Senmiao Technology Announces Approximately 1.8 Million Completed Rides on its Ride-Hailing Platform in April 2021
Hyundai Motor and UNDP Accelerator Labs Present Worldwide Sustainable Solutions from Thirty Countries 'for Tomorrow'
MiX Telematics joins National Road Safety Week 2021 as a Major Sponsor
Enterprise Expands Across APAC, EMEA and LAC as Part of Company's Continued Investment in Global Network
EZGO Expands Portfolio of Products with The Launch of Its First Range-Extended E-Scooter in China: The "Cenbird"
Yadea Helps Reduce Carbon Dioxide Emissions by 30 Million Tons
E-mobility in passenger transport: new BENTELER platform for minibus segment
Rickard Gustafson to join SKF on 1 June 2021
Senmiao Technology Announces Cooperation with Travelgo.com
Konrad Technologies Commended by Frost & Sullivan for Its Scalable and Configurable Sensor Fusion Hardware-in-the-loop Test Solutions
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI, April 27, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on April 27, 2021, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or 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 Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, 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 engages car buyers through a nationwide dealer network. The Company's services primarily consist of automotive financing facilitation, car trading transactions, and after-market services facilitation. By utilizing its competitive advantages in technology, data insights, and cloud-based infrastructure, Cango is able to connect its platform participants while bringing them a premium user experience. Cango's platform model puts it in a unique position to add value for its platform participants and business partners as the automotive and mobility markets in China continue to grow and evolve. For more information, please visit: www.cangoonline.com. Investor Relations Contact Caesar CaoCango Inc.Tel: +86 21 3183 5088 ext.5581Email: firstname.lastname@example.org Emilie WuThe Piacente Group, Inc.Tel: +86 21 6039 8363E-mail: email@example.com
Hyundai Motor Takes Sport Utility Performance to the 'N'th Degree with the All-New KONA N, a 'True Hot SUV'
- The all-new KONA N is the latest addition to high-performance N Brand and its first 'True Hot SUV' possessing racetrack capability and the versatility of a utility vehicle - Hyundai Motor is expanding the N and N Line lineup to 18 models through 2022 - Hyundai Motor looks to build upon its success with N brand in e-performance possibly with BEV and hydrogen fuel cell powertrains - Hyundai N also announced its new brand claim 'Never just drive' SEOUL, South Korea, April 27, 2021 /PRNewswire/ -- Hyundai Motor Company today unveiled the all-new KONA N as well as its high-performance philosophy and ambition for sustainable driving fun at Hyundai N Day, a digital showcase dedicated to introducing Hyundai's N Brand. Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8889051-hyundai-motor-kona-n-sport-utility/ KONA N is not only the latest addition to Hyundai's growing high-performance N lineup but is also the first N model with an SUV body style. It offers a winning combination of versatility, spirited acceleration, agility and racetrack readiness. Through the showcase, the company also shared N brand's high-performance philosophy and introduced a new brand claim while also hinting at future N models in the pipeline. Hyundai also highlighted its commitment to sustainable e-performance, giving a glimpse of the future direction for motorsport initiatives and how it will serve as a basis for upcoming N models. "We are thrilled to share the mindset, spirit and vision of the N brand to be a leader in the high-performance category powered by traditional internal combustion engines as well as our proven industry-leading battery electric and fuel cell electric vehicle technologies," said Thomas Schemera, Executive Vice President and Head of Customer Experience Division at Hyundai Motor Company. "Our continuously growing and more balanced N portfolio will open new high-performance options, delivering the 'grin factor' no matter what the propulsion technology or body type may be." Powerful, agile performance With technology inspired by motorsports, the N brand excels at delivering driving enthusiasm by providing racetrack capabilities and 'corner rascal' ride and handling in everyday sports cars. The all-new KONA N SUV unveiled at Hyundai N Day is no exception. More information about Hyundai Motor and its products can be found at: http://worldwide.hyundai.com, http://globalpr.hyundai.com or http://hyundai-n.com.Related Links :http://worldwide.hyundai.com
GWM Full-size Pickup Unveiled at Auto Shanghai 2021, Reputed as Top Notch Luxury Off-road Vehicle
BAODING, China, April 26, 2021 /PRNewswire/ -- On April 19, the first full-size luxury pickup of GWM made its global debut at Auto Shanghai 2021. After the POER, the new model is another masterpiece based on the new professional off-road platform of GWM. GWM POER at Auto Shanghai 2021 The GWM full-size pickup is about 6m long and 2m wide with an impressive look. The front bumper looks like unruly and noble, together with a enormous front grill and square head light, which make a perfect match, showcasing power and superiority. The rear part is designed with trendy through-body split-style taillights, looking sharp and strong. The new model has the world's first front and rear double-wishbone independent suspension systems and 3.0T V6+9AT/9HAT super powertrain. Thus, it can achieve electromagnetic shock absorption in milliseconds, and deliver an experience just like flying on the ground. As the pinnacle of Chinese pickup, it is independently developed by GWM. The full-size pickup is the manifestation of GWM's 20 years of technical experience and boasts excellent off-road performance, comfort and luxury. GWM pickup has been ranking first in domestic and export sales for 23 consecutive years, and its number of users worldwide has exceeded 1.9 million, ranking No. 1 in China, and among Top 5 in the world. In December last year, GWM POER was officially launched overseas. By virtue of superb performance and features catering to market demands, it won a number of authoritative media awards abroad within three months of its launch. It will help GWM pickup achieve the goal of ranking No.1 in global sales by 2025. Therefore, to accelerate the pace of globalization, GWM has established a "12+5" global production system, including 12 major vehicle production bases with all necessary techniques and 5 KD factories. Its global R&D system has spread across Europe, North America and Asia, forming a "10 sites in 7 countries" R&D pattern, with R&D centers in Japan, USA, Germany, India, Austria and South Korea. As for sales network, a network of more than 500 dealerships has been established in more than 60 countries around the world. Andrew, GWM pickup Design Director of GWM, said "As technology develops, market shifts and more users start to accept the series, GWM pickup will present a more enriched design language". In the process of globalization, GWM will take into account the characteristics of different markets, assign professional R&D teams from different backgrounds, conduct in-depth market research and analysis in advance, continuously innovate products according to the needs and expectations on each market, and create models that meet the diversified needs of global users.
