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KUALA LUMPUR, Malaysia, July 23, 2024 /PRNewswire/ -- As one of the largest automotive markets in Southeast Asia, Malaysia is a destination to watch in terms of how it sets to transform into a regional powerhouse for new energy vehicles and a pioneer of mobility solutions. The development of an Automotive High-Tech Valley (AHTV) should signal the country's highly ambitious vision to promote digital transformation, tackle carbon emissions and spur on the adoption of new energy vehicles. Already, sales of electric vehicles (EVs) are rising. According to the Malaysian Automotive Association (MAA), figures represent an increase of 112 percent from the same period of last year, reaching 6,617 units – a positive indication of a strong growth trajectory in the latter half of 2024[1]. As such, the entry of EV brands into the Malaysian market is set to expedite the progression of the entire automotive supply chain. It has led to the country becoming a honeypot for FDI amongst global automakers. For instance, the realisation of the AHTV is being spearheaded by a joint-venture between DRB-Hicom Bhd and Chinese counterpart Zhejiang Geely Holding Group Co Ltd. The AHTV expects to attract some RM 32 billion (USD 6.8 billion) worth of investments over the next 10 years[2]. Thus, the increasing presence of major manufacturers should lead to wider global players investing in the market to establish a foothold. This growth is also fuelled by government initiatives and incentives, such as tax investment allowances and pioneer status, import and excise duty exemptions, road tax exemptions, subsidies on charging facilities, and more[3]. The transition is fusing into day-to-day life with the rise of e-commerce, ridesharing, and food delivery services becoming the norm. Consumers are also increasingly turning to online platforms for research, comparisons and purchases with door-to-door delivery. Additionally, consumers are demanding more personalised, connected and environmentally-conscious options. These trends in lifestyle are introducing new opportunities to the entire automotive industry across OEM and aftermarket, powering the innovative advancements of digital adoption, customised service provisions, fleet management, route optimisation and more. It is a shift that not only improves efficiency but also fosters sustainability. Such solutions will be on full display at the upcoming edition of Automechanika Kuala Lumpur. The event is Malaysia's leading trade fair in the regional automotive aftermarket, and in its 13th edition, receives continual support from exhibitors and visitors, as well as government bodies, industry associations and media. Held from 1 to 3 August at the Kuala Lumpur Convention Centre (KLCC), the fair expects to welcome over 300 local and overseas exhibitors from 20 countries and regions across 9,710 sqm of exhibition space, exploring business opportunities and development trends in the thriving market. It will cover areas of the supply chain including parts and components, diagnostics and repair, body and paint, accessories, car care, oils and lubricants, customising as well as automotive mobility solutions. The dedicated Automotive Mobility Solutions Zone will feature the latest provisions for urban development, city planning and smart mobility, which will revolve around local infrastructure and technology. In addition, the Automotive Mobility Solutions Conference is set to be a highlight during the first two days of the show. It will converge a strong line up of speakers from the likes of Bosch Rexroth, ChargeSini, Forwardlog, Henkel, MARii, Materialise, MDEC, PETRONAS, SHRDC, Siemens, Swift, Universiti Teknologi Malaysia, VinAI, VinFast, Volkswagen, Volvo Malaysia, ZEVA and more. The conference will delve into various topics across the supply chain, including automotive mobility solutions, electrification and digitalisation, automotive logistics, warehousing and supply chain, as well as automotive manufacturing, transformation and automation. To find out more information about onsite activities, please visit www.automechanika-kl.com/events [1] "EV sales in Malaysia up 112% to 6,617 units in 1H 2024", 16 July 2024, paultan.org, https://paultan.org/2024/07/16/maa-ev-sales-1h-2024/, retrieved on 17 July 2024 [2] "AUTOMOTIVE HIGH-TECH VALLEY (AHTV) CONFERENCE", 17 July 2023, MIDA, https://www.mida.gov.my/events/automotive-high-tech-valley-ahtv-conference/, retrieved on 19 July 2024 [3] "Going EV: What the Malaysian government is doing to charge up the transition", 9 July 2024, Malaymail, https://www.malaymail.com/news/malaysia/2024/07/09/going-ev-what-the-malaysian-government-is-doing-to-charge-up-the-transition/141965, retrieved on 16 July 2024 About Automechanika Kuala Lumpur Automechanika Kuala Lumpur is one of the 40 global events under Messe Frankfurt's Mobility & Logistics sector. The portfolio itself plays vital role in connecting automotive, transportation, and logistics industries across the world. The exhibition area at Automechanika Kuala Lumpur 2024 is free for professionals aged 18 and above. Please visit www.automechanika-kl.com/visitor for pre-registration. Please contact Messe Frankfurt (HK) Ltd at + 852 2802 7728, visit www.automechanika-kl.com or email autoasia@hongkong.messefrankfurt.com for further enquiries.
