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HEFEI, China, April 20, 2024 /PRNewswire/ -- On the evening of 19 April, Gotion High-tech (002074) released its 2023 annual report. The company achieved operating revenue of RMB 31.605 billion, an increase of 37.11% YoY; operating profit of RMB 975 million, an increase of 390.92% YoY; and net profit attributable to the owner of the listed company of RMB 939 million, an increase of 201.28% YoY. The company's net cash flows from operating activities was RMB 2.419 billion, up 201.86% YoY. On the same day, Gotion High-tech also released its 2024 quarterly report. The company achieved revenue of RMB 7.508 billion, a YoY increase of 4.61%, and net profit attributable to the owner of the listed company after deducting non-recurring profits and losses increased by 195.26% YoY. The report shows that Gotion High-tech's product delivery exceeded 40GWh in 2023, with a YoY growth of more than 40%, and sales revenue including tax increased by more than 50% YoY under the situation of continuous decline in battery prices. Power battery sales revenue of RMB 23.051 billion, a YoY growth of 24.72%. Energy storage business revenue was RMB 6.932 billion, up 97.61% YoY, with the revenue share rising to 21.93%. Gotion High-tech adheres to innovation drive, increases R&D investment, and accelerates product technology iteration. In 2023, the company's R&D investment reached RMB 2.768 billion, a YoY increase of 14.57%. The company's Unified Cell, 4695 cylinder cell, semi-solid punch cell and third-generation battery cell products such as L300, M600 and N300 have been recognized by the market for their excellent performance in terms of safety, energy density, power performance and service life. Among them, Gotion has been designated by Volkswagen Unified Cell globally; the energy density of the in-house developed Astroinno battery pack reaches 190Wh/kg. In addition, Gotion High-tech continues to deepen the strategic layout of globalization. With four Pack plants in Germany, Indonesia, Thailand and Silicon Valley of the U.S. launching their products, and production bases such as in Vietnam, Chicago of the U.S., Michigan of the U.S., Slovakia, Argentina, and Indonesia progressing step by step, Gotion High-tech initially formed the layout of ten overseas bases covering materials, cells, and Pack, and realized localization of production and R&D. In 2023, Gotion achieved overseas revenue of RMB 6.428 billion, a YoY growth of 115.69%.
BEIJING, April 17, 2024 /PRNewswire/ -- A recent business confidence survey released by the German Chamber of Commerce in China reveals confidence in the prospects of China-Germany economic and trade cooperation. Among the 566 member companies surveyed, 91 percent expressed their intentions to continue their operations in China, and more than half said they plan to increase investments in the Chinese market. Last year, several major German companies, including Siemens, Mercedes-Benz, BASF, Volkswagen and BMW, continued to increase investment in China, further highlighting their confidence in the Chinese market. "Cooperation between China and Germany benefits not just the two sides but also the world at large," Chinese President Xi Jinping said on Tuesday during a meeting with Chancellor of Germany Olaf Scholz, who is on a three-day official visit to China. The more instability in the world, the greater the need for the two sides to strengthen the resilience and vitality of their relations, Xi said, calling for joint efforts to keep to the overall direction of cooperation and development in growing bilateral ties. China-Germany cooperation not 'risk' but opportunity Scholz visited Sino-German joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd. and experienced the assembly of hydrogen fuel cell power modules, as well as German company Covestro's Asia-Pacific innovation center, during a trip to China's Chongqing and Shanghai. "I was impressed by the close and sound cooperation between German and Chinese businesses," he told Xi. Economic and trade cooperation has always played a vital role in China-Germany ties. Germany is paying more attention to expanding cooperation with China in the field of innovation, particularly in new energy vehicles (NEVs). Through efforts, China has become a hub for the innovation of NEVs, attracting German automobile companies to further expand their investment in China. A new joint venture set up by Mercedes-Benz Group China Ltd. and BMW Brilliance Automotive Ltd. has been registered in Beijing. Volkswagen Group China announced on April 11 that it will invest 2.5 billion euros (about $2.68 billion) in the expansion of its innovation hub in Hefei, east China's Anhui Province, to increase its pace of innovation in China. Mutually beneficial cooperation between