Posted on

Completion of Chubu Electric Power Grid Hida Converter Station Equipped with Hitachi’s Frequency Converters

TOKYO, Apr 1, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501) announced that the operations of the Hida-Shinano frequency conversion facility have commenced, enabling the Shin-Shinano Substation of TEPCO Power Grid, Inc. (TEPCO) to be connected to the Hida Converter Station of Chubu Electric Power Grid Co., Inc. (Chubu Electric Power), to which Hitachi delivered a line commutate converter high-voltage direct current (HVDC) system.The Hida-Shinano frequency conversion facility is a direct current transmission system with an interconnection capacity of 900MW, connecting the 60 Hz-based Chubu Electric Power area and the 50 Hz-based TEPCO area via an approximately 89 km long aerial cable. In the wake of the Great East Japan Earthquake that occurred on March 11, 2011, the new facility was purpose-built to increase the interconnection capacity between the different areas and enhance the power supply capacity in the event of a large disaster. In this project, Hitachi received an order for a frequency converter to be installed at Chubu Electric Power's Hida Converter Station that included installation and testing. The equipment uses the line commutate converter High-Voltage Direct Current (HVDC) power transmission technology to achieve the interconnection of systems with different frequencies through the conversion of alternating current into direct current. The installation of the converters, which began in August 2018, has been completed.HVDC enables the interconnection of systems using different frequencies. It also reduces the loss of power when transmitting power over long distances and offers other features that are beneficial for the expansion of the systems. Therefore, with an eye toward expanding renewable energy, the materiality of HVDC is increasing from the perspective of transmitting power from large offshore wind power generation facilities in remote areas to the places where the power is used, and the perspective of increasing the capacity of the interconnections of regional systems.In most projects related to the installation HVDC(1) in Japan, Hitachi has been in charge of technological development and project arrangements and contributed to the maintenance of Japan's high quality power system that is best in the world in availability.(2) Hitachi ABB Power Grids established in July 2020 was the first to commercialized HVDC in 1954. The company has the world's best(3) HVDC technologies, reflecting their engagement in approximately 120 systems, or almost half of the world's DC power transmission systems with a total wattage of 130,000 MW.The equipment delivered to the Hida Converter Station is the first HVDC equipment in Japan to establish an aerial interconnection between grids with different frequencies. One of the delivered devices, specifically, the filtering equipment capable of adjusting the phase of the electricity, uses a system made by Hitachi ABB Power Grids and features a combination of Hitachi's rich experience and Hitachi ABB Power Grids' best-in-the-world technologies. In addition, efforts were made to optimize the system by taking into consideration the tough climate conditions such as outside temperatures ranging from -30 to +35 degC in a location 1,085 meters above sea level that often sees two meters of snow accumulate.Hitachi positions HVDC as one of its main businesses in the energy field. In 2019, it received an order for a voltage-sourced HVDC-based frequency converter for Chubu Electric Power's Higashishimizu Substation of which is now under construction. Going forward, Hitachi will contribute to the creation of a decarbonized society by responding to the growth of demand for strengthening the interconnection of grids in Japan and abroad and for facilities connecting systems due to the increase in renewable energy.(1) Including frequency converter(2) Reported in "A Survey of the Reliability of HVDC Systems" at the International Council on Large Electric Systems (CIGRE) and other places(3) Based on orders received in 2019 and research conducted by Hitachi ABB Power Grids.About Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide. Hitachi drives digital innovation across five sectors - Mobility, Smart Life, Industry, Energy and IT - through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. Its purpose is to deliver solutions that increase social, environmental and economic value for its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

Honghua Group Announces 2020 Annual Results, Electric Fracturing Segment Achieved Rapid Growth

HONG KONG, Mar 30, 2021 - (ACN Newswire via SEAPRWire.com) - The globally leading onshore oil rig supplier Honghua Group Limited (Ticker: 196.HK, "Honghua" or "the Company") today announced unaudited consolidated annual results for the twelve months ending on 31 December 2020 ("the Period").During the Period, the Company encountered the COVID-19 pandemic and oil price fluctuation. Honghua's revenue from continuing operations decreased by 11.2% to RMB3.931 billion from RMB4.426 billion in 2019. Profit attributable to shareholders of the company was RMB50 million in 2020. Despite numerous challenges posted by the pandemic and the plunge in crude oil price, Honghua achieved profitability in three consecutive years due to rapid growth of its core business as well as expansion of new businesses. AGAINST THE BACKDROP OF NATIONAL ENERGY SECURITY STRATEGY, HONGHUA'S FRACTURING BUSINESS CONTINUED TO GROW RAPIDLYAlthough Brent oil price plunged in 2020, the Chinese government still prioritized national energy security and was determined to expand domestic oil & gas exploration to satisfy domestic market demand. National Development and Reform Commission ("NDRC") and National Energy Administration ("NEA") jointly announced Guiding Opinions on Energy Security in 2020, which specified plans to promote domestic energy production and improve supply capabilities, increase inputs in oil & gas exploration as well as oilfield outputs, and accelerate exploration of unconventional oil & gas resources. Benefiting from such strategy, Honghua highly valued unconventional oil & gas equipment and service business within the Company, resulting in revenue growth of 29.5% in the Chinese market. Revenue from the domestic market accounted for 73.9% of total revenue, reaching the historic high since IPO.During the Period, the Company's sales and product R&D have all made significant breakthroughs. Honghua sold 4 sets of electric fracturing pumps, and launched the first set of electric coiled tubing in China and electric automatic sand transportation and storage device. Compared with traditional diesel-driven coiled tubing, electric coiled tubing innovated and improved in three aspects, i.e., performance and efficiency, automation, and synchronization control. The electric automatic sand transportation and storage device was successfully rolled off the production line and realized the first well site operation. Adhering to the concept of the overall development of electric fracturing and taking 6000HP electric fracturing pump as core equipment, Honghua launched numerous complete sets of electric fracturing equipment in turn, including electric fluid supply skid, command control center, flexible tank, high-pressure manifold, electric coiled tubing, and automatic sand transportation and storage device.In the stage of exploring cost-reducing, efficiency-enhancing, and eco-friendly development models, Honghua facilitated large-scale development of unconventional oil & gas with electric fracturing equipment. Therefore, the Company's pumping service achieved explosive growth, with stages of pumping service offered throughout the year amounting to 4,357, an increase of 48.5 % over last year. During the Period, Honghua assisted clients in breaking multiple records throughout the year. At Fuling block, an average daily fracturing construction record of 5.6 stages and a daily fracturing construction record of 8 stages were achieved. Moreover, Honghua's fracturing crews created a record of 366.7 tons of sand addition during operation, setting a new sand addition record following PetroChina's sand addition record during deep shale gas single-stage reservoir reconstruction, further responding to market recognition. Following Honghua's first shale gas fracturing engineering service contract in 2019, after expanding the scope of operations from single pumping service to comprehensive electric fracturing services, Honghua obtained a complete set of electric fracturing equipment leasing and service contract in Changning that worth RMB325 million from CNPC Western Drilling, a subsidiary of PetroChina, as well as all-electric fracturing engineering service contracts for three shale gas platforms in a block in Chongqing that worth RMB288 million.FLEXIBLY ADJUSTED BUSINESS STRATEGY TO SATISFY THE EVOLVING NEEDS OF CLIENTS, PROMOTED SALES IN PARTS & COMPONENTS SEGMENTAlthough the overseas market was affected by factors including the pandemic and oil prices, Honghua managed to adopt a flexible sales mechanism to seize the needs of customers for parts and components updates and upgrades and deepened the long-term partnerships. During the Period, revenue from parts & components increased by 6.5% RMB1.722 billion from RMB1.617 billion in 2019. In Russia, relying on the long-term cooperative relationship with existing customers, Honghua signed a framework agreement for the procurement of oilfield stimulation equipment worth USD30 million, which included several sets of top drives, direct-drive pumps, retrofit rigs and other products independently developed by Honghua. The independent sales of mud pumps increased by 83.0% as compared to the corresponding Period of last year, mainly attributable to the achievement of mass sales of mud pumps due to the shortlisting of Sinopec's annual drilling mud pump framework agreement this year.LEVERAGED THE BACKGROUND AS A STATE-OWNED ENTERPRISE, AND ADD NEW ENERGY BUSINESS OFFERING WITH FLEXIBILITYHonghua responded to national policies and deployed new energy industry actively to counterbalance cyclical fluctuation risks of the traditional petrochemical industry. Relying on its advantages as a state-owned enterprise and utilizing its existing manufacturing capacity, Honghua successively entered into offshore wind power construction agreements with state-owned enterprises, with orders totaling over RMB1 billion throughout the year.OUTLOOKAt the beginning of 2021, the COVID-19 pandemic remains not yet fully under control, and there are still many uncertainties in the oil and gas market. In the long run, low-carbon and clean energy will be the direction of future development, which will pose challenges to the traditional petrochemical industry. Nevertheless, we still see many positive factors are emerging in the short term. With the expected large-scale vaccination programs, and the oil prices in stable recovery as a result of the ongoing joint production cuts, the "darkest moment" of the oil and gas industry had passed. In 2021, Honghua will further develop fracturing equipment as its core business to satisfy clients' needs of reducing costs and enhancing efficiency via adhering to the national energy security strategy, grasping domestic industry opportunity of increasing energy reserve, and responding to market demand for high efficiency and sustainability. Moreover, Honghua will also pay close attention to the delivery of offshore wind power projects and subsequent market expansion. At the same time, in light of the bottoming out in the overseas market, Honghua will seize the strong demand arising from the recovery of the overseas market and strengthen development and sales of its principal business of drilling rigs and promote the execution of major domestic and overseas orders. To be a world-class and domestically leading supplier of integrated solutions for energy development, Honghua will further enhance cost control and optimize supply chain management to increase cash turnover efficiency as well as strengthen the reserve and training of strategic and innovative young talents and accelerate the digital transformation of the Company for high-quality and high-efficiency sustainable growth.About Honghua Group LtdHonghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.This press release is issued by Institutional Capital Advisory (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:Institutional Capital Advisory (Asia) Limited Tel: +86 (21) 8028-6033E-mail: honghua@icaasia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

