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BEIJING, July 12, 2025 /PRNewswire/ -- On a recent sunny morning in the coastal city of Xiamen in East China's Fujian Province, as temperatures surged, inside a perfectly climate-controlled dispatch center of the Xiamen Container Terminal Group, a port worker sat comfortably inside what looked like a full-sized convertible toy car. Keeping his eye on the screen, the worker had one hand on the "wheel," and the other constantly pressed different buttons and moved the joystick. At first glance, the worker looked more like he was playing a car racing game. However, a closer look at the screen, split into several small portions, revealed that the worker was actually organizing containers at the nearby Haitian Container Terminal. When the worker pressed buttons inside the dispatch room, the work was being done by machines in the scorching heat. Such highly automated operations were unimaginable for port workers just a few decades ago. Another port worker, who has worked at Xiamen Port for 25 years, recalled how things used to be done - workers had to board the ships, carry goods off the ships on their backs, load them onto handcarts for transport, and use rope nets and small cranes to hoist the cargo. From entirely relying on manual labor to highly automated operations, Xiamen Port, whose history dates back centuries, has become a modern, world-class port, thanks to the tireless efforts in tech upgrades, effectively supporting Xiamen, Fujian, as well as China's ever-growing trade with the rest of the world. Xiamen has been a trading port since ancient times, as well as a gateway for China's opening-up and external cooperation. The Xiamen Special Economic Zone (SEZ) was one of the four earliest special economic zones in the country, and in 2015, Xiamen officially became part of the China (Fujian) Pilot Free Trade Zone (FTZ). On the morning of October 16, 2024, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president, and chairman of the Central Military Commission, inspected the Xiamen Area of China (Fujian) Pilot Free Trade Zone. Over more than 40 years of development, the Xiamen Special Economic Zone has experienced tremendous changes that were once unimaginable, he said. Today, the requirements for reform and opening-up, both in depth and breadth, are higher than ever before. Fujian and Xiamen need to adapt to the changing situation, steadily advance institutional opening-up, align with international high standards, and achieve more institutional and policy outcomes to contribute to the expansion of high-level opening-up, Xi said, according to the Xinhua News Agency. Thriving business The outcomes of Xiamen's efforts to steadily advance opening-up are on vivid display at Xiamen Port. Under Xiamen's clear skies, the Haitian Container Terminal of Xiamen Port was in full operation. Trucks moved in and out in an orderly flow, navigating between rows of stacked containers. Gantry cranes traveled slowly along the quay, maintaining uninterrupted loading and unloading work. Overhead, airplanes passed frequently—located beneath the flight path of Xiamen Gaoqi International Airport, the terminal sees a steady stream of aircraft flying over the work site, becoming part of the daily scene. Looking out over the harbor waters, a cargo ship operated by the French shipping giant CMA CGM Group arrived at the Haitian Container Terminal around 8 am and is scheduled to depart the terminal around 4:30 am the next day, according to Chen Caishun, the on-duty manager from Xiamen Container Terminal Group. The ship, scheduled to load nearly 2,200 TEUs of cargo within about 20 hours at the terminal covering goods such as ceramics, shoes and various daily goods, is heading to multiple Southeast Asian countries, including Singapore and Indonesia. "This is also one of our 'Silk Road Maritime' routes," Chen told the Global Times. At the opening ceremony of the third Belt and Road Forum for International Cooperation held on October 18, 2023, President Xi announced in his keynote speech that China will vigorously integrate ports, shipping and trading services under the "Silk Road Maritime," and accelerate the building of the New International Land-Sea Trade Corridor and the Air Silk Road, according to the Xinhua News Agency. Chen noted that the "Silk Road Maritime" has evolved from a strategic concept in its early stages into a core component of Xiamen Port's operations. "Take Haitian Container Terminal as an example, its growth in the first half of this year was largely driven by the 'Silk Road Maritime', particularly through the expansion of Southeast Asian routes," he said. Thanks to various efforts, ranging from improving port efficiency to policy support, "Silk Road Maritime," which focuses on shipping routes to Southeast Asia and other regions along the Maritime Silk Road, has become a thriving business at Xiamen Port. The port currently operates more than 132 "Silk Road Maritime" routes, reaching over 145 ports across 46 countries and regions, according to official data. Haitian Container Terminal is the departure port for the "Silk Road Maritime." In the first quarter of this year, the terminal handled 717,200 TEUs, up 