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SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million

HONG KONG, Dec 29, 2022 - (ACN Newswire via SEAPRWire.com) - The leading provider of fuel cell systems in China - Beijing SinoHytec Co., Ltd. ("SinoHytec" or the "Company", Stock Code: 2402), today announced the proposed listing of its shares on the Main Board of the Stock Exchange of Hong Kong Limited ( the "Hong Kong Stock Exchange"). SinoHytec plans to offer an aggregate of 17,628,000 H shares under the Global Offering (subject to the Over-allotment Option), comprising an International Offering of 15,865,200 H shares (subject to Reallocation and the Over-allotment Option), representing 90% of the initial offer shares; and Hong Kong Public Offering of 1,762,800 H shares (subject to Reallocation), representing 10% of the initial offer shares), at a price range between HK$60 and HK$76 per Offer Share. The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday). Dealings in the shares of SinoHytec on the Main Board of the Hong Kong Stock Exchange is expected to commence on January 12, 2023 (Thursday), with the stock code 2402 and in board lots of 50 Offer Shares each.Guotai Junan Capital Limited and Giraffe Capital Limited are the Joint Sponsors.SinoHytec is a leading provider of fuel cell systems in China, focusing on the design, development and manufacture of fuel cell systems and stacks (a key component of the system) mainly for commercial vehicles, such as buses and trucks. According to the China Insights Industry Consultancy Limited Report ("CIC Report"), the company ranked first in the PRC fuel cell system market in terms of the total power output of fuel cell systems sold* in 2021, with a market share of 27.8%; and in 2021, fuel cell systems accounted for approximately 0.8% of the total sales volume of new energy systems for commercial vehicles, while lithium battery systems accounted for the rest of the total sales volume. As of June 30, 2022, the company's fuel cell systems were installed on 80 models of fuel cell vehicles that are featured in the MIIT New Energy Vehicle Catalogs, ranking us first in the industry.Leader in China's fast growing fuel cell system marketEstablished in 2012, the company is a pioneer in the R&D and commercialization of fuel cell systems in China and started batch production in 2016. The company also participated in the fuel cell vehicle development and commercialization scheme of the United Nations Development Programme in China and witnessed the progress of the PRC fuel cell industry from the R&D phase to pilot testing and to commercialization. The company's fuel cell systems are installed on commercial vehicles operating across various PRC cities, including Beijing, Zhangjiakou, Shanghai, Chengdu, Zhengzhou and Zibo. As of December 20, 2022, the company's fuel cell systems have powered over 2,800 fuel cell vehicles on the road in China. These vehicles had an average mileage of around 40,000 kilometers per vehicle, accumulating over 108.6 million kilometers and 2.3 million hours of operations, which built an industry leading record.Strong research and development capabilitiesThe Company adheres to a R&D principle of "Advance Research", "Continuous Development" and "In-depth Promotion". The key objectives of the Company R&D and product testing activities are to optimize and upgrade the company products' adverse weather capabilities, durability, reliability, efficiency, safety and economy. As of June 30, 2022, the Company has establised an outstanding R&D team of 270 members. The Company also cooperated with leading research universities in China, such as Tsinghua University, to facilitate the development and commercialization of innovative fuel cell technologies so that the Company can respond to the fast-changing market demands.The Company's R&D team has progressively developed the 30kW, 40kW, 50kW, 60kW, 80kW, 100kW, 120kW and 150kW models of fuel cell systems over the years. In particular, the Company launched the 240kW high power output model in December 2021, which is the first automotive fuel cell system in China that can reach a rated power of 240kW.In addition, the Company participated in and achieved significant results in various R&D projects sponsored by the PRC government. As of June 30, 2022, the Company had over 590 patents, including over 210 invention patents, over 360 utility model patents, and 20 design patents. In addition, the Company has more than 590 patent applications that have been accepted by the State Intellectual Property Office of China.* Sales volume of fuel cell systems comprises only direct sales to fuel cell vehicle manufacturers.Solid partnerships with major PRC commercial vehicle manufacturersThe Company has built solid long-term partnerships with major commercial vehicle manufacturers in China, such as Beiqi Foton, Yutong Bus and Geely Commercial Buses, through jointly undertaking national-level R&D projects and codeveloping, demonstrating and testing fuel cell vehicles. In particular, Beiqi Foton and Yutong Bus purchased the Company's fuel cell systems on order basis since 2016 and 2018, respectively, for the production of their fuel cell vehicles. The Company codeveloped with Toyota and Beiqi Foton transit buses using the Company's fuel cell systems which are designated as the official transport vehicles at the Beijing 2022 Olympic Winter Games. As of June 30, 2022, the Company has sold fuel cell systems to over 20 commercial vehicle manufacturers whose total fuel cell vehicles sold in 2021 represented nearly 60% of the market share in China. In addition, Beiqi Group and Yutong Bus have become the company Shareholders and strategic partners, representing the recognition of us by the downstream players of the fuel cell vehicle industry.Integrated components supply system and close cooperation with suppliersAfter years of dedication, the Company built a comprehensive procurement system with local suppliers. During the Track Record Period, the Company has established a relatively stable long-term relationship with over 300 suppliers in China, providing parts such as MEA and air compressors. During the Track Record Period, the company had localized the supply of MEA and procured more raw materials from local suppliers each year.Mr. Zhang Guoqiang, Chairman, Executive Director and General Manager of SinoHytec said, "Our mission is to leverage advanced hydrogen fuel cell technologies to contribute to China's carbon emission peak and carbon neutralitygoal and empower global energy transition. We are committed to becoming a global leader in hydrogen fuel cell technologies for promoting a sustainable and low-carbon future. New energy vehicle development is strategically significant to China's energy security and environmental protections. We intend to achieve this goal by implementing the following strategies: further advance the R&D of fuel cell systems and core components; expand the production capacity of fuel cell stacks to meet the growing market demand and achieve economies of scale; strategically expand our customer base and geographical coverage; expand and strengthen our supply chains; and improve our brand awareness and promote the application of fuel cell systems. We will grasp the opportunities arising in future trend and development of the industry, leverage on our competitive advantages to further consolidate SinoHytec's market position, and create the greatest value for shareholders and investors."Beijing SinoHytec Co., Ltd.Fact SheetInformation on the Global Offering:Number of Offer Shares under the Global Offering: 17,628,000 H Shares (subject to the Over-allotment Option)Number of Hong Kong Offer Shares: 1,762,800 H Shares (subject to reallocation)Number of International Offer Shares: 15,865,200 H Shares (subject to reallocation and the Over-allotment Option)Maximum Offer Price: HK$76.00 per H Share, plus brokerage fee of 1.0%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of 0.00565% (payable in full on application in Hong Kong dollars and to refund)Board Lot: 50 H SharesStart of the Hong Kong Public Offering: 9:00 a.m., December 29, 2022 (Thursday)End of the Hong Kong Public Offering: 12:00 noon, January 5, 2023 (Thursday)Announcement of Allotment Results: January 11, 2023 (Wedsnesday)Expected Listing Date: January 12, 2023 (Thursday)Stock Code: 2402Use of Proceeds:The Company estimates that it will receive net proceeds of approximately HK$1121.8 million from the Global Offering, after deducting the underwriting commissions, fees and estimated expenses payable by the Company in connection with the Global Offering, assuming that the Over-allotment Option is not exercised and assuming an Offer Price of HK$68 per Share (being the mid-point of the indicative Offer Price range). The Company intends to use the net proceeds for the following purposes: 1) Approximately 75.0% (approximately HK$841.2 million) will be used to fund the research and development in the next three years;2) Approximately 15.0% (approximately HK$168.4 million) will be used for improving the brand recognition through product promotion and multi-channel marketing in the next three years; 3) Approximately 10.0% (approximately HK$112.2 million) will be used for working capital and other general corporate purposes. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Fukuoka Prefecture and CJPT Enter Partnership to Implement FC Mobility Expansion Initiatives

