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NEW YORK, Feb. 19, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has secured significant new contracts with China Pacific Insurance Company's (CPIC) Zhejiang and Jiangsu provincial branches. These agreements establish SunCar as the primary car wash and detailing service provider for CPIC's customers in these regions. The expansion brings SunCar's total CPIC provincial partnerships to ten major regions, including Shanghai, Guangdong, and other economically vital areas. The Company has set a target to double its CPIC coverage to 20 provinces by year-end 2025. With these new partnerships, SunCar is providing to CPIC customers premium services including: EV charging infrastructure Chauffeur and concierge services Airport VIP transportation Digital service vouchers "These contracts with CPIC's Zhejiang and Jiangsu branches demonstrate our dominance in China's automotive services sector," said Ye Zaichang, Chairman and CEO of SunCar. "By combining our technology platform with CPIC's massive customer base, we're continuing to build the most comprehensive auto service network in China." About SunCar Technology Group Inc. Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. Contact Information: SunCar:Investor Relations: Ms. Hui JiangEmail: IR@suncartech.comLegal: Ms. Li ChenEmail: chenli@suncartech.com U.S. Investor RelationsMatthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
Software and private wireless networks to see rising investment to underpin advanced technology deployments NEW YORK, Feb. 19, 2025 /PRNewswire/ -- Investment in both new and existing software packages to optimize warehouse operations will expand through 2025. According to global technology intelligence firm ABI Research, Warehouse Management System (WMS) revenues will surpass US$5 billion by next year and surpass US$10 billion by 2030. "The continued rise in investment in what is a well-established technology will largely be driven by the introduction of advanced planning and analysis capabilities, as well as the increasing numbers of connected devices and machines requiring orchestration in the warehouse. Companies will need to take their WMSs beyond simple planning tools and leverage advanced systems that better manage both manual and automated execution," explains Ryan Wiggin, Supply Chain Management & Logistics Industry Analyst at ABI Research. According to the latest financial reports, leading providers of supply chain software tools, including WMSs, all saw double digit revenue growth through 2024. SAP, Kinaxis, Infor, Manhattan Associates, and Blue Yonder have all reported consistent growth, with a large portion of this attributed to Software-as-a-Service (SaaS) offerings and a shift to advanced cloud-native solutions. Ensuring data transfer and orchestrating more advanced picking processes is also leading to a rise in investment in private wireless networks within warehouses, such as private 5G. ABI Research estimates that the global market for private wireless networks in warehousing has the potential to grow to US$6 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 89.2%, with both established providers including Nokia and Ericsson, as well as emerging providers such as Firecell leading deployments. "Advanced private wireless networks must be a foundation step for industry 4.0 investment strategies in warehousing. Lower latency, stronger connectivity, and more real-time data transfer are a necessity for advanced software solutions to work to their best ability and ensure the introduction of more automated systems is supported. Companies looking to take their warehouse picking processes to the next level must take a holistic approach and blend multiple technologies to maximize ROI," concludes Wiggin. These findings are from ABI Research's Smart Warehousing market data report. This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah PetraraTel: +1.516.624.2558pr@abiresearch.com
Participating in the DVN Lighting Workshop in Munich on February 19 and 20 Showcasing Nexlide, a new product featuring unique 'Edge' and 'Vision' technologies Hosting a roadshow for major European clients, gearing up to target European markets SEOUL, South Korea, Feb. 19, 2025 /PRNewswire/ -- LG Innotek (CEO Moon Hyuksoo) announced on February 19 that it will participate in the 34th Lighting Workshop organized by Driving Vision News(DVN) to showcase its innovative automotive lighting technology. LG Innotek employees demonstrate Nexlide Vision. The product integrates Pixel Lighting, which enables various text and animation effects, and Smart Film technologies. Headquartered in France, DVN is a leading publication and academic organization in the automotive components industry. It hosts annual Lighting Workshops worldwide, which are renowned as a platform for exchange that brings together global leaders in vehicle OEMs and electronic components to discuss key issues of the automotive lighting industry and share insights on technology trends. This year's first DVN Lighting Workshop will take place on February 19 and 20 at Motorworld Munich, Germany. Various seminar sessions will be held over two days under the theme of 'Next Challenges: Sustainability, Development Speed Acceleration, and Software.' LG Innotek will participate in the session titled 'Innovative Technology - Light Source' on the afternoon of February 19, where it will introduce the innovative technologies that the company has applied to Nexlide, a flexible stereoscopic automotive lighting module. The company holds more than 700 patents related to surface light sources (a light source with a surface with uniform illumination and no thickness). This technology enables the creation of automotive lighting modules that are thinner but emit light more evenly and brightly, enhancing automotive design flexibility for clients. During the workshop, an exhibition will also be held to showcase new next-generation automotive lighting products from participating companies. LG Innotek will install a booth and exhibit its Nexlide lineup, all of which can be applied to the front and rear of vehicles. These include Nexlide A, a rear lamp module that minimizes module thickness while providing bright, even light using LG Innotek's unique micro-optical pattern technology, and Nexlide A+, the industry's first surface light source module for front-end lighting applications. LG Innotek won the Innovation Award for Nexlide A+ at CES 2025. Other highlights of the exhibition include Nexlide C+, which uses 3D lighting technology to create 3D images, and Nexlide M, which can be mounted on both the front and rear of a vehicle and for which orders have been steadily increasing. LG Innotek will also unveil two new Nexlide products: Nexlide Edge, which has been made slimmer by replacing the LED packages with LED chips, and Nexlide Vision, which combines Pixel Lighting and Smart Film technologies to create various text and animation effects. Nexlide Vision will be exhibited through a hands-on demonstration for visitors. Its main feature is its ability to create not only pixels but also lines and planes. Visitors can write messages on a digital pad installed next to the product, and the text will appear on the automotive lights. An LG Innotek representative said, "Our technology is a key technology in the future mobility era as it significantly enhances V2X (vehicle-to-everything) communication using vehicle lamps," and added, "Currently, when a vehicle makes a sudden stop, all the driver can do is activate the hazard lights. Once Nexlide Vision is commercialized, however, vehicles will be able to communicate the driver's situation to the outside world in greater detail, such as the reason for the sudden stop and what kind of help is needed." Following the DVN Lighting Workshop, LG Innotek plans to conduct a roadshow for major European OEM clients, seeking to expand its share of the region's automotive lighting market. The company aims to grow its automotive lighting business into billion-dollar enterprise by 2030. Byaengkuk Yoo, head of LG Innotek's Automotive Components Business Unit, commented, "LG Innotek will continue to introduce automotive lighting module products that deliver exceptional customer value and grow to become a reliable technology partner—in not only North America but also Europe and Japan." LG Innotek employees demonstrate Nexlide Vision. The product integrates Pixel Lighting, which enables various text and animation effects, and Smart Film technologies. An aerial view of LG Innotek’s booth at the DVN Lighting Workshop in Munich on February 19 and 20, 2025.
SHANGHAI, Feb. 19, 2025 /PRNewswire/ -- electronica China 2025 will take place from April 15 to 17, 2025 at the Shanghai New International Expo Centre (SNIEC), in halls W3-W5 and N1-N5. It is expected to attract a total of 1,700 high-quality exhibitors from Chinese and international markets covering 100,000 square meters. The visitor registration is going on heatedly, register now and check out the highlights of the important trade fair for the electronics industry in Asia. Tech Exhibition Areas: Highlighting the Allure of Electronic Technology The venue will feature sections for semiconductors, sensors, power supplies, testing and measurement, passive components, displays, connectors, switches, wiring harnesses and cables, distributors, printed circuit boards, electronic manufacturing services, semiconductor intelligent manufacturing, etc. 1,700 premium enterprises from both Chinese and international markets will join in succession, showcasing their cutting - edge scientific research achievements and industry solutions. Theme Forums: Exploring the Future Development of Technological Innovation This year's exhibition will continue to host multiple themed forums, focusing on popular application markets and rapidly evolving industries such as electric vehicles, automotive electronics, humanoid robot, third-generation semiconductor, embedded system, AI, IoT, energy storage, smart manufacturing, connector, motor drive. Industry leaders, technical experts, and academic researchers from the electronic sector, application domains, and research institutes will be invited to address audience queries, share case studies, and provide cutting-edge technological solutions. Click to register now: https://ec.global-eservice.com/?lang=en&channel=mts For more information, please contact:Chloe Qiu at chloe.qiu@mm-sh.com.
