Workers at the Zhong Tian (Zenith) Steel Group Corporation in Changzhou, China’s Jiangsu province on May 12, 2016.
Kevin Frayer | Getty Images News | Getty Images
Goldman Sachs economists have cut their forecasts for China’s economic growth in 2021 as the world’s second-largest economy faces “yet another growth shock” in the form of constraints on energy consumption.
The Wall Street banking giant now expects China’s GDP to grow 7.8% in 2021 compared with a year ago — that’s lower than its previous forecast for an 8.2% year-on-year expansion. Goldman’s downgrade followed similar moves by Nomura and Fitch.
“A relatively new, but tightening, constraint on growth comes from increased regulatory pressure to meet environmental targets for energy consumption and energy intensity,” the economists said in a Tuesday report.
It has come on top of other economic risks for China, such as a slowdown in property sales and construction activity in the wake of a debt crisis facing real estate giant Evergrande, said Goldman.
Efforts to reduce emissions and a shortage in coal supplies caused power shortages across China that halted production at factories including those supplying Apple and Tesla, reported Reuters.
“The peculiar nature of the Covid shock has made the economy more energy-intensive, at least temporarily,” said Goldman’s economists, explaining that an exports boom following the pandemic increased the demand for power from manufacturers.
“Meanwhile, efforts to reduce coal-fired related emissions and a reduction in coal imports have affected supply levels at least on the margin, contributing to a sharp increase in prices,” they added.
Goldman said production cuts among manufacturers and less fiscal support mean that the Chinese economy will grow at a slower pace in the third and fourth quarters this year.
The bank expects China’s economy to grow 4.8% in the third quarter of 2021 compared to a year ago, and 3.2% in the fourth quarter. Previously, Goldman’s forecasts were 5.1% and 4.1% for the third and fourth quarters, respectively.
Rising uncertainty in the Chinese economy will affect economic growth prospects across Asia-Pacific, ratings agency S&P Global Ratings said Tuesday.
The agency downgraded its 2021 growth forecast for China to 8% from 8.3%. It also cut its growth projection for Asia-Pacific to 6.7% for this year from 7.5% previously.
“One downside and rising risk relates to a changing growth path in China,” Paul Gruenwald, global chief economist for S&P Global Ratings, said in a report.
Persistent Covid waves have also weakened the region’s economic outlook, said the agency. But vaccination rates have increased while countries have become more tolerant of further Covid outbreaks — which will allow economies to gradually open, it added.
For more than 30 years, John Deere’s go-anywhere Gator has been a trusted tool for ranchers, landscapers, and hobby farmers. But the all-electric TE 4×2 version of Big Green’s little truckster rarely gets to steal the spotlight from its ICE-powered 6×4 cousins.
That OG E-Gator was designed from the ground up for quiet work in places like golf courses, university and hospital campuses, luxury resorts, and corporate grounds – but its go-anywhere design and quiet running made it a favorite of hunters and ranchers, too. Fitted with eight heavy, 12V lead-acid batteries, the ’98 Gator could deliver 6 hours of runtime between overnight charges.
Advertisement – scroll for more content
We haven’t come a long way, baby
TE 4×2 loaded w/ attachments; via John Deere.
If it ain’t broke, don’t fix it. That seems to be the mentality at Deere when it comes to the all-electric Gator. The TE 4×2 hasn’t chased trends or tried to reinvent itself with flashy autonomous tech. Instead, it’s relied solid, work-horsey reasons. Instead, the UTV has leaned on the formula that’s made it a winner for more than 25 years: bulletproof reliability, low maintenance, and a design that just works. Even the added weight of the low-tech batteries compared to more energy-dense li-ion deals makes sense in this application, providing weight over the drive wheels that delivers sure-footed traction on slippery grass or muddy trails.
That’s not to say the Gator hasn’t changed at all over the last few decades. The electrical system has been upgraded to 48V, and its high-capacity, deep-cycle batteries (12 kWh total capacity) give the TE 4×2 dependable, all-day runtime (up to 8 continuous hours) with the benefit of modern chargers, regenerative braking (!), and updated safety features.
