GAC MOTOR's Latest Sportscar Model EMPOW55 Gets an Explosive Showing at the Guangzhou International Automobile Exhibition, Paving the Way For an
World Premier of KYMCO F9, DT X360 and KRV
Autotech Co Hong Kong Limited Completes Two-Year Autonomous Research Project
Senmiao Technology Announces Strategic Cooperation with Gaode Map for Utilization in Ride Sharing Initiatives
Autotech Co Hong Kong Limited completes two-year autonomous research project
Surge in Global Demand for Personal Mobility Brings New Momentum to Two-wheeler Industry, Says Frost & Sullivan
Quantum Gate to Begin Efforts for Global Debut through Successful Entering of Public Market
XCMG launches X-GSS at Bauma China 2020, shows how to go digital in machinery manufacturing
Porsche Korea Opened the First ‘Porsche Dream Circle’ at Pangyo Elementary School
Volvo Financial Services Realigns Asia Pacific Organization to Better Serve Customers
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Enterprise Holdings Pledges $120 Million to Advance Social and Racial Equity and Expand the Fight Against Hunger
Enterprise Holdings Foundation Launches New "ROAD Forward" Initiative While Expanding Existing "Fill Your Tank" CommitmentSupport for My Brother's Keeper Alliance, UNCF, Girls Inc. and Parents as Teachers to Drive Social and Racial Equity in Local Communities ST. LOUIS, Nov. 23, 2020 /PRNewswire/ -- Enterprise Holdings, through the Enterprise Holdings Foundation, is elevating its focus on diversity, equity and inclusion with a new five-year, $55 million commitment to organizations that advance social and racial equity in communities around the world. The company's new initiative, Enterprise Holdings ROAD Forward, will increase Respect, Opportunity, Achievement and Diversity (ROAD) for youth and families by addressing three social and racial equity gaps in need of urgent attention: early childhood development, youth health and wellness, and career and college preparation. The Enterprise Holdings Foundation pledges $120 million to advance social and racial equity and expand the fight against hunger. "Diversity, inclusion and strengthening the communities where we operate have been part of our guiding principles for more than 60 years," said Enterprise Holdings Foundation President Carolyn Kindle Betz. "The Enterprise Holdings ROAD Forward initiative will open new doors for individuals in our communities who are disproportionately affected by lack of access to resources in the areas of education, health and wellness." In conjunction with the Enterprise Holdings ROAD Forward initiative, the Foundation is pledging an additional $65 million into Enterprise Fill Your Tank, a program launched in 2016 that has contributed more than $50 million to address food insecurity in local communities – an issue that often disproportionally affects people of color. The company is pledging the funds to extend the program for five more years. The funds will continue to be distributed annually among Feeding America, Food Banks Canada and The Global FoodBanking Network, in addition to other local food banks and pantries in the communities served by Enterprise. "Hunger is one more obstacle to success for too many young people of color, and we felt expanding our existing Fill Your Tank commitment was a natural complement to the ROAD Forward initiative." Betz added. "Our decision to extend Fill Your Tank and launch ROAD Forward was also inspired by our employees, who often ask the Foundation to support causes they are passionate about." Paving the ROAD Forward As part of the Enterprise Holdings ROAD Forward initiative's commitment to young people of color in underserved communities, the company will work with four nationally renowned nonprofit organizations – The Obama Foundation's My Brother's Keeper Alliance, UNCF, Girls Inc. and Parents as Teachers. Through these four distinct partnerships, the initiative will bring meaningful impact to local youth and families in the following ways: Early childhood development: Support for Parents as Teachers will enable the organization to broaden the reach and effectiveness of its proven early childhood education programs to better connect with the needs of Black, Brown and Native American children. Key objectives of the partnership include refining its curriculum for diverse audiences, creating professional development sessions, subsidizing cultural adaptations of existing programs, translating program materials into Somali, Spanish and other languages, and underwriting new data equity research. Youth health and wellness: Support for My Brother's Keeper (MBK) Alliance will advance their mission to build safe and supportive communities for boys and young men of color where they are valued and have clear pathways to opportunity. Key objectives include supporting the 19 MBK Impact and Seed Communities in documenting and broadly disseminating best practices, lessons learned, and stories of inspiration and hope from youth and community leaders; and launching the MBK Framework to Affect Systems Change, which will help the hundreds of MBK Communities better define, document and increase their impact. Youth health and wellness: Support for Girls Inc. will continue their mission to help all girls grow up "strong, smart, and bold" by funding work to assess and refine the organization's proven Social and Emotional Learning frameworks that address racial injustice and inequities. Then, putting the updated framework into action with education, training and mentorship facilitated through affiliate programs. Career and college preparation: Through UNCF, Enterprise will support more than 70 scholarships for first-generation Black college students to cover critical, but often unmet needs that can create barriers to college completion or successful career transitions. Scholarships will support non-tuition-related student needs such as emergency expenses, stipends to support extracurricular professional development and educational loan repayment. "We are grateful for Enterprise acting with intention to address the systemic barriers that deny dreams for far too many of our kids," said Michael D. Smith, Executive Director, My Brother's Keeper Alliance. "Enterprise's support will help accelerate impact in MBK Communities to reduce youth violence, grow effective mentorship programs, and measurably improve the lives of boys and young men of color." "We are honored and obliged to serve as Enterprise's early childhood development partner on this important ROAD forward," said Constance Gully, President and CEO, Parents as Teachers. "Working with parents directly during the most vulnerable stages of their child's early development has a direct effect on reducing the educational disparities that can later result in income and health gaps. This generous investment in the work of Parents as Teachers will provide vital resources to reach and more effectively meet the needs of the thousands of Black, Brown, and Native American families we partner with across all 50 states." "Providing girls with social and emotional support is critical to their well-being and ensures they can lead healthy and fulfilling lives. During these unprecedented times the need is even greater, especially for girls of color and those from underserved communities," said Dr. Stephanie J. Hull, President and CEO, Girls Inc. "We are grateful to Enterprise for their partnership and investment in the work Girls Inc. is doing to further strengthen our capacity to provide girls with the experiences and mentorship that enable them to thrive." "Support from the Enterprise ROAD Forward initiative is critically important for the talented and deserving students we serve," said Dr. Michael L. Lomax, President and CEO, UNCF. "This new scholarship program helps us continue to empower more students of color to get to and through college. That is especially important now as we all face rising racial injustice and a health pandemic that's affecting our communities quite severely. Thank you, Enterprise, and we look forward to working with your team to build better futures for many others." In