Human Horizons Reveals More of Ultra-futuristic Digital GT HiPhi Z
Senmiao Technology Launches Ride-Hailing Platform in Harbin, the Capital of Heilongjiang Province
Invitation to Autoliv's Q2, 2022 Earnings Call
PRT Signs Strategic Partnership with Seri Wathana Group to Better Serve Thai Customers
Data Interconnection Achieved Between NEA and Xpeng, Charges Cars Faster and cheaper in China
Smartech Reveals ‘THE TRACK’ - A Groundbreaking Formula One Destination in Selfridges, London
Ares Confirms Its Presence in Porto Cervo for Summer 2022
AEHRA™ INTRODUCES A GLOBAL REVOLUTION IN ULTRA PREMIUM ELECTRIC VEHICLE ARCHITECTURE AND EXPERIENCE
Autocrypt Joins MobilityXlab, Mobility Technology Collaboration Hub to Accelerate Innovative Global Expansion
Hyundai Motor Unveils Design of All-Electric IONIQ 6, Electrified Streamliner with Mindful Interior Design
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Jiuzi Holdings Inc. Enters into a Letter of Intent with subsidiary of Baoneng Auto Group Ltd.
HANGZHOU, China, June 27, 2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that its operating entity, Hangzhou Zhitongche Technology Limited ("Zhitongche"), has entered into a Letter of Intent (the "LOI") with Kunshan Baoneng Auto Sales Co., Ltd ("Kunshan Baoneng"), the subsidiary of Baoneng Auto Group Ltd. ("Baoneng Auto"). Pursuant to the LOI, Zhitongche intends to distribute Baoneng Auto's "Youbaoli" brand electric cars in Zhejiang Province and enjoys supplies at priority in all major cities of Zhejiang, including Hangzhou, Ningbo, Wenzhou, Jiaxing, Huzhou, Shaoxing, Jinhua, Quzhou, Zhoushan, Taizhou, and Lishui. The parties expect to enter into definitive agreement in September 2022. Baoneng Auto was established in 2017 by Baoneng Investment Group ("Baoneng Group"), a well-known Chinese property and finance conglomerate. Baoneng Group entered the automotive industry aiming to develop new energy vehicles. This strategic move was made in the context of the Chinese government's steady support for the development of NEV and the rapid growth of the NEV market in China. "We look forward to becoming Baoneng Auto's regional distribution partner," said Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc. "As China's leading NEV dealership group, Jiuzi not only has accumulated extensive experience in the retail field of new energy vehicle but also can provide an integrated solution in terminal sales management and supply chain management. We are delighted to witness that the Jiuzi brand has been recognized by over twenty NEV manufacturers, including Lingbox, Tongjia, Ruichi, Enovat, Letin, Pocco, Wuling Hongguang, Weltmeister, Sunra, Chery, HYCAN, Dongfeng EV, Nezha, Toyota Alpha, BAIC, BYD, GAC Trumpchi, Geely, and etc. Baoneng Auto will expand our brand portfolio and enhance our supply chain." Mr. Qi Zhang, COO of Jiuzi Holdings, Inc., commented, "According to the statistics released by the China Passenger Car Association (CPCA), in the first quarter of 2022, the total sales of A0 class EV (mini passenger car) and A00 class EV (small passenger car) were 297,000 units or 27.8% of the total NEV market. Youbaoli brand targets the budget car consumers in 3rd- 4th- 5th tier cities that fit Jiuzi's nationwide footprint. We are confident that Jiuzi will be one of the best distribution partners of Baoneng Auto, and we expect to expand our cooperation to other provinces in China." About Jiuzi Holdings, Inc. Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail stores under the brand name "Jiuzi" to sell New Energy Vehicles ("NEVs") in third and fourth-tier cities in China. The Company mainly sells battery-operated electric vehicles and sources NEVs through more than twenty NEV manufacturers. It has 31 operating franchise stores and one company-owned store. For more information, visit the Company's website at http://www.zjjzxny.cn/. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events, circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and its other filings with the SEC. For more information, please contact: Stephen TongEmail: jiuzi@mana-ir.comPhone:+86 139 0121 0656
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70mai Unveils a Brand New Dash Cam and Its Plan in the Indonesian Market
It starts with a promotion on Tokopedia upon the release of Dash Cam Lite 2 JAKARTA, Indonesia, June 27, 2022 /PRNewswire/ -- 70mai, an industry-leading smart car electronics company, today announced its all-new Dash Cam Lite 2 and the plan to officially enter the Indonesian market. The campaign to promote Lite 2's launch on Tokopedia is the first step. Dash Cam Lite 2 Comes with Multiple New Features As an upgraded version of one of the best-selling models from 70mai, Dash Cam Lite 2 maintains the essential capabilities and also includes some new features. One of them is Time-lapse Recording, which allows continuous, one-frame-per-second recording for 24/7 car surveillance. Another major upgrade of lite 2 is its compatibility with the newest External GPS Module from 70mai, providing accurate and stable positioning in real time by receiving signals from both the GPS and GLONASS satellites. A broader language selection, Polish, Thai, French, German, Czech, Romanian, and Traditional Chinese, is included to better serve customers from different parts of the world. Main Features of Dash Cam Lite 2 Include 1080P Full HD resolution with 130° field of view Superior Night Vision F2.0 aperture with WDR technology Built-in 2-inch screen Emergency Recording 24H Parking Surveillance Time-Lapse Recording Real-time positioning and route tracking, powered by External GPS Module App control, photos & videos sharing How Dash Cam Lite 2 Fits in the Current Product Line-up Apart from the all-new Lite 2, 70mai is now offering 6 different dash cams, including Dash Cam M300, Dash Cam 4K A800S, Dash Cam Pro Plus+, Dash Cam Lite, Smart Dash Cam 1S, and Rearview Wide. As the upgraded version of the Dash Cam Lite, Lite 2 sits between Dash Cam Pro Plus+ and Dash Cam Lite, with Dash Cam Pro Plus+ offering higher resolution (2592*1944), a brighter F1.8 aperture, and a wider 140° field of view, while Dash Cam Lite lacks the Time-Lapse Recording, the updated GPS compatibility, and the wider language selection that are featured in Dash Cam Lite 2. Pricing and Availability The all-new Dash Cam Lite 2 will be available on Tokopedia https://bit.ly/3tWJJkg first and priced at 949,000 Rp from July 1-15, 2022, when customers will be able to enjoy a 5% discount during the promotion. 70mai Reveals Its Plan and Goal in the Indonesian Market 70mai has already been selling its products on JD.ID, and will soon enter the iBox (a leading Apple Premium Reseller) and Urban Republic in Jabodetabek in late June 2022. 70mai set foot in the market with the aim to offer sleek, practical, and better-value dash cams, helping everyone in Indonesia drive safe wherever and whenever. The vision for 70mai is to revolutionize the dash cam market in Indonesia, with the vision to safeguard your every trip, the 70mai dash cams are designed to become reliable copilots that watch out for you while helping you become better drivers, and ultimately become Indonesia's No. 1 dash cam brand. About 70mai Founded in 2016, 70mai is a smart car electronics company with industry-leading technologies and a commitment to creating products that exceed customer expectations. The in-house supply chain, R&D department, and factories have granted 70mai strong capabilities of both software development and hardware manufacturing. 70mai holds a solid brand reputation and a strong market presence in 103 countries and regions, including Europe, South East Asia, and North America. Over the past few years, 70mai has earned two of the world's highest honors in product design, iF Design Award and Red Dot Design Award, which indicate the outstanding design quality of 70mai products in terms of appearances, functionality, and innovation. Find out more on 70mai Indonesia Official Store.( https://www.tokopedia.com/70mai) More news at: https://www.instagram.com/70mai.id/ https://www.tiktok.com/@70mai.indonesia https://www.70mai.com/
