Hauls Cover Designer: Anita Theel ii International Energy Agency Technology Collaboration Programme on Hybrid and Electric Vehicles (HEV TCP) Annual Report Prepared by the Executive -
How Important Are Electric Vehicles for Future Copper Demand?
Legal Statement The purpose of the information in this presentation is to guide ICA programs and provide members with information to make independent business decisions. Copyright © IDTechEx | www.IDTechEx.com Antitrust guidelines Copyright © IDTechEx | www.IDTechEx.com How Important are Electric Vehicles for Future Copper Demand Fred Ni April 3, 2017 Who is BYD? What makes BYD different? 1st in Bloomberg's 2009 BusinessWeek Top Performing Te ch100 (above Apple, Google, Yahoo, Amazon, Microsoft etc…) 15th in Fortune magazine‛s Top 51 Change the World Com pany BYD has over 12,580 (above IBM, Intel etc…) patents, owning over 50 industry initiative BYD electric vehicle sales triumph at the Top of the World (above Tesla, BMW, Mitsubishi, Nissan, Toyota etc…) technologies The Global 1st company in the World to provide full vertical integratio n in green Leader in energy technologies New (Electric Vehicle, Solar, Energy Storage) Energy BYD is the Only Chinese Automaker backed by Warren Vehicles Buffett BYD is the largest EV, Ebus and battery manufacturer in the world! Sales by Make >=10m Electric Bus Sales Ranking By 2020, China plans to have over 200 000 electric buses on its roads, accompanied by a network of close to 4 000 charging stations dedicated to buses (EVI, FIRST OEM ever to 2016b). Shenzhen is already envisioning an all-electric bus fleet in 2017, exceeded 100,000 PHEVs or Guangzhou in 2019, Foshan by 2020. EV sales in a single year! Source: http://www.ev-volumes.com/ BYD is the largest rechargeable battery manufacturer Battery Manufacturing Database-Fully Commissioned Source: Bloomberg Finance BATTERY making BYD specializes in 20 years of battery manufacturing experience. -
Electrifying the World's Largest New Car Market; Reinstate At
August 31, 2016 ACTION Buy BYD Co. (1211.HK) Return Potential: 15% Equity Research Electrifying the world’s largest new car market; reinstate at Buy Source of opportunity Investment Profile Electrification is set to reshape China’s auto market and we expect BYD to Low High lead this trend given its strong product portfolio, vertically integrated model Growth Growth and high OPM vs. peers. A comparative analysis with Tesla shows many Returns * Returns * strategic similarities but BYD’s new energy vehicle business trades at a sizable Multiple Multiple discount, which we see as unjustified given its large cost savings, capacity Volatility Volatility utilization, and front-loaded investment. China’s new energy vehicle market is Percentile 20th 40th 60th 80th 100th poised to deliver c.30% CAGR (vs. 4% for traditional cars) over the next decade. BYD Co. (1211.HK) We have removed the RS designation from BYD. It is on the Buy List with a Asia Pacific Autos & Autoparts Peer Group Average * Returns = Return on Capital For a complete description of the investment 12-m TP of HK$61.93, implying 15% upside. Our scenario analysis, flexing profile measures please refer to the disclosure section of this document. sales volume and margin assumptions, implies a further 30% valuation upside. Catalyst Key data Current Price (HK$) 54.00 1) More cities in China are likely to announce local preferential policies in 12 month price target (HK$) 61.93 Market cap (HK$ mn / US$ mn) 110,705.4 / 14,270.1 the new energy vehicle (NEV) segment once the result of the subsidy fraud Foreign ownership (%) -- probe is announced. -
Upgrading: on Track for a Rerating
Hong Kong Consumer Discretionary 11 July 2016 BYD (1211 HK) BYD Target price: HKD65.00 (from HKD50.00) Share price (11 Jul): HKD47.60 | Up/downside: +36.5% Upgrading: on track for a rerating Kelvin Lau (852) 2848 4467 We see strong SUV and bus sales leading to a margin improvement [email protected] Subsidy cut should benefit strong players like BYD in the long run Brian Lam (852) 2532 4341 Upgrading to Buy (1) from Outperform (2); raising TP to HKD65 [email protected] What's new: Following our recent discussions with BYD management, we Forecast revisions (%) are turning more positive on the company’s long-term outlook. We see Year to 31 Dec 16E 17E 18E grounds