5.2 percent year-on-year, with Southeast Asia routes standing out at 317,800 TEUs, a 16.67 percent increase. What's more, during this period, it added seven new shipping routes to countries including Thailand, Vietnam, and the Philippines. Since the start of this year, the "Silk Road Maritime platform" has advanced the Southern China-Southeast Asia land-sea corridor through multimodal transport, opening new routes from Xiamen to Southeast Asia, Europe, the Middle East, and South America. Notably, a direct line to Chancay Port in Peru, a Chinese-built port that went into operation in November 2024, was launched, bypassing Central America and reducing transshipment risks, according to Li Nan, secretary-general of the Silk Road Maritime International Association and the general manager of Fujian Silk Road Maritime Management Co, the operator of the "Silk Road Maritime." By expanding its routes and innovating transportation methods, "Silk Road Maritime" has helped ensure the stability of global supply chains. "Despite uncertainties in the international market, China's foreign trade has continued to grow steadily," Li told the Global Times. Li said that to support the development of "Silk Road Maritime," the platform has adopted smart container technologies—such as the BeiDou Navigation Satellite System and 5G technology—to enable end-to-end logistics visibility, improving both efficiency and safety. Leveraging advanced technologies and policy support to bolster efficiency has become a key focus at Xiamen Port. World-leading efficiency Just after sunrise on July 3, the Hyundai Forward, a 294-meter-long cargo ship operated by South Korea's HMM, quietly pulled into the Hairun Container Terminal at Xiamen Port. Different from the Haitian Container Terminal, this terminal majorly operates ocean routes to America, Europe and Australia. With a deadweight tonnage of over 62,000, the vessel was scheduled to load 583 TEUs before continuing its journey, including various cargos from shoes to ceramics bowls to iron fences and treadmills. As loading operations got underway, towering bridge cranes loaded containers into the cargo ship from a stream of trucks carrying the containers from various parts of the port. Stunningly, the cranes and the vast majority of the trucks are driverless. After six hours of tightly coordinated operations, the ship departed for Kaohsiung Port at the Taiwan Island - its final stop before crossing the vast Pacific Ocean to reach the west coast of the US, carrying with it not just cargo, but renewed confidence in the resilience and reach of China's foreign trade. Such efficiency is possible thanks to Xiamen Port's ongoing technological upgrades. The Haitian Container Terminal began electrifying its equipment in 2008 and took the lead in implementing remote control of quay cranes in 2015, making it one of the earliest terminals in China to adopt smart and green port development. In July 2020, smart port upgrades were extended to the Hairun Container Terminal, marking China's first full-area, end-to-end intelligent transformation of a traditional container terminal. Unlike partial upgrades at other terminals, the Hairun Container Terminal's smart transformation covers the entire port area and full operational chain, including horizontal transport, yard cranes, and cargo handling, according to port officials. Thanks to such efforts, Xiamen Port's efficiency ranks among the highest globally. In May 2025, global rankings for the average time international ocean-going container ships spent at major ports were released, with Xiamen ranking second and third worldwide for time at berth and in-port stay, respectively. These indicators reflect the overall efficiency of port operations, including facilities and equipment, piloting, scheduling, loading and unloading, intermodal transport, and customs clearance, as well as cargo handling efficiency during a vessel's time at berth. Beyond hardware upgrades, policy support is also key to achieving world-class port efficiency. As a special economic zone and part of a national FTZ, Xiamen has rolled out more than 630 innovative reform and opening-up measures, with 153 of them marking "firsts" in China, according to the Xiamen Area of China (Fujian) FTZ. In addition, efficient customs clearance operations have also become a key driver of growth. "Since the beginning of this year, Haicang Customs has taken many measures to promote customs clearance facilitation. In terms of optimizing services, it has implemented pre-arrival reporting, guided enterprises to declare customs in advance, pre-examined documents, carried out timely inspections and assessments, adopted the model of advance declaration plus appointment inspection, and used consolidated taxation and tax guarantees to alleviate the financial pressure on enterprises and optimize scheduling," Lai Yichao, an official with Haicang Customs, told the Global Times. Enterprising spirit These efforts provide concrete support for businesses in Xiamen to effectively navigate the increasingly complex global trade landscape and continuously open up new channels for trade. Xiamen-based WORTHFIND IMP & EXP Co started with toiletry storage bags and gradually expanded