LINKÖPING, Sweden, June 11, 2024 /PRNewswire/ -- Following the Swedish Tire Safety Council's alarming report on wheel detachment incidents, NIRA Dynamics reaffirms the value of its pioneering Loose Wheel Indicator (LWI) technology. Established in the market since 2017 and currently enhancing over 1 million vehicles, including Audi's fleet, LWI represents a significant leap in automotive safety, offering a proven, software-based solution to mitigate the risks associated with wheel loss. Introduction to how the LWI software works The urgency for innovative safety solutions has never been more critical, as the council's report sheds light on the 30,000 wheels detaching annually in Sweden, contributing to roughly 900 traffic accidents. Leveraging the widespread adoption and success of LWI technology, NIRA Dynamics is at the forefront of addressing this issue through advanced sensor analytics and real-time driver alerts. By utilizing the vehicle's existing wheel speed sensors, LWI detects the early signs of wheel loosening. This seamless integration and continuous monitoring system have made LWI a cost-effective and easily deployable safety feature for manufacturers like Audi and Zeekr, demonstrating significant reductions in the incidence of wheel detachment. Already on the market, preventing accidents With LWI's established presence since 2017, its contribution to road safety is tangible. For drivers, LWI provides unmatched confidence and security, dramatically lowering the potential for wheel detachment accidents. For society, a broad application of LWI would pave the way for safer roads and underscore NIRA Dynamics' commitment to pioneering sustainable safety solutions. "Since its introduction, LWI has been instrumental in safeguarding over a million drivers, a testament to our vision for a safer automotive future," affirms Jörg Sturmhoebel, Product Manager Wheel Safety at NIRA Dynamics. "The Swedish Tire Safety Council is doing a great job education the public about tire safety, however, there are cost-efficient technologies that can further minimize the number of wheels lost." Future outlook and call to action Encouraged by the Swedish Tire Safety Council's findings, NIRA Dynamics continues to innovate in the realm of vehicle safety. The company extends an invitation to automakers and industry stakeholders to explore the benefits of integrating LWI technology, moving closer towards universal road safety through technological excellence. "We truly believe that more car manufacturers could and should benefit from collaborating on tire-related occurrences. The tires and their characteristics are extremely important factors when it comes to traffic safety" says Lisa Åbom, CEO at NIRA Dynamics. Learn more about LWI: https://www.niradynamics.com/products/loose-wheel-indicator About NIRA Dynamics: NIRA Dynamics, established 2001 with main office in Linköping/Sweden, is specialized in sensor fusion and vehicle data cloud services. NIRA develops cost-efficient safety and navigation solutions for the global vehicle industry, as well as big data services for the road maintenance industry. Among the customers are Audi, Volkswagen, Honda, Volvo, Stellantis, Renault, BYD, SGMW and Geely. Contact details:Johan Hägg – Head of Marketing & CommunicationEmail: johan.hagg@niradynamics.sePhone: +46 700 454056 Loose Wheel Indicator works in seconds and quickly detects if a wheel is loose. The LWI functionality includes indication of which wheel has a problem, avoiding driver confusion. Quick indication to drivers is the key to increasing wheel safety.
