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On November 18th, according to Tianyancha App, Xiaomi Automotive Technology Co., Ltd. recently published a patent application for "Lightweight Design Method, Device, Electronic Equipment and Program Product for Vehicle Structures". The abstract shows that this disclosure relates to the field of vehicle technology, including establishing a macroscopic mechanical characterization by obtaining the finite element model of the components in the vehicle, combining the crystal structure of the beam unit of the component to reflect the microscopic crystal arrangement characteristics of the component, constructing a component topology model, and performing topological analysis on the topology model to obtain the topology analysis results. By combining the microscopic crystal arrangement characteristics and macroscopic mechanical characterization, lightweight design can be performed on the topology analysis results from the microscopic lattice arrangement to the macroscopic structural morphology, thus realizing lightweight design of vehicle structures.Japans Topix index fell 2%.The yield on 30-year Japanese government bonds rose 5.5 basis points to 3.310%.On November 18th, a Citi research report indicated that Leapmotor (09863.HK) reported a net profit of RMB 150 million in the third quarter, in line with expectations. This was mainly due to approximately RMB 250 million in carbon credit revenue, a significant improvement compared to the net loss of RMB 690 million in the same period last year, and similar to the net profit level of the second quarter. Furthermore, the R&D expense ratio decreased by 1.5 percentage points quarter-on-quarter to 6.2%, and the administrative expense ratio also decreased by 0.4 percentage points quarter-on-quarter to 8.1%, keeping the net profit margin stable at 0.8% in the third quarter. Free cash flow reached RMB 3.84 billion during the period, a significant increase compared to RMB 1.2 billion in the previous quarter and RMB 1.3 billion in the same period last year. The company maintained its sales target of 1 million vehicles by 2026. The bank maintained its "Buy" rating with a target price of HKD 100.Hong Kong-listed apparel stocks surged, with Fast Retailing (06288.HK) rising over 5.8%, Luen Thai Holdings (00311.HK) rising over 11%, and Shanshan Brands (01749.HK) and others following suit.

Carbon capture solutions will be investigated by Airbus and airlines

Skylar Williams

Jul 19, 2022 10:40



Airbus and more than six airlines said on Monday that they had signed letters of intent to investigate acquiring carbon reduction credits to offset air travel emissions.


Airbus, Air Canada, Air France-KLM, EasyJet, International Airlines Group (LON:ICAG), LATAM Airlines (OTC:LTMAQ) Group, Lufthansa Group, and Virgin Atlantic have committed to "negotiations on the prospective pre-purchase of certified and permanent carbon elimination credits commencing in 2025."


Airbus' partner 1PointFive, a subsidiary of Occidental Petroleum Corp's (NYSE:OXY) Low Carbon Ventures division, will offer the carbon removal credits. 1PointFive proposes to build a direct air carbon capture and storage facility in Texas that will be able to remove up to 1 million tons of C02. According to Steve Kelly, CEO of 1PointFive, construction is scheduled to commence by the end of the year and conclude in 2024.


According to the companies, the partnership between Airbus and 1PointFive includes the four-year pre-purchase of 400,000 tons of carbon removal credits.


Julie Kitcher of Airbus stated, "These early letters of interest reflect a concrete step toward the implementation of this promising technology for both Airbus' decarbonization plan and the aviation industry's objective of attaining net-zero carbon emissions by 2050."


The airline industry, which accounts for around 3 percent of global carbon dioxide emissions, faces severe impediments in its pursuit of aggressive emission reduction goals. According to airline executives, carbon capture might be one component of a complex strategy to reduce emissions.


United Airlines announced in 2020 a multimillion-dollar investment in 1PointFive's intention to construct an industrial-scale direct air capture plant in the United States.


It has not yet been proven on a large scale. A single ton of carbon dioxide costs hundreds of dollars to gather. Earlier attempts at carbon capture and storage (CCS) have been unsuccessful.

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