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AI Chipmaker Hailo Collaborates with Renesas to Enable Automotive Customers to Seamlessly Scale from ADAS to Automated Driving
Joint solution is available now to enable powerful, efficient and safe automotive ECUs TEL AVIV, Israel, June 27, 2022 /PRNewswire/ -- Hailo, the leading edge Artificial Intelligence (AI) chipmaker, today announced its collaboration with Renesas, a premier supplier of advanced semiconductor solutions, to deliver a powerful and energy-efficient processing solution enabling advanced driver-assistance (ADAS) functions and automated driving (AD) systems in motor vehicles. The joint Hailo-Renesas solution will make sophisticated ADAS technology more accessible in cars of all types. The joint Hailo-Renesas solution will make sophisticated ADAS technology more accessible in cars of all types. The combination of Hailo-8 processors, designed for heavy Neural Network (NN) acceleration, with the powerful Renesas R-Car V3H & R-Car V4H systems-on-chip (SoCs), powers robust, scalable, efficient, and cost-effective ADAS solutions for zonal and centralized vehicular ECUs. The solutions are scalable for a wide range of ADAS functions from ADAS L2+ up to L4 AD functions requiring very high tera-operations per second (TOPS), while delivering best-in-class TOPS/W. "ADAS and AD features have proven to be instrumental in minimizing accidents and saving lives. However, technological challenges have caused great difficulties for automakers looking to make such advanced functions accessible in anything but higher-end vehicles," said Orr Danon, CEO and Co-Founder of Hailo. "Together with Renesas, we are offering a solution helping democratize ADAS, so its benefits can be enjoyed by more and more drivers. AI will play a major role in making our roads safer, and with industry leaders like Renesas helping us innovate, we will make driving both safer and more affordable." "Automotive OEMs are looking for scalable solutions for ADAS and AD to streamline software development," said Yusuke Kawasaki, Director, Automotive Digital Products Marketing Division at Renesas. "We are confident that our collaboration with Hailo, which has expertise in AI technology, will enable our customers to easily extend the performance of the R-Car so that they can flexibly and quickly incorporate ADAS/AD functionality in various classes of vehicles." Key features for the joint Hailo-Renesas solution include: Independent scalability in AI & compute, allowing flexibility and cost-effectiveness for Level 2+ to Level 4 ADAS designs The highest performing solution available today in the automotive market, ranging from 60 TOPS to over 170 TOPS for multi-sensor perception and fusion Best-in-class power efficiency, enabling ECUs to be passively cooled, which reduces the BOM and system cost Functional safety for the ADAS/AD ECU with Renesas R-Car (R-Car V4H is expected to achieve ASIL-B and D metrics for the real-time domain) and Hailo (Hailo-8 supports ASIL B) An open software ecosystem allowing OEMs/Tier-1s more control & possibility for innovation A single Hailo-8™ delivers unprecedented performance to edge devices. Featuring up to 26 TOPS at a typical power consumption of 2.5 W, the chip is built with an innovative architecture that enables edge devices to run sophisticated Deep Learning applications that could previously only run on the cloud. Hailo-8's advanced structure translates into higher performance, lower power, and minimal latency, enabling enhanced privacy and better reliability for smart devices operating at the edge. Hailo continues to make significant strides in the automotive industry, partnering with industry leaders to create high-performance, scalable AI solutions for automotive Electronic Control Units (ECUs), enabling power-efficient AI acceleration with low energy consumption to advance automotive innovation. The joint Hailo-Renesas solution is available for customer evaluations and demonstrations. It will be showcased live at Automobil Elektronik Kongress in Ludwigsburg (Germany) on June 28-29. About Hailo Hailo, an AI-focused, Israel-based chipmaker, has developed a specialized AI processor that delivers the performance of a data center-class computer to edge devices. Hailo's processor is the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real-time, with minimal power consumption, size, and cost. The processor is designed to fit into a multitude of smart machines and devices, impacting a variety of sectors including automotive, Industry 4.0, smart cities, smart homes, and retail. For more information visit https://hailo.ai/ Hailo media contact:Garrett KrivicichHeadline Mediagarrett@headline.media +1 786 233 7684
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Hyundai Motor's 'The Bigger Crash' Brand Campaign Ads Win Silver Lions at Cannes Lions International Festival of Creativity
Hyundai's brand campaign ad won Silver Lions in the Outdoor Billboard Campaign and Print categories in the automotive sector 'The Bigger Crash' campaign was also shortlisted in the Design Lions category at Cannes Lions International Festival of Creativity 'The Bigger Crash' highlights the seriousness of climate change and promotes the world's urgent attention to address the issue It is the latest Hyundai brand campaign to be recognized with a prominent global advertising accolade SEOUL, South Korea, June 27, 2022 /PRNewswire/ -- Hyundai Motor Company's global brand campaign, 'The Bigger Crash,' won the Silver Lions award at the Cannes Lions International Festival of Creativity 2022 in France, one of the most prestigious advertisement accolades in the world. Hyundai Motor’s ‘The Bigger Crash’ Brand Campaign Ads Win Silver Lions at Cannes Lions International Festival of Creativity The Bigger Crash outdoor billboard and print ad campaign features cars overturned by hurricanes that happened in the past several years around the world. The campaign shows the seriousness of climate change through captions about the wind speed of the hurricanes, not the speed of the vehicles, such as 'Katrina 280 km/h' and 'Jebi 285 km/h.' The images also effectively emphasize the need for eco-friendly actions around the world for the sake of generations to come. Along with the Silver Lion awards in the Outdoor Billboard and Print advertising categories, 'The Bigger Crash' was also shortlisted in the Design category. "This award recognizes Hyundai Motor's efforts to show our customers that we are sincerely committed to fostering a sustainable future," said Sungwon Jee, Vice President and the Head of Brand Experience sub-division of Hyundai Motor Company. "We will continue to carry out various activities to promote eco-friendly mobility under our brand vision, 'Progress for Humanity.'" 