for a multi-year rerating for BYD, and hence upgrade our Revenue change 18.5 2.7 6.9 Net profit change 82.4 46.6 52.0 recommendation by one notch to Buy (1). Core EPS (FD) change 82.4 46.6 52.0 Source: Daiwa forecasts What's the impact: Margin improvement from new energy vehicles (NEVs). As per the latest YTD May data, BYD’s Tang SUV (launched mid- Share price performance 2015) contributed additional average monthly sales of around 3,000 units. (HKD) (%) Management expects the Tang to record sales of 5,000 units/month by 50 150 end-2016. Orders for the K9 electric bus have been ramping up, with 44 133 around 6,000 in hand; we expect BYD to achieve 13,000 unit orders in 38 115 31 98 2016 (previous estimate: 10,000). -
How China Beat the US in Electric Vehicle Manufacturing
JOHN D. GRAHAM, KEITH B. BELTON, AND SURI XIA How China Beat the US in Electric Vehicle Manufacturing And why it’s time for the United States to get serious about industrial policies. he rise of China has been the dening feature of the that will restore America’s competitive position. twenty-rst century global economy. In a globalizing What is the right mix of domestic policy and international marketplace, China’s low-cost labor became a huge engagement for meeting the challenge that China Tattractor of foreign direct investment. is advantage, combined presents to the United States? Not only are there no easy with a growing domestic market, increasing technological answers, but successful policies will need to be tailored to know-how, and world-class infrastructure suitable for shipping particular industries, technologies, and market contexts. goods anywhere in the world, made China “the world’s factory.” Here, we focus on one important technology where US e benets of China’s rise for the United States have been leadership has, in the past decade, been ceded to China: enormous. China was the 11th largest US export market in plug-in electric vehicles (PEVs) and associated supply chains. 2000; today it is the 3rd largest. About 2.6 million US jobs and How did the United States lose out in this competition, $216 billion in US gross domestic product are linked directly what can be done about it, and what are the lessons for and indirectly to the US-China economic relationship. other areas of economically important innovation? Yet in the United States, even in today’s hyperpartisan China has achieved success not through Western-style politics, fear of China’s economic might and geopolitical capitalism, but through a carefully orchestrated combination ambition is shared by leaders of both parties. -
China Announced 2020–2022 Subsidies for New Energy Vehicles
ICCT POLICY UPDATES SUMMARIZE REGULATORY AND OTHER DEVELOPMENTS RELATED TO CLEAN POLICY UPDATE TRANSPORTATION WORLDWIDE. © 2020 INTERNATIONAL COUNCIL ON CLEAN TRANSPORTATION JULY 2020 China announced 2020–2022 subsidies for new energy vehicles On April 23, 2020, China’s Ministry of Finance (MOF), Ministry of Industry and Information Technology (MIIT), Ministry of Science and Technology (MOST), and National Development and Reform Commission (NDRC) jointly relased A Notice on Optimizing Fiscal Subsidies for Promoting New Energy Vehicles (hereafter “the Notice”).1 In the Chinese context, new energy vehicles (NEVs) refer to battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs; extended-range electric vehicles included), and fuel cell electric vehicles (FCVs). The Notice is the 2020 annual adjustment to China’s decade-long national subsidy program for NEVs, the historical evolution of which is illustrated in Figure 1. The last major adjustment was detailed in ICCT’s policy update published in June 2019.2 The Notice basically follows the overall design of the policy described in the previous policy update, but there are five major changes: » Subsidies are extended for two years, from the end of 2020 to the end of 2022, as a way to stimulate the automobile market, which has been severely impacted by the COVID-19 pandemic and the global downturn of the auto industry since 2018 » The technical criteria for qualification are tightened » The subsidy size is phased-down » For the first time, vehicle price and sales limits are introduced » Subsidies for FCVs are replaced by dedicated promotion packages www.theicct.org [email protected] twitter @theicct 1 Ministry of Finance (2020). -