TOKYO, Dec 26, 2022 - (JCN Newswire via SEAPRWire.com) - Fukuoka Prefecture and Commercial Japan Partnership Technologies Corporation (CJPT) have entered a partnership agreement that includes jointly implementing initiatives to expand the adoption of fuel cell electric vehicles (FC mobility) for vehicles that underpin our daily lives in the logistics industry, public transportation, and official government use. The aim is to advance the development of a hydrogen society to achieve carbon neutrality.Hydrogen is being positioned as a key technology for carbon neutrality in the national government's Green Growth Strategy. Fukuoka Prefecture also announced a new hydrogen strategy, the Fukuoka Prefecture Hydrogen Green Growth Strategy, in August of this year. As part of this, the prefectural government will conduct targeted initiatives toward "innovations in hydrogen generation," including expanding the use of green hydrogen, which does not emit CO2 during generation, "expansion of hydrogen use" in factories and mobility, and "concentration of hydrogen-related industries" through these activities. The prefecture is particularly focusing on the early adoption of trucks and other commercial FC mobility options with stable, large-volume hydrogen requirements. The aim is to make hydrogen fuel more accessible to residents of the prefecture while expanding its use and promoting industrial and regional development.CJPT is working on electrification and logistics efficiency as initiatives to accelerate the implementation and expansion of CASE technologies in society, help address social issues, and contribute to carbon neutrality. In terms of electrification, in addition to hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs), CJPT is also working to implement a commercial and public FC mobility plan that make electrified vehicles part of daily life to expand the use of hydrogen in light of Japan's energy situation. Hopes are that these cross-industry partnerships will spread cooperation between as many people as possible to create a hydrogen society.To help achieve Japan's goal of carbon neutrality by 2050, there is a growing need for concrete initiatives aimed at building sustainable societies that can be passed on to future generations. With this in mind, Fukuoka Prefecture and CJPT have been discussing their shared ambition of creating a hydrogen society and have entered into this partnership agreement today to jointly implement the following initiatives for expanding the use of FC mobility,Joint initiative framework1. Planning and implementing the adoption of FC mobility for commercial and official government vehicles using FC electric trucks and passenger vehicles2. Planning and implementing the adoption of FC mobility for regional transportation, etc.3. Promotion of infrastructure development toward the use of heavy-duty FC mobility options on main arterial routesSpecific initiatives under this partnership include working to further expand the use of FC mobility, starting with the adoption of light-duty FC electric trucks by logistics operators this financial year. In addition to increasing the adoption of light-duty FC electric trucks for distributing food, daily necessities, and other goods, the partnership will consider and plan a staged expansion of FC mobility over the medium to long term. This will include use of fuel cell electric vehicles for official public duties such as garbage compactor trucks (trash collection) and ambulances. It will also include the adoption of large FC electric buses for regional transportation and small FC electric buses in regions with smaller populations. Finally, it will include development of infrastructure, etc. designed for heavy-duty FC mobility options, including using long-haul trucks on main arterial routes.Starting in Fukuoka Prefecture, which has among the largest number of trucks in western Japan and where hydrogen is already in use, and looking to expand across Kyushu, Fukuoka Prefecture and CJPT will work together to develop a practical and sustainable hydrogen society. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Fully Charged Wuling Motors Sets Sail On Completion of the Restructuring of New Energy Business

HONG KONG, Dec 1, 2022 - (ACN Newswire via SEAPRWire.com) - It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.After the restructuring, Wuling New Energy would integrate the resources from the group companies of Wuling Motors and focuses on R&D, manufacturing, and sales of new energy vehicles. According to public information, Wuling New Energy has a respectable performance in the domestic market. At present, it has the second-largest market share in the market segment of new energy logistics vehicles. The plug-in hybrid new model G200, for the commercial and multi-purpose segment market, is expected to be launched in early 2023. As regards the international market, Wuling New Energy also performs well. On 2 September 2022, Wuling New Energy delivered a pure electric logistics vehicle prototype to Japanese clients and successfully entered into agreement for mass production. The pure electric logistics vehicle is expected to commence mass production by the end of April 2023 with a target sale volume of 100,000 vehicles in five years.Not long after Wuling New Energy appears in the public eye, good news continues to come out. It can be seen that the integration of prime assets and resources has given Wuling New Energy a solid operating foundation. Relevant resources revealed that Wuling New Energy products have already developed a product pipeline with a batch of products being launched or ready to be launched to the market, a batch of products under research and development, and a batch of products under the design and planning process. In essence, a spectrum plan of products has been initially constructed, which could allow Wuling New Energy to capture the tremendous future market potential under this promising environment for the new energy vehicle industry. It is worth mentioning that, according to the Letter of Intent relating to the capital injection project to Wuling New Energy released in December 2021, Wuling Motors has intention to become the controlling shareholder of Wuling New Energy by further capital increaser based on its development. Given that Wuling Motors and Wuling New Energy are both subsidiaries of the Guangxi Automobile Group, the development would be sensible if further capital increase can bring long-term benefits to both parties. Overall, with the ample business opportunities provided by the new energy vehicle business, the close cooperation between Wuling Motors and Wuling New Energy in promoting business bestowed upon their own strengths and capabilities will be beneficial to the business operation and development of both. It can be expected that the better Wuling New Energy develops, the more opportunities and sustainable benefits Wuling Motors can enjoy.Indeed, since Wuling Motors announced its restructuring plan in December 2021, it has attracted great attention from the market. According to the relevant news, a smooth kick start of the operation of Wuling New Energy would bring about favourable market responses, which in turn would benefit Wuling Motors from realizing its business strategic layout with promising growth potential. Furthermore, completion of the restructuring would also allow Wuling Motors Industrial Company Limited to transfer the related R&D expenditure on new energy vehicles to Wuling New Energy, from which the R&D costs would be substantially reduced and resources and energy could be more effectively deployed in developing more competitive core component products. At the same time, Wuling Motors Industrial, being a strategic key supplier to Wuling New Energy, together with its keeping of the export business will continue to serve as a solid and steady growth driver in contributing to the business performance of Wuling Motors.Essentially, Wuling Motors has already actively expanded the new energy parts industry, including various types of new energy electric rear axles, motors, electronic controls, hybrid power systems, and other products. Sales volume of electric motors and electronic controls has just exceeded the volume of 10,000 units. Recently, Wuling Motors Industrial has also celebrated the milestone of the production of the one-millionth car-axle component for new-energy vehicle, impressively making it the first enterprise in China in reaching the 1,000,000 units of the miniature integral electric rear axle in less than three years period. In terms of hybrid-power systems, Wuling Motors has successfully developed its hybrid power system products for new energy vehicles, achieving a reduction in fuel consumption of more than or equal to 30% as compared with the same type of traditional fuel power vehicles. The high thermal efficiency Atkinson engine was first mass-produced in April this year, and shortly after the high-efficiency and cost-effective HEV hybrid powertrain was also mass-produced in June, which signified an important step in the transformation and upgrades from traditional fuel vehicle power to new energy vehicle hybrid power. It can be seen the profound R&D and innovation capabilities and strong production and manufacturing capabilities of Wuling Motors would undoubtedly enable it to become a key and well-deserved strategic supplier to Wuling New Energy.The participation of Wuling Motors in the restructuring of Wuling New Energy has not only accelerated the strategic layout of the new energy vehicle field, but also allows Wuling Motors to be more focus on the research and development of automotive components for the new energy vehicles, which represents virtually a full coverage of the entire industry chain of new energy vehicles.Wuling New Energy is now integrated with the prime assets and resources of the group companies of Wuling Motors for enhancing its strengths in the field of new energy vehicles, while the re-positioned Wuling Motors in the new energy business segment is also fully charged with power. The road ahead could be a new era of growth and development. On the back of the favourable government policies with huge market opportunities for grasping, we would wait and see whether Wuling Motors can be succeeded in beating the targets when turning this corner of the race track. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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NEC and Virginia Tech Transportation Institute demonstrate intersection safety using AI-based video analytics

Tokyo & Blacksburg, Nov 10, 2022 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) and Virginia Tech Transportation Institute (VTTI) have successfully carried out a proof of concept (PoC) to provide safety information and warnings to drivers, pedestrians and other road users near intersections using Artificial Intelligence (AI)-based video analysis technologies.In the PoC conducted from June to September of this year, conditions inside and outside an intersection at the Virginia Smart Roads test track were analyzed using information gathered from cameras and video analysis equipment installed on traffic signal poles. NEC provided AI-based video analytics technology that can detect, categorize, and track road users such as vehicles, pedestrians, and bicycles around intersections. In addition, by integrating this technology with a C-V2X(1) system that notifies vehicles and pedestrians of safety information and warnings, the feasibility of an infrastructure-cooperative mobility service in which infrastructure and vehicles exchange information via wireless communication was evaluated.NEC and VTTI also worked on traffic safety use cases such as predicting collisions between vehicle and pedestrian, pedestrian crossing detection, and right/left turn vehicle detection. In these cases, vehicles were successfully notified within 0.5 seconds after the video analysis AI detected the possibility of a collision between a vehicle and a pedestrian. This is expected to be useful in reducing traffic accidents by quickly communicating the risk of collisions at intersections with poor visibility, etc."This PoC combines state-of-the-art AI-based video analytical solutions with C-V2X technology to create social value that contributes to safety and security for vehicles and pedestrians in the vicinity of intersections. These technologies are capable of identifying hazardous situations in areas that can be blind spots for drivers and pedestrians and notifying them of such situations. NEC believes that this solution can contribute to a reduction in crashes and fatalities, as well as to supporting automated driving from roadside infrastructure," said Koji Kikuchi, Senior Director, Smart City Business Development Division, NEC."The concept of infrastructure-cooperative mobility that NEC is aiming for requires highly reliable, low-latency communications via a dedicated network to predict or detect incidents near intersections. VTTI believes this PoC will complement C-V2X technology and improve road safety by informing vehicles and pedestrians of possible traffic hazards when passing through an intersection. VTTI intends to work together with NEC to apply the results of this PoC to intersections on live public roads," said Mike Mollenhauer, Director of the Division of Technology Implementation at VTTI.(1) Cellular Vehicle-to-Everything (C-V2X): A 3GPP standard for V2X applications such as self-driving cars.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.About new windowVirginia Tech Transportation InstituteAs one of seven premier research institutes created by Virginia Tech to answer national challenges, VTTI is continually advancing transportation through innovation and has affected public policy on national and international levels.VTTI has grown from 15 faculty, staff, and students to become the second largest university-level transportation institute in the U.S. with approximately 300 employees. VTTI has effected significant changes in public policies for driver, passenger, and pedestrian safety and is advancing the design of vehicles and infrastructure to increase safety and reduce environmental impacts.In all endeavors, the VTTI community is charged with finding solutions to the greatest transportation challenges facing our world. The faculty, staff, and students of VTTI are truly dedicating their lives to saving lives. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Ev Dynamics Signs Largest Ever Supply Agreement with Bimbo for Electric Delivery Vehicles

