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Reduce Costs, Improve Efficiency Promote Energy Conservation and Emission Reduction for Trucks HONG KONG, Jan. 15, 2025 /PRNewswire/ -- In late November last year, Hong Kong-listed company China International Development Holdings (00264.HK) announced that it signed the memorandum of understanding for the possible formation of a joint venture with its strategic partner, French-based Flex Fuel Energy Development Ltd (FFED), are going to form the JV Company as soon as practicable. The collaborate on the research and development, production and sales of the hydrogen injection cleaning system for motor vehicle's engine, with an aim to address air pollution control for motor vehicles and non-road mobile sources in China, achieving energy-saving, emission reduction, cost reduction, efficiency improvement and contributing to the dual carbon goals of China. Recently, Dacheng (National) Trustworthy Auto Repair Chain Co., Ltd. and Flex Fuel Energy Development (Shenzhen) Co., Ltd. have reached a strategic partnership for deeper integration. Together, they will provide high-tech, high-efficiency hydrogen engine maintenance equipment to truck drivers and transportation companies across the country, achieving cost reduction, efficiency improvement, energy conservation, and emission reduction benefits—a cooperation worth noting. As a leading player in the truck repair industry, Dacheng Truck Repair (National) Chain adheres to the principles of "maintenance over repair" and "green repair." It is a pioneer in China's truck repair chain industry. Its core business includes technical training, talent supply, vehicle coordination, centralized procurement of spare parts, vehicle lifecycle maintenance services for major clients, and financial services. Additionally, Dacheng Truck Repair and Xinzongan Coordinated Insurance leverage nearly 1,500 chain repair shops nationwide and numerous strategic logistics fleet partnerships to provide internal insurance services for logistics fleets. These services reduce costs, improve efficiency, and increase accident repair volumes for repair shops. This dual approach not only lowers insurance participation costs for logistics fleets and truck drivers but also enhances safety assurance, offering nationwide rescue, joint guarantees, and unified services. Flex Fuel Energy Development focuses on preventing pollution from motor vehicles and non-road mobile sources. By leveraging technological innovation, it plays a key role in supporting and leading efforts to protect blue skies. It contributes to achieving green, low-carbon, high-quality development while synergizing pollution reduction and carbon reduction. As a leader in "green repair" for the automotive industry, Flex Fuel Energy Development is committed to developing hydrogen-based energy-saving and emission-reduction technologies, helping the industry transition toward high-quality, sustainable, and low-carbon development. The collaborate on the research and development, production and sales of the hydrogen injection cleaning system for motor vehicle’s engine, with an aim to address air pollution control for motor vehicles and non-road mobile sources in China, achieving energy-saving, emission reduction, cost reduction, efficiency improvement and contributing to the dual carbon goals of the China. Using Flex Fuel’s hydrogen engine maintenance equipment not only effectively improves engine combustion efficiency but also employs advanced hydrogen cleaning technology for engines in a more environmentally friendly and efficient manner. Dacheng Car Repair (Nationwide) Chain is the pioneer of China Car Repair Chain. Flex Fuel Energy Development (Shenzhen) Co., Ltd. is the Asia-Pacific subsidiary of Flex Fuel Energy Development Ltd, a French technology company founded in 2008 and listed among the French Tech 120 Index. The company holds exclusive sales and production authorization for the Asia-Pacific region. Its hydrogen engine maintenance equipment has received official safety certifications from entities such as the French National Railway, the Marine Agency, and the Ministry of Environment. Currently, the group engages in hydrogen research and production equipment, offering comprehensive energy solutions tailored to customer needs. These solutions reduce costs, align with global trends, utilize renewable energy, directly reduce emissions, save energy, and meet commercial ESG standards. Backed by Real-World Test Data According to real-world test data, using Flex Fuel's hydrogen engine maintenance equipment not only effectively improves engine combustion efficiency but also employs advanced hydrogen cleaning technology for engines in a more environmentally friendly and efficient manner. This significantly reduces the maintenance time required by technicians and lowers risks during repairs. For truck drivers, the benefits include improved combustion efficiency, enhanced horsepower, reduced fuel consumption, lower engine noise, reduced idling vibration, lighter