China and Germany is not a "risk," but a guarantee for a stable bilateral relationship and an opportunity for the future, Xi told Scholz. Noting that both China and Germany are countries built on industries and both support free trade and economic globalization, Xi said it is important for the two countries to stay vigilant against the rise of protectionism, adopt an objective and dialectical view on the issue of production capacity through a market and global perspective and based on the laws of economics, and devote more efforts to the discussion on cooperation. Solid, sustained progress of bilateral ties This year marks the 10th anniversary of the establishment of an all-round strategic partnership between the two countries. The consolidation and development of their relations carries significance that goes beyond the bilateral scope and has a major impact on the Eurasian continent and the entire world, Xi noted. Bilateral trade volume stood at 253.1 billion euros in 2023, during which China maintained its position as Germany's leading trading partner for the eighth consecutive year. Last June, the two countries held the seventh China-Germany inter-governmental consultation, agreeing to more cooperation in the fields of climate change response, innovation, advanced manufacturing and vocational education. The two sides held the third China-Germany high-level financial dialogue in Frankfurt last October, reaching 25 cooperation consensuses. On April 11, 2024, the China-Germany Dialogue Forum on Financial Cooperation was held in Beijing, aiming to deepen financial cooperation to bring more mutually beneficial outcomes. "As long as the two sides uphold mutual respect, seek common ground while reserving differences, enhance exchanges and mutual learning, and pursue win-win cooperation, China-Germany relations will continue to enjoy solid and sustained progress," Xi said. https://news.cgtn.com/news/2024-04-16/China-Germany-eye-more-resilience-and-vitality-in-ties-1sQJZm3g8da/p.html
American Express named Big Idea Chair Champion winner CSL Mobile crowned Best Commerce Strategy and Best Integrated Solution HSBC crowned king of Partnership and Best Acquisition Campaign For all high-resolution images, please download from the following link: https://bit.ly/3vORSuZ HONG KONG, Jan. 25, 2024 /PRNewswire/ -- Yahoo announced the winners of the highly coveted Yahoo Asia Big Idea Chair Awards 2023. This marks the 15th edition of the awards, which unfolded at the prestigious Grand Hyatt in Hong Kong, symbolizing a 15-year commitment to recognizing excellence in marketing and advertising. Yahoo Celebrates 15 Years of Excellence - Winners Revealed for Asia Big Idea Chair Awards 2023 The Yahoo Asia BIC Awards 2023 commemorates this significant milestone, the 15th Anniversary Grand Champion category has been introduced for both Hong Kong and the broader Asia region. This exclusive category pays homage to advertisers, media, and advertising agencies that have consistently stood out as Yahoo Asia Big Idea Champions over the past 15 years. In the Advertisers category, the coveted 15th Anniversary Grand Champion title is awarded to American Express International Inc., AXA China Region Insurance Company Limited, and Bayer HealthCare Limited. Starcom Hong Kong and Dentsu secured The 15th Anniversary Grand Champion titles in the Media Agency and Advertising Agency categories, respectively. This announcement reaffirms our commitment to recognizing and celebrating excellence in the dynamic landscape of marketing and advertising. In celebration of the anniversary, Yahoo also unveiled the Best ESG Campaigns category, recognizing brands seamlessly incorporating ESG principles for sustainability and responsible business practices into their initiatives. The judging panel, comprised of 13 members from key industry bodies such as IAB Hong Kong, HK4As, The Hong Kong Advertisers Association, Hong Kong Association of Interactive Marketing (HKAIM), HKMA Digital Marketing Community, Taiwan Digital Media and Marketing Association, Taiwan Advertiser's Associations, as well as esteemed industry practitioners from Taiwan, played a crucial role in determining the winners. Matthew Chan, Head of Sales, Yahoo Hong Kong & Yahoo Taiwan, "Congratulations to all the winners on their remarkable achievements in the dynamic realm of marketing and advertising. As Yahoo evolves, we're committed to shaping the ad tech landscape and fostering excellence. Celebrating the 15th anniversary of the Yahoo Big Idea Chair Awards, we're proud to lead the way in shaping the industry. We are delighted to see campaigns that use creative ads to amplify their brand image, captivate audiences, and enhance brand presence. This year's awards highlight our commitment to recognizing outstanding campaigns and