addition, the Enterprise Holdings ROAD Forward initiative will allocate funds to its 70+ global operating teams over the next five years, empowering employees to take the lead in identifying pressing issues related to the program's three focus areas in their communities and supporting local organizations that are best equipped to address them. "These actions are the next steps in what will be a continuous journey to elevate our focus on equality and diversity – and to continue breathing inclusivity in everything we do," said Enterprise Holdings President and Chief Executive Officer Chrissy Taylor. "It mirrors our internal efforts to advance social and racial equity within our very own walls – from our mentorship programs, to introducing new training and development and diversity councils, to forums that drive honest dialogue on these critical issues." The founder of Enterprise, Jack Taylor, established the company in 1957 with a fleet of seven cars. Today, Enterprise operates in more than 100 countries and territories and is the largest car rental company in the world, based on revenue, fleet size and number of locations. Jack Taylor started the Foundation in 1982 to give back to the communities that drove Enterprise's growth and success. Since then, the Foundation and the Taylor family have contributed more than $1.4 billion to thousands of local nonprofits, with a special focus on community improvement, education and environmental stewardship. Meanwhile, each year Enterprise employees contribute their time and skills to thousands of national and local organizations in the cities and neighborhoods they serve. For more information about Enterprise Holdings' philanthropic initiatives, visit https://www.enterpriseholdings.com/en/corporate-social-responsibility/philanthropic-initiatives.html. About Enterprise HoldingsEnterprise Holdings, Inc. is a leading provider of mobility solutions, owning and operating the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands through its integrated global network of independent regional subsidiaries. Enterprise Holdings and its affiliates offers extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services to make travel easier and more convenient for customers. Privately held by the Taylor family of St. Louis, Mo., Enterprise Holdings manages a diverse fleet of nearly 1.7 million vehicles through a network of more than 9,500 fully staffed neighborhood and airport rental locations in nearly 100 countries and territories. For more information about Enterprise Holdings Inc., visit www.enterpriseholdings.com. Enterprise Holdings ROAD Forward will address three social and racial equity gaps in need of urgent attention: early childhood development, youth health and wellness, and career and college preparation. Photo - https://mma.prnasia.com/media2/1340064/ehi_road_forward_02_infographic.jpg?p=medium600 Photo - https://mma.prnasia.com/media2/1340063/ehi_road_forward_infographic.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/557711/Enterprise_Holdings_Corporate_Brands_Logo.jpg?p=medium600
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Autohome Inc. to Announce Third Quarter 2020 Financial Results on November 30, 2020
BEIJING, Nov. 23, 2020 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM) ("Autohome" or the "Company"), a leading online destination for automobile consumers in China, today announced that it will report its financial results for the third quarter ended September 30, 2020, before U.S. markets open on November 30, 2020. Autohome's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Monday, November 30, 2020 (8:00 PM Beijing Time on the same day). Dial-in details for the earnings conference call are as follows: United States: +1-855-824-5644 Hong Kong, China : +852-3027-6500 Mainland China: 8009-880-563 / 400-821-0637 United Kingdom: 0800-026-1542 International: +1-646-722-4977 Passcode: 48337130# Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call. A replay of the conference call may be accessed by phone at the following numbers until December 6, 2020: United States: +1-646-982-0473 International: +61-2-8325-2405 Passcode: 319338479# Additionally, a live and archived webcast of the conference call will be available at http://ir.autohome.com.cn. About Autohome Inc. Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. Autohome provides original generated content, professionally generated content, user-generated content, AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn. For investor and media inquiries, please contact: In China: Autohome Inc.Investor RelationsAnita ChenTel: +86-10-5985-7483E-mail: ir@autohome.com.cn The Piacente Group, Inc.Jenny CaiTel: +86-10-6508-0677E-mail: autohome@tpg-ir.com In the United States: The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050E-mail: autohome@tpg-ir.com Related Links :http://ir.autohome.com.cn
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Hyundai Motor Company and INEOS to Cooperate on Driving Hydrogen Economy Forward
Hyundai Motor Company and INEOS today announced the signing of a memorandum of understanding to explore new opportunities to accelerate the global hydrogen economy. Hyundai and INEOS will jointly investigate opportunities for the production and supply of hydrogen as well as the worldwide deployment of hydrogen applications and technologies. Both companies will initially seek to facilitate public and private sector projects focused on the development of a hydrogen value chain in Europe. The agreement also includes the evaluation of Hyundai’s proprietary fuel cell system for the recently announced INEOS Grenadier 4x4 vehicle. This cooperation represents an important step in INEOS’ efforts to diversify its powertrain options at an early stage. Hyundai’s proprietary modular fuel cell system, which evaluation vehicles will use, has already proven reliable and effective in the Hyundai NEXO SUV. The world’s first dedicated hydrogen-powered SUV has the longest driving range among hydrogen-powered vehicles in the market. Hyundai is one of leading company in the field of fuel cell technology having started the world’s first mass production of fuel cell electric vehicles in 2013. “INEOS’ move into the development of a fuel cell electric vehicle and hydrogen ecosystem marks yet another milestone towards sustainable and clean transportation,” said Saehoon Kim, Senior Vice President and Head of Fuel Cell Center at Hyundai Motor Company. “Hyundai believes this will provide an important low-carbon option across a wide range of sectors. We also hope our decades-long expertise in hydrogen fuel cell work in synergy with INEOS’ expertise in field of chemistry to realize the mass production of green hydrogen and fuel cells for the Grenadier.” Peter Williams Technology Director INEOS, said, “The agreement between INEOS and Hyundai presents both companies with new opportunities to extend a leading role in the clean hydrogen economy. Evaluating new production processes, technology and applications, combined with our existing capabilities puts us in a unique position to meet emerging demand for affordable, low-carbon energy sources and the needs of demanding 4x4 owners in the future.” INEOS recently launched a new business to develop and build clean hydrogen capacity across Europe in support of the drive towards a zero-carbon future. The company currently produces 300,000 tons of hydrogen a year mainly as a by-product from its chemical manufacturing operations. Through its subsidiary INOVYN, INEOS is Europe’s largest existing operator of electrolysis, the critical technology that uses renewable energy to produce hydrogen for power generation, transportation and industrial use. Its experience in storage and handling of hydrogen combined with its established know-how in electrolysis technology, puts INEOS in a unique position to drive progress towards a carbon-free future based on hydrogen. In 2018, Hyundai Motor Group announced its mid- to long-term roadmap, Fuel Cell Vision 2030, to increase annual production of hydrogen fuel cell systems to 700,000 units by 2030.