throttle response, faster acceleration, elimination of exhaust odor, complete combustion in the engine chamber, and restored vehicle performance to near-new conditions—all in one go. Advantages for Flex Fuel Energy Development (Shenzhen) Through its strategic partnership with Dacheng (National) Trustworthy Auto Repair Chain, Flex Fuel Energy Development (Shenzhen) can rely on Dacheng's extensive network of nearly 1,500 repair chain outlets nationwide and the resources of Xinzongan Coordinated Insurance, which covers nearly 200,000 insured vehicle owners. The hydrogen maintenance project will serve a wide range of truck drivers and logistics fleets. By offering regular maintenance services, large fleet maintenance plans, and value-added insurance services, the partnership between Dacheng and Flex Fuel not only helps truck drivers save costs but also empowers the Dacheng system with the principles of "maintenance over repair" and "green repair," creating a better future together. About French Hydrogen New Energy (Shenzhen) Co., Ltd FFED's engine hydrogen maintenance equipment has been officially certified by the French Railways Agency, the Oceanic Agency, the Ministry of Environmental Protection and other official safety certifications. French Hydrogen New Energy (Shenzhen) Co., Ltd. is an Asia-Pacific subsidiary of French French Hydrogen New Energy Co., Ltd. (founded in 2008, one of the French technology 120 index companies). It has the exclusive sales and production authorisation in the Asia-Pacific region. The engine hydrogen maintenance equipment has been officially certified by the French Railways Agency, the Oceanic Agency, the Ministry of Environmental Protection and other official safety certifications. At present, the group is engaged in hydrogen research and development and production equipment, providing a full range of energy solutions, applying its equipment and the hydrogen produced according to customer needs, so as to reduce costs, meet the world trend, apply renewable energy, directly reduce emissions and save energy, and meet the requirements of commercial ESG. About Dacheng Car Repair (Nationwide) Chain Dacheng Car Repair (Nationwide) Chain is focusses on technical training, talent transfer, vehicle coordination, accessories collection, full life cycle maintenance services for large customer vehicles, and financial business. Dacheng Car Repair (Nationwide) Chain is the pioneer of China Car Repair Chain. Its business focuses on technical training, talent transfer, vehicle coordination, accessories collection, full life cycle maintenance services for large customer vehicles, and financial business. Dacheng Car Repair and Xinzhong'an coordinated insurance, owning nearly 1,500 chain repair shops and many strategic cooperation logistics fleets across the country. Dacheng Car Repair and Xinzhong'an coordinated insurance, taking the opportunity of nearly 1,500 chain repair shops and many strategic cooperation logistics fleets across the country, not only to carry out internal protection for logistics fleets, reduce costs and increase efficiency, but also increase the maintenance volume of accident vehicles for repair shops, that is, reduce the participation fee for large logistics fleets and car friends, and obtain safety and security. . National rescue, joint insurance and continuous service.
Creating a sustainable future through comprehensive mobility services like car-sharing. SINGAPORE and JAPAN, Jan. 8, 2025 /PRNewswire/ -- Sumitomo Mitsui Auto Service, Japan ("SMAS") and Tribecar, Singapore ("Tribecar") will become partners in the development of car-sharing services and technology in Singapore and in the region. Adrian Lee, Co-Founder of Tribecar with Kei Sato, President & CEO of SMAS SMAS, with its extensive experience in managing over 1 million vehicles across Japan, Australia, India, Indonesia, and Thailand, offers a comprehensive suite of automotive solutions, including leasing, fleet management, risk management, cost optimization, and sustainable fleet development. Tribecar is the only car-sharing service provider in Singapore to offer a comprehensive fleet of 1,500 vehicles, including passenger cars, commercial vans, and motorcycles. This diverse range of options caters to a wide spectrum of drivers, from families and new drivers to private-hire vehicle (PHV) and commercial operators. By joining forces with Tribecar, SMAS gains access to cutting-edge car-sharing technologies and expertise. This collaboration will expedite the development of innovative personal mobility solutions across the region. To further strengthen its commitment to sustainable mobility, SMAS has acquired a minority stake in Tribecar. This strategic move aligns with SMAS's broader goal of expanding its portfolio of environmentally friendly technology solutions. "This partnership with SMAS marks a significant milestone for Tribecar. By joining forces, we're poised to shape the future of mobility, offering innovative solutions that cater to the evolving needs of our customers." said