安乐工程2020财政年度收益及盈利报捷

HONG KONG, Mar 29, 2021 - (亚太商讯 via SEAPRWire.com) - 安乐工程集团有限公司（「安乐工程」或「公司」，连同附属公司统称「集团」）（股份代号：1977）为香港领先的机电工程服务供应商之一，于澳门、中国内地、美国及英国均有业务，公司今天宣布截至2020年12月31日止年度（「本年度」或「2020年财政年度」）的全年业绩。集团在新冠病毒疫情带来前所未见的挑战下仍展现韧力，其收益及盈利均录得持续增长。摘要-- 总收益上升14.4%至51.25亿港元-- 维修工程的收益按年上升29.8%-- 公司拥有人应占溢利为3.01亿港元-- 2020年新接订单理想，总值76亿港元-- 手头未完成合约总值持续创新高，达118亿港元，按年增长25.9%-- 维持高派息率为50.3%年内，集团的总收益较去年上升14.4%至51.25亿港元，主要来自屋宇装备工程业务以及升降机及自动梯业务。其中维修保养合约的收益日渐成为集团的经常性收益来源，上升29.8%至8.82亿港元。毛利上升15.6%至9.09亿港元，毛利率为17.7%。公司拥有人应占溢利为3.01亿港元，纯利率则上升至5.9%。董事会建议派发第二次中期股息每股7港仙，连同首次中期股息每股3.82港仙，全年派息每股10.82港仙，派息比率为50.3%。于2020年财政年度，集团的手头未完成合约价值再创新高（包括承包工程、维修工程及销售商品），约为118亿港元，按年上升25.9%。集团亦取得新接订单，总值为76亿港元。安乐工程集团有限公司主席潘乐陶博士表示：「2020年，新冠病毒疫情对全球民生、企业及政府带来前所未见的冲击、挑战及风险。尽管如此，集团凭借于机电行业的领导地位及逾40年的丰富经验，于本财政年度仍然录得增长，证明『新科技』、『新市场』及『新业务模式』策略在如此充满挑战的环境下仍发挥效用。我们的增长除有赖于稳固基础外，亦归因于集团在研发方面的竞争优势。」年内，屋宇装备工程业务的未完成合约总值53.47亿港元。于报告期内，集团完成位于白石角的智能生活及众创空间住宅项目，是香港首宗采用组装合成建筑法(MiC)完成的项目。集团另一个采用该技术的完成的项目是位于大屿山的临时隔离设施，该项目于三个月内便竣工。上述两个已完成项目有助增强集团在MiC项目管理方面的实力。此外，集团在开发安乐工程屋宇装备预制组件组装技术(ABSPM)上，取得良好进展，可随时于现有及未来项目上应用有关技术，提升施工质量、安全及生产力。凭借在跨范畴业务的实力，集团于报告期内参与多个主要基建招标项目的竞标，预期所呈交招标（包括机场扩充工程及多项医疗设施）的结果将于2021年上半年公布。环境工程业务方面，截至2020年12月31日的未完成合约总值为50.39亿港元，按年增长115.8%。由集团自主开发的先进处理工序继续是集团在中国内地市场的竞争优势。集团于报告期内在该市场取得七份合约，其中两份合约工程采用集团自行研发的货柜磁介质高效沉淀池AMSFS II及曝气生物滤池ABAF。此业务亦为香港政府部门、公用事业及公共机构客户的现有环境设施提供保养及营运服务，为集团带来稳定的收益。年内，资讯、通讯及屋宇科技（「ICBT」）业务的未完成合约总值为8.54亿港元。集团积极向市场推广自行研发的智能物联网屋宇平台及云端人工智能能源管理平台。此两个平台以月费模式营运，吸引知名客户青睐，其中不少客户已下订单，亦有其他客户考虑续单。集团亦有为香港的政府部门、商业场所及公共机构的屋宇管理系统、超低电压系统、自动旅客及车辆通关解决方案，提供全面的维修工程服务。在智慧出行方面，集团除了于年内完成首宗自动导引车（「AGV」）智能泊车项目外，更于年内取得在停车场智能传感器的新订单，该智能传感器可提供车位的实时资讯。目前，集团亦正在拓展不停车缴费系统、电子道路收费系统及其他智能运输的商机。升降机及自动梯业务未完成合约总值达6.07亿港元，此业务的维修服务广受客户好评并继续增长，以满足香港的政府部门、办公室、住宅楼宇、主题乐园及公共机构的需求，并在表现评级中一如既往维持最高安全及服务质素评级。年内，集团透过与Transel Elevator & Electric Inc.（「TEI」）结盟及在英国设立首家公司，进军美国及英国市场。上述新业务据点将有助集团加快进军相关市场。集团亦已与欧亚及东欧地区的分销商签订新协议，进一步拓展分销商网络，同时物色合适的海外收购机会。为把握全球机遇，集团持续扩建生产工厂，预期于2022年完工。尽管新冠病毒疫情及国际贸易关系紧张将继续为经济带来不明朗因素，但受惠于香港特区政府对公共开支及发展大型私营项目(包括启德、东涌及古洞北发展项目)的计划，集团认为市场仍然充满增长商机。此外，即将在澳门推出的基建项目以及中国内地积极发展战略科技及数码基建、现有废水处理厂升级的需求上升及持续城市化，亦将为集团创造更多机会。潘乐陶博士总结:「凭借集团旗下四大核心业务的稳固基础和遍及全球各地的策略业务覆盖，我们将继续投入成熟技术应用及锐意创新发展，以满足疫情后的客户需求。在香港，机电行业的公营及私营市场将于未来数年出现庞大机遇，我们亦将增加来自维修保养业务的收入贡献，使其成为集团的经常性收入来源。海外市场方面，我们相信环境工程和升降机及自动梯业务将能把握国际市场机遇，成为集团的增长动力。我们将积极于海外发掘合适机会以及寻求合营伙伴，以助集团扩大业务范畴及实现跨地域发展。透过把握涌现的市场机遇及行之有效的策略，我们对于未来达致长期可持续增长充满信心。」有关2020年度业绩详情，请参阅已呈交香港联合交易所有限公司的公告。https://doc.irasia.com/listco/hk/analogue/annual/2020/cres.pdf关于安乐工程集团有限公司安乐工程集团有限公司成立于1977年，总部设于香港，为领先的机电工程服务供货商，业务遍及澳门、中国内地、美国及英国。本集团为不同行业，包括公共和私营的客户提供跨专业、综合性的机电工程和技术服务，涵盖屋宇装备工程、环境工程、资讯、通讯及屋宇科技（「ICBT」），以及升降机及自动梯。本集团同时制造及向全球销售Anlev升降机及自动梯，并与美国纽约最大独立电梯和自动扶梯公司之一Transel Elevator & Electric Inc.达成伙伴关系。本集团的联营公司南京佳力图机房环境技术股份有限公司(603912.SS)专门制造精密空调设备。 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

