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On January 28th, the Baimajing "Photovoltaic-Storage-Charging" supercharging station in Danzhou, Hainan, officially commenced operation. With a total installed capacity of 8,000 kilowatts, it is currently the largest new energy heavy-duty truck charging station in Hainan Province. According to reports, this supercharging station was jointly invested in by China Southern Power Grid Hainan Electric Vehicle Company and Hainan Susutong Supply Chain Co., Ltd., with an investment of 12 million yuan. It has 40 high-power charging terminals, capable of simultaneously providing full-power charging services for 20 heavy-duty trucks (heavy-duty trucks use two charging terminals at a time to improve charging efficiency). It can serve over 200 vehicles per day, meeting the rapid energy replenishment needs of various new energy vehicle models, including new energy heavy-duty trucks and ordinary passenger cars. The supercharging station adopts integrated "photovoltaic-storage-charging" technology, combining photovoltaic power generation, intelligent energy storage, and high-power supercharging technology, and is expected to contribute to a reduction of approximately 200,000 kilograms of carbon dioxide emissions annually.January 28th - Starbucks (SBUX.O) reported a 7% increase in same-store sales in China for the first quarter, with net revenue of $9.9 billion, exceeding market expectations of $9.65 billion. Adjusted earnings per share were $0.56, also exceeding market expectations of $0.59. Starbucks projects full-year same-store sales growth of at least 3%, compared to market expectations of 2.83%. Starbucks shares rose over 3% in pre-market trading.January 28th - Trump previously stated that he would soon announce his nominee for Federal Reserve Chairman and predicted that interest rates would fall after the new chairman takes office. WisdomTree commodity strategist Nitesh Shah pointed out that the reality is that any nominated candidate is unlikely to be as resolute in resisting Trumps demands as Powell, which is beneficial for gold. Regarding gold jewelry consumption, I believe high prices will suppress demand, but the current high levels may, to some extent, boost speculative investment in the retail sector.EU Energy Commissioner Jorgensen: The US threat to Greenland serves as a wake-up call for the EU in terms of energy.EU Energy Commissioner Jorgensen: The EU is actively seeking alternative sources of liquefied natural gas (LNG) supply.

Toyota's January Vehicle Output Rose 8.8% But Fell Short of Expectations

Charlie Brooks

Feb 27, 2023 14:06

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Toyota Motor (NYSE:TM) Corp increased its global vehicle production by 9% in January, the first increase in three months, but still fell short of its goal due to COVID-19-related part shortages.


Toyota, the world's largest automaker by volume, produced 689,090 vehicles worldwide in January, an increase of 8.8% compared to the same month the previous year. This was just short of the 700,000 vehicles the company had previously projected it would produce during the month.


This excludes output from its Daihatsu Motor Co. and Hino Motors Ltd. subsidiaries.


It was reported that domestic production increased by 30% to 211,572 vehicles. The chip shortage and COVID-19-related lockdowns negatively impacted last year's numbers.


It was reported that global sales dropped 5.6% to 709,870 vehicles due to the sustained impact of the chip shortage.

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