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SINGAPORE - Media OutReach Newswire - 3 January 2025 - Flint, the pioneering deep tech company developing a proprietary paper battery technology, has raised US$2 million in seed funding. This funding round, led by a global consortium of angel investors, will accelerate Flint’s efforts to bring high-performance, sustainable energy storage solutions to market. “This funding milestone represents years of technical breakthroughs, and now, with real-world applications on the horizon, we are laser-focused on delivering our solutions to market,” said Mr. Carlo Charles, Founder and CEO of Flint, who has been recognized by the US State Department, the European Union, Google, TechCrunch, the International Union for Conservation of Nature, the Singapore government, and other esteemed institutions. “Our batteries are engineered to excel where traditional technologies fall short, and we believe they will transform industries that demand superior safety, sustainability, and flexibility.” The funding supports commercial expansion, pilot production, and intellectual property development, positioning Flint to challenge legacy battery technologies like lithium-ion and lead-acid with cleaner, safer, and adaptive alternatives. The company is also set to roll out its first paid pilot project in the immediate future with an international customer in a diversified industry sector. Key Highlights: US$2 million seed funding raised from private investors across nine countries and AI-driven VC firm Hatcher+. First commercial pilot project secured with a global enterprise, validating Flint’s market readiness. Stealth mode exit after intensive R&D and proprietary battery designs now ready for commercialization. Funds allocated toward pilot production, key hires, and intellectual property development. Deep Tech Innovation: Rethinking Energy Storage Flint’s cellulose-based paper batteries are engineered from the ground up to solve critical challenges in modern energy storage. These next-generation batteries are: Highly Sustainable: Using natural and non-toxic materials such as cellulose paper, zinc and manganese, Flint eliminates hazardous components used in conventional battery technologies and are fully compostable at the end of their lifecycle, making recycling easier and cheaper, minimizing electronic wastes, and reducing environmental impact. Inherently Safe: Explosion-proof, leak-proof, and immune to combustion risks, ensuring near-zero fire hazards even under extreme conditions. Flexible and Durable: Flexible and designed to maintain functionality even when punctured, bent, or damaged, allowing new form factors for various applications. Cost-Efficient: Leveraging low-cost input materials and scalable production processes, Flint addresses pricing concerns that have traditionally hindered the adoption of sustainable technologies. Scalable for Rapid Adoption: Seamlessly integrates into existing manufacturing infrastructure, lowering barriers to industrial adoption and allowing for quick scaling. These innovations represent a fundamental shift in energy storage, laying the groundwork for smarter, safer, and more environmentally sustainable batteries. Flint’s core technology addresses both anode and cathode breakthroughs, with proprietary electrolytes and separators enhancing performance, stability, and safety under extreme conditions. Furthermore, Flint’s proprietary innovations not only address sustainability challenges but also remove the traditional “green premium” — the higher cost often associated with environmentally friendly products. For standard battery types and applications, Flint’s inexpensive input materials and efficient production processes enable competitively priced solutions. These solutions not only match the performance of conventional batteries but also provide a “green discount”: a more sustainable product at a lower price. Strong Market Traction with High-Value Customers With a global energy storage market valued at US$500 billion by 2030, Flint is strategically positioned to disrupt the industry. The company’s first paid pilot project with a diversified international enterprise validates its value proposition and underscores early market traction. Flint has already attracted interest from more than 20 companies across sectors, including: Defense and Security Energy Storage Systems Critical Power Supply Consumer Electronics Space Applications Electric Vehicles (EVs) "These discussions highlight a growing appetite for next-generation energy solutions," said Mr. Carlo Charles. “Our cost-effectiveness is key to driving adoption at scale. We’re not just offering a sustainable option; we’re offering a better, safer, and more affordable alternative to unsustainable batteries.” “A lower production cost is at the core of creating demand, scaling quickly, and increasing adoption rates while ensuring profitability,” said Mr. Jeremy Wee, Co-Founder of Flint. “We are no longer confined to the lab — our commercial pilots are already demonstrating the tangible impact of our innovations in real-world applications.” Investor Confidence and Funding Roadmap The US$2 million seed funding round which closed in October was driven by private angel investors from France, Germany, Hong Kong, India, Singapore, Sweden, Switzerland, the UK, and the US. It also saw participation from Hatcher+, a venture capital firm recognized for leveraging machine learning and AI-driven insights to identify high-potential ventures. The capital infusion will be deployed to: Scale pilot production capabilities Secure intellectual properties to safeguard proprietary technologies Build a world-class team of engineers and scientists Drive commercialization efforts with pilot customers “This announcement marks a major milestone for us as a company, and we are very humbled by the support from our investors, who, like us, believe in a better and greener future,” said Mr. Carlo Charles. This funding builds on Flint’s national and international recognition from TechCrunch, the Techblazer Awards, the Institution of Engineers Singapore (IES), and accelerator programs by Shell and OPPO, along with grants from the Singapore government — further validating the company’s breakthrough potential. Upcoming CES 2025 Global Launch Flint will also showcase its prototypes