Volvo Group China Hosts Seminar on Sustainable Development and Introduces "Greener Future with Smaller Carbon Footprint" Project
YA'AN, China, April 26, 2021 /PRNewswire/ -- Recently, Volvo Group China hosted a seminar on sustainable development and a series of activities on-site at the location of its "Greener Future with Smaller Carbon Footprint" Giant Panda Habitat Restoration and Afforestation Project, which was launched with Beijing Entrepreneur Environmental Protection Foundation in December last year. During the seminar, Volvo Group together with its close business partners, ecological institutions, and media representatives exchanged views on the practices of emissions reduction and sustainable development for creating an ecologically friendly society. A joint initiative to build a sustainable future for transport and infrastructure industry was launched. Liu Lunbin, Deputy Director of Ya'an Forestry Bureau, Shi Huazhi, Deputy Mayor of Yingjing County Government, Yang Hong, Director-General of the Administrative Bureau of Daxiangling Nature Reserve, Zhang Li, Secretary-General of Beijing Entrepreneur Environmental Protection Foundation, Yang Biao, Deputy Secretary-General of Beijing Entrepreneur Environmental Protection Foundation, Inge Zhou, Vice President, Corporate Communications Volvo Group China and representatives of different business areas from Volvo Group attended the event. In recent years, "Green development" has become a focus of global concern, and China has also set its target to reach peak emissions before 2030 and be carbon- neutral by 2060. Measures have been in place to tackle problems such as climate change and improve environment protection during the "14th Five-Year Plan" period. Volvo Group's sustainability strategy focuses on "Climate", "Resource" and "People", which is implemented throughout its value chain from R&D, procurement, production, operation, and services, to its up- and downstream business partners to realize low-carbon and environmentally friendly sustainable development. The Greener Future with Smaller Carbon Footprint project is Volvo Group China in response to the Climate action goal (No. 13) of United Nations Sustainable Development Goals (SDG) Goals. "The 'Greener Future with Smaller Carbon Footprint' project that we collaborated with the Volvo Group is a critical step to promote environmental protection and practice green and low-carbon development. It also manifested the Volvo Group is taking responsibility in sustainable development through close collaboration with its chosen partners.," said Zhang Li, Secretary-General of Beijing Entrepreneur Environmental Protection Foundation. "We hope that more enterprises and institutions will join us in promoting zero-carbon and green transformation in industrial clusters and work together for the green transformation of the industry." Partners along the industrial value chain and environment-sector gathered and called on a sustainable and better future. In the seminar, Volvo Group China's key stakeholders gathered to discuss their practices and explorations into the field of low-carbon and sustainable development. The panelists present were from manufacturers, dealers, customers, environmental protection organizations and media partners. They shared effective measures of low-carbon environmental protection, energy saving and consumption reduction in their respective fields and discussed the opportunities and challenges of sustainable development of transportation and infrastructure industry. "Volvo Group has always been committed to promoting sustainable development of economy, society and the environment through offering resource-friendly transportation and infrastructure solutions," said Inge Zhou, host of the panel. "We hope to work with our business partners to raise the awareness of reducing carbon emissions and protecting the environment, continue green innovations and transformation, and promote the sustainable development of the industry while taking responsibilities for our carbon footprint." Panelists (from left): Inge Zhou, Vice President of Corporate Communications of Volvo Group China, Cao Weiguo, Chairman of Zhejiang Liyang Machinery Co., Ltd., Denny Shen, General Manager of Volvo Penta China, Bradley Sun, Director of Quality, Environment and Safety of Volvo Construction Equipment Shanghai Plant, Lai Shiqian, General Manager of Chengdu Kaiterui Transportation Co., Ltd., Yang Biao, Deputy Secretary-General of Beijing Entrepreneur Environmental Protection Foundation, Yang Haiyan, Senior Journalist of Yicai At the end of the seminar, all participants called on actions for a better tomorrow by launching a joint Initiative to "Build a Sustainable Future for Transport and Infrastructure Industry", Be a doer in low-carbon development! Let us commit to delivering long-term benefits of a sustainable business model and taking actions for a better and sustainable future! Be a cooperator of low-carbon development! Let us work with all stakeholders to promote sustainable practices in the transport and infrastructure industry! Be an ambassador of low-carbon development! Let us communicate the low-carbon and sustainable development concept and take real actions and install performance in all aspects of our operations!" Participants together opened the scroll of “A Joint Initiative to Build a Sustainable Future for Transport and Infrastructure Industry” Go deep into the Volvo Group Giant Panda Habitat Restoration Pilot Area and experience ecological protection activities. On April 22, Mi Ruirong, Chairman of Alashan SEE Tianfu Project Center, Xiao Nan, Secretary-General of Alashan SEE Tianfu Project Center, Zhang Li, Secretary-General of Beijing Entrepreneur Environmental Protection Foundation, and Yang Hong, Director of the Administrative Bureau of Daxiangling Nature Reserve, and Volvo Group representatives went to Sichuan Daxiangling Nature Reserve together, where they gained a deeper understanding of scientific and social measures taken for environmental protection . In the end, the group went uphill in the reserve planting aboriginal trees that will help create a suitable habitat for giant pandas. Representatives jointly witnessed the official unveiling of the project sign Volvo Group's "Greener Future with Smaller Carbon Footprint" project is located in the giant pandas' major dwellings in Daxiangling Mountains of the Sichuan Province. Under the project, more than 16,000 indigenous trees are planted in the pilot area while about 20 hectares of giant panda habitat will be restored. These efforts seek to create a favorable ecosystem for giant pandas and other fauna, contributing to wider biodiversity, greater ecological balance, and better water and soil conservation. Projected to last 30 years, this major undertaking will also contribute to carbon reduction through carbon assimilation and oxygen production, promoting a harmonious coexistence between human and nature. Volvo Group, as a signatory of the United Nations Global Compact, the partner of the WWF's Carbon Emission Reduction Pioneer Project, and the supporter of the United Nations 2030 Agenda for Sustainable Development, has its sustainable development strategy that is closely integrated with the United Nations Sustainable Development Goals (SDGs). In the next stage, Volvo Group China will continue to actively implement sustainable development projects, calling on more parties in the industry chain and employees to participate in carbon emission reduction actions, enhance environmental awareness and action, and continue to promote the green carbon reduction journey. The future of our civilization rests on the health of our environment, so urgent action is needed. Volvo Group hopes that as the "Greener Future with Smaller Carbon Footprint" project steadily expands, it will help industry peers and members of the public recognize the need for environmental protection, for reducing carbon-heavy development, for preserving an ecology with vibrant and diverse species and for creating a future society that is both green and prosperous for all living beings.
