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Norwegian Proof of Concept conducted successfully Millions of kilometers of trips processed System scalability makes it viable for nationwide deployment NEW DELHI, INDIA - EQS Newswire - 28 November 2024 - Kapsch TrafficCom reports findings of Road User Charging (RUC) Proof of Concept (PoC) in Oslo, Norway. The initiative tested innovative solutions for distance-based road pricing with GNSS (Global Navigation Satellite System) technology as a sustainable alternative to traditional fuel taxes. This approach aims to address the decline in fuel tax revenues resulting from the shift to electric vehicles while ensuring fairness and accessibility for all road users. Carolin Treichl, EVP EMENA at Kapsch TrafficCom, highlighted the project's innovation: "With this PoC, we are bringing together satellite tolling technology and Cooperative Intelligent Transport Systems in a way that has not been done before in Europe. With over 2 million kilometers of trips processed and a rate accuracy exceeding 99%, the PoC demonstrated the viability of a low-cost, flexible, and scalable RUC system that is based on GNSS technology." As countries worldwide, including Norway, advance their transition to electric vehicles (EVs), governments face significant challenges in maintaining infrastructure funding. Fuel tax revenues – a primary source of road maintenance funding – are projected to decline by more than 85% in Norway by 2050. Recognizing this issue, the Norwegian government has prioritized studying and implementing sustainable road usage charges based on the "polluter pays" principle. The PoC leveraged a smartphone-based application paired with the GNSS tolling technology developed by Kapsch TrafficCom. The cloud-based, device-agnostic approach of Kapsch TrafficCom processes road usage data, calculates charges based on predefined tariffs, and delivers results with maximum accuracy, even in Norway's challenging road environments. Results and Insights The PoC encompassed: Over 2 million kilometers of real and simulated trips 80 million position data points processed, achieving a 99.5% rate accuracy Successful adaptation to diverse conditions, including urban congestion, tunnels, and remote areas These results underscore the system's scalability, making it a sustainable solution for nationwide implementation. The PoC also aligns with broader trends in mobility, including demand management and connected vehicles. Its cloud-based architecture reduces CO₂ emissions by 85% compared to traditional systems, supporting global sustainability goals. More information: Press | Kapsch TrafficCom Sandra Bijelic Head of Corporate Communications Kapsch TrafficCom AG sandra.bijelic@kapsch.net Hashtag: #KapschTrafficComAGThe issuer is solely responsible for the content of this announcement.
BANGKOK, THAILAND - Media OutReach Newswire - 28 November 2024 - PTT Lubricants, a leading lubricants brand from Thailand and flagship business under the operations of PTT Oil and Retail Business Public Company Limited (OR), is accelerating business growth opportunities for sustainable development. The company is focused on innovating and improving product and service quality to deliver excellent consumer experiences. Additionally, PTT Lubricants is expanding its business internationally to achieve success and recognition in global markets. This includes products across various brands such as PTT Station, Café Amazon, EV Station PluZ, and the distribution of PTT Lubricants products. With a goal to become a globally recognized brand. OR has been producing and distributing PTT Lubricants products for over 30 years, earning the trust and confidence of consumers, as evidenced by its number-one sales position in Thailand. The company is committed to expanding its international market, with its products now available in over 40 countries worldwide, including ASEAN, Asia, Africa, and Europe. Through continuous innovation and the development of comprehensive product formulas, OR caters to the lubricant market across automotive, industrial sectors, and OEM markets for vehicle manufacturers, ensuring it meets the diverse needs of consumers in different countries. In addition, the company has developed an Automated Lubricants Distribution Center with a storage capacity of over 260 million liters per year, enabling it to efficiently support market expansion both domestically and internationally. PTT Lubricants will accelerate market expansion in Southeast Asia and high-potential growth markets, including Taiwan, Indonesia, the Philippines, Malaysia, and Burkina Faso. Notably, Indonesia is a key market with rapid growth in the automotive industry. PTT Lubricants has partnered with PT Sumber Suwarna Unisindo, a leader in the lubricants industry, to deliver high-quality lubricants and after-sales services to Indonesian customers. In Taiwan, PTT