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XCMG to Take Part in bauma China 2020 with the Largest Outdoor Exhibition
SHANGHAI, Nov. 20, 2020 /PRNewswire/ -- XCMG (000425.SZ) is set to join the 2020 bauma China with a full exhibition lineup of 120 construction equipment products, 65 sets of parts and components as well as demonstrations of the company's latest technologies. XCMG to Take Part in bauma China 2020 with the Largest Outdoor Exhibition The international trade fair for construction machinery, building material machines, mining machines and construction vehicles will be hosted from November 24 to 27 in Shanghai New International Expo Centre (SNIEC). XCMG will be at booth A.24-B.32 for outdoor exhibition and W3.100-W3.811 for indoor exhibition with a total exhibition area of 8,878 square meters (95,562 square feet). XCMG will also be livestreaming in English, Russian, Arabia, French and Chinese throughout http://live.global-ce.com/baumachina2020xcmg/. As a leading Chinese construction machinery manufacturer and among the top five enterprises in the global market, XCMG will introduce its new brand slogan of "Dream Up, Build Better" at the event. The largest outdoor exhibitor will take center stage with the world's largest-scale integrated construction solution covering major sectors of hoisting, port, earthwork, mining, road and piling machineries; application of information technologies; as well as the unveiling of mining and emergency rescue product sets; and the release of new cranes, excavators and loaders for the overseas market. "This exhibition will be showcasing the best and strongest of XCMG. To take lead in the ever-competitive market, XCMG must be consistent and persistent in quality and innovation; and remain at the forefront of technological development," said Wang Min, Chairman of XCMG. XCMG will highlight a series of new intelligent products and technologies, including the unmanned excavator, XE335DK; intelligent excavator with voice recognition, XE215G; the world's first all-terrain crane with remote intelligent control, XCA260; and more. Following the market trends of new energy, XCMG will exhibit electric loaders XC918EV and XC958EV, and the world's first hybrid truck crane, XCT25EV, among other clean power products. Highlights of XCMG's presentation on opening day include: the official launch of X-GSS, XCMG's global digital spare parts service information system; the release of the 5G intelligent cabin by XCMG Road Machinery; the official release of the super-tonnage loader XC9350; delivery ceremony of 10 XCA1600 all-terrain cranes; large-scale joint construction demonstration. For more information, please visit: www.xcmg.com, or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram. Related Links :http://www.xcmg.com
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Weidai Ltd. to Hold Annual General Meeting on December 15, 2020
HANGZHOU, China, Nov. 20, 2020 /PRNewswire/ – Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it will hold its annual general meeting of shareholders at No. 9 Baiyun Road, Shangcheng District, Hangzhou, Zhejiang Province, the People's Republic of China on December 15, 2020 at 11:00 a.m. (local time). No proposals will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders to discuss the Company's affairs with management. The Board of Directors of the Company has fixed the close of business on November 20, 2020 as the record date for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof. Holders of record of the Company's ordinary shares at the close of business on the record date will be entitled to attend the annual general meeting and any adjournment or postponement thereof in person. The notice of the annual general meeting is available on the Company's website at http://weidai.investorroom.com/. The Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2019, with the U.S. Securities and Exchange Commission (the "SEC") on June 4, 2020, U.S. Eastern Time. The annual report can be accessed on the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request. About Weidai Ltd. Weidai Ltd. is a pioneer and leading auto-backed financing solution provider in China supported by sophisticated and effective risk management system and technology. The Company transforms used automobiles, a type of "non-standard" collateral, into investable assets, to provide accessible credit for China's small and micro enterprises, and connects the borrowers with institutional funding partners through its platform. For more information, please visit http://weidai.investorroom.com/. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Weidai may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Weidai's beliefs and expectations, are forward-looking statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited the following: Weidai's goal and strategies; Weidai's expansion plans; Weidai's future business development, financial condition and results of operations; Weidai's expectations regarding demand for, and market acceptance of, its solutions and services; Weidai's expectations regarding keeping and strengthening its relationships with borrowers, investors and financial institutions and other platform participants; general economic and business conditions; Weidai's assumptions underlying or related to any of the foregoing regulations and governmental policies relating to the online consumer finance industry in China; and Weidai's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Weidai does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For investor and media inquiries, please contact: In China: Christensen Mr. Rene VanguestaineTel: +86-10-5900-1548E-mail: rvanguestaine@christensenir.com In US: Christensen Ms. Linda Bergkamp Tel: +1-480-614-3004E-mail: lbergkamp@christensenir.com Related Links :http://www.weidai.com.cn
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AUTOCRYPT Named Automotive Cybersecurity Company of the Year in 2020 AutoTech Breakthrough Awards
Industry Awards Program Honors Innovative Global Companies in the Automotive and Transportation SectorsSEOUL, South Korea, Nov. 20, 2020 /PRNewswire/ -- AUTOCRYPT, a global leader in autonomous vehicle security solutions, announced today that the company has been named "Automotive Cybersecurity Company of the Year" in the inaugural AutoTech Breakthrough Awards program conducted by the Tech Breakthrough organization, a leading market intelligence and recognition platform for the most innovative technology companies in the world. The awards aim to recognize breakthrough technology companies, services, and products in the global automotive and transportation industry, one that is quickly growing amidst the developments of autonomous driving and 5G. "AUTOCRYPT has committed to securing the future of autonomous driving and smart mobility. Our expertise in V2X security technology has allowed us to secure over 5000 kilometers of smart roads, gaining recognition from the automotive industry. It is, therefore, with great pleasure we accept this award from Tech Breakthrough in this inaugural program," said Daniel ES Kim, CEO of AUTOCRYPT. "As technology develops, the risks involved increase and security should be nonnegotiable. We hope that as Automotive Cybersecurity Company of the Year we can continue to innovate and encourage the automotive industry in putting security first." This year's inaugural program attracted more than 1,250 nominations from over 12 different countries throughout the world. "AUTOCRYPT is trusted by many of the major automotive and technology players in the global autonomous vehicle industry, helping drive the world towards a safe and secure future of autonomous mobility," said Bryan Vaughn, Managing Director, AutoTech Breakthrough Awards. "We are proud to award AUTOCRYPT with one of our marquee awards in the AutoTech Breakthrough Awards program, the Automotive Cybersecurity Company of the Year designation, honoring the Company's focus on innovation and the delivery of comprehensive solutions to protect the safety of drivers and pedestrians." Working with government and public institutions, the company has secured all smart roads in South Korea and is currently expanding business into China with its C-SCMS compliant technology. Offering decades of experience along with the most C-ITS security infrastructure in the world, AUTOCRYPT provides customizable solutions that leave no part of the autonomous vehicle ecosystem behind. AUTOCRYPT is the leading player in transportation security technologies. Beginning in 2007 as an in-house venture at Penta Security Systems Inc., AUTOCRYPT spun off as a separate entity in 2019 as its presence expanded worldwide. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019, AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered, holistic approach. Through security solutions for V2X/C-V2X, V2G (including PnC security), in-vehicle security, and Fleet Management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road. AutoTech Breakthrough, part of Tech Breakthrough, is a leading market intelligence and recognition platform for global technology innovation and leadership, honoring excellence in automotive technologies, services, companies and products. The AutoTech Breakthrough Awards program provides a forum for public recognition around the achievements of AutoTech companies and solutions in categories including Connected Car, Electric Vehicles, Engine Tech, Automotive CyberSecurity, Sensor Technology, Traffic Tech, Vehicle Telematics and more. For more information visit AutoTechBreakthrough.com
