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CHANGZHOU, China, Sept. 15, 2023 /PRNewswire/ -- On September 12, the "Jiangsu-Germany Dialogue 2023" was held in Changzhou. This marks the third year of the event being hosted in Changzhou. The conference, themed "New Energy, New Opportunities", aims to further promote cooperation between China and Germany in fields such as trade, the new energy industry, and the digital economy. At the conference, 11 key Sino-German cooperation projects covering areas like new energy, new materials, smart manufacturing, biomedicine, and education were signed. In recent years, companies like Siemens, Thyssenkrupp, Bosch, Volkswagen, and Lanxuss have made substantial investments in Changzhou, forming German investment clusters in the city. These include the Sino-German (Changzhou) Innovation Park, the Wujin High-Tech Zone, and the Xue's Foreign Capital Town. As of the end of last year, Changzhou had a total of 247 German-funded enterprises, mainly engaged in sectors such as automotive electronics, machinery and equipment manufacturing, new materials, new energy, and environmental protection. At the same time, Germany is also an important destination for outbound investments from Changzhou, with 52 projects settling in Germany, ranking first in Changzhou's investment in Europe. Shi Mingde, President of China-Germany Friendship Association, stated that Changzhou, as a well-known manufacturing city in China, has always aimed to internationalize and benchmark itself against Germany. It has already established a favorable momentum in Sino-German cooperation. The organization of the "Jiangsu-Germany Dialogue 2023" will build a bridge for deepening cooperation in the new energy industry between China and Germany. Lukas Meyer, Deputy Consul General of the Federal Republic of Germany in Shanghai, mentioned that "Jiangsu-Germany Dialogue" activities have witnessed the strong and enduring partnership between the two countries. The Sino-German (Changzhou) Innovation Park has become the preferred destination for small and medium-sized German-speaking enterprises seeking development in China. Changzhou is committed to deepening and expanding cooperation with Germany in fields such as technology, vocational training, and culture, which has strengthened economic relations and promoted the exchange of knowledge, perspectives, and values between the two sides. During the conference, the "German & Austrian Entrepreneur Alliance" was officially launched. It is a bi-directional exchange platform established in the context of the dual carbon economy, focusing on sharing the latest industry information and entrepreneurial experiences in complementary industries between China and Europe.
Named as a Strong Performer with 90% customers willing to recommend the company's solutions SAN MATEO, Calif., Sept. 13, 2023 /PRNewswire/ -- Yellow.ai, a global leader in Conversational AI, today announced it has been named a Strong Performer in the inaugural 2023 Gartner Peer Insights Voice of the Customer for Enterprise Conversational AI Platforms. Yellow.ai has also been recently recognized as a Challenger in the 2023 Gartner® Magic Quadrant™ for Enterprise Conversational AI Platforms. The Voice of the Customer is a document that synthesizes Gartner Peer Insights' reviews into insights for IT decision makers. The report mentions that 90% of Yellow.ai's customers are willing to recommend its solutions. With a composite rating of 4.5, Yellow.ai was rated for Product Capabilities (4.6/5) based on 37 reviews, Sales Experience (4.6/5) based on 38 reviews, Deployment Experience (4.5/5) based on 38 reviews, and Support Experience (4.5/5) based on 38 reviews. The ratings are based on reviews submitted as of June 2023 on Gartner Peer Insights. "As a Strong Performer, we see this as a testament to our unwavering customer-centric approach, which is at the core of Yellow.ai's Culture Code. In an evolving global landscape of generative AI, we prioritize understanding and preempting our customers' needs as they navigate the complexities of enhancing customer and employee experiences. Our robust generative AI roadmap reaffirms our mission to deliver autonomous, human-like experiences across languages, channels, and geographies so that organizations can build memorable relationships with both their customers and employees," said Raghu Ravinutala, CEO and Co-founder, Yellow.ai. An Executive Director of Operations in the hardware industry commented on Gartner Peer Insights, "The best thing about Yellow.ai is that it makes it easier for us to understand our clients, records talks, and provides executive maps to clients when we need them. The built-in AI technology of the system is really potent, it behaves like a friend would, offers helpful suggestions, aids in better decision-making, and the discussion with customers