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LG Energy Solution to supply battery modules from its Poland facility for Ford's commercial vans in the UK and EU markets SEOUL, South Korea, Oct. 15, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced it signed supply agreements with Ford Motor Company ("Ford") to power the electrified models of Ford commercial vans in Europe. Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of batteries to Ford for its electric commercial vans, starting in 2026 with contract duration ranging from four to six years. The two companies also agreed that batteries for the current Ford Mustang Mach-E will be produced at LG Energy Solution's Michigan facility in 2025, instead of Poland, to enhance business efficiency and capitalize on competitive market conditions, such as the IRA tax credits. "These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments," said David Kim, CEO of LG Energy Solution. "Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs." About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
The series, now viewable on YouTube, presents global cities' innovative solutions to tackle environmental challenges Riding on IONIQ EV lineup, the journey explores London's urban green areas, Frankfurt's sustainable city planning, Jakarta's plastic recycling programs, and LA's transition to renewable energy Hyundai Motor contributes to these initiatives through global sustainability programs with its vision of 'Progress for Humanity' SEOUL, South Korea , Oct. 15, 2024 /PRNewswire/ -- Hyundai Motor Company is proud to announce the launch of its original digital series, 'Cities in Motion'. The series highlights the innovative solutions that various cities are implementing to tackle urban environmental challenges and promote sustainability. Watch the series on the Hyundai Worldwide YouTube channel at: Ep 1. London, Ep 2. Frankfurt, Ep 3. Jakarta, and Ep 4. LA. The LA episode explores the city's transition to sustainable energy, riding on Hyundai IONIQ 5 London is expanding urban green areas engaging children in tree planting 'Cities in Motion' underscores how urban areas, despite occupying only 2 percent of the earth's surface, are responsible for 70 percent of greenhouse gas emissions, 80 percent of energy consumption, 75 percent of natural resource use, and over half of the world's waste.[1] In response to these alarming statistics, Hyundai Motor asked, "How can cities become more sustainable?" Hyundai Motor, in collaboration with sustainability broadcaster James Stewart and Voice for Nature, established by David de Rothschild, set out on an enlightening journey. Driving Hyundai IONIQ 5 and IONIQ 6 electric vehicles (EVs), they visited the diverse cities of London, Frankfurt, Jakarta, and Los Angeles (LA). "We are proud to spotlight global environmental initiatives and demonstrate Hyundai Motor's commitment to a sustainable future for both humans and the planet," said Sungwon Jee, Senior Vice President and Global Chief Marketing Officer of Hyundai Motor Company. "This series represents our pursuit of innovative solutions to urban challenges, underscoring the role of sustainable mobility in creating a positive, lasting impact on our world." The 'Cities in Motion' series provides an insightful and inspiring look into cities' sustainable transformation and the potential for these initiatives to be implemented on a global scale. Hyundai Motor is committed to promoting sustainability around the globe in line with its vision of 'Progress for Humanity'. For more information, please visit: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai [1] Issues Brief on Cities and Nature, International Union for Conservation of Nature and Natural Resources (IUCN)
SHANGHAI, Oct. 14, 2024 /PRNewswire/ -- The 2nd Southeast Asia-China New Energy Vehicle Industry Conference was held on September 26-27 in Bangkok, bringing together government representatives, industry experts, and business leaders from China, ASEAN, and beyond. Key topics included electric vehicles (EVs), battery technology, smart manufacturing, and charging infrastructure. Wallace Bie, Comau Head of Marketing APAC, delivered a keynote on "Comau End-to-End Smart Manufacturing Solutions for New Energy Vehicles", showcasing the company's innovative contributions and global strategies in the sector. Comau Body Assembly As ASEAN's largest automotive manufacturer and exporter, Thailand is rapidly transitioning from internal combustion engine vehicles to electric vehicles (EVs). This shift underscores the future direction of the automotive industry and the growing demand for EV technology and infrastructure. Investments from Chinese OEMs are strengthening the EV supply chain and fostering collaboration between China and Thailand. In 2023, Thailand produced 1.84 million vehicles and exported over 1.1 million (sources: CEIC, Marklines), solidifying its role in global automotive manufacturing and laying a strong foundation for EV industry growth. In this evolving market, Comau has established a competitive edge in EV manufacturing through advanced automation technologies and engineering expertise, allowing for quick adaptation to Southeast Asia's changing needs. Over the past five years, Comau China has delivered more than 20 large-scale projects across 12 countries, reflecting the company's global reach and execution strength. Its innovative solutions are pivotal in driving technological advancements and enhancing efficiency in EV manufacturing, aligning seamlessly with the increasing adoption of EVs in the ASEAN region. Comau's expertise spans key processes, including body assembly, electric drive systems, and battery manufacturing. Its advanced technologies, such as OpenGate and ComauFlex, provide modular and automated production lines for flexible manufacturing. In electric drive systems, Comau excels in stator and rotor assembly, motor assembly, and end-of-line (EOL) testing, ensuring comprehensive technical optimization. In battery manufacturing, Comau has integrated proprietary technologies like laser welding and advanced vision systems to develop automated systems for producing cells, modules, and battery packs with exceptional efficiency. Comau's 360° portfolio addresses all stages of battery manufacturing, from prototyping to recycling, ensuring seamless operations. Committed to innovation and quality, Comau tailors technical solutions for the ASEAN market and collaborates with key partners to support the growth of the region's EV industry while promoting sustainable development and carbon reduction efforts globally. For more information, visit Comau