EVLOMO and Rojana to invest $ 1.06 billion for setting up 8 GWH Battery plant in Thailand
MIAMI, April 24, 2021 /PRNewswire/ -- EVLOMO Incorporated and Rojana Industrial Park Public Co., Ltd. (ROJNA) announced plans to setup 8 GWH Lithium Battery plant in the EEC of Thailand. Together, the companies will invest up to a total of $ 1.06 billion through a new joint venture company. In this new JV company, Rojana Industrial Park Public Co., Ltd. would own 55% shares and balance 45% would be owned by EVLOMO Incorporated. The battery plant will be on a greenfield manufacturing site at Nong Yai, Chonburi, Thailand that will create more than 3,000 new jobs and bring required technology to Thailand, as achieving self-reliance in battery manufacturing is critical to Thailand's ambitious EV plans ahead. The collaboration brings together Rojana, leader from industrial estate development sector of Thailand and with EVLOMO, leader in electric mobility in Thailand to develop and produce technologically advanced batteries. The battery plant will establish Nong Yai as an EV hub of Thailand and ASEAN region. The technological aspect of the project will be led by Dr. Li Qiyong & Dr. Xu, who would bring state-of-the-art technology to design and produce the lithium batteries in Thailand. Dr. Li Qiyong, Former VP of LG Chemicals (Korea) battery research and development has more than 20 years of experience in manufacturing and management of lithium-ion batteries/lithium-ion polymer batteries and published 36 papers in international journals, 29 Authorized patents, 13 patent applications (under review). Dr. Xu, responsible for new materials, new technology development, new product applications for one of the top 3 battery producing companies of the world and has 70 invention patents and published more than 20 academic papers. In the first stage both parties will setup 1 GWH plant with an investment of USD 143 Million in 18-24 months. Groundbreaking is expected to take place in 2021. The batteries will be for electric four-wheelers, buses, heavy vehicles, two-wheelers, and energy storage solutions for Thailand and overseas markets. "EVLOMO is honored to have a collaboration with Rojana. In the field of advanced EV battery technology, EVLOMO expects this collaboration will be one of the memorable moments for putting the adoption of EV forward in Thai and ASEAN market," said CEO Nicole Wu. "The investment will play the role of vitalizing the EV industry in Thailand. We look forward to Thailand becoming a global hub for R&D, manufacturing and adoption of advanced energy storage and EV technologies in entire South-East Asia," said, Dr. Kanit Sangsubhan, Secretary General from Eastern Economic Corridor (EEC) Office was also present at the signing event. Direk Vinichbutr, President of Rojana Industrial Park Public Co., Ltd. said, "The EV revolution is taking the country by storm and we are happy to be a part of this change. This association with EVLOMO will enable us to deliver globally competitive products. We look forward to a strong and fruitful association." For more information on EVLOMO please visit www.evlomo.com and contact at firstname.lastname@example.org. Logo - https://mma.prnasia.com/media2/1447914/evlomo2d_Logo.jpg?p=medium600 Related Links :https://www.evlomo.com
GWM Designers decode design secrets of New Models Unveiled at Auto Shanghai 2021
SHANGHAI, April 24, 2021 /PRNewswire/ -- On April 19, Great Wall Motors (GWM) unveiled several new models and concept cars at Auto Shanghai 2021. Specifically, HAVAL family introduced HAVAL JOLION and 3rd Gen HAVAL H6. GWM PICKUP upgraded full-size pickup. TANK officially announced the fifth brand of GWM. On the spot, we had the honor to hear Raul Pires Junior, SVP of Design for GWM and Andrew Collinson, Head of Design In GWM, sharing their insights on global automotive design trend and decoding design philosophy of GWM vehicles. GWM Designers decode design secrets of New Models Unveiled at Auto Shanghai 2021 User experience oriented and differentiated design language At this exhibition, GWM launched a new brand-TANK. Together with the existing brands, GWM becomes the automaker that owns five brands. In view of how to stand out from rivals while maintaining its own brand identity, as well as how to defederate design among the five major brands, the master of design will have to indicate the direction for future designing. To answering this question, Raul Pires Junior noted that each brand needed to establish its own system based on its values, segment market and target consumer group. To achieve these goals, each brand needs to establish a specific system. GWM's secret is pursuing ultimate user experience, listening to consumer feedback, leveraging professional styling language, carefully shaping customer personalities and increasing quality perception of each band through ingenious design. Different bands are born to cater for the needs of different consumer groups. In this sense, each brand will have to differentiate design language. For HAVAL, we want it to be more youthful. Besides, we also wish it being able to reflect the direction in the mind of the customers via a unique styling language. Global aesthetics to meet diversified consumer needs As a global enterprise, GWM faces different customers from the global market. The key lies in how to meet diversified user needs from various countries. Regarding to this subject, Raul Piers Junior said, "what is very good inside GWM is we have several teams and groups representing each project that we work, and they feed the design with their requirements and their wishes from each local customer. Other than that, GWM has a special team to gather automotive design trends to enable the brand to keep up with the latest trend and always stay in the front of design concept. " Innovative pickup design DNA and lifts products to a premium level At Auto Shanghai 2021, GWM released the first full-size pickup, which attracted wide attention from all walks of society. How to enhance the luxury feeling in pickup design and upgrade its value perception are the key to boost the consumption of pickup. The design concept is to make pickup popular. "We are picking up some of the luxury and sculpture and add such elements into the design of pickup. The beautiful design also transfers from the exterior to the interior, where we are offering an unsurpassed level of luxury materials. From the wheel to the front bumper, we have clean design and nice sculpture that bring life and three dimensionalities," said Andrew, GWM PICKUP Design Director of GWM, "The all-new pickup features a more luxury design style and it will be the DNA of future GWM PICKUP design direction." Meanwhile, as technology develops, market shifts and more users start to accept the series, GWM PICKUP will present a more enriched design language. GWM has been kept abreast with the times, taken user experience as the core, and maintained an international team. Thanks to these efforts, it starts to create its own unique design language and style step by step. At the same time, GWM has diversified users demands of different markets into the brand's overall design consideration. This has become a pillar of GWM's global strategy in various global markets.