Read More
Posted on

Honda: Agreement Reached to Standardize Swappable Batteries for Electric Motorcycles

TOKYO, Mar 29, 2021 - (JCN Newswire via SEAPRWire.com) - The Swappable Battery Consortium for Electric Motorcycles (Consortium) has reached an agreement to standardize swappable batteries and replacement systems, allowing battery sharing and paving the way for increased adoption of electric motorcycles in Japan.The Consortium was established by Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Suzuki Motor Corporation and Yamaha Motor Co., Ltd. in April 2019, aimed at increasing the adoption of electric motorcycles in Japan. Since its inception, the Consortium has been formulating the standards for mutual-use swappable batteries and their replacement systems, as a solution to the issues preventing widespread adoption of electric motorcycles as a more environmentally friendly and convenient form of mobility - the drive range and reduction of charging time. In order to establish the convenience and effectiveness of mutual-use swappable batteries, the Consortium has been cooperating since last year with the "e-Yan OSAKA" field tests conducted by the Japan Automobile Manufacturers Association's Electric Motorcycle Promotion Subcommittee in collaboration with Osaka Prefecture and the national university corporation Osaka University, aimed at popularizing and increasing the adoption of environmentally-friendly electric motorcycles.Parts of the common specifications agreed upon are compliant with the Society of Automotive Engineers of Japan, Inc. Organization (JASO) technical paper TP21003 issued on March 19. The Consortium will conduct technical verification and standardization of mutual-use swappable batteries, based on these common specifications. With the heightening worldwide demand for the electrification of mobility to realize a carbon-neutral society, the Consortium will work hand in hand with the Japan Automobile Manufacturers Association to realize international mutual-use (international standardization).As environmental awareness increases globally, the Consortium believes that cooperative consideration and promotion within the entire motorcycle industry, to build an environment for widespread adoption within the motorcycle industry, is vital to motorcycles continuing to be the customers' mobility of choice, and aims to contribute to the realization of a carbon-neutral society.Noriaki Abe | Consortium Representative Secretary, and Managing Officer, Motorcycle Operations, Honda Motor Co., Ltd."This agreement for the standardization of mutual-use batteries is an achievement made possible through the four Japanese motorcycle manufacturers working together over the past two years. I am grateful to all those associated with the Consortium and the Society of Automotive Engineers of Japan, Inc. for their understanding and support. While we will continue cooperation to build an environment allowing battery mutual-use based on our agreement, we will also be competing with each other to develop attractive products that meet the needs of our customers. Through our efforts in both cooperation and competition, we will work towards the widespread adoption of electric motorcycles to realize a sustainable society." Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

China Dynamics to Expand Footprint into Japan

HONG KONG, Mar 26, 2021 - (ACN Newswire via SEAPRWire.com) - China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new-energy vehicles and technology integrated solutions, has announced that the Company, through its subsidiary Japan Dynamics Co., Ltd. ("Japan Dynamics"), entered into a memorandum of understanding (MOU) with EX JOINTS Co., Ltd. ( "EX JOINTS") to jointly promote an electric vehicle business in Japan. Persuant to the MOU, Japan Dynamics and EX JOINTS will establish a business alliance on the promotion of electric vehicle in Machida City, Tokyo Metropolis, Japan. The cooperation includes setting up a sales center and showroom, maintenance and charging facilities, automobile assemble plant in Machida city and opening a sales center in Haneda City. Mr. Cheung Ngan, Chairman of China Dynamics, said, "As the Group continues to expand its presence in the global electric mobility market, we will be looking forward to a successful collaboration with EX JOINTS. Leveraging our technological advantages in new energy vehicles and EX JOINTS' local market knowledge, we are confident that we can tap into the Japan market. This cooperation will enable us to share our expertise and know-how, with the aim of exploring future opportunities in the growing new energy vehicles industry."With the "Green Growth Strategy Through Carbon Neutrality" policy, Japan targets to achieve "carbon neutrality" by 2050, and this will include the banning of pure gasoline vehicle sales. As traditional fossil fuel vehicles are phased out, Japan is expected to see a surge in demand for electric vehicles and charging infrastructure.About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and a prominent player in new-energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new-energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has two production bases in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. About EX JOINTS Co., Ltd.EX JOINTS Co., Ltd. is an experienced supplier of electric vehicle and charging equipment solutions, operating an electric vehicle repair and assembly base and sales company in Machida City, Tokyo, Japan. With extensive network and expertise in the automotive industry, EX JOINTS is working with the Bahraini government for the planning of electric vehicle manufacture base and assembly base to jointly promote the development of the electric vehicle industry in Bahrain. Media EnquiryStrategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkCarrie Leung +852 2114 4912 carrie.leung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

China Dynamics to Provide Not Less Than 500 Electric Vehicles in Philippines and Malaysia

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new-energy vehicles and technology integrated solutions, and GET Worldwide, Inc. ("GET Worldwide"), have signed a long-term supply agreement, following the delivery of electric buses in Davao and Metro Manila in the Philippines last December.GET Worldwide's flagship electric public transport vehicles designed for emerging markets - the 6.5 meter COMET electric minibus. The vehicles can be paired with a mobile application creating an intelligent fleet and passenger management system.Under the long-term supply agreement, China Dynamics will provide GET Worldwide, a California based E-mobility solutions company, with no less than 100 units of the 6.5 meter COMET electric minibus within 6 months and not less than 500 units of the vehicles within 24 months from the effective date of the agreement. The electric vehicles will be mainly used in the Philippines and in Malaysia. In addition, GET Worldwide is already looking to expand to Africa and Latin America within the year.Mr. Freddie Tinga, President of GET Worldwide said: "China Dynamics ends our long search in finding a reliable electric vehicle manufacturer. The COMET is GET Worldwide's flagship electric public transport vehicle designed for emerging markets. The vehicle is paired with a mobile application to make transportation more efficient, address the dangers of climate change, and transform urban environments. We are seeing the large potential of the COMET ecosystem given the high demand in the Philippines and the numerous parties contacting us from around the world who are interested in the same solution."Mr. Miguel Valldecabres Polop, CEO of China Dynamics, added, "The signing of the agreement is another strategic step in our global expansion starting with Southeast Asia. This agreement solidifies our partnership with GET Worldwide in deploying the ideal transport solution to dense urban centers globally. It is a win-win solution for all. We benefit from the revenues generated from these new markets, as we do our part to make these cities more sustainable and more livable for their citizens."China Dynamics delivered in December 2020 the initial batch of COMET electric minibuses for Metro Manila and Davao to Global Electric Transport ("GET Philippines"), a licensee of GET Worldwide and the first electric bus operator in the Philippines.About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and a prominent player in new-energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new-energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has two production bases in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. Media EnquiryStrategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkCarrie Leung +852 2114 4912 carrie.leung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Read More
Posted on

