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NEW YORK, Jan. 16, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA) ("SunCar" or the "Company"), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the Company has officially joined the China Auto Dealers Chamber of Commerce (CADCC) as one of its 40 "vice-chairman" members. This milestone solidifies SunCar's influence in the automotive industry and sets the stage for strategic growth in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets. With over 3 billion fuel vehicles in circulation in China, the traditional automotive market remains a significant sector of opportunity. By joining CADCC, SunCar not only strengthens its position in the rapidly growing NEV space but also expands into the extensive network of fuel vehicle dealerships. This dual focus enables the company to cover the entire spectrum of the automotive market, catering to diverse consumer needs while driving innovation and collaboration within the industry. Founded in 2006, the China Automobile Dealers Chamber of Commerce (CADCC) is a national-level organization under the All-China Federation of Industry and Commerce, representing over 2,000 members, including nearly 8,000 4S dealerships. CADCC serves as a key bridge between dealers, manufacturers, and consumers, promoting innovation, sustainable growth, and industry collaboration while offering services such as policy advocacy, training, and international exchanges. As a vice-chairman member, SunCar joins an exclusive group of enterprises recognized for their exceptional contributions and leadership in the automotive circulation field. "This partnership is a major step in our strategic development," Ye Zaichang, Chairman and CEO of SunCar, stated at the press conference. "It reflects our commitment to bridging the fuel vehicle and NEV markets, fostering collaboration with industry leaders, and meeting the evolving demands of consumers. We aim to leverage this opportunity to drive sustainable growth and innovation while enhancing the overall competitiveness of the industry." Membership in CADCC provides SunCar with a valuable platform for engaging in industry exchanges, policy discussions, and market initiatives. The company plans to collaborate with other members to share resources and develop tailored solutions for both NEVs and fuel vehicles. By addressing the unique characteristics of each market segment, SunCar seeks to create synergies that benefit the broader automotive industry. About SunCar Technology Group Inc. Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. Forward-Looking Statements This press release may contain information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. Contact Information: SunCar:Investor Relations: Ms. Hui JiangEmail: IR@suncartech.com Legal: Ms. Li ChenEmail: chenli@suncartech.com U.S. Investor RelationsMatthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
Leading Floor Care Brand Takes Home Slew of Distinguished Editorial Awards SEATTLE, Jan. 16, 2025 /PRNewswire/ -- Tineco, a trailblazer in smart home cleaning solutions, celebrates its outstanding achievements at CES 2025, garnering several industry awards for its innovative products. These accolades spotlight Tineco's bold strides in creating intelligent, user-focused cleaning technologies that enhance modern living. Award wins include: SlashGear's 2025 CES Innovation Awards – Floor One S9 Artist Steam House Digest's 2025 CES Innovation Awards – Carpet One Cruiser Android Authority's 2025 CES Breakthrough Awards – Floor One S9 Artist Steam Reviewed Awards at CES 2025 – Floor One S9 Artist Steam Tineco Earns Top Honors and Redefines Smart Cleaning at CES 2025 The award-winning products of 2025 embody Tineco's commitment to pushing the boundaries of what's possible in home cleaning. The Tineco FLOOR ONE S9 Artist Steam, honored with three distinguished awards from SlashGear, Android Authority, and Reviewed, introduced groundbreaking capabilities designed to tackle household challenges with ease. Among the standout features that captured the audience's attention at CES were its impressive 284°F high-temperature steam, seamless maneuverability thanks to SmoothDrive Technology, and Aurora AI Lights that dynamically adjust in color to reflect the cleaning status. The seamless self-cleaning cycle that leaves the floor washer and all components in pristine condition for its subsequent use was another highlight, earning particular praise for the efficiency it offered during live demonstrations. Additionally, the Tineco Carpet One Cruiser, recognized with an innovation award from House Digest, exemplifies Tineco's dedication to crafting trailblazing, high-performance cleaning solutions for everyday use. Designed to effortlessly tackle tough stains and refresh carpets, the Carpet One Cruiser delivers unmatched convenience and effectiveness through its advanced features. Its 167°F High-temp PowerDry technology significantly accelerates drying time, while its self-cleaning system eliminates the hassle of post-use maintenance by automatically cleaning