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DALIAN, China, March 3, 2025 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced its participation in the following investor conference - Jefferies 6th Asia Forum ("Jefferies Forum" or the "Conference") in Hong Kong. On Tuesday, March 18, 2025 at 4:00 PM Beijing/Hong Kong Time (3:00 AM U.S. Eastern Time on Tuesday, March 18, 2025), CBAK Energy management will host a group meeting at the Jefferies Forum. The Company will provide a comprehensive overview of corporate strategy and industry outlook, and will engage in a Q&A session at the end. For investors who wish to speak with the management, please contact the even team of Jefferies at Jefferies_Asia_Events@jefferies.com or the IR team of CBAK Energy at ir@cbak.com.cn. About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian and Nanjing, as well as a large-scale R&D and production base in Dalian. For more information, please visit www.ir.cbak.com.cn. Safe Harbor Statement This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of CBAK Energy Technology, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ materially. These factors include but are not limited to: the ability of the Company to meet its contract or agreement obligations; the uncertain market for the Company's lithium battery cells; business, macroeconomic, technological, regulatory, or other factors affecting the profitability of battery cells designed for energy storage; and risks related to CBAK Energy's business and risks related to operating in China. Please refer to CBAK Energy's most recent Annual Report on Form 10-K, as well as other SEC reports that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. CBAK Energy's actual results could differ materially from those contained in the forward-looking statements. CBAK Energy undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless expressly requested by applicable law. For investor and media inquiries, please contact: In China: CBAK Energy Technology, Inc.Investor Relations DepartmentEmail: ir@cbak.com.cn
NEW YORK, March 3, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced its selection as the exclusive provider for the Visa Concierge Car Service Project, establishing a pivotal partnership with global payments leader Visa. This strategic alliance positions SunCar to deliver premium airport and high-speed rail transfer services to Industrial and Commercial Bank of China's (ICBC) high-net-worth cardholders nationwide, opening significant new revenue channels in China's lucrative premium services market. This partnership represents a substantial expansion of SunCar's addressable market, providing direct access to ICBC's coveted Platinum and Black Gold cardholders—an elite customer segment with individual assets exceeding $1.1 million and credit card spending limits above $275,000. "Securing this partnership with Visa, following their rigorous vendor evaluation process, validates our technology platform's superiority and service excellence," said Ye Zaichang, CEO of SunCar. "This high-profile collaboration enhances our market position with minimal additional capital expenditure, accelerating our path to increased shareholder value." The exclusive partnership leverages SunCar's established nationwide service network and proprietary cloud-based technology platform, allowing for rapid scaling with limited incremental costs. The company's advanced AI-powered dispatch system ensures optimal resource allocation, maintaining premium service levels while maximizing operational efficiency across China's first-tier and emerging city markets. China's premium services market continues to expand alongside the country's growing high-net-worth population, presenting substantial growth opportunities for well-positioned service providers. 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 contains 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.comLegal: Ms. Li ChenEmail: chenli@suncartech.com U.S. Investor RelationsMatthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
LISHUI, China, March 3, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") announced today that on February 28, 2025, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. About Tantech Holdings Ltd For the past decade, Tantech has been a highly specialized high-tech enterprise producing, researching and developing bamboo charcoal-based products with an established domestic and international sales and distribution network. Since 2017, when the Company acquired 70% of Shangchi Automobile, a vehicle manufacturer based in Zhangjiagang City, Jiangsu Province, it has manufactured and sold vehicles. The Company established two new subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile Co., Ltd., in November 2020, to produce and sell street sweepers and other electric vehicles. 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