BYD to Help Kyoto Reach Japan’s 2050 Carbon Neutral Goal

KYOTO, Japan, Feb 26, 2021 - (ACN Newswire) - On February 24, BYD Japan Co., Ltd. (BYD), Keihan Bus Co., Ltd. (Keihan Bus) and The Kansai Electric Power Co., Inc. (Kansai Electric Power) announced a tripartite deal in Kyoto, Japan, which will see the three parties work together to help the city achieve Japan's 2050 carbon neutrality target and build a carbon-free society.Representatives at the event: Mr. Hanada Shinsaku, Executive Vice President of BYD Japan; Mr. Kazuya Suzuki, President, Representative Director of Keihan Bus; Mr. Kenichi Fujino, Assistant General Manager, Sales and Marketing Division of Kansai Electric Power (from left to right).Kyoto's famous sightseeing bus loop line (Kyoto Station - Shichijo Keihan-mae - Umekoji - Hotel Emion Kyoto)The BYD J6 BusBeginning in 2021, Keihan Bus and Kansai Electric Power will launch the first batch of 4 BYD J6 buses on Kyoto's famous sightseeing bus line (Kyoto Station - Shichijo Keihan-mae - Umekoji - Hotel Emion Kyoto), as part of a five-year demonstration operation to further promote pure electric public transportation in Japan. This will also become the country's first loop line operated solely by electric buses.By analyzing vehicle operating data and energy-saving results, the project will provide useful experience to support Keihan Bus's plan to continue introducing BYD K8 pure electric buses and gradually realize a green and carbon-free society in the Kansai region, one of Japan's key economic and industrial hubs.As the signing location for the landmark 1997 Kyoto Protocol, Kyoto is a pioneer city that has witnessed the world's active response to climate change. In the same spirit, this latest deal is not only an active response to the Japanese government's goal of achieving Japan's 2050 carbon neutrality target for a carbon-free society, but also an effort to achieve the Ministry of Economy, Trade and Industry's plan to ban the sale of new gasoline-powered vehicles in the mid-2030s.Operating buses in this world-renowned tourist destination, Keihan Bus has always provided important travel support for the tourism industry in Kyoto. The new bus loop line will connect Kyoto Station, Shichijo Keihan-mae, and Umekoji - Hotel Emion Kyoto, which are surrounded by key tourist attractions such as Kyoto Railway Museum and Kyoto Aquarium. The introduction of electric buses around the JR Kyoto Station - the gateway station to Kyoto - will further boost the city's green credentials."Keihan Bus will celebrate its 100th anniversary next year. We believe that the transition from gasoline and diesel vehicles to pure electric vehicles will mark a huge turning point on the 100th anniversary for the company," said Suzuki Kazuya, President, Representative Director of Keihan Bus.Kansai Electric Power, the second-largest electric power company in Japan, will not only build charging piles and other facilities for the project, but also construct a highly efficient energy management system, as well as analyze and research operating data."Kyoto Station is the gateway to Kyoto. The introduction of electric buses in the city is an important step for us to move towards a decarbonized society," said Kenichi Fujino, Assistant General Manager of Sales and Marketing Division of Kansai Electric Power. "We will fully cooperate with Kyoto to introduce pure electric buses and support subsequent operations."BYD's pure electric buses are quiet and environmentally friendly, and are more cost-effective than fuel buses, while their power batteries can also provide emergency power in the event of a disaster. The first batch of BYD J6 buses can be fully charged within just 3 hours, with a range of more than 150 kilometers, and can accommodate up to 29 people.Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, said, "At present, there are 53 BYD electric buses in operation throughout Japan, with a total mileage of approximately 1.2 million kilometers, which help reduce carbon emissions near to 271 tons, making us the leader in the country's electric bus market. We will continue to share our electric vehicle technology and experience in Japan and around the world, to contribute to the early realization of a decarbonized society."Since BYD's K9 buses first began operating Kyoto in 2015 and successfully opened up the Japanese market, the brand's buses have gone on to enter Okinawa, Fukushima, Iwate, Yamanashi, Tokyo, and Nagasaki, and many other places in Japan over the past six years. It has also gained the trust of developed markets in Germany, the United States, Japan, and South Korea, thanks to its excellent and reliable product quality as well as trustworthy after-sales guarantee system.About BYDBYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem - comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation - has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.ContactsIn Asia-Pacific: Mia GuPr@byd.com; tel: +86-755-8988-8888-69666In North America: Frank Girardotfrank.girardot@byd.com; tel: +1 213 245 6503In Europe: Penny Pengpenny.peng@byd.com; tel: +31-102070888 Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

Race to go green on Singapore’s roads starts with clear rules and runway

SINGAPORE - American electric carmaker Tesla has returned to Singapore, posting prices which make equivalent petrol cars seem overpriced. An inter-ministerial Singapore Green Plan 2030 launched last week has also raised proposals to further incentivise the adoption of electric cars - on top of tax breaks already in place. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

Read More
Posted on

Honghua Wins Order For Electric Coiled Tubing And Launches Cutting-edge Rapid Tripping System

