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Jianye Real Estate (00832.HK): In October, the Group achieved contracted property sales of RMB561 million, a decrease of 41.4% year-on-year; contracted sales area of 80,916 square meters, a decrease of 49.3% year-on-year; and average selling price per square meter of RMB6,933, an increase of 15.5% year-on-year.The onshore yuan closed at 7.1175 against the US dollar at 16:30 on November 10, up 50 points from the previous trading day.On November 10th, the National Development and Reform Commission and the National Energy Administration issued guiding opinions on promoting the consumption and regulation of new energy. The opinions emphasize promoting the integrated development of new energy and industry. They call for actively promoting the coordinated transfer of industries from the eastern region to the eastern region and the local consumption of new energy in industrial bases, and steadily and orderly promoting the transfer of energy-intensive industries to western regions with clean energy advantages. The opinions encourage traditional industries to innovate their processes and improve load flexibility, using more new energy in heating, cooling, and power sectors. They support the integrated development of strategic emerging industries such as information technology, high-end equipment manufacturing, and new materials with new energy in regions rich in new energy resources. The opinions also strengthen the coordinated planning, layout, and optimized operation of new energy and computing facilities, promoting the green development of computing facilities.On November 10th, the National Development and Reform Commission and the National Energy Administration issued guiding opinions on promoting the consumption and regulation of new energy sources. The opinions emphasize accelerating the improvement of system regulation capacity. This includes actively promoting the construction of leading reservoir power stations in river basins and the expansion and upgrading of hydropower capacity. It also calls for accelerating the construction of pumped storage power stations to fully leverage their multiple functions, such as peak shaving and valley filling. Furthermore, it advocates vigorously promoting the construction of technologically advanced, safe, and efficient new energy storage systems, exploring the potential for energy storage regulation in conjunction with new energy sources, and improving utilization levels. The opinions also recommend appropriately planning peak-shaving gas-fired power generation, constructing solar thermal power plants according to local conditions, promoting the transformation and upgrading of next-generation coal-fired power plants, and driving the replacement of coal-fired self-owned power plants with new energy sources. Finally, it emphasizes fully leveraging the role of virtual power plants in aggregating load-side regulation resources and expanding the large-scale application of vehicle-to-grid interaction.On November 10th, the National Development and Reform Commission and the National Energy Administration issued guiding opinions on promoting the consumption and regulation of new energy. The opinions propose innovating pricing mechanisms to promote the consumption of new energy. This includes establishing and improving mechanisms for the formation and adjustment of inter-provincial and inter-regional new energy power transmission prices, encouraging the formation of overall transmission prices for various power sources in new energy transmission bases. The opinions also aim to enhance the flexibility of inter-provincial and inter-regional transmission price mechanisms and study relevant pricing mechanisms for offshore wind power transmission projects. Furthermore, the opinions emphasize implementing and improving pricing mechanisms to promote the local consumption of new energy. They also call for improving and refining pricing mechanisms for regulatory resources such as coal-fired power, pumped storage, and new energy storage. Finally, the opinions stress accelerating the effective transmission of market price signals to end users, improving retail market pricing mechanisms that reflect time-of-use value differences, and studying and establishing a sound residential time-of-use electricity pricing mechanism.

Argo Tests Driverless Vehicles on The Streets of Miami And Austin

Aria Thomas

May 18, 2022 10:01

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Tuesday, self-driving firm Argo AI said that its employees would be transported in driverless vehicles through the streets of Miami, Florida and Austin, Texas, with commercial applications to come at an indeterminate period.


Argo, which is supported by Ford Motor (NYSE:F) Co and Volkswagen AG (OTC:VWAGY), has tested its robotaxis on public roads in both cities for a number of years, although safety drivers have always been present.


"Argo is the first to go driverless in two major American cities, securely operating among high traffic, pedestrians, and bikers in the busiest districts," said Bryan Salesky, chief executive officer of Argo AI.


The startup permits ride-hailing, delivery, and logistics firms to integrate its autonomous vehicles into their operations.


A spokesperson for Argo AI stated that ride-hailing service Lyft Inc (NASDAQ:LYFT) and retail-grocery chain Walmart (NYSE:WMT) Inc were incorporating the technology in trial programs.


"Our driverless operations are initially focused on performing employee rides utilizing our in-house designed ride hailing test software," the spokesperson explained. We will integrate driverless vehicles into commercial operations when the time is right.


Lyft, which sold its own autonomous driving technology company a year ago, joined with Argo AI and Ford in July. By providing routing, customer interface, and fleet management services, the ride-hailing company plans to "get the maximum amount of income" from the robotaxis.


Walmart said in September that it would launch an autonomous car delivery service in Miami, Austin, and Washington, D.C. in partnership with Argo AI and Ford.


Self-driving businesses have frequently delayed timeframes for providing genuinely driverless rides on a large scale, with only a handful of limited fully autonomous programs available in the United States.


Human drivers account for around 80% of the per-mile cost of conventional ride-hailing services. Self-driving businesses must recoup billions of dollars in development expenditures and determine how to efficiently grow, manage, and repair vehicle fleets.

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