RIZHAO, China, Feb. 19, 2025 /PRNewswire/ -- A news report from chinadaily.com.cn: Rizhao, located in East China's Shandong province, is advancing the high-quality integration of its port, industry, and city, charting a course towards a new paradigm of comprehensive development. Building on its rich maritime heritage and commitment to sustainable growth, Rizhao is entering a transformative phase. By enhancing port capabilities, fostering a robust industrial ecosystem along its shores, and establishing itself as a key gateway for both domestic and international connectivity, Rizhao is expanding opportunities for a thriving port, vibrant industries, and dynamic urban centers. This comprehensive approach is setting the stage for future growth. Strategic support from provincial and municipal authorities underscores the pivotal role of Rizhao and Rizhao Port in national and regional development. Rizhao Port is the only port in China with railway connections spanning 2,000 kilometers directly linked to its port area. The port is leveraging its intermodal train services, shifting from bulk cargo handling to containerized operations. It is pioneering coal and coke intermodal train services that streamline logistics and reduce transportation costs for clients. With the port at its core, industry as its engine, and the city as its foundation, Rizhao is rallying collective efforts to strengthen port development, industrial growth, and urban vitality. By collaborating with various stakeholders, districts, counties, and functional port-city areas, Rizhao Port is actively attracting investment and unlocking the value of shoreline resources. Entities within Shandong Port Group are contributing to the city's evolution, facilitating the deep integration of industrial activities with urban functions, and further expanding opportunities. The integration of port, production, and urban development represents a holistic and long-term endeavor, a cornerstone strategy for propelling Rizhao towards a new era of economic and social advancement. Through dedicated on-site teams and proactive service enhancements by municipal departments, districts, counties, and functional areas, Rizhao is embracing a collaborative approach, fostering mutual engagement, and nurturing a culture of shared progress. Ultimately, the city is poised to enter a new era of integrated development across its port, production, and urban sectors.
SAN JOSE, Calif., Feb. 19, 2025 /PRNewswire/ -- The automotive industry is undergoing a profound transformation driven by technological advancements. As the era of Software-Defined Vehicles (SDVs) emerges, digital features and applications are expanding rapidly, increasing demands for advanced hardware and computational power. With software codebases reaching billions of lines, the industry is rethinking vehicle software and electronic/electrical (E/E) architecture designs. To address these challenges, S2C has collaborated with Arm, Xylon, and ZC Technology to develop an innovative hybrid prototyping solution tailored for future automotive central and zonal E/E architectures. This innovative design integrates S2C's Prodigy Prototyping system, creating a versatile hybrid platform for automotive microcontroller units (MCUs). The platform is designed to reduce development time and mitigate risks with next-generation Arm® Cortex®-R52+-based automotive MCU designs, enabling faster and safer innovation. Revolutionizing Automotive Design: The Rise of Software-Defined Vehicles The shift toward electrification and intelligent vehicles propels the automotive industry toward digitalization and SDVs. Intelligent Connected Vehicles have become a key focus of industry upgrades, driving the evolution of E/E architectures from traditional distributed designs to domain-centric and, eventually, centralized structures. Central to this transformation is the consolidation of Electronic Control Units (ECUs), which now execute multiple system functions through high-performance ECUs. This approach reduces development and production costs while enhancing flexibility and enabling the transition from fixed functions to software-defined features. Major OEMs are embracing this paradigm and optimizing E/E architectures with various topologies. Among the components of automotive electronic systems, MCUs are one of the most critical parts of ECUs. MCUs are responsible for managing and controlling the vehicle's body electronics and safety systems while handling massive amounts of data, making driving decisions, and coordinating the operations of various systems. To meet the demands of complex driving environments and dynamic driving needs, MCUs must feature high-performance processors, ample memory, and diverse interfaces. At the same time, high reliability and stability are essential characteristics of MCUs designed for automotive applications. Automotive-grade MCU architectures must comply with stringent safety standards such as ISO 26262, as even the smallest malfunction could have severe consequences for driving safety. As driving environments grow more complex and safety requirements intensify, enhancing MCU performance has become essential for ECU consolidation strategies. This integration simplifies layouts, reduces hardware complexity, accelerates software updates, and lays a strong foundation for SDVs. A Hybrid Prototyping Solution Tailored