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Autonomous a2z raises US$1.9M in seed round for autonomous driving solution
SEOUL, South Korea, Nov. 19, 2020 /PRNewswire/ -- Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, has recently received a seed investment of US$1.9M from angel investments by individuals and partner corporations. Autonomous a2z is a company specializing in autonomous mobility solutions. Subsequently, Autonomous a2z announced that it has begun commercializing an ongoing project. It also stated that the infusion of capital is already serving as a stepping stone for future development of autonomous mobility solutions and for assuming a leading position in relevant markets.   Autonomous a2z’s team members Founded in 2018, Autonomous a2z has advanced its cutting-edge technologies to test self-driving car technologies throughout Korea. As implied by the name of the company, the firm develops "everything from a to z" in the arena of self-driving cars, including its own systems and algorithms. Autonomous a2z was founded by four engineers from Kyungil University's Autonomous-Driving Vehicle Technology Lab; with the majority of the company's R&D personnel having accumulated experience at major vehicle companies such as HMG (Hyundai Motor Group). Through extensive research and development, a2z solution can now provide services ranging from recognition of surrounding conditions, determination of driving conditions strategies to automatic vehicle control. It can be used across a variety of vehicle platforms and regions. Autonomous a2z's core technology is the precise and quick localization algorithm by combining 'lighter high definition (HD) map' and 'recognition results from simultaneous signal processing from multiple LiDAR'. It is possible to provide optimized driving solution. Autonomous a2z's goal is to apply its solutions to all human-driven vehicles. The company's short-term goal is to develop and commercialize special vehicles such as cleaning trucks, container trucks, and tractors, as well as self-driving cars for general consumers (small buses, robot taxis, etc.) as the mid/long-term goal. By the end of the year, the company will sell four small buses to Ulsan Metropolitan City; in addition, discussions are underway for supplying a public mobility solution to Sejong City after Dec. 2020. Autonomous a2z is currently working on multiple projects with major Korean telecommunication service providers and platform companies, one of which is a technology partnership for a smart city project. In particular, through its technological and business expertise, the company is working to expand into automated/unmanned devices. Han Ji-hyung, CEO of Autonomous a2z, "Thanks to seed investment, we have created a stable environment for commercializing our technologies. Through the support of our investors, who have agreed to partner with us based on their faith in our technologies and our independently-developed autonomous mobility solutions, we can dedicate even more energy to commercializing a solution for SPVs such as cleaning and patrol vehicles." With the vision of making people's lives more valuable, Autonomous a2z developed an unmanned test kit that automates vehicle driving tests and AVDK (Autonomous Vehicle Software Development Kit), which helps the development of autonomous driving algorithms in research institutes and schools in Korea. AVDK and unmanned test kit are expected to be released in 2021. The recently released LiDAR SDK is one of the AVDK lineup. It is a software that develops LiDAR algorithms through the usage and monitoring of LiDAR data. LiDAR SDK is compatible with Velodyne's LiDAR VLP16 and can be linked simultaneously with up to four sensors. Autonomous a2z's LiDAR SDK is available in USB format and includes complete documentation and remote support services. LiDAR SDK is sold by Lumisol, Velodyne's Korea distributor. Autonomous a2z plans to expand its lineup so that AVDK can support the development of LiDAR, cameras, and the entire sensor fusion algorithm. To hear about Autonomous a2z 's technology, participate the online seminar "Mobility Startup Pitching Event@Born2Global Centre" held for global business exchange from 2:00 pm KST on November 27th. For more detailed information on Autonomous a2z, visit http://www.autoa2z.co.kr/?theme=en. Media Contact Autonomous a2z: selena@autoa2z.co.kr Born2Global Centre: jlee@born2global.com
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US Electric Vehicles Market Set to Register Nearly Five-fold Growth by 2025, Says Frost & Sullivan
Incentives and subsidies to drive EV ownership in the country and create new growth opportunities SANTA CLARA, Calif., Nov. 19, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, Transitory Trends in the Electric Vehicle Ecosystem in the United States, 2025, finds that the electric vehicle (EV) market in the United States is expected to flourish with government incentives driving EV ownership. The study also examines various trends in EV sales since 2010, factors contributing to growth, the current charging infrastructure, the road ahead, and much more. The xEV market in the US is estimated to register a nearly five-fold growth, reaching almost 7 million unit sales by 2025 from 1.4 million unit sales in 2020. Electric_Car For further information on this analysis, please visit: http://frost.ly/4ua "Over 90% of states offer incentives for setting up EV charging infrastructure," said Prajyot Sathe, Industry Manager, Mobility Practice at Frost & Sullivan. "Only a few states offer the usage of high-occupancy vehicle lanes. However, meaningful quality of life incentives and exemptions are offered across 39 states in the United States, including easier payment plans for the purchase of EVs, limited-time incentives to accelerate EV adoption/conversion and lack of requirements for emission inspections across several states." Sathe added: "Mild hybrid electric vehicles (MHEVs) and full hybrid electric vehicles (FHEVs) will account for the maximum market share of 89.6% combined in the xEV market by 2025, with an almost equal split between them. Additionally, battery electric vehicles (BEVs) will witness impressive sales, followed by plug-in hybrid electric vehicles (PHEV) sales over the forecast period." Market participants should focus on the following trends for success: Battery-operated Electric Vehicles (BEVs): EV ownership incentives such as being exempt from state motor vehicle emissions inspections in Massachusetts and Colorado are among the primary reasons BEVs are expected to witness increased demand by 2025. Plug-in Hybrid Electric Vehicles (PHEVs): Although PHEV sales are expected to almost double by 2025, they will be the slowest-growing EV segment. This is unlikely to change unless better incentives are offered. Mild Hybrid Electric Vehicles (MHEVs): Since their launch in 2018, MHEVs have gained popularity in the US market, primarily due to their 48V architecture. OEMs should launch models on the 48V MHEV platform to gain significant market share in a competitive market. Fully Hybrid Electric Vehicles (FHEVs): FHEVs are expected to remain the most popular HEV model. They accounted for 41.7% of all EV sales in 2020 and are expected to climb to 44.6% by 2025, boosted by changes in the charging infrastructure and state incentives. Transitory Trends in the Electric Vehicle Ecosystem in the United States, 2025 is the latest addition to Frost & Sullivan's Automotive & Transportation research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion Transitory Trends in the Electric Vehicle Ecosystem in the United States, 2025K39B-18 Media Contact:Srihari Daivanayagam, Corporate CommunicationsM: +91 9742676194; P: +91 44 6681 4412E: srihari.daivanayagam@frost.com http://ww2.frost.com Photo - https://mma.prnasia.com/media2/1338895/electric_car.jpg?p=medium600Related Links :http://www.frost.com
