BYD Enters the Passenger Vehicle Market in Japan, Ushering in a New Era

Jul 24, 2022 | Business

 On July 21, BYD AUTO JAPAN Inc., a branch of BYD Company Limited in Japan, announced its entry into the passenger vehicle market in Japan debuting three models – BYD ATTO 3, BYD DOLPHIN and BYD SEAL.

Wang Chuanfu, Chairman and President of BYD, Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, Atsuki Tofukuji, Chairman and General Manager of BYD AUTO JAPAN, and other guests attended the conference.

These three electric vehicles will bring more choice and vitality to the EV market in Japan, delivering a safe, comfortable and green driving experience. ATTO 3 is expected to go on sale in January. The DOLPHIN and SEAL respectively will be available for purchase in the middle and second half of 2023.

BYD Chairman and President Wang Chuanfu acknowledged BYD’s long relationship with the Japanese market and said he greatly appreciates the opportunity to grow.

“Over the years, BYD has been deeply engaged in the Japanese market and has accumulated a good market and brand foundation through its pure electric buses, energy storage systems, pure electric forklifts and other businesses,” Wang said. “Today, with the support and expectation of consumers, BYD officially hits the new energy passenger vehicle market in Japan. The longest journey starts with a single step, and we greatly cherish this business opportunity. Full of respect and dedication, we are devoted to providing Japanese consumers with leading technologies, excellent products and high-quality services, aiming to deliver an exceptional travel experience.”

General Manager of BYD Asia-Pacific Auto Sales Division Liu Xueliang unveiled BYD’s slogan for the market — “Hello e-life.”

BYD started serving Japanese customers with rechargeable batteries in 1999. Later, BYD provided the local market with new energy storage products, solar energy products, pure electric buses, pure electric forklifts and other products to help Japan achieve green and sustainable development. Since the delivery of the first batch of zero-emission buses to Kyoto in 2015, the excellent performance of BYD’s pure electric buses have won the approval and support of Japanese customers. Large-scale operation has been achieved in cities including Fukushima, Tokyo, Kyoto, Osaka, Nagasaki and Okinawa. EVs are effective solution for Japan to reduce oil dependence, improve air quality and promote the implementation of “Green Growth Strategy Through Achieving Carbon Neutrality in 2050.”

About BYD

BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and has become a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.

Contact:

Asia-Pacific: Mia Gu, mia.gu@byd.com tel: +86-755-8988-8888-69666

Europe: Penny Peng, PressEU@byd.com tel: +31-102070888

North America: Frank Girardot, frank.girardot@byd.com tel: +1 213 245 6503

Latin America: Sofίa Mardones, sofia.mardones@byd.com tel: +56 9 9821 6851

Brazil: Adalberto Maluf, adalberto.maluf@byd.com tel: +19 3514 2554

Africa: Nikki Li, li.namin@byd.com tel: +86-18938862670

BYD

Kelsey Cone

661-436-0513

byd.com

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HG Semiconductor Enters into Cooperation Framework Agreement with China Titans Energy

Jun 2, 2022 | Business

HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”; stock code: 6908.HK) is pleased to announce that the Group entered into a cooperation framework agreement (“Cooperation Framework Agreement”) with China Titans Energy Technology Group Co., Limited (“China Titans Energy”; Stock Code: 2188.HK) on 31 May 2022, to commence three-year strategic cooperation.

China Titans Energy focuses on the development of power electronics, aiming to use the advanced technology of power electronics and automation control to address the needs of power transformation, supervision, controlling, optimisation, energy-saving and new energy utilization. Pursuant to the Cooperation Framework Agreement, the Group and China Titans Energy intend to cooperate on fast charging pile technology promotion and product sales in Mainland China and Hong Kong, to promote complementarity between the strength of both parties in their respective business areas:

i) China Titans Energy will provide support for the Group to build advanced fast charging pile products, run fast charging pile services in Hong Kong and jointly launch fast-charging system solutions. Both parties will leverage the unique advantage of the Group in being in cooperation with a statutory body in Hong Kong, to jointly promote the development of the Hong Kong smart city and provide upgrades to the electric vehicles and charging facilities in Hong Kong, so as to achieve the international standard of 400 kilowatts direct current charging, data on the cloud, safety monitoring etc for smart management. The new energy fast charging solution is expected to become a pioneer solution in Hong Kong and will help to create a new local business model and investment opportunities, such as constructing a vehicle-to-grid (V2G) energy network, distributed energy storage and grid-level direct current electrical substation;

ii) both parties will cooperate in the research and development of the new generation fast charging piles using the third-generation semiconductor technology provided by the Group; and

iii) HG Semiconductor will engage China Titans Energy for the manufacture of, and supply the Group’s customers in Mainland China and Hong Kong with, the new generation fast charging piles under the brand of the Group.