'The Bigger Crash' campaign was designed to steer the conversation around climate change toward a greener future and shows Hyundai Motor's thoughtful approach to offering various means of mobility. The campaign also stresses Hyundai Motor's commitment to taking an active role in tackling the issue for the benefit of future generations. Prior to the Silver Lions awards at Cannes Lions, the campaign also received the Silver Award at Graphite Pencil in the Photography category at the Design and Art Direction (D&AD), Europe's leading advertising and design award. It also won seven prominent awards at The One Show Award in the U.S., and silver and bronze awards at The Art Directors Club in Germany. Hyundai Motor’s ‘The Bigger Crash’ Brand Campaign Ads Win Silver Lions at Cannes Lions International Festival of Creativity
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Rimac Nevera Heads to Goodwood Festival of Speed, and You Could Be in the Passenger Seat
Since its first appearance at the Goodwood Festival of Speed in 2021, Nevera has been named GQ’s Hypercar of the Year, Top Gear Magazine’s Best Electric Performance Car and Robb Report’s Best Hypercar. Examples of the Nevera are currently being handbuilt on Rimac Automobili’s production line in Croatia, with the first deliveries to customers taking place across the summer. The Rimac Nevera will be heading to Goodwood Festival of Speed again this week, ready to show visitors why it’s been crowned as the fastest accelerating production car in the world. Equipped with a 1,914hp Rimac-designed four-motor powertrain, complete with Rimac All-Wheel Torque Vectoring 2 (R-AWTV 2), the Nevera is ready for some controlled crowd-pleasing slides and four-wheel burnouts on the Duke of Richmond’s famous driveway. Alongside Rimac clients and prospects, for one lucky Rimac fan, there’s also the opportunity to experience Nevera from inside the cabin. This week on the Rimac Instagram page followers have the chance to win a seat in the Nevera for a run up the hill on Sunday 26 June, with the car piloted by Rimac Automobili test driver Miroslav “Mrgud” Zrnčević. Mate Rimac, CEO of The Rimac Group, said, “When I first started this business in 2009, I was just a fan. I used to read obsessively about the latest supercars, and I would dream of one day getting to drive them. Building the Nevera was really the culmination of this dream for me, and I’d love to be able to share what we’ve built with one of our fans. That’s why we’re choosing to give away this space in the passenger seat to one of our Instagram followers; we have many fans that we try to bring as close to the action as we possibly can. But we’re taking that further than ever before with this latest prize.” So far, only buyers, potential customers, Rimac employees and media have experienced the Nevera’s next-generation performance, so this represents a once-in-a-lifetime opportunity to feel the visceral thrill of Rimac’s next-generation all-electric hypercar. The Nevera is capable of accelerating from 0-60mph in less than two seconds and from 0-100mph in just 4.3 seconds. It proved itself the fastest accelerating production car in the world last year, setting a quarter-mile time of 8.582 seconds. Meanwhile, the R-AWTV 2 system enables infinitely variable dynamic responses to road and track conditions by constantly monitoring and calibrating the amount of torque supplied to each wheel. Both predictive and responsive, R-AWTV makes over 100 calculations per second to tailor the level of torque to achieve the desired driving style. Able to be personalised by the driver, SPORT mode sharpens the response of the throttle, brakes, suspension and steering, while DRIFT mode supplies more torque to the rear wheels to help the car into a controlled slide. The Nevera in green callisto spec will be on display throughout the event in the Michelin Supercar Paddock, and taking to the hill twice a day in Batch 6, Supercars and First Glance.
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Senmiao Technology Launches Ride-Hailing Platform in Guiyang, the Capital of Guizhou Province
CHENGDU, China, June 23, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in Guiyang, the capital of Guizhou Province. A total of over 2300 rides have been completed in Guiyang on Senmiao's online ride-hailing platform since it was launched on June 14, 2022. With the addition of Guiyang, Senmiao's platform is now available in 20 cities across China, including six cities in Sichuan Province and 14 major cities in other provinces in China. With a population of approximately 6.1 million, Guiyang is one of the fastest-growing provincial capital cities in China. Guiyang is recognized as one of the key central cities in Southwest China by the State Council and has become the political, economic, cultural, scientific and educational center of Guizhou Province, following the establishment of the Guiyang Free Trade Zone in 2013. Guiyang is also an important transportation and communication hub, driving industry, business and tourism in the southwest region of China. Xi Wen, Senmiao's Chairman and Chief Executive Officer, stated, "We are pleased to continue strengthening our partnership with Gaode Map (AutoNavi Software Co., Ltd.) with the launch of our platform in Guiyang. We believe there is significant opportunity for Senmiao to expand our business in Guizhou. Here we see synergies with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd., one of the largest online ride-hailing companies in Guizhou Province, with which we announced a cooperation agreement in November 2021. Guiyang is an important transportation and tourism center in Southwest China, and we look forward to serving the people in this growing city. We expect to launch our platform in other major cities with growth potential, which we anticipate will help improve cash flow in the coming quarters." 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 purchases, financing, management, operating leases, guarantees and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing online ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website. 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-hailing platform) 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. Carolyne Sohn, Vice President +1 415-568-2255csohn@equityny.com In ChinaLucy Ma, Associate+86 10 5661 7012lma@equityny.com © 2022 Senmiao Technology Ltd. All rights reserved.