Adrian Lee, Co-Founder of Tribecar. "We are excited to partner with Tribecar to accelerate the growth of car-sharing services in Singapore and the region. By combining SMAS's expertise in mobility solutions with Tribecar's innovative platform, we aim to shape the future of sustainable mobility." said Kei Sato, President & CEO of SMAS. SMAS intends to trial the technology by Tribecar as soon as 2025 in one of its subsidiaries. To commemorate this new partnership, customers of Tribecar can look forward to exciting new discounts and services to mark this occasion. Stay tuned to Tribecar's social media channels for more details. The Tribecar app is available for download via the Google Play Store and the Apple App Store. About Tribecar Tribecar is Singapore's most comprehensive car-sharing platform, offering a diverse fleet of over 1,500 vehicles – from passenger cars to commercial vans and motorcycles – conveniently located island-wide. Founded in 2016, Tribecar provides a more affordable and better peace of mind alternative to car ownership and car-sharing in Singapore. Key Benefits: Flexible Rentals: Rent by the hour, day, or week to suit your needs. All-Inclusive Pricing: Enjoy transparent pricing that includes insurance, COE, road tax, and maintenance. 24/7 Bookings & Pick-Up: Book and access your car anytime, anywhere through our user-friendly app. Wide Range of Vehicles: Choose the perfect vehicle for your needs, whether it's a family outing, a commercial delivery, or just a quick errand. Compliance & Safety: All vehicles comply with LTA regulations and come equipped with comprehensive insurance, including coverage for private-hire, food delivery, and leisure use. P-plate drivers from the age of 18 years old are also welcome. Download the Tribecar app today from the Google Play Store or Apple App Store. Visit our website (https://www.tribecar.com/) to learn more. About SMAS As a leading company in the auto leasing industry, our goal is to be "Mobility Platformer aiming for Sustainable Society", in order to contribute to the development of automobile society and global sustainability. We are committed to creating a sustainable future through "comprehensive mobility services" that meet all kinds of needs related to the movement of people and goods.
HANGZHOU, China, Jan. 6, 2025 /PRNewswire/ -- Geely Auto announced its breakthrough 2024 annual sales of 2.17 million units, marking a 32% year-on-year increase. The international business posted a record high of 403,923 units exported, a 53% surge compared to last year's performance. Geely Auto hit 2.17 million units in 2024 In 2024, Geely Auto significantly expanded its global footprint to 80+ countries and regions, entering 10+ new markets while solidifying its presence in existing markets like Middle East, Eastern Europe, and Latin America. This strategic expansion was further amplified by the successful introduction of 16 models across 40+ countries and regions, demonstrating Geely's commitment to providing high-value vehicles and exceptional customer experiences to a diverse global audience. Strengthening Localized Presence and Network Geely Auto's global sales and service network expanded significantly, reaching approximately 900 locations – a 69% increase from the end of 2023. The company also amplified its regional operations by building 2 factories in Asia and Africa, and establishing 4 new subsidiaries in Indonesia, Australia, Philippines and Chile to enhance local market access. To optimize supply chain, a state-of-the-art global parts network was established, supported by a central hub and 5 strategic overseas facilities. Flagship Models Driving Growth The Coolray hit 1 million units with a presence in 51 countries. It cemented Top 3 position in its segment among Chinese brands across 6 major markets. The Monjaro exports surged 150% year-over-year, showcasing strong demand for its luxurious design and powerful performance. The Emgrand reassured its market dominance, ranking as top 3 A-sedan among in 9 key markets. The Geely EX5 garnered global attention through its appearances at international stage, such as Automechanika Frankfurt, the Thailand Auto Expo, and the Hong Kong IMXPO. Building Inclusive User Experience 2024 witnessed the number of Geely user surpassing 16 million, and how it prioritized product innovation, operational excellence, and brand building. To offer tailored solutions across markets, Geely continues its 'multi-energy' strategy encompassing ICE, hybrid, electric, and methanol. Driving Positive Change Through ESG Leadership Geely Auto keeps demonstrating its commitment to social responsibility. From charity initiatives in Europe, welfare projects in Latin America, to vehicle recycling program in Africa, these efforts showcase its dedication to making a positive impact worldwide. In 2025, Geely Auto will leap forward boldly toward its global selling target of 2.71 million units while evolving the full scale of operating system, business capability, product strategy, and refined aftersales.