Lubricants has been operating for over 14 years in partnership with Dynamax Petrochemical Ltd., establishing a strong foundation in motorcycle and high-quality gasoline products. This collaboration has earned recognition among high-end customers in the European luxury car market and the big-bike racing segment. In response to advancements in automotive technology and the changing demands of consumers, particularly the focus on environmental conservation and pollution reduction, PTT Lubricants has launched a new engine oil formula featuring the innovative "EVOTEC Technology" platform. The standout "3E" properties of EVOTEC are designed with the future in mind: * Environment: Reduces emissions and carbon dioxide, promoting a cleaner and more sustainable environment for a better future. * Endurance: Helps clean contaminants and protects the engine, ensuring durability under all driving conditions, whether for long-distance driving or heavy use. * Efficiency: Enhances engine performance, providing maximum responsiveness at every acceleration, while also promoting optimal fuel efficiency. Additionally, the EVOTEC technology has been designed to support all types of engines, whether gasoline or diesel, for passenger cars, pickup trucks, motorcycles, and trucks. It has also received world-class quality certifications from leading organizations. The product range includes: * Performa Series: Engine oil for gasoline vehicles with Gasoline Direct Injection (GDI) and Turbo-GDI systems, developed using SMART Molecules technology to enhance performance. * Dynamic Series: Engine oil for diesel vehicles, developed to help clean engine components and protect the engine from heavy-duty operation. * Challenger Series: Engine oil for motorcycles, specifically the Challenger Synthetic 4T, developed with a special TRIPLE ACTION FORMULA, ideal for high-performance 4-stroke motorcycles. Additionally, PTT Lubricants is committed to being a leader in technology development to support the growth of electric vehicles (EVs) and align with innovations from automotive manufacturers. The company is also responding to consumer demands by launching new products such as EV DRIVE D1, a 100% synthetic gear oil, and EV COOLANT P, a coolant fluid for the electric vehicle market. These products are designed to efficiently support the sustainable growth of the new energy automotive industry, both in domestic and global markets. Hashtag: #PTT #PTTOilandRetailBusiness #OR #PTTLubricantsThe issuer is solely responsible for the content of this announcement.About PTT Oil and Retail Business Public Company Limited (OR)PTT Oil and Retail Business Public Company Limited (OR), a cornerstone of the PTT Group (BKK:PTT), champions a dynamic fusion of energy and retail to drive inclusive growth. OR is ardently committed to its revolutionary SDG framework—Small, Diversified, and Green. Embracing this ethos, OR uplifts communities, cultivates expansive business opportunities, and spearheads sustainability efforts with ambitious goals of achieving carbon neutrality by 2030 and net zero emissions by 2050. Through this dynamic framework, OR is setting new standards for sustainability and inclusivity in the industry. More Information https://pttlubricants.pttor.com/
LOS ANGELES, Nov. 27, 2024 /PRNewswire/ -- Appotronics, the inventor of the ALPD® laser display technology, recently participated in the Laser Illuminated Projector Association (LIPA) Annual General Meeting held in Los Angeles, United States. During the event, the company showcased its optics solutions designed for both the interior and exterior of vehicles, emphasizing their versatility in functions such as illumination, entertainment, and V2X (Vehicle to Everything) communication. Meng Han, senior director of Appotronics, addressed the attendees, which included laser illumination and display technology experts, market analysts, and trend observers. He emphasized that the automotive industry is undergoing a transformation from internal combustion engines to autonomous electric vehicles, creating ample opportunities for laser projectors. This shift typically results in more internal space for entertainment features, such as in-car theaters and laser display-enabled human-vehicle communication both inside and outside the vehicle. "We have done the study, finding many people like it, " said Han, citing the example of Appotronics' rollable giant laser display screen, which is equipped on the Seres AITO M9, a top-selling SUV priced above RMB 500,000 in China. The SUV has received over 170,000 orders since its debut late last year, indicating a strong market demand for such innovative features. Han further pointed out that more laser display technology will be applied within the cabin as a supplement to the current LCD panels, transforming the cabin into an immersive and comfortable third living space. "As for the long future, the