The TE 4×2 electric Gator is available from your local Deere dealer with prices starting at $15,699. And, if you’re looking for an endorsement: my personal Gator is easily my favorite thing … maybe I should try to change my Twitter X handle to “GatorJo”?
Let me know what you think of that idea in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
I’m going to start this off by immediately begging you not to buy this ridiculous contraption you’ll see in the article below. You’ve been warned. Ok, now feast your eyes on this monstrosity! A $350 e-bike from Alibaba that comes with not just a suspension fork, not just full-suspension, but at least five more shocks than any bike should ever conceivably possess, seemingly randomly sprinkled around the bike’s frame.
Credit goes to my publisher, Seth, for finding this absolute gem. He and I play a little game where we send each other increasingly ridiculous Alibaba finds, trying to one-up the insanity of the other’s previous find. This one is definitely a contender.
Spotted on AliExpress’s platform, the site that makes it dangerously easy to procure the strangest (and sometimes coolest) things from the Far East, this is an e-bike that just keeps on giving.
First of all, check out the suspension. There’s a front suspension fork, which is theoretically standard. There’s also rear suspension, but instead of the single rear shock or occasional dual shocks (one on either side), the designers of this e-bike gave us quad shocks. Then, instead of leaving not-well-enough alone, they decided that a rear swingarm with quad shocks wasn’t enough, and then turned the entire rear half of the e-bike into another swingarm with two more shocks.
Advertisement – scroll for more content
At this point, I’m starting to get confused. Do we call the battery sprung or unsprung weight now?
This much suspension is like trying to drink from a firehose, but we’re not even finished. Because if that wasn’t enough springiness for you, there are two more springs in the saddle, technically bringing us up to 10 springs total! A guy hit a speed bump on this e-bike last week, and some say he’s still bouncing.
While I’d like to give them the benefit of the doubt, my experience with the cheapest of Alibaba e-bikes tells me that they likely didn’t modify the spring rate of the shocks when they just kept copy/pasting them. That means the bike probably rides stiffer than if it had half the number of shocks (or it just has the proper pre-load for a 600 lb rider).
Unfortunately, the rest of the bike is rather par for the course in terms of cheap direct-from-China electric bicycles. We’ve got our “500 Watt” motor, a surprisingly large 48V 15Ah battery, folding handlebars, a cute little rear kid’s seat complete with grab bar (a nice touch, to be honest), a full twist throttle, fenders, and even a complete lighting package with turn signals.
The 66-lb (30 kg) bike isn’t very light, but each of those shocks adds to the poundage, not to mention all the other doodads we’ve got bolted on around the bike.
The bike still folds in half, which is surprising considering most of the frame is taken up by springs. At first glance, I didn’t even see the folding mechanism hiding there.
It’s a wild specimen, and the free shipping to the US makes the $350 price even more tempting. But please don’t buy something like this (that lead image is AI-generated… I didn’t buy or ride this!). There are some real concerns here. Who knows what kind of quality control or safety certification went into that battery, let alone the frame and other key components?
Let’s just enjoy this one on the screen like most of my Alibaba finds and appreciate that someone out there said, “let’s see how many cheap shocks we can fit on a bike,” and nobody stopped them.
FTC: We use income earning auto affiliate links.More.
Can an EV really help power your home when the power goes out? It’s one of the biggest FAQs people have about electric cars — but the answer can be a bit confusing. It’s either a yes, with a but – or a no, with an unless. To find out which EVs can offer vehicle-to-home (V2H) tech to keep the lights on or even lower your energy bills, keep on reading.
Modern EVs have big, efficient batteries capable of storing enough energy to power home for days. That can mean backup power during a storm or the ability to use stored energy during expensive peak hours and recharge again when kilowatts are cheap.
That’s all true – but only in theory. Because, while your EV might have a big battery, that doesn’t mean it has the special hardware and software that allow electricity to safely flow back out of the car baked in. Car companies call this vehicle-to-home (V2H) or bi-directional charging, and only a handful of models currently support it. That’s that, “yes, with a but” asterisk.
