👋 Watts up? Some great news for the clean energy industry, as Europe has achieved its cleanest-ever power generation mix in 2024, with overall power emissions down 59% compared to 1990. BYD has also achieved a substantial milestone in 2024, selling over 4 million new energy vehicles, averaging 50% year-on-year growth. Learn more on these stories, and others, in todays issue.

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QotD: Roughly how many Tesla Superchargers are installed globally?

ELECTRIC VEHICLES

BYD Sells Record Number of EVs in 2024

🚗 BYD reached a historic milestone this year, surpassing 4 million annual sales for the first time. December alone saw record sales of 514,809 New Energy Vehicles (NEVs), a 50.95% year-on-year increase.

• December sales of passenger NEVs reached 509,440 units, up 49.76% from the previous year.

• Passenger BEVs grew by 8.90% year-on-year to 207,734 units, while PHEVs totalled 301,706 units despite a minor monthly decline.

• Commercial NEV sales surged by 520.69% year-on-year, with 5,369 units sold.

• Overseas markets contributed significantly, with 57,154 units sold in December, a 58.34% increase.

• Total 2024 NEV sales reached 4,272,145 units, up 41.26%, with PHEVs growing 72.83% and BEVs 12.08%.

• Overseas sales for 2024 rose by 71.86%, totalling 417,204 units.

BYD’s achievements highlight its growing dominance in the NEV market, both domestically and internationally.

INFRASTRUCTURE

Tesla to Release V4 Supercharger in China

🔋 Tesla will launch its advanced V4 Superchargers in China in 2025, a key step in expanding its electric vehicle charging network. Announced on the company’s Weibo account, this marks Tesla’s ongoing commitment to improving EV charging experiences.

• V4 Superchargers deliver up to 500 kW of power, accommodating a wider range of EVs, including third-party models.

• Initially introduced in the United States in October 2023, these chargers emphasise speed and efficiency.

• Over 11,500 Superchargers have been installed in China since Tesla’s market entry in 2013.

• The Shanghai Supercharger factory, opened in 2021, supports infrastructure growth, producing up to 10,000 chargers annually.

• Tesla made its network accessible to other EV brands in China in 2023, following similar initiatives globally.

This move highlights Tesla’s leadership in EV infrastructure development, enhancing accessibility and supporting the adoption of sustainable transportation in China.

CLEAN ENERGY

EU Achieves Record Clean Energy Usage in 2024

☀️ The European Union achieved its cleanest-ever power generation mix in 2024, with emissions from the power sector down 59% compared to 1990, according to Eurelectric. Emissions dropped 13% from 2023, marking a record low for the EU.

• Renewables provided 48% of the power mix, with nuclear contributing 24% and fossil fuels at a historic low of 28%.

• Wind power surpassed natural gas, while hydro and solar added over 40 terawatt hours, enough to power Denmark or half of Belgium annually.

• Wholesale electricity prices averaged €82/MWh, down from €97/MWh in 2023, though winter gas price surges caused temporary spikes.

• Negative electricity prices occurred 17% of the time in some zones, reflecting renewable growth and grid dynamics.

While electrification accelerates decarbonisation, demand grew by less than 2%, hindered by industrial slowdowns. Investments in grid stability, renewable capacity, and strategies to boost electricity demand will be critical to sustaining this progress.

TECHNOLOGIES

LG Energy Solution’s new Advanced EV BMS

📱 LG Energy Solution (LGES) has unveiled an advanced battery management system (BMS) to enhance electric vehicle safety. This innovative system, leveraging system-on-chip (SoC) technology, introduces diagnostic solutions to prevent incidents such as battery overheating.

• LGES has made the BMS a standalone business, offering it to other battery manufacturers to improve industry-wide safety standards.

• Developed in collaboration with Qualcomm Technologies, the BMS integrates with the Snapdragon Digital Chassis, a high-performance computing platform.

• This is the first BMS to utilise SoC computing power, enabling faster and more accurate data processing for thermal issue detection and lifespan prediction.

• It also integrates with Qualcomm’s cloud-connected services, linking diagnostics to vehicle interfaces and cloud platforms for real-time monitoring.

This move highlights LGES’s commitment to advancing battery safety and setting new standards for the EV sector, enhancing reliability and performance across the industry.

WATT ELSE?

• India achieves 200 GW of renewable energy capacity

• Hyundai debuts Creta EV in India

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Answer: 60,000