HONG KONG, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a leading developer and manufacturer of new energy vehicles (NEVs), has signed a definitive agreement to supply electric last-mile delivery vehicles to the world's largest bakery company Grupo Bimbo, S.A.B. de C.V. ("Bimbo"). The first 10 testing units delivered in the first quarter this year match all requirements of Bimbo in meeting daily last mile delivery needs.With Ev Dynamics chassis fitted with its rear body, the delivery vehicle of Bimbo, the world's largest bakery company, has the private label "VEKSTAR Electric Vehicles" boldly displayed on the exterior. The contract has been signed for a period of five years, with the first batch of 200 vehicles expected to be shipped to Bimbo's Mexico City distribution center in the first quarter of 2023, and subsequent quantities to be determined by separate purchase orders. In total, no fewer than 1,000 vehicles are expected to be delivered under this master contract, making it the largest order in the Group's history. The vehicles will have an e-platform chassis that houses the drivetrain, battery and vehicle control unit, and the cab to be fitted with Bimbo's existing delivery vehicle rear body. They will serve Bimbo's distribution channels in the Mexico City metropolitan area as well as the central and southern regions of Mexico.Miguel Valldecabres Polop, CEO of Ev Dynamics, said: "We are proud to support Bimbo's strong and long-standing commitment to environmentally friendly solutions. This new major global supply agreement from a leading multinational corporation is solid proof of the endorsement our B2B new energy vehicle solutions enjoy. With them, our customers can significantly reduce development costs and hasten regulatory approvals typically required for new vehicle designs, hence be able to quickly deploy electric vehicles." With the first 10 testing units delivered in the first quarter this year found meeting Bimbo's daily last mile delivery needs, the Group is now focusing on mass production to warrant the status as one of the main electric van platform suppliers of Bimbo.The new Ev Dynamics electric vehicles give a welcomed brace to Bimbo, which recently announced its commitment to achieving net zero carbon emissions by 2050, and its plan to add 4,000 NEVs to its fleet next year. Bimbo currently operates the largest fleet of electric distribution vehicles in Mexico and one of the largest distribution networks in the world. It has more than 3.3 million points of sale in 33 countries, and over 138,000 associates servicing more than 55,000 delivery routes. Miguel Valldecabres Polop continued: "There is a huge demand for electric vehicle customization solutions in Latin America, Asia, and Europe. Proven capable of offering high-tech, sustainable and innovative electric vehicle solutions, we are optimistic about achieving fruitful results as we speed up promoting business and sales, capitalizing on our distinctive presence in the international electric vehicle segment."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and an emerging prominent player in the world's new energy commercial vehicles market. It is a component and whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It provides integrated driving and logistics solutions backed by its solid technological foundation in areas including new energy platform power systems and key components. Its NEV R&D center is in Shenzhen and manufacturing base is in Wulong, Chongqing, China, and has a sales network covering Mainland China, Hong Kong, Asia Pacific and South America. To learn more, go to evdynamics.com.About Grupo Bimbo, S.A.B. de C.V.Grupo Bimbo, S.A.B. de C.V. is the leader and largest baking company in the world and a relevant participant in snacks. It has 203 bakeries and other plants and more than 1,600 sales centers strategically located in 33 countries in the Americas, Europe, Asia and Africa. Its main product lines include sliced bread, buns & rolls, pastries, cakes, cookies, toast bread, English muffins, bagels, tortillas & flat breads, salty snacks and confectionery products, among others. Bimbo produces over 10,000 products and has one of the largest direct distribution networks in the world, with more than 3.3 million points of sale, more than 55,000 routes and over 138,000 associates servicing those routes. Its shares are traded on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and in the United States over-the-counter market with a Level 1 ADR under the ticker symbol BMBOY. To learn more, visit grupobimbo.com. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Turning towards Clean Energy, PLN Accelerates the Electric Vehicle Ecosystem from Upstream to Downstream

JAKARTA, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) today outlined its focus on providing infrastructure to accelerate Indonesia's electric vehicle ecosystem, aimed to reduce the carbon emission on transportation.Minister of State-Owned Enterprises (BUMN) Erick Thohir said the government is fully committed to develop the electric vehicle ecosystem, mainly after President Joko Widodo released Presidential Regulation Number 55 of 2019 on the Acceleration of the Battery Electric Vehicle Program for Road Transportation.For this reason, the Ministry of State-Owned Enterprises (BUMN) is in full support by assigning a number of SOEs, including PLN, to accelerate the electric vehicle ecosystem in Indonesia. "We all should keep national energy security in appropriate condition, which at this time we import 1.5 million barrels per day for fuel-oil based (BBM) or the equivalent of Rp 200 trillion per year. Electric vehicles are the solution to reduce the foreign exchange abroad," he said.Minister Thohir explained that the transition of electric vehicles has many benefits, both for the economy and the environment. This is in line with the national goal to continue to encourage sustainable economic development. "Electric vehicles are more eco-friendly transportation. The emissions produced are lower than fuel-oil based vehicles, so it will reduce air pollution as well as noise pollution," said Minister Thohir.Moving quickly, the Ministry of SOEs has also assigned a number of SOEs, including PLN, to collaborate on accelerating the electric vehicle ecosystem in Indonesia. President Director of PLN Darmawan Prasodjo stated that PLN is ready to support the acceleration of the electric vehicle ecosystem from upstream to downstream. Besides securing power supply for charging electric vehicles, PLN has also prepared supporting infrastructure and services to facilitate users towards switching to electric vehicles.Currently, PLN has developed 150 units of Public Electric Vehicle Charging Stations (SPKLU) spread over 120 locations. PLN plans to expand 110 units more of SPKLU in 2022. Darmawan said that PLN is pleased to welcome business entities to collaborate in partnerships to provide SPKLU. A new scheme for the provision of SPKLU is the Partnership Investor Own Investor Operate (IO2) in which the Partner prepares investment funds according to the type of SPKLU service, land provision and operation and maintenance. "PLN also cooperates with state-owned banks or Himbara for EV banking service products, car installments and the SPKLU franchise," he said.In addition, for electric motor vehicles, PLN has also provided a General Electric Vehicle Battery Exchange Station (SPBKLU). Currently there are 16 units installed in Jakarta, and 2 units in Surabaya. In 2022, it is planned that 70 SPBKLU units will be expanded with a total of about 300 batteries and locations spread across Java and Bali."Considering the experience of electric vehicle users, charging is mostly done at home when the vehicle is not in use. Usually at night. For this reason, PLN has also collaborated with ATPM or electric vehicle distributors," he said.Through this collaboration, PLN customers who purchase electric vehicles will immediately be assisted with the installation of home charging and discounts fee on new installation for electric vehicles, namely the 'Super EVeryday' promo. "PLN also provides a 30 percent discount fee for use from home charging electricity from 22.00 WIB to 05.00 WIB," he said.Electric vehicle users are also facilitated, Darmawan said, by Electric Vehicle Digital Services (EVDS). The EVDS is a platform for complete electric vehicle services. "EVDS will improve customer experience by digitizing and integrating all customer service systems for users or potential users of electric vehicles," he explained.PLN is also actively collaborating with other SOEs institutions to scale up an end-to-end EV Battery supply chain through the Indonesia Battery Corporation (IBC). Darmawan explained, the potential for nickel in Indonesia will be able to support the acceleration of EV in Indonesia, because the battery component is the most expensive component in an electric vehicle.Therefore, PLN has joined the IBC, a consortium of 4 SOEs, which consists of PLN, Antam, Pertamina and Mind ID, that will engage the mining and energy sectors. "In 2022, PLN will increase the fund up to IDR 513 billion to IBC to develop the battery industry," said Darmawan.Source: PT. Perusahaan Listrik Negara (Persero) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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NTT Com and DENSO to Collaborate to Provide Security Operation Center for Vehicles

