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SHANGHAI, Feb. 8, 2025 /PRNewswire/ -- A news report from korean.shanghai.gov.cn The latest business environment improvement action plan released in Shanghai on Feb 5 will help the city better address market entities' needs and inject more vitality into the city's economic growth, said officials and market experts. Their comments were made on Feb 5 when the Shanghai municipal government held the business environment improvement work conference for the eighth consecutive year. The latest action plan, which is now in its eighth edition, was released during the conference. The plan aims to enhance the sense of gain among enterprises by coming up with 58 detailed measures which are more substantial and down-to-earth, according to Lu Aiguo, head of the business environment construction division at the Shanghai Municipal Development and Reform Commission. One focus of the new plan is deepening the reform by aligning with the standards specified in World Bank's Business Ready evaluation system, said Lu. Ten related reform measures have been rolled out, covering market entry, operational venues, infrastructure, utilities, international trade and market competition, among others. As to international trade, Shanghai will expand the benefit scope for controlled and inspected high-tech goods. The import pilot program for research and development as well as testing items should be further optimized. Customs clearance facilitation services will be improved by better implementing reform measures such as multi-modal transport and the application of electronic certificates, according to the new action plan. Another 24 measures have been included in action plan 8.0 to optimize the all-round services rendered to companies. On the one hand, more innovative financing products should be introduced, providing continued financing support to small and medium-sized enterprises. On the other, more efforts should be made to facilitate the outbound reaches of domestic companies while further opening up the local market. Professional service providers will be supported to set up branches in the markets involved in the Belt and Road Initiative. Meanwhile, visas as well as entry and exit services for foreign talent will be more convenient. More foreign-invested projects should be introduced in the city and major foreign-invested projects should be settled at a faster pace, according to the new action plan. Japanese carmaker Toyota announced on Wednesday that it has entered into an agreement with the Shanghai government to establish a new wholly-owned company in Jinshan district of Shanghai for the development and production of Lexus electric vehicles and batteries. The advanced and mature industrial chains, logistics networks, talent supply and market size in Shanghai and the neighboring cities are the major reasons to land this new project, according to Toyota. To improve services provided to companies, efforts will be made to promulgate a negative list for cross-border data flow within the China (Shanghai) Pilot Free Trade Zone, according to the new action plan. The new action plan also includes 14 measures to optimize supervision over companies. For more information: https://korean.shanghai.gov.cn/ko-DoBusiness/index.html
SHANGHAI, Feb. 8, 2025 /PRNewswire/ -- A news report from japanese.shanghai.gov.cn The latest business environment improvement action plan released in Shanghai on Feb 5 will help the city better address market entities' needs and inject more vitality into the city's economic growth, said officials and market experts. Their comments were made on Feb 5 when the Shanghai municipal government held the business environment improvement work conference for the eighth consecutive year. The latest action plan, which is now in its eighth edition, was released during the conference. The plan aims to enhance the sense of gain among enterprises by coming up with 58 detailed measures which are more substantial and down-to-earth, according to Lu Aiguo, head of the business environment construction division at the Shanghai Municipal Development and Reform Commission. One focus of the new plan is deepening the reform by aligning with the standards specified in World Bank's Business Ready evaluation system, said Lu. Ten related reform measures have been rolled out, covering market entry, operational venues, infrastructure, utilities, international trade and market competition, among others. As to international trade, Shanghai will expand the benefit scope for controlled and inspected high-tech goods. The import pilot program for research and development as well as testing items should be further optimized. Customs clearance facilitation services will be improved by better implementing reform measures such as multi-modal transport and the application of electronic certificates, according to the new action plan. Another 24 measures have been included in action plan 8.0 to optimize the all-round services rendered to companies. On the one hand, more innovative financing products should be introduced, providing continued financing support to small and medium-sized enterprises. On the other, more efforts should be made to facilitate the outbound reaches of domestic companies while further opening up the local market. Professional service providers will be supported to set up branches in the markets involved in the Belt and Road Initiative. Meanwhile, visas as