the brush head, roller, and internal components. This combination of deep-cleaning performance and user-friendly functionality positions the Carpet One Cruiser as a game-changing solution for busy households. "This recognition reinforces our mission to revolutionize the home cleaning experience through continuous innovation," said Mr. Leng, CEO at Tineco. "Our new technologies are designed to empower customers, making their lives simpler and more efficient." At CES 2025, Tineco also showcased the PURE ONE Station 5, an intelligent stick vacuum with a 3-in-1 Smart Station that provides automatic self-cleaning, charging, and storage. All spotlight SKUs displayed at CES display Tineco's dedication to meeting the diverse needs of today's households. Further underscoring industry leadership in the category, Tineco's parent company, Ecovacs, garnered multiple impressive awards including: Twice's 2025 Picks Award – Deebot X8 Pro Omni MAKEUSEOF's Best of 2025 Award - GOAT A3000 LiDar 2024-2025 Global Smart Home Brands Top 10 – Ecovacs Robotics Robotic Lawn Mower Technology Innovation Award – GOAT A2500 RTK With a community of over 14 million loyal users across key markets globally, including regions in North America, Europe, and Asia, Tineco continues to prioritize quality and cutting-edge functionality. From pioneering smart vacuums to designing next-generation cleaning systems, the brand remains at the forefront of the industry. About Tineco Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com.
GARLAND, Texas, Jan. 16, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, reviews highlights of the past year and shares upcoming priorities in a shareholder letter from CEO David Shan. Dear Shareholders, After the close of another remarkable year, I want to take this opportunity to reflect on our performance, the challenges we have faced, and the exciting opportunities that lie ahead. Industry Landscape and Challenges Massimo Group consists of two wholly-owned subsidiaries: Massimo Motor Sports and Massimo Marine. In recent years, both the powersports vehicle industry and the marine industry have faced significant headwinds. A combination of market downturns and the ongoing push toward electrification has created immense pressure for many companies in our sector. From 2023 to 2024, some peers reported profit margins as low as 2%-3%, with some even experiencing losses or scaling back production. Despite these challenges, Massimo Group has shown resilience, innovation, and an unwavering commitment to excellence, standing out as an industry frontrunner. Strong Performance Amidst Industry Challenges I am proud to report that in 2023-2024, Massimo Motor Sports believe we have achieved strong year-over-year sales growth that will outpace the industry average. While many competitors struggled to maintain profitability, we expect that our focus on high-quality products, operational efficiency, and customer satisfaction has positioned us among the top-performing companies in the sector. Highlights of our performance include: Strong sales compared to the previous year for Massimo Motor Sports. Industry competitive profitability for 2024, with margins expected to exceed industry average. Strategic initiatives that enhanced our market share and strengthened our brand reputation. While others faced setbacks, we believe that our ability to adapt and innovate has solidified Massimo's position as a trusted name in the powersports vehicle industry. Building for the Future Looking ahead, we believe that Massimo Group's future is brighter than ever. Our commitment to innovation, customer-centric strategies, and sustainable growth will position us to navigate the evolving market landscape with confidence. Our plans for the future include: Launching new market-driven products, including all-weather vehicles in 2025 that deliver both comfort and performance, while addressing the increasing demand for electrification and sustainability. Enhancing operational efficiency to maintain our competitive edge and ensure long-term profitability, particularly by expanding distribution centers to enable faster shipping and reduce transportation costs for our customers. Expanding into new markets by building on our strong foundation to reach a broader customer base, exploring innovative opportunities such as low-altitude flying vehicles and advanced smart mobility solutions. Actively pursuing industry consolidation and acquisition opportunities to expand our scale. Additionally, we plan to establish a dedicated R&D department to drive product innovation and promote technology-driven industrial development. We will focus on developing unmanned aerial vehicles and launching new product lines to diversify revenue streams. At the same time, we will optimize our organizational structure, attract top-tier technology talent, and explore growth opportunities in the North American, European, and Asian markets, including the establishment of new distribution networks. We firmly believe these strategies will not only sustain our growth but also strengthen our position at