BANGKOK, March 3, 2025 /PRNewswire/ -- Thailand's leading industrial real estate developers – Frasers Property (Thailand) Public Company Limited, Rojana Industrial Park Public Company Limited, and Asia Industrial Estate Company Limited – are pioneering Thailand's first Industrial-Tech Ecosystem through their joint venture, ARAYA Land Development Company Limited. Leading developers in Thailand - Frasers Property, Rojana Industrial and Asia Industrial Estate - Team Up to Unveil ARAYA – The Eastern Gateway, Thailand’s First Industrial-Tech Ecosystem Spanning more than 4,600 rai (~740 hectares), the joint venture's first project, ARAYA – The Eastern Gateway, is a comprehensive development featuring an industrial technology campus, logistics park, ARAYA Industrial Estate, a vibrant lifestyle and amenities zone, community services centre, and diverse residential options. Strategically located at Kilometre 32 on Bang Na-Trat Road on the outskirts of Bangkok, it has excellent connectivity to the Bangkok-Chonburi Motorway, Suvarnabhumi Airport, the Eastern Economic Corridor (EEC), and Laem Chabang Port. Positioned as a prime destination for leading companies across various sectors and is poised to contribute to driving sustainable economic growth in Thailand. Ms. Kamonkarn Kongkathong, Managing Director of ARAYA Land Development Company Limited, stated, "ARAYA – The Eastern Gateway is more than just a development, it represents a cohesive and interconnected Industrial-Tech Ecosystem. We are pioneering an integrated approach to foster industrial innovation, advanced manufacturing and logistics like never before in Thailand. Our commitment is to support our customers' success while enhancing quality of life through world-class amenities and infrastructure. We aim to reinforce Thailand's status as a reliable investment hub and attract foreign direct investment (FDI) to stimulate the country's economy." This project presents a prime opportunity to leverage Thailand's evolving industrial landscape thanks to strategic government initiatives to attract investment coupled with rapid infrastructure development in the EEC. Furthermore, evolving global dynamics are driving companies to diversify their manufacturing base from traditional hubs, with Thailand emerging as a preferred destination, resulting in increased FDI and new S-curve industries, particularly EVs, semiconductors, and e-commerce. Ms. Kamonkarn further shared, "ARAYA symbolises civilisation and prosperity, highlighting the project's role as a catalyst for innovation and business growth. The Eastern Gateway denotes its strategic location, linking it to Eastern Thailand and the EEC, which is poised to become the country's primary economic and industrial zone". "We are confident that the combined strengths of our investment, expertise, experience, and customer networks from the three developers will drive the project's success. There is already significant customer interest, and we are engaged in discussions with customers across various industries, including semiconductors, electronics, electric vehicles (EV), pharmaceuticals, logistics, and data centres, while we continue to welcome clients from emerging sectors," Ms. Kamonkarn concluded. About ARAYA – The Eastern Gateway: ARAYA – The Eastern Gateway is designed as an ecosystem to enhance production, transportation, logistics, and economic value creation. The project prioritises productivity, quality of life, and well-being for all its residents, with six key elements underpinning this approach: Industrial Tech Campus: Designed for major industrial firms and companies specialising in advanced manufacturing, innovation, research and development, and data centres, this zone features modern amenities and cutting-edge infrastructure to support the growth of future-focused industries. Logistics Park: This zone caters to logistics businesses, warehousing, and distribution centres thanks to its strategic location for efficient domestic and international transportation. ARAYA Industrial Estate: This area is designated for large-scale industrial facilities, especially for sectors that align with Thailand's target growth industries. Managed by the Industrial Estate Authority of Thailand (IEAT), businesses in this zone benefit from various government tax incentives and investment privileges. Lifestyle & Amenities: A vibrant lifestyle amenities, retail options, and convenient services foster a vibrant and thriving community. Community Services Centre: A central hub offering community services and support to project customers, along with amenities such as parks, jogging tracks, and a futsal field. Residential: Residential areas are planned for the development, with the aim of providing residents with a holistic Work-Live-Play lifestyle. Find out more about Thailand's First Industrial-Tech Ecosystem, ARAYA – The Eastern Gateway at https://www.araya-easterngateway.com/ or call +66 62 595 2946 About ARAYA - The Eastern Gateway ARAYA - The Eastern Gateway is a collaboration among three of Thailand's leading industrial real estate companies including Frasers Property (Thailand) Public Company Limited, Rojana Industrial Park Public Company Limited, and Asia Industrial Estate Company Limited. The project aims to provide a fully integrated ecosystem for industry and innovation, blending industrial spaces with urban amenities and world-class infrastructure to seamlessly connect work and life. ARAYA is poised to drive sustainable business growth for its clients and contribute to the advancement of Thailand's economy.