The “New-Energy Vehicle Industry Development Plan for 2021-2035” under the Fourteen Five-Year Plan of China has deployed five strategic tasks, including i) improving technological innovation capability, ii) constructing a new industrial ecology, iii) promoting industrial integration development, iv) improving the infrastructure system, and v) deepening open cooperation; at the same time the development plan explicitly pointed out the necessity of establishing a technological innovation system with enterprises as the main body, strengthening the infrastructure such as charging and replacing, while the battery management system and batteries are also recognized as one of the key development technologies. Meanwhile, the Hong Kong government also announced the roadmap for the popularization of electric vehicles, aiming to achieve zero emissions for all vehicles by 2050, so that Hong Kong can move towards the vision of zero carbon emissions, clean air and a smart city in an orderly manner. In recent years, the Hong Kong government has been actively promoting “re-industrialisation” and the development of advanced manufacturing industries based on new technologies and intelligent production, which has injected a steady stream of impetus into the development of the third-generation GaN business in the city.

The management of the Group is delighted to have China Titans Energy as its strategic partner to advance the re-industrialisation of Hong Kong’s next-generation semiconductor industry and the development and construction of smart cities in Hong Kong. The Group has obtained six fast-charging battery system patents in 2021 for charging stations, charging conversion systems, charging modules and fast-charging equipment for electric vehicle charging stations. The Cooperation marks the gradual progress of HG Semiconductor towards the goal of harvesting, providing the Group with the opportunity to commercialize its fast-charging battery products under its own brand in Mainland China and Hong Kong, and accelerating the pace of achieving production capacity. With the growing popularity of electric vehicles in Mainland China and Hong Kong, there is a promising business prospect for the development and commercialization of next-generation charging piles in both places. The Group will strive to explore opportunities of establishing a business presence in Hong Kong for fast charging battery solutions and is confident that it will pioneer revolutions and drive new trends within the industry.

About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in the semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode (“LED”) beads, new generation of semiconductor gallium nitride (“GaN”) chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.

For more details, please visit www.hg-semiconductor.com






Topic: Press release summary

Boeing Enters 737 MAX MRO Agreement with Spirit AeroSystems

Apr 27, 2022 | Business

The new agreement expands Boeing’s Maintenance, Repair and Overhaul (MRO) footprint and enhances the service offerings for the global 737 MAX fleet

DALLAS – WEBWIRE –



Boeing Global Services announced a new agreement with Spirit AeroSystems, Inc. and its affiliates to combine aftermarket resources, expanding the MRO footprint in support of nacelle and flight control repairs for the global 737 MAX fleet. The agreement will enhance Boeing support for nacelle and flight control surface removals with a more robust MRO footprint while combining Boeing’s industry-leading asset pool with the hands-on repair experience of Spirit AeroSystems. 


“With this agreement, Boeing Global Services is strategically positioned to assist all 737 MAX operators by providing lease and exchange programs to respond quickly to unforeseen events,” said Mini Desai, vice president of Commercial Spares and Managed Parts, Boeing Global Services. “Our business serves our customer base beyond the sale of aircraft, and now we can expand lease and exchange support for aerostructures with Spirit AeroSystems.”


Spirit AeroSystems has extensive experience with the 737 MAX as the original production manufacturer of the fuselage, thrust reverser, slats, and flaps. This will be the first pooling program Boeing has offered for these specific high value large structural parts. The offering was developed to expand Boeing’s parts services options in response to customer needs.


“Spirit is thrilled to be selected by Boeing Global Services as its global partner for 737 MAX aerostructures repair, including Nacelles and Flight Control Services,” said Kailash Krishnaswamy, senior vice president of Aftermarket Services for Spirit. “Over the last three years, we have expanded from a single MRO center in Wichita to five MRO centers on four continents, which will allow us to serve Boeing’s global customers locally. This strategic partnership will allow us to provide customized, high-quality MRO solutions at industry leading turn-around times for our customers’ 737 MAX nacelles and flight controls.”


About Spirit AeroSystems


Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. We are leveraging decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures, and specialty high-temperature materials, enabling warfighters to execute complex, critical missions. Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com


About Boeing


As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

CubiCasa Enters Australian and New Zealand Real Estate Market Through Partnership with Bladescenes

Mar 23, 2022 | Business

CubiCasa, a global-reaching real estate software company headquartered in Oulu, Finland, has announced a partnership with Bladescenes, a leading creative marketing agency for real estate located in Auckland, New Zealand. This partnership marks a notable boost to CubiCasa’s ongoing expansion into the Australian and New Zealand real estate markets, accelerating the global growth of its mobile property scanning technology.

Bladescenes offers creative photography, videography, and now virtual floor plans as a part of its agency services. Bladescenes markets homes by capturing their prepossessing architect and layout potential through the use of digital technology. CubiCasa’s mobile capture technology gives Bladescenes’ customers the capability to visualize their dream floor plan while speeding up the home inspection and valuation process.

“By partnering with Bladescenes, we are continuing to work toward our mission of modernizing and digitizing the real estate process on a global scale,” said Jeff Allen, President of CubiCasa. “This relationship gives us the opportunity to become the one-stop shop for real estate and mortgage professionals in Australia and New Zealand while continuing to expand in the U.S., Europe, and other target markets.”