future isn't more screens—or even screens at all." Han cited Alfonso Albaisa, Design Chief of Nissan, emphasizing that laser display offers numerous advantages, such as easy modeling, free-form surfaces, design flexibility, safety, and sustainability and can be utilized for projections inside the cabin, on the sunroof, side windows, or even on the windshield. Afterwards, Xin Yu, vice president of Appotronics, introduced the company's intelligent digital colorful laser headlight as an example of immersive exterior display. This innovative light is equipped on the newly-released Smart #5 vehicle, enabling car users to enjoy movies while camping. Yu announced that the product is currently available in China and will soon be launched in Europe and Australia. Yu also demonstrated the company's All-in-One laser headlamp, which fulfills multiple functions, including intelligent signaling displays (ISD), adaptive driving beam (ADB) systems, V2X communications, and entertainment. He revealed that the multi-functional headlamp will soon enter mass production and will be showcased at CES 2025, which is scheduled to be held in Las Vegas between January 7 and January 10. Other automotive optics solutions from Appotronics will also be displayed at the event. "So hopefully in the future, we have more friends together in this industry to make more interesting applications and build up more markets for laser innovation." Yu concluded, adding that he expects more "concepts" of laser technology to turn into "reality" in the automotive sector, just as laser technology has revolutionized the cinema industry. In addition to Appotronics' updates, representatives from Texas Instruments, Epson, Panasonic, Seibersdorf Labs, OMDIA, PMA Research, Nordisk Cinema, Nichia America Corporation, Barco, Oxford University, LUMAfestival.com, and RSL Fiber Systems also shared insights on current laser-related regulations, technological advancements, and future trends at the annual meeting.
HAI PHONG, VIETNAM - Media OutReach Newswire - 26 November 2024 - November 26, 2024, the President of the Republic of Bulgaria, H.E. Rumen Radev, along with a high-ranking Bulgarian delegation, visited the VinFast Hai Phong Manufacturing Complex. He expressed high regard for the quality and potential of VinFast's electric vehicles in the European market and urged VinFast to explore collaboration and investment opportunities in Bulgaria. Vice Chairman and CEO of Vingroup, Mr. Nguyễn Việt Quang (in grey) welcomed President of the Republic of Bulgaria, H.E. Rumen Radev (in navy) to the VinFast Factory in Hai Phong, Vietnam. Visiting the VinFast complex, Bulgarian President Rumen Radev expressed a deep sense of admiration. He congratulated VinFast on its remarkable success in becoming the number one automotive brand in Vietnam in such a short time, while noting that this achievement exemplifies Vietnam's extraordinary economic, scientific, and technological advancements over the past few decades. President Rumen Radev spent considerable time touring the body welding and electric vehicle assembly workshops at VinFast, gaining detailed insights into the production processes. He highly praised the quality and potential of VinFast's electric vehicles in the European market, highlighting Bulgaria's strengths in research, production, and development of components, sensors, and intelligent operating systems for electric vehicles. He noted that Bulgaria has been part of the supply chain for numerous European, American, and Japanese car manufacturers for many years. President of the Republic of Bulgaria, H.E. Rumen Radev was invited to experience VinFast’s state-of-the-art automotive manufacturing complex. As a result, the President extended an invitation to VinFast to explore potential collaborations and investments in Bulgaria, such as selling cars in the Bulgarian market, manufacturing components, producing vehicles, or co-developing software for electric cars that meet European standards and regulations. During the visit, Vice Chairman and CEO of Vingroup, Mr. Nguyễn Việt Quang, emphasized VinFast's strong push towards global expansion, aiming to popularize electric vehicles and promote green mobility worldwide. He said that VinFast will seriously study and explore opportunities for cooperation and investment in Bulgaria as suggested by the President. President Rumen Radev's visit to the VinFast factory reaffirms the company's stature and its pivotal role in advancing the green industry and sustainable transportation trends on a global scale. VinFast is increasingly seen by countries worldwide as a symbol of inspiration and growth for Vietnam's automotive industry. The VinFast automotive manufacturing complex has become one of the preferred stops for many heads of state visiting and working in Vietnam. Hashtag: #VinFastThe issuer is solely responsible for the content of this announcement.