Adds Singapore Electric Vehicle Center of Excellence to its network in the region, covering every segment in the electric vehicles supply chain Customized solutions in more than 10 countries across Asia Pacific Safety and compliance at the core of solution design to cater to rising demand as Asia drives the electric vehicles sector forward SINGAPORE - Media OutReach Newswire - 3 March 2025 - DHL Group (DHL), the world's leading logistics company, is enhancing its end-to-end EV logistics and supply chain solutions for the Asia Pacific market, with the opening of three Electric Vehicle (EV) Centers of Excellence (COEs) within the region in 2024. These COEs build on DHL's offering of customized solutions covering capital equipment for new EV-related factories, inbound-to-manufacturing (I2M), finished vehicles and aftermarket logistics in the region. DHL supports the electric vehicle sector growth in Asia Pacific "Over the next five years, Asia is expected to account for 63% of the new 115 million EVs sold worldwide.[1] A robust and compliant logistics supply chain ecosystem is needed to support this growing demand, and our EV Centers of Excellence in Shanghai, Singapore, and Indonesia serve as hubs of competencies and resources for the growing EV industry across the Asia Pacific , " said Fathi Tlatli, Global Auto-Mobility Sector President, DHL Customer Solutions and Innovation. EV COEs to provide a network of expertise in Asia An EV COE is a center of knowledge and know-how, showcasing existing EV logistics expertise, capability, and resources and demonstrating DHL Group's commitment to further enhance its EV offerings. These centers cover a wide range of solutions, offering modular and integrated end-to-end logistics across the EV supply chain. The three EV COEs in China, Singapore and Indonesia are connected to a global network of COEs in 10 countries including Italy, United Kingdom, Mexico and the United Arab of Emirates. "When people think of EVs, it is often associated with the finished vehicle itself. However, there is an entire complex ecosystem behind the EV value chain, which is crucial in orchestrating the process. That is our advantage as DHL Group, as we can offer customized solutions for every segment utilizing our expertise and our extensive global network," said Audrey Gerard, Vice President of Auto-Mobility, Asia Pacific, DHL Customer Solutions and Innovation. EV COEs will also be established in other countries with an existing EV footprint and expertise, such as India, Japan, Malaysia and Thailand. DHL Group will continue focusing on the EV sector, with the New Energy sector identified as a key growth area in its Strategy 2030. As the sector matures, there is an increasing need to repurpose end-of-life EV parts and batteries or recycle them for raw materials. "This segment will require complex logistics support, which we are exploring in the region leveraging solutions implemented in Europe and the Middle East networks as well as a market-leading cross-border road freight network in the ASEAN region," said Tlatli. Customized EV Solutions on showcase at the new EV COEs Capital equipment and battery materials for gigafactories For companies expanding their mining of EV battery minerals and battery manufacturing operations globally, DHL Group offers the management of the entire process, from capital equipment logistics to the supply of battery materials such as electrolytes and processed minerals. Inbound to manufacturing (I2M) for EV assembly plant Today, DHL is the preferred partner for the door-to-door storage and transportation of EV batteries and parts for multiple global vehicle manufacturers. Control towers oversee these solutions, managing the suppliers and tracking end-to-end temperature, humidity, and geolocalization data to ensure safety and performance. At the assembly plant, DHL supports in-plant logistics solutions, such as processing the arrival of material from vendors, storing, picking, and kitting. Air transport of smaller battery cells, modules, and critical components for urgent shipments is offered to prevent disruptions. Finished EVs DHL's network of specialists has worked on electric vehicle-in-container solutions for mass market distribution, and air freight services for prototypes and critical vehicle shipments. Across 2024, DHL delivered soon-to-be-launched vehicle prototypes from China to Europe, including customized boxes, dangerous goods (DG) checks, and the management of export clearance. At the destination, additional finished vehicle services for pre-delivery inspection and yard management have been implemented in several geographies. EV aftermarket DHL establishes and manages EV aftermarket networks for various Western and Asian OEMs, including regional and local part distribution centers in key Asia Pacific markets, such as India, Indonesia, Japan, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It has developed EV parts and battery-specific solutions, such as shared storage facilities, to cover requirements from compliance, import, storage, and time-definite deliveries to dealerships. [1] Asia to lead global EV growth - Economist Intelligence Unit Hashtag: #DHL #electricvehicles #supplychain #logisticshttps://group.dhl.com/en.htmlhttps://www.linkedin.com/company/dhlThe issuer is solely responsible for the content of this announcement.DHL – The logistics company for the worldDHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