undoubtedly improves customer experience and helps the business grow. Without a doubt, it aids in business growth." Yellow.ai has achieved 80% growth in ARR, scaling up across markets like Asia-Pacific, Europe, the Middle East, and Africa, with North America experiencing a remarkable ~6x YoY growth. This growth, coupled with the introduction of groundbreaking solutions like YellowG, further validates Yellow.ai's capabilities and its significant impact on the global Conversational AI market. To learn more, please visit: https://yellow.ai/blog/yellow-ai-named-a-strong-performer-in-2023-gartner-peer-insights-voc-report/ Gartner disclaimer GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Yellow.ai Headquartered in San Mateo, Yellow.ai is a global leader in Conversational AI, delivering autonomous, human-like experiences for customers and employees to accelerate enterprise growth. We believe that memorable conversations are at the heart of every meaningful brand engagement. Over 1100 enterprises, including Sony, Domino's, Hyundai, Sephora, Waste Connections, Ferrellgas, Randstad, Tiket.com, Volkswagen, ITC Ltd, Lulu Group International, and Arabic Radio Network, trust our generative AI-powered, no-code Dynamic Automation Platform (DAP). DAP's proprietary multi-LLM AI engine, DynamicNLP™, empowers us to handle 2Bn conversations every quarter across 35+ channels in 135+ languages. We're passionate about delivering conversational experiences via our Dynamic AI agents that help enterprises achieve higher customer satisfaction and employee engagement. We have raised more than $102M from blue-chip investors with offices across six countries. For inquiries: Anujaa SinghPR & Communications,Yellow.ai anujaa.singh@yellow.ai
HEFEI, China, Aug. 29, 2023 /PRNewswire/ -- On August 29, Gotion High-tech, a Chinese power battery manufacturer strategically invested by Volkswagen, released its 2023 semi-annual report. During the reporting period, Gotion recorded an operating revenue of RMB 15.239 billion, with a year-on-year increase of 76.42%. Notably, Gotion achieved an operating revenue of RMB 3.062 billion in overseas regions, with a year-on-year increase of 296.74%. The proportion of revenue surged from 8.94% in H1 2022 to 20.09%. Gotion's core business segments of power batteries and energy storage have experienced substantial growth in both revenue and gross profit margin. Driven by the rapid growth of the new energy vehicle industry, Gotion's power battery business achieved a significant year-on-year revenue increase of 58.56%, amounting to RMB 10.478 billion, accounting for 68.76% of the overall revenue, in H1. Additionally, Gotion's energy storage business expanded with a revenue reaching RMB 4.147 billion, up 224.33% year on year. The energy storage segment contributed 27.21% to the overall revenue during this period. Notably, Gotion's power lithium battery business witnessed an increase in gross profit margin from 12.49% to 13.21% compared with the same period last year. The energy storage battery business also experienced an increase in gross profit margin, rising from 10.24% to 17.43%. As a technology-driven enterprise, Gotion invested RMB 1.204 billion in scientific research and development in H1 2023, up 38.49% year on year. During H1, Gotion added 653 new patented technologies to its portfolio. As of H1 2023, Gotion has applied for a total of 6,997 patents and has been granted a total of 4,672 patents. These include 1,187 patents for invention (including 77 foreign patents) and 3,082 patents for utility model. Moreover, Gotion has presided over and participated in the formulation of 66 standards. Gotion's battery technology has made continuous breakthroughs and innovations. In May, Gotion unveiled its self-developed Astroinno L600 battery cell and pack featuring a new LMFP system. The battery cell boasts an energy density of 240 Wh/kg, while the system energy density has reached 190 Wh/kg. It is planned to be mass-produced in 2024. It is reported that Gotion's nine models of third-generation battery cells, including the L600 battery cell, Volkswagen Unified Cell, and 4695 battery cell, have completed product iteration, which will bring new vitality to the technological innovation of the lithium battery industry. Gotion's cooperation with its major shareholder, Volkswagen, remains ongoing. At the beginning of the year, Gotion was officially granted the Volkswagen Cell Test Lab qualification certificate, marking the recognition of its test capability by Volkswagen and its formal entry into the world-leading technological management system. In May, Gotion's wholly-owned subsidiary Hefei Gotion High-tech Power Energy Co., Ltd. received a procurement letter from Volkswagen, making the company a designated supplier of lithium iron phosphate (LFP) Unified Cell products for the automaker's overseas markets.