Financial Report January - March 2021
STOCKHOLM, April 23, 2021 /PRNewswire/ -- (NYSE: ALV) (SSE: ALIV.sdb) Q1 2021: Good progress in sales, profits, balance sheet Financial highlights Q1 2021 $2,242m net sales 17.9% organic sales growth* 10.6% operating margin 10.6% adjusted operating margin* $1.79 EPS - an increase of 108% $1.79 adjusted EPS* - an increase of 103% Full year 2021 indications Around 23% net sales growth Around 20% organic sales growth Around 10% adjusted operating margin Key business developments in the first quarter of 2021 Strong organic sales growth*, fueled by good performance in all regions. Sales increased organically by 17.9%, outperforming global LVP by more than 4pp (according to IHS Markit April 2021) despite adverse geographical mix effects as LVP grew strongly in lower CPV markets. All regions outperformed LVP by 6-23pp driven by launches and positive vehicle mix. Our order intake was in line with a year earlier. Strong improvement in operating income, driven by strong sales growth and continued cost control. Adjusted operating margin* improved by 3.2 pp to 10.6%. RoCE improved to 26.3%. Strong cash flow and strengthened balance sheet. Operating cash flow increased to $186m and free cash flow* grew to $93m. Net debt* declined substantially and our leverage ratio* of 1.4x is now inside our target range of 0.5x-1.5x. *For non-U.S. GAAP measures see enclosed reconciliation tables. All change figures in this release compare to the same period of previous year except when stated otherwise. Key Figures (Dollars in millions, except per share data) Q1 2021 Q1 2020 Change Net sales $2,242 $1,846 21% Operating income $237 $134 77% Adjusted operating income1) $237 $136 74% Operating margin, % 10.6 7.3 3.3pp Adjusted operating margin, %1) 10.6 7.4 3.2pp Earnings per share, diluted2, 3) $1.79 $0.86 108% Adjusted earnings per share, diluted1, 2, 3) $1.79 $0.88 103% Operating cash flow $186 $156 19% Return on capital employed, %4) 26.3 14.5 11.8pp Adjusted return on capital employed, %5) 26.3 14.6 11.7pp 1) Excluding costs for capacity alignment. 2) Assuming dilution when applicable and net of treasury shares. 3) Participating share awards with right to receive dividend equivalents are (under the two-class method) excluded from the EPS calculation. 4) Annualized operating income and income from equity method investments, relative to average capital employed. 5) Annualized operating income and income from equity method investments, relative to average capital employed. Non-U.S. GAAP measure, see reconciliation table. Comments from Mikael Bratt, President & CEO The COVID-19 pandemic is still affecting us in several ways and our first priority remains the health and safety of our employees. The industry is experiencing adverse business effects, with a supply-demand imbalance of certain input materials such as steel, chemicals and semiconductors. Temporary shortages of these materials limited the light vehicle production in the first quarter and we expect this situation to continue in the second and third quarter of this year. In this tough environment, I am proud that the Autoliv organization delivered a strong first quarter performance where we saw high sales growth and a significant improvement in profitability compared to the first quarter in both 2020 and 2019. I am also pleased that we continued to generate a strong cash flow, that our net debt declined further, and that our leverage ratio is now back inside our target range. Our progress in the past few quarters strengthens our confidence in the journey towards our medium term targets and our opportunities to create shareholder value. Our sales outperformed the global light vehicle production organically by more than 4pp in the quarter, despite adverse geographical mix effects as LVP mainly grew in lower CPV markets. Driven by new launches and positive vehicle mix our sales outperformed LVP significantly in all regions. Supported by new and recent vehicle launches such as Jeep Grand Cherokee L, Mitsubishi Outlander and Peugeot 308, we expect to outgrow LVP by mid-single digits in 2021. We are still in an uncertain environment and we continue to face challenges in 2021. We expect adverse cost development from rising raw material prices throughout 2021. We remain focused on responding to sudden changes in light vehicle production with agility and flexibility. Despite increased industry wide supply chain challenges, we are pleased to be able to reiterate our full year guidance of around 20% organic sales growth and an adjusted operating margin of around 10% as we expect effects of the supply chain challenges to be balanced with positive sales mix and cost reduction actions. We can see that our strategic initiatives gradually are yielding good results, and we expect 2021 to be a solid stepping stone towards our 2022-24 targets which include a significant growth above light vehicle production as well as a solid adjusted operating margin increase. Inquiries: Investors and Analysts Anders TrappVice President Investor RelationsTel +46 (0)8 5872 email@example.com Henrik KaarDirector Investor RelationsTel +46 (0)8 5872 firstname.lastname@example.org Inquiries: Media Gabriella EkelundSenior Vice President CommunicationsTel +46 (0)70 612 6424 email@example.com Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on April 23, 2021. This information was brought to you by Cision http://news.cision.com https://news.cision.com/autoliv/r/financial-report-january---march-2021,c3332200 The following files are available for download: https://mb.cision.com/Main/751/3332200/1406387.pdf The full report (PDF)
Jetour X70 PLUS' livestream achieves great success during the Shanghai Auto Show
SHANGHAI, April 22, 2021 /PRNewswire/ -- On April 20, 2021, Jetour, from Chery Commercial Vehicle, began their first livestream on Facebook to showcase their series of vehicles at the Shanghai Auto Show. The livestream was part of Jetour's appearance at the show, which also featured the online event "Who is Your Hero?" and interactions between Jetour and international industry leaders. During the livestream, Jetour invited President of Chery Holding ZHOU Biren and General Manager of Jetour International CHEN Jiacai to talk about Jetour's current situation and future market strategy. As part of the discussion, they noted that Jetour is committed to providing more families around the world with attractive automobile solutions with plenty of space, functionality, and technology. They also invited potential global partners to join Jetour in becoming a travel+ market subverter. Also appearing on the livestream were various social media influencers to demonstrate the multiple ways in which the X70 Plus stands out in the international vehicle market. Jetour X70 Plus is a newly designed automotive experience that combines fresh style with power. With the service concept of "everything is user-centered", Jetour has provided a new way of smart, safe, and convenient travel with the X70 Plus. This latest addition to the Jetour product series helps Chery strengthen their strategic position in the travel+ market. Contact Information: Chery Commercial Vehicle (Anhui) Co., Ltd. Building 8, Science and Technology Industrial Park, No. 717, South Zhongshan Road Yijiang District, Wuhu City, Anhui Province, China Zhang Peng Tele: +8615755339921 Email: firstname.lastname@example.org Website: www.cherycv-global.com
Porsche Korea Announces 2020 Business Performance and Brand Growth Strategy for 2021
Porsche Korea (Holger Gerrmann, CEO of Porsche Korea Ltd.) held the ‘Open House Media Day 2021’ at the new Porsche Korea office located in Parnas Tower, Gangnam-gu, on the 22nd, and presented its successful business performance in 2020, when Porsche entered the era of E-mobility with the Taycan, along with its future brand growth strategies. The event began with a video of Porsche preparing for sustainable mobility, in commemoration of ‘Earth Day’. “2020 was an extraordinary year with all kinds of challenges, but it was also a record year for Porsche Korea, as we celebrated with our customers and fans the arrival of a wide range of new Porsche Sports Cars,” said Holger Gerrmann, CEO of Porsche Korea, adding that, “2021 is a year of change for Porsche Korea, having entered the E-mobility era with the launch of the Taycan, and where in the new office we lay the foundation for the brand’s sustainable growth.” Executives from each department, including the CEO of Porsche Korea Holger Gerrmann, attended the event to give an outlook on the business plans for 2021 based on the global ‘Strategy 2030’, including new car launches, expansion of dealer networks and charging infrastructure, as well as the company’s mid- to long-term social contribution activities. CEO Holger Gerrmann stated that, “In 2020, Porsche Korea sold a very significant total of 7,779 units, ranking 5th among all Porsche markets, and recorded the highest performance since its establishment,” and added, “last year was a milestone, as more exciting new products that reflect the brand’s future drivetrain strategies of ‘efficient petrol-engined cars’, ‘high-performance hybrids’, and ‘purely electric models’, were all introduced.” Porsche Korea also had a fast start into 2021 selling 2,573 