Hyundai Motor secures nine awards, Genesis earns eight, and Kia receives five Hyundai is ranked second and Genesis is ranked third tied with Honda and Mazda, respectively, among global brands with the most awards Recognition underscores the exceptional safety standards of Hyundai, Kia, and Genesis vehicles SEOUL, South Korea, Dec. 19, 2024 /PRNewswire/ -- Hyundai Motor Group is proud to announce that a total of 22 models from Hyundai Motor Company, Kia Corporation and Genesis have been honored with the Insurance Institute of Highway Safety (IIHS) 2024 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards. Hyundai Motor IONIQ 5 The Group's total is more than any other automaker in the annual assessment, comprising 21 percent of the total 2024 awards. Moreover, Hyundai brand ranked second and Genesis ranked third tied with Honda and Mazda, respectively, among the brands with the most awards."The Group's exceptional performance in the IIHS 2024 Top Safety awards is a testament to our unwavering focus on safety and continuous efforts to provide the highest level of protection for vehicle occupants and other road users," said Brian Latouf, President and Global Chief Safety and Quality Officer at Hyundai Motor Group. "The results also reflect our strategy to maintain safety leadership for 2025 and years to come." Among the Group's brands, Hyundai Motor secured nine awards (four TSP+ and five TSP), Genesis earned eight awards (seven TSP+ and one TSP), and Kia earned five awards (one TSP+ and four TSP). This recognition highlights the exceptional safety standards embedded in Hyundai, Kia and Genesis vehicles. All vehicles were 2024 model year unless otherwise specified. For Hyundai Motor, the TSP+ winners included the IONIQ 5, KONA and TUCSON (models built after March 2024) small SUVs and IONIQ 6 midsize electric car. The TSP winners included the ELANTRA small car, SONATA midsize car, PALISADE and SANTA FE midsize SUVs, and SANTA CRUZ small pickup truck. For Genesis, the TSP+ winners included the G80 (models built after October 2023), Electrified G80, and G90 (models built after October 2023) large luxury cars, GV60 small SUV, and GV70 (2025MY) (models built after April 2024), Electrified GV70 (models built after April 2024), and GV80 (models built after August 2023) midsize luxury SUVs. The TSP winner was the GV70 (models built after November 2023) midsize luxury SUV. For Kia, the TSP+ winner was the TELLURIDE midsize SUV. The TSP winners included the K4 small car, SPORTAGE small SUV, and the EV9 (models built after January 2024) and SORENTO (2024-25MY) midsize SUVs. More information about Hyundai Motor Group: http://www.hyundaimotorgroup.com or Newsroom: Media Hub Kia K4
NEW YORK, Dec. 11, 2024 /PRNewswire/ -- Digital car keys offer automotive Original Equipment Manufacturers (OEMs) a powerful way to showcase their digital capabilities, providing customers with seamless, value-added vehicle access and passive start features. Global technology intelligence firm ABI Research forecasts shipments of vehicles with digital car key technology to grow at a strong CAGR of 17.2% from 2024 to 2031, reaching nearly 60 million vehicles by the end of the forecast period. These keys can be enhanced with new features over time, enabling OEMs to drive ongoing revenue through optional upgrades that require a subscription. OEMs often enable digital key features for free for the first year of ownership, then charge annually after the trial. However, OEMs must carefully choose the right technologies suited to different regions and price segments to maximize revenue potential. "For example, Ultrawideband (UWB) technology for digital car keys provides drivers with precise positioning and passive unlocking of the vehicle, albeit for a higher price tag for the UWB chipset and accompanying anchors in the car," explains Abu Miah, Smart Mobility & Automotive Analyst at ABI Research. "For premium vehicle lines, UWB should still be a no-brainer, as the security advantages it provides over other technologies, such as Bluetooth Low Energy (BLE) or Near-Field Communication (NFC), are must-haves for drivers of higher-end vehicles that are more commonly the target of theft through relay attacks. In more affordable models, the price tag of UWB may not be worth the investment." BLE and NFC combination solutions and BLE, NFC, and UWB combination solutions are the fastest growing in the market, with a CAGR of 14% and 34%, respectively, with the difference arising because of the relatively early stage in the market for UWB solutions. Digital car key solutions are expected to reach 70% of vehicle shipments globally by 2031, rising from just 22% in 2023. More and more OEMs are shipping all of their vehicle lines with some sort of digital key functionality, with several also including UWB support in their top-of-the-line models in the last year, such as