well as entry and exit services for foreign talent will be more convenient. More foreign-invested projects should be introduced in the city and major foreign-invested projects should be settled at a faster pace, according to the new action plan. Japanese carmaker Toyota announced on Wednesday that it has entered into an agreement with the Shanghai government to establish a new wholly-owned company in Jinshan district of Shanghai for the development and production of Lexus electric vehicles and batteries. The advanced and mature industrial chains, logistics networks, talent supply and market size in Shanghai and the neighboring cities are the major reasons to land this new project, according to Toyota. To improve services provided to companies, efforts will be made to promulgate a negative list for cross-border data flow within the China (Shanghai) Pilot Free Trade Zone, according to the new action plan. The new action plan also includes 14 measures to optimize supervision over companies. For more information: https://japanese.shanghai.gov.cn/ja-DoBusiness/index.html
SHANGHAI, Feb. 7, 2025 /PRNewswire/ -- A news report from english.shanghai.gov.cn The latest business environment improvement action plan released in Shanghai on Feb 5 will help the city better address market entities' needs and inject more vitality into the city's economic growth, said officials and market experts. Their comments were made on Feb 5 when the Shanghai municipal government held the business environment improvement work conference for the eighth consecutive year. The latest action plan, which is now in its eighth edition, was released during the conference. The plan aims to enhance the sense of gain among enterprises by coming up with 58 detailed measures which are more substantial and down-to-earth, according to Lu Aiguo, head of the business environment construction division at the Shanghai Municipal Development and Reform Commission. One focus of the new plan is deepening the reform by aligning with the standards specified in World Bank's Business Ready evaluation system, said Lu. Ten related reform measures have been rolled out, covering market entry, operational venues, infrastructure, utilities, international trade and market competition, among others. As to international trade, Shanghai will expand the benefit scope for controlled and inspected high-tech goods. The import pilot program for research and development as well as testing items should be further optimized. Customs clearance facilitation services will be improved by better implementing reform measures such as multi-modal transport and the application of electronic certificates, according to the new action plan. Another 24 measures have been included in action plan 8.0 to optimize the all-round services rendered to companies. On the one hand, more innovative financing products should be introduced, providing continued financing support to small and medium-sized enterprises. On the other, more efforts should be made to facilitate the outbound reaches of domestic companies while further opening up the local market. Professional service providers will be supported to set up branches in the markets involved in the Belt and Road Initiative. Meanwhile, visas as well as entry and exit services for foreign talent will be more convenient. More foreign-invested projects should be introduced in the city and major foreign-invested projects should be settled at a faster pace, according to the new action plan. Japanese carmaker Toyota announced on Feb 5 that it has entered into an agreement with the Shanghai government to establish a new wholly-owned company in Jinshan district of Shanghai for the development and production of Lexus electric vehicles and batteries. The advanced and mature industrial chains, logistics networks, talent supply and market size in Shanghai and the neighboring cities are the major reasons to land this new project, according to Toyota. To improve services provided to companies, efforts will be made to promulgate a negative list for cross-border data flow within the China (Shanghai) Pilot Free Trade Zone, according to the new action plan. Companies will be better guided to conduct data export activities in accordance with laws and regulations. This is conducive to companies' international competitiveness, said Huang Lina, an official from the internet security division at Shanghai Cyberspace Administration. The new action plan also includes 14 measures to optimize supervision over companies. According to Wu Beibei, deputy director of the laws and regulations division at Shanghai Administration for Market Regulation, the targets, frequency and content of on-site inspections will be reduced to lower the impact on companies. The goal is to lower the number of planned administrative on-site inspections in the next two to three years, she said. For more information: https://english.shanghai.gov.cn/en-BusinessEnvironment/index.html