HANOI, VIETNAM - Media OutReach Newswire - 28 February 2025 - VinFast and Motech Automotive Service Centers, through its franchisor and operator in the Philippines, officially signed a Memorandum of Understanding (MOU) on expanding the service network for VinFast electric vehicles in the market. The agreement aims to meet the increasing demand for electric vehicles among Filipino consumers, while affirming VinFast's long-term commitment and determination to promote green transformation across the region. VinFast Philippines Director of After-Sales Service, Margarita Olivia Cuena Delfinado (left) and Motech Automotive Philippines President and CEO, Johann Rommel Naguiat at the MOU signing ceremony. Under the MOU, VinFast and Motech will actively work together toward the goal of accrediting 63 Motech service workshops as authorized VinFast service centers. These service centers will be authorized to perform repairs, warranties, and maintenance for VinFast electric vehicles in the Philippines. As part of its commitment to enhancing customer experience, VinFast plans to establish more than 100 similar service workshops across the Philippines this year, and its recent agreement with Motech is part of the Vietnamese electric vehicle maker's plan to expand its partner network in the Philippines. Motech's service workshops will meet VinFast's standards for facilities, equipment, and personnel, with a priority on providing genuine services and parts to VinFast owners. To facilitate the rapid expansion of Motech's authorized VinFast service workshop system, VinFast will provide personnel training and technical advice. This support is especially important given the expected volume growth of VinFast electric vehicles in the Philippines. Motech currently operates a chain of auto service centers with a variety of models and scales, encompassing hundreds of facilities throughout the Philippines, including locations from the tip of the Philippine archipelago in Tuguegarao, to the main cities of Metro Manila, and down south to the island of Mindanao. Furthermore, the two parties will actively explore business cooperation opportunities, information sharing, and joint marketing activities related to electric vehicle after-sales services in Southeast Asia. Johann Rommel Naguiat, President and CEO of Motech Automotive Philippines shared: "Motech is thrilled to partner with VinFast as an authorized service provider for their electric vehicles in the Philippines. Confident in VinFast's potential within Southeast Asian market, Motech looks forward to this collaboration to support the growing EV market and to continue to deliver exceptional customer experience. Further, this partnership between VinFast and Motech, a first of its kind in the Philippines, helps the Philippine market embrace the change to greener mobility, by answering the issue of not only range anxiety, but that of the issue of service anxiety as well. With Motech's network of stores and the reputation it has built in its communities, VinFast customers can drive with confidence, that their VinFast vehicle will be well cared for, anywhere at anytime." Mr. Pham Sanh Chau, CEO of VinFast Asia, said: "Leveraging Motech's strong reputation, experience, and extensive service network, we aim to provide Filipino customers with peace of mind and satisfaction, aligning with VinFast's core principles of high quality vehicles, inclusive pricing, and outstanding after-sales policy. We are confident this partnership will simplify EV ownership and usage, empowering customers to join the global movement towards green transportation." Since officially entering the Philippine market in 2024, alongside launching its green and smart car models, VinFast has strongly affirmed its long-term commitment through attractive sales policies and a continuously expanding after-sales network. By partnering with leading, reputable after-sales service providers, VinFast has not only optimized its Philippine operations but also strengthened its brand recognition, demonstrating its "Customer-centric" philosophy throughout its global expansion. In Southeast Asia, VinFast is actively pursuing its "For a Green Future" vision by developing a comprehensive and inclusive electric vehicle ecosystem, focusing on expanding the network of charging stations through collaborative efforts. This vision has achieved significant success in Vietnam and is expected to continue growing in other potential markets./.Hashtag: #vinfasthttps://vinfastauto.id/enThe issuer is solely responsible for the content of this announcement.About VinFastVinFast – a subsidiary of Vingroup JSC – is Vietnam's leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures a portfolio of electric SUVs, e-scooters and e-buses in Vietnam and exports to the United States and Europe. Learn more at https://vinfastauto.ph/About MotechMotech Philippines, founded in 1977, is an after-warranty car service shop that started in Angeles City, Pampanga, Philippines. With education and service as its main thrust, Motech continues to train and produce top line mechanics, who are not only trained technically, but also places a high priority for excellence in customer service. Today, Motech has 63 outlets in key areas nationwide, with a database of over 300,000 and counting. Motech offers standard car repair services such as: Maintenance, Brakes, Suspension, Clutch, Batteries, and Tires Services.
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Electric vehicles
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