HONG KONG, Feb 1, 2021 - (ACN Newswire) - Honghua Group Limited (Stock Code: 196.HK, "Honghua" or the "Company"), a leading onshore oil rig supplier is pleased to announce that the Company has recently successfully developed the first electric coiled tubing in China and the first "one-key linkage" automated machine tool system in China, named Rapid Tripping System (RTSTM). In addition, Honghua has recently signed an order for two sets of electric coiled tubing, realizing achievements in both scientific research and commercialization.Recently, based on the successful promotion of electric fracturing complete sets of equipment and the R&D advantages of power motors and electronic control systems, and adhering to the design concept of "fully electrically driven, intelligent fracturing", Honghua independently developed the first set of electric coiled tubing and successfully completed the industrial tests in January 2021. Right after the tests, Honghua landed an order for two sets of electric coiled tubing, which were expected to be used in shale gas development in Sichuan and Chongqing. Electric coiled tubing is another crucial part of Honghua's fully electric fracturing equipment. Focusing on electric fracturing pumps, Honghua has now established complete sets of electric fracturing equipment, which have been successfully applied to multiple well sites in Sichuan and Chongqing.Coiled tubing can be widely used in multiple oil and gas field operations, including drilling, completion, logging, workover and fracturing. It is also known as the "all-purpose operating machine". Honghua's electric coiled tubing is innovative and competitive in three aspects: performance and efficiency, automation and synchronized control. The main drive of the equipment is now electric - this is disruptive as the industry relied on diesel engine and hydraulic motor drive. A substantial improvement in performance and efficiency has been realized. The operating cabins adopt digital control and display systems to improve automation. Backed by smart algorithm, the operators are able to conduct high-precision synchronous control of the injection head. Moreover, the electric coiled tubing also reduces environmental pollution caused by hydraulic pressure and noise. It also adopts a unique organic combination of semi-trailers and skids to improve the adaptability of the operating machine to domestic mountainous and hilly areas. Such R&D achievements have solved a number of application problems of conventional coiled tubing. The swift leap forward from R&D to purchase order further proves the commercialization ability of Honghua - this is also an inspiring recognition from the market. According to Spears & Associates, a leading oilfield consulting service provider, the market size of global coiled tubing services has exceeded USD5 billion in 2019. In recent years, with the continuous improvement of the geological understanding of shale oil and gas in North America and the continuous improvement of horizontal well and fracturing technology, coiled tubing technology has played a pivotal role in accelerating the development of unconventional oil and gas resources. In September 2016, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Land and Resources and the National Energy Administration of China jointly issued "Shale Gas Development Plan (2016-2020)", striving to achieve an annual output of 80 billion to 100 billion cubic meters by 2030. Looking ahead, China's annual natural gas output is expected to reach 260 billion cubic meters in 2035, with unconventional gas output accounting for more than 44%, entering the real unconventional gas era. Sichuan and Chongqing are rich in natural gas resources. With the large-scale development of shale gas and conventional sour natural gas, coiled tubing operation technology, which is a key technology for horizontal well stimulation and transformation operations, is expected to usher in a new period of development opportunities. As the requirements for cost reduction, efficiency enhancement and green development continue to increase, intelligent electric equipment will become the mainstay of China's unconventional oil and gas development equipment due to its high degree of automation, outstanding stability at low speed, low noise output and eco-friendly characteristics.At the same time, Honghua successfully developed and launched Rapid Tripping System ("RTS"), which is composed of a centralized control Zone Management System ("ZMS"). RTS is composed of two parts, and the efficient parallel linkage of the participating equipment is realized through process-based automatic operation, which is safer. It optimizes the system integration, operation process, and tripping speed of the existing equipment. In an experiment on a 5,000-meter rig, the system successfully increased the tripping speed of the rig by 35% and reduced the number of operators by 50%. It is expected that the system can meet the needs of the market for renewal and iteration of stock rigs. The successful research and development of RTS is another milestone for Honghua in the process of improving drilling automation and informatization.About Honghua Group LtdHonghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As a world-leading land drilling equipment manufacturer and one of the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.This press release is issued by Institutional Capital Advisory (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:Institutional Capital Advisory (Asia) Limited Tel: +86 (21) 8028-6033E-mail: honghua@icaasia.com Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

BYD Wins the Largest Pure-Electric Bus Order outside of China

Bogota, Colombia, Jan 12, 2021 - (ACN Newswire) - BYD is proud to announce that it has exclusively won cumulative orders to supply 1,002-unit pure-electric buses to the capital of Colombia, Bogota. This tender was open to all bus technologies, yet BYD won the trust and cooperation of its partners in the fiercely competitive bidding process thanks to its cutting-edge technologies, products and services. This is the largest order for pure-electric buses outside of China to date, which sets a new record in sales volume for the overseas pure-electric bus industry.Like the 470 bus models delivered by BYD to Bogota in December 2020, this batch of 1002 buses also includes 9-meter and 12-meter modelsBogota City Public Transport Authority (TRANSMILENIO S.A.) launched a public commercial tender covering diesel, CNG and electric technologies for 1,295 buses in August. Three of BYD's global strategic partners finally adopted BYD's integrated electric bus solutions for their bids and successfully won the tender, totally 1,002 pure electric buses. BYD will partner with local bus manufacturers Superpolo and BUSSCAR respectively on the bus body parts.This batch of buses is scheduled to be delivered during 2021 and into the first half of 2022, and will be put into operation on 34 bus routes across five regions of the capital, providing residents along the routes with quiet, safe and emissions-free travel services.With highly-recognized technology, products and services, this 'thousand-unit' order opens up a new eraIn this competition covering all bus technologies, BYD, relying on its strong capability with core strengths, has won exclusive orders for 1,002 pure electric buses, fully demonstrating the market's high recognition and trust in BYD's technology, products and services. So far, BYD has won 1,472 orders for pure electric buses in the Colombian capital. According to TRANSMILENIO S.A., these buses will reduce 83,433 tons of carbon dioxide and 9.63 tons of particle emissions per year compared to diesel buses meeting fifth-generation European emission standards over the 15-year concession period, which will greatly improve local air quality and enhance Colombia's overall ability to cope with climate change.In addition to Bogota, Colombia's capital city, BYD buses operate in Medellin, Cali and elsewhere. At present, BYD has accumulated 1,550 orders for pure electric buses in Colombia, continuously leading the push for bus electrification in Colombia and Latin America."This more than 1,000 buses order marks a fresh start, which will effectively promote the rapid development of green transportation in Latin America and the coming era of global bus electrification," said Stella Li, President BYD Motors. "In the move towards electrification globally, BYD will continue to make great contributions moving forward.""Assembling the bus body parts in Colombia will not only help boost the national economy by creating skilled jobs for the local community, but also improve the quality of transportation services, cut carbon emissions, and improve the environment," said Maria Fernanda Ortiz, head of the TRANSMILENIO S.A."As the world's leading new energy vehicle manufacturer, BYD has overcome many difficulties resulting from the pandemic, exclusively winning this tender because of our all-round capability", said Lara Zhang, the Regional Director of BYD Latin America. "We are extremely grateful for the trust and recognition of all our strategic clients, and we are also looking forward to working with Superpolo and BUSSCAR on this exciting project."A key player in the wave of transport electrification sweeping across Latin AmericaSince BYD entered the Colombian market in 2012 it has made several breakthroughs, including establishing Latin America's first pure electric taxi fleet in Bogota in 2013, and up to date winning this 1,002-unit pure-electric bus order. BYD has a market share of over 96.5% in the Colombian electric bus market, and more impressively 99% in Bogota, the capital.At present, the increasingly strict emission standards of various countries around the globe have undoubtedly promoted policies for greener, cleaner transport. According to a report from Bloomberg New Energy Finance (BNEF) in 2019, Colombia aims to have a "domestic new energy vehicle population of 600,000 vehicles by 2030." As the world's first new energy company to propose the "Electrified Public Transportation" strategy, BYD has become a key player in the wave of transportation electrification sweeping across Latin America. In Chile, as in Colombia, BYD has become the supplier leader for local green transportation: by the end of 2020, the brand had delivered 455 pure electric buses to Santiago, the capital of Chile, with a market share of about 56%.Today, BYD's new energy product footprint has spread across major Latin American markets including Chile, Colombia, Brazil, Barbados, Panama, Costa Rica, Uruguay and Argentina, and is winning market acclaim for its remarkable environmental benefits and reliable quality.About BYDBYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem - comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation - has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.comContactsIn Asia-Pacific: Richard LiPr@byd.com; tel: +86-755-8988-8888-69666In North America: Frank Girardotfrank.girardot@byd.com; tel: +1 213 245 6503In Europe: Penny Pengpenny.peng@byd.com; tel: +31-102070888In Colombia: Lara Zhanglara.zhang@byd.com; tel: +57-3188216395 Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

Numbers game for second Singapore electric motorbike firm Ion Mobility

SINGAPORE - One of Scorpio Electric's former co-founders has started a venture which makes electric scooters for the masses. Mr Joel Chang, chief operating officer of Ion Mobility, told The Straits Times he left Scorpio because he felt targeting an electric two-wheeler at the masses would be a more efficient way of addressing air pollution - a key mission of the start-up. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

Read More
Posted on

Electric dreams: Sports car seller unveils prototype of first Singapore-made e-scooter

