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SHENZHEN, China, April 14, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies, today announced that it plans to assemble a specialized task force to investigate the alleged illegal trading targeting its stock. The Company believes that certain individuals or entities have participated in unauthorized sales of a substantial volume of its shares without securing proper delivery, in violation of the law. This illicit activity seems to be part of a market manipulation scheme designed to artificially depress the value of Addentax's securities. In response to these concerns, Addentax is proactively evaluating potential actions, which may include engaging experts with a proven track record in detecting potential fraud, insider trading, and market manipulation related to short-selling activities. Short selling, a legitimate investment practice, entails an investor borrowing shares from another party and selling them with the intention of repurchasing them at a lower price to make a profit. Conversely, naked short selling, the act of selling shares without first borrowing them, is strictly prohibited under the Securities and Exchange Commission rules. By engaging in repeated instances of naked short selling, malicious actors can accumulate significant profits and manipulate a stock's price downward, potentially driving a company towards insolvency. In this situation, all equity is eliminated, and the naked shorts are no longer required to cover their positions. Addentax remains steadfast in its commitment to conducting a thorough investigation of this matter and will take decisive action to pursue all available legal remedies. About Addentax Group Corp. Addentax Group Corp. is an integrated service provider focusing on garment manufacturing, logistics service, property management and subleasing, and epidemic prevention supplies. Its garment manufacturing business consists of sales made principally to wholesaler located in China. The logistics business consists of delivery and courier services covering 79 cities in seven provinces and two municipalities in China. The property management and subleasing business provides shops subleasing and property management services for garment wholesalers and retailers in garment market. The epidemic prevention supplies business consists of manufacturing and distribution of epidemic prevention products and resale of epidemic prevention supplies purchased from third parties in both domestic and overseas markets. For more information, visit the Company's website at https://www.addentax.com/. Safe Harbor Statement All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur. Company Contact: Addentax Group CorpPhone: + (86) 755 86961 405 Investor Relations Contact:"Sherry ZhengWeitian Group LLC1-718-213-7386Shunyu.zheng@weitian-ir.com
PALO ALTO, Calif., April 14, 2023 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI) today officially releases the latest automotive-grade, ultra-thin long-range lidar ET25. ET stands for "Extremely Thin". Named after its height, ET25 is only 25 mm tall and extremely light. As an in-cabin lidar specially designed to be placed behind the windshield, ET25 provides automakers with more possibilities for automotive applications. Hesai Releases Ultra-Thin Long-Range Lidar ET25 Lidar provides high-precision 3D perception for smart cars. It effectively compliments cameras, providing higher safety redundancy. Lidar is a key perception hardware enabling L2+ and L3 ADAS applications. Automakers require lidar placement to consider both function and aesthetics. ET25 is designed to be placed behind the windshield, which enables a sleeker design without affecting aerodynamics or acceleration performance. Dust and rain can block the lidar's FOV, but the unique in-cabin design allows for quick cleaning via windshield wipers. This ensures that the visibility of lidar is maintained in different scenarios. ET25 comes with state-of-the-art features to achieve its unique in-cabin design. Thin, but Powerful ET25 is about half the height of AT128, yet offers even higher performance. With 120° (H) x 25° (V) FOV, its detection range can reach 250 meters without the windshield, and 225 meters behind the windshield[1]. Its point frequency exceeds 3 million points per second. With a minimum resolution of only 0.05° x 0.05°, ET25 brings ultra-high resolution and long-range 3D perception to smart cars. ET25's ultra-thin form factor and improved performance comes from Hesai's proprietary technology. The upgraded laser receivers increase ET25's sensitivity by several folds. As a result, the ranging capability of the 905 nm lidar has also increased to over 250 meters (for objects with 10% reflectivity), helping smart cars to assess risks promptly and make safer decisions in complex road conditions. Why is it critical for in-cabin lidar to be thin? All sensors integrated in-cabin require some space between the sensor and windshield. The space is called the optical Keep Out Zone (KOZ). The thicker the sensor, the more KOZ it needs. For example, the ET25 with a thickness of 25 mm has less than half the KOZ compared to other long-range lidars with a thickness of 45 mm. Since the sensor bracket is placed above the driver, a smaller KOZ takes less in-cabin space and reduces the impact on the driver's vision. Therefore, only a lidar as thin as the ET25 can ensure safety when installed behind the windshield, bringing wider field of view and more in-cabin space. Low Power for Better Thermal Performance The in-cabin air does not circulate well while driving, especially in high-temperature weather. After exposure to sunlight, the rearview mirror tends to become very hot, creating a major challenge for the in-cabin lidar. If the power of the lidar is too high, it can not be placed in the cabin due to serious overheating problems. ET25 has excellent thermal performance with only 12 W of power consumption. Even in the hot summer, it can work continuously while maintaining high-performance operation. In addition, selecting sensors with lower power consumption will save a car's battery life. Low Noise for A More Comfortable Ride Noise, vibration, and harshness (NVH) are essential indicators of car quality. High-end and luxurious models need a higher NVH rating performance. Therefore, in-cabin installations of lidar have higher NVH requirements. The noise level of ET25 is less than 25 dB, which is even lower than the noise level in a quiet library. It fully meets the NVH requirements for luxury electric vehicle brands[2] and provides an "immersive" driving experience. Windshield Glass Plays A Key Role Another key factor is the particular windshield used for the ET25 integration. Normally, when near-infrared laser light emitted by the lidar encounters traditional car glass, it causes signal attenuation, which lowers the maximum range and resolution. Therefore, integrating the lidar with other devices behind a normal windshield, such as cameras and rain sensors, poses a great challenge. On the ET25 release date, Hesai officially announced a joint strategic cooperation with Fuyao Group to promote the release of ET25 ADAS solution. Founded in 1987, Fuyao Group is China's largest automotive glass supplier with leading R&D and production capability. Fuyao's customized front windshield optimized infrared light transmittance, solving the signal attenuation problem caused by ordinary glass. Using Fuyao's near-infrared anti-reflection glass in lidar's KOZ ensures the performance of the lidar behind the windshield, and leaves the point cloud effect "uncompromised". ET25 Real Point Cloud [3] Furthermore, Fuyao's industry-leading windshield integration design capability and accumulated experience enabled the perfect integration between ET25 and the existing ADAS systems. Together, Hesai and Fuyao will jointly promote the mass production of in-cabin lidar and bring innovative solutions to global users. Hesai Continues to Lead the Global Lidar Market ET25 is extremely thin while maintaining its high performance. It is another breakthrough for Hesai, following the fully solid-state lidar FT120 designed for ADAS series production vehicles. In 2022, Hesai's annual revenue and delivery volume exceeded the combined sum of the eight lidar companies listed on the US stock market[4]. Hesai's AT128 has already won over several million units of expected volume from 11 leading OEMs and tech companies including Li Auto, Jidu, HiPhi, Lotus, Changan, and SAIC. Beginning mass production and delivery in July 2022, AT128 has empowered Li L9, L8 Max, L7 Max, Hiphi Z, Lotus Eletre, and various other car models. Hesai will continue to empower smart cars with high-performance and reliable lidar products, bringing a safer and more intelligent driving experience. About Hesai Hesai Technology (NASDAQ:HSAI) is the global leader in three-dimensional light detection and ranging (LiDAR) solutions. The company's lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. As of December 31, 2022, Hesai has shipped over 100,000 lidar units. Hesai's commercially validated solutions are backed by superior research and development capabilities across optics, mechanics, electronics, and software. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality, and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 90 cities in 40 countries. [1] When using a customized windshield with a transmittance of more than 85% and taking the value in the middle area of the FOV. The parameters of the mass-produced version may change, making it customizable as needed. [2] The noise value in the cabin of a luxury brand passenger electric vehicle is generally 40 - 50 dB(A). [3] The point clouds are from sample product and does not represent the SOP version's point cloud quality. [4] Data collected from public financial reports: eight U.S. publicly listed peers are Velodyne, Ouster, Luminar, Cepton, Innoviz, Aeva, Quanergy, Aeye. On Nov.8th 2022, Quanergy confirmed delisting. On Feb.10th 2023, Ouster and Velodyne completed merger.