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Ride share and Ride-hailing Boost Global Purpose-built Vehicle Demand
The purpose-built vehicle market improves vertical integration and brings customers and manufacturers closer by eliminating gaps, says Frost & Sullivan SAN ANTONIO, June 23, 2022 /PRNewswire/ -- The need to address various requirements in ride share and ride-hailing expedites purpose-built vehicle (PBV) market growth, finds Frost & Sullivan's recent analysis. This sector involves original equipment manufacturers (OEMs) designing, fabricating, and selling highly customized vehicles that adapt to customers' application needs. With three innovative business models——build-and-own, build-and-sell, and configure-and-buy—the PBV market improves automotive business models' vertical integration and brings customers and manufacturers closer by eliminating gaps. Purpose-built vehicle design For further information on this analysis, Global Purpose-built Vehicle Strategic Insights and Growth Opportunities, please click here "Conventional business models have multiple stages before vehicles reach consumers, resulting in end customers receiving incorrect, inaccurate, or incomplete information," said Thanigesh Arumugam Parthasarathi, Mobility Research Analyst at Frost & Sullivan. "The PBV market, on the other hand, offers optimization feasibility and enables customers to co-create vehicles with OEMs according to their requirements." Parthasarathi added: "The rise in the adoption of electric vehicles (EVs) drives shared service providers and OEMs to develop electric-driven PBVs. Further, the modular EV skateboard and electrical/electronic architectures followed by many PBV makers will enable new technological developments in vehicle design." Customers' increasing preference for PBVs presents growth prospects for market participants in different areas, including: Disrupting the cargo delivery vehicle market: Logistics companies can commission PBVs to achieve maximum cargo space and reduce the fleet number and operational costs incurred by each fleet. Facilitating the advent of autonomous shuttles and robotaxis: Companies developing purpose-built shuttle services can consider optimizing the vehicle design to convert the same vehicle to autonomous shuttles and robotaxis in the future. Creating opportunities for start-ups: Automotive start-ups can leverage the PBV market to offer fresh concepts and create technologically updated vehicles for ride share and ride-hailing services. Global Purpose-built Vehicle Strategic Insights and Growth Opportunities is the latest addition to Frost & Sullivan's Mobility 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 Global Purpose-built Vehicle Strategic Insights and Growth Opportunities PCFB Contact:Sol CuretCorporate CommunicationsE: sol.curet@frost.com
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Yadea Officially Launches in Spanish Market with Madrid Event
MADRID, June 22, 2022 /PRNewswire/ -- Yadea (01585:HK) officially announced its expansion into the Spanish market after the world's leading electric two-wheeler brand held a successful high-profile launch event at Madrid City Hall on June 21. With the theme #YADEATakestheCity, the event showcased the full range of Yadea products, with a focus on the high-end VFLY F200 series. Zhou Chao, President of Yadea's International Business Group, was on hand via video link to deliver an opening speech, and he was joined by Borja Carabante, Environment and Mobility Councillor of Madrid City. Aska Zeng, CEO of Yadea Europe, Ernesto Ko, President of YADEA Spain, and representatives from various media outlets, both domestic and international, were also in attendance. Yadea held launch event at Madrid City Hall to announce its expansion into the Spanish market "With our expansion into this new market, we are delighted to bring even more green mobility solutions to the people of Spain," said Yadea Europe CEO Aska Zeng. "As Yadea's business gains even greater prominence on an international level, we hope that more people around the world will embrace our #ElectrifyYourLife philosophy and live more sustainably." The brand's debut in the Spanish market featured the local premiere of VFLY F200 series, which will raise the bar for electric two-wheelers in terms of design, power, and performance. F200 boasts the industry's first application of a 10KW wheel-side motor. By employing precise algorithmic controls, the motor maximizes energy efficiency, ensuring a powerful and consistent ride with uninterrupted acceleration. Its battery system comes equipped with an ATL long-range automotive-grade high-voltage lithium-ion cell, which can be fully charged in four to five hours thanks to 1,000W 12A fast charging support. Safety is also paramount for Yadea and F200 is no different. The line is equipped with large-diameter semi-hot melt tires based on the model's driving parameters. The high-performance wheels allow for high-speed (front: 110/70-14, rear: 130/70-13) and they can adapt to changing road conditions for a better riding experience. In addition, Yadea displayed more products such as electric motorcycles, bicycles, and kick scooters to demonstrate full coverage for all riders and scooters and showcased its fast-charging technology as well during the event. "Madrid attaches great importance to environmental protection," commented Borja Carabante, city councilor for Environment and Mobility. "It is with great pleasure that we welcome Yadea to our beautiful city. The event also drew the attention of the media with representatives from domestic and international outlets in attendance. Company figures held multiple events and interviews covering themes such as future mobility and sustainable development throughout the day. As a pioneer in the field of electric two-wheelers, entering the Spanish market is an essential step for Yadea to bring cutting-edge green mobility products to users in Europe. With the acceleration of its Brand Globalization Strategy, Yadea continues to complete its global high-quality supply chain system, taking the lead in partnership with the world's top industrial design company Studio F.A. Porsche. Powered by investment in two CNAS laboratories, six technology R&D centers, and one industrial design technology center, Yadea will continue to make innovative breakthroughs to bring new environmentally-friendly mobility solutions to market in a host of countries around the world. For more information, visit: Official Website: https://www.yadea.com/Facebook: https://www.facebook.com/Yadea.OfficialInstagram: https://www.instagram.com/YADEA.GLOBAL/Twitter: https://twitter.com/YadeaGlobal
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Porsche Korea Opens the Renewed 'Porsche Centre Daechi'
Porsche Korea (Holger Gerrmann, CEO of Porsche Korea Ltd.) announced that it opened the re-newed 'Porsche Centre Daechi' located in Gangnam-gu, Seoul. The ‘Porsche Centre Daechi’ will be operated by Stuttgart Sports Cars Ltd (SSCL, CEO Jong Han Yoo), an authorized Porsche Korea dealer partner. 'Porsche Centre Daechi' is the first 'Destination Porsche Centre' in Korea, applying the new corporate architecture featuring a welcoming and eye-catching design of the Entrance Façade that comes to light in the evenings. The ‘Porsche Centre Daechi’ is an important landmark for Porsche being the first official Porsche showroom in Korea which opened in 2005. In the now newly created environment Porsche offers a broader brand experience including Porsche’s heritage and lifestyle. With a total floor area of 1,464.22㎡ (approx. 443 pyeong), 'Porsche Centre Daechi' is 4 floors high and provides customers with various amenities and differentiated services. In the show-room a total of 8 Porsche models can be displayed and given the successful launch of the Taycan, E-Performance Zones for the brand's electrified models are prepared on two floors. Besides the Porsche Sportscar displays, visitors can browse Porsche lifestyle products and relax in a special designed lounge where a variety of drinks are being offered. In addition, the ‘Porsche Centre Daechi’ has a total of eight consultation rooms, and eco-friendly wood tone interiors are applied to each floor to provide a warm and friendly environment for the comfort of the customer. Holger Gerrmann, CEO of Porsche Korea stated, “Being the first Porsche showroom in the country, ‘Porsche Centre Daechi’ is a symbolic place that shares the history of the brand in Korea,” adding that, “We hope that customers will be able to experience Porsche products as well as the brand’s charm and joy created by this space and our new retail concept.” 'Porsche Centre Daechi' is open from 9 a.m. to 7 p.m. on weekdays and from 10 a.m. to 6 a.m. on weekends and public holidays (closed on Lunar New Year Day and Chuseok). Porsche Korea is currently running 13 Porsche Showrooms, 13 Porsche Service Centres, 3 Porsche Approved Centres, and 3 Porsche Studios in Korea. ※ Porsche Centre Daechi Address: 401 Yeongdong-daero, Gangnam-gu, Seoul / Phone Number: +82-2-2051-0911
