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China launches world's largest all-electric river cargo ship

China

China

China

China launches world's largest all-electric river cargo ship

2025-10-24 17:28 Last Updated At:20:37

China launched the world's largest all-electric river cargo ship, also the first 10,000-deadweight-ton all-electric river vessel, on Thursday in Yichang, central China's Hubei Province, marking a key milestone in the country's green and intelligent shipping sector.

Named Gezhouba, the vessel, with a length of nearly 130 meters and a maximum load capacity of over 13,000 tons, is equipped with 12 lithium battery power units that provide a total power capacity of 24,000 kWh.

Its developer said this vessel allows for rapid battery swapping and boasts a range of 500 kilometers.

In terms of intelligence, the ship features an advanced smart control system that enables remote navigation and automatic berthing, seamlessly integrated with multi-link communication networks.

Chinese Academy of Engineering academician Yan Xinping said that this project transcends single-product innovation, successfully validating core technologies such as large-capacity batteries and distributed DC power systems. "We have successfully integrated critical components -- new-energy propulsion, smart control systems, and shore-side infrastructure, while validating advanced technologies, including high-capacity batteries, distributed DC power systems, remote piloting, multi-network integration, and ship-to-shore communications," Yan said.

The vessel is expected to save approximately 617 tons of fuel and reduce carbon dioxide emissions by 2,052 tons every year.

China launches world's largest all-electric river cargo ship

China launches world's largest all-electric river cargo ship

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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