initiatives that make an impact in the ever-changing world of marketing and advertising." The Yahoo Asia BIC Awards 2023 drew over 200 esteemed guests from various industries to celebrate their collective successes. Among the standout winners, American Express International Inc.'s "Irreplaceable Platinum Moments" not only secured Hong Kong's Big Idea Chair Champion Outstanding Award but also excelled in Best Branded Content Campaign and Best Innovative Experience, along with a Merit Award in Best Acquisition Campaign. To highlight the irreplaceable moments American Express credit card offers and connect with prospective applicants, the brand partnered with Yahoo's OLO (Only Live Once) digital magazine. Contrasting genuine life experiences with AI simulations, the campaign emphasized the value of authenticity and the irreplaceable moments that resonate with the audience. Yahoo, as the brand's trusted partner for seven years, once again delivered. The 'Irreplaceable Platinum Moments' campaign achieved 12 million total impressions. Notably, over 60% of conversions came from Yahoo, resulting in a significant 30% increase in card applicants. CSL Mobile, a Merit Winner in the Hong Kong BIC Champion 2023, excelled with "CSL Mobile & Yahoo Brings New 666 Shoppertunities." Recognized with Outstanding Awards for Best Commerce Strategy and Best Integrated Solution, and a Merit Award for Best Acquisition Campaign, Bruce Lam, CEO, Consumer, HKT, said, "In Yahoo's 666 Shopping Festival, we went beyond promotions, offering csl service plans through a multifaceted shopping experience across travel, technology, dining and shopping. Revolutionising the post-Covid customer experience, the result of this collaboration was outstanding, with a great increase in pageviews compared with the pre-campaign launch period and a significant boost in purchases. These accomplishments, acknowledged by the Hong Kong BIC Champion 2023 Awards, reflect the success of our partnership with Yahoo." HSBC, another Merit Winner in the Hong Kong BIC Champion 2023, triumphed with the "HSBC x Yahoo Youth Programme Campaign (Q3-Q4, 2022)." Winning Outstanding Awards for Best Partnership Strategy, Best Acquisition Campaign and Merit Awards in Best Branding Campaign, Cheuk Shum, Managing Director, Head of Marketing, Wealth and Personal Banking, HSBC Hong Kong said, "The Yahoo program, which includes wealth workshops, video series, and an investment competition, supports our goal of promoting financial education for young millennials. In addition to partnering with Yahoo, we offer various benefits and specific campaigns to help young millennials embark on their wealth journey. We have observed a 30% rise in the number of new HSBC One accounts opened by young millennial customers since the middle of last year." In the Asia BIC Champion 2023, Taiwanese campaigns excelled, with BRS Nike Taiwan Inc.'s "The Nike Metaverse Fan Squad" securing the Outstanding Award, and Edrington Taiwan's "The MACALLAN – A Spirit for All Seasons" and Uni-President Enterprises Corp.'s "ReiSui Milk Reputation 2022 Video Campaign" earning Merit Awards. For the full winner list, please visit the official website: https://yahoo.digitaladvertising.com.hk/bicawards/2023/ About Yahoo Yahoo serves as a trusted guide for hundreds of millions of people globally, helping them achieve their goals online through our portfolio of iconic products. For advertisers, Yahoo Advertising offers omnichannel solutions and powerful data to engage with our brands and deliver results. To learn more about Yahoo, please visit yahooinc.com. Appendix - Yahoo Asia Big Idea Chair Awards 2023 Hong Kong Award Award Name Rank Advertiser 1. Hong Kong Big Idea Chair Champion Outstanding American Express International Inc. 2. Merit CSL Mobile 3. Merit HSBC 4. Advertising Agency of The Year Ogilvy Hong Kong 5. Media Agency of The Year PHD 6. Best Acquisition Campaign Outstanding HSBC 7. Merit American Express International Inc. 8. Merit CSL Mobile 9. Merit FWD Insurance 10. Best Branded Content Campaign Outstanding American Express International Inc. 11. Merit Bayer HealthCare Limited 12. Merit Capital Group 13. Merit Schroders 14. Best Branding Campaign Outstanding The Hong Kong Jockey Club 15. Merit FWD Insurance 16. Merit HSBC 17. Best Commerce Strategy Outstanding CSL Mobile 18. Merit Samsung Electronics H.K. Co. Ltd. 19. Merit Water World Ocean Park Hong Kong 20. Best Innovative Experience Outstanding American Express International Inc. 21. Merit Cartier 22. Merit Cetaphil 23. Merit IKEA Hong Kong 24. Best Integrated Solution Outstanding CSL Mobile 25. Merit FWD Insurance 26. Merit Samsung Electronics H.K. Co. Ltd. 27. Best Partnership Strategy Outstanding HSBC 28. Merit Cetaphil 29. Merit Standard Chartered Bank 30. Best Search Campaign