BEIJING, Nov. 26, 2024 /PRNewswire/ -- A news report by China.org.cn on China-Latin America relationship:  Not defined by distance: New vitality in the China-Latin America relationship In English, people use "from China to Peru" to refer to "from one corner of the world to another". Now, China and Peru have become close neighbors despite the distance. With Chinese President Xi Jinping's recent visit to Latin America, the growing passion for China and Latin America in respective regions that came in its wake has brought highlights to the China-Latin America relationship. Speed is a primary feature of the close relationship between China and Latin America. Two weeks ago, the Chancay Mega-port, an important fruit of Belt and Road cooperation, started its operations in the nightfall. Thanks to this expressway on the sea, blueberries, grapes and avocados from Peru can arrive in Shanghai, China in just 25 days, 10 days faster than in the past. In recent years, China has been the fastest-growing importer of Peru's goods. From 2000 to 2022, trade in goods between the two countries increased 35-fold. In the first three quarters of 2024, the goods trade volume has reached 427.4 billion USD, and the total volume for the year is estimated to exceed 500 billion. During President Xi's visit in Peru, the two countries signed a Belt and Road cooperation plan, bringing the number of Latin America signatories to the plan to seven, including Argentina, Chile, and Uruguay. All of these bear proof to the leading scale, depth and speed of China-Latin America cooperation. The China-Latin America relationship has been evolving with innovation. China and Latin American countries are far, far away from each other, but nowadays, people from either side can click on their screens, place an order, and buy themselves premium products from the other continent. Coffee from Colombia and Yerba Mate from Argentina have become popular products for Chinese consumers. In February, 2023, an e-commerce air cargo route between Xiamen and Sao Paulo was opened, via which over 10 million parcels have been sent from China to Latin America to date. Apparel and small items have been welcomed by Latin American customers. In recent years, building the digital Belt and Road was proposed by China and Latin American countries, which seeks to overcome the challenges brought by distance through digital technologies, and achieve collaboration beyond geographical limitations. The e-commerce cooperation between China and Latin America is a vivid flagship of the digital Belt and Road. The newest feature of China-Latin America cooperation is "green". Latin American countries lend pivotal status to environmental protection and sustainable development. Take Brazil as an example, it is the country with the most environmental protection laws and regulations in the world, exceeding 20,000 items. It is also the first country in the world to include comprehensive environmental protection in its constitution. While China, with its cutting-edge technologies in its "new-trio", namely electric vehicles, lithium batteries and photovoltaic products, echoes with the green development strategies pursued by the Latin American countries. Thus, they have achieved fruitful results in this regard: China's electric vehicle manufacturer giant BYD has invested to set up a factory in Brazil; battery manufacturing company CATL has carried out green development of lithium resources in Bolivia; China's photovoltaic industries have been widely welcomed by Latin American countries… Cooperation between the two in both traditional and green industries is blooming. Geographical distance will not confine China-Latin America collaboration. Empowered by technology, green and sustainable development, and innovation, the cooperation will enter the "fast lane", and the sound friendship will generate more vitality. China Mosaic http://chinamosaic.china.com.cn/index.htm Not defined by distance: New vitality in the China-Latin America relationship http://www.china.org.cn/video/2024-11/26/content_117570242.htm