and products at CES 2025 in Las Vegas from January 7th–10th, presenting to global tech leaders and strategic partners. CES is labelled the most powerful tech event in the world with more than 130,000 attendees expected. At the end of 2023, Flint made its debut on the global stage of TechCrunch’s flagship event in San Francisco, standing out as the only company from Asia among just 20 start-ups selected worldwide out of a total of more than 3,200. Building on that momentum, Flint is now ready to leverage CES 2025 as a strategic launchpad for accelerated international expansion. Shaping the Future of Sustainable Technology “At Flint, we aim to do more than build better batteries — we’re changing the way the world envisions energy storage,” said Carlo Charles. “By positioning ourselves at the intersection of advanced technology and sustainability, we’re addressing the climate crisis head-on. Our paper battery technology isn’t just about better performance; it’s about creating a safer, greener standard that industries can rely on. This is the future of energy, and we’re proud to be leading the way.” Our goal is simple: to create batteries that work great and are better for the planet,” added Mr. Jeremy Wee. “We’re not just solving today’s problems — we’re preparing for tomorrow and setting new standards for what’s possible in sustainability.” Hashtag: #Flint #FlintPaperBattery #GreenEnergy #DeepTech #SustainableInnovation #CleanTech #FutureOfEnergy #PaperBattery #EnergyStorage #StartupFunding #SeedFunding #TechInvestment #GlobalInnovation #ClimateTech #CES2025 #TechCrunchDisrupt #MadeByFlint #TechLeadershttps://www.madebyflint.co/https://www.linkedin.com/company/madebyflint/The issuer is solely responsible for the content of this announcement.FlintSparkByFlint Pte. Ltd. ("Flint") is a deep tech impact company headquartered in Singapore with a mission to offer the world’s most sustainable batteries. Flint specializes in developing next-generation rechargeable paper batteries that are safer, cleaner, and more flexible and cost-efficient than traditional lithium-ion and lead-acid batteries. Flint’s proprietary technology encompasses anode, cathode, separator, and electrolyte innovations, with cellulose paper at its core. The company’s batteries remain operational even when damaged and integrate easily with existing manufacturing processes, enabling rapid industrial adoption. For more information, visit www.madebyflint.co.
CHANGZHOU, China, Jan. 1, 2025 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today announced that the Company had received a notification letter (the "Notification Letter") dated December 30, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares, par value US$0.04 per share ("Ordinary Shares") was below $1.00 per share for a period of 30 consecutive business days from November 13, 2024 to December 27, 2024. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company's Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker "EZGO". Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until June 30, 2025 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the minimum bid price requirement by June 30, 2025, the Company may be eligibleE for an additional 180 calendar day grace period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to June 30, 2025 or the expiration of the second compliance period if granted. The Company's operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Ordinary Shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. About EZGO Technologies Ltd. Leveraging an Internet of Things (IoT) product and service platform and two e-bicycle brands, "EZGO" and "Cenbird," EZGO has established a business model centered on the design, manufacturing and sale of two-and three-wheeled electric vehicles, intelligent robots, complemented by electric vehicle accessories including batteries, charging piles and electronic control system. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at www.ezgotech.com.cn/Investor. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
DALIAN, China, Dec. 30, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has successfully signed procurement agreements with all suppliers and completed the prepayment for all necessary production equipment and utilities required for the first two production lines at its Phase II project in Nanjing. Launched in 2021, the Company's Nanjing project is structured in two phases. Phase I began mass production of its flagship 32140 large cylindrical lithium-ion cells in late 2021, with an actual capacity of approximately 1.3GWh, distributed across two production lines. Phase II, representing a significant expansion, is designed to scale up to a planned capacity of 27GWh. Driven by the soaring demand for the Company's 32140 battery cells in 2024, Phase I is currently operating at full capacity. In response to urgent client requirements, the Company has decided to fast-track the progress of Phase II. Under the current timeline, the first two production lines at Phase II are scheduled to enter trial production by May 2025, with full-scale mass production expected to begin by late 2025. These two production lines are specifically designed for the production of Model 32140 large cylindrical battery cells. With certain modifications, they can also be adapted to efficiently manufacture the upgraded Model 40135 cylindrical battery cells. The Model 40135 is an advanced product from the 32140, specifically tailored for portable power supply applications and home energy storage systems. Together, these two production lines will have an annual production capacity of approximately 3GWh. Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, "We are thrilled to announce the acceleration of our Phase II project in Nanjing. As part of our broader expansion plan, the addition of these two production lines will significantly enhance our capacity to meet the surging demand from our clients. The flexibility of one of the lines to produce the Model 40135 battery cells opens up exciting new opportunities in the energy storage sector. We will continue to keep our investors informed as we reach key milestones in this transformative project." 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 and raw materials for use in manufacturing 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, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact:In China:CBAK Energy Technology, Inc.Investor Relations DepartmentEmail: ir@cbak.com.cn