KARIYA, JAPAN, Oct 18, 2022 - (JCN Newswire via SEAPRWire.com) - NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT group, and DENSO CORPORATION (DENSO), the global manufacturer of mobility components offering advanced mobility technologies, systems and products, announced today that it will collaboratively develop the Security Operation Center for Vehicles (VSOC1) to respond to the threat of increasingly sophisticated cyber-attacks against vehicles. Culminating from past efforts2, this collaboration combines the strengths of NTT Com and DENSO to establish and develop the technologies that comprise the VSOC(vehicle SOC) service and its operation systems. NTT Com provides its technological capabilities related to managed IT security, including networking, cloud computing, and ICT SOC, while DENSO leverages its unique technologies related to information security, communications, and data analysis, which it has cultivated in the areas of in-vehicle systems, vehicle cybersecurity, and connected car development. The two companies, both of which have extensive expertise in the IT and mobility fields, will work together to provide robust VSOC services that can accurately respond to evolving vehicle-related cyber-attacks. The collaboration aims to provide key services that enable prompt incident response at car manufacturers and mobility providers. Services to be provided include:- Vehicle monitoring and cyber-attack detection by automating the acquisition of log output from communications, connected servers, and security devices installed within vehicles- Detection of cyber-attack trends along with the details of actual attacks against vehicles on an individual or fleet-wide basis- Analysis of cyber-attacks and threats by expert security analysts, reporting of results and forensic information that facilitates recovery and response efforts, and real-time visualization and alerting for customers through a client portal site- Reliable and highly-available vehicle security monitoring on a global scale, built atop of NTT Com's proven infrastructure and operational experienceAs the number of vehicles facing threats from sophisticated cyber-attacks continues to grow, it is necessary to monitor connected cars, detect and analyze attacks at an early stage, and take appropriate measures. Through this collaboration, the two companies aim to provide VSOC services and accelerate their development to contribute to the realization of a safe and secure mobility society. NTT Com and DENSO began developing technology to detect and analyze vehicle cyber-attacks in 2017. Since 2020, the technology was further refined by simulating attack scenarios against vehicles and measuring responses to various events, including the detection of attacks and the analysis of the scope of impact using an experimental VSOC.(1) VSOC is an abbreviation for Security Operation Center for Vehicles. It refers to an organization that specializes in detecting and analyzing cyber-attacks on vehicles and developing countermeasures against them. (2) DENSO and NTT Communications Starts Validating Jointly Developed Vehicle Security Operation Center Technology to Realize Resilient Security Solutions for Connected Cars (published in December 2019)About NTT CommunicationsNTT Communications solves global technology challenges by helping enterprises utilize managed IT-infrastructure solutions to overcome complexity and risk in their ICT environments. These solutions are backed by our worldwide infrastructure, including industry-leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 500,000m2 of the world's most advanced data center facilities. Now as the core provider of the DOCOMO group's enterprise-business services and solutions, we create value through global-scale support for structural changes in industry and society, new workstyles, and digital transformation in communities. Together with NTT Ltd., NTT Data, and NTT DOCOMO, we are the NTT Group. www.ntt.com; Twitter@NTT Com; Facebook@NTT Com About DENSO DENSO is a $45.1 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 198 facilities to produce electrification system, powertrain system, thermal system, mobility electronics, & advanced devices, to create jobs that directly change how the world moves. The company's 167,000+ 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 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2022. For more information about global DENSO, visit www.denso.com/global/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Wuling Motors (00305.HK) Announces 2022 Interim Results

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - On August 24, Wuling Motors (00305.HK), a Hong Kong-listed company, released its 2022 semi-annual performance report.In the first half of 2022, Wuling Motors achieved an operating income of 6.275 billion yuan, a year-on-year decrease of 12.4%; a net loss of 139 million yuan, a substantial increase over the same period 2021. During the period, affected by the international situation and the frequent outbreak of the epidemic, the Chinese auto market was still in an adjusted recovery period. The revenue of each segment of the company declined to various degrees, because of the continued high price of raw materials and shortage of auto chips.In terms of revenue structure, Wuling Motors' revenue comes from four departments: the automotive power system, auto parts & other industrial services, commercial vehicles (including new energy vehicles), and others. The auto parts department is still the company's largest source of income. In the first half of the year, apart from SAIC-GM-Wuling, the auto parts department promoted products to other customers, such as Great Wall Motor, Foton Motor, Chery Automobile, Dongfeng Xiaokang, etc. During the period, sales increased slightly compared with the same period of 2021, and sales to these customers accounted for approximately 32.6% of the total revenue of the department. Wuling Motors continuously improved the single structure of customers and realized business diversification.During the period, the automotive power system department sold approximately 109,000 engines in the first half of 2022, a slight increase of approximately 3.9% over the same period of 2021; sales to the core customer SAIC-GM-Wuling increased by 25% over the same period in 2021. However, due to the tough business environment, the selling price of the engine was low and the sales revenue decreased.In terms of commercial vehicle business, in addition to new energy vehicles, Wuling Motors continued to deepen the market segment of modified vehicles and non-road vehicles. In 2022 H1, the sales volume of conventional modified vehicles was 28,519 units, which made Wulin Motors continue to be one of the leading suppliers in the micro-cargo modified market segment; the sales volume of non-road vehicle business reached 1,974 units. It is worth mentioning that the pure electric logistics vehicle independently developed by Wuling Motors has been rapidly increasing since its launch in 2020. In the first year, the sales volume was about 4,700 units. In 2021, the annual the sales volume has exceeded 10,000 units. In the first half of 2022, domestic sales of new energy vehicles reached 7,896 units, a year-on-year increase of 57%. The pure electric logistics vehicle has been recognized by the market, which also verifies that Wuling Motors can manufacture complete vehicles. In addition, Wuling Motors has the manufacturing experience of auto parts, the ability to control the supply chain, and the ability of lean production. In the future, Wuling Motors may make overall arrangement on the entire industry chain of new energy.According to the announcement, the Hubei Jingmen production base built by Wuling Motors for in-depth cooperation with Great Wall Motors will be put into production in the second half of 2022. Meanwhile, Wuling Motors' auto parts division department has successfully manufactured new products such as front & rear axles of Chery Automobile and SAIC Maxus, and actively approached new business opportunities with other target customers, providing new growth drivers for the company.What is more worth mentioning is that Wuling Motors strategically participates in the restructuring of Wuling New Energy to accelerate the expansion of the new energy vehicle industry and meets the powerful opportunities in the new energy vehicle market segment. Wuling Industry will sell the original patented technology of new energy vehicles to Wuling New Energy, and the relevant R&D expenses will be transferred to Wuling New Energy after the completion of the reorganization, which can effectively reduce subsequent R&D expenses and increase profits. Meanwhile, Wuling Industry, as a strategic supplier of Wuling New Energy, will continuously bring stable growth points for the company's performance as Wuling New Energy develops.According to public information, since August, Liuzhou and Wuling Industry, Shandong Branch have linked multiple production lines to keep producing, seize the time to ensure production, and support several new energy vehicle models from many car companies. The monthly output continues to rise and is expected to exceed 70,000 units. It is expected that the company's profitability will grow in the second half of the year. In addition, Wuling Motors stated that the increase in R&D expenses of new business projects related to new energy vehicles and components also adversely affected the company's earnings performance. In 2022 H1, the company's R&D investment is 191 million yuan, a significant increase of 61.9% year on year. The company will continue to increase investment in research and development, enrich product lines, and enhance brand influence to increase sales of new energy power systems, auto parts, and commercial vehicles.Overall, although the operating performance of Wuling Auto's semi-annual report has declined, the logic is very clear. Wuling Motors invested a large number of funds in the product research and development of new energy components and new energy vehicles, and actively deployed the new energy vehicle field to seize the opportunities for rapid development of the industry. Wuling Motors is moving forward with energy. After Wuling Motors having gone through a painful period of transformation, the company's future can be expected. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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CJPT to Begin Construction and Social Implementation of an Energy Management System in Fukushima and Tokyo to Promote Electrified Vehicles

