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BEIJING, Jan. 16, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced its charging network has successfully expanded to 360 cities in China as of year-end 2024. This represents over 50% city coverage compared to a total city count of 694 in accordance with National Bureau of Statistics of China (NBS) for year 2023. Among 360 cities NAAS covered, approximately 170 of them increased charging volume through NaaS platform by more than 50% in 2024 compared to 2023. NAAS achieved this new benchmark through robust growth in both supply-side infrastructure and demand-side partnerships: On the supply side, as of September 30, 2024, NaaS had connected nearly 1.15 million chargers to its charging network, accounting for approximately 35%[1] of China's total public charging infrastructure. This critical momentum is a result of NaaS' business strategy focus on core charging services as announced last year and its long-term mission in advancing the sustainable energy transition. On the demand side, NaaS has expanded its user base through strategic collaborations with major automotive OEM brands. Partnerships with BYD's sub-brands (Dynasty, Ocean, and Fang Cheng Bao), as well as leading players such as NETA, IM Motors, Hongqi, and FAW-Volkswagen, have ensured that electric vehicle (EV) drivers can easily, quickly and reliably access chargers anywhere and at any time. Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "We are proud of our dedicated pursuit of the strategic initiatives in advancing the EV charging ecosystem. Our supply-side infrastructure connection powered by AI technologies and NaaS Energy Fintech system is ready to deliver top-tier EV charging solutions for our users. Looking ahead, NaaS remains committed to advancing interconnectivity for vehicles of all types and sizes, as well as spearheading innovation in China's rapidly growing EV charging market. By bridging the gap between supply and demand, NaaS is setting new standards for operational excellence, leading partnership win-wins, and empowering EV users to embrace a sustainable future." Mr. Steven Sim, Chief Financial Officer of NaaS, added, "Our strategic investment in the supply-side capabilities and technological advancements for our core charging services have consistently enhanced our financial performance, culminating in a record high gross margin of 57% for the most recent quarter ended September 30, 2024. As we continue to optimize, adapt and scale our charging business to fulfill the demand of the ever-expanding EV drivers, we are confident in further delivering the required energy performance to the EV charging community." [1] According to data from the China Electric Vehicle Charging Infrastructure Promotion Alliance, China had 3.33 million public chargers as of September 30, 2024, up from 2.73 million at the end of 2023. About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets' lifecycle and facilitating energy transition. Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any 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 its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC. For investor and media inquiries, please contact: Investor RelationsNaaS Technology Inc.E-mail: ir@enaas.comMedia inquiries:E-mail: pr@enaas.com
JLR will supercharge next-generation vehicle connectivity with Tata Communications MOVE™ Drivers to remain connected from the remotest locations in 120 countries, with real-time vehicle location services, smarter driving experiences and increased software over-the-air (SOTA) updates Partnership is part of JLR's wider innovation strategy to establish universal connectivity for its vehicles and deliver continuously evolving AI-driven digital features and services for its customers MUMBAI, India, Jan. 16, 2025 /PRNewswire/ -- JLR and Tata Communications are set to enhance JLR's connected vehicle ecosystem, transforming the driving experience for customers worldwide through the Tata Communications MOVE™ platform. The collaboration will empower JLR's next-generation software-defined vehicles with continuous connectivity and access to intelligent services even in the remotest locations across 120 countries. The latest collaboration is an extension of their existing partnership to future-proof the carmaker's digital transformation. Image depicts a JLR car Leveraging Tata Communications MOVE™ platform, JLR's upcoming medium-sized SUVs built on the new Electric Modular Architecture (EMA) will seamlessly transition between mobile networks