Yes, an EV can power your home, but it has to be one of these.
Advertisement – scroll for more content
Ford F-150 Lightning
F-150 Lightning powers home; via Ford.
Ford made early headlines using its F-150 Lightning as a life-saving generator during winter ice storms and hurricanes, so it should come as no surprise that it’s included in this list. The best-selling electric truck in America can send up to 9.6 kW of power from its onboard batteries back to the house. More than enough to keep the lights on and the refrigerator running during an outage.
To make it work, you’ll need to install the Charge Station Pro (formerly called Intelligent Backup Power) home charger, the Home Integration System (HIS), which includes an inverter, a transfer switch, and a small battery to switch the system on, as well Ford’s Charge Station Pro 80A bi-directional charger (which comes free with the Extended Range F-150 Lightning, but costs about $1,300 otherwise).
All-in, you’re looking at about $5,000 in hardware, plus installation, to make it work.
When paired with the Quasar 2 bidirectional charger from Wallbox (and the associated Power Recovery Unit, or PRU), a fully-charged Kia EV9 can power a standard suburban home for three days. Longer, still, if you’re keeping the energy use low. The Wallbox Quasar 2 isn’t cheap, though – pricing starts at $6,440 (again, plus installation). For that price, you the PRU plus a wall-mounted 12 kW L2 charger with 12.8 kW of with discharge power on a split-phase system.
Pretty much all the GM EVs
Chevy Silverado, Equinox, and Blazer EVs at Tesla Supercharger; GM.
With the exception of the Chevy Brightdrop, GMC Hummer EV, and the hand-built, ultra-luxe Cadillac CELESTIQ, every Ultium-based GM EV can send battery power back to your home through GM Energy’s Ultium Home System – arguably the most fully integrated EV + battery backup + solar option out there outside of Tesla.
GM Energy says its new 19.2 kW Powershift Charger delivers around 6-7% more juice than a typical 11.5 kW L2 charger, delivering up to 51 miles of range per charge hour. Bi-directional charging requires the Powershift Charger to be paired up with a compatible GM EV and the GM Energy V2H Enablement Kit. The full system retails for $12,699, plus installation, and can be financed through GM Financial.
NOTE: some 2024 models might require a software update to enable V2H functionality, which can be done either at the dealer or through an OTA update.
That rounds off the list of vehicles that ship with V2H software baked in, so if you’re wondering whether or not your EV can be used to power your home, now you know the answer is yes, as long as it’s one of the ones listed above.
But you might remember that I answered the initial question by saying it was either a yes, with a but – or a no, with an unless. So if you want to use your car’s battery as a backup, but don’t have one of the EVs liksted above, that doesn’t mean you’re completely out of luck.
No, with an unless
Fred Lambert explains Sigenergy V2X system.
As some of the earliest and most enthusiastic EV adopters, Tesla fans have also been among the loudest advocates for using the energy stored their cars’ batteries to back up their homes — or even the grid itself. Unfortunately for them, the slow-selling Cybertruck is the only Tesla vehicle that officially supports bi-directional charging. If you’re one of the many Model 3 and Y owners frustrated by those delays, there’s good news: those vehicles are now capable of V2H charging thanks to an “impressive” Powerwall competitor, Sigenergy.
The good news doesn’t stop there, however. The Sigenergy V2X also works with both the popular Kia EV6 and Electrek‘s 2024 EV of the Year, the Volvo EX30 over the DIN70121 protocol, and several VW/Audi/Porsche and Mercedes-Benz EVs over the ISO15118-2 protocol.
Our own Editor-in-Chief, Fred Lambert, recently went on a Sigenergy deep dive with Sylvain Juteau, President of Roulez Electrique, and came away deeply impressed with the system. I’ve included the video, above, and you can read more about the system itself at this link.
And, of course, I look forward to learning about any V2H models or more universal battery backup systems from you, the smartest readers in the blogosphere, in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.