TAIPEI, Nov. 26, 2024 /PRNewswire/ -- According to the news report from the technology-focused media DIGITIMES Asia, India's electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year drop in passenger EV sales in September 2024, marking the lowest point in 19 months. Maxson Lewis, founder and MD, Magenta Mobility. Credit: Magenta. In contrast, electric three-wheeler cargo vehicles are gaining traction, with 45% of sales in the segment being electric last month and forecasts to exceed 50% soon, according to Maxson Lewis, founder and MD of Magenta Mobility. "The real adoption of EVs is happening on the cargo side," Lewis said, emphasizing the segment's potential to drive India's electrification. This shift underscores how logistics-focused EVs are leading the country's sustainable mobility efforts despite challenges in the passenger market. He attributed this trend to a combination of favorable government policies, improved battery technology, and the declining total cost of ownership (TCO) for electric cargo vehicles. Addressing charging infrastructure challenges A robust charging infrastructure has been a critical factor in the adoption of EVs, but challenges remain. According to Lewis, India's highway network is already well-equipped with charging stations, averaging one every 100 kilometers. However, the focus has shifted from availability to reliability. "The issue is not the presence of chargers but whether they are functional - downtime is a concern," Lewis explained. He emphasized the need for better charger maintenance and management, predicting the emergence of third-party service providers specializing in charger upkeep. For Magenta Mobility, charging infrastructure is less of a challenge due to its strategy of setting up charging hubs near client locations. "We build our charging hubs months in advance, ensuring seamless operations for our fleet," Lewis said, adding that this approach minimizes reliance on public networks. Magenta's market share Magenta Mobility has cemented its position as India's largest electric cargo fleet operator, with over 2,500 electric vehicles across 18 cities. The company serves a diverse range of clients, including e-commerce firms and traditional industries such as automotive components, lubricants, and consumer goods. "We transport everything from lubricant oil and mattresses to food items and television sets," Lewis said, highlighting the versatility of the fleet. The company's customer satisfaction score of 96.6% reflects its strong commitment to quality and service, Lewis added. Magenta has also been expanding its fleet to include four-wheelers, broadening its capabilities to handle mid-mile logistics in addition to last-mile deliveries. "This shift opens new opportunities for clients and diversifies our revenue streams," Lewis explained. Challenges and opportunities Despite its success, the commercial EV sector faces hurdles. One of the primary challenges is the availability of high-quality vehicles. While three-wheeler options have improved significantly, the market still lacks adequate four-wheeler models for commercial use. Another challenge is financing. "Access to financing has improved, but the cost of capital for EVs remains higher than for conventional vehicles," Lewis noted. Driver availability is another issue. Magenta addresses this by offering timely salaries, welfare schemes, and insurance to attract and retain skilled drivers. "Quality, safety, and integrity are non-negotiables for us," Lewis emphasized. The role of government policies Government subsidies have played a significant role in supporting EV adoption in India. Lewis expressed confidence in the government's continued commitment to the EV ecosystem, citing its focus on the commercial segment through the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. "The government has learned from global leaders like China and understands the need to invest in EVs for long-term sustainability," Lewis said. He also advocated for directing subsidies toward vehicles rather than charging infrastructure, arguing that this approach would maximize efficiency. Looking ahead Magenta Mobility has ambitious plans for growth, including expanding its operations to additional Indian cities and exploring international markets. While the logistics business will remain India-focused, the company's tech platform, which includes state-of-charge monitoring and battery health analytics, is designed for global scalability. "Southeast Asia is lagging in EV adoption but has shown strong interest in our technology," Lewis said. He identified the Middle East and Southeast Asia as key regions for future expansion. As the largest commercial EV operator in India, Magenta Mobility's primary competition now comes from traditional logistics providers rather than other EV players. "Our ambition is to become the largest logistics provider, not just the largest EV operator," Lewis remarked. While the likes of hydrogen-based transportation may eventually challenge EVs, Lewis believes it is still a decade away from significant adoption. In the meantime, Magenta Mobility remains focused on its core mission: driving the adoption of sustainable and efficient logistics solutions.
A12 藝術空間
Electric Vehicles
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