TOKYO, Jul 19, 2022 - (JCN Newswire via SEAPRWire.com) - Commercial Japan Partnership Technologies Corporation has announced today that, in collaboration with its partners, it will begin the construction and social implementation of an energy management system in Fukushima Prefecture and Tokyo in January 2023, to promote the widespread use of electrified vehicles.Since it was founded in April 2021, CJPT has been been considering initiatives at logistics sites to contribute to achieving a carbon neutral society and reduce the burden on drivers and workers by accelerating the spread of CASE. In order to promote the widespread use of electrified vehicles, consignors, logistics businesses, infrastructure providers, automakers, and other related partners must come together to address sustainability by taking a practical approach. As a result of repeated discussions with many people in various industries, it was decided to begin social implementation projects in Fukushima and Tokyo.The introduction of commercial electric vehicles imposes an increasing burden on society as a whole, not only in terms of vehicle purchase, but also in terms of downtime for cargo and vehicles due to recharging and hydrogen filling and an increase in peak electricity demand at business sites due to uneven recharging timing. Commercial electrified vehicles will be introduced in this social implementation project, including heavy-duty fuel cell electric trucks (heavy-duty FC electric trucks) for main line transportation and mini-commercial van electric vehicles (mini-commercial van BEVs) for last mile deliveries. In addition, energy management integrated with commercial vehicle operation management will lead to reductions in overall burden on society and CO2 emissions.Through this initiative, CJPT will increase the movement toward carbon neutrality of the whole society and, together with its partners, take on the challenges it is facing as opportunities for industrial development and the strengthening of international competitiveness.*This social implementation, which aims to commercialize an energy management system and operate it in the real world, is partly executed as the "Green Innovation Fund/ Building Smart Mobility Society", a project subsidized by the New Energy and Industrial Technology Development Organization (NEDO), a national research and development agency.For more information, visit https://global.toyota/en/newsroom/corporate/37544407.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Suzuki, Daihatsu, Toyota, and CJPT to Introduce Mini-Commercial Van Electric Vehicles in FY2023

Toyota City, Japan, Jul 19, 2022 - (JCN Newswire via SEAPRWire.com) - Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality.Mini-commercial vehicles cover areas accessible only to them because of their small size and are important in supporting last-mile logistics. They have become widespread accounting for about 60% of the total commercial vehicle fleet, making them a type of vehicle capable of contributing significantly to the achievement of carbon neutrality if electrification advances.However, a major issue in promoting the electrification of mini-commercial vehicles is the increasing burden on society as a whole, including the higher vehicle costs associated with electrification, the costs related to charging infrastructure, and the charging time (downtime: a period when vehicles and cargo are stopped).It is under these circumstances, to realize an affordable mini-commercial van BEV that meets the usage needs of commercial customers, CJPT will participate in the planning, and Suzuki, Daihatsu, and Toyota will jointly develop a BEV system suitable for mini-commercial vehicles by combining Suzuki and Daihatsu's know-how in manufacturing mini vehicles with Toyota's electrification technology.The mini-commercial van BEV developed by these four companies will be used by partners in social implementation projects in Fukushima Prefecture and Tokyo.Suzuki, Daihatsu, Toyota, and CJPT will continue to promote efforts to practically achieve carbon neutrality through the provision of sustainable means of transportation. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Legend Capital Increases Carbon Neutrality Investments: Portfolio Company Talent New Energy Completes A++ Financing Round with Several Hundred Million RMB

HONG KONG, Jun 16, 2022 - (ACN Newswire via SEAPRWire.com) - Legend Capital's portfolio company Talent New Energy, a new Chinese powerhouse in the solid-state battery industry, recently announced the completion of its Series A++ financing round with several hundred million RMB. Legend Capital initially invested in Talent New Energy by joining the Pre-A financing round and continued to support the company's development by following up this Series A++ financing round.With the improved battery technology and continuous high oil prices, the penetration rate of new energy vehicles is rising. The penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. Under the global background of carbon peaking and carbon neutrality, the wind power, photovoltaic and energy storage industry are also ushering in a golden era, gradually replacing the traditional fossil energy. With the technical advantages of high safety and high specific energy, it is widely believed in the industry that solid-state batteries will become the next trillion-level super track and the ultimate solution for battery technology.Technology innovation is the core path to support the realization of carbon neutrality. With the acceleration of vehicle electrification, applications such as energy storage have opened up a new trillion-level market. Legend Capital actively explores suitable investment opportunities in more advanced lithium battery technologies. As a brand-new technology solution, new energy solid-state batteries have been deeply explored by many giants and startups in China and around the world. With nearly 20 years of international and domestic solid-state battery R&D technology accumulation, the Talent New Energy team has determined the oxide technology route and the gradual development path from mixed solid-liquid to all-solid-state lithium battery since the establishment of the company in 2018.Legend Capital stated: "under the leadership of the founder Dr. GAO Xiang, the Talent New Energy team has been conducting R&D with the goal of industrialization, not only achieving a comprehensive breakthrough in product performance but also making Talent New Energy the leading semi-solid-state battery company in the market in terms of mass production capability. After the completion of the first investment in Talent New Energy last year, Legend Capital has continued to support the company's development by investing in each subsequent round of Talent New Energy's financing, helping the company become a leader in the solid-state battery industry in various aspects such as capital and industrial resources." It is reported that Talent New Energy's first semi-solid-state power battery production line in Chongqing will be put into production in October this year. Talent New Energy said that after this round of financing, the company would accelerate the integration of technological resources to set up an advanced energy materials research institute and a new energy technology industrialization joint R&D center in Beijing. The company is accelerating the mass production and commercialization of semi-solid-state lithium batteries and striving to launch the all-solid-state lithium-ion battery at the end of this year, providing advanced and reliable energy solutions to the new energy vehicle industry and electrochemical energy storage industry and providing "energy blocks" for the construction of new infrastructure for high-efficiency cross-space-time energy storage in the future human society. Under the goals of carbon peaking and carbon neutrality, Legend Capital's investments focus on energy system decarbonization, vehicle electrification/intelligence and synthetic biology. Energy decarbonization includes photovoltaics, wind power, smart grids; vehicle electrification/intelligence includes lithium battery vehicles, hydrogen fuel cell vehicles, battery recycling and others.Legend Capital has long been optimistic about the electrification, intelligence, and automation of new energy vehicles. It has invested in numerous enterprises in automation equipment, lithium batteries and material in the past 10 years, many of which were went public successfully, such as Wuxi Lead Intelligent (300450.SZ), CNGR Advanced Material (300919.SZ), Putailai New Energy (603659.SH), Hymson Laser (688559.SH), Colibri Technologies (002957.SZ). Legend Capital is also one of the early investors of CATL (300750.SZ). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Ev Dynamics Delivers 40 Customized 7.5-Meter Electric Vans to Europe

HONG KONG, May 4, 2022 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, sets to deliver 40 custom-made 7.5-meter electric vans to Europe this year. Ev Dynamics sets to deliver a total of 40 custom-made 7.5-meter electric vans to Europe this year.Ev Dynamics' latest batch of electric vans will be transformed into electric school buses in Spain.In line with its unique value-added business approach, Ev Dynamics customizes and develops a cabin-chassis to which customers can install compartment and do fitting on top of it according to their needs. The electric vans will be transformed into electric school buses that fit in with plans in Spain to expand her sustainable public and urban transport network. "This particular customer in Spain was sourcing for an EV solution as part of their plans to launch greener and more energy-efficient school buses. Ev Dynamics hence custom-developed an electric vehicle light-weight and low-power consuming, which we believe will be a welcomed choice with demand for more sustainable urban mobility climbing," said Miguel Valldecabres Polop, CEO of Ev Dynamics. Ev Dynamics is equipped for and ready to take its tailor-made approach on new energy vehicle solutions worldwide, especially to high-growth European and Latin American electric vehicle markets. It has delivered very recently to a major customer in Mexico. Miguel Valldecabres Polop continued: "We have been focused on promoting our value-added business approach to foster business in high-growth EV markets in the past year. There is a massive market demand for customized new energy vehicles in Europe, yet not many companies are able to provide and deliver tailor-to-needs solutions to last-mile delivery platforms. That is where Ev Dynamics comes in, as we have proven ability to satisfy those customer needs."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and prominent player in China's 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 systems and their key components. The Group has a production base in Chongqing, boasts extensive domestic and overseas sales networks, and focuses on serving high-growth markets in Southeast Asia, Europe and Latin America. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Ev Dynamics Delivers 10 Electric Vans to America

HONG KONG, Apr 20, 2022 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, has delivered 10 units of a tailor-made 6-meter electric van to a major customer in Mexico for its last-mile delivery activities. Ev Dynamics delivers 10 custom-made electric vans to MexicoThe vehicles are a customization order involving development of a cabin-chassis to which the customers can build their own cargo boxes on top. Ev Dynamics has developed two battery packs for different ranges, and different cooling systems that can overcome the volatile temperature conditions in Latin American regions. The custom-made electric logistics vans also come with a new air system that boasts the added advantages of light-weight and low-power consumption hence higher cost-efficiency. "This first fleet of 10 vehicles will be tested by the customer and we expect a large order this year, once the customer is confident about the performance of the vans. We have a few units of this van in Europe that are under European homologation, and we see the demand from last-mile delivery companies for this type of vehicle," said Miguel Valldecabres Polop, CEO of Ev Dynamics.Ev Dynamics is ready to enter the European market with plans to provide similar tailor-to-needs new energy vehicles and technological solutions to corporations in Germany and Spain. The delivery marks the latest effort of the Company to tap electric vehicle markets with massive development potential worldwide, following the COMET electric minibuses delivered to the Philippines and the homologation of its 12m E-Buses in Europe.Miguel Valldecabres Polop continued: "There is a large demand for customization solutions for electric vehicles in high-growth markets in Europe, Latin America and Asia, which we are highly confident of building on our unique positioning in the industry as a value-added business provider. We pride a proven platform that can offer high-tech, sustainable and innovative solutions, a strong international management and development team that can support Ev Dynamics in capturing that promising niche market. At our global expansion efforts, we are optimistic about the Company achieving fruitful results in the coming year as it speeds up promoting business and sales, capitalizing on its distinctive positioning in the international electric vehicle segment."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's 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 systems and their key components. The Group has a production base in Chongqing and has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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GM and Honda Will Codevelop Affordable EVs Targeting the World’s Most Popular Vehicle Segments