Outstanding FrieslandCampina (Hong Kong) Limited 31. Merit Sa Sa dot Com Ltd. 32. Merit UA Finance Hong Kong 15th Anniversary Grand Award 33. The 15th Anniversary Grand Champion - Advertiser American Express International Inc. 34. The 15th Anniversary Grand Champion - Advertiser AXA China Region Insurance Company Limited 35. The 15th Anniversary Grand Champion - Advertiser Bayer HealthCare Limited 36. The 15th Anniversary Grand Champion - Media Agency Starcom Hong Kong 37. The 15th Anniversary Grand Champion - Advertising Agency dentsu Asia Award Award Name Rank Advertiser 1. Asia Big Idea Chair Champion Outstanding BRS Nike Taiwan Inc. 2. Merit Edrington Taiwan 3. Merit Uni-President Enterprises Corp. 4. Asia - Best Branded Content Campaign Outstanding Volkswagen Taiwan 5. Merit Edrington Taiwan 6. Merit Volkswagen Commercial Vehicles Taiwan 7. Asia - Best ESG Campaign Outstanding Standard Foods Group 8. Merit The Hong Kong Jockey Club 9. Merit Uni-President Enterprises Corp. 10. Asia - Best Innovative Experience Outstanding BRS Nike Taiwan Inc. 11. Merit Constitutional and Mainland Affairs Bureau 12. Merit Edrington Taiwan 13. Merit HSBC 14. Asia - Best Integrated Solution Outstanding FWD Insurance 15. Merit BRS Nike Taiwan Inc. 16. Merit Uni-President Enterprises Corp. 17. Asia - Best Search Campaign Outstanding WeLend 18. Merit FWD Insurance 19. Merit Hong Leong Insurance 20. Merit Uni-President Enterprises Corp. Asia 15th Anniversary Grand Award 21. [Asia] The 15th Anniversary Grand Champion - Advertiser Volkswagen Taiwan 22. [Asia] The 15th Anniversary Grand Champion - Advertiser Volkswagen Commercial Vehicles Taiwan 23. [Asia] The 15th Anniversary Grand Champion - Advertiser GOGORO Taiwan 24. [Asia] The 15th Anniversary Grand Champion - Agency Omnicom Media Group Taiwan 25. [Asia] The 15th Anniversary Grand Champion - Agency Dentsu Taiwan
The partnership strategically targets sectors such as retail, BFSI, telecommunications, utilities, and healthcare across North America, Europe, India, the Middle East, and Asia-Pacific markets. KUALA LUMPUR, Malaysia, Jan. 24, 2024 /PRNewswire/ -- Yellow.ai, a global leader in generative AI-powered customer service automation, today announced its strategic partnership with global cloud communications platform Infobip to enable enterprises with AI-powered customer support and deliver elevated customer experiences. The collaboration aims to establish a strong global synergy by leveraging combined capabilities in voice automation, CPaaS, and generative AI solutions, intending to expand market presence across North America, Europe, India, the Middle East, and Asia-Pacific markets. By integrating proficiencies, Yellow.ai and Infobip will engage in building an end-to-end voice solution to address the increasing demand for humanized and personalized voice conversations. As part of the partnership, Yellow.ai will power its CPaaS solutions across channels such as WhatsApp, SMS, and email through Infobip's platform to create seamless conversational experiences. Additionally, the focus will revolve around harnessing Yellow.ai's advanced generative AI capabilities, which have already demonstrated success by deploying over 100 gen AI-powered bots within just three months for customers such as Pelago by Singapore Airlines, Oona Insurance, leading Indian NBFC companies, and the largest US housekeeping brand. "At Yellow.ai, we've consistently aimed to leverage our partner ecosystem's synergies to drive business outcomes for our customers. Our collaboration with Infobip will strengthen our presence in existing markets and aid in devising robust go-to-market strategies for new regions such as Europe. Infobip's expertise in creating connected experiences, coupled with our generative AI-powered customer service automation solutions, will undoubtedly empower enterprises to offer more intuitive, and personalized experiences, creating memorable conversations with their customers," said Rashid Khan, CPO & Co-founder, Yellow.ai. Harsha Solanki, VP GM Asia, Infobip, said, "We are committed to empowering businesses by providing them with innovative solutions to facilitate end-to-end conversational customer journeys. This strategic partnership with Yellow.ai further aims to create value for brands. Together, we will enable them to establish reliable, secure, and swift connections with their existing and new customers across geographies over their preferred communication channels. Leveraging our combined omnichannel capabilities and Gen AI-powered technologies, we will not only enhance customer journeys but also boost conversion rates, drive sales, and improve customer loyalty." The partnership will target industries including retail and consumer electronics, BFSI, telecommunications, utilities, and healthcare. By jointly coordinating