[BP and Zhejiang Energy Group's Natural Gas Market in China]On May 31, 2023, BP officially signed a joint venture contract with Zhejiang Energy Group's natural gas group and its holding companies to jointly establish a liquefied natural gas trading company to sell LNG through tank truck transportation. This is the first collaboration between BP and Zhejiang Energy Natural Gas. This joint venture is BP's third tank truck LNG trading and sales company in China, with the other two being Shenzhen Dapeng Liquefied Natural Gas Sales Co., Ltd. and Xinying Energy Trading Co., Ltd. Editor/Ma Xue
The electrification renovation of the Golmud Lhasa section of the Qinghai Tibet Railway will start in November 2026 and is expected to be put into operation in 2029. At that time, the Fuxing Express will directly reach Lhasa, and the travel time from Xining to Lhasa will be reduced to about 14 hours. The external power engineering supporting the project will start construction first, ending the internal combustion traction mode that has been used for 20 years and achieving the localization of power equipment for high-altitude railways. Editor/Min Jing
In the first half of 2026, the amount of electric motorcycles and tricycles imported from China to Africa reached 114.6 million US dollars, a year-on-year increase of 60%, with Morocco, Egypt, and Algeria being the main importers. China's two wheeled electric vehicles going global are upgrading from whole vehicle exports to an ecological output of supply chain, battery swapping network, and local assembly. Spiro has raised $270 million in financing, and Yadea and Tailing are accelerating the layout of battery swapping and localization. Editor/Min Jing