SINGAPORE - Why would a businessman who made his fortune selling high-end sports cars embark on a motorcycle-making venture? "I saw the opportunity to build my own brand," said Mr Melvin Goh, chief executive of Scorpio Electric, which expects to roll out Singapore's first electric scooter in two years' time. "This is a once-in-a-lifetime chance to create something new." Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

Read More
Posted on

BYD Delivers Largest Pure Electric Bus Fleet in Colombia

Bogota, Colombia, Dec 21, 2020 - (ACN Newswire) - On December 17, BYD announced the delivery of 470 pure electric buses to Bogota, the capital of Colombia. This is the country's largest pure electric bus fleet, and also the largest bus fleet BYD has delivered in the Americas, which will effectively promote the already fast-growing electrified public transport systems in Colombia, Latin America and the entire Americas.120 BYD electric buses delivered to BogotaEach bus takes 1.5 to 2.5 hours to fully charge, with a cruising range that exceeds 300 kilometers on a single chargeClaudia Nayibe Lopez Hernandez, Mayor of Bogota (fourth from left, first row) and Lara Zhang, Regional Director of BYD Latin America (third from right, first row) were among those in attendance at the delivery and operation ceremonyThe Bogota City Government and the Bogota City Public Transport Authority (TRANSMILENIO S.A) held a grand launch and delivery ceremony for the first batch of 120 buses. This batch of buses will be delivered to 9 bus routes across the city by TRANSMILENIO S.A on December 26, 2020, and will serve approximately 69,300 passengers along the routes. The remaining 350 units will be put on the other 30 routes during the first quarter of 2021, by which time a total of 302,000 passengers can enjoy the zero-emission bus service.Also supporting the bus fleet is a charging station located in the Fontibon district of Bogota, which is equipped with 56 double-gun electric chargers with a power of 150KW. The construction of the charging station, the installation of the chargers and the power supply are handled by Codensa, a joint venture established by ENEL, an Italian power grid company and the Bogota Energy Group. When the buses and charging stations are officially put into operation, it is estimated that more than 400 job opportunities will be created for the local communities, including drivers, logistics and maintenance personnel.The 120 buses include 12-meter and 9-meter models, with a passenger capacity of 80 and 50 people respectively. They take 1.5 to 2.5 hours to fully charge, with a cruising range that exceeds 300 kilometers on a single charge, which can easily meet the buses' daily operating mileage of 260 kilometers. Compared with diesel buses, BYD's pure electric bus fleet will save 12,500 tons of carbon dioxide and 2.5 tons of dust particles from being emitted every year.In addition, each bus comes equipped with a driver safety cabin, TV, WIFI, security cameras, intelligent transport system, mobile phone charging USB interfaces, access platform for people with disabilities, and other people-centric features."Today is a historic day that we can record in the history of Bogota," said Claudia Nayibe Lopez Hernandez, the Mayor of Bogota: "This is thanks to the joint efforts of many talented Colombians. We want to buy more electric buses, preferably, that allow us to remove the old diesel and gasoline fleet, and renew it with clean, electric buses, providing more and better services for citizens."Felipe Ramirez Buitrago, General Manager of TRANSMILENIO S.A, briefly introduced the plans for charging stations and the significance of the fleet. "The Fontibon charging station put into operation today is the first pure electric bus charging station in Bogota. Three other charging stations will be put into operation in other districts of the city. By then, Bogota will operate a total of 483 pure electric buses, of which 470 will come from BYD. This is the largest pure electric bus fleet in the country, highlighting and consolidating Colombia's status as a model for environmental protection in Latin America.""Bogota is undergoing a historic moment," said Lucio Rubio Diaz, General Director of the Enel Colombia: "We are always committed to the transition to clean energy, and this project plays an important role. By building green and environmentally friendly charging stations, we have made a positive contribution to the sustainable development of Bogota, improving air quality for citizens, improving the quality of life, and providing more comfortable zero-emission travel services.""It feels really great that our dream come true," said Ricardo Sierra, President of Colombia's bus procurement company Celsia. "TRANSMILENIO S.A and Bogota City are leaders in electric buses, and they are setting an example for many cities seeking to develop zero-emission bus systems. I congratulate the citizens of Bogota, who will soon experience the unique charm of eco-friendly buses." This batch of 120 buses was purchased by Celsia and then delivered to the local bus operator Gran Americas Fontibon I SAS, with a concession duration of 15 years."During the pandemic, BYD has overcome all difficulties, completed production with quality and quantity and delivered on time," said Lara Zhang, the Regional Director of BYD Latin America. "BYD's dedication to zero-emission technology innovation fits perfectly with the commitment of the city of Bogota and TRANSMILENIO S.A to sustainable development." The buses were produced by BYD's bus plants in Nanjing and Hangzhou and then shipped to Buenaventura Port in Bogota."Today, Bogota is at the forefront of zero-emission public transportation," said Juan Luis Mesa, General Manager of BYD Colombia. "To demonstrate the all-round strength of the vehicle's range and driving performance, we took a bold approach: from the day the buses arrived at the port, we drove all the way to Bogota, covering about 500 kilometers along the way, passing through 4 cities, and people along the way were very surprised. We feel confident that the bus fleet has successfully attracted the attention of the public before it even begins operations, and they are eager to experience this new technology."BYD entered the Colombian market in 2012 and made several milestone achievements: building the first pure electric taxi fleet in South America in 2013, entering the Bogota BRT system in 2017. It's also delivered 64 electric buses to Medellin in 2018, and delivered 470 units for the largest pure electric bus fleet in Colombia in 2020.Throughout Latin America, BYD's new energy vehicle footprint has spread to major markets including Chile, Colombia, Ecuador, Brazil, Costa Rica, Uruguay and Argentina. The brand has gained market praise for its remarkable environmental benefits and reliable quality, and continues to promote the electrified public transportation across the Americas. Globally, BYD's green transport offerings have spread to over 300 cities, operating in more than 50 countries and regions.About BYDBYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem - comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation - has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.comContacts In Asia-Pacific: Richard LiPr@byd.com; tel:+86-755-8988-8888-69666In North America: Frank Girardotfrank.girardot@byd.com; tel: +1 213 245 6503In Europe: Penny Pengpenny.peng@byd.com; tel: +31-102070888In Colombia: Lara Zhanglara.zhang@byd.com; tel: +57-3188216395 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

Toyota Moves Closer to Production with Next Generation Fuel Cell Electric Technology for Zero-Emissions Heavy Duty Trucks

Texas, Dec 11, 2020 - (JCN Newswire) - Toyota's next generation fuel cell electric technology is now powering a new set of Class 8 heavy-duty trucks. Using the same fuel cell system as the all-new 2021 Mirai sedan that goes on sale this month, the engineers at Toyota Motor North America Research and Development have developed a set of production-intent prototype trucks that are being prepared to run drayage routes at the ports of L.A. and Long Beach to validate their performance, efficiency and drivability.Designed to be flexible enough to meet the needs of a wide variety of OEM truck makers, the new fuel cell electric system in the latest prototypes has been adapted to a Kenworth T680 chassis. A more compact hydrogen storage cabinet behind the cab houses six hydrogen tanks with the same capacity as previous prototypes while a new, more powerful lithium-ion battery helps smooth out the power flow to the electric motors. In this configuration, the second generation fuel cell system delivers over 300 miles of range at a full load weight of 80,000 lbs., all while demonstrating exceptional drivability, quiet operation, and zero harmful emissions."This is an important step in the transition to emissions-free heavy-duty trucks," said Andrew Lund, Chief Engineer, Toyota Motor North America Reseach and Development. "Our first prototype trucks proved that a fuel cell electric powertrain was capable of hauling heavy cargo on a daily basis. These new prototypes not only use production-intent hardware, they will also allow us to start looking beyond drayage into broader applications of this proven technology."Reducing airborne pollution at the Ports of L.A. and Long Beach is an important driver of this program. Toyota's Environmental Challenge 2050 aims to almost completely eliminate CO2 emissions from our vehicles, operations and supply chain by 2050. Converting the drayage trucks that currently serve these ports to electric drivetrains would move us closer to that goal while improving the quality of life of operators, workers, and communities in and around the ports. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

