China Dynamics Actively Expands in the PRC and Overseas, Seizes Opportunities in NEV Market

HONG KONG, Jun 29, 2020 – (ACN Newswire) – China Dynamics (Holdings) Limited (the "Company"; (Stock Code: 476), together with its subsidiaries, collectively "China Dynamics" or the "Group"), a provider of new energy vehicles and technology integrated solutions, is committed to business expansions, continuously establishing its foothold in the PRC market while actively expanding towards overseas, and seizing opportunities to create synergies for the Group. Thanks to the growing sales orders in motor vehicles and better economies of scale, the Group recorded a revenue of approximately HK$5.1 million for the year ended 31 March 2020, or a year-on-year growth of 70%. Looking ahead, the Group will continue to seize opportunities from the rapid growth of new energy vehicle (NEV) market, actively exploring the PRC and overseas markets, thereby driving the overall revenue of the Group and towards a sustainable business strategy.

Eyes on the Huge Potential of PRC Market
The Group's subsidiary Chongqing Suitong New Energy Automotive Manufacturing Co., Ltd. ("Suitong") has secured sales order from Wulong County, Chongqing, for its 8.5 meter buses and is expected to deliver within this year. Although the EVs market remains highly competitive as of this moment, the market potential is tremendous and Suitong is believed to be able to capture a rewarding return from the PRC market in the years to come.

Expands Actively towards Overseas Markets
The Group expects to deliver two smart electric buses to the Hong Kong Productivity Council for trial run by the Airport Authority Hong Kong and the Hong Kong Anti-Cancer Society within year 2020. Meanwhile, the Group has secured several sale orders from South East Asia and South America for different EVs products. The Group is highly confident that sizable bulk orders will be concluded after those first orders of products are delivered. In addition, the Group has also secured a trial order of its logistic vehicles and buses to Europe and is expected to deliver soon. It is also confident to secure more orders from Europe after the trial period of this first lot of orders.

Completes Main Building Blocks of New Chongqing Plant
The main building blocks of new plant in Qijiang District of Chongqing have been completed. Installation of production equipment will be conducted on a demand basis in order to allocate more working capital for the new EVs orders possibly coming in shortly. The Group is still utilising the existing production plant and will continue to install production facilities when necessary.

Glauberite Mine Boasts Promising Market Potential
The product of glauberite mine is thenardite, which is a type of important raw materials used in chemical and light industrial manufacturing. The Group's wholly-owned subsidiary, Guangxi Weiri Mining Company Limited (the "Guangxi Weiri"), owns a glauberite mine located in Guangxi Zhuang Autonomous Region, the PRC. Guangxi Weiri has completed the purchase of land use rights covering 63,118 square meters of land and is working closely and regularly with the local government to resolve the land issue, and hopes to obtain access to another land parcel of 100,000 square meters for a factory site.

Share Repurchase Enhances Net Asset Value
To align with the management's commitment in enhancing the net asset value of the Company and protecting its long-term interest, a share repurchase exercise was implemented. During the year ended 31 March 2020 and up to the present, the Group has acquired 253,740,000 ordinary shares at an aggregate price of approximately HK$27.4 million. These repurchased shares of approximately 3.57% of the total number of issued shares of the Company have subsequently been cancelled.

Mr Cheung Ngan, Chairman of China Dynamics, said, "The COVID-19 has inevitably added further complications and challenges to the Group, but with the easing of worldwide lockdown, the overseas market orders have been resuming and become active again. We are very optimistic that our swift market plan can be successfully carried out within a foreseeable future. Going forward, the Group will closely monitor the market condition and adjust our business model to face the upcoming challenges, continue to seize opportunities from the rapid growth of NEV market, actively explore the PRC and overseas markets so as to enhance the Group's competitiveness, and create long-term value for the shareholders."



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

A Glimpse into BYD’s Blade Battery Factory in Chongqing

Chongqing, China, Jun 6, 2020 – (ACN Newswire) – On June 4, 2020, over a hundred members of the media and industry experts were given on-site access to the FinDreams Battery Factory in Chongqing that produces the BYD Blade Battery. This is the first factory tour that BYD has conducted since it debuted the Blade Battery on March 29, presenting the factory's intelligent manufacturing capabilities.



The BYD Blade Battery



Located in the city's Bishan District, the factory is currently the only production base for the Blade Battery. It possesses a highly demanding production environment and much of BYD's self-developed Blade Battery production equipment. The factory has a total investment of 10 billion yuan with an annual production capacity of 20GWH.

The nature of the factory's environment can be seen in the core production process. For example, requirements necessitate that within one cubic meter space, fine particles equivalent to 1/20th of a single hair (or a 5-micron particle, as a hair is 100 microns), cannot exceed 29, reaching the same standards as LCD screen production. The overall allowed humidity is limited to below 1% (the average daily humidity being 60-80%), and the humidity during a core production process cannot exceed 0.05% of the average moisture level. In addition, the temperature is kept constant at 25 degrees Celsius.