China Annex VI
Annex I. Relations Between Foreign and Chinese Automobile Manufacturers Annex II. Brands Produced by the Main Chinese Manufacturers Annex III. SWOT Analysis of Each of the Ten Main Players Annex IV. Overview of the Location of the Production Centers/Offices of the Main Chinese Players Annex V. Overview of the Main Auto Export/Import Ports in China Annex VI. An Atlas of Pollution: The World in Carbon Dioxide Emissions Annex VII. Green Energy Vehicles Annex VIII. Further Analysis in the EV vehicles Annex IX. Shifts Towards E-mobility Annex I. Relations Between Foreign and Chinese Automobile Manufacturers. 100% FIAT 50% Mitsubishi Guangzhou IVECO 50% Beijing Motors 50% Hyundai 50% GAC Guangzhou FIAT GAC VOLVO 91.94% Mitsubishi 50% 50% 50% 50% 50% (AB Group) Guangzhou BBAC 50% Hino Hino Dongfeng DCD Yuan Beiqi 50% 50% NAVECO Invest Dongfeng NAC Yuejin 50% Cumins Wuyang 50% Guangzhou GAC Motor Honda 50% Yuejin Beiqi Foton Toyota 50% Cumins DET 50% 55.6% 10% 20% 50% Beiqi DYK 100% Guangzhou Group Motors 50% 70% Daimler Toyota 30% 25% 50% 65% Yanfeng SDS shanghai 4.25% 100% 49% Engine Honda sunwin bus 65% 25% visteon Holdings Auto 50% (China) UAES NAC Guangzhou 50% Beilu Beijing 34% Denway Automotive 50% Foton 51% 39% motorl Guangzhou 50% Shanghai Beiqi Foton Daimler 100% 30% 50% VW BAIC Honda Kolben 50% 90% Zhonglong 50% Transmission 50% DCVC schmitt Daimler Invest 100% 10% Guangzhou piston 49% DFM 53% Invest Guangzhou Isuzu Bus 100% Denway Beiqi 33.3% Bus GTE GTMC Manafacture xingfu motor 50% 20% SAIC SALES 100% 20% 100% 100% DFMC 100% Shanghai -
Factsheet: Battery Electric Mobility in China
Factsheet: Battery electric mobility in China Status: October 2020 O Chinese development strategy for electric mobility V Generating around half of global sales of electric vehicles, China is by far the largest electric mobility market in the E world. Alongside worldwide technological leadership, it was the goal of the country’s government to put at least 5 R million so-called NEVs (New Energy Vehicles) on China’s roads by the end of 2020. The Chinese government denes V NEVs to include rstly, purely battery-electric vehicles (BEVs – Battery Electric Vehicles) and plug-in hybrids (PHEVs – Plug-in Hybrid Vehicles), and secondly, fuel cell vehicles or particularly efcient vehicles without electric I drives. This factsheet concentrates on BEVs and PHEVs as well as the associated charging infrastructure1 and E provides an overview of the measures taken so far in the areas of market activation, funding support and stock of W both vehicles and charging columns. Market activation phase for BEVs and PHEVs up to 2020 Deploying massive political and nancial commitment, the Chinese government advanced the rollout of NEVs and charging infrastructure in all market segments over the past ten years in order to achieve long-term climate, energy and industrial policy goals in the transport sector. The 13th ve-year plan, the Technology Roadmap of MIIT (Ministry of Industry and Information Technology) and the NEV development plan provide the policy framework for the market rollout phase. Strategies of the Chinese government for the market rollout of electric -
The Impact of Electrically Chargeable Vehicles on the EU Economy
March │ 2017 The impact of Electrically Chargeable Vehicles on the EU economy A literature review and assessment Study prepared for ACEA March 2017 Table of contents Section 1. Executive Summary 1 2. Overview of Electrically Chargeable Vehicles 4 3. ECV market development 8 4. ECV take-up projections for the EU 20 5. Impact of different scenarios on the EU automotive sector value chain and macroeconomic indicators 22 Copyright 2017 FTI Consulting LLP. All rights reserved. FTI Consulting LLP. Registered in England and Wales at 200 Aldersgate, Aldersgate Street, London EC1A 4HD. Registered number OC372614, VAT number GB 815 0575 42. A full list of Members is available for inspection at the registered address. March 2017 1. Executive Summary 1.1 Electrically Chargeable Vehicles (“ECVs”) include Plug-in hybrids (“PHEVs”), Battery Electric Vehicles (“BEVs”) and Hydrogen Fuel-Cell Vehicles (“FCEVs”). ECVs can greatly reduce emissions associated with driving and are capable of being emission free (depending on the sources of electricity and hydrogen they use). As a result, they are expected to play a major part in the EU’s decarbonisation efforts. ECVs depend on subsidies which appear to be less comprehensive in the EU than in other key markets 1.2 Governments around the world have been trying to help overcome the still significant barriers to the widespread uptake of ECVs. These barriers include concerns over recharging and vehicle range, as well as the cost of vehicle which is still around double of comparable vehicles. 1.3 Both China and the US offer a wider range of subsidies and financial incentives to consumers and vehicle manufacturers. -