HANOI, VIETNAM - Media OutReach Newswire - 12 October 2024 - Vingroup is leading Vietnam's green transition with VinFast, its electric vehicle company, and a range of eco-friendly initiatives across its diverse businesses. This commitment to sustainability positions Vingroup as a key driver in the race towards a greener future for the nation. The green transformation has become one of the defining challenges of our time. Countries around the globe are pushing toward the shared goal of zero emissions, or net zero, by 2050, but this race demands a whole-of-society approach that involves both the public and private sectors. Within this context, large enterprises stand out as critical players, shaping a sustainable future through their influence and actions. In Vietnam, one corporation is at the forefront of this green transition: Vingroup. With its expansive presence across multiple industries, Vingroup exemplifies corporate environmental responsibility, driven not by hollow promises but by concrete actions. Its efforts serve as a powerful example of the role corporations must play in advancing the green agenda. Vingroup's Green Commitment: A Comprehensive Approach Vingroup is no stranger to the opportunities and challenges presented by green transformation. Its diversified business ecosystem spans key sectors such as automotive, real estate, and tourism—industries that typically carry a significant environmental impact. However, Vingroup has not merely adjusted its operations for compliance; instead, it has embedded sustainability deeply into its corporate DNA. This commitment to green transformation is visible across nearly every aspect of the Vingroup empire. One of the clearest examples of Vingroup's leadership in Vietnam's green transition is VinFast, its electric vehicle (EV) division. Initially launched in 2017 as a conventional gasoline vehicle manufacturer, VinFast pivoted in 2021 to focus exclusively on electric vehicles. The decision to embrace electric vehicles was not simply a financial move. Vingroup's chairman and VinFast founder, Pham Nhat Vuong, once revealed the deeper motivation behind this change: "[We created VinFast] because we feel the need to contribute to society, not just to do business." Staying true to this vision, VinFast quickly developed seven fully electric vehicle models, along with e-buses, e-scooters, and e-bicycles. The company has expanded its reach into international markets, while also building an extensive charging network across Vietnam to accommodate its growing customer base. In 2023 alone, VinFast delivered 34,855 electric vehicles, contributing to a reduction of 152,000 tonnes of CO2 emissions. VinFast's rapid success is no accident—it reflects Vingroup's strategic ability to integrate its larger business ecosystem into the EV market. By offering incentives such as free charging, discounted parking, and significant price reductions for VinFast EV owners at Vingroup properties or using their services, the corporation has made going green truly beneficial for consumers. Just this week, VinFast reached a new milestone by becoming the top-selling car brand in Vietnam for September. This also marks the first time an electric vehicle brand has led the Vietnamese market, representing a significant advancement for both the domestic automotive industry and the country's journey toward greener transportation. Green Efforts Across Vingroup's Ecosystem VinFast is far from the only part of the Vingroup conglomerate making significant strides toward sustainability. Other subsidiaries within the "Vin" ecosystem are also working to reduce their environmental impact and promote sustainable living. For instance, Vinhomes, Vingroup's real estate arm, has made substantial efforts to foster green urban living. Vinhomes' eco-friendly properties are designed with sustainability at their core, featuring energy-efficient technologies and green spaces that create a harmonious balance between urban development and nature. Likewise, Vinpearl, Vingroup's hospitality and entertainment brand, has fully embraced its role in promoting sustainability. With 45 properties spread across 17 provinces, Vinpearl has implemented a range of energy-efficient measures, such as rainwater harvesting systems for irrigation and advanced wastewater treatment solutions that meet international standards. These efforts have earned Vinpearl a reputation as a collection of "green paradises," recognized by guests and local communities alike. And there are many more examples, all of which yield real-world results. In 2023 alone, Vingroup's total carbon emissions reduction across its ecosystem neared 500,000 tonnes[1], underscoring the company's commitment to environmental, social, and governance (ESG) principles. But while Vingroup's contributions to Vietnam's green transition are undeniably impressive, they serve a broader purpose: inspiring collective action. Achieving net zero emissions is a monumental task that no corporation, government, or individual can accomplish alone. The journey toward a sustainable future demands active participation from all—individuals, communities, and multinational corporations alike. Vingroup's leadership in green initiatives stands as a powerful reminder of the positive changes we can create when we truly commit our efforts to a greener, more sustainable world. [1] https://ircdn.vingroup.net/storage/Uploads/0_Bao%20cao%20thuong%20nien/2023/Final/ENG_Vingroup%20AR23.pdf Hashtag: #Vingroup #VinFasthttps://vingroup.net/enThe issuer is solely responsible for the content of this announcement.