and operators, enabling non-stop access to personalised connected services, such as media streaming. The platform will also enable greater and more secure data exchange between JLR and its customers' vehicles, delivering more efficient software over-the-air (SOTA) updates and supporting the rollout of evolving advanced driver assistance systems (ADAS). Every day, JLR's fleet of connected vehicles generates 2.5 terabytes (TB) of data, with half a million electronic control units (ECUs) updated per month on average over the last 12 months. The use of Tata Communications MOVE™ platform will increase this data exchange and enable JLR engineers to harness deeper insights, monitor vehicle performance in real-time, and enable more prompt updates over the air to improve vehicle maintenance and servicing, reducing costs for the car owners and JLR. The advanced vehicles, expected to hit the roads in 2026, will deliver a smarter and more intelligent driving experience. The introduction of the Tata Communications MOVE™ will offer JLR customers: Resilient wireless communication technologies to help track vehicles in the most demanding environments Increased and more frequent vehicle software updates delivered over the air to improve vehicle diagnostics and updates Tailored connections will keep customers and their families connected to their preferred applications and vehicle features, wherever they are in the world Simplified and effortless connectivity plans, accessible via a single provider Marco Bijvelds, Vice President and Global Head of Tata Communications MOVE™, said: "The automotive industry is continually innovating to meet ever-changing customer demands. Last year, our digital fabric enabled seamless connectivity across all JLR's production sites globally. As part of our extended partnership, we're now powering JLR's software-defined vehicle journey worldwide and enabling them to deliver advanced driving features in their cars. The insights derived from the data exchanged through our platform will enable JLR to offer personalised customer experiences, opening doors for new revenue streams." Mark Brogden, Director of Digital Product Platform Off-Board at JLR, said: "JLR was the first luxury vehicle manufacturer to introduce dual modem, dual eSIM design for enhanced connectivity with the launch of Defender in 2020. The partnership with Tata Communications is the next step in our software-defined vehicle journey, offering highly secure and cost-effective data connectivity across 120 countries. Starting in 2026 with our next generation of medium-size luxury SUVs, Tata Communications MOVE™ aims to deliver continuous connected experiences for our clients, offering features and new software updates over-the-air to meet the expectations of our luxury client base.'' Tata Communications Media Contacts : Judhajit Basujudhajit.basu@tatacommunications.com Aastha Singhaastha.singh2@tatacommunications.com JLR Media Contacts : David Wrottesleydwrottes@jaguarlandrover.com Francis Robertson Marriottfrobert4@jaguarlandrover.com About JLR JLR's Reimagine strategy is delivering a sustainability-rich vision of modern luxury by design. We are transforming our business with the aim to become carbon net zero across our supply chain, products, and operations by 2039. We have set a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science-based targets. Electrification is central to this strategy and before the end of the decade our Range Rover, Discovery, Defender collections will each have a pure electric model, while Jaguar will be entirely electric. At heart we are a British company, with two design and engineering sites, three vehicle manufacturing facilities, an engine manufacturing centre, and a battery assembly centre in the UK. We also have vehicle plants in China (joint venture), Slovakia, India, and Brazil, as well as seven technology hubs across the globe. JLR is a wholly owned subsidiary of Tata Motors Limited, part of Tata Sons. About Tata Communications A part of the Tata Group, Tata Communications (NSE: TATACOMM) (BSE: 500483) is a global digital ecosystem enabler powering today's fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world's cloud giants. For more information, please visit www.tatacommunications.com Forward-looking and cautionary statements Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications Limited's Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements. © 2025 Tata Communications Ltd. All rights reserved. TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.