units in the first quarter, up 86.7 percent year-on-year, laying the foundation to continue the sustainable growth path. In particular, on this day, Porsche Korea emphasized that it will continue to actively invest in the Korean market with the Porsche ‘Strategy 2030’ which sets a pioneering course for the future, by focusing on 6 strategic topics: customers, products, sustainability of actions, digitalization, organisation and transformation. In addition to the 718 GTS 4.0 and the Panamera facelift model which were launched earlier this year, Porsche Korea plans to launch the Taycan Turbo S, Turbo, and the rear-wheel drive model, sequentially, to further strengthen the Taycan lineup. Moreover, it will build an attractive product portfolio such as a limited-edition anniversary model, the Boxster 25 Years, the GT model 911 GT3 with motorsport technology, and the top performing Panamera Turbo S E-Hybrid and 718 Cayman GT4. Porsche Korea is also preparing for the domestic launch of the Taycan Cross Turismo. The Taycan Cross Turismo is not only Porsche's first CUV (Cross Utility Vehicle) model but is also already the second 100 percent pure electric vehicle to be introduced after the Taycan. Porsche Korea is systematically pursuing a sustainable mobility strategy by sequentially introducing the 4, 4S, and Turbo models of the Taycan Cross Turismo in Korea. Porsche continues to pursue sustainability in terms of job security and job creation. Throughout the various Porsche businesses, approximately 866 people are already employed in Korea, and the number of highly skilled employees in our network has increased by 105 percent over the past seven years. In particular, Porsche Korea focuses on ‘Customer Care’ to provide further differentiated premium services in line with the rapid growth of the brand. The company is opening a new Porsche PDI (Pre-Delivery Inspection) to respond faster to customer demand and further improve vehicle quality. With the dedicated PDI centre which can accommodate 1,000 vehicles per month, Porsche Korea plans to make the receiving and shipping process for customers’ vehicles easier, as well as increase customer satisfaction by meticulously checking the condition of the vehicles. In addition, Porsche Korea opened the first Porsche service centre in Jeju this April and is also planning to open a sales pop-up store in Jeju within the second quarter. In the first half of the year, the company is preparing for the renovation of the ‘Porsche Centre Daechi’, which was the first Porsche showroom in Korea, and in the second half of the year, it will open new showrooms in Songdo, Incheon and Bundang, Gyeonggi-do, and also relocate and expand the Daegu service centre to further strengthen its dealer networks. Since 2017, Porsche Korea has contributed a total of 2.6 billion KRW of donations through the ‘Porsche Do Dream’ CSR Campaign with 1.49 billion KRW alone in 2020, which reflects the values of ‘dream’ and ‘passion’ that Porsche pursues, fulfilling the company's social responsibilities and roles. This year, the company plans to introduce an even wider range of social contribution activities, including the ‘Porsche Do Dream Fill the Space’, a program that supports the performing arts, as well as culture, education, sports, and the environment. In addition, Porsche Korea arranged the ‘Do Dream Safe Fund’ to overcome COVID-19 with its authorized dealer partners and continue to carry out authentic CSR campaigns that can immediately help community members in need. Representative Director/CFO of Porsche Korea, Christian Nater stated, "Porsche Korea is preparing for a new leap forward through a corporate culture of open cooperation and communication, as well as efforts to co-prosper with the Korean society," and added, "Parnas Tower, where Porsche Korea's new office is located, acquired LEED Gold certification, matching the sustainability value of the Porsche brand in terms of energy efficiency." Meanwhile, Porsche Korea's new office, located in Parnas Tower, supports a flexible and collaborative work environment through a space that reflects the innovative Porsche Spirit and interesting brand history, including Porsche Places and Porsche Racing Colors. In particular, the company introduced the Porsche Group's first smart office with no fixed seat assignments.
Airbiquity and NXP Expand Technology Collaboration to Address Automaker Challenges with Managing Software and Data for Intelligent Connected Vehicles
Together the Companies Deliver Efficient, Secure, and Highly Scalable Automotive Software Updates and Data Management SEATTLE, April 22, 2021 /PRNewswire/ -- Airbiquity®, a global leader in connected vehicle services today announced the expansion of a multi-year technology collaboration with NXP Semiconductors to pre-integrate and demonstrate efficient, secure, and highly scalable automotive software updates and data management for intelligent connected vehicles. The latest integration effort between the two companies showcases essential vehicle-wide support for evolving software-defined vehicles using Airbiquity over-the-air (OTA) software update and data management services, a NXP service-oriented gateway serving as the primary ECU, and additional NXP automotive processing platforms serving as secondary domain ECUs. As the automotive industry continues to evolve the importance of software and data is increasing along with the management challenges for automakers. Addressing these challenges requires a combination of a leading OTA software and data management solution combined with high-performance vehicle network processors optimized to handle high-speed data traffic. Airbiquity and NXP accomplish this by pre-integrating the most recent versions of the Airbiquity OTAmatic® software update and data management platform with the NXP S32G2 vehicle network processor platform to provide centralized in-vehicle software and data management orchestration - including support for the Uptane automotive security framework. Additional NXP automotive processing platforms serving as secondary domain ECUs are an i.MX 8QuadMax platform for the head unit, an i.MX 6Quad platform for the instrument cluster, a S32K148 for body control, and a S32S247TV platform for EV/powertrain control. "Airbiquity's OTAmatic solution was specifically designed to enable over-the-air software updates and data collection services for every ECU in a vehicle" said Keefe Leung, Airbiquity Vice President of Product Management. "We have simultaneously shown the flexibility of our solution to address all of our customers' needs and expanded our partnership with NXP, a leader in supplying processors for the automotive industry, by pre-integrating OTAmatic with a variety of their most popular platforms." "NXP's latest collaboration with Airbiquity addresses the need to extend OTA services and data management across intelligent connected vehicles to help fuel today's software-driven automotive digital transformation" said Brian Carlson, Global Marketing Director for Vehicle Control and Networking Solutions at NXP. "With OTAmatic pre-integration across a wide range of NXP automotive processing platforms we can help accelerate vehicle-wide integration efforts and create more opportunities for automakers to bring new vehicle services to the market more quickly." To view the latest Airbiquity-NXP technology integration demonstration visit https://youtu.be/VhH4TdtZASw To learn more about Airbiquity and OTAmatic visit www.airbiquity.com To learn more about NXP and S32G2 vehicle network processors visit www.nxp.com/vnp 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. Media Contact: Zach Pickett email@example.com Logo - https://mma.prnasia.com/media2/177305/airbiquity_logo.jpg?p=medium600Related Links :http://www.airbiquity.com
Veoneer, emotion3D and AVL develop personalized restraint control technology - a new level of automotive safety