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New Peugeot model debuts in China's Auto Valley with fresh brand image
WUHAN, China, June 22, 2022 /PRNewswire/ -- The new Peugeot 408 has made its world debut in Wuhan Economic & Technological Development Zone (WHDZ), also known as China's Auto Valley. To one's surprise, in the middle of the front face of the new 408, a new shield-shape lion logo replaces the previous standing lion cub as the brand's image. New Peugeot 408 This year marks the 30th anniversary of the founding of Dongfeng Peugeot Citroen Automobile Company LTD (DPCA). DPCA has developed together with the WHDZ in the past three decades. On May 16, 1991, bearing the national mission of developing the automobile industry, the WHDZ officially broke ground in Wuhan's Zhuankou. The vast deserted land has been sleeping for a long time began to wake up, and the dream of building China's automobile capital set sail. After more than 30 years of development, the WHDZ has transformed from a project into a city, and the annual output of automobiles has ballooned from 1,000 to one million, an increase of nearly 1,000 times, making it one of the regions with the highest concentration of automobile manufacturing industry in China. Within less than 500 square kilometers, it has attracted 9 vehicle enterprises, 13 vehicle factories that have been built or are under construction, and more than 500 world-famous parts supporting enterprises from countries such as the United States, Britain, Japan, Germany and France. State-owned auto enterprises, new comers and emerging forces develop together in the WHDZ, elevating the region to one of the most competitive auto districts and counties in China, and the WHDZ gains the reputation of China's Auto Valley. In October 2002, Dongfeng Company signed a joint venture contract with France's PSA Peugeot Citroen Group in the Great Hall of the People in Beijing. As an important part of the contract, the Peugeot brand made a comeback to the Chinese market by means of establishing Peugeot. Over the years, Peugeot 206, 307, 408 and other models have entered many families, making Peugeot one of the mainstream joint venture automobile brands in China. In particular, Peugeot 408 has been upgraded and modified for many times since its launch, with a cumulative sales volume of nearly 600,000 units in 12 years, including nearly 8,000 units exported overseas. In 2015, the 408 model was thrown into the spotlight, with annual sales exceeding 100,000 units and becoming the star model of DPCA and Peugeot. The automobile market is always changing fast. DPCA and Peugeot have posted steady rises amid competition. In October 2020, DPCA launched a project and a campaign at the DPCA Automotive Cultural Festival. The project upgrades DPCA's mid-term business strategy to more localized products, more accurate marketing, more reliable services and more efficient operations. The customer-focused campaign seeks to offer more quality services throughout the car purchase and use experience. These efforts have brought changes. In 2021, Peugeot got a refresh with a new brand strategy to compete in the Chinese passenger car market again. Peugeot sold 51,000 vehicles in 2021, registering a year-on-year increase of 74 percent. DPCA takes customer as the focus and keeps pressing ahead with innovation, which is also a solid step on the road of helping the WHDZ build China's Auto Valley and a world-class automobile industry cluster. To make products more localized, half a year ago, Dongfeng Citroen launched the Versailles C5 X, which became a market hit immediately. Now the new 408 has gone global from China's Auto Valley with a bright future. Image Attachments Links: Link: http://asianetnews.net/view-attachment?attach-id=423853 Caption: New Peugeot 408
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MORAI to Showcase Cloud-Based Autonomous Driving Simulation Technology at Automotive Testing Expo Europe 2022
Showcasing MORAI SIM Cloud, a SaaS model to increase efficiency through test automation feature at Automotive Testing Expo Europe 2022 MORAI to enhance engagement with industry leaders to foster global partnership STUTTGART, Germany, June 21, 2022 /PRNewswire/ -- MORAI, a leading developer of full-stack autonomous vehicle simulation technology in Korea, announced today that it will showcase MORAI SIM Cloud, a cloud-based solution that builds a myriad of simulation environments without hardware restrictions and enable simultaneous testing at Automotive Testing Expo 2022. As Europe's largest vehicle and component testing and validation technology exhibition, Automotive Testing Expo Europe brings the latest in automotive testing, development, and validation technologies. This year, the expo is held from June 21 to 23 in Stuttgart, Germany and MORAI will exhibit its latest autonomous driving simulation technology at the booth 1358. MORAI SIM MORAI SIM Cloud is the Software as a Service (SaaS) model of the existing MORAI autonomous driving simulator, MORAI SIM, that will allow users to perform simulation tests in the cloud without installing any software onto local computers. The cloud-based offering increases test efficiency as it enables users to run a large number of simulation tests requiring multiple computers to run, with a single computer simultaneously and without hardware restrictions. MORAI SIM Cloud is applied to a variety of industries, including automotive, academia, trucking, defense, aerial, among others. "As a first-time exhibitor at Automotive Testing Expo Europe 2022, we are looking forward to showcasing our advanced technologies and bringing innovation to the autonomous driving industry," said Jiwon Jung, CEO of MORAI. "We aim to actively engage in sharing our insights in autonomous driving simulation technology with industry leaders at the world's leading industry trade fair and to further foster global partnership." MORAI is the only developer and distributor of a full-stack autonomous driving simulation platform in South Korea, with more than 100 clients, including Hyundai Mobis, Naver Labs, and Samsung Engineering. MORAI has established its US office in the Bay Area in 2020, and it has been proactively expanding domestic and global business opportunities. MORAI's competitive edge comes from its technology to automatically convert HD map data into digital twins, thereby providing large-scale simulation environments. In February 2022, MORAI successfully secured a USD 23 million Series B funding round to expand its global presence. The round included investment from new investors Korea Investment Partners, KB Investment, and the state-run Korea Development Bank (KDB), bringing MORAI's total funding to date to USD 27 million. About MORAI MORAI (www.MORAI.ai) was founded in 2018 as a startup by former Korea Advanced Institute of Science and Technology (KAIST) autonomous driving researchers dedicated to creating autonomous driving simulation platforms, and has since started to provide simulation software for verifying the safety and reliability of self-driving systems. MORAI is the first Korean company to have independently developed a full-stack self-driving simulation solution which includes the core simulation engine. MORAI currently supplies industry, research organizations, and universities with autonomous driving simulation solutions, and is looking to form partnerships with companies from around the world. With a team of over 95 experts dedicated to their respective fields, Naver, Hyundai Motor Company, Kakao Ventures, Korea Credit Guarantee Fund, Atinum Investment, and other major Korean industry players recognized MORAI's potential by participating in its funding rounds. Recently, in February 2022, the company raised USD 23 million through Series B Funding Round with existing investors and new investors such as Korea Investment Partners, KB Investment, and Korea Development Bank, bringing MORAI's total funding to date to USD 27 million.
