2,560 gigawatts, lidar listing in the U.S., black gold

2,560 gigawatts is China’s cumulative installed power generation capacity as of the end of 2022, according to the National Energy Administration, an increase of 7.8% year-on-year. (The U.S. has about 1,200 gigawatts.) China’s major power generation enterprises completed construction investment of 720.8 billion yuan ($106.47 billion) in 2022, an increase of 22.8% compared to 2021.

Lidar listing in the U.S.: On Tuesday, Hesai 禾赛科技, a company producing light detection and ranging (lidar) technology for autonomous driving, submitted a prospectus to the U.S. Securities and Exchange Commission (SEC), and plans to raise $100 million in an IPO.

Black gold: Earlier today, China National Offshore Oil Corporation (CNOOC) 中国海洋石油 released a profit forecast for 2022 of up to 143.60 billion yuan ($21.23 billion), an increase of 104% year-on-year, and PetroChina 中国石油 released a 2022 profit forecast of up to 155 billion yuan ($22.92 billion), an increase of 68% year-on-year.