LINKÖPING, Sweden, June 11, 2024 /PRNewswire/ -- Following the Swedish Tire Safety Council's alarming report on wheel detachment incidents, NIRA Dynamics reaffirms the value of its pioneering Loose Wheel Indicator (LWI) technology. Established in the market since 2017 and currently enhancing over 1 million vehicles, including Audi's fleet, LWI represents a significant leap in automotive safety, offering a proven, software-based solution to mitigate the risks associated with wheel loss. Introduction to how the LWI software works The urgency for innovative safety solutions has never been more critical, as the council's report sheds light on the 30,000 wheels detaching annually in Sweden, contributing to roughly 900 traffic accidents. Leveraging the widespread adoption and success of LWI technology, NIRA Dynamics is at the forefront of addressing this issue through advanced sensor analytics and real-time driver alerts. By utilizing the vehicle's existing wheel speed sensors, LWI detects the early signs of wheel loosening. This seamless integration and continuous monitoring system have made LWI a cost-effective and easily deployable safety feature for manufacturers like Audi and Zeekr, demonstrating significant reductions in the incidence of wheel detachment. Already on the market, preventing accidents With LWI's established presence since 2017, its contribution to road safety is tangible. For drivers, LWI provides unmatched confidence and security, dramatically lowering the potential for wheel detachment accidents. For society, a broad application of LWI would pave the way for safer roads and underscore NIRA Dynamics' commitment to pioneering sustainable safety solutions. "Since its introduction, LWI has been instrumental in safeguarding over a million drivers, a testament to our vision for a safer automotive future," affirms Jörg Sturmhoebel, Product Manager Wheel Safety at NIRA Dynamics. "The Swedish Tire Safety Council is doing a great job education the public about tire safety, however, there are cost-efficient technologies that can further minimize the number of wheels lost." Future outlook and call to action Encouraged by the Swedish Tire Safety Council's findings, NIRA Dynamics continues to innovate in the realm of vehicle safety. The company extends an invitation to automakers and industry stakeholders to explore the benefits of integrating LWI technology, moving closer towards universal road safety through technological excellence. "We truly believe that more car manufacturers could and should benefit from collaborating on tire-related occurrences. The tires and their characteristics are extremely important factors when it comes to traffic safety" says Lisa Åbom, CEO at NIRA Dynamics. Learn more about LWI: https://www.niradynamics.com/products/loose-wheel-indicator About NIRA Dynamics: NIRA Dynamics, established 2001 with main office in Linköping/Sweden, is specialized in sensor fusion and vehicle data cloud services. NIRA develops cost-efficient safety and navigation solutions for the global vehicle industry, as well as big data services for the road maintenance industry. Among the customers are Audi, Volkswagen, Honda, Volvo, Stellantis, Renault, BYD, SGMW and Geely. Contact details:Johan Hägg – Head of Marketing & CommunicationEmail: johan.hagg@niradynamics.sePhone: +46 700 454056 Video - https://mma.prnasia.com/media2/2434270/Loose_Wheel_Indicator_by_NIRA.mp4Photo - https://mma.prnasia.com/media2/2434229/LWI_PR_1.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2434230/LWI_PR_2.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2434231/LWI_PR_3.jpg?p=medium600 Loose Wheel Indicator works in seconds and quickly detects if a wheel is loose. The LWI functionality includes indication of which wheel has a problem, avoiding driver confusion. Quick indication to drivers is the key to increasing wheel safety.