to include suitcases, laptop bags, smart waist packs, and more - offering a diverse range of products sold in 150 countries and regions. Even though the company has set up overseas warehouses in western and eastern regions of the US, revenue from the US market has dropped from 90 percent of its total revenue three years ago to 60 percent at present, thanks to efforts to explore other emerging markets, Lin Yang, deputy general manager of the company, told the Global Times. Lin also noted that the company's self-owned brand holds pricing power, allowing flexibility in price adjustments, and that tariffs are included in logistics costs, with part of the increased expenses shared by partner logistics providers. "So far, US policies have not had a substantial impact on the company's operational pace," said Lin. WORTHFIND is not alone in tackling challenges head-on and finding new growth points, leveraging various policy supports and efficient logistics at Xiamen Port. ECO-WORTHY, a Xiamen-based new energy products exporter, had already achieved half of its annual target in the first half of the year and expects to meet its revenue goal by year-end. The company's founder, Wang Hao, said its products hold a strong market share on cross-border e-commerce platforms, particularly in Europe and the US. "Despite challenges in recent years, the company can still maintain product competitiveness," Wang told the Global Times. Wang emphasized that Xiamen offers a favorable business environment, with well-regulated government management and strong support for foreign trade enterprises. "Thanks to Xiamen's superior import-export conditions, we have been able to conduct overseas business smoothly and quickly expand into emerging markets," he said. All of this demonstrates an enterprising spirit that has underpinned the high-quality development of Xiamen since it became one of the first four special economic zones in the early years of China's reform and opening-up policy and a gateway for China's cooperation with the rest of the world. In his keynote speech at the opening ceremony of the BRICS Business Forum on September 3, 2017, President Xi noted that Xiamen is where he started off when he came to Fujian Province to take up a new post in 1985, and said that there is a popular saying here in southern Fujian, "Dedicate yourself and you will win," which embodies an enterprising spirit. Xiamen's success is a good example demonstrating the perseverance of the 1.3 billion-plus Chinese people, he said at that time, according to Xinhua. "We have encountered difficulties and challenges on the way forward. But we have persevered and kept pace with the times. With dedication, courage and ingenuity, we are making great progress in pursuing development in today's China," President Xi said, according to Xinhua. In interviews with the Global Times, port workers, customs officials and businesspeople in Xiamen fully demonstrated this enterprising spirit - while acknowledging the challenges in global trade, they exude a sense of calm and confidence that through dedicated efforts, they can always find new ways to pursue win-win cooperation with the rest of the world. "Despite various challenges, we have always worked hard to promote Chinese products to the world. Especially in the global e-commerce market, "Made in China" is still an important label and is favored by consumers," Yang Kaimo, manager of the customer service department at Xiamen Port Logistics Company, told the Global Times, adding that such efforts are also aimed at meeting the needs of consumers from various countries and regions who rely on Chinese-made products for their daily lives.
100 Years of DEKRA: Safety in a Changing World STUTTGART, Germany, July 12, 2025 /PRNewswire/ -- On June 30, 2025, DEKRA celebrated its 100th anniversary – with a clear focus on the future. What began in 1925 with voluntary vehicle inspections is now a global expert organization for safety, sustainability, and digital trust. On its centennial, DEKRA reaffirms its commitment to tackling the major challenges of our time – in line with its anniversary motto: "Securing the Future." DEKRA was founded on June 30, 1925, in Berlin as the "Deutscher Kraftfahrzeug-Überwachungs-Verein" (German Motor Vehicle Inspection Association) – at a time when the automobile was beginning to reshape the world. Its mission: voluntary technical inspections to bring safety to a new era of mobility. A century later, this initiative has evolved into a global expert organization with 48,000 employees in around 60 countries – all pursuing one clear goal: enabling safety and trust in a changing world. What began in 1925 with vehicle inspections has grown into a comprehensive portfolio across mobility, industry, environment, and digital technologies. DEKRA tests both physical and digital products, processes, and systems. "Safety is not static – it evolves with the world we live in," says CEO Stan Zurkiewicz. "Our task is to help shape key areas of transformation – mobility, digitalization, artificial intelligence, and sustainability – with expertise, responsibility, and foresight." Shaping Germany – Expanding Globally DEKRA's history is marked by constant progress. When