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Cango Inc. Launches Cango Haoche APP
SHANGHAI, June 21, 2022 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that the Company launched its Cango Haoche mobile application (the "APP") on June 20, 2022. Built on the success of its Cango Haoche WeChat mini-program, which was introduced last year, the APP marks an important milestone for Cango in transforming its business into a one-stop automotive transaction services platform empowering the whole automotive chain. With this new APP, Cango aims to meet dealers' evolving and diverse demands more promptly and accurately with a stabler and more robust system, as well as smoother and richer functionality. The APP provides end-to-end services to dealers, especially small- and medium-sized dealers in lower-tier markets, ranging from steady vehicle sources and nationwide warehousing and logistics services to support for financial and insurance services. In addition to the WeChat mini-program's original services such as online car search, vehicle source listing and model search, the new APP supports real-time inventory inquiries for proprietary vehicles, enabling registered dealers to access inventory status and make decisions accordingly. Furthermore, Cango optimized the APP's online payment feature, providing dealers with greater convenience and security for their online transactions. Gu Min, Vice President of Cango Group, commented, "Despite the multitude of players in our industry, as yet there is no comprehensive platform providing integrated car trading transactions, financial, insurance and implementation services, especially in lower-tier markets. Our Cango Haoche APP represents a tremendous step forward in our efforts to fill that void. Cango has been cultivating its presence in lower-tier markets for over a decade and boasts deep market insights as well as a broad understanding of dealers' needs. Our platform and tools directly address dealers' pain points by providing one-stop, end-to-end services and serving as a trusted partner on their journey, supporting them as they grow." Going forward, the Cango Haoche APP and WeChat mini program will run in parallel. Dealers can easily conduct car searches, check vehicle sources and review trending recommendations of proprietary car models on the mini-program, while accessing increasingly efficient empowerment services and functions on the APP, strengthening user stickiness. To provide a more interactive experience and further increase user loyalty, the Company will periodically launch discounts, coupons, gifts and other special offers through the APP. Recently, favorable policies such as the reduction of the passenger vehicle purchase tax and promotion of new energy vehicles (NEVs) in rural areas have stimulated demand for automotive consumption, particularly in lower-tier cities. This policy support, along with largely unmet consumer demand in lower-tier markets, bodes well for Cango given the Company's extensive knowledge of and experience with a wide dealer network in those markets. Cango will leverage these opportunities to continue building its end-to-end closed service loop, empowering dealers and connecting the upstream and the downstream of the industry through platform services covering vehicle sources, finance, insurance, warehousing, logistics, and supply chain finance. About Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transaction, auto financing and after-market services. By working with platform participants, Cango endeavors to makes car purchase simple and enjoyable, and make itself customers' car purchase service platform of choice. For more information, please visit: www.cangoonline.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States 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" and similar statements. Among other things, the "Business Outlook" section and quotations from management in this announcement, contain forward-looking statements. Cango 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 Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; Cango's expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Media Contact: Juliet YeCango Inc.Tel: +86 21 3183 5088 ext.5581Email: pr@cangoonline.com Twitter: https://twitter.com/Cango_Group
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Quantum Solutions to partner with China's Singulato Motors on development and production of electric vehicles
HONG KONG, June 21, 2022 /PRNewswire/ -- Quantum Solutions (Quantum), an electric vehicle (EV) developer listed on the Tokyo Stock Exchange, announced that it has signed a letter of intent with China's Singulato Motors (Shanghai) Ltd. to collaborate on the development and production of electric vehicles as Quantum shifts its focus to providing affordable mobility solutions necessary for the global transition to a net carbon-zero society. The collaboration, which is subject to approval by Quantum's board of directors after a period of due diligence, will give Quantum access to Singulato's SUV and small car EV platform technology, which includes a market-leading smart car networking system. In addition, Quantum will expand its access to China, the world's largest EV market. Simon Zhang, Quantum's chief executive who manages the company's overseas platform, said, "This is an important collaboration because this will strengthen our research and development (R&D) and highlights the potential for cooperation between Japan and China in the expanding market for EVs." The agreement reached with Singulato marks the latest step Quantum has taken in building a global EV production network with cutting-edge intellectual property needed to fulfil the company's mission of meeting the growing demand for low-cost EVs. Since April, Quantum has outsourced the production of the FOMM ONE, one of the world's smallest four-seater EV models, to its joint-venture partner FOMM Co., Ltd. (FOMM) in Thailand. Quantum is also shifting production to original equipment manufacturers (OEMs) in China in order to lower manufacturing costs and raise profitability, which is the reason why Quantum signed the letter of intent with Singulato. Quantum and Singulato are two rare examples of dedicated EV companies that share a common Japanese DNA, Zhang said. In January Quantum acquired the rights to produce and sell the FOMM ONE from its joint-venture partner FOMM in some regions. FOMM ONE utilizes patented technology invented by engineers who were involved in EV development at Japan's Araco Co., Ltd. (currently Toyota Auto Body Co., Ltd.). Several Chinese and Japanese engineers currently work at Singulato, and its small car EV model iC3 uses platform technology licensed from a major Japanese auto maker. Singulato develops and manufactures EVs, but it also develops autonomous and artificial intelligence-powered driving systems, big data analysis for networked EVs and other technology necessary for the upcoming generation of new energy vehicles. In addition, one of Singulato's shareholders is a major Japanese trading company. In March Quantum Automotive Ltd., a wholly-owned subsidiary of Quantum, and Chinese EV maker Jiangsu Duke Electric Motor Co., Ltd. (Duke) entered an agreement to use Duke's technology to manufacture EVs for Asia and Latin America, which is another example of Quantum's ability to form partnerships within China's EV sector. About Quantum Solutions Limited (2338.T) Quantum Solutions Co., Ltd. (TSE Standard Section Code No. 2338) is a company headquartered in Kudankita, Chiyoda-ku, Tokyo, with a capital of 2.7 billion yen, mainly engaged in content development and contract development of distribution software. About FOMM Corporation FOMM is an R&D and design-oriented mobility company specializing in planning and developing compact mobility using innovative designs and technologies. FOMM has been designated as the OEM for the FOMM ONE EV. The company is based in Kanagawa Prefecture and was established in 2013 by Hideo Tsurumaki, who is a veteran engineer from Suzuki Motor Corp. and Araco Co., Ltd.