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Airbiquity Joins Automotive Industry Consortium AUTOSAR as Development Partner
Airbiquity will ensure OTAmatic product compliance with AUTOSAR specifications and contribute to AUTOSAR software requirements and platform development SEATTLE, Nov. 19, 2020 /PRNewswire/ -- Airbiquity®, a global leader in connected vehicle services, today announced it has joined AUTOSAR, a worldwide development partnership of car manufacturers, suppliers, and other companies, as a development partner. With more than 280 partners around the world, AUTOSAR aims to standardize the software architecture of vehicle electronic control units (ECUs) to improve the overall efficiency of automotive system software development and integration. Airbiquity will enhance compatibility of its OTAmatic® over-the-air (OTA) software and data management offering with AUTOSAR based devices and systems. As an AUTOSAR development partner, Airbiquity will also be a member of the Update and Configuration Management working group and will contribute to future standard releases, including software development for the Adaptive Platform Demonstrator. "AUTOSAR is an important initiative in the automotive industry that benefits both automakers and suppliers," said John Tuttle, Vice President of Engineering at Airbiquity. "As such, ensuring OTAmatic works seamlessly with AUTOSAR is a top priority for our company. We also look forward to contributing our expertise and effort to the group and working with other member companies to speed and refine the standardization of ECU software architectures for future production vehicles." To learn more about Airbiquity visit www.airbiquity.com. About AirbiquityAirbiquity® is a pioneer in automotive telematics software technology and cloud-based connected vehicle service delivery. Always at the forefront of automotive innovation, Airbiquity concepts, engineers, and deploys the industry's most advanced connected vehicle solutions. Working with Airbiquity, automakers and automotive suppliers have realized highly scalable, manageable, and secure connected vehicle programs meeting the needs of their customers in over 60 countries around the world. Airbiquity's latest offering is OTAmatic® for multi-ECU over-the-air (OTA) software and data management featuring vehicle and cloud-based software components and the Uptane security framework for comprehensive cybersecurity protection. Learn more about Airbiquity and OTAmatic at www.airbiquity.com or join the conversation @Airbiquity. About AUTOSARAUTOSAR (AUTomotive Open System ARchitecture) is a worldwide development partnership of car manufacturers, suppliers and other companies from the electronics, semiconductor and software industries. Since 2003, they have been working on the development and introduction of an open, standardized software architecture for the automotive industry. By simplifying replacement and the update options for software and hardware, the AUTOSAR approach forms the basis for reliably controlling the growing complexity of electrical and electronic systems in motor vehicles. In addition, AUTOSAR improves cost efficiency without compromising quality. The "core partners" of AUTOSAR are the BMW Group, Bosch, Continental, Daimler AG, Ford, General Motors, PSA Group, Toyota and the Volkswagen Group. In addition to these companies, more than 200 partners play an important role in the success of the partnership. Companies, which join the AUTOSAR Development Partnership, can use the specifications free of charge. Media ContactZach Pickettairbiquity@barokas.com Logo - https://mma.prnasia.com/media2/177305/airbiquity_logo.jpg?p=medium600 Related Links :http://www.airbiquity.com
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Diamond Electric Develops "3 in 1" 6.6 kW Onboard Charger
- Integration of Multiple Systems Seen Contributing to Spread of EVs -OSAKA, Japan, Nov. 19, 2020 /PRNewswire/ -- Diamond Electric Mfg. Co., Ltd. announced on November 19 that it has developed a "3 in 1" onboard charger (OBC) which integrates into one package the following three functions: a 6.6 kW charger, a 2.1 kW low-voltage DCDC converter (LDC) for auxiliaries, and a power delivery unit (PDU) to switch into fast charging. This feature enables system-level downsizing, reducing the weight of electric vehicles (EVs and PHEVs) and expected to contribute to the spread of EVs. Logo: https://kyodonewsprwire.jp/prwfile/release/M104699/202011167172/_prw_PI2fl_4m2AvII1.jpg As a countermeasure for global warming, EVs and PHEVs are spreading worldwide as CO2 reduction becomes more significant. EVs and PHEVs adopt more electronics components such as OBCs, and demand for downsizing and weight reduction of those components is growing. In response, Diamond Electric has developed a "3 in 1" 6.6 kW OBC. The company's transformer design and thermal management enabled the 30% downsizing of the product compared to the existing products (*1) (*2). Furthermore, the "3 in 1" feature of the OBC, LDC and PDU integration into one package can substantially reduce the size and weight in the vehicle system and reduce the number of electronics components in EVs. Notes: (*1) As of October 2020, investigated by Diamond Electric(*2) Calculated by the enclosure size excluding connectors Expected applicationsOnboard Charger for EVs and PHEVs Photo:https://kyodonewsprwire.jp/prwfile/release/M104699/202011167172/_prw_PI1fl_8bE0242Y.jpg Product specifications:https://kyodonewsprwire.jp/prwfile/release/M104699/202011167172/_prw_PA1fl_IT4f8V5d.pdf About Diamond Electric Mfg. Co., Ltd. Diamond Electric is one of the core members of Diamond Electric Holdings Co., Ltd., listed on the Tokyo Stock Exchange (6699). It is a leading manufacturer of ignition coils for automobiles, operating for 80 years. Tabuchi Electric, also a core member of Diamond Electric Holdings, is a leading manufacturer of solar and hybrid inverters, and, together with Diamond Electric, develops products to realize its new vision, "Connect Automotive and Home with 'Monozukuri'/ Manufacturing."
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Mando Awarded the Brand Pillar in 'Autonomous Technologies' of Ford
Mando has won major awards at 2020 Ford Annual World Excellence Awards for two consecutive yearsSEOUL, South Korea, Nov. 18, 2020 /PRNewswire/ -- On October 30 (US local time), Mando Corporation, a global auto parts manufacturer, won the Brand Pillar Award in Autonomous Technologies of Ford. Mando CI 'Brand Pillars' is the brand value pursued by 'Ford'. Every year, Ford awards the corresponding award with the Brand Pillar as a major award name in 'WEA (Annual World Excellence Awards)'. This year's Brand Pillar Awards had four categories [# Winning Portfolios, # Autonomous Technologies, # Propulsion Choices, and # Connected Services], and were awarded to excellent companies in each category. Of those, Mando won the Brand Pillar Award in the category of 'Autonomous Technologies'. Last year, Mando won the Brand Pillar Award in the category of 'Safe'. Winning the award for two consecutive years is the highest honor for Mando. Ford recognized STO (Steering Torque Overlay) of Mando. STO is part of vehicle driving (steering) system and is mounted on heavy duty trucks. STO is currently produced in Mando America (MCA, Georgia) and supplied locally to Ford. This year's (22nd year) 'WEA' was held online (virtual) due to COVID-19. Seong Hyeon(Steve) Cho, Executive Vice President (Head of Steering BU) of Mando, who attended the awards in ceremony stated, "It is certainly an honor to be presented with the World Excellence Award two years in a row" and "As a strategic partner with Ford, we will do our best efforts to provide the solution for steering system and electrification technology of brake system as well."
