Industry Hot News —— Issue 070, June 10, 2022

[Hydrogen Energy] The world's first hydrogen-powered tugboat made in Germany was named and delivered
The world's first hydrogen-powered tugboat "Elektra", built by the German shipyard Hermann Barthel in two years, was recently named and delivered. For the first time in the world, the ship combines the hydrogen fuel cell and the electric propulsion system to carry 750 kg of high-pressure compressed hydrogen at a pressure of 500 bar. The battery capacity is 2,500 kWh, the speed can reach 10 km/h, and the maximum propulsion load can reach 1,400 tons. The range is 400 kilometers when pushing the fully loaded heavy barge "URSUS".
Highlight:『It is reported that the hydrogen supplied to the fuel cell by the ship is electrolyzed by the green electricity generated by wind power, and the waste heat generated by the fuel cell on board can be reused, thus realizing another application scenario of hydrogen energy recycling.』

[Industry and Finance] The State Administration of Foreign Exchange issued a document to support high-tech and "professional, refined, specialized and innovative" enterprises to carry out cross-border financing
The State Administration of Foreign Exchange has recently issued the Notice on Supporting High-tech and "Professional, Refined, Specialized and Innovative" Enterprises to Carry out Pilot Projects for Cross-border Financing Facilitation. Eligible high-tech and "professional, refined, specialized and innovative " enterprises within the jurisdiction of the pilot branches in the early stage can independently borrow foreign debts within the equivalent of US$10 million, and similar enterprises within the jurisdiction of other branches are subject to a limit of US$5 million.
Highlight: 『There are 17 pilot branches including the Shanghai branch, the Shenzhen branch, and the Jiangsu branch. Pilot branches carry out their work in accordance with the "Guidelines for the Pilot Business of Cross-border Financing Facilitation for High-tech and " Professional, Refined, Specialized and Innovative" Enterprises (Trial) ".』

[Electric Power] The New Power System Technology Innovation Alliance was established, and the investment and construction of energy and power started
Recently, State Grid initiated the establishment of a new power system technology innovation alliance by 31 enterprises, universities and social groups to comprehensively promote eight power innovation demonstration projects, including the active support of new energy, new energy storage, green production and efficient utilization of hydrogen energy, electric carbon market, and electricity demand response, and so on. It is expected that the total investment in R&D and industry will exceed 100 billion yuan.
Highlight:『State Grid plans to invest about 2.23 trillion yuan during the "14th Five-Year Plan" to accelerate the construction of a new power system and promote the transformation and upgrading of the power grid to the energy Internet; the total investment of State Grid in 2022 will be 579.5 billion yuan, which is a record high. 』
[Aerospace] Geely Technology entered the trillion-level commercial aerospace market, and commercial aerospace welcomes new opportunities
"Geely's Future Mobility Constellation" is the first time that China has successfully launched mass-produced commercial satellites in the approach of "one rocket and nine satellites", announcing that this emerging industry is gradually changing from communications and remote sensing to high-precision navigation, a field with great commercial prospects; Geely’s Gigafactory in Taizhou is China's first mass production factory that deeply integrates aerospace and automobile manufacturing capabilities. It has the first commercial satellite AIT (Assembly, Integration and Test) center and flexible production methods. In the future, it will have an annual production capacity of 500 satellites.
Highlight:『Relevant data shows that the scale of China's commercial aerospace market will exceed 1.5 trillion in 2022. Beijing Zhongguancun is building an industrial cluster "Star Valley", and Guangzhou Nansha has also gathered upstream and downstream related industries such as aerospace power, satellite R&D, and measurement and control.』

[Casting] Yizumi's 7000T extra-large die-casting machine was launched for the first time, and the integrated die-casting helped expand the lightweight market
With the rapid expansion of the lightweight market space for pure electric passenger vehicles, the industrialization trend of integrated die-casting is accelerating. It is estimated that the market size will reach 37.6 billion yuan by 2025, with a compound annual growth rate of 160%. With the increase in tonnage of die-casting machines, technological breakthroughs in new materials and expansion of product application scenarios, lightweight components will usher in a period of rapid growth.
Highlight:『The injection speed of Yizumi’s 7000T can reach 12m/s, meeting the process requirements of extra-large integrated die-casting parts. With the breakthrough of domestic R&D technology and the optimization of process cost, import substitution has come to a historical turning point.』

The above information comes from public media and is for reference only.