The Rise of Shenzhen and BYD--How a Chinese Corporate Pioneer Is Leading Greener and More Sustainable Urban Transportation and Development
Trinity College Trinity College Digital Repository Faculty Scholarship 2-2016 The Rise of Shenzhen and BYD--How a Chinese Corporate Pioneer is Leading Greener and More Sustainable Urban Transportation and Development Taylor Lynch Ogan Trinity College, Hartford Connecticut, [email protected] Xiangming Chen Trinity College, [email protected] Follow this and additional works at: https://digitalrepository.trincoll.edu/facpub China The Rise of Shenzhen and BYD – How a Chinese Corporate Pioneer is Leading Greener and More Sustainable Urban Transportation and Development BY TAYLOR LYNCH OGAN AND XIANGMING CHEN While the world is focusing on if the Chinese problems? What can we learn from its success government can be a trusted and reliable that has a positive impact on sustainable cities? leader in dealing with global climate change, Understanding how BYD has done it, in relation a Chinese company – BYD – has been to its home city of Shenzhen in southern China, leading the industrial and technological can teach us two important lessons. One is the frontier of green energy transportation and critical importance of a bold corporate vision Taylor Lynch Ogan contributing to more sustainable urban and its persistent execution. The other is how Currently a sophomore development in China. the pioneering role of a home-grown company, at Trinity College, Connecticut, majoring in nurtured by its local government, can improve Urban Studies hina has been a dominant factor in the its urban environment and set it up as a model global response to climate change as the for other cities. world’s largest emitter of CO . China got C 2 central attention and much praise at the 2015 The Urbanisation-Pollution Nexus United Nations Climate Change Conference Over the past three decades, China has held in Paris after President Xi Jinping had experienced the most rapid urban expansion in pledged to cap its rapidly growing carbon emis- human history. -
October 10, 2006
Hong Kong Equity | Automobile Company in-depth BYD Company 比亞迪股份 (1211 HK) ACCUMULATE Three engines to drive growth Share Price Target Price BYD enters into the new product cycle in 2018, the new generation NEVs with HK$47.2 HK$54.2 “DragonFace” design are well-accepted by car buyers and achieved significant growth after launch. BYD will continue enhancing its competitiveness with upgrading its NEVs with long driving range and high battery density. In addition China / Automobile / Auto Maker to the new Skyrail projects going into operation and the external sales of EV batteries to begin in 2019, we believe BYD will enter into upward cycle. Initiate 7 January 2019 Accumulate with TP of HK$54.2 and a 15% upside from here. New generation of NEPVs drive automobile segment growth: BYD entered into a new Alison Ho (SFC CE:BHL697) product cycle in 2018 and more than 10 NEPV models have been launched last year. (852) 3519 1291 Among them, Yuen EV, Tang DM and Qin Pro with the “Dragon Face” design recorded [email protected] significant sales volume growth, which also ranked top 20 of best-selling NEVs in China. Given the new appearance and the improvement of driving range, we believe BYD’s NEPV are highly competitive and we expect its NEPVs sales to continue to trend up and Latest Key Data it is likely to offset the revenue loss from the subsidies cut. Total shares outstanding (mn) 2,728 The reduction of NEV subsidies to drag down EV buses’ GPM: The subsidies of EV Market capitalization (HK$mn) 128,768 buses have cut by 40% in 2018, we expect the subsidies will continue to reduce in 2019.