DETROIT / TOKYO, Apr 6, 2022 - (JCN Newswire via SEAPRWire.com) - General Motors (NYSE: GM) and Honda (NYSE: HMC) today announced plans to expand the two companies' relationship to a new chapter by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. The companies are working together to enable global production of millions of EVs starting in 2027, including compact crossover vehicles, leveraging the two companies' technology, design and sourcing strategies. The companies will also work toward standardizing equipment and processes to achieve world-class quality, higher throughput and greater affordability. The compact crossover segment is the largest in the world, with annual volumes of more than 13 million vehicles.GM and Honda also will discuss future EV battery technology collaboration opportunities, to further drive down the cost of electrification, improve performance and drive sustainability for future vehicles. GM is already working to accelerate new technologies like lithium-metal, silicon and solid-state batteries, along with production methods that can quickly be used to improve and update battery cell manufacturing processes. Honda is making progress on its all-solid-state battery technology which the company sees as the core element of future EVs. Honda has established a demonstration line in Japan for all-solid-state batteries and is making further progress toward mass-production."GM and Honda will share our best technology, design and manufacturing strategies to deliver affordable and desirable EVs on a global scale, including our key markets in North America, South America and China," said Mary Barra, GM chair and CEO. "This is a key step to deliver on our commitment to achieve carbon neutrality in our global products and operations by 2040 and eliminate tailpipe emissions from light duty vehicles in the U.S. by 2035. By working together, we'll put people all over the world into EVs faster than either company could achieve on its own." "Honda is committed to reaching our goal of carbon neutrality on a global basis by 2050, which requires driving down the cost of electric vehicles to make EV ownership possible for the greatest number of customers," said Toshihiro Mibe, Honda president & CEO. "Honda and GM will build on our successful technology collaboration to help achieve a dramatic expansion in the sales of electric vehicles.""The progress we have made with GM since we announced the EV battery development collaboration in 2018, followed by co-development of electric vehicles including the Honda Prologue, has demonstrated the win-win relationship that can create new value for our customers," said Shinji Aoyama, Honda senior managing executive officer. "This new series of affordable EVs will build on this relationship by leveraging our strength in the development and production of high quality, compact class vehicles.""Our collaboration with Honda and the continuing development of Ultium are the foundation of this project, utilizing our global scale to enable a lower cost foundation for this new series of EVs for millions of customers," said Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. "Our plans include a new all-electric product for North America positioned at a price point lower than the upcoming Chevrolet Equinox EV, building on the 2 million units of EV capacity the company plans to install by the end of 2025."GM and Honda have developed a close working relationship over many years, including several projects in recent years focused on electric and autonomous vehicle technologies. In 2013, the two companies began working together on the co-development of a next-generation fuel cell system and hydrogen storage technologies. In 2018, Honda joined GM's EV battery module development efforts. In 2020, GM and Honda announced plans to codevelop two EVs, including the Honda Prologue, to be launched in early 2024, soon followed by Acura's first EV SUV. Further, the companies have an ongoing relationship with Cruise and are working together on the development of the Cruise Origin, one of the first purpose-built fully autonomous vehicles designed for driverless ride-hail and delivery. About Honda Motor Co. Honda Motor Co. (NYSE: HMC) is responsible for the development, production and sales of automobiles, motorcycles, power products and aviation products worldwide. Honda now delivers over 30 million products annually through its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing about 220,000 associates globally. On a global basis by 2050, Honda is striving to achieve carbon neutrality for all products and corporate activities, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles. About General MotorsGeneral Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles underthe Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries can be found at https://www.gm.com.Forward-Looking StatementsThis press release and related comments by management may include forward-looking statements. These statements are based on current expectations about possible future events and thus are inherently uncertain. Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and customer experiences in response to increased competition in the automotive industry; (2) our ability to timely fund and introduce new and improved vehicle models that are able to attract a sufficient number of consumers; (3) the success of our crossovers, SUVs and full-size pick-up trucks; (4) our ability to successfully and cost-effectively restructure our operations in the U.S. and various other countries and initiate additional cost reduction actions with minimal disruption; (5) our ability to reduce the costs associated with the manufacture and sale of electric vehicles and drive increased consumer adoption; (6) unique technological, operational and regulatory risks related to our autonomous vehicle regulations; (7) global automobile market sales volume, which can be volatile; (8) our significant business in China which is subject to unique operational, competitive and regulatory risks as well as economic conditions in China; (9) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (10) the international scale and footprint of our operations which exposes us to a variety of political, economic and regulatory risks, including the risk of changes in government leadership and laws (including labor, tax and other laws), political instability and economic tensions between governments and changes in international trade policies, new barriers to entry and changes to or withdrawals from free trade agreements, changes in foreign exchange rates and interest rates, economic downturns in foreign countries, differing local product preferences and product requirements, compliance with U.S. and foreign countries' export controls and economic sanctions, differing labor regulations, requirements and union relationships, differing dealer and franchise regulations and relationships, and difficulties in obtaining financing in foreign countries; (11) any significant disruption at one of our manufacturing facilities could disrupt our production schedule; (12) the ability of our suppliers to deliver parts, systems and components without disruption and at such times to allow us to meet production schedules; (13) prices of raw materials used by us and our suppliers; (14) our highly competitive industry, which is characterized by excess manufacturing capacity and the use of incentives and the introduction of new and improved vehicle models by our competitors; (15) the possibility that competitors may independently develop products and services similar to ours or that our intellectual property rights are not sufficient to prevent competitors from developing or selling those products or services; (16) our ability to manage risks related to security breaches and other disruptions to our vehicles, information technology networks and systems; (17) our ability to comply with increasingly complex, restrictive, and punitive regulations relating to our enterprise data practices, including the collection, use, sharing, and security of the Personal Identifiable Information of our customers, employees, or suppliers; (18) our ability to comply with extensive laws and regulations applicable to our industry, including those regarding fuel economy and emissions and autonomous vehicles; (19) costs and risks associated with litigation and government investigations; (20) the cost and effect on our reputation of product safety recalls and alleged defects in products and services; (21) any additional tax expense or exposure; (22) our continued ability to develop captive financing capability through GM Financial; and (23) significant increases in our pension expense or projected pension contributions resulting from changes in the value of plan assets or the discount rate applied to value the pension liabilities or mortality or other assumption changes.. A further list and description of these risks, uncertainties and other factors can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and our subsequent filings with the Securities and Exchange Commission. GM cautions readers not to place undue reliance on forward-looking statements. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statements. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Mitsubishi Corporation, Kaluza, and Miraiz to Launch Initiative for Decarbonising Mobility in Japan

TOKYO, Mar 15, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation, Kaluza Ltd. and Chubu Electric Power Miraiz Co. has started a smart charging trial for electric vehicles (EVs) in order to accelerate the development of decarbonisation-focused services for the mobility sector. Kaluza's platform is being deployed to optimise when EVs charge at users' homes so they store cheap and green energy, helping to reduce energy costs for society as a whole while providing a rewarding charging experience for customers. Through the deployment, Kaluza will demonstrate the effectiveness of its technology and benefits of this type of service in the Japanese market. Based on the results obtained from this trial, the three companies will continue to develop smart services for electric vehicles, helping increase adoption and powering progress towards a decarbonised society. Kaluza works with a number of leading automotive and energy companies in the UK including OVO Energy, the country's third largest energy supplier. Kaluza's platform uses AI to optimise the charging of a variety of distributed energy resources, including electric vehicles, to help customers reduce their energy costs, expand the use of renewable energy, and reduce congestion on power transmission and distribution networks, thereby contributing to the creation of a decarbonised society. Kaluza is also partnering with Mitsubishi Corporation to develop new services for electric vehicle drivers in Japan. Yasuhiko Okabe, COO of Mitsubishi Corporation's Utility Retail division, commented:"In line with our greenhouse gas emission reduction targets and energy transformation investment guidelines set out in October 2021, and as a business involved a diverse array of business including resources and energy, we are committed to fulfilling our responsibility to ensure a stable supply of energy while balancing the common global challenge of achieving a carbon-neutral society. We look forward to expanding our collaboration with Miraiz and other electric retailers and automakers who support our alliance with Kaluza to provide solutions for the electric vehicles of the future." Scott Neuman, CEO of Kaluza commented:"This new initiative enables energy, transport and advanced software to come together and deliver low-carbon solutions centred around the customer. We are delighted to deploy our smart charging technology in Japan with Mitsubishi Corporation and Mir aiz, and look forward to pioneering new propositions together with a range of auto manufacturers." Taro Usui, Manager of Service Platform Development Dept. of Miraiz commented: "In line with the 'Zero Emissions Challenge 2050' announced by the Chubu Electric Power Group on March 23, 2021, we will continue to develop energy management services and other services to support electrification and reduce CO2 emissions. Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171 Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Ev Dynamics Delivers First Batch of 12-Meter E-Buses to Europe