BEIJING, May 13, 2024 /PRNewswire/ -- At the recently concluded Beijing International Automotive Exhibition, which drew nearly 900,000 visitors over a 10-day event, Chinese EV brands once again dominated the headlines. Some 28,000 foreigners were reportedly on the scene, with many taking profound interest in Chinese EV brands to study the models and try to decipher the reasons behind the popularity of Chinese brands. Chinese analysts and industry insiders pointed out that the competitiveness of Chinese EV industry comes from fierce competition, the advantage of industrial cluster and entrepreneurship. There is no "overcapacity," as the issue of industry capacity will be balanced by the market's invisible hand given the fierce competition existed in the Chinese market, the fact that Chinese automakers are not selling their EVs at prices lower than those billed at the home market and the global gap for more EVs to realize its green development goals, analysts noted. Industrial cluster There are several aspects of the strengths of the Chinese EV industries, which produce about 60 percent of the world's EVs, but none are associated with subsidies, analysts noted. The rising momentum of Chinese EV is in part fueled by the country's investment into its surrounding industries, experts noted, with the number of companies spanning the whole EV industrial and supply chain totaling over one million. Hefei, East China's Anhui Province, has in recent years built itself into an assembly center of NEVs, with a concentration of upper stream and lower stream suppliers providing the display panel, chips, batteries and artificial intelligence applications needed for building NEVs in a cost-effective way. In Changzhou, East China's Jiangsu Province, the local industry is closely focused around the manufacturing of power batteries. In fact, the city has 31 out of 32 major segments in the making of batteries, which means 97 percent of the total supply chain spectrum resides in the city, according to a Xinhua News Agency report in April, citing the city government. The city has more than 30 leading companies in national and global division of labor focused on the manufacturing of electrodes, separators and electrolytes - key parts in making batteries - with an annual industrial output of over 170 billion yuan ($24.02 billion). Qin Lihong, co-founder of Chinese EV maker Nio, told the Global Times that China's advantage in talent in the EV space is another reason. Nio has factories in Hefei. "To develop large number of applications used in EVs requires huge amount of man power and energy and China happens to be the place in the world with the most talents skilled in application research & development (R&D)," said Qin. "To develop a particular type of motor may need 100,000 man hours, and the West's per unit cost of R&D in EV is not in the same league with that of China. The resources of EV R&D are agglomerating toward China," Qin said. The allocation of resources has meant Chinese EV brands are better positioned to roll out their models in a cost competitive way that their global peers could not, Chinese analysts said. As a matter of fact, global auto giant such as Volkswagen is increasing their investment in cities like Hefei, to hitch a ride on China's industrial cluster. China's vehicle market got off to a good start in the first quarter of 2024, and NEV exports reached 307,000 units in the period, up 23.8 percent year-on-year, according to China Association of Automobile Manufacturers. In 2023, China's NEV exports totaled 1.2 million with an annual growth of 77.6 percent. Relentless entrepreneurship Chinese analysts pointed out that Chinese EV companies also draw their competitiveness from their relentless pursuit in innovation, despite the fact that the new-energy industry being a high-risk area, and contributed to the global transition toward green development by making NEVs cheaper and more popular around the world. It is the entrepreneurial spirit that have formed a part of the engine driving the Chinese EV industry ahead, analysts said. Xiaomi CEO Lei Jun, in a recent interview with state broadcaster CCTV, revealed that the company has thrown in nearly half of its total value, at some $10 billion, into the EV-making adventure to make its SU7, only to bet on a 10 percent success rate. Lü Xiang, research fellow at the Chinese Academy of Social Sciences, told the Global Times on Monday that even as Xiaomi's initial start with its SU7 is beyond expectation in terms of sales, there is no telling in the company's eventual success in the fiercely competitive domestic market. With Xiaomi's entry into the EV game, companies such as Tesla and Li Auto has announced cut in their offerings. Lei said he is not afraid of price wars and is prepared to take losses but aims to become the world's top five EV players in the long-run.