NEW YORK, Feb. 7, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced that its board of directors has authorized a share repurchase program to buy back up to $30 million of its outstanding Class A ordinary shares. This program reflects the Company's confidence in its long-term growth prospects. The share repurchase program is expected for the next 12 months. The Company intends to fund the repurchases through a combination of cash on hand and cash generated from operations. Mr. Zaichang Ye, Chairman and Chief Executive Officer of SunCar commented, "this stock repurchase program demonstrates the management's confidence in the outlook for our business. The board of directors and management team believe that the Company's continued effort to keep our position as a leading cloud-based provider of digitalized enterprise auto services and auto eInsurance service in China in the market will deliver the best value to our shareholders." The Company may repurchase shares of its Class A ordinary shares from time to time on the open market or in privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock. 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. SunCar'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. Cautionary Language Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding SunCar's expectations regarding the consummation of the offering, the anticipated use of the net proceeds of the offering and the satisfaction of customary closing conditions with respect to the offering. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward looking. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable by SunCar and its management, as the case may be, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the risk that the offering will not be consummated; the impact of general economic, health, industrial or political conditions in the United States or internationally; and other risks and uncertainties identified in SunCar's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as well as other filings and reports that are filed by SunCar from time to time with the SEC. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. SunCar does not undertake or accept any duty to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or in the events, conditions or circumstances on which any such statement is based. Contact Information: SunCar: Investor Relations: Ms. Hui JiangEmail: IR@suncartech.comLegal: Ms. Li ChenEmail: chenli@suncartech.com U.S. Investor Relations: Matthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
TAIPEI, Feb. 7, 2025 /PRNewswire/ -- The Taiwan External Trade Development Council (TAITRA) will present Taipei AMPA and E-Mobility Taiwan under the new "360° MOBILITY Mega Shows" brand at Nangang Exhibition Hall 1 from April 23-26, 2025. Running concurrently with these shows will be the Autotronics Taipei, collectively establishing Asia's most comprehensive mobility industry exhibition platform. As benchmark exhibitions for the global automotive parts industry, these three shows will feature 13 newly integrated exhibition zones. The comprehensive display ranges from hardware components, aftermarket services, and automotive electronics to software/hardware and system solutions, as well as electric vehicles, autonomous vehicles, and charging systems, presenting the most complete mobility industry ecosystem. In 2024, these flagship shows attracted over 50,000 professional visits and media representatives from 120 countries. The 2025 edition, themed "Drive Smart, Drive Sustainability," will focus on three key areas: Diverse Innovation, Sustainable Future, and Mobility Ecosystem. The exhibition will feature 13 specialized zones covering parts & components, customizing & accessories, automotive lighting, mobility technology, autonomous and electric vehicles, and motorcycle components, showcasing the latest technologies and future trends. With the global automotive industry's shift toward electrification and smart technology, the newly established Mobility Technology and Mobility Energy Solutions areas will feature industry leaders, such as CUB ELECPARTS, DELTA ELECTRONICS, ETREEGO, HD RENEWABLE ENERGY, SHIHLIN ELECTRIC, TEXAS INSTRUMENTS, and ZEROVA TECHNOLOGIES. These companies will showcase cutting-edge mobility solutions and innovative technologies. In the automotive components sector, leading manufacturers AISIN ELITE, GORDON, KUO CHUAN PRECISION, NAN HOANG, and SONAR AUTO PARTS will demonstrate their technological expertise, while EAGLE EYES and JUST AUTO LIGHTING will lead the automotive lighting segment with innovative lighting solutions. Industry forecasts project Taiwan's automotive electronics production value to exceed NT$600 billion in 2025, with electronic components expected to make up over 50% of total vehicle costs. The automotive electronics zone will showcase leading manufacturers including E-LEAD ELECTRONIC, JET OPTOELECTRONICS, KAI SUH SUH, MiTAC, MSI, and TA YA ELECTRIC WIRE & CABLE, highlighting Taiwan's competitiveness in the global market. To foster industry exchange and innovation, TAITRA will host key events, including the "360° MOBILITY Forum", where industry experts share insights on global market trends and technological developments. Additionally, the fourth annual "ESG Achievement", in partnership with international certification authorities, will recognize companies demonstrating excellence in sustainable development, encouraging broader industry adoption of sustainability practices. The 360° MOBILITY Mega Shows demonstrate Taiwan's innovative capabilities in the mobility sector while providing an excellent platform for industry professionals to collect, explore global trends, and foster business opportunities. International visitors can obtain badges by presenting the QR code from their pre-registration confirmation email along with two business cards. For more information and pre-registration: https://www.taipeiampa.com.tw/en/.