CHANGSHA, China, April 14, 2023 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") is supporting Earth Day 2023 with innovative actions for the planet. Known as "Team Green" for its sustainable products and prominent green product color, Zoomlion has accelerated the development of new energy technologies and products following the integrated roadmap of digital, intelligent, and green strategies. Earth Day 2023: Zoomlion Accents on Building a Sustainable Future with Innovation and Intelligence Themed "Invest In Our Planet," this year's Earth Day highlights the importance of dedicating time, resources, and energy to tackling climate change and other environmental challenges. Zoomlion is committed to protecting the earth through green and sustainable R&D, manufacturing and product strategies. Green strategies for a greener future: innovation-driven R&D, new energy breakthroughs, and green manufacturing In 2022, Zoomlion launched 127 new products and carried out 330 core technology research projects and studies, nearly 77 percent of which were centered in the digital, intelligent, and green development fields. Leveraging its technological capabilities in single-machine intelligence, man-machine coordination, and machine cluster collaboration, Zoomlion launched the industry's first intelligent construction packaged solution in December 2022 which achieves full-process unmanned operation in digital close-loop and intelligent construction. Zoomlion is leading the industry's new energy development with pioneering products, and it is expanding its new energy product portfolio, promoting the hydrogen energy industry chain from production to application, and achieving breakthroughs in developing pure electric, hybrid and hydrogen energy products. Zoomlion has launched numerous world-first products, including the 27-meter pure electric spider lift, 220-ton hybrid all-terrain crane, 40-ton pure electric rough terrain wheeled crane, crawler crane with distributed electric drive, and the world's largest 125-ton non-road wide-body dump truck with hydrogen fuel cells. To date, Zoomlion has released more than 100 new energy products (pure electric, hybrid, hydrogen fuel) covering categories including concrete pump truck and mixers, truck cranes, aerial work platforms, excavators, mining trucks, forklifts, emergency vehicles and agricultural machinery. Zoomlion is also accelerating green manufacturing and adopting measures to improve material utilization rates, production efficiency, energy efficiency, and clean emission rates, while reducing the unit consumption of materials such as steel, welding wire, paint, natural gas, and diesel for testing. It's imperative to invest in our planet and protect our home, it is the best path towards building a prosperous future. Zoomlion believes that when Investing In Our Planet together, we are also supporting to build healthy, happy, and wealthy communities.
BEIJING, April 14, 2023 /PRNewswire/ -- April 11th to 14th, FOTON Global Partners Conference 2023 with the theme "TOGETHER WIN FUTURE" was held in Beijing, China. More than 110 core distributors from 23 countries around the world attended the event, which aimed to unite global strategic development directions and share the achievements of globalization. On the 12th, FOTON MEGA SHOW was grandly opened with more than 100 commercial vehicle categories covering all series of commercial vehicles combination into a "W" type, covering fuel, hybrid, electricity and hydrogen fuel routes. It implies FOTON and global partners "win-win" development. In fact, FOTON has established a "SuperPowerTrain" with Foton Cummins, Foton ZF, CATL and etc., to enable fuel and new energy product upgrades. In fact, FOTON has achieved a leadership in Southeast Asia, Latin America and etc., ranked second in truck sales for 3 consecutive years and holds the market share in AMT heavy-duty trucks in Colombia, became the best-selling for three consecutive years In the Philippines for 7.5-ton light-duty truck model. On the 13th, FOTON held the delivery ceremony of all-new pickup TUNLAND V to Mexico, which is also FOTON's 11 millionth vehicle. TUNLAND V is a high-performance pickup with hybrid power and a suspension structure of front double-wishbone and rear multi-link that meets the demands of strong off-road, high load-bearing capacity while maintaining luxurious driving comfort. As the first to reach 10 million global sales in 2021 in the shortest time only 25 years, FOTON is empowering its full range of commercial vehicle products with its "ICE+BEV" dual-line strategy. Its new energy products including electric light trucks, VANS and buses have passed the WVTA EU certification, expanding into European countries such as Italy, Poland, and Spain. With over 1,400 electric buses delivery in Chile, FOTON has become the brand with the highest market share of electric buses in the Latin America. FOTON's overseas IOV system was officially launched, providing functions of fleet management, location services, fuel consumption analysis, three-electricity analysis and TCO management for both fuel new energy products. The system will be first applied in Singapore, Chile, Australia, and New Zealand. With over 2.26 million connected vehicles, FOTON will empower global users' business value. By accelerating the development through "platform + modular" strategies, driving the global commercial vehicle business development with an "ICE+BEV" dual-line strategy, FOTON is driving the growth of global users' value.