go-to-market strategies and customer success initiatives, Yellow.ai and Infobip are dedicated to driving ROI impact at scale for their customers globally. While the partnership initially emphasizes expanding business through existing product suites, both companies plan to collaborate on product ideation and development in the long term. About Yellow.ai Yellow.ai empowers enterprises to create memorable customer conversations through our generative AI-powered customer service automation platform. Our vision is to drive toward the future of fully autonomous customer support that unlocks unparalleled efficiency and significantly reduces operational costs. Headquartered in San Mateo, Yellow.ai serves over 1000 enterprises, including Sony, Domino's, Hyundai, Volkswagen, ITC Ltd, OYO, Skoda Auto, Asian Paints, Sephora, Tiket.com, Bank of Maldives, and UnionBank, across 85+ countries. Our platform is built on multi-LLM architecture and continuously trained on 16B+ conversations annually, enabling businesses to deliver elevated experiences and build lasting customer relationships. Founded in 2016 with offices across six countries, Yellow.ai has raised over $102 million from blue-chip investors. Visit us at https://yellow.ai/ About Infobip Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip's omnichannel engagement, identity, user authentication and contact centre solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. With over a decade of industry experience, Infobip has expanded to 70+ offices globally. It offers natively built technology with the capacity to reach over seven billion mobile devices and 'things' in 6 continents connected to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić. Recent award wins include: Infobip ranked as number one Communications Platform as a Service (CPaaS) provider, in the inaugural MetriRank CPaaS Report from Metrigy (Dec 2023) Omdia Ranks Infobip as Leader for the second year running in its CPaaS Universe Report (Nov 2023) Infobip named a Leader in the Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS) 2023 (Sept 2023) Infobip named a Leader in the IDC MarketScape: Worldwide Communications Platform-as-a-Service (CPaaS) 2023 Vendor Assessment (May 2023) Infobip named a leader in the Juniper Customer Data Platform Leaderboard Report (July 2023) Infobip named a leader in the CPaaS Leaderboard, Juniper Research (Feb 2023) Infobip named a leader in the CCaaS Leaderboard, Juniper Research (Dec 2023)
Just like the billionaire, Flávio Figueiredo Assis sold a company in the financial sector to invest in his own automobile manufacturer, LECAR SÃO PAULO, Jan. 22, 2024 /PRNewswire/ -- Entrepreneur Flávio Figueiredo Assis promises to make history by launching the first originally Brazilian electric car. More than contributing to changing the energy matrix and positively impacting the environment, his mission is to change the image of Brazil to the world. His inspiration is billionaire Elon Musk, who has a similar story to the entrepreneur. 1 With a degree in Law and Accounting, Assis is the founder of Lecard, a food card administrator that reached an annual turnover of US$1 billion, supplying to public bodies and private companies. In 2022, he sold the company with the intention of creating the first electric car manufacturer in Brazil, LECAR. The company's mission is to redefine Brazil's presence on the global automotive scene through non-polluting vehicles that meet the demands of authorities and consumers. Currently, the team has 30 engineers, many of them with important experience at companies such as Ford, Toyota and Nissan. The factory is being set up in the southern region of the country, with 65% of the parts being national and 35% imported. The LECAR 459, the company's first vehicle, will have batteries from the company Winston Battery, which also supplies to Volkswagen and Hyundai. Consumer price will be US$55,000, with a range of 400km per charge. The company also plans to launch an urban version with a popular price, the LECAR POP, with an estimated price of US$20,000, 250km per charge and capacity for five passengers. Capital is 100% owned, but the expectation is to carry out an IPO by 2025. The planned investment is US$3 billion. "In addition to a project that favors mobility and sustainability, our objective is to create a perception of value for Brazil, just as we should always be perceived. We are the 9th economy in the world, passionate about cars and Formula 1. We have Ayrton Senna, Nelson Piquet and Emerson Fittipaldi, F1 champions, as our idols, and nevertheless we never had a national car manufacturer. Let's change the course of history", he points out. Before this occurs, the car will go to London, England, where it will undergo a series of approvals at LATIN NCAP, with