the forefront of the industry. Commitment to Shareholder Value Delivering value to our shareholders remains the cornerstone of everything we do. Massimo Group has consistently demonstrated its ability to thrive in challenging conditions, and we are dedicated to creating sustainable, long-term value through transparency, innovation, and strategic growth. As we embark on the next phase of our journey, I want to thank you for your continued trust, support, and belief in Massimo Group. Together, we will continue to break new ground and reach greater heights. Sincerely, David ShanCEOMassimo Group About Massimo Group Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style minibikes. Founded in 2020, Massimo Marine manufactures and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf carts and pontoon boats. The company's 376,000-square-foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts. Forward-looking statements may include, for example, statements about the Company's ability to enhance its distribution network; reductions to fulfilment times; the future financial and operational performance of Massimo; competitive position; Massimo's financial position, including estimated revenues, profitability, margins, losses and expenses; new products; operational efficiency; expansion into new markets; acquisitions; the establishment of an R&D department; and other plans and objectives of management. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. CompanyDr. Yunhao ChenChief Financial OfficerMassimo Groupir@massimomotor.com Investor Relations Chris Tyson Executive Vice PresidentMZ North AmericaDirect: 949-491-8235MAMO@mzgroup.us Corporate CommunicationsIBNAustin, Texaswww.InvestorBrandNetwork.com512.354.7000 OfficeEditor@InvestorBrandNetwork.com
LISHUI, China, Jan. 16, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") today announced that its subsidiary, Gohomeway Group Inc., successfully completed its EU trademark registration application under a fast-track review status. The registered trademark, classified as a "graphic trademark containing textual elements," features the core text "GOHOMEWAY" in black and yellow as the primary color schemes. It will span multiple categories of goods and services under Gohomeway, including wooden flooring, engineered wood flooring, and other building materials (Class 19), furniture, cabinets, and household storage solutions (Class 20), and e-commerce, advertising, and business consultancy services (Class 35). This achievement underscores Gohomeway's excellence in the home furnishing and building materials sector and lays a solid foundation for its strategic expansion in the European market. The successful trademark registration signifies another breakthrough for Tantech (TANH) in international markets. Mr. Wangfeng Yan, Chief Executive Officer of Tantech, remarked: "The successful EU trademark registration by Gohomeway Group Inc. is a significant milestone in our global strategy. Looking ahead, we will leverage the Gohomeway platform to deliver more innovative home furnishing and building material products to customers worldwide. We are committed to driving sustainable industry development and creating greater possibilities for a better home living experience." About Tantech Holdings Ltd TANH is a professional high-tech enterprise focused on the production, research and development, and sales of home furnishing and building materials. With a well-established domestic and international sales and distribution network, the company has been active in the home furnishing and building materials industry since 2002, beginning with the manufacture of bamboo charcoal products for home use. In 2022, TANH further strengthened its presence in the North American market by establishing a wholly-owned subsidiary in the United States to enhance the R&D and sales of home furnishing and building materials. The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial and local honors, awards and certifications for its products and scientific research efforts. The Company's subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for businesses in and related to its supply chain. For more information, please visit: https://tanhtech.com. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. For more information, please contact: Tantech Holdings LtdInvestor RelationsTel: +86 (578) 226-2305ir@tantech.cn