CubiCasa, which was founded in 2014 and launched its scanning solution in 2019, has successfully entered the Australian and New Zealand markets, furthering its growth by partnering with successful players in the real estate industry. The company is working with close to 40 leading companies across both countries.

“CubiCasa’s technology will allow us to integrate floor plan and sketch capabilities into our offering along with photography,” said George McNabb, Creative Director of Bladescenes. “By using CubiCasa’s easy-to-use app, we are seeing increased adoption and lower margin of error. CubiCasa has totally changed our business and we are grateful to be partnering with them.”

About CubiCasa

Headquartered in Oulu, Finland, CubiCasa is the global market leader in mobile indoor scanning and is known for its fast and easy-to-use floor plan app on the App Store and Google Play Store. CubiCasa’s technology is used in 144 different countries and has helped create over 1 million floor plans to date. CubiCasa provides technology for the real estate, appraisal, and mortgage industries and is on a mission to digitize real estate. http://www.cubi.casa/

About Bladescenes

Founded in 2012, Bladescenes remains at the forefront of real estate technology and marketing, offering a range of services that includes photography, videography, floor planning, virtual open homes, and virtual staging. With our dedicated team of real estate experts and advanced technology, Bladescenes ensures agents and homeowners have access to the leading and most creative ways to list and sell a property. https://www.bladescenes.com/

CubiCasa Media Contact
Ross Stevens
Caliber Corporate Advisers for CubiCasa
803-549-7529
ross@calibercorporate.com

Padini Enters Partnership with XTS and Huawei Malaysia for RM1 Million Investment in Warehouse Automation Solution

Mar 17, 2022 | Business

XTS Technologies Sdn. Bhd. (XTS), a leading specialist in the design and build of factory automation solutions, and Huawei Technologies (M) Sdn. Bhd. (Huawei), a leading global provider of information and communications technology (ICT) infrastructure and smart devices, has signed a Memorandum of Understanding (MoU) with Padini Dot Com Sdn. Bhd., a subsidiary of Padini Holdings Berhad (Padini, Bursa: Main, 7052) for a warehouse automation solution using automated guided vehicles (AGVs) valued at RM1 million to be delivered within one year of a confirmed order.

Top 1st row, R: Mr. Lim Chee Siong, Huawei Malaysia’s VP of the Cloud and AI Business; 2nd row, L: Mr. Xteven Teoh, Managing Director of XTS and 3rd row, R: Mr. Andrew Yong, General Manager (Operations) of Padini, at the digital MoU signing ceremony.

Padini is a fashion retailer offering two multi-brand labels – Padini Concept Store with eight brands including Padini, Seed, Padini Authentics, PDI, P&Co, Miki, Vincci and Vincci Accessories, and Brands Outlet. Padini is a fashion retailer operating outlets stores in malls across Malaysia as well as Cambodia, Indonesia, Bahrain, Brunei, Myanmar, Oman, Qatar, Thailand and United Arab Emirates.

The warehouse automation solution enables Padini to use AGVs of the reach truck type to assist in warehouse inbound and outbound picking of goods from the current manual system in which the reach truck driver needs to search for the required products on pallets from numerous racks in different locations in the warehouse.

With AGV reach trucks, data stored within the Huawei cloud storage system enables the automated reach trucks to accurately pinpoint where the goods are for picking, with the reach trucks able to navigate its way automatically in the warehouse.

Managing Director of XTS, Xteven Teoh said, “We are proposing through this MoU to design and build the warehouse automation solution using AGVs that can assist and streamline Padini in its warehouse operations. This is also our first warehouse automation solution project utilising AGVs.”

“The AGVs will replace Padini’s two manual reach trucks and two drivers per floor in its warehouse operations. The AGVs will mitigate the risks of human error as time is saved from having to search for the required pallets and there is less risk of goods and other properties being damaged. It is overall more efficient and with consistent outcomes.”

General Manager (Operation) of Padini, Andrew Yong, said, “The collaboration of this project with Huawei and XTS will certainly be a push to modernize the operations of the warehouse in relations to our push for IR 4.0 adoption in Padini. The scope of this project is a small portion of the operations with minimum units to be deployed in the warehouse. During this trial phase, we hope to achieve a better productivity, efficiency and safety. We hope that this trial will be able to prove better consistency in our warehouse throughput, saving time and maintaining or improving the throughput of our operations and the working environment in our warehouse. We will be looking forward to this collaboration.”

Huawei Malaysia’s Vice President of the Cloud and AI Business, Mr. Lim Chee Siong said, “It is always our goal at Huawei Cloud to dive into digitalisation and to provide Everything as a Service (XaaS). We will continue to innovate with local partners to offer cutting-edge technologies to support customer’s digital transformation journey. We are proud to be chosen as the preferred cloud partner by XTS and serving Padini, this collaboration is just the beginning, and we will see more opportunities in future.”

XTS Technologies: https://www.xtstech.com/
Padini Dot Com: https://www.padini.com/
Huawei: https://www.huawei.com/en/






Topic: Press release summary