DALIAN, China, Dec. 27, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy" or the "Company"), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has secured substantial orders from Anker Innovations Technology Co., Ltd. (Shenzhen Stock Exchange: 300866, "Anker Innovations"), one of the Chinese global intelligent hardware brand enterprises with the largest revenue scale. The Company has received orders in 2024 with a total value approximately between RMB 200 million and RMB 250 million, or around USD 30 million to USD 35 million. Since 2022, Anker Innovations has consistently placed orders for battery cells, becoming CBAK Energy's Top 5 customer. The majority of these orders consist of Model 32140 large LFP cylindrical batteries, which are integral to Anker Innovations' portable power supply products, particularly those sold in the U.S. Looking ahead, the Company anticipates maintaining or exceeding the value of these significant orders we received in 2024 over the next year. Additionally, CBAK Energy and Anker Innovations are engaged in ongoing discussions about potential future collaborations, including but not limited to expanding capacity in overseas markets. Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, "We are excited to have been added to Anker Innovations' qualified supplier list and to become their largest suppliers of LFP battery cells. This marks an important milestone in our partnership, and we look forward to further strengthening our relationship. With the growing demand for our products, we are fully committed to meeting these needs, and our manufacturing facilities are operating at full capacity. This reinforces our dedication to product quality and reliability, which we believe has earned us the trust of leading companies like Anker Innovations." 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 and raw materials for use in manufacturing 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, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: In China:CBAK Energy Technology, Inc.Investor Relations DepartmentEmail: ir@cbak.com.cn
LISHUI, China, Dec. 27, 2024 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") today announced that, on December 26, 2024, its U.S. subsidiary, Gohomeway Group Inc, signed an annual purchase agreement with Heidi Enterprise Group for the period of January 2025 to December 2025. Under the terms of the agreement, Heidi Enterprise Group will procure flooring products worth $400,000 to $500,000 monthly, totaling $5 million annually, from Gohomeway Group Inc. This agreement marks a milestone in Tantech's successful expansion into the U.S. market.Tantech's CEO, Wangfeng Yan, stated, "The substantial progress achieved in our construction materials sales in the U.S. reflects our commitment to market growth. We will continue to strengthen our efforts to expand operations in the U.S., aiming to establish a robust market ecosystem that is planned to include a comprehensive distribution network and franchise system through the operations of Gohomeway Group Inc." 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
HANOI, VIETNAM - Media OutReach Newswire - 27 December 2024 - The VinFast VF 8 is produced at one of Southeast Asia's most advanced manufacturing facilities, reflecting the Nasdaq-listed company's focus on efficiency and innovation to meet the evolving needs of global consumers while contributing to a greener automotive future. The VF 8 offers one of the most competitive lease deals in the U.S., easing the transition for those switching to electric vehicles. Inside VinFast's Haiphong factory, the VF 8 and other vehicles in their comprehensive EV lineup embody the company's pioneering vision. Recognized for its innovation and speed to market, VinFast secured a spot on TIME's 2024 list of influential companies. As VinFast expands globally, its vehicles demonstrate advanced engineering and a commitment to sustainability. Among these, the VF 8 emerges as a flagship model, offering a glimpse into a smarter and greener automotive future. Designed for North America's SUV-Loving Families In North America, SUVs account for nearly 55% of all passenger vehicle sales in 2023[1], reflecting their enduring popularity. The VF 8 embraces this trend, combining an elegant SUV-coupe silhouette with practical features tailored for everyday use. Its sloping roofline maximizes style and interior space, making it a strong contender for families seeking both comfort and aesthetics. The VF 8's minimalistic interior design reduces physical buttons, enhancing driver focus while maintaining a modern, uncluttered look. Its spacious cabin ensures a comfortable experience for both short trips and long journeys. Powered by an electric drivetrain, the VF 8 boasts significantly lower operating costs than traditional ICE vehicles in the same segment. This efficiency is a key factor for families considering long-term savings. Adding to its appeal, the VF 8 offers one of the most competitive lease deals in the U.S., easing the transition for those switching to electric vehicles. The VF 8 embodies a commitment to innovation and sustainability, symbolizing Vietnam's drive to lead the global green transformation. The VF 8: A Testament to VinFast's Vision The VF 8 represents a milestone for VinFast, Vingroup, and Vietnam's automotive ambitions. As Vietnam's top car brand for the first 10 months of 2024, VinFast continues its global expansion with ventures in Indonesia, the Philippines, and the Middle East, as well as new assembly plants in Indonesia and India. For Vingroup, the VF 8 embodies a commitment to innovation and sustainability, symbolizing Vietnam's drive to lead the global green transformation. More than just a vehicle, the VF 8 showcases how thoughtful design and purpose-driven engineering can shape a better future. [1] https://www.statista.com/study/49992/suvs-report/#:~:text=SUVs%20accounted%20for%2043.9%25%20of,Ford%20(US$58.6%20billion). Hashtag: #VinFasthttps://vinfastauto.us/The issuer is solely responsible for the content of this announcement.
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Electric vehicles
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