for Automotive MCUs Based on this, S2C, in collaboration with Arm, Xylon, and ZC Technology, has developed a hybrid prototyping solution for automotive MCUs based on the Arm architecture. This innovative reference design is tailored for future automotive central and zonal E/E architectures, enabling customers to explore and evaluate new automotive architectures in depth and achieve product differentiation. The hybrid prototyping solution integrates S2C's Prodigy Prototyping system with automotive MCUs to support rapid prototyping for future high-performance ECUs and regional zonal controllers, and achieve real-time performance, with flexible features, and reconfigurable hardware that allows seamless integration with various Arm-based CPUs. Additionally, its peripherals leverage existing automotive MCUs to serve as external communication and networking interfaces. It empowers developers to analyze workloads and develop applications during the transition to E/E architectures. S2C's robust prototyping system, also demonstrates the migration steps, advantages, and supporting resources required to make a simple and seamless transition to the Arm architecture. Through a partnership with Xylon, the hybrid prototyping solution incorporates a high-speed bus interface IP that is fully compatible with automotive MCU chips, enabling seamless expansion of common automotive peripherals. Additionally, ZC Technology has developed an AUTOSAR CP-compliant multi-core real-time operating system and communication protocol stack, along with two powerful tools: the ZC.MuNiu configuration toolchain and the ZC.XuanWu performance monitoring tool. The MuNiu toolchain, based on the AUTOSAR ARTOP architecture, supports communication, diagnostics, network management, and software update protocols for multiple OEMs. Meanwhile, XuanWu offers robust diagnostic module solutions tailored for automotive electronic applications. These solutions encompass program updates, diagnostics, and automated testing, while also offering customized services to accommodate various application scenarios for OEMs and Tier 1 suppliers. The tool enables users to perform diagnostics and testing seamlessly in laboratory environments, on test vehicles, and in real-world applications. From operating systems to configuration tools and performance monitoring solutions, ZC Technology's comprehensive expertise in full-stack development is fully demonstrated. S2C Teams Up with Ecosystem Partners to Innovate Automotive Development ZC Technology, a high-tech enterprise specializing in foundational automotive software, has pioneered the development of China's first AUTOSAR-based foundational software platform. In the context of the global transition toward electrification, connectivity, intelligence, and software-defined vehicles, ZC Technology provides high-quality, efficient, and cost-effective software solutions for the automotive industry. "We're excited to partner with S2C, a global leader in FPGA prototyping solutions," said Zhiqiang Zhang, Vice General Manager at ZC Technology. "S2C's deep expertise in prototyping has earned the trust of numerous customers. Together, we're delivering powerful evaluation and development platforms that accelerate time-to-market for automotive electronics, while driving the SDV revolution. With our shared technical expertise and vision, we're confident that this partnership will play a key role in the continued growth of the automotive electronics industry." "Xylon is a leader in design services and optimized IP cores for automotive vision and interface applications, supporting prototyping and production designs based on programmable FPGAs and SoCs. Our logiRHSIF high-speed serial communication IP ensures seamless integration of FPGA-implemented peripherals with Renesas MCUs. Additionally, other communication IP cores in our portfolio enable future compatibility with a range of popular MCUs," said Davor Kovacec, Xylon CEO. "I am confident that our strong partnership with S2C, Arm, and ZC will enhance and amplify the value of the reference design, ultimately accelerating customers' software-defined vehicle (SDV) development." "Virtual prototyping solutions empower developers to design vehicle systems before physical hardware is available and this is increasingly important to deliver the advanced user experiences demanded by drivers today," said Suraj Gajendra, vice president of automotive product and software solutions at Arm. "By delivering a hybrid prototyping solution, developers are accessing the critical functional safety and real-time features of Cortex-R52+ earlier in the development process streamlining innovation for SDVs and providing opportunities for greater differentiation for automakers." By working with ecosystem leaders like Arm, Xylon, and ZC Technology, S2C offers customers a reliable and efficient platform to navigate the complexities of modern automotive development. Looking ahead, S2C remains committed to advancing the automotive sector through fostering open partnerships and delivering cutting-edge solutions. Through continuous technological innovation, S2C is poised to shape the future of automotive electronics and contribute to the sustainable growth of the industry. For more information, please visit: www.s2cinc.com
Transportation/Trucking/Railroad
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