Read More
Posted on

China Dynamics Launches Electric Buses in Davao, Philippines

HONG KONG, Dec 11, 2020 - (ACN Newswire) - China Dynamics (Holdings) Limited (the "Company"; (Stock Code: 476), together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new energy vehicles and technology integrated solutions, today launched its electric buses in Davao, the Philippines' third largest city, marking the official use of the electric buses that it delivered earlier, as well as the expansion of the Group's sales network in Southeast Asia and the implementation of its internationalization strategy. The Group also launched its electric buses in Pasay City in Metro Manila at the beginning of this month. Davao City Mayor Ms. Sara Z. Duterte, Mr. Rodger Velasco, President of Davao Light and Power, Mr. Freddie Tinga, President of Global Electric Transport ("GET Philippines"), the first electric bus operator in the Philippines, and Mr. Miguel Valldecabres Polop, CEO of China Dynamics, attended the launch ceremony and witnessed how China Dynamics pioneered public transportation in Davao with its electric buses that are tailor-made for the Philippine market, thus protecting the environment and helping improve traffic in the city. The electric bus, running on fast-charging lithium ion batteries, is equipped with full air-conditioning and a retractable ramp that has been specially designed to meet the needs of persons with disabilities and the elderly. Leveraging the Group's advanced cloud-based software, which monitors the vehicle's diagnostics to determine potential maintenance issue, thus significantly improving the vehicle safety and performance, the electric bus will be able to deliver efficient, reliable and comfortable transport service to the public.Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "The comprehensive development blueprint formulated by the Philippine Government will present enormous opportunities to the new energy vehicles market. Given this, along with the rapid growth of our electric bus and electric vehicles business in other Southeast Asian countries, the Group is expected to obtain more orders for electric buses accordingly. We are accelerating the pace of the Group's sales in other ASEAN countries in a bid to take our business to the next level."Mr. Cheung Ngan, Chairman of China Dynamics, said, "Development of green transportation has become a global focus. China Dynamics will ride on the global trend in the continuing development of new energy industry and will respond to the needs of the international community by drawing on our technological advantages in new energy vehicles. We will also capture opportunities arising from the environmental protection market to further expand our business to overseas markets. After the launch of the first electric accessible minibus in Hong Kong and the introduction of our electric buses in the Philippines, we will soon deliver 12-metre complete chassis for electric buses to Latin America and logistics vehicles to Europe, thus fulfilling the Group's commitment to contributing to environmental protection and to society."About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and practitioner in the field of new energy commercial vehicles in China and a whole vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider, with a solid technological foundation in areas including new energy platform power system and its key components, light structural design, fuel cell system integration technology and intelligent network technology. The Group has two production bases in Chongqing, one in Wulong and the other in Qijiang. Moreover, the Group will actively develop the Hong Kong and overseas bus markets. It has different models of new energy commercial vehicles launched to the market for sale as permitted and announced by the Ministry of Industry and Information Technology.Media EnquiryStrategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkCarrie Leung +852 2114 4912 carrie.leung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

China Dynamics Delivers its First Air-conditioned Electric Buses to the Philippines

HONG KONG, Nov 19, 2020 - (ACN Newswire) - China Dynamics (Holdings) Limited (Stock Code: 476, together with its subsidiaries, collectively referred to as "China Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, is pleased to announce that the Group has completed the delivery of electric buses to Davao, the third largest city in the Philippines. This successful effort not only demonstrates the Group's commitment to establishing a foothold overseas, but also highlights its competitive advantages in the new energy vehicles market. China Dynamics has completed the delivery of electric buses to Davao, the third largest city in the PhilippinesChina Dynamics tailor-made the electric vehicle for downtown shuttle service in the Philippines. The electric bus, running on fast-charging lithium ion batteries, is equipped with full air-conditioning and a retractable ramp that has been specially designed to meet the needs of persons with disabilities and the elderly - the first of its kind in the Philippines public transportation network. Leveraging the Group's advanced cloud-based software, which monitors the vehicle's diagnostics to determine potential maintenance issue, the electric bus will be able to deliver efficient, reliable and comfortable transport service to the public.Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "We see tremendous opportunities emerging from the Philippines, given that the country aims to have 21% of its vehicle population become electric by 2030 . This means that thousands of small buses (i.e. jeepneys) currently in operation will need to be replaced. Besides, we are truly grateful to have Global Electric Transportation ("GET"), the first electric bus operator in the Philippines, become our business partner and proponent, supporting our commitment and dedication to environmental and social progress. Such cooperation will undoubtedly lead to significant milestones for China Dynamics going forward."As the most popular mode of transportation in the Philippines, around 270,000 franchised jeepneys are estimated in operation in the country. Many of these vehicles use second-hand and poorly maintained engines that significantly contribute to urban air pollution. Under the Comprehensive Roadmap on electric vehicles devisd by the government, about 60,000 jeepneys are expected to be modernized. GET is one of the main players that aim to deliver zero-emission vehicles to replace the old jeepneys. Its goal is to bring pollution-free transportation to the Philippines and improve the living conditions for the local population. Mr. Cheung Ngan, Chairman of China Dynamics, believes the electric bus order is a testament to the Group's strong fundamentals. He said, "The launch of the electric bus in the Philippines further highlights China Dynamics' core technological advantages in the burgeoning new energy vehicle market. Together with the successful launch of our first electric accessible minibus in Hong Kong earlier this month, we are confident in securing more orders from both the overseas and local market. As we do so, China Dynamics will be able to generate favorable returns and move closer towards realizing its sustainable business strategy." About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and practitioner in the field of new energy commercial vehicles in China and a whole vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider, with a solid technological foundation in areas including new energy platform power system and its key components, light structural design, fuel cell system integration technology and intelligent network technology. The Group has two production bases in Chongqing, one in Wulong and the other in Qijiang. Moreover, the Group will actively develop the Hong Kong and overseas bus markets. It has different models of new energy commercial vehicles launched to the market for sale as permitted and announced by the Ministry of Industry and Information Technology.Media EnquiryStrategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkCarrie Leung +852 2114 4912 carrie.leung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

DENSO Takes a Stake in Envoy, an EV Startup Serving the Commercial Real Estate Industry’s Mobility Needs