periodic vehicle inspections became mandatory in Germany in 1951, DEKRA played a key role in their implementation. The 1960s and 1970s brought a focus on education and research, including the founding of DEKRA Akademie (1974), the Research and Development department (1968), and Accident Research (1978) – the latter with the aim of learning from data. After German reunification, DEKRA took over responsibilities from the former East German vehicle authority and built a comprehensive inspection network in the new federal states. Shortly thereafter, the company entered international markets, including France, Spain, China, and the United States. Since then, DEKRA has pursued a globally focused strategy – while maintaining strong roots in its home market of Germany. New Fields – Same Mission: Safety in Transition Starting in the mid-2000s, DEKRA systematically expanded its competencies in industrial inspection, infrastructure, and environmental technologies – with the founding of DEKRA Industrial GmbH as a major milestone. In 2017, the acquisition of the Lausitzring racetrack in Brandenburg, Germany, marked an important step toward future mobility. Together with the neighboring DEKRA Technology Center, it now forms Europe's largest independent test center for automated and connected driving – a symbol of mobility transformation and the safe, responsible implementation of new technologies. Today, DEKRA's scope ranges from AI validation and cybersecurity to hydrogen safety and sustainability certifications. The common thread remains: building trust where transformation happens. Testing Expertise for Tomorrow's World "Digitalization, connected systems, and artificial intelligence are increasingly shaping our everyday lives – at home, on the road, and in the workplace. To fully harness their potential and drive innovation, we must understand their risks and manage them effectively. Only then can we truly trust them," says Petra Finke, Chief Digitalization Officer at DEKRA. "Safety is the foundation for that trust. That's why we've developed an integrated testing approach that combines functional safety, cybersecurity, and AI validation." DEKRA bundles these services under the term Digital Trust Services. This means the organization doesn't just assess whether software or systems function properly and pose no danger to users – it also examines whether they are resilient against cyberattacks, transparent in their decision-making logic, and ethically sound in their use of AI. "At DEKRA, we view digitalization not only from a technical angle but also strategically – as a driver for more efficient processes, intelligently connected data, and new, trustworthy services, both internally and externally," Finke adds. Global Growth with Focus – People at the Center DEKRA is also expanding its geographical footprint in future-relevant markets. "We are making targeted investments in regions where transformation is tangible – in Asia, North America, and Europe," says Peter Laursen, Chief Operating Officer for DEKRA's global regions. "These are the places where new technologies, new industries, and new safety requirements are emerging. And we want to help shape that future – not just respond to it." At the same time, DEKRA's operational backbone – such as vehicle inspection, industrial inspection, product testing, and audits – remains central. "These are our core services, where we also see great growth potential," Laursen continues. However, sustainable growth in new markets requires more than technology – it needs people who understand and drive change. "The future is not decided by technology alone – but by people who use it responsibly," emphasizes Chief Financial Officer and Head of Human Resources Wolfgang Linsenmaier. "That's why we are consistently investing in employee development, strengthening leadership, and fostering digital skills at all levels." DEKRA is also modernizing internal structures – with clearer career paths, more efficient systems, and a globally connected HR approach. The goal: a learning, values-based organization with strong customer focus. UNICEF Partnership: Securing Water Means Securing the Future As part of its centennial, DEKRA is also breaking new ground in social responsibility – through a partnership with UNICEF for the Water Security for All initiative. Together, the two organizations are implementing programs to provide access to clean drinking water in regions highly affected by climate change – including solar-powered water pumps, technical training centers, and modern groundwater treatment. "Water is essential for life – and increasingly scarce," says CEO Zurkiewicz. "Our partnership with UNICEF demonstrates what 'Securing the Future' means to us: the future begins with responsibility – for products and systems, but above all, for people." The centennial is being celebrated in Berlin, DEKRA's founding location, with partners from business, politics, and society. About DEKRA For 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world's largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA's anniversary motto, "Securing the Future." In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world's most sustainable companies.