BEIJING, April 14, 2023 /PRNewswire/ -- April 11th to 14th, Foton Global Partners Conference 2023 with the theme "TOGETHER WIN FUTURE" was held in Beijing, China. More than 110 core distributors from 23 countries around the world attended the event, which aimed to unite global strategic development directions and share the achievements of globalization. On April 12th, FOTON MEGA SHOW was grandly opened with more than 100 commercial vehicle categories covering all series of commercial vehicles combination into a "W" type, covering fuel, hybrid, electricity and hydrogen fuel routes. It implies FOTON and global partners "win-win" development. FOTON has upgraded its value chain with an intelligent manufacturing system and technology quality control standards. The company has joint ventures with Cummins and ZF, Maintaining strategic partnership with CATL to enable fuel and new energy product upgrades, establishing a "SuperPowerTrain" worldwide. FOTON has achieved breakthroughs and leadership in core business in Southeast Asia, Latin America, and other regions. In Colombia, FOTON has been ranked second in truck sales for three consecutive years and holds the market share in AMT heavy-duty trucks. In the Philippines, FOTON's 7.5-ton light-duty truck model has been the best-selling for three consecutive years. FOTON has always adhered to a strategic development path of "ICE+BEV" dual-line development. As early as 2003, FOTON initiated the research and development of new energy vehicle technology, independently researching and mastering the core "three-electric" technologies with multi-route development of new energy technologies such as pure electric, hybrid, and hydrogen fuel cells. In recent years, under the global trend of "decarbonization," FOTON has entered the global market with its new energy products in China, where the competition is the most intense. The company's pure electric light-duty trucks, vans, and buses have passed the EU WVTA certification and are now "driving into" Italy, Poland, Spain, and other European countries. At the same time, FOTON's electric development projects with European light commercial vehicle leaders are also underway, and its European business is speeding up comprehensively. FOTON had delivered more than 1,400 pure electric buses in Latin America, becoming the brand with the highest market share of e-buses in the region. In markets such as Malta, Mexico, Australia, New Zealand, India, and Egypt, FOTON's electric and hydrogen fuel cell buses have also achieved commercial operations in core scenes such as public transportation systems and international airports.
BEIJING, April 14, 2023 /PRNewswire/ -- April 11th to 14th, Foton Global Partners Conference 2023 with the theme "TOGETHER WIN FUTURE" was held in Beijing China. More than 110 core distributors from 23 countries attended the event. At the main conference on the 13th, FOTON held the delivery ceremony of the global 11 millionth vehicle. In fact, FOTON surpassed 10 million global sales in 2021, becoming the first to reach this mark in the shortest time, only 25 years. In the past two years, amid a global economic downturn, FOTON "ICE+BEV" dual-line strategy has begun to show results. FOTON's new energy technology reserve is powering the enhancement of its entire product line as demonstrated by the release of its new product. TUNLAND V's power system includes hybrid, electric, and extended-range electric systems, with a chassis structure that adopts a front double-wishbone and a rear multi-link high-performance chassis, TUNLAND V can meet demands of strong off-road, high load-carrying, intelligence, and luxury car-level comfort. Regarding fuel-powered vehicles by a competitive advantage of "SuperPowerTrain" core power chain with Foton Cummins, Foton ZF and leading global component suppliers, FOTON has achieved overall surpassing and leading in Southeast Asia and Latin America. In Colombia, FOTON has ranked second in the truck market for 3 consecutive years and has the highest market share for heavy-duty AMT products, while in the Philippines, FOTON has been the top-selling 7.5-ton light truck model for three consecutive years. In terms of new energy, FOTON is the first company to commercialize hydrogen fuel cell and electric products since 2003. It successfully served the 2008 and 2022 Olympic Games. Now FOTON new energy products have passed the EU WVTA certification and are fully entering Italy, Poland, Spain, and other European countries. In 2022, FOTON had delivered more than 1,400 electric buses in Latin America, becoming the brand with the highest market share of e-buses in the region. In markets such as Malta, Mexico, Australia, New Zealand, India, and Egypt, FOTON have also achieved commercial operations. FOTON's overseas IOV system was officially launched, providing functions of fleet management, location services, fuel consumption analysis, three-electricity analysis and TCO management for both fuel new energy products. The system will be first applied in Singapore, Chile, Australia, and New Zealand. With over 2.26 million connected vehicles, FOTON will empower global users' business value.
A12 藝術空間
Transportation/Trucking/Railroad
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