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Rider Dome to feature its revolutionary rider safety system in Giken Mobility's Iso-branded Electric Motorcycles
Giken Mobility and Rider Dome teams, alongside Iso UNO-X SINGAPORE, June 21, 2022 /PRNewswire/ -- Rider Dome, a Singapore startup providing motorcyclists with real-time alerts against critical threats on the road, is pleased to announce that it has recently partnered with Giken Mobility Ltd ("Giken Mobility"), the exclusive global licensee and manufacturer of the Italian heritage motorcycle brand, Iso ("Iso") owned by the family of Ferruccio Lamborghini, to feature Rider Dome's Advanced AI-based Rider Assistance technology in Iso's upcoming electric motorcycle. Rider Dome and Giken Mobility teams, alongside Iso UNO-X While Advanced Driving Assistance has already become a common practice in the four-wheeler industry and was found to reduce road accidents by 40%, the motorcycle industry still lags far behind. Giken Mobility and Rider Dome's partnership seeks to pioneer this change and accelerate the rate at which motorcyclists adopt this life-saving technology. The system will provide Iso riders with crucial alerts such as blind-spot alert, collision alert, safe distance alert, and more, giving riders the extra few seconds to react in the event of an emergency. In recent years, similar partnerships have placed Singapore at the forefront of innovation in the automotive space. Customers can expect to get a first glimpse of the Rider Dome powered Iso electric motorcycle at the International Cycle and Motorcycle Exhibition (EICMA) in Milan in November 2022. "We are excited about the partnership and confident that Rider Dome will provide Iso's riders with a new and safer riding experience. Iso is a perfect partner since it reflects the future of motorcycles which combine innovation along with practical and modern design," says Yoav Elgrichi, CEO of Rider Dome. Sydney Yeung, CEO of Giken Mobility, commented, "Today, riders aren't just looking for comfort and economical vehicles. What they are truly looking for is the vehicle that delivers the entire package. Customers want motorcycles that are great for the environment, machines that are designed to perfection, and above-all, technology that adheres to the highest safety standards. By partnering with Rider Dome, Iso will be one of the first few motorcycle brands in the industry to feature Advanced Rider Assistance designed specifically for motorcycles. We believe that embracing this essential technology will have a sizable impact on road safety for years to come." THE ISO BRAND Founded in 1939 under the name Isothermos, Iso is associated with the history of post-war enterprise in Italy. The company began making mopeds, motorcycles, and light four-wheeled vehicles in 1948. But the real turning point came a year later, with the launch of the motorcycle that was to become Iso's bestseller: the Isomoto. The Isomoto rapidly became one of the biggest competitors of the Vespa and the Lambretta on the Italian market in the '50s, churning out a hundred motorcycles a day. Thus, the Iso became a status symbol, still remembered by the generation that rode it and its fans, also thanks to a truly revolutionary, elegant invention: the Isetta city car. The Isomoto opened the way to mass production of motorcycles and motorbikes on a larger scale, until the company decided to start making cars only, from the GT300 to its last descendent, dated 1974. Iso has now been reborn thanks to the intuition of a young Italian entrepreneur named after his venerable grandfather, a household name all over the world: Ferruccio Lamborghini. In partnership with Giken Mobility, who provide the brand's high-tech heart, Iso is now producing innovative, even revolutionary new vehicles: the electric motorcycles. The historic griffin logo, a symbol of power and perfection, perfectly incarnates the values of the brand, now reborn in pursuit of innovation, research, sustainability, and Italian heritage. www.isomobility.comwww.riderdome.comFor any enquiries, please contact info@riderdome.com
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Hyundai Motor's IONIQ 6 Teased in Concept Sketch
Design concept sketch previews the aerodynamically-sculpted streamliner silhouette for the new EV era IONIQ 6's unique and timeless design to be fully unveiled later this month SEOUL, South Korea, June 21, 2022 /PRNewswire/ -- Hyundai Motor Company today revealed a design concept sketch of its highly anticipated IONIQ 6, the second model in Hyundai's IONIQ all-electric vehicle lineup brand. Hyundai Motor’s IONIQ 6 Teased in Concept Sketch The concept sketch depicts the unique and streamlined silhouette of the IONIQ 6. Inspired by the company's Prophecy concept EV, IONIQ 6 will be communicated as the Electrified Streamliner with clean, simple lines and a purely aerodynamic form. The streamliner design typology evident in the sketch reflects Hyundai designers' commitment to satisfy both aesthetic and functional needs of customers in the electric mobility era. The IONIQ 6 takes advantage of Hyundai Motor Group's Electric Global Modular Platform (E-GMP) to provide a stretched wheelbase and optimized interior design. In the coming days, additional IONIQ 6 teaser images will be revealed on Hyundai's official social media channels and IONIQ 6 Campaign Page (https://ioniq6.hyundai.com). Hyundai Motor will fully unveil both exterior and interior designs of its new electrified streamliner later this month. About Hyundai Motor Company Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Urban Air Mobility (UAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
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Vueron Technology has been approved LiDAR only autonomous vehicle permits from the California DMV