impact, aerodynamic and safety simulator assessments. The expectation is that the first vehicles will be manufactured in December this year. In 2025, the goal is to produce 300 vehicles per month, with revenues of US$200 million. In five years, LECAR intends to produce 50 thousand cars annually, with US$15 billion in revenue. The company also intends to create a subscription plan, changing the culture of ownership to one of access and sharing, which are the most sustainable ways of using cars. The base subscription for the 36-month lease plan will be offered for approximately 3% of the sales price for a monthly mileage of 1,000 km. Another fundamental initiative is in relation to charging infrastructure. The company intends to install fast charging stations on the 10 largest highways in Brazil, totaling 36,437km. With this plan, any electric vehicle will be able to travel across the entire country. Stations will be strategically located every 200 kilometers, allowing drivers to recharge their cars quickly, conveniently and safely. In addition to operating throughout the national territory, the entrepreneur plans the internationalization of his automobile manufacturer, especially to the USA, France, Italy and Monaco. "We are already lining up a series of partnerships in these countries to take our brand to the world." Moreover, LECAR plans to create a battery cell factory, allowing self-sufficiency in car production. "We have 97% of the minerals that make up battery cells in our country. In addition to being self-sufficient, we can also become protagonists and a major reference in the global electric vehicle market, supplying cars to other countries. We are committed to making all of this a reality", the entrepreneur states proudly. Those interested can follow the brand's news on social media @lecarbrasil. About Lecar:www.lecar.com.br 2
ZO Motors has signed strategic cooperation agreements with Weichai New Energy, initiating comprehensive and in-depth collaboration in fields such as new energy vehicle manufacturing, joint product development, and global sales. ZO Motors has launched a global brand strategy; its mass-produced vehicle models will successively enter markets such as Japan, the USA, South America, Southeast Asia, and the Middle East. The ZO Motors team is composed of senior management professionals from globally renowned automotive companies and high-tech industries, including Tesla, Volvo, Toyota, Ford, and Rivian. QINGDAO, China, Jan. 16, 2024 /PRNewswire/ -- ZO Motors Holdings Limited, a global leader in innovative new energy commercial vehicles, announced that it has officially signed a series of strategic cooperation agreements with Weichai Commercial Vehicle New Energy Co., Ltd. ("Strategic Agreement"). The Strategic Agreement, marks a full-scale and profound collaboration in new energy vehicle manufacturing, joint product development, and global sales. Both parties have announced that new energy products will be the collaborative models, leveraging Weichai New Energy's third-generation pure electric platform as a foundation for the joint development of left-hand and right-hand drive products suitable for regional market demands, to be sold in global markets outside China. The company also announced its global brand strategy and that its executive team is comprised of senior management talent from the automotive and high-tech industries. ZO Motors, an intelligent new energy commercial vehicle brand originating from Japan, is a wholly-owned subsidiary of ZO Future Group [Hong Kong stock code: 02309], a company listed on the Main Board of the Hong Kong Stock Exchange. It mainly engages in the research, development, manufacturing, and sales of intelligent new energy commercial vehicles. According to the Strategic Agreement, ZO Motors will leverage Weichai New Energy's product platforms and production bases to develop and manufacture ZO Motors brand intelligent new energy commercial vehicles. ZO Motors' commercial vehicles will primarily target overseas markets and are expected to successively enter markets such as Japan, the USA, South America, Southeast Asia, and the Middle East shortly. Furthermore, ZO Motors will continue to explore deeper comprehensive strategic cooperation with Weichai New Energy. Senior Executive Team with a Global Perspective At the press conference, ZO Motors announced its senior executive team comprised of professionals from globally renowned automotive and high-tech companies: Mr. Joost de Vries, the Global CEO, has over 35 years of experience in commercial vehicle manufacturing, operations, and management across North America, South America, the Middle East, China, and Japan. Prior to joining ZO Motors, Mr. de Vries held various executive positions at well-known automotive companies such as Volvo