BEIJING, May 7, 2024 /PRNewswire/ -- A report from People's Daily Chinese President Xi Jinping's state visits to France, Serbia, and Hungary mark a major diplomatic move by China towards the European Union (EU). China and the EU are two major forces advancing multipolarity, two major markets in support of globalization, and two major civilizations championing diversity. The development of China-EU relations is crucial to the direction of the world development. China and the EU do not have clashing fundamental interests between them, or geopolitical and strategic conflicts. Their common interests far outweigh their differences. In the context of China-EU relations, the two sides should be characterized rightly as partners. Cooperation should be the defining feature of the relationship, autonomy its key value, and win-win its future. China always regards the EU as a strategic force in the international landscape, and takes the development of China-EU relations as a priority in its diplomacy. In the spring of 2014, Xi visited the EU Headquarters, where he proposed to jointly forge four major China-EU partnerships for peace, growth, reform and civilization. This vision remains unchanged and holds even greater practical significance under current circumstances. As the world today is becoming increasingly uncertain and unstable, it is crucial for both China and the EU to maintain close communication and focus on mutually beneficial cooperation, whether in driving their respective development or addressing global challenges. Facts have repeatedly proved that as long as China and the EU work together to set the right direction and tone for China-EU relations, they can achieve development that meets the interests of both sides and the expectations of the people. Currently, China is one of the most important trading partners of the EU, and vice versa. Despite the adverse effects of the global trade downturn, the total trade volume between China and the EU reached a remarkable $783 billion in 2023, with bilateral investment exceeding $250 billion. China is ready to be Europe's key partners for business cooperation, priority partners for cooperation in science and technology, and trustworthy partners for cooperation in industrial and supply chains. The two sides have the potential to achieve mutual success and shared prosperity. China has been continuously expanding high-level opening-up and fostering a world-class business environment that is market-oriented, law-based, and internationalized. Multinationals in European countries such as BMW, Volkswagen, Stellantis, and BASF, and SMEs such as SEB, a producer of small domestic equipment, are strengthening cooperation with their Chinese counterparts to seize new opportunities. Cooperation between China and the EU is steadily moving forward in emerging sectors such as digital economy, green development and environmental protection, new energy, and artificial intelligence. According to the Business Confidence Survey 2023 released by the European Union Chamber of Commerce in China (EUCCC), more than 90 percent of the surveyed European companies plan to make China their investment destination. The 2023 Annual Report by the China Chamber of Commerce to the EU (CCCEU) shows that more than 80 percent of surveyed Chinese companies plan to enhance their business in Europe. Both China and the EU should do more to increase the breadth and depth of cooperation and tighten the bond of shared interests. China's development and progress present opportunities for the EU, and a healthy and stable China-EU relationship will help the EU address its challenges. More and more Europeans are recognizing that China is an important partner for the EU to address energy and inflation challenges and enhance competitiveness. "Both the EU and China are firm practitioners of world multipolarity, economic globalization, and multilateral governance. Cooperation between the two sides serves their common interests and directly affects global stability and prosperity," said Yves Leterme, former prime minister of Belgium, highlighting the global significance of EU-China cooperation. In recent years, China and the EU have worked together to achieve the Joint Comprehensive Plan of Action (JCPOA) on Iranian nuclear issue and the Paris Agreement on climate change, playing an important role in bridging the security and governance deficits faced by the world. China is the world's largest developing country and Europe is home to more developed countries than any other continent. They are important to the world economy. Both China and the EU should remain vigilant in the face of a fragmented world economy and the rising tide of protectionism, and continue to pursue openness, uphold fair competition and free trade, avoid overstretching the concept of security, and resist anti-globalization. China welcomes the active participation of the EU and other European countries in joint pursuit of the Belt and Road Initiative and the Global Development Initiatives, and is ready to align with the EU's Global Gateway strategy, so as to leverage the respective strengths to help developing countries accelerate their development. In the face of the changing and volatile international situation, China and Europe need to build more "bridges." Both sides should work together to practice multilateralism, advocate openness and development, and facilitate dialogue between civilizations. They should jointly build an equal and orderly multipolar world and promote a universally beneficial and inclusive economic globalization, making greater contributions to world peace, stability, and prosperity.
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)
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