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Senmiao Technology Announces Launch of Proprietary Ride-Sharing Platform
CHENGDU, China, Nov. 18, 2020 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that it has recently launched Xixingtianxia, its own proprietary online ride-sharing platform, to drivers and riders in Chengdu, China, one of its core cities with a population of approximately 16 million. Through its automobile transaction and related services business, Senmiao has created partnerships with leading ride-hailing services in China. As part of its goal to provide an all-encompassing solution for ride-sharing drivers, Senmiao is now operating its own online ride-sharing platform as a means of connecting drivers and riders in Chengdu. Senmiao believes that the availability of more online platforms to drivers and riders can help grow its financing and car leasing businesses. Senmiao began to roll-out Xixingtianxia in specific markets within Chengdu in late October 2020, specifically to current driver customers. Senmiao expects to generate revenue from Xixingtianxia by earning fees and commission on a per ride basis, and has created what it hopes will be a stable growth plan for Xixingtianxia focused on ensuring that its technology performs as expected. In the past several weeks, Senmiao has expanded marketing of Xixingtianxia to a larger pool of potential drivers and riders in Chengdu. While Senmiao intends to focus Xixingtianxia on drivers that currently finance or lease vehicles through Senmiao, Xixingtianxia is also available to others. Senmiao intends to launch the platform in Changsha, China in the coming weeks. Xi Wen, Senmiao's Chairman and Chief Executive Officer stated, "Senmiao's goal has been to provide ride-sharing drivers with a complete solution, which is now expanding from financing and leasing options to a proprietary ride-hailing service platform. We have partnered with, and will continue to partner with, companies that can help us build a robust platform for our target drivers and their customers. Our value proposition is centered on offering safe, energy-efficient and cost-efficient vehicles for drivers to begin or continue a career in the online ride-hailing industry, along with services that ensure the safety of both the drivers and general public. As demand for public transportation continues to rebound following the initial onset of the COVID-19 pandemic in China, we feel that we are well-positioned to take advantage of the booming online ride-hailing market in our areas of operation." About Senmiao Technology Limited Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services as well as its own ride-hailing platform aimed principally at the growing ride-sharing market in Senmiao's areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao's ride-sharing platform as described herein) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao's filings with the SEC, and represent Senmiao's views only as of the date they are made and should not be relied upon as representing Senmiao's views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. For more information, please contact: At the Company:Yiye ZhouEmail: edom333@ihongsen.comPhone: +86 28 6155 4399 Investor Relations: The Equity Group Inc. In ChinaAdam Prior, Senior Vice President Lucy Ma, Associate(212) 836-9606 +86 10 5661 7012aprior@equityny.com lma@equityny.com © 2020 Senmiao Technology Ltd. All rights reserved. Related Links :http://www.ihongsen.com
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Nine of the Top Global Car Manufacturers Turbocharge CX with Bright Pattern
Leading car manufacturers in North America, Europe, Asia, and Latin America have deployed Bright Pattern's cloud omnichannel contact center software to power and improve customer service, sales, and marketing SOUTH SAN FRANCISCO, Calif., Nov. 18, 2020 /PRNewswire/ -- Bright Pattern, a leading provider of AI-powered cloud contact center software, has been deployed by nine multinational car manufacturers, including the largest and second largest car manufacturers worldwide, the largest seller of luxury vehicles, and the global market leader in hybrid vehicles. Bright Pattern contact center software has been chosen by automobile manufacturers because of its ease of use, enterprise functionality, scalability, reliability, variety of traditional and digital channels, plug-and-play integrations, and AI-powered functionality for easy deployment and management of virtual or remote agents. Two auto companies selected Bright Pattern in the last quarter, bringing the total of global auto companies now using Bright Pattern up to nine. Bright Pattern was first selected by a global luxury auto manufacturer but is now being used by brands covering much of the automotive market. "Bright Pattern powers customer service, sales, and marketing functions for several of the leading automobile brands," said Michael McCloskey, CEO of Bright Pattern. "Whether these brands are supporting luxury buyers or more cost-conscious buyers, all customers expect the best when it comes to basic customer support or concierge services. Bright Pattern provides innovative, personalized, omnichannel communications these companies need with the easiest to use and highest ROI cloud contact center platform." Companies of all sizes select Bright Pattern to support their customer care organizations because of its simplified – yet robust – omnichannel platform, offering traditional channels; emerging channels like Facebook Messenger; in-app customer support; enterprise functionality; cloud-first architecture; and the ability to modify without the use of outside services. Bright Pattern was recently recognized by Ovum as a Market Challenger, by Omdia for best platform functionality, by Frost & Sullivan as a top-performing vendor, and by Gartner as a leader in the Call Center FrontRunners Quadrant. About Bright PatternBright Pattern provides the simplest and most powerful AI-powered omnichannel contact center software for innovative midsize and enterprise companies. With the purpose of making customer service brighter, easier, and faster than ever before, Bright Pattern offers the only true omnichannel cloud platform with embedded AI that can be deployed quickly and nimbly by business users—without costly professional services. Bright Pattern allows companies to offer an effortless and personal customer experience across channels like voice, text, chat, email, video, messengers, and bots. Bright Pattern also allows companies to measure and act on every interaction on every channel with embedded AI omnichannel quality management. The company was founded by a team of industry veterans who pioneered the leading contact center solutions and are now delivering an architecture for the future with an advanced cloud-first approach. Bright Pattern's cloud contact center solution is used globally in over 26 countries and 12 languages. Logo - https://mma.prnasia.com/media2/967243/Bright_Pattern_Logo.jpg?p=medium600 Related Links :http://www.brightpattern.com
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ioneer Joins major US Industry Organisation Advocating for Zero Emission Transportation by 2030
RENO, Nev. and SYDNEY, Nov. 18, 2020 /PRNewswire/ -- Highlights: ioneer becomes founding member of new Zero Emission Transportation Association (ZETA) in the US. ZETA is advocating for 100% electric vehicle (EV) sales throughout the light-, medium-, and heavy-duty sectors by 2030. ioneer is one of the earliest members of ZETA, which now includes 28 companies including US majors Tesla, ChargePoint, Uber and Duke Energy. ioneer is one of two ASX-listed member companies. ioneer's Rhyolite Ridge Lithium-Boron Project is the most advanced lithium project in the United States. Lithium is a key component in electric vehicle batteries. ZETA is the first industry-backed coalition in the US advocating for the full adoption of electric vehicles by 2030. ioneer Ltd (ioneer or the Company) (ASX: INR), an emerging US lithium–boron producer, today announced that it has joined a group of 28 companies to launch the Zero Emission Transportation Association (ZETA), an organisation dedicated to achieving 100% electric vehicle (EV) sales in the United States by 2030. ZETA is the first coalition of its kind in the US that brings together industry leaders, advocates and non-governmental organisations across the transportation, clean energy and technology sectors to drive policy changes that accelerate electric vehicle adoption. ioneer was one of the first companies to become a ZETA member. In its goal to promote a sustainable future, ioneer joins ZETA alongside major American companies and pioneers such as Tesla, ChargePoint, Uber, and Duke Energy (see full member list below). Ioneer owns the Rhyolite Ridge Lithium-Boron Project in Nevada, US. Lithium is an irreplaceable component