February 18, 2013 in EV News
SHANGHAI — eHi Car Services has entered into a strategic partnership with SAIC Motor, the largest automotive manufacturer in China and a Global Fortune 500 company. This relationship starts with a first order of thousands of vehicles including Roewe E50 electric vehicles and Roewe 550 plug-in electric hybrid vehicles.
Recently, the Chinese government has released several stimulating policies such as a waiver of sales tax and free license plates to further develop the electric vehicle industry in China. The industry is growing rapidly, and the alliance of eHi and SAIC is a milestone, signaling the bright future of China’s electric vehicle industry.
Xiaoqiu Wang, Vice President of SAIC, said during the signing ceremony, “As the first Chinese automaker who strategically planned the development of alternative energy vehicles, SAIC has been focusing on R&D, manufacturing and production. Currently, SAIC offers Roewe E50 EV, Roewe 550 PLUG-IN HYBRID, Roewe 750 FUEL-CELL, and other alternative energy vehicles. Other than having government support, it is more important to create an active market demand for electric vehicles in China. We believe the alliance of eHi and SAIC can help promote electric vehicle adoption as well as the electric vehicle industry in China.”
Ray Zhang, eHi’s founder and CEO, mentioned that eHi has been maintaining a great relationship with SAIC. “Both parties have been working together on the rental service of electric vehicles since 2013. The successful collaboration is on a strong foundation for this strategic partnership,” said Ray Zhang. “We are very impressed by SAIC’s leading technologies, excellent product quality and post-sale services. Our strategic partnership will cover all SAIC product lines from existing vehicle models to future models particularly in alternative energy vehicles. eHi will actively participate in SAIC’s product development and market promotion. In turn, SAIC can leverage eHi’s nationwide coverage to offer consumers SAIC’s latest products. We are looking forward to adding SAIC’s best-in-class products in our wide variety of offerings to our valued customers through our online and offline channels.”
As a leading car rental services provider in China, eHi Car Services has the largest directly-owned service network covering over 90 Chinese cities and over 700 service locations. eHi has been providing EV rentals and free charging service to its customers, and these services will be available in more cities in China.
eHi’s Roewe E50 EV rental has been well accepted by many customers. This new round of EV acquisition is based on eHi’s more than a year of operating experience, data analysis and market experiments.
SAIC released its Roewe 550 PLUG-IN model in March this year, which has received very positive feedback. The car has a driving range of more than 500 kilometers while reducing fuel consumption by 70%. eHi is looking forward to the success of Roewe 550 PLUG-IN in the rental car market because of the car’s greater fuel efficiency and better comfort level.
Some experts stressed that this strategic partnership between eHi and SAIC is a great start to allow consumers to experience and learn more about alternative energy vehicles given the growing environmental concern in China. It also helps in the building of EV charging infrastructure and developing related technologies.
eHi is the leading car rental and car service provider in the fast growing market in China. Founded in January 2006 with the goal of providing comprehensive mobility services to both consumer and corporate clients, eHi is the first car rental company utilizes the latest information technology to achieve a complete service delivery and vehicle management system in China. With its headquarter based in Shanghai, eHi offers car rental and car service nation-wide with more than 700 eHi outlets located in more than 90 cities. eHi’s fleet consists of more than 100 different vehicle types. During the past eight years since its establishment, eHi has experienced a steady and rapid growth while achieving industry leading vehicle utilization rate and brand-name recognition. Today, eHi has become the designated car service provider for most of the Fortune 500 companies that have operations in China.
About SAIC Motors
SAIC Motor is the largest auto group on the Chinese A-share stock market (Stock Code: 600104). By the end of 2013, SAIC’s total equity topped 11 billion units. SAIC Motor provides research, production, sales and logistics services of vehicles (passenger cars and commercial vehicles) and components (engines, gearboxes, powertrains, chassis, interior and exterior and electronic components). It also offers vehicle telematics, second-hand vehicle transactions and auto finance services. SAIC’s affiliated vehicle companies include Morris Garages, SAIC Motor Commercial Vehicle Co, Shanghai Volkswagen Co, Shanghai General Motors Co, Shanghai General Motors Wuling (SGMW), NAVECO Ltd, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corporation (SUNWIN). SAIC Motor has maintained its dominant position in the domestic auto industry. In 2013, it sold 5.11 million vehicles, an increase of 13.7 percent over the past 12 months. In addition, it took in $92.02 billion in revenue that year and climbed up the Fortune 500 list for the tenth year running, making its way to 85th place from last year’s 103rd.
This article is a repost, credit: eHi.
American Vanadium’s CellCube™ Delivered and Being Commissioned at the National Renewable Energy Laboratory
American Vanadium Invites Utilities and Interested Parties to View the CellCube TM
American Vanadium Corp. (“American Vanadium” or the “Company”) (TSX.V: AVC) (OTCQX: AVCVF) is pleased to announce (8-14-14) that the U.S. Department of Energy’s National Renewable Energy Laboratory (“NREL”) is currently commissioning the first CellCube vanadium flow energy storage system to arrive in North America. While there are more than 65 CellCube systems commercially installed globally, this will be the first to be showcased in North America.