HONG KONG, Feb 10, 2022 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company," Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, has today announced the delivery of its first batch of 12-meter E-Buses to Europe. This delivery follows the vehicle's successful homologation through the Whole Vehicle-Type-Approval System (WVTA) and Standardized On-Road Test Cycles (E-SORT) of the Economic Commission of Europe last year. Ev Dynamics' first batch of 12-meter E-Buses is on its way to EuropeEv Dynamics is confident the 12-meter E-Bus will pass winter testing in AprilThe delivery is part of a collaboration between the Company and its strategic partners in Europe. Ev Dynamics is ready to conquer inner-city e-mobility and regional freight and passenger' transportation market in Europe. It is intended to gain entrance into the European market and tap its huge growth potential with the high-performing, sustainable and environmentally-friendly 12-meter E-Bus model specifically designed to meet European standards. The vehicle has 420kWh battery capacity allowing an autonomy of over 300kms without recharging.Following the successful delivery of the first three electric vehicles, a massive potential market opens up for the Company as there is a large number of tenders open in Europe. Ev Dynamics' 12-meter E-Bus is also in the works, conditional upon the vehicle model's successful completion and passing of winter testing in April 2022, involving electric battery endurance in a -30 degrees Celsius temperature environment. Miguel Valledecabres Polop, CEO of Ev Dynamics, said: "We have rapidly expanded our global reach with our advanced electric vehicles thereby paving our entry into high-growth markets in Europe, Latin America and Asia during the past year. The successful delivery of the first batch of 12-meter E-Bus vehicles further demonstrates the strong and resilient output capability of our advanced production plant and engagement of a reliable PRC supply chain, despite the disruption caused by the COVID-19 pandemic. Besides, we are highly confident that our 12-meter E-Bus model will pass the winter test. The promising potential three-year deal will further accelerate the Company's business growth and sales performance, increase our market share and strengthen our growing position in the electric vehicle segment."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's 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 systems and their key components. The Group has a production base in Chongqing and 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.hk Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkBrigid Lee +852 2114 4313 brigid.lee@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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TOYOTA GAZOO Racing Unveils GR GT3 Concept and GRMN Yaris as Embodiments of Making Ever-better Motorsports-bred Cars

CHIBA CITY, JAPAN, Jan 14, 2022 - (JCN Newswire via SEAPRWire.com) - TOYOTA GAZOO Racing (TGR) and Lexus are exhibiting the following vehicles and parts at Tokyo Auto Salon 2022(1) at Makuhari Messe (Chiba City) from today to January 16.GR GT3 ConceptTGR is committed to further accelerating customer motorsports activities to make the world of motorsports sustainable. Promoting "driver first" car development and with a desire to provide attractive cars that customers participating in GT3, which is the pinnacle of customer motorsports, would choose, TGR has unveiled the GR GT3 Concept.As was the case with the GR Yaris, by commercializing motorsports cars rather than simply adapting production vehicles for use in motorsports, TGR intends to use feedback and technologies refined through participation in various motorsports activities to develop both GT3 and mass-production cars and further promote making ever-better motorsports-bred cars.GRMN YarisThe development of the GRMN Yaris(2) began with the desire of Morizo, president Toyoda to "deliver cars to customers that evolve quickly and can be tailored to individuals like in the field of motorsports". In addition to having refined the vehicle together with professional drivers as a fully tuned model of the GR Yaris, a new program is to be activated that will deliver to customers the type of daily vehicle evolution and driver-tailored customization that takes place in motorsports.For further details about the GRMN Yaris, please visit the following pagehttps://global.toyota/en/newsroom/toyota/36416645.htmlbZ4X GR Sport ConceptBased on the bZ4X dedicated battery EV, the bZ4X GR Sport Concept delivers an elevated level of environmental performance and driving pleasure. Large-diameter tires, sports seats, and matte black exterior body panels are among the highlights of this concept vehicle.Lexus/Pathfinder Air Racing 1/3 scale model of air race aircraftNX PHEV Offroad Concept and ROV(3) ConceptLexus will display a one-third scale model of the Zivko Edge 540 V3 air race aircraft that Yoshihide Muroya of Lexus/Pathfinder Air Racing will pilot in the Air Race World Championship to be held this year. Also joining the exhibit are the NX PHEV Offroad Concept and the ROV Concept--two concept vehicles that embody the brand's aspirations to realize a carbon-neutral society, expand customers' choices and lifestyles, and provide new values that exceed customers' expectations.For further details about the NX PHEV Offroad Concept and the ROV Concept, please visit the following page https://global.toyota/en/newsroom/lexus/36614778.htmlGR Heritage Parts ProjectTo respond to customers' desires to keep their beloved and memory-rich cars of yesteryear on the road, the GR Heritage Parts Project aims to reproduce discontinued replacement parts for sale as new genuine parts. On display at the show is a selection of reproduced parts slated for release in 2022 for the A70 Supra, A80 Supra, Toyota 2000GT, Land Cruiser 40 series, and AE86 Corolla Levin/Sprinter Trueno.(1) A customized car event held at the Makuhari Messe convention center (in Chiba City) for three days from January 14 to January 16, 2022 (January 14: Open to the media and industry insiders, January 15-16: Open to the public).(2) "GRMN Yaris" is used for marketing purposes; the name used in vehicle registration, etc., is "GR Yaris GRMN".(3) "ROV" is short for "recreational off-highway vehicle". This concept vehicle aims to realize lifestyles in which people can enjoy driving in harmony with nature by getting into places that cannot be accessed by off-road vehicles and getting in touch with nature while enjoying the ROV's responsiveness as well as sounds that stimulate the five senses. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Ev Dynamics Announces Robust Sales Performance and Business Growth Progress

HONG KONG, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and technology integrated solutions, is delighted to announce the robust sales performance and business growth progress attained this year and proven by its interim results for the six months ended 30 September 2021 (the "Reporting Period"), attributed to the international efforts made by the Company. Ev Dynamics is beginning to fulfill its 12-meter E-Bus orders in Europe as delivery is set in motionDuring the Reporting Period, the Company recorded revenue of approximately HK$29.7 million (30 September 2020: HK$21.5 million) derived from the sale of electric vehicles and an increase in sales orders. This year, Ev Dynamics has continued to enhance its research and development capabilities as well as its efforts on international sales, and as such the Company has been able to maintain an upward trend on the sales turnover successfully.In recent months, the Company began to work with its strategic partner, Quantron AG ("Quantron"), a German-based company engaged in inner-city e-mobility and regional freight and passenger transportation, to tap into the European market with its 12-meter E-Bus model as a key solution to replace diesel buses currently used in public transportation services. The delivery and fulfilment of the first E-Bus orders to Europe have already begun, with additional sales order on the climb. The Company has also delved into the Belt and Road regions in the past year with several eco-friendly initiatives, such as a cooperation with GET Worldwide, Inc., a provider of new-energy vehicles and integrated technology solutions, to provide a long-term supply of COMET electric buses, to be used as eco-friendly public transportation in the Philippines. Miguel Valledecabres Polop, CEO of Ev Dynamics, said: "Sales are the first test and trial we face, with validation finally given to our international efforts when our EVs are delivered, but this is just the beginning of a great market boom. There is a growing demand for EVs in both Europe and Asian markets, riding on favorable policies and increased awareness for sustainable living as we seek for a greener future. We are on the right track with our business direction with a promising future ahead."About Ev Dynamics (Holdings) Limited (Stock Code: 476)Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's 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 systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. Media EnquiryStrategic Financial Relations LimitedPhoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hkBrigid Lee +852 2114 4313 brigid.lee@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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New fleet of response vehicles among PUB’s measures to respond to flash floods faster