STOCKHOLM, April 22, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), emotion3D, a leading pioneer in camera-based in-cabin monitoring software solutions, and AVL, a global leader in automotive development, testing and simulation, today announced their collaboration to develop the world's first personalized and situation-aware restraint control technology system. Current passive safety systems, such as airbags follow a "few-sizes-fit-all" development approach and thus perform best for a small number of specified body physiques – the most common one is the "average male": 175 cm, 78 kg. This is suboptimal for everybody who deviates from these averages – children, elderly people and even woman. A study conducted by the University of Virginia found that seatbelt-wearing female occupants are 73% more likely to suffer from serious injuries than seatbelt-wearing male occupants. As long as passive safety systems cannot distinguish between the occupant's individual characteristics it is impossible to achieve optimal protection for everybody. The "Smart-RCS" project is conducted within the European Commission's Horizon 2020 Fast Track to Innovation funding program. Over the next 24 months, the project partners will develop an innovative restraint control system able to personalize the actions of passive safety systems in event of a crash. Using a 3D sensor for understanding the vehicle interior, the system will consider a wide range of relevant, personal and situational factors such as body physique, position and pose, weight and gender. "Smart-RCS will provide personalized and situation-aware protection for everybody. This is an important step to increase safety for everyone in the car," says Tom Herbert, Product Director at Veoneer. "The project consortium combines all expertise required to build such a ground-breaking innovation and to make it ready for automotive production." says Florian Seitner, CEO of emotion3D. "The introduction of personalized restraint control systems will require to break new ground also in terms of testing and validation methodologies. "We at AVL are excited to contribute our technology and expertise in automotive testing and validation to this project." says Theodor Sams, Head of Research and Innovation at AVL. Learn more on the project's web site: www.smart-rcs.eu For more information please contact: Thomas Jönsson, EVP Communications & IR, firstname.lastname@example.org tel +46 (0)8 527 762 27 Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB). Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.. This information was brought to you by Cision http://news.cision.com https://news.cision.com/veoneer/r/veoneer--emotion3d-and-avl-develop-personalized-restraint-control-technology---a-new-level-of-automo,c3330646 The following files are available for download: https://mb.cision.com/Main/17380/3330646/1405292.pdf Release
motormindz Expands Global Industry Consulting Presence to over 32 countries for "Boots on the Ground" Expertise
TROY, Mich., April 22, 2021 /PRNewswire/ -- motormindz, Inc., the automotive industry's premier venture consultancy, today announced a strategic global expansion to over 32 countries across North and South America, the UK, Europe, the Middle East, Africa, and the Asia Pacific regions. "This move is a key component of our global strategic plan and marks the transition from the formation of geo focused strategic partnerships, to a formalized infrastructure aimed at providing a single-source, end-to-end global solution for our clients," said Jeff Van Dongen, CEO of motormindz. The global expansion will provide local resources to advise and assist motormindz' clients worldwide, bringing a boots on the ground perspective to the unique challenges and opportunities that exist in each geographic region. "The expansion provides an opportunity for our clients to not only access a native approach to each region, but also tap into motormindz' entire global network of automotive industry executives, technologists, and advisors," stated Alan Harris, motormindz' Global Director. "The challenges our industry is facing requires the kind of immediate, global solution sourcing, scaling, and speed-to-market that motormindz can help provide. It gives us extreme flexibility and nimbleness to successfully meet these needs at scale for our OEM clients and their suppliers," stated Tristan-Mason Smith, motormindz' Global Director. Fueled by an ever-increasing consumer demand for safe, frictionless, buying and ownership experiences – OEM, venture, and private equity investments in both ACES and Modern Retailing technologies continue to grow at a rapid pace. "The number of technology providers developing solutions for automotive has never been greater. In an increasingly crowded space, providers try to differentiate themselves by solving for smaller, more disparate problems. Our clients depend on us to leverage our operational experience to help source, validate and integrate the right technologies aimed at solving their most critical challenges. motormindz' global infrastructure will help our clients strike the correct balance between today and tomorrow, regionally and globally," said Martin Wilson, motormindz' Global Director. About motormindz: motormindz is the industry's premier automotive venture consultancy serving OEMs, technology providers, mobility, and automotive retail. A global network of automotive executives and technologists assembled in a model that delivers unique operational leverage and strategic access to scale new and emerging technologies into proven solutions. For more information, please visit www.motormindz.com/global.Related Links :http://www.motormindz.com
Korean Mobility startup "BlueWing Motors" launches successful market entry with KILSA Global
Joint project to convert gasoline two-wheelers into electric ones, to reduce air pollution and other environmental problems in Southeast AsiaBlueWing motors plans to enter the Southeast Asian market through Singapore, with the support of market entry expert, KILSASINGAPORE, April 21, 2021 /PRNewswire/ -- Korean Mobility start-up, BlueWing Motors announced on 21st April that it will join hands with KILSA Global, a global market entry specialist, to carry out the Southeast Asian conversion of gasoline to electric two wheelers. The project will commence first in Singapore before reaching out to other Southeast Asian countries. Mobility company BlueWing Motors and global market entry specialist KILSA signed a joint business agreement on the 24th of March 2021. (Kim Min-ho, CEO of Blue Wing Motors (right) Kevin Kwon, Country Director of KILSA Global (left) - source: Blue Wing Motors) Eco-solutions companies are developing innovative technology and solutions to tackle pertinent issues with high-carbon emitting industries. Several countries are seeking to push for adoption of alternative solutions to replace fuel-powered electricity generators. As for the Transport-Mobility sector, countries are working towards banning the production and sale of full petrol and diesel vehicles after year 2030. South East Asia is home to a population of 673 million (as of Mar 2021) and over 30% of the population (2019) owns two-wheelers. Looking at the statistics, it still seems far from reaching the goal. With more than 11 million registered motorcycles shared between the South East Asia's on-demand delivery service providers. Blue Wing Motors is committed to fitting the technology capability to reducing carbon emissions from the companies who work with fleets of motorcycles allowing the on-demand delivery service providers to thrive with a green footprint. BlueWing Motors and KILSA Global will work together to reduce oil motorcycles which are a major cause of dust in Southeast Asia. The main goal is to innovate the Southeast Asian mobility ecosystem with BlueWing Motors new technology, of converting existing oil motorcycles into electric ones. The two companies therefore plan to set Singapore as a test bedding site and the main base of entry to the Southeast Asian market. KILSA, the South East Asia Representative of BlueWing Motors seeks to target the value chain of the two-wheeler industry including government agencies, local manufacturers as well as ride hailing solutions companies. To facilitate the business launch and in line with the Singapore government-funded program, KILSA and BlueWing Motors plan to cooperate with the banking sector, reduce costs through local production, and create jobs through local employment. "The world is entering the era of electric vehicles due to environmental problems," said Kim Min-ho, CEO of BlueWing Motors. "However, for various reasons, Southeast Asia remains behind. Southeast Asian countries are suffering from environmental problems caused by oil motorcycles, and BlueWing Motors' conversion project is a realistic and innovative alternative to tackle this issue." He then added: "The ultimate goal is for BlueWing Motors to collaborate with the carbon emission business, by providing travel distance data through its motorcycle GPS." Kevin Kwon, Country Director of KILSA Global said, "Southeast Asia is one of the world's largest two-wheeler markets, with about 220 million two-wheelers registered as of 2019," said Kevin Kwon, Director of KILSA Global (Korea Office). "However, while there is a rapid transition from gasoline cars to electric cars, the electric motorcycle market is relatively slow in speed and behind in competition. We believe that Blue Wing Motors' lower-price approach in converting an existing motorcycle rather than purchasing a new one will be the key to dominate the market and be above any other competitors." Sean Tan, Managing Partner of KILSA Global said, "Since early 2020, high powered electric motorbikes may be used on Singapore roads to encourage adoption of cleaner vehicles, reducing carbon emissions. Governments in the region are also stepping up efforts to extend favourable measures and incentives, encouraging adoption and supporting charging infrastructure; It is timely for BlueWing Motors to enter the Singapore & ASEAN market with their efficient and economical conversion solution to meet the increasing demands of riders." KILSA Global provides market entry services and overseas managed services to innovative startups and SMEs that wish to enter the Asian market. Headquartered in Singapore, regional operation extends to all of the most important ASEAN hubs, including Korea, Indonesia, Vietnam, Thailand and Malaysia. Also KILSA Global is partnering with "Seoul Startup Hub" as "Global Hub Partners" to support the Seoul metropolitan startups to enter SEA Market.