According to Sun Huajun, the Vice General Manager of FinDreams Battery, these demanding conditions are a "necessary foundation" to the Blade Battery's high safety standards.

"The nearly one-meter-long pole piece can achieve tolerances of within +/-0.3mm, and the accuracy and speed of a single-piece lamination have an efficiency of 0.3s/pcs. This is the first of its kind in the world. This form of lamination comes from BYD's completely independent development of its equipment and cutting-edge solutions – aspects that are uncopiable," he said.

In addition to laminations, the mixing of ingredients as well as the coating, pressing, testing, and other processes in the production of Blade Batteries have reached world-class standards. Whether it is the factory's high-precision sensors, the implementation of hundreds of robots, simulation systems, and quality control systems that comply with strict control standards, every production workshop, process, line, as well as the flow of information and intelligent control level follow exceptionally high standards. They serve as the bedrock for efficient and stable production, in turn forming the backbone of the Blade Battery's quality.

The Blade Battery refers to a single-cell battery with a length of 96cm, a width of 9cm and a height of 1.35cm, which can be placed in an array and inserted into a battery pack like a blade. Compared with ternary lithium batteries and traditional lithium iron phosphate batteries, it holds notable advantages in its high safety, long range, and enduring longevity.

The Blade Battery has notably passed the "nail penetration test", one of the most stringent safety tests in the industry. Due to its optimized battery pack structure, the volume utilization of the Blade Battery is also more than 50% greater compared to past products, with its cruising range reaching the same level as ternary lithium batteries.

In addition to solving the issue of endurance – once a previous limiter to the development of traditional lithium iron phosphate batteries – the Blade Battery can be charged from 10% to 80% of its full capacity within 33 minutes, supporting the BYD Han EV's acceleration of zero to 100km/h in 3.9 seconds. Furthermore, its accumulated mileage can reach 1.2 million km after 3,000 cycles of charging and discharging. In short, the Blade Battery outpaces ternary lithium batteries and traditional lithium iron phosphate batteries among the metrics of longevity, power, and strength.

The Han EV is BYD's flagship sedan model slated for launch this June. "BYD's Han EV is the first electric vehicle equipped with the Blade Battery, possessing a cruising range of 605km with a single charge," said Li Yunfei, Vice General Manager of BYD Auto Sales.

About BYD Company Ltd.

BYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com

Contacts:
In Asia-Pacific:
Richard Li, pr@byd.com
Tel: +86-755-8988-8888-69666

In North America:
Frank Girardot, frank.girardot@byd.com
Tel: +1 213 24 5 6503

In Europe:
Penny Peng, penny.peng@byd.com
Tel: +31 102070888

Source: BYD Company Ltd.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

APOLLO FUTURE MOBILITY GROUP Announces 2020 Interim Results

HONG KONG, Jun 1, 2020 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company", HKEx stock code: 860.HK; and together with its subsidiaries, the "Group") announced its first interim results for the six months ended 31 March 2020 (the "Period") since its change in strategic position to become one of the world's leading full-service mobility solutions provider.

Despite being faced with numerous macro challenges during the Period, the Company had successfully aligned its focus to the mobility technology solutions market and made progressive changes to the company structure. The Group recorded a moderate revenue of HK$256.9 million amidst drastic economic downturn caused by the COVID-19 outbreak, in comparison to the 2019 interim results of HK$281.1 million. The Group's loss attributable to owners of the Company for the Period was HK$203.4 million, which was mainly attributable to the fair value losses on financial assets and investment properties caused by the global market declined as well as the impairment of goodwill due to the termination of its legacy businesses. The board of directors are confident of the Group's outlook after all acquisition plans, thus will retain the capital for future developments and in creating shareholder value in long-term.

Successful Completion of Apollo Acquisition and Rebranding

The Group's English name was changed and registered as "Apollo Future Mobility Group Limited" on 13 March 2020 subsequent to the completion of the acquisition of Sino Partner Global Limited ("Apollo"). This transformation marks the Company's determination in capturing new potential business opportunities and future developments in the mobility industry, and will better reflect the Group's business strategies and expansion in new energy vehicle ("NEV(s)") solutions and services.

Additionally, to further strengthen its ability to provide cutting edge technological solutions, the Group announced in October 2019 the proposed acquisition of Ideenion Automobil AG, a German mobility solutions provider principally engaged in the design, development and prototyping of internal combustion engine vehicles and NEVs (dubbed "Project Ideenion"). With its advanced design and engineering expertise, Project Ideenion will further enhance the Group's ability to provide high-end technological solutions to customers upon the acquisition's targeted