For the second consecutive year, Hyundai Mobis will grace IAA Mobility in Munich, highlighting pioneering solutions anchored in electrification Spotlight on the groundbreaking technologies powering Kia's flagship electric vehicle, the EV9, and introduction of the transformative electrification platform, e-CCPM With a European order target of $1.29 billion, representing a quarter of the company's global revenue target, Hyundai Mobis doubles down on electrification and automotive components to expand its European footprint SEOUL, South Korea, Aug. 24, 2023 /PRNewswire/ -- Hyundai Mobis (KRX: 012330) is poised to outline its electrification-centric vision at the apex of the European mobility show. The company is positioning itself to appeal to Europe's leading automotive companies, renowned for its rigorous standards in technical excellence and dependability. The strategy is to leverage its technological prowess to drive significant orders with the aim of achieving a quarter of Hyundai Mobis' global order aspirations for the year in the European market. Today, Hyundai Mobis announced its intent to display an array of over 20 production-ready advancements in electrification and automotive components at the IAA Mobility 2023 Show. Running from 5th to 10th September in Munich, this event has a global reputation based on its origins evolving out of the esteemed Frankfurt Motor Show. This marks Hyundai Mobis' second year attending the event having previously debuted in 2021. This year's IAA Mobility Show is pivotal for Hyundai Mobis. The company is set to underscore its electrification roadmap, a cornerstone of its forward-looking strategy. Visitors can anticipate a firsthand look at Kia's electric crown jewel, the EV9, replete with Hyundai Mobis' state-of-the-art Battery System (BSA) and the innovative Power Electric (PE) system — the essential automotive components for electrification. Hyundai Mobis will also unveil the next-generation e-CCPM (Electric Complete Chassis Platform Module). This cutting-edge breakthrough integrates core electrification innovations into a versatile aluminum frame, enabling the creation of diverse PBVs (Purpose Built Vehicles) without necessitating distinct platform developments and offering an all-encompassing solution for electrification. During the showcase, the company is set to host discussions with prominent European automakers, including Volkswagen, Daimler, and BMW, targeting collaborations on future technologies around its cutting-edge capabilities: groundbreaking electrification solutions, autonomous driving systems, and the world's first rollable display. Hyundai Mobis is optimistic about enlarging its European market footprint through its attendance at global mobility shows like the IAA. Hyundai Mobis' target for overseas auto component sales is $5.36 billion, with Europe contributing a considerable $1.29 billion, accounting for approximately 25%. One example of its momentum in Europe is the electrification components contract for Volkswagen, a renowned German automaker, which Hyundai Mobis recently secured. This success underlines its potential for further European contracts. Hyundai Mobis is also gearing up for the upcoming Detroit Auto Show in the U.S., followed closely by the Tokyo Mobility Show in October. With these successive global showcases, Hyundai Mobis is poised to supercharge its global outreach, securing new client acquisitions through its specialized regional teams. (End) Hyundai Mobis Press Conference at IAA Mobility 2023 Date/Time: September 4th, 10:40 a.m. to 11:00 a.m. CET Venue: Hall B2, at Booth D20 Presenter: Axel J. Maschka, Executive Vice President and Head of Business Division of Hyundai Mobis Hyundai Mobis booth at IAA Mobility 2023 About Hyundai Mobis Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company's products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China and India. For more information, please visit the website at http://www.mobis.co.kr/ Media Contact Jihyun Han: jihyun.han@mobis.co.kr Myong Sun Song: sms@mobis.co.kr
Experienced mobility expert Philipp Reth is driving the reactivation of diconium's Beijing location after Corona's forced break in China. STUTTGART, Germany, Aug. 1, 2023 /PRNewswire/ -- diconium is resuming its operations in the Chinese market with the appointment of Philipp Reth (47) as the head of the Chinese market division. In this role, the experienced mobility expert will immediately drive diconium's business at the Beijing location after the break caused by the pandemic. His primary focus will be on supporting the Volkswagen Group and its joint venture partners in China. Additionally, he will work on establishing and expanding customer business in various sectors, including mobility, consumer goods & retail, banking & insurance, industry, and technology & media & telecommunications (TMT). He will also be responsible for expanding the diconium partner network in China and leading the local team of around 100 new hires and experienced diconium employees. The ultimate goal is to establish China as a fully-fledged diconium location that facilitates digital growth for diconium customers worldwide. Furthermore, diconium is already planning to open offices in Shanghai and Hefei. The management team in China is also seeking local reinforcements to work with Philipp Reth in a dual