BEIJING, Jan. 16, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced its charging network has successfully expanded to 360 cities in China as of year-end 2024. This represents over 50% city coverage compared to a total city count of 694 in accordance with National Bureau of Statistics of China (NBS) for year 2023. Among 360 cities NAAS covered, approximately 170 of them increased charging volume through NaaS platform by more than 50% in 2024 compared to 2023. NAAS achieved this new benchmark through robust growth in both supply-side infrastructure and demand-side partnerships: On the supply side, as of September 30, 2024, NaaS had connected nearly 1.15 million chargers to its charging network, accounting for approximately 35%[1] of China's total public charging infrastructure. This critical momentum is a result of NaaS' business strategy focus on core charging services as announced last year and its long-term mission in advancing the sustainable energy transition. On the demand side, NaaS has expanded its user base through strategic collaborations with major automotive OEM brands. Partnerships with BYD's sub-brands (Dynasty, Ocean, and Fang Cheng Bao), as well as leading players such as NETA, IM Motors, Hongqi, and FAW-Volkswagen, have ensured that electric vehicle (EV) drivers can easily, quickly and reliably access chargers anywhere and at any time. Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "We are proud of our dedicated pursuit of the strategic initiatives in advancing the EV charging ecosystem. Our supply-side infrastructure connection powered by AI technologies and NaaS Energy Fintech system is ready to deliver top-tier EV charging solutions for our users. Looking ahead, NaaS remains committed to advancing interconnectivity for vehicles of all types and sizes, as well as spearheading innovation in China's rapidly growing EV charging market. By bridging the gap between supply and demand, NaaS is setting new standards for operational excellence, leading partnership win-wins, and empowering EV users to embrace a sustainable future." Mr. Steven Sim, Chief Financial Officer of NaaS, added, "Our strategic investment in the supply-side capabilities and technological advancements for our core charging services have consistently enhanced our financial performance, culminating in a record high gross margin of 57% for the most recent quarter ended September 30, 2024. As we continue to optimize, adapt and scale our charging business to fulfill the demand of the ever-expanding EV drivers, we are confident in further delivering the required energy performance to the EV charging community." [1] According to data from the China Electric Vehicle Charging Infrastructure Promotion Alliance, China had 3.33 million public chargers as of September 30, 2024, up from 2.73 million at the end of 2023. About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets' lifecycle and facilitating energy transition. Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC. For investor and media inquiries, please contact: Investor RelationsNaaS Technology Inc.E-mail: ir@enaas.comMedia inquiries:E-mail: pr@enaas.com
HONG KONG, Jan. 16, 2025 /PRNewswire/ -- Starting today, PhotonPay, a digital financial infrastructure, will support Google Pay, enabling cardholders to take advantage of simple and secure contactless payments and digital card storage on both Android devices and WearOS. PhotonPay Launches Google Pay Support for Mastercard Users in Hong Kong Using Google Pay also makes payments safer with multiple layers of security, adding to the protections already provided by your PhotonPay Mastercard Commercial Credit Card. This includes industry-standard tokenization, which means transactions made through Google Pay use a virtual card number (a token) instead of the actual card number. This token is device-specific and paired with a dynamic security code that changes with each transaction, adding an extra layer of protection against fraud. Powered by Near Field Communication (NFC), tap-to-pay transactions enable secure, short-range wireless data exchange, ensuring fast and reliable payments for PhotonPay users. Additionally, Google Wallet's privacy settings give users full control over their data, and the "Find My Device" feature ensures card and data security by allowing users to lock devices, reset passwords, or erase personal information remotely. Chao Xu, Vice President of Products at PhotonPay, said, " We're thrilled to annouce PhotonPay's integration with Google Pay. PhotonPay is still a powerful platform to manage all your cards in on and its integration with Google Pay enbles even more ways to pay in stores, online, and in-apps. With Google Pay and PhotonPay's all-in-one card and customized tools, customers get to experience a simpler, rewarding way to manage their finances." Founded in 2015, PhotonPay offers global payment solutions to businesses with its innovative core products including Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. It is committed to building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Add PhotonPay Mastercard Commercial Credit Card to Google Wallet Open the Google Wallet app or download it on Google Play Tap 'Add to Wallet' and follow the instructions Verify your card if needed. Then you're all set! To start using your PhotonPay Mastercard Commercial Credit Card with Google Pay, download Google Wallet on Google Play today. For more information, visit the link: https://www.photonpay.com/en/ About PhotonPay Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the Greater China region of Discover® Global Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquarters in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 enterprises globally.
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