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Driverless vehicles to lift battery swapping

Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. The company aims to build 1,000 battery swapping stations in China in 2023, bringing the total number to 2,300 by this year-end.

A boom in autonomous vehicles is expected to usher in fresh development opportunities for the battery swapping sector in China, throwing open a billion-dollar market in energy storage.

In May, Baidu unveiled its sixth-generation robotaxi services in Wuhan, Hubei province, with the autonomous vehicles operating using a battery swapping system, utilizing standardized battery packs and smart battery swapping stations from a subsidiary of GCL Energy Technology Co Ltd.

Each vehicle autonomously schedules visits to these stations based on service status, location data, and battery levels, completing a rapid battery swap upon arrival to maximize operational efficiency.

The rapid commercialization and deployment of autonomous ride-hailing and taxi services are expected to drive demand for battery swapping, CITIC Securities said in a report.

This method offers advantages such as unmanned operation, high efficiency and lower costs from reduced human workforce, and is particularly suited for fixed routes and scenarios without human intervention.

CITIC Securities has forecast that the number of battery swapping stations will reach 27,500 by 2026, with a compound annual growth rate of 93 percent from 2022 to 2026, and the market size for battery swapping equipment is expected to reach 30.5 billion yuan ($4.2 billion).

Baidu said the decision to use battery swapping for its robotaxis stemmed from its full automation compared to the manual handling required for battery charging services, resulting in savings on labor costs.

Additionally, while recharging via a charging pole takes at least half an hour, swapping a battery only takes three minutes, saving valuable time that can be devoted to better driving services, thereby enhancing operational efficiency.

Lu Jiamin, chief automotive analyst at Cinda Securities, said: "Baidu's latest sixth-generation robotaxi has reduced vehicle costs by 60 percent compared to the fifth generation. Operating and service costs have also fallen by 30 percent and 80 percent, respectively."

Robotaxi operation service platform Ontime has estimated that a robotaxi's cost per kilometer will undercut human-driven ride-hailing services by 2026, signaling a gradual mainstreaming of robotaxi services.

Baidu hopes to achieve financial balance in Wuhan by the end of 2024 and overall profitability by 2025 for its robotaxi services.

Against this backdrop, key players in the driving and battery charging/swapping sectors have stepped up collaboration to tap the surging market.

Baidu has collaborated with GCL Energy Technology's subsidiary for battery packs and swapping stations. Shandong Weida Machinery supplies swapping station equipment and services to NIO. CATL has partnered with automobile makers and ride-hailing services such as JAC Group, Didi and BAIC Motor in the battery swapping field. Automobile companies such as the SAIC Motor and Geely have also made significant strides in this domain.

CITIC Securities anticipates robust growth of the battery swapping sector, driven by proactive efforts throughout the supply chain and promising prospects for battery swapping in taxis and heavy vehicles.

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China's space body reveals the weight of samples collected from moon's far side

The returner of the Chang'e 6 lunar probe is opened during a ceremony at the China Academy of Space Technology under the China Aerospace Science and Technology Corporation in Beijing, June 26, 2024. The returner of the Chang'e 6 lunar probe was opened at a ceremony in Beijing on Wednesday afternoon. 

A total of 1,935.3 grams of lunar samples were retrieved by China's Chang'e 6 robotic probe from the moon's far side, the China National Space Administration announced on Friday morning, as the space authority handed over the scientifically invaluable substances to scientists.

The weight of the samples, the most asked question by science and space enthusiasts over the past two days, was revealed by the space administration at a handover ceremony at its Beijing headquarters.

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Impressions of the New Era: Technology empowers modern agriculture across China

Looking across the fertile countryside, regions everywhere are seizing on the agricultural season to carry out spring farming. With the advancement of science and technology, more and more new technologies are being applied in agricultural production, unveiling a scene of modern agricultural development across the vast fields of China.

With the Qingming Festival, also known as "Tomb-Sweeping Festival," approaching, West Lake Longjing, known as one of China's best green teas, has entered the large-scale picking period. In the tea gardens in Hangzhou, East China's Zhejiang Province, tea farmers are busy picking, sorting, and collecting fresh tea leaves. 

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China’s First Deep-Sea Multi-Functional Scientific Research Vessel Docks In South China

 China’s first multifunctional 104-meter-long archaeological and scientific research vessel for deep-sea exploration and the excavation of cultural relics was docked on Saturday in Nansha District of Guangzhou, located in south China’s Guangdong Province.

Displaced by almost 10,000 tons, China designed the multifunctional vessel independently.

In summer, it can perform deep-sea scientific investigation, cultural relic excavation, and scientific research in the polar sea areas, with bidirectional ice-breaking capability.

It can also accommodate 80 individuals and travel at a maximum speed of 16 knots for about 15,000 nautical miles.

The vessel’s construction began in June last year, with an investment of approximately 800 million yuan.

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China launches four high-resolution remote sensing satellites Andrew Jones May 20, 2024

HELSINKI — China sent a new set of four Beijing-3 optical remote sensing satellites into orbit late Sunday.

A Long March 2D rocket lifted off at 11:06 p.m. Eastern, May 19 (0306 UTC, May 20), from the Taiyuan Satellite Launch Center, north China. The China Aerospace Science and Technology Group (CASC) confirmed launch success within an hour of liftoff.

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