KARIYA, JAPAN, Nov 13, 2020 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced it has taken a stake in Envoy Technologies, an electric vehicle (EV) startup based in Culver City, California, that offers mobility services to the commercial real estate (CRE) industry. Through the investment, DENSO aims to create new revenue streams by offering the benefits of Mobility-as-a-Service (MaaS) to businesses, helping them move employees, customers and things more efficiently and safely. Founded in 2017 by real estate and tech entrepreneurs Aric Ohana and Ori Sagie, Envoy partners with CRE industry leaders to offer onsite mobility services like electric carsharing and EV charging for apartments, offices, and hotels. Envoy's Mobility as an Amenity service is a turn-key solution that includes technology to reserve and access vehicles, driver insurance, maintenance, and electric vehicle chargers. Even in the face of a global pandemic, the company has experienced record utilization amounting to more than 1.25 million electric miles driven. Envoy is currently available in 10 states and 14 markets in the U.S."Early on, we realized that the world's transition to electric mobility will significantly impact our built world. With investors like DENSO, along with others from commercial real estate, mobility, and energy, we are poised to accelerate that transition sustainably," said Aric Ohana, Envoy's co-founder and CEO"DENSO's global reach and involvement in all things mobility will provide Envoy the ability to scale with its products and services, and standardize electric mobility as well as related energy solutions within communities around the world," added Ori Sagie, Envoy's co-founder and Executive Chairman.By taking a stake in the company, DENSO will strengthen Envoy's ability to propose and implement mobility services, identify the requirements and functions of vehicles used in EV carsharing services, and create new business models that link commercial properties with mobility."As mobility needs change, DENSO continues to change along with them," said Yoshifumi Kato, a senior executive officer at DENSO Corporation. "Collaborating with Envoy allows us to combine our expertise in electrification and fleet management with their knowledge of commercial real estate, helping us both improve mobility for businesses so they can accomplish their goals more seamlessly."DENSO has long been focused on the MaaS market, and it is a key part of the company's Second Founding, a strategic shift that has pushed DENSO into new mobility areas. In support of this, DENSO has actively built strategic partnerships in and outside Japan to meet the needs of an array of mobility providers. These have included taking stakes in MaaS Global, a Finland-based developer of Whim* the world's first full-fledged MaaS service, and Bond Mobility, which offers micromobility services in urban environments.DENSO continues to seek additional partnerships and innovations in MaaS to help create transportation solutions that are safer, more secure and greener for all.* WhimThis application provides an optimal mobility experience by combining various means of transport, such as buses, taxis, bicycles, and car sharing. https://whimapp.com/About DensoDENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

Read More
Posted on

China Dynamics Launches First Electric Accessible Minibus in Hong Kong

HONG KONG, Nov 12, 2020 - (ACN Newswire) - China Dynamics (Holdings) Limited (Stock Code: 476, together with its subsidiaries, collectively referred to as "China Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, announced the official launch of its self-developed Pure Electric AI Accessible Minibus in Hong Kong today, marking the introduction of the first accessible electric minibus in the city. The Group held a launch ceremony at Hong Kong Science and Technology Parks (HKSTP), which allowed representatives from the environment technology sector, automobile industry and social welfare sector to gain a better understanding of the green and energy saving features of the electric minibus, including its ability to complement the needs of a caring and inclusive society.Mr. Cheung Ngan, Chairman of China Dynamics (Eighth from left), and Mr. Fung Ho Yin, Owin, Deputy Director of Environmental Protection Department (Seventh from left) and other officiating guests, officiate at the launch ceremony for the first electric accessible minibus in Hong Kong.The Pure Electric AI Accessible Minibus features seats developed by China Dynamics that can be arranged according to customers' requirements. The vehicle is also equipped with a low platform and easily accessible passage way that suit the needs of people with disabilities and the elderly. In the photo are Mr. Cheung Ngan, Chairman of China Dynamics (First from left) and Ms. Rabi Yim Chor-pik, Chairman of Direction Association For the Handicapped (Second from left).The 7m Pure Electric AI Accessible Minibus is powered by high-performance lithium iron phosphate batteries, emits no pollutant when in operation, and only requires 30 to 60 minutes of charging time to achieve a range of 200 kilometers. In addition, the minibus is fitted with features that are a first for such vehicles, including automatic emergency braking system, lane departure warning system and fatigue driving alarm, helping to substantially enhance safety and stability. Mr. Miguel Valldecabres Polop, CEO of China Dynamics, believes the electric minibus not only sets new benchmarks in environmental protection and safety for Hong Kong minibuses, but also assists in promoting an inclusive society, and said, "The cramped surroundings and long stairs found in Hong Kong's public transport system represent obstacles for people with impaired mobility, curbing their desire to go out. We understand their difficulties, which is why we have designed this spacious minibus for use on Hong Kong roads. In addition to twelve passenger seats, the vehicle has enough space for four wheelchairs, and it is also equipped with an extra-low platform that provides convenient access for people with disabilities and for seniors, thereby easing their worries about going out."Mr. Cheung Ngan, Chairman of China Dynamics, said, "Our 7m Pure Electric AI Accessible Minibus boasts such attributes as smooth operation, high safety and zero emission, which will help improve air quality as well as showcases the Group's new energy vehicle technologies. That, plus the various accessibility features, will make the minibus well-received by local medical and social welfare organizations. With excellent technological advantages and product quality, we are confident that electric vehicle sales will grow in Hong Kong, which in turn will lead to the prompt securing of orders from overseas markets including Southeast Asia, South America and Europe. Such developments will enable us to further expand our business scale, raise production capacity and improve operational efficiency, leading to satisfactory returns." About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and practitioner in the field of new energy commercial vehicles in China and a whole vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider, with a solid technological foundation in areas including new energy platform power system and its key components, light structural design, fuel cell system integration technology and intelligent network technology. The Group has two production bases in Chongqing, one in Wulong and the other in Qijiang. Moreover, the Group will actively develop the Hong Kong and overseas bus markets. It has different models of new energy commercial vehicles launched to the market for sale as permitted and announced by the Ministry of Industry and Information Technology. Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Read More
Posted on

$5k rise in rebates on cleaner cars, surcharges for pollutive ones, to kick in next year

SINGAPORE - Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022 under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In addition, surcharges for more pollutive cars will also be increased by $5,000 for cars, and $7,500 for taxis, in the carrot-and-stick model. This will kick in on July 1, 2021, instead of the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and the Land Transport Authority (LTA) said in a joint statement on Thursday (Nov 12). The authorities say the move will help to steer Singapore towards its goal of phasing out internal combustion engine vehicles by 2040. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES scheme was introduced in 2018 to reduce carbon emissions on Singapore's roads. It categorises vehicles based on emissions across five pollutants, with each category's rebate or surcharge calibrated accordingly. The NEA and LTA said it has been effective in encouraging the purchase of cleaner car models, with the number of new cars that qualify for the cleanest two bands increasing by 60 per cent between the third quarter of 2018 and the first quarter of this year. The number of those in the most pollutive two bands have fallen by around 20 per cent in the same time period. The enhanced VES is also a boon for aspiring electric car buyers, whose car models often fall under the cleanest bands. Together with the early-adoption incentive scheme for electric vehicle buyers announced by the LTA in February - which offers rebates capped at $20,000 per vehicle - the increased rebates under the VES will allow for savings of up to $45,000 for each new fully electric car. More on this topic   Related Story Parliament: S'pore needs more than the planned 28,000 electric vehicle charging points by 2030, says Ong Ye Kung   Related Story Why building an electric car is so expensive, for now Transport Minister Ong Ye Kung said on Thursday that industry watchers believe that costs for motorists choosing between electric vehicles and internal combustion engine vehicles will equalise by around 2025, or earlier. Electric models are now still generally more expensive, and there were only 1,125 electric cars on the road as at January 2020. Mr Ong also referred to Singapore's electric vehicle charging infrastructure, which has been cited as a potential bottleneck by industry watchers who believe the lack of chargers could stop Singapore's electric dreams in its tracks. Singapore currently has 1,800 charging points and is planning to increase this to 28,000 by 2030. More on this topic   Related Story Which mode of transport is the most carbon-efficient?   Related Story Singapore solar power firm to install 10,000 electric vehicle charging points here by 2030 Mr Ong repeated what he said in Parliament in October that the authorities are reviewing this plan to see if it could be made more ambitious by roping in commercial parties. "What is clear is that EVs (electric vehicles) will become a reality, but we need to embrace and promote it," he said. The LTA and NEA also added that it will be contacting industry stakeholders on possibly further tightening the vehicle categories under the VES in future.

Read More