leadership role in the future. Philipp Reth will report directly to Anja Hendel, the Managing Director of the diconium Group. "China offers our customers major growth in the market. Currently, many companies are launching strategies in China, for which we will provide them with optimal local support," says Anja Hendel, Managing Director of the diconium Group. "A crucial role is played by digital transformation, which is firmly anchored in diconium's DNA. We are internationally positioned and have been accompanying our customers through the process of digitalization as a strong partner for more than 25 years. With Philipp Reth, we are gaining an absolute top force for the management of the business in China, who will specifically drive our reactivation on the Chinese market through his comprehensive expertise, strategic understanding and strong communication and leadership skills." "Overall, digitalization in China is significantly more advanced than in Europe. This transformational edge in the Chinese market poses huge challenges for many international companies, as there are major differences at a business level, as well as at strategic, organizational and operational levels," says Philipp Reth. "Our goal is to bridge exactly these gaps for our customers. And we do this under the well-known motto 'in China for China and from China to the world` at our own location in the country." Prior to joining diconium as the head of the Chinese market division, Philipp Reth served as the Head of Volkswagen Group Mobility at Volkswagen AG. He has an impressive background, having founded the car-sharing service WeShare and worked as its CEO until its acquisition by Miles. He also held various managerial positions at Door2Door, Arriva Group, and Deutsche Bahn. In 2021, Philipp Reth received the Eurostar award for Mobility Services. For images available for free use, please refer to https://we.tl/t-P4FxGKUye4. About diconium diconium is your partner for digital growth along the entire value chain. We build strategies, develop commerce platforms, and give you access to data-driven intelligence. Rooted in commerce, grown in digital transformation – diconium is as integrated in the digital sales of STIHL as it is in the Volkswagen ID.4's software, Bechtle's brand platform, and Coop's and Trumpf's online shops. We can guarantee this with more than 2,000 employees in interdisciplinary teams of consultants, data experts, and software developers across 14 locations in Europe, North America, and Asia. Further information can be found at www.diconium.com. Press Contact Alica Tiedtkediconium@faktor3.de+49 40 6794460
BEIJING, July 28, 2023 /PRNewswire/ -- This is a report from China Daily: China's leading automaker FAW Group achieved a robust increase in vehicle exports in the first half of this year as it continues to expand its presence in the global market. Its premium brand Hongqi posted a 172 percent surge in exports with 5,003 vehicles, while Jiefang experienced a 122 percent rise with 18,001 vehicles. Bestune exported 7,029 vehicles, up 127 percent year-on-year. As of 2022, FAW's overseas business covered 85 countries and regions, including Europe, Africa, Southeast Asia and Latin America. With more than 120 overseas dealers, it has exported a total of 400,000 vehicles. The company has established three subsidiaries in Eastern Europe, South Africa and Tanzania, employing over 300 local staff members. FAW has established multiple international capacity cooperation projects and built an integrated auto industry chain for global markets, encompassing research and development, procurement, manufacturing, logistics and marketing. These initiatives have expanded FAW's presence in high-end overseas markets. Based in Northeast China's Changchun, Jilin province, FAW Group celebrated its 70th anniversary on July 15 as its 55.77 millionth vehicle rolled off the production line. On July 13, 1956, China's first domestically made vehicle, the Jiefang loading truck, rolled off FAW's assembly line, bringing an end to China's inability to produce motor vehicles. FAW manufactured the Dongfeng, China's first passenger car, and the Hongqi, the country's first luxury sedan, establishing the automaker as a symbol of China's auto industry. Over the past 70 years, the loyalty, wisdom and sweat of generations of FAW employees have propelled the company's growth, expansion and innovation, yielding remarkable accomplishments. FAW's operating income stands at nearly 8.3 trillion yuan ($1.16 trillion) by now, with total profit and tax earnings surpassing 1.87 trillion yuan. Its total assets have exceeded 600 billion yuan. The brand value of FAW surpasses 420 billion yuan in 2023 while the value of the Jiefang and Hongqi brands each exceeds 110 billion yuan. On the occasion of FAW's 70th anniversary, its partnership with Volkswagen and Audi celebrates the 35th anniversary. On July 14, the three parties signed a memorandum of understanding on deepening strategic cooperation in Changchun. FAW and Volkswagen announced they would jointly enhance the Volkswagen's product portfolio, advance the development of electric vehicles and introduce more Chinese technologies. The 55.77 millionth vehicle of FAW Group rolls off the production line in Changchun, Jilin province, on July 15.
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