LG Innotek Develops Automotive Lighting Module 'Nexlide-E'
Brightness improved by 63%. Applicable to the front/rear of an automobile. 0.2mm thick optical film is used to produce a customized lighting module. Target the global market with "the automotive light source solution service." SEOUL, South Korea, April 21, 2021 /PRNewswire/ -- LG Innotek (CEO Cheol-dong Jeong) announced on the 20th that it had developed 'Nexlide-E,' an automotive lighting module that produces bright and uniform light. An LG Innotek employee is holding the automotive lighting module Nexlide-E. This product is 63% brighter than the previous product and produces uniform light. It can be applied to the front/rear of an automobile. This automotive lighting module is made of three parts. An LED package, which is a light source, is mounted on a thin substrate. Then, optical resin covers the package and substrate for protection. Lastly, a thin optical film is attached on top of the package to spread the light brightly and evenly. The module can be used as taillights, stop lamps, and headlights. The Nexlide is LG Innotek's automotive lighting service brand that has the meaning of a next-generation light source. The name was produced by combining the words 'Next,' 'Lighting,' and 'Device.' LG Innotek provides automotive lighting module products as well as customized solutions such as optical device design, lighting design proposal, and more with the Nexlide brand. The Nexlide-E is 63% brighter than the previous product and produces more uniform light. LG Innotek applied a high-performance and high-reliability optical film to improve the lighting performance. The company's micropatterning technique was used in the film to give a variety of lighting effects. Due to its brightness, this lighting module can replace multiple automotive lamps with different brightness standards into one module. This can improve space efficiency and allow more design variations of a vehicle's lamps. The maximum brightness of the Nexlide-E has been raised from 80 cd (candela, the unit of brightness) to 130 cd, making it 63% brighter than the previous product. This satisfies the brightness standard of taillights, turn signals, and stop lamps. The stop lamps have the most strict brightness standard. In Europe and North America, they are required to be 110 cd or higher. This is because stop lamps must be recognizable in any circumstances for driving safety. The Nexlide-E is also power efficient, because the module is bright enough with a small amount of electricity. This is particularly important for electric and hydrogen vehicles in increasing their mileage range (corresponding to fuel economy in conventional vehicles). Also, car manufacturers can replace different lightings of a vehicle such as a taillight and stop lamp into one lighting module using the Nexlide-E. The product's high brightness makes this possible by satisfying the different brightness levels of taillights, stop lamps and turn signals. As the number of lighting modules used decreases, car manufacturers can design slimmer and more compact lamps, and increase space efficiency by widening the trunk and such. The Nexlide-E also has the advantage in that it produces a uniformly bright light. Even as a wide lamp, it produces smooth and uniform light without blind spots or sudden breaks caused by lighting level drops. To achieve such a bright and uniform light, LG Innotek developed a new optical film for the Nexlide-E. An only 0.2mm thick film produced with the company's unique micropatterning technique is attached to the automotive lighting module. Different types of the optical film create various lighting effects. The micropatterns can be changed according to the type of optical film to increase brightness by collecting the beam, produce a surface light source by diffusing the light or even produce a three-dimensional light shape. With optical films, LG Innotek can produce customized lighting modules without complex design changes or using additional components such as an inner lens. LG Innotek will leverage the Nexlide-E to expand its share in the automotive lighting module market. To do so, the company has been active in promotions targeting global car makers in the U.S., Japan, Europe and South Korea. The first vehicle equipped with the Nexlide-E is expected to be mass-produced in the latter half of this year. LG Innotek is also focusing on the development of next-generation lighting products. The company is developing another type of optical film that further raises the brightness and uniformity of the light. It is also developing the Nexlide-C+, a 3D lighting module that produces 3D light shapes without any devices such as a half-mirror that assists 3D effects within a lamp. Insoo Ryu, VP, Head of the Automotive Components & Electronics Business Division, said, "The Nexlide-E is an innovative product that satisfies the customer needs for distinctive automotive lighting designs that give characters to vehicles. With the Nexlide brand, LG Innotek will continue to deliver a safe and enjoyable driving experience with the automotive light source solution service." Global Market Insights, a market research institute, predicts that the automotive lighting market will grow from USD 32.6 billion in 2021 to USD 38.5 billion in 2026. About LG Innotek Co.,Ltd. LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group. The company's business units include core components for mobiles, automotive, display, semiconductors, and IoT. Furthermore, the company has cooperated closely with the mobile devices, home appliances, and automotive companies, producing camera modules, automotive electronic components, wireless communication modules, and substrate materials. LG Innotek is headquartered in Seoul, Korea and its sales subsidiaries are located in Germany, USA, Mainland China, Japan, and Taiwan with production subsidiaries in China, Vietnam, Indonesia, Mexico, and Poland. For more information, please refer to the website: www.lginnotek.com An automotive lamp equipped with the Nexlide-E module. Related Links :http://www.lginnotek.com
Hyundai Motor and BTS Jointly Celebrate Earth Day with New Hydrogen Campaign Film
Hyundai Motor today revealed a video themed 'For Tomorrow We Won't Wait,' featuring BTS, to celebrate Earth Day In the video, Hyundai Motor and BTS suggest eco-friendly practices in daily lives, highlighting Hyundai Motor's vision for a sustainable future The video will be uploaded on Hyundai Motor's official YouTube and other SNS channels SEOUL, South Korea, April 21, 2021 /PRNewswire/ -- Hyundai Motor Company today released a video themed 'For Tomorrow We Won't Wait,' featuring pop icon BTS for Earth Day 2021 (April 22). Hyundai Motor's hydrogen fuel cell SUV, NEXO with BTS, (from left) Jin, RM, Jimin, Jung Kook, j-hope, V, SUGA This is Hyundai Motor's second Earth Day video starring BTS, the first of which was released last year, generating over 100 million views on YouTube. Hyundai Motor has collaborated with BTS on its global hydrogen campaign since last year to spread awareness on the importance of sustainable practices and the future of hydrogen as a source of clean energy under the slogan 'Because of You.' "Hyundai Motor and BTS have continued to work together to spread the values of sustainability to the world," said Thomas Schemera, Executive Vice President and Chief Marketing Officer at Hyundai Motor. "The MZ generation's growing awareness of how their lifestyle choices and purchasing decisions are impacting the environment has led them to seek greener solutions for their daily needs." The video shows BTS members taking part in simple eco-friendly activities that can easily be incorporated into everyday routines, in an effort to encourage others to do the same. More information about Hyundai Motor and its products can be found at: http://worldwide.hyundai.com or http://globalpr.hyundai.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