SINGAPORE - Motorists and pedestrians caught in flash floods this year may have spotted the yellow vehicles at the flood zone, flashing an LED warning about deep water ahead. These vehicles are from a new fleet of 13 flood response vehicles, unveiled on Friday (Nov 19) alongside other enhanced forecasting and monitoring technology, that will help national water agency PUB respond to flood situations more quickly. The flood response vehicles can move through water 70cm deep, slightly above knee level, and are fitted with cameras that relay real-time information back to PUB's Joint Operations Centre. They also carry flood mitigation equipment that officers on board can use to set up flood barricades. Flash floods in Singapore have generally not exceeded 50cm. With monsoon season just around the corner, PUB acknowledged that climate change will bring about more frequent and intense rainfall, which could put a strain on the island's drainage capacity. "The ability to forecast and monitor impending heavy storms becomes more important than ever," said PUB, as it announced that it had also doubled the number of radars monitoring and forecasting rainfall across the island from three to six. "(This) creates a more robust monitoring network with greater coverage, improving the accuracy of our rainfall measurements and forecasts... enabling PUB to issue public alerts and deploy resources to potential flood locations in a timelier manner," said the agency. Each of the radars, in locations such as the Changi Water Reclamation Plant and Woodlands Newater Service Reservoir, covers a radius of 30km and is able to predict rainfall intensity 30 minutes in advance. Machine learning, which involves computer algorithms improving automatically through experience and by the use of data, will improve the system's accuracy to up to 80 per cent by early next year, from 65 per cent now. "We are given 30 minutes to reach the site and be there before it floods or even before it rains," said Mr Abdul Aziz Abdul Rahman, a senior assistant engineer with the quick response teams that use the new flood response vehicles. "We are chasing the rain." Flash floods in Singapore usually last for less than an hour and are caused mainly by intense deluges. Although the quick response teams have been around for many years, officers used to drive to flood sites in PUB vans, noted Mr Lee Cai Jie, chief engineer of drainage operations at PUB's Catchment and Waterways Department. "Previously, the vehicles were not optimised for flood response. (The new fleet) is specially modified to be used for flood operations. Even when driving through the floodwaters, it will not stall. We can use it to block the roads, and to wade through the waters to render assistance to stranded vehicles," said Mr Lee. PUB officer Abdul Aziz Abdul Rahman directing traffic in a simulation of a deployment in a flooded area on Nov 16, 2021. He is part of the agency's quick response teams. ST PHOTO: ONG WEE JIN PUB has combined the data from the new vehicles and radars, including flood-detection tools such as water-level sensors and islandwide closed-circuit television cameras, into one integrated dashboard. This makes it easier for staff at the Joint Operations Centre to monitor and respond to flash floods. The integrated dashboard builds on PUB's existing system that monitors reservoir and drainage operations in real time. PUB officers monitor data from across the island at the Joint Operations Centre round the clock and alert the relevant teams quickly in the event of a flash flood. ST PHOTO: ONG WEE JIN More on this topic   Related Story PUB launches Telegram channel to provide weather and flood alerts   Related Story Singapore's ability to forecast rainfall will get a boost by the first quarter of 2022 Having all the information on one dashboard allows personnel to concentrate better and make faster decisions, without having to pull out different data sets, said Mr Lee. Mr Yeo Keng Soon, director of the Catchment and Waterways Department, said that while improvements to Singapore's drainage system is ongoing to help mitigate floods, it is impossible to cater to every extreme rainfall event and eliminate floods. This is where better flood management efforts, such as forecasting tools and houses being equipped with suitable flood barriers, are vital. One of the six X-band radars located islandwide. This radar is located at the Lower Seletar Waterworks. PHOTO: PUB According to PUB's website, 10 locations have had flash floods so far this year, mostly due to intense rainfall. As at Sept 30, there were 31 ongoing drainage improvement projects and road-raising works, with eight more upcoming projects, according to the website. A quick response team from PUB checking drains in a simulation of the aftermath of a flooded area on Nov 16, 2021. ST PHOTO: ONG WEE JIN Earlier this month, PUB raised a 450m stretch of flood-prone Dunearn Road to make it more resilient against flooding. The area raised is between Sime Darby Centre and just after Caltex petrol station. Dunearn Road has experienced flash floods three times so far this year. The ongoing works include a new underground detention tank being built next to Syed Alwi Road to prevent flooding in the low-lying Jalan Besar area. PUB has successfully trialled a new automatic flood barrier at a condominium in Tampines that it wants building owners at flood-prone areas to consider installing. The 1m-high barrier, installed at the entrance of Fortune Park condominium, automatically rises when floodwaters enter an underground basin beneath the barrier. It does not need to be mechanically activated, and requires minimal maintenance. The 1m-high barrier, installed at the entrance of Fortune Park condominium, automatically rises when floodwaters enter an underground basin beneath the barrier. PHOTO: PUB It is also a more permanent solution to shield commercial buildings and apartment blocks from storm water, compared with PUB's existing suite of portable flood barriers. Building owners interested to find out more about the automatic flood barrier can contact PUB. The agency will continue to enhance its flood response measures over the years as climate change leads to more erratic weather patterns. Mr Lee said: "With the uncertainty of the climate, that's the only way to move forward." More on this topic   Related Story Developments in Dunearn Road will still be on higher ground after road-raising: PUB   Related Story Mudslides in 2021: Heavy rainfall the cause of soil erosion

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SoftBank Corp. and Honda Start Use Case Verification of Technologies to Reduce Collisions Involving Pedestrians and Vehicles Using 5G SA and Cellular V2X

TOKYO, Nov 17, 2021 - (JCN Newswire via SEAPRWire.com) - SoftBank Corp. and Honda R&D Co., Ltd. announced they have started a use case-based verification of technologies to reduce collisions between pedestrians and vehicles using a 5G standalone mobile communication system ("5G SA")(1) and a cellular V2X communication system ("cellular V2X")(2) in the effort to realize a society where both pedestrians and vehicles can enjoy mobility safely and with total peace of mind.Using SoftBank's 5G SA experimental base station installed at Honda's Takasu Proving Ground (located in Takasu Town, Hokkaido Prefecture) and Honda's recognition technology, SoftBank and Honda are conducting technology verifications for the following three use cases:Use Case Validation OverviewUse case 1: Reduce collisions involving pedestrians who are visible to vehiclesIn an environment where a pedestrian can be seen from the moving vehicle, and when the vehicle's on-board camera recognizes the risk of a collision such as the pedestrian entering the roadway, the vehicle sends an alert to the pedestrian's mobile device directly or via an MEC server.(3) This will enable the pedestrian to take evasive action to prevent a possible collision with the vehicle.Use case 2: Reduce collisions involving pedestrians who are not visible to vehiclesIn an environment where a pedestrian cannot be seen from the moving vehicle due to obstacles such as parked cars along roadsides, the vehicle checks with mobile devices and other vehicles nearby about the presence or absence of a pedestrian in an area with poor visibility.If there is a pedestrian present, the system notifies the pedestrian of the approaching vehicle and also notifies the vehicle of the pedestrian from the pedestrian's mobile device. When there is a second vehicle in a position to see the pedestrian that is in the area with poor visibility, that vehicle notifies the other vehicle of the pedestrian. These high-speed data communications between the moving vehicle, pedestrians, and other vehicles will help prevent collisions.Use case 3: Reduce collisions involving pedestrians by sharing information about areas not visible to vehiclesThe moving vehicles send information about the areas with poor visibility to the MEC server, and the MEC server organizes the information and notifies vehicles driving in the vicinity. When a vehicle receives the notification and approaches an area with poor visibility, it checks with the MEC server about the presence or absence of pedestrians. If there is a pedestrian present, the MEC server sends an alert to the vehicle and the pedestrian.These high-speed data communications between the MEC server, vehicles, and pedestrians will help prevent collisions. In this use case, it is possible to send information about an area with poor visibility to vehicles that are not equipped with a camera-based recognition function, which makes it possible to prevent collisions between vehicles and pedestrians regardless of whether vehicles have recognition functions.SoftBank and Honda had already been working together conducting technology verification for 5G-based connected vehicles by setting up a 5G experimental base station at the Takasu Proving Grounds. Though this new initiative, Softbank and Honda aim to realize a cooperative society where pedestrians and drivers can enjoy mobility safely and with total peace of mind by utilizing network technology that will be created by connecting pedestrians and vehicles. To this end, Softbank and Honda will pursue technological verification with a view to linking 5G SA and cellular V2X, with the goal to complete it before the end of fiscal year 2021 (the year ending March 31, 2022).(1) Standalone 5G is a cutting-edge technology that combines new 5G dedicated core equipment and 5G base stations, unlike the conventional standalone system that uses 4G core equipment and combines it with 5G base stations.(2) A communication standard established by 3GPP (a standardization organization that formulates standards for mobile communication systems), which is a technology that uses mobile networks for vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-network and vehicle-to-pedestrian communications.(3) MEC stands for Multi-access Edge Computing, a technology that optimizes and accelerates communications compared to cloud servers by deploying data processing functions in locations close to terminals, such as base stations.- SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.- Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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