SAN JOSE, Calif., June 18, 2022 /PRNewswire/ -- LiDAR autonomous vehicle startup Vueron Technology ("Vueron") has succeeded to obtain an autonomous vehicle permit that uses only one LiDAR sensor that no one has yet tried in California, where the numerous autonomous vehicle companies are fiercely competing. Vueron California LiDAR only autonomous vehicle The California Department of Motor Vehicles approved LiDAR-only autonomous vehicle testing permits for Vueron. After that, it succeeded in driving 383 miles from Los Angeles to San Francisco via Interstate 5 and Interstate 580, for 6 hours at a maximum speed of 70mph. The safety driver who rode the vehicle for safety never held the steering wheel while a whole driving. 'LiDAR only autonomous driving permit' means Vueron is one big step closer to adapting LiDAR, which was expected to be expensive and difficult to apply, effectively to actual autonomous driving services and an everyday life Generally, diverse sensors are used at the same time for autonomous driving, but Vueron has implemented self-driving by utilizing only one LiDAR sensor and has verified its solution through its self-driving tests in a variety of roadway conditions and environments. The system of Vueron did not use any camera, radar, GPS, or HD Map, as it only implemented a self-driving system by using only one Spinning LiDAR sensor. Next quarter, Vueron expects to unveil the next generation of LiDAR autonomous vehicle platforms that can be worked on immediately based on its experiences and technologies of LiDAR. Vueron will provide customers with an affordable price for many people rather than a high price and with a safer driving system through the LiDAR autonomous vehicle platform, which is about to be released in the near future. Vueron has released a video of the actual self-driving from Los Angeles to San Francisco. Visitors can check Vueron's self-driving video which is the basis of the high LiDAR cognitive performance in this video. Visitors can also check more videos on Vueron's homepage. jwplayer.key="3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=" jwplayer('myplayer1').setup({file: 'https://mma.prnasia.com/media2/1841951/Vueron_Technology_Video.mp4', image: 'http://www.prnasia.com/video_capture/3791358_CN91358_1.jpg', autostart:'false', aspectratio: '16:9', stretching : 'fill', width: '600', height: '338'}); [About Vueron Technology] Vueron is building the next generation of LiDAR autonomous driving solution, differentiated from existing technology. Established in 2019, Vueron has provided a solution that enables autonomous driving services based on the company's AI technology and LiDAR. In 2020, it has already been the first in the world to obtain an autonomous driving permit with only one LiDAR sensor and prove self-driving services, and in 2022, it has obtained a self-driving permit by using one LiDAR sensor from the California DMV. Vueron is back by top-tier strategic partners and investors, including Naver(035420.KS), Korea Development Bank, Bonangels Venture partners, Daesung Private Equity(027830.KQ), and others. For more information, visit www.vueron.org.
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Europe Automotive Paints & Coatings Market revenue to exceed USD 2.72 Bn by 2026
According to a recent study from market research firm Graphical Research, the Europe automotive paints & coatings Market size is set to register a significant growth during the forecast timeframe. Europe automotive paints & coatings market forecast is primarily driven by changing customer tastes toward improving vehicle appearances. Because of the high depreciation rate of new vehicles, easy financing options, and much cheaper costs of used cars, there is a growing predisposition toward the acquisition of pre-owned cars, which is opening up new prospects from refinishing paint & coating applications. In order to create brand awareness and set a foothold in the industry, key industry players are focusing on various marketing strategies, including product development, mergers and acquisitions, and collaborations. PPG, for example, announced the acquisition of Cetelon Lackfabrik GmbH, a maker of automotive coatings and light truck wheels, in April 2021. The acquired firm develops and manufactures a wide range of wheel coating solutions, including proprietary technology. It has production and sales headquarters in Germany, from where it serves several of the world's top wheel suppliers. BASF SE, 3M, Axalta Coating Systems, PPG Industries Inc., AkzoNobel N.V., Sherwin-Williams Company, and Eastman Chemical Company are among the leading automotive paints & coatings companies in Europe. Germany automotive paints and coatings industry size is expected to reach USD 480 million by 2026. With significant manufacturing facilities, the nation is an automobile hub comprising of some leading automakers worldwide. The regional government is fully committed to environmental sustainability, with significant subsidies on electric car and plug-in hybrid vehicle sales, which are driving the automotive paints and coatings industry trends. According to the 2030 Climate Action Programme, the government intends to have up to 10 million EVs and 1 million charging stations on German roadways by 2030. Several EV incentives have been extended or introduced in order to meet this goal. The market share from the polyurethane-based coating is anticipated to expand at a rate of 6.5% CAGR through 2026 in Europe. Several automobile manufacturers employ polyurethane-based coatings because of their outstanding solvent resistance, weather ability, and mechanical characteristics. The matte texture accounted for $75 million share of Europe automotive paints & coatings market in terms of sales during 2019. This texture is popular due to its non-reflective and flat look, as well as sandy and rough textures. Several automobile manufacturers, including Lexus, Hyundai, and others, are providing matte textures on recently released vehicles, including Lexus' special edition GS F and RCF. The preference for this texture is increasing amongst consumers in the automotive aftermarket, where several participants are offering custom matte-paint jobs. Europe automotive paints & coatings industry share from the powder coating technology is anticipated to expand at a significant rate of about 5.6% CAGR up to 2026. Because of its excellent quality, cost-effectiveness, environmental friendliness, rapid paint applicability, convenience of use, as well as the refinement of paint application methods, powder coating technology is a preferred choice for a range of automotive part end-use applications. The customer inclination toward sustainable powder coating technologies and products is growing. In 2020, PPG released a number of ecologically friendly new products, such as the PPG ENVIROCRON HTE Max severe corrosion polyester powder topcoat, which protects large truck wheels as well as agricultural, heavy-duty, and industrial equipment. Several regional economies like Russia, France, and others, are experiencing a significant rise in new passenger car sales. Automobile manufacturers have transitioned from conventional gasoline to electric-powered car production, and significant expenditures in this endeavor are major future developments in the automotive sector. Ford stated in February 2021 that it will invest around USD 1 billion to achieve electrified passenger car manufacturing by 2030. Owing to the growing number of car registrations, the passenger car segment is expected to account for a substantial share of the automotive paints and coatings industry in Europe through 2026. Source: https://www.graphicalresearch.com/industry-insights/1940/europe-automotive-paints-coatings-market