Enhancing 3D Data Processing Efficiency to Propel Next-Generation Algorithm Development of 3D Perception Network SEOUL, South Korea, Jan. 16, 2025 /PRNewswire/ -- STRADVISION, a leader in deep learning-based vision perception technology, today announced the successful deployment of its Data Management Workflow. This advanced system is designed to support the development and mass production of the SVNet 3D Perception Network and was showcased to customers at CES® 2025. STRADVISION's Data Management Workflow Model to Accelerate Mass Production of 'SVNet 3D Perception Network' The Data Management Workflow developed by STRADVISION integrates end-to-end automation and optimization, spanning data collection, processing, labeling, and cost settlement. By transitioning these processes to a cloud infrastructure, the workflow achieves significant advancements in data quality, operational efficiency, and cost reduction. With the growing demand for 3D data processing—critical for autonomous driving and advanced driver assistance systems (ADAS)— STRADVISION has expanded its focus from 2D vision-centered data to 3D data, including LiDAR and multi-camera datasets. This shift necessitated an innovative, automated solution capable of handling large-scale data efficiently while improving data labeling quality and minimizing costs. To meet these challenges, STRADVISION developed its Data Management Workflow, featuring: High-quality data collection with SURF: Leveraging the STRADVISION Unified Recording Framework (SURF), this system integrates diverse sensor data to maximize data quality. Automated data pipeline: With a scalable architecture based on Kubernetes clusters and Airflow, the data pipeline optimizes computing server resources for high-performance algorithms and automates data processing, enabling efficient handling of large-scale data. Web-based labeling tool (Labelit): Supports labeling interfaces for multi-channel cameras and 3D data, enabling the labeling of various ADAS products within a single tool. By leveraging high-quality pre-labeling results from ALT (Auto Labeling Tool) and real-time corrections provided by ALAS (Auto Labeling Assistant Service), it maximizes efficiency, offers accurate workflow guidance, reduces error rates, and enhances data quality. Settlement and analysis automation: Employing Workload Logging Service (WLS) and Workload Replay Service (WRS) to automate task analysis and cost management of labeling, driving operational efficiency. Internally, this innovative workflow enables STRADVISION to accelerate data processing and quality assurance. Externally, it empowers customers by delivering high-quality data quickly, supporting their technology development and performance optimization efforts. Recent collaborations have highlighted STRADVISION's expertise in data processing and technological leadership. For example, its Auto Labeling Assistant Service(ALAS) and Deskewing(motion compensation for LiDAR and video data) solutions received high customer praise, reinforcing its position as a trusted partner in the industry. "This Data Management Workflow represents more than just operational efficiency; it is a critical enabler for the commercialization of autonomous driving technology," said Junhwan Kim, CEO of STRADVISION. "We are committed to driving innovation and strengthening our global leadership through close collaboration with our customers." For more information on STRADVISION and its industry-leading technologies, please visit STRADVISION. About STRADVISION Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION's SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan's 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX's AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.
SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ -- Mfive, a supplier specializing in road studs, is attracting attention in domestic and international markets for its excellent technology and products for road safety. Mfive is leading the way in enhancing the safety of drivers and pedestrians by developing road studs that operate reliably in various climates and environments. Road studs are essential road safety facilities that play an important role in reducing traffic accident rates by guiding drivers and clearly defining road boundaries, even at night and in bad weather. Mfive's road studs generate electricity using solar energy and store it on their own, and their LED lamps automatically light up when dark. They are easy to install and maintain as they do not require electrical wiring, and they boast excellent visibility, strong durability, and corrosion resistance regardless of distance and structure. In particular, they are receiving positive reviews from road management agencies as they can operate stably for 7 to 8 years without battery replacement, reducing maintenance costs. In addition, they have been recognized as an Excellent Product by the Korea Public Procurement Service, further strengthening Mfive's position in the domestic road safety market. Mfive's road studs perform particularly well in areas with heavy rainfall. While existing road studs may experience malfunction problems due to moisture and water, Mfive's road studs feature maximum waterproofness and durability, ensuring stable operation. They have excellent visibility so they are bright and clear even on rain days, and they clearly define road boundaries for drivers, greatly improving safety. In 2018, Mfive exported its Road Stud Hybrid MAS-8 to the Philippines and installed them in Dumaguete and dormitory towns located in Angeles. The Philippines is a tropical country with frequent rainfall and Mfive's product was able to prove its outstanding performance by operating stably in such environment. This served as an opportunity to promote Mfive's technology to the global market and is expected to serve as a stepping stone for advancing into overseas markets including Southeast Asia. Mfive plans to continue improving product quality and developing innovative products for road safety. Based on its technological prowess and quality, Mfive is expected to establish itself as a road safety brand recognized not only in Korea but also in the global market. http://www.mfive.co.kr