in lithium-ion batteries, which are essential to EVs, green energy storage systems and other emissions reducing technologies. It is used specifically in the production of battery cathode materials for EVs and is listed as a "critical mineral" by the US Federal Government. ioneer's Managing Director, Bernard Rowe, said: "ioneer's mission is to support a sustainable, lower carbon future through the responsible production of lithium carbonate, lithium hydroxide and boric acid, which are vital materials to reducing greenhouse gas emissions and creating a globally sustainable future. We view a global shift to electric vehicles as central to our mission. As the most developed lithium project in the United States, not only are we excited to be working closely with fellow leaders across the automotive supply chain, we understand the importance of ensuring US national policy supports a greener future." Through ZETA, member organisations will seek to educate the public on the climate benefits of electrification and advocate for policies that accelerate the transition to zero emissions vehicles. ZETA expects that these policy changes will create hundreds of thousands of new jobs, secure American global EV manufacturing leadership, dramatically improve public health and significantly reduce carbon pollution. ZETA's first task will be to advocate for change in five key policy areas: Outcome-driven consumer EV incentives; Emissions / performance standards enabling full electrification by 2030; Infrastructure investments; Domestic manufacturing across the EV supply chain, from critical minerals to vehicles; and Federal leadership and cooperation with sub-national entities. Learn more at zeta2030.org. This ASX release has been authorised by ioneer Managing Director Bernard Rowe. CONTACTS: Bernard Rowe Jane Munday / Megan Moore Grace Altman Joe Britton ioneer Ltd FTI Consulting FTI Consulting ZETA Managing Director Investor & Media Relations (Australia) Investor & Media Relations (USA) Executive Director T: +61 419 447 280 T: +61 488 400 248 / +61 434 225 643 T: +1 917 208 9352 T: 703-328-8016 browe@ioneer.com jane.munday@fticonsulting.com megan.moore@fticonsulting.com grace.altman@fticonsulting.com joe@zeta2030.org ABOUT IONEER ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS)1 completed in April 2020 confirmed Rhyolite Ridge as a world-class Lithium and Boron Project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future. ABOUT ZETA ZETA brings together those who support meeting the goal of 100% electric vehicle sales by 2030. This diverse non-partisan group coordinates public education efforts and US Federal policy development to promote EV adoption with the goal of creating American electric vehicle manufacturing jobs, better serving consumers, improving air quality and public health, and significantly reducing carbon pollution. 1. ABB Inc. 15. Lucid Motors 2. Albemarle 16. Piedmont Lithium 3. Arrival 17. PG&E Corporation 4. Charge Point 18. Proterra 5. ConEdison 19. Redwood Materials 6. Copper Development Association 20. Rivian 7. Duke Energy 21. Siemens 8. Edison International 22. Southern Company 9. Enel X 23. SRP 10. EVBox 24. Tesla 11. EVgo 25. Vistra 12. ioneer 26. Volta 13. Li-Cycle 27. Uber 14. Lordstown Motor Company 28. WAVE 1 Refer ASX release titled 'ioneer Delivers Definitive Feasibility Study that Confirms Rhyolite Ridge as a World-Class Lithium and Boron Project' announced 30 April 2020.
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Autonomous vehicle simulation startup MORAI closes US$1.8M Series A funding round
Funding round led by Naver D2SF, KakaoVentures, and KODITSEOUL, South Korea, Nov. 17, 2020 /PRNewswire/ -- MORAI, Inc., a member company of Born2Global Centre and Sejong Technopark, has successfully secured US$1.8M in Series A funding round. The round includes investment from Kakao Ventures and Korea Credit Guarantee Fund (KODIT) as well as from an existing investor Naver D2SF (Naver D2 Startup Factory). MORAI delivers testing solutions based on their simulation platform built for the verification and validation of autonomous vehicles. Providing engineers with a wide range of simulation environments that vary from complex city streets to warehouses and shipping yards, MORAI's solutions help customers test even the most complex edge cases efficiently. Since their initial seed funding round, MORAI has started partnerships with more than 30 different organizations in and outside of Korea. MORAI’s autonomous vehicle simulation reconstructs complex scenarios in a 3D environment – allowing engineers to test their systems before deployment. The new round of investment will help continued development of MORAI's simulation software and the company's efforts to scale their platform. MORAI plans to reach out to international customers and partners, building on efforts earlier this year, in which the company completed multiple proof of concept programs, joined the Automated with Velodyne program in May, and opened a branch office in San Francisco in July. "That some of the leading IT companies in Korea have joined us and now share our vision of safety is a great motivator," said Jiwon Jung, CEO and Co-Founder of MORAI. He added, "We plan to continue accelerating our growth, while focusing on further developing our technology and building a product that can help make safe autonomous vehicles a reality." To hear about MORAI's technology, participate the online seminar "Mobility Startup Pitch Event@Born2Global Centre" held for global business exchange from 1:00 pm KST on November 27th. For more detailed information on MORAI, visit www.morai.ai. About MORAI MORAI, Inc. (www.morai.ai) is a South Korean startup building simulation tools and solutions for autonomous vehicles and autonomous systems. Providing engineers with detailed photorealistic scenes such as complex city intersections and test racetracks, MORAI's simulation environments help customers perform verification and validation for their autonomous vehicles. MORAI's data driven simulation approach delivers value along each step of the autonomous vehicle development process, from the project inception stage to the testing and acceptance trial stage. MORAI's core simulation platform is currently supplied to key Korean clients throughout industry, academia, and government. About Born2Global Centre Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since inception in 2013, Born2Global has been setting the standard for successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and be connected with the global market. Media Contact MORAI: contact@morai.ai Born2Global Centre: jlee@born2global.com
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Autohome Wins Seven Awards from Prestigious Publisher Institutional Investor's 2020 All-Asia Executive Team Ranking
BEIJING, Nov. 17, 2020 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that the Company has won seven awards from Institutional Investor's "2020 All-Asia Executive Team" rankings, including "Honored Company," "Best CEO," and "Best CFO." Recently, the global authoritative financial magazine Institutional Investor released the final results from its "2020 All-Asia Executive Team." After nearly six months of voting, Autohome finally emerged from the fierce competition, which included more than 1,000 outstanding listed companies being considered for excellence in corporate governance, executive leadership, and investor relations professionalism. In the 2020's rankings, Autohome was selected on the "Honored Companies" list by distinguishing itself with top rankings in the following categories/sub-categories: Min Lu was recognized as Best CEO, Jun Zou was recognized as Best CFO, and Autohome has also gained top 3 ranking in Best IR Professionals, Best IR Team, Best IR Program and Best ESG, respectively. For 52 years, Institutional Investor has consistently distinguished itself among the world's foremost media companies with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers highly-respected proprietary benchmark research and rankings, including independent sell-side and corporate performance research and rankings, aiming to be the first-choice and independent validation source of qualitative market intelligence for all three sides of the investment community. Institutional Investor Research has a global presence, spanning Europe, All-Asia, the US and Latin America. Every year, Institutional Investor Research asks buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region to identify up to four companies that excel in investor relations in five specific categories – Best CEO, Best CFO, Best IR Professional, Best IR Company and Best ESG. This year, a total of 1,921 portfolio managers and buy-side analysts, as well as 611 sell-side analysts, participated in the 2020 All-Asia Executive Team Honored Companies survey. This year, 1,472 