Leader in zero emissions mobility and infrastructure technology will deploy IFS.ai capabilities to meet global demand for market-leading hydrogen and battery electric technologies. LONDON, Feb. 6, 2025 /PRNewswire/ -- IFS, the leading enterprise cloud and Industrial AI software provider, today announced that Hexagon Purus, the global leader in zero emission infrastructure and mobility solutions, is set to implement IFS Cloud to increase efficiency across its entire supply chain – from material and capacity planning to financial management. Hexagon Purus has opened seven new manufacturing facilities across three continents within 18 months, to meet worldwide demand for its advanced hydrogen storage and battery systems technology and vehicle integration solutions. With IFS Cloud's advanced functionality, user-friendly simplicity, and superior third-party tool integration, the ERP solution will provide Hexagon Purus with critical Industrial AI-driven data insights for faster and better supply chain decisions. Headquartered in Norway, Hexagon Purus drives decarbonization across industry and mobility end-markets including light, medium, and heavy-duty trucking, buses, maritime, rail, aviation and aerospace and provides hydrogen ground storage, distribution and refueling. By implementing IFS Cloud, the company will gain greater transparency across every aspect of its supply chain and a detailed view of each customer order, driving significant improvements in operational performance. IFS Cloud's customizable dashboards will also provide Hexagon Purus employees with faster access to the data they need for their specific roles. The composable nature of the IFS Cloud platform enables Hexagon Purus to remain evergreen – no major upgrades required – on the latest innovation and functionality, reducing cost, increasing profitability and competitiveness. In the longer term, deployment of IFS Cloud will help the company achieve its digital transformation ambitions. Hexagon Purus will connect IFS Cloud to its own data integration platform to facilitate strategic supply chain decisions across all its sites, react even faster to changes in production output, quality and capacity, and provide a better customer experience through increased visibility. Heiko Chudzick, responsible for operations at Hexagon Purus, said: "Our technology and manufacturing expertise is second-to-none and so it was natural that we would move to IFS Cloud as we expand to meet the growing demand for our zero emission mobility solutions. Upgrading to IFS Cloud and utilizing its advanced AI capabilities will help us become even more efficient and competitive. This transition is a critical part of our overall digitalization journey and we're excited to continue working with IFS as we enhance our global supply chain operations to drive a more sustainable planet." Clemens Mittnacht, Senior Director, Market Unit Leader DACH, IFS, said: "Hexagon Purus' decision to upgrade to IFS Cloud will transform the efficiency, competitiveness and agility of its fast-expanding global supply chain. As a global leader in the use of advanced technology to reduce and eliminate harmful emissions from mobility, their expertise is unparalleled. With a shared commitment to innovation, we are proud to collaborate and help Hexagon Purus achieve its digital transformation ambitions, leverage Industrial AI and increase sustainability worldwide." About Hexagon Purus Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace. Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn IFS Press Contacts:EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: adam.gillbe@ifs.com NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: mairi.morgan@ifs.com This information was brought to you by Cision http://news.cision.com. https://news.cision.com/ifs/r/hexagon-purus-upgrades-to-ifs-cloud-to-drive-supply-chain-efficiency-and-optimize-global-growth,c4101766 The following files are available for download: https://news.cision.com/ifs/i/hexagonpurus1-930x423,c3375018 HexagonPurus1 930x423
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Electric vehicles
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