SHENZHEN, China, Oct. 11, 2024 /PRNewswire/ -- INMOTION, a global leader in intelligent short-distance transportation, is excited to announce its participation in the upcoming Global Sources Electronics Components Exhibition in Hong Kong, from October 11 to 14, 2024. INMOTION Gears Up to Unveil Newest Electric Mobility Solutions at Global Sources Electronics Components Exhibition 2024 INMOTION, known for developing innovative electric vehicles for personal transportation, oversees the entire process from R&D to manufacturing and marketing. With a strong focus on delivering eco-friendly, affordable, and reliable mobility solutions, the company has become a frontrunner in the e-mobility industry. The E20 electric scooter, designed for superior commuting convenience, will take center stage at the exhibition. It is designed as a dual-wheel electric vehicle, offering a unique blend of stability, power, and style. Its dual-wheel configuration ensures enhanced balance and control. What makes it unique is its two riding modes, allowing riders to switch between standing and seated positions, making it a versatile option for various commuting needs. In addition to the E20, INMOTION will showcase other upgraded products, including the V11Y, V12Pro, V13Pro, and a new children's electric scooter C8. Visitors to INMOTION's booth, located at S11T20, will have the chance to experience sleek designs, advanced battery systems, and cutting-edge safety features that set these products apart from the competition. "We're eager to participate in the Global Sources Exhibition and showcase our latest electric transportation solutions," said Yu Wang, CEO of INMOTION. "Our mission is to make sustainable mobility more accessible and enhance the riding experience for people of all ages. This event allows us to connect with our customers and partners, share our latest innovations, and continue shaping the future of e-mobility." With their continuous innovation and dedication to sustainable urban transportation, INMOTION is sure to be a standout at this year's Global Sources Electronics Components Exhibition. For more information, please visit www.inmotionworld.com or follow INMOTION on social media. About INMOTION Founded in 2012, INMOTION is a high-tech company specializing in the R&D, manufacturing, and marketing of sensor-controlled vehicles for personal transportation. With a product portfolio that includes electric unicycles, electric scooters, e-bikes, and hoverboards, INMOTION remains at the forefront of revolutionizing urban mobility for riders of all ages.
CHONGQING, China, Oct. 9, 2024 /PRNewswire/ -- Hongqi Auto recently participated in the Automotive New Quality Productive Force Development Forum, showcasing its achievements in the brand exhibition area. As a premium automotive brand under FAW Group ("FAW"), Hongqi is dedicated to delivering exceptional products and services that meet the growing consumer demand for superior lifestyles and delightful travel experiences. The four vehicles displayed at the forum—Hongqi EH7, Hongqi HS7 PHEV, Hongqi HS3 PHEV, and Hongqi HQ9 PHEV—highlight the brand's latest technological advancements and design innovations. "In 2021, FAW embarked on a digital and intelligent transformation strategy. Our journey towards this transformation is anchored in overhauling our core business," said Men Xin, Vice President of FAW Hongqi Brand Operation Committee and General Manager of the System Digitalization Department. The next phase of the transformation focuses on developing an AI-powered large model application that covers research, production, supply, sales, and service, aiming for complete business restructuring. This initiative is expected to enhance employee skills, evolve the brand's business model, and significantly improve corporate efficiency. FAW Hongqi's wholesale sales surpassed 201,500 units in the first half of 2024, a 42.6% year-on-year growth. Retail sales rose to 190,900 units, up 25% over the same period. Additionally, Hongqi's sales of electric vehicles (EVs) in 2023 exceeded 85,000 units, a remarkable 135% year-on-year increase.
A12 藝術空間
Electric vehicles
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