companies, nominated across 18 sectors, were rated on nine core areas. The title of "Honored Company" goes to businesses earning a top-three position in one of the five categories. With its broad influence, the research is known for its strictness, objectivity, and professionalism and is deemed as the most valuable survey amongst the investment community every year. The seven awards Autohome had received from Institutional Investor demonstrates its wide recognition by the global capital markets. In recent years, Autohome has made continuous efforts to strengthen its corporate governance. By leveraging its dominant leadership in digital analytics, Autohome has continued its first-mover advantage under the guidance of its "4+1" business strategy. The Company has been facilitating automakers to deepen the digital transformation with great value add to the auto industrial internet vertical, aiming to build a smart auto ecosystem. Winning multiple awards from the prestigious Institutional Investor is a testament to Autohome's increasingly effective and prominent strategic transformation, as the Company's operational capabilities, market competitiveness, and investment value have been highly recognized by global media and investment community. At the same time, it has also demonstrated Autohome's progress and outstanding performance in corporate governance, executive leadership, information disclosure and investor communication with the capital markets community. Mr. Min Lu, Chairman and Chief Executive Officer of Autohome, said, "In the future, Autohome will continue to strengthen fundamental advantages of its core business, capitalize on growth opportunities in new areas, and achieve steady and sustainable development." Mr. Jun Zou, Chief Financial Officer of Autohome, added, "With the strong support of institutional investor groups, Autohome will remain focused on delivering long-term value to our customers, partners and investors." About Autohome Inc. Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance the car-buying and ownership experience for auto consumers in China. Autohome provides original generated content, professionally generated content, user-generated content, AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn. For investor and media inquiries, please contact: In China: Autohome Inc.Investor RelationsAnita ChenTel: +86-10-5985-7483Email: ir@autohome.com.cn The Piacente Group, Inc.Jenny CaiTel: +86-10-6508-0677E-mail: autohome@tpg-ir.com In the United States: The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050E-mail: autohome@tpg-ir.com Related Links :http://www.autohome.com.cn
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WIV Conference Foster a New Wave of Intelligent Manufacturing Technologies
GUANGZHOU, China, Nov. 17, 2020 /PRNewswire/ -- Guangzhou, a city of intelligent vehicles, is looking forward to an industry conference with global influence. The first WIV will kick off in Guangzhou on December 3-4. As an authoritative, international, and professional industry conference, it will fully demonstrate the key spheres, including policies and regulations, innovative technologies, industrial ecology, infrastructure, cross-border collaboration, business models, and network security, as well as the cutting-edge achievements of the whole industrial chain of intelligent vehicles, strengthen industrial cooperation and exchange, promote the matching and implementation of projects, help the intelligent vehicle industry of China and even the world to develop in high quality and enter a golden era! The "World Intelligent Vehicle" is supported by The People's Government of Guangzhou Municipality, collectively organized by International Cooperation Center of National Development and Reform Commission, Development & Reform Commission of Guangzhou Municipality, Tianhe District People's Government of Guangzhou Municipality and IDG Asia. This conference with the theme of "The Future, Driving Now" arranges a main forum , 10 parallel forums and a number of supporting activities, will have many attendants including officials from the competent government departments, scholars, leading enterprises at home and abroad from vehicle supply chain and related accessory areas, industrial associations, investment institutions, distributors and agents, displaying a wonderful feast of the intelligent vehicle industry from all aspects. Explore the future of intelligent vehicles with united wisdom and strength The global intelligent vehicle industry has been unprecedentedly intensive and active, and a new round of technological revolution and industrial transformation is on the eve of a breakthrough. Intelligent vehicles have come to the center of the new round of international competition as vehicle development has upset the tradition and incorporated technological advancements. The best times are ahead for intelligent vehicles under many favorable conditions. So, how intelligent are vehicles now? What bottlenecks are there? How should automakers cope with the intelligence wave? In this regard, the conference will quest innovative paths of the intelligent vehicle industry, promote the Greater Bay Area's development of the industry with superior resources and in an aggregated way, and attract wide attention of global capital. The WIV opening ceremony and the main forum will provide a venue for guests to deliver insightful remarks on hot topics such as policy guidance, development trend, technological innovation, scene expansion, implementation application, and market cultivation in respect of intelligent vehicles from the perspectives of industry, education, research, government, business, and application, and make suggestions for industry development. In the 10 parallel forums specially designed for the conference, the topics will focus on hot issues such as industry development trend, network security application, intelligent travel and transportation, technological innovation, Greater Bay Area industry, data and application platforms, multi-domain industry integration, business innovation model, laws, regulations and standards system, industry investment and financing. In addition, the conference will also feature a wealth of immersive supporting activities that are not to be missed! Speak out for Guangzhou and help build a city of intelligent vehicles The choice of Guangzhou as the WIV venue can be said to be appropriate, and it reflects Guangzhou's strength and confidence in building a city of intelligent vehicles. In terms of top-level design, Guangzhou put forward the "strategy of trillions to build the city of intelligent vehicles" and the "Guangzhou plan" to promote the intelligent connected vehicle industry. According to the Opinions of the General Office of the People's Government of Guangzhou Municipality on Accelerating the Development of the Automobile Industry issued in September, it is clearly stated that the municipal finance should additionally allocate a special fund of 100 million yuan each year. It aims to promote the high-quality development of Guangzhou in industry and information technology through the implementation of 5G IOV demonstration and promotion projects and intelligent connected vehicle application scenario projects. Also, it supports the establishment of a 10-billion-yuan development fund for Guangzhou's intelligent connected vehicle industry. In terms of industry development, Guangzhou is steadily advancing its "one core and three wings" layout of the intelligent vehicle industry, actively building Guangzhou's comprehensive electronics industry base for intelligent connected vehicles, and creating a professional industrial park for the development and manufacturing of core components and intelligent vehicles. In terms of ecological system construction for the industry, Guangzhou is striving to become a national IOV pilot zone, advancing the intelligent construction of existing road infrastructure in phases and regions, and promoting the demonstration application and commercial application of intelligent vehicles that will pilot in buses, taxes and shared transportation. In terms of technological innovation, Guangzhou will support the construction of a provincial innovation center for the manufacturing of intelligent connected vehicles, the formation of a technology innovation alliance for the Greater Bay Area automotive industry, and the building of an innovation center for integration of the hydrogen fuel cell power system. The WIV held in Guangzhou will eventually serve as an opportunity to promote the great development of the global intelligent vehicle industry. Guangzhou sincerely invites guests from all walks of life around the world to come in December to discuss new academic ideas, scientific discoveries, technological inventions, business models, and industrial directions for the global intelligent vehicle industry.