TOKYO, Jan. 15, 2025 /PRNewswire/ -- Nippon Express (China) Co., Ltd. (hereinafter "NX China") and Nippon Express (Shanghai) Co., Ltd. (hereinafter "NX Shanghai"), both group companies of NIPPON EXPRESS HOLDINGS, INC., held a scholarship award ceremony at Shanghai Maritime University on Friday, December 13, 2024. NX logo: https://kyodonewsprwire.jp/img/202501092637-O2-CK403aC8 Image: https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202501092637/_prw_PI1fl_k6uC8aP9.jpg Founded in 1912, Shanghai Maritime University (SMU) is one of China's leading maritime universities in the development of forwarding management personnel, having been the first Chinese university to establish departments in transportation-related fields (transportation, shipping management, logistics management and transport engineering). NX China and NX Shanghai established a scholarship fund in January 2016 and concluded a memorandum of understanding with SMU to provide scholarships over a period of 10 years. This year was the ninth in which these scholarships were offered, and 10 SMU students selected as scholarship recipients attended the award ceremony. NX Shanghai President Toru Naono presented scholarship certificates to the students at the ceremony on behalf of the NX Group, after which a representative of the recipients handed Naono a bouquet of flowers with words of appreciation to the NX Group. The NX Group remains positively committed to undertaking social contribution activities to help develop human resources capable of playing active roles in the logistics industry. About the NX Group: https://kyodonewsprwire.jp/attach/202501092637-O1-8YsJLS0M.pdf NX Group official website: https://www.nipponexpress.com/ NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
Capitalizes on Company's APAC Growth Momentum CHANGSHU, China, Jan. 15, 2025 /PRNewswire/ -- Nexteer Automotive today announced the grand opening of its new facility in Changshu, Jiangsu Province, China, as a strategic expansion of its advanced steering systems manufacturing and testing capabilities. This expansion positions Nexteer to further capitalize on growth momentum in APAC and meet increasing demand for advanced Electric Power Steering technologies from global and domestic automakers. NEXTEER’S FACILITY GRAND OPENING IN CHANGSHU, CHINA Nexteer's Changshu Campus, spans approximately 137 acres and features state-of-the-art automated production lines, advanced testing and validation laboratories, plus test tracks featuring various road surfaces and environmental conditions. In addition to increased production and validation capacity, Nexteer's Changshu grand opening also officially marks expanded production of Dual-Pinion Electric Power Steering systems (DPEPS), including Nexteer's mPEPS, an innovative modular approach that leverages existing building blocks for affordable, fast-to-market, flexible and scalable steering systems – while maintaining safety and performance excellence. "The opening of Nexteer's Changshu Campus is an important step in capitalizing on our growth momentum in APAC and globally. This new facility will greatly enhance our production and validation throughput, efficiency, competitiveness and customer responsiveness," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer, CSO and Executive Board Director of Nexteer Automotive. APAC's automotive market is quickly evolving alongside megatrends such as electrification, connectivity, software-defined vehicles and more. Consequently, our customers' need for the most advanced motion control solutions that are affordable, fast-to-market and flexible – also continues to grow and become more complex. "Nexteer's expansion in Changshu strengthens our APAC market position and supports economic development via technological and industrial transformation. This not only aligns with the high-end, intelligent and green development direction of the manufacturing industry advocated by China's New Quality Productive Forces, but also supports Nexteer's vision to be the leading motion control technology company accelerating mobility to be safe, green and exciting," said, Jun Li, Global Vice President & APAC Division President of Nexteer Automotive. Nexteer's Changshu facility grand opening is one element of an overall strategy that balances a global footprint of manufacturing, technical centers and customer service centers to support more than 60 vehicle manufacturers globally. The company's footprint spans five continents, with regional production and technology centers located in close proximity to OEM customers and digitally connected globally for optimal efficiency and collaboration across time zones and technical specialties. ABOUT NEXTEER AUTOMOTIVE Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative product and technology portfolio includes electric and hydraulic power steering systems, steer-by-wire systems, steering columns and intermediate shafts, driveline systems and software solutions. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for more than 60 customers around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com Press Kit Link to Images
A12 藝術空間
Transportation/Trucking/Railroad
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