Preh achieves 2021 targets in a difficult market

Preh CEO “Charlie” Cai promotes “shoulder-to-shoulder cooperation” in 2022 between carmakers and suppliers

By: Preh, Inc.

NOVI, Mich.April 14, 2022PRLog — In the past fiscal year, Preh generated sales of EUR 1.34 billion (2020: approx. EUR 1.2 billion). The automotive supplier was thus able to just meet the targets it had set for itself in an extremely difficult market environment. As the external conditions are likely to remain tense in 2022, CEO Zhengxin “Charlie” Cai sees high-cost burdens for the company and the industry as a whole.

Preh’s earnings are also in line with expectations. EBITDA was acceptable overall at EUR 177.7 million (2020: EUR 127.4 million). “We owe this to the highest efforts of the team, which in a joint show of strength has mitigated external cost effects and tapped internal optimization potential—an achievement we can all be very proud of together,” said CEO Cai.

Cai is cautious about the outlook for 2022: “Rising inflation, higher energy costs, enormous price increases in materials purchasing, a shortage of skilled workers and the unstable global political situation—these are all factors that we cannot avoid. These conditions will continue to impact our costs this year, applying not only to Preh, but to the automotive industry as a whole.

“If we want to secure value creation and thus jobs in Germany, we need a joint shoulder-to-shoulder effort by carmakers and suppliers,” said Cai. In the year under review, 7,054 employees worked for Preh; in 2020, the figure was 7,194.

Innovations in the field of HMI and E-Mobility

In 2021, Preh was again able to attract attention through innovation leadership. One highlight was the Ford World Excellence Award in the category “must-have products and services”: for the touchscreen with haptic rotary knob in the Mustang Mach-E and the F-150 Lightning.

“We see great potential in smart surfaces as well as in haptic controls with a high level of function integration and in the combination of touchscreens with haptic operating elements,” observed Cai. “In the growth segment of e-mobility, we supply OnBoard Chargers (OBC) for passenger cars and commercial vehicles. Recently, an OBC went into production in the Volvo XC40 Recharge, and a new bi-directional OBC is currently in development for a well-known automotive brand.”

Overall, the demand for electrically powered vehicles is also making itself felt at Preh. The e-mobility division’s share of total sales rose from 17 percent in 2020 to 20.5 percent in the past fiscal year—an upward trend. Both pillars, HMI and e-Mobility, are to become equally strong in the future.

Sustainability as an integral part of the company vision

Preh’s innovative approach in all areas is evident both on the product side and in its financial structure. In December 2021, for example, the company concluded a syndicated loan with Commerzbank that is tied to sustainability criteria.

“The loan managed by Commerzbank places particular emphasis on environmental, social and corporate governance criteria. We have positioned ourselves for the future also in this respect and at the same time created the necessary stability and flexibility to cope with market turbulence and to finance growth,” emphasized Cai.

About Preh

As a global automotive supplier, the Preh Group currently employs around 7,000 people and in 2021 achieved sales of around EUR 1.3 billion. Preh was founded in Bad Neustadt a. d. Saale in 1919 and since 2011 has been part of the Joyson Group. Preh’s development and manufacturing expertise includes, in particular, HMI systems for cars and commercial vehicles, as well as e-mobility components in the low-voltage and high-voltage range.

As a subsidiary of the listed Joyson Electronics Corp. (600699: Shanghai), Preh is the Automotive Electronics division within the Joyson group of companies, Ningbo (China), founded by Jeff Wang in 2004. For more information, please visit

Dynasty targets global upscale real estate market with innovative cryptocurrency

Zug, Switzerland, 11 June 2021, ZEXPRWIRE, A new and unique cryptocurrency, the DYNS, designed to link the benefits of both the crypto and real estate worlds, is being announced by Swiss-based Dynasty Global Investments AG. DYNS will be linked to ultra-premium property assets acquired by Dynasty in major centres around the world.

“By linking DYNS with real estate, we want to bring more solidity and credibility to the market”, stated Dynasty’s co-founder and CEO, Eduardo Carvalho. In all, 21 million DYNS tokens will be issued in four tranches, starting on July 01 via major crypto exchanges. As tokens are sold, funds will be used to acquire more ultra-premium real estate. With revenues from the properties, Dynasty will rebuy DYNS from the market to be burnt, increasing their scarcity.

The company is already building its property portfolio, with the purchase of nearly 1,000 sqm of high-end commercial office space in Sao Paulo’s prestigious Faria Lima Avenue, worth BRL 27,695,000 (USD 5.48 million). Additional properties being assessed for acquisition are in cities like New York, London, Hong Kong and Singapore.

It’s no accident that successful Brazilian entrepreneurs Eduardo Carvalho and Fabio Asdurian chose the Swiss canton of Zug as Dynasty’s headquarters when they created the company in 2016. The area, known as the Crypto Valley, hosts a number of cryptocurrency-related businesses committed to the region’s globally recognised rules, set up to regulate the use of blockchain technology. Dynasty also follows strict rules to prevent money laundering, including the 1988 Know Your Client principles, developed in Basel, with a thorough process to identify buyers of its DYNS tokens.

Carvalho started his enterprising career early, halting university studies to launch his first business venture at the age of 19. He developed experience in the high-end property market as COO of Imovel A, a property business specialised in the sale of luxury real estate. Co-founder Asdurian is also a seasoned retail entrepreneur, with a number of innovative Latin American e-commerce concepts involving major global brands, launched from his native Brazil.

The DYNS’s launch coincides with Carvalho’s attendance at this year’s Ritossa Family Office Investment Summit in Monte Carlo, starting on June 30. He will make presentations and hold meetings at the event, considered the largest and most influential gathering of family wealth, representing USD 4.5 trillion in assets.