BMW, Kia, Mercedes-Benz, and Hyundai. These companies are supported in deployment by their Tier One suppliers, chipset suppliers (such as NXP), and often digital key specialists for both the hardware and cloud platform infrastructure (such as Thales, WirelessCar, and Giesecke & Devrient). The industry has begun to unify around open standards bodies for digital keys, such as the Car Connectivity Consortium (CCC), Intelligent Car Connectivity Ecosystem Alliance (ICCE), and Intelligent Car Connectivity Open Alliance (ICCOA). Looking to the future, these open standards will play a key role in enabling the industry to move forward with digital key adoption, and nearly all OEMs are moving in this direction, apart from Tesla and some Chinese OEMs who value the quicker time-to-market that proprietary approaches allow. These findings are from ABI Research's Automotive Cyber Security: Securing Vehicle Access application analysis report. This report is part of the company's Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah Petrara Tel: +1.516.624.2558pr@abiresearch.com
SINGAPORE, Nov. 26, 2024 /PRNewswire/ -- Sleepy showrooms filled with dubious characters used to be the defining feature of Singapore's used car trade, but the sector has seen rapid change in the past years. Founded as an online car classifieds page, Sgcarmart's arrival brought much needed light to consumers shopping in an otherwise opaque market. Those looking to purchase a used car could now see just what alternatives were available, all at clearly stated prices, with the simple click of a few buttons. The firm had finally corrected the long unaddressed discrepancy of market knowledge back in favour of the everyday consumer, and with this, came fairer prices for all looking to purchase a set of wheels. But Sgcarmart did not rest content with what it had achieved. As consumer habits and expectations evolved in the rapidly growing city-state, so too did the firm evolve. On the front-end, the firm has embraced new programming languages, integrating it across its projects even as the dominance of the programming language only started to become apparent. Alongside this, Sgcarmart also made the transition to more modern frameworks, moves that have enabled it to create more efficient and user-friendly applications. The changes have been a welcome beacon for all in Singapore. Today, the Sgcarmart website and accompanying app is packed with prices and details of new and used cars alike (information that is much needed in this market). Users can also easily obtain information on vehicle care and maintenance, and there's a host of resources for individuals to obtain parts and accessories for their vehicles. More recently, Sgcarmart has also taken to integrate AI into its workflows, allowing it to enhance staff productivity while ensuring it remains ready to tackle future challenges with confidence. Propelling this most recent embrace of technology is Sgcarmart's GM of Product Development, Mrs. Paustina Chou, who recently won the Tech Talent Assembly award for "Tech Talent Builders". Together with the team, she has designed and developed a multifaceted strategy designed to foster tech talent growth at Sgcarmart, building the people that have stood at the centre of the firm's innovation. With the goal of ensuring that talents are up to date with the latest emerging market trends including the growth of modern development frameworks, widespread use of generative AI, as well as the maturing of cloud computing and machine learning, she has worked closely with the teams under her care to ensure all within the firm stay updated in a rapidly evolving tech landscape. Shahrul Tahir, CEO of Sgcarmart, said, "At Sgcarmart, we continue to cement our position as Singapore's no.1 automotive platform by our continuous pursuit on improvement, both on technology and on talent development." There's still more work to be done, of course. 2024 saw car prices in the country skyrocket, while a multi-day failure of one of the nation's oldest train lines has led to renewed doubts about how the state ought to manage its public transport infrastructure. Addressing these will no doubt require clever solutions from the world of public policy and urban planning. But the nation can at least rest easy with the knowledge that when it comes to applying new tech, the (head) lights at Sgcarmart are shining brighter than ever. About SGCM Pte Ltd As the first choice car site with over 30,000 listings, Sgcarmart offers the largest database of new and used cars, with an average of 10 cars sold every hour, helping to drive approximately 70% of all second-hand car transactions in Singapore. The platform receives more than 1.6 million users every month, offering the highest level of support for drivers with its suite of value-added car ownership & transactional services.
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