BEIJING, July 11, 2025 /PRNewswire/ -- This is a report from China.org.cn The China-Spain Economic and Trade Forum and a roadshow for the third China International Supply Chain Expo (CISCE) was held in Madrid on June 10. Trade and investment promotion agencies, business associations, and company representatives from both countries attended the event. Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), stated that the visit to Spain aims to implement the important consensus reached by both countries' leaders and further upgrade bilateral economic and trade relations. He said this effort is intended to build a stronger and more dynamic comprehensive strategic partnership between China and Spain. The Spanish business community recognizes China's role in promoting stability and cooperation in the global supply chain. Spanish companies said they are willing to leverage their strengths in logistics, manufacturing and energy, and plan to take an active part in the CISCE. The China International Exhibition Center Group introduced details about the third expo on-site, and signed cooperation agreements with Spanish institutions and companies. The third CISCE is set for July 16-20, 2025, in Beijing. The event will feature six key industrial chains－advanced manufacturing, clean energy, smart vehicles, digital technology, healthy life and green agriculture－and include a supply chain service area. China, Spain boost supply chain cooperation http://www.china.org.cn/2025-06/11/content_117967906.shtml
SHENZHEN, China, July 11, 2025 /PRNewswire/ -- SINEXCEL (300693.SZ) has recently been recognized as the No.1 in global megawatt-level charger sales by the esteemed consultancy Zhongjinqixin. This recognition highlights SINEXCEL's market leadership and the growing global adoption of its advanced high-power charging technologies. SINEXCEL Achieves No. 1 in Global Megawatt-Level Charger Sales This ranking is based on extensive data analysis conducted between August 2024 and June 2025, focused on SINEXCEL's Megawatt-Level Charging System—defined as EV charging solutions with a shared single-cabinet output exceeding 1000kW, spanning a power range of 1000kW to 1600kW, and designed for both electric passenger vehicles and heavy-duty trucks. SINEXCEL has positioned itself at the forefront of the green e-mobility transition, introducing innovative megawatt-level charging solutions including the Tianji 1.6MW EV charger and 1.28MW EV charger. These solutions seamlessly blend four key attributes—speed, efficiency, convenience, and cost-effectiveness, catering to diverse charging scenarios—from logistics hubs and highways to urban transit networks, fulfilling the demands of all vehicle segments. Since introducing its megawatt-level charging solutions, SINEXCEL has deployed over 1,500 megawatt charging stations across more than 120 cities worldwide, serving over 120,000 vehicles daily, fundamentally transforming the global transportation and energy landscape. This achievement not only demonstrates SINEXCEL's strong global performance, but also underscores the accelerating demand for high-power charging infrastructure. Looking forward, SINEXCEL is committed to further advancing technological innovation and delivering reliable charging solutions for a sustainable transportation and energy future. About SINEXCEL Founded in 2007, SINEXCEL is a pioneer in energy storage, EV charging and power quality solutions. With 12 GW of installed storage, 140,000 EV chargers and nearly 20 million amperes of AHF deployed, SINEXCEL partners with industry leaders like EVE Energy and Schneider Electric to empower energy freedom.
Europe exits two-year slump, led by German export rebound and domestic demand recovery U.S. manufacturers purchasing surges ahead of U.S. 'tariff pause' ending Asia supply chains pick up, though capacity remains underutilized in Southeast Asia No signs of cost inflation escalation yet despite the 10% universal tariff imposed by the U.S. CLARK, N.J., July 11, 2025 /PRNewswire/ -- GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses — jumped to -0.17 in June, from -0.46 in May, its highest in 2025 as worldwide supply chain activity picked up despite the 10% tariffs imposed by the US administration. GEP Global Supply Chain Volatility Index June 2025 For the first time in more than two years, European manufacturers operated at full tilt, driven by front-loaded orders from US customers, and a rebound in both domestic and export demand, particularly across Germany. In North America, demand for inputs surged as U.S. manufacturers moved quickly to secure inputs – commodities, parts, components and raw materials – ahead of a potential end to the current tariff pause. Asia's supply chains also showed signs of recovery, with stronger activity in India, Japan, and South Korea. However, spare capacity remains across Southeast Asia, where factory purchasing continues to lag, notably in China. Notably, there is no evidence in the data of cost inflation escalating dramatically, despite the tariffs. "In June, Europe shook off its long slump and global supply chains ran at full capacity — despite the uncertainty and on-and-off again tariffs," said John Piatek, VP, Consulting, GEP. "But under the surface, companies are putting in place contingencies: stockpiling inputs, reshaping supplier networks, near-shoring operations, and securing supply chain financing." Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are. Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are. JUNE 2025 REGIONAL KEY FINDINGS ASIA: Index rises to -0.27, from -0.40, indicating a pick-up in Asian market activity, but the region's supply chains remain underutilized overall. This mostly reflects subdued factory conditions in Southeast Asia. NORTH AMERICA: Index rises to -0.06, from -0.24 as US manufacturers ramp up purchasing sharply ahead of the tariff pause coming to an end. North American supply chains effectively ran at full capacity in June. EUROPE: Index rises to 0.01, from -0.30, signaling full capacity utilization across Europe's supply chains in June as the continent's industrial sector emerges from its prolonged downturn. U.K.: Index rises to -0.41, from -0.97, its highest for seven months, but still indicative of an elevated level of slack across the U.K.'s supply chains. JUNE 2025 KEY FINDINGS DEMAND: Global factory purchasing activity continued to trend upwards in June, with demand at its most robust in just over a year. This was driven by a considerable rise in North America, driven by the US, as manufacturers ramped up buying ahead of the pause on US tariffs coming to an end. INVENTORIES: There were increased reports from businesses of a rise in stockpiling due to price or supply concerns during June. Mentions of safety buffers being built into warehouses were their highest so far in 2025 globally, with the prospect of higher tariffs driving procurement managers into precautionary action. MATERIAL SHORTAGES: The global item shortages indicator, which measures the prevalence of supply problems, remains historically low, indicating robust availability. LABOR SHORTAGES: Suppliers' workforce capacity remains sufficient to process current order loads, according to our data. Reports of manufacturing backlogs rising due to staff shortages remain stable at historically typical levels. TRANSPORTATION: Global transportation costs were once again in line with their long-term average in June. Reports from surveyed businesses of logistic cost pressures remain anchored. For more information, visit www.gep.com/volatility.Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Aug. 12, 2025. About the GEP Global Supply Chain Volatility Index The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global's PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global. For more information about the methodology, click here. About GEP GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com. About S&P Global S&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. Media Contacts Derek Creevey Joe Hayes S&P Global Market Intelligence Director, Public Relations Principal Economist Corporate Communications GEP S&P Global Market Intelligence Email: Press.mi@spglobal.com Phone: +1 646-276-4579 Phone: +44-1344-328-099 Email: Email: derek.creevey@gep.com joe.hayes@spglobal.com GEP Global Supply Chain Volatility Index June 2025 GEP Global Supply Chain Volatility Index June 2025
WENZHOU, China, July 11, 2025 /PRNewswire/ -- GSP has marked the arrival of it's 40th anniversay with the rollout of its 300-millionth CV joint. The milestone was marked with an official ceremony at its Wenzhou, China manufacturing facility. This sets a new global benchmark for single-category automotive part production, says the company. Executives and product leaders from Germany, the United States, Brazil, and other regions gathered to witness the occasion, which reflects GSP's four-decade journey from a single-product manufacturer to a global industry leader. "The 300-millionth CV joint represents not just a number — it's a testament to the dedication of GSP employees and the trust placed in us by customers worldwide," said Richard Zhou, CEO of GSP Group, reflecting on the company's growth. Daolun Zheng, Director of the Driveshaft Division and one of GSP's earliest employees, shared stories from the company's early days: "When we launched our first CV joint, we personally visited over 20 countries, carrying samples and resolving 128 complex technical parameters over three years." David Michaux, Director of Global Product Management explained how GSP got here: "Because GSP listens to GSP customers. It's 300 million times that our parts helped vehicles move, families travel safely, and customers trust our brand." Today, GSP produces over 2.5 million CV joints monthly, with 49 patents, a 100% inspection rate, and several national certifications — including National Key New Products (2007, 2008, 2012) and National Torch Program Projects (2005, 2011). The company has also played a leading role in drafting four national industry standards, including JB/T 10189-2023 for constant velocity joints. GSP's growth strategy evolved from a single-product focus to a full undercar parts ecosystem, including: Drive Shafts Hub Assemblies Shock Absorbers Rubber-to-Metal Components Steering & Suspension Parts Through its AM + OE hybrid development model, GSP offers a one-stop solution with multi-category engineering integration and full-vehicle coverage. The company's global operations — available in 11 languages — are powered by a dual commitment to Global Technical Excellence and Localized Precision Execution, enabling consistent quality and agile service across 120 countries. With over 95% application coverage of mainstream vehicle models, GSP delivers OE-level quality and end-to-end service, including design, smart manufacturing, and after-sales support. This precision-engineered component not only represents unmatched production capability, but also GSP's vision to fuel customer growth through innovation, reliability, and unmatched service. About GSP Automotive Group: GSP Automotive Group is a global leader in the design, manufacturing, and distribution of automotive driveline components, including CV axles, hub assemblies, loaded struts, and suspension solutions. With over 40 years of innovation and a commitment to quality-driven performance, GSP serves OEM and aftermarket customers across more than 120 countries. GSP combines advanced engineering, IATF-certified production, and a global supply chain to deliver trusted undercar solutions worldwide.
A12 藝術空間
Transportation/Trucking/Railroad
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