EZGO Announces Strategic Cooperation with University to Jointly Develop Fast-charging Technologies for E-bicycles
CHANGZHOU, China, April 20, 2021 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today announced that it entered into a strategic cooperation agreement with Jiangsu Research Institute of Dalian University of Technology (JSRI-DUT), a well-known university in China, and co-founded the Intelligent Fast Charging Technology Innovation Center (the "Center"). EZGO and JSRI-DUT plan to develop new fast charging and wireless charging technologies and solutions, aiming to launch its first fast-charging product by the end of the second quarter of 2021 and a wireless charging solution by the end of 2021. The wireless charging market for E-bicycles is growing rapidly, with the overall market growing at an annual CAGR of 10% and expected to reach $40 Billion by 2026 according to Philips IP&S. Management from EZGO and JSRI-DUT Sign Strategic Cooperation Agreement The main purpose of this alliance between EZGO and JSRI-DUT is to facilitate extensive cooperation in technology research, standardization of wireless charging solutions, promotion of certain wireless charging applications, utilization of intellectual property and talent development in the area of intelligent fast charging technology by leveraging the resource advantages from both JSRI-DUT and the Company. EZGO has devoted resources to the research and development of fast charging technologies/solutions, and has been seeking a partner to improve its research abilities. The newly-founded Center will further optimize the Company's fast charging technology, including accelerating the charging speed of lithium batteries, improving the charging efficiency and safety, and extending the battery life. By applying fast-charging technology to solve the problem of low energy density, EZGO will also provide its intelligent solutions for carbon emission reduction and carbon neutralization, through setting up a post-doctoral innovation hub to attract and train high-end talents in the industry. Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, "One of our principal goals is to establish partnerships that will help to both drive EZGO's research and development efforts and advance battery technology for the entire E-bicycle industry. In the future, EZGO plans to further increase its R&D expenditures in charging technology, intelligent technology and 5G scenario applications. We are pleased to collaborate with JSRI-DUT. We believe this relationship can serve as a foundation for promoting technology development." About EZGO Technologies Ltd. Leveraging an Internet of Things (IoT) product and service platform and two E-bicycle brands, "Cenbird" and "Dilang," EZGO has established a business model centered on the manufacturing and sale of E-bicycles and E-bicycle rentals, complemented by E-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit at the "Investor Relations" section of EZGO's website at http://www.ezgotech.com.cn/Investor/. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
Veoneer and Swiss Re enter partnership to further improve assessment and enhance development of ADAS technology
STOCKHOLM, April 20, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB) and insurance company Swiss Re are pooling their knowledge and vast experience on road safety technologies to further enhance the evaluation and development of advanced driver-assistance technologies (ADAS) and related services. Yearly, almost 1.4 million lives are lost, and 50 million people are injured on roads globally. ADAS has shown huge potential in reducing the number of road crashes and mitigating the number of fatalities and severe injuries. In 2019 Swiss Re launched the ADAS Risk Score with the aim of creating a vehicle-specific insurance rating, taking driver assistance systems into account. Swiss Re and Veoneer share a mutual interest in gaining the best possible insights into the safety effects of ADAS in order to further improve and tailor the performance of such systems to drivers' habits, and accurately evaluate them. Through this partnership, Veoneer will enhance its ADAS technology using Swiss Re's empirical knowledge of real-world performance of ADAS systems based on insurance-relevant insights and comprehensive approach to risk modelling. A better understanding of how a vehicle is driven in a contexts, such as differing road or weather conditions, will reveal the opportunities and limitations of current systems more in detail. At the same time, Swiss Re will benefit from Veoneer's expertise on ADAS hardware and software technologies. This information will feed into the Swiss Re ADAS Risk Score to the benefit of car manufacturers. Consequently, insurers will gain from being able to assess the latest car safety technologies for insurance purposes. Steven Jenkins, Chief Technology Officer at Veoneer: "With extended knowledge about the real-world performance of various ADAS technologies in different parts of the world, we can develop systems used by vehicle manufacturers globally that support drivers in an even better way. It forms the next step in collaborative driving, putting both driver and technology in focus." Swiss Re's Global Head P&C Solutions Pranav Pasricha said: "We're delighted to further our work on advanced driving-assistance systems through the partnership with Veoneer. We thereby respond to our clients' needs of being able to accurately assess the latest ADAS technologies and their potential impact on future claims." A joint white paper "The significance of progress, Implications of the diversity and complexity of ADAS for road safety and the insurance landscape" can be found on www.veoneer.com For more information please contact: Thomas Jönsson, EVP Communications & IR, email@example.com, tel +46 (0)8 527 762 27 Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB). The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group's overall mission. Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law. This information was brought to you by Cision http://news.cision.com https://news.cision.com/veoneer/r/veoneer-and-swiss-re-enter-partnership-to-further-improve-assessment-and-enhance-development-of-adas,c3328577 The following files are available for download: https://mb.cision.com/Main/17380/3328577/1403798.pdf Release