Trucks, Volvo Buses, Tesla, Mack Trucks, and DeLorean Motor Company. Mr. de Vries led the construction of Tesla's European assembly plant in the Netherlands and established Tesla's global after-sales service system. He also represented Volvo Buses in managing their bus joint venture in China and was instrumental in setting up an SKD factory for Volvo Buses in Egypt. He is a truly global visionary and a rare senior management talent in the automotive industry, integrating experiences in manufacturing, sales, and service. Mr. Dong He, Vice President of ZO Future Group and President of ZO Motors Asia Pacific, has over 17 years of senior management experience with passenger car brands such as Mercedes-Benz, Lexus, Mazda, Volkswagen, as well as commercial vehicle brands including Ouman, Dongfeng, Shaanxi Auto, Heavy Truck, and JAC Motors. Additionally, Mr. He has operated regional hub warehouses for aftermarket brands like Cummins, Weichai, and Foton, possessing years of experience in after-sales service and spare parts operations management. Mr. He has also successfully founded several logistics and warehousing businesses, accumulating extensive practical experience in industrial logistics systems, new energy heavy truck operations, charging networks, and IoT platform establishment. Mr. Hidetoyo Teranishi, President of ZO Motors Japan Corp., brings over 20 years of global business operations and sales experience. Before his tenure at ZO Motors, Mr. Teranishi served as the Deputy General Manager for the Greater China Region of Resorttrust Inc, Japan's largest membership-based hotel and medical group. Furthermore, Mr. Teranishi co-founded the Tokyo International Business Club with numerous renowned Japanese entrepreneurs and politicians, aiming to facilitate cooperation between well-known enterprises in Japan and international businesses. Over the past 20 years, he has provided services to more than 1,500 international companies and has gained widespread recognition and a broad network in Japanese political and business circles. "Since its inception, ZO Motors has built a complete global supply chain system and explored a set of production and manufacturing solutions, all based on forward-thinking philosophy, innovative technology, and an experienced executive team," said Mr. Joost de Vries, Global CEO of ZO Motors. "Through deep strategic cooperation with Weichai New Energy, we hope to make a greater contribution to zero emissions in the global commercial vehicle sector and to the profitability of the transportation industry, while continuously creating value for commercial vehicle owners and users." "Making Green Affordable" As a technology-driven new energy commercial vehicle enterprise, ZO Motors revealed its new LOGO at this press conference and officially launched its global brand strategy. Mr. Joost de Vries, CEO, stated that ZO Motors has now initiated a global expansion with strategic locations in the United States, Japan, China, Hong Kong, Southeast Asia, and other regions, establishing corresponding regional headquarters. ZO Motors is committed to driving the electrification of the commercial vehicle field, accelerating the transition from traditional to green energy, and assisting customers in developing more efficiently through advanced green technology, all while striving to protect the earth's ecology. The company will focus on its smart new energy commercial vehicles, integrating high-tech innovations such as intelligent connectivity and autonomous driving, to provide a safer, more cost-effective, and holistic eco-friendly intelligent logistics service chain for logistics enterprises, e-commerce companies, government public sectors, and various commercial vehicle customers. "This vision is not about selling slogans!" Joost emphasized, "Commercial vehicles are responsible for a significant portion of exhaust pollution, and their electrification is key to reducing emissions. ZO Motors' commitment to green new energy commercial vehicles does not mean we advocate for more expensive green options. Relying on a comprehensive global new energy industry supply chain and mature technology, with the support of Weichai New Energy's global layout and international team, ZO Motors will offer commercial vehicle users more economical green solutions compared to fuel vehicles, creating a more efficient, convenient, and advanced commercial vehicle operating ecosystem. Our aim is to make green no longer expensive, truly driving sustainable development for our planet." About ZO Motors ZO Motors, a subsidiary of the ZO Future Group [Hong Kong stock code: 02309], is a globally innovative leader in new energy commercial vehicles originating from Japan. Official Website of ZO Motorshttps://zo-motors.com
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