NREL, located in Colorado, is providing its new, state-of-the-art Energy Systems Integration Facility (ESIF) to independently test the CellCube for renewable integration, microgrid and utility scale applications in North America. NREL will provide an independent report on the technical characteristics of the CellCube energy storage system, which American Vanadium will make available to interested parties.
American Vanadium is inviting utilities, renewable energy project developers, industrial microgrid customers and media to visit NREL to view the CellCube system in operation and to further understand its capabilities. Parties interested in viewing the CellCube at NREL are invited to email the Company at email@example.com for an appointment.
“We are very excited about independently showcasing our commercially available energy storage systems at such a leading-edge facility as NREL in Colorado,” said Bill Radvak, President and CEO of American Vanadium. “With our ability to provide reliable, long-duration energy storage systems coupled with long-term financial packages, we are now in position to enable our partners to submit the most competitive bids.”
“The ESIF is a megawatt-scale facility that provides industry users with the ability to minimize the risk and accelerate the impact of new technologies and help move them into the market faster,” said Dr. Martha Symko-Davies, Director of Partnerships, Energy Integration, at the National Renewable Energy Laboratory in Golden, Colorado. “The ability to demonstrate and evaluate technologies that can help integrate renewables into the grid is where the ESIF has an extremely important role for the evaluation of the CellCube.”
About American Vanadium Corp.
American Vanadium is an integrated energy storage company and the Master Sales Agent in North America for GILDEMEISTER energy solution’s CellCube energy storage system. The CellCube is the world’s only commercially available vanadium flow battery, providing long duration solutions over a 20+ year life for a broad range of applications including renewable energy integration and demand charge reduction. CellCube is a powerful, durable and reliable energy storage system that ensures a clean, emission-free energy supply at all times. American Vanadium is developing the Gibellini Vanadium Project in Nevada to be the only dedicated vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems.
This article is a repost (8-14-14), credit: American Vanadium. Video courtesy of NREL.
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (Persian Gulf). Current deliveries from Badra to the pipeline stand at over 15,000 barrels of oil per day and this level should be maintained until the end of 2014. According to the service contract with the Government of Iraq, the consortium of investor companies will begin receiving a share of the oil produced at the field after a period of 90 days following launch of commercial supply.
All of the oil produced in southern Iraq, including at Badra, is Basrah Light oil. The Iraqi State Oil Marketing Organization (SOMO) is responsible for oil sales and each quarter will be delivering a share of oil to the investor companies to reimburse their initial project costs. Once these project costs have been covered, the investor companies will receive remuneration in kind for ongoing development at the rate of $5.5 of oil per barrel produced. Each investor company will be selling their share of oil independently.
First oil from the Badra field was produced in December 2013. Final commissioning at the field and testing of production and transportation infrastructure began in May 2014. Two wells are currently in production at the field and a further three wells are being drilled under a contract with the Chinese company ZPEC. According to the service contract production at the field will achieve 170,000 barrels of oil per day.
Alexander Dyukov, Chairman of the Management Board of Gazprom Neft, said:
Over the period of just a few years, a consortium of companies led by Gazprom Neft has fully prepared Badra, one of the most complex geological field structures in Iraq, for full-scale commercial development. This is the first major international project in upstream the company has implemented from scratch. The unique experience gained during this project will contribute to our development of future projects both in Russia and internationally.
The Badra oil field is located in Wasit Province in Eastern Iraq. According to preliminary estimates, geologic reserves at the Badra field amount to 3 billion barrels of oil.
The Badra oil field development project is scheduled to last 20 years with a possible 5-year extension. Under the terms of the contract, investors will be reimbursed for costs incurred and paid a fee equivalent of $5.5 per barrel of oil produced.
The contract with the Iraqi government for development of the oil field was signed in January 2010 upon completion of a bid process in December 2009. The winning bid was submitted by a consortium of companies consisting of Gazprom Neft, KOGAS (Korea), PETRONAS (Malaysia), and TPAO (Turkey). Gazprom Neft is the project operator.
Gazprom Neft’s share in the project is 30 percent, while KOGAS has 22.5 percent, PETRONAS has 15 percent, and TPAO has 7.5 percent. The share of the Iraqi government, represented in the project by the Iraqi Oil Exploration Company (OEC), is 25 percent.
New infrastructure has been built at the field to enable full-scale development including the first stage of the central gathering point (CGP) with a capacity of 60,000 barrels per day. The CGP’s capacity will eventually be increased threefold. In spring 2014 a 165 kilometer pipeline connecting the oilfield with Iraq’s major pipeline system was brought into operation. The company has launched construction of a gas processing complex with a capacity of 1.5 billion cubic metres per year, and work is continuing on laying a 100 kilometer pipeline connecting the Badra field with the Zubaida power plant (Wasit Province).
A major focus on social projects addresses the school education system, medicine and electricity in the Wasit Province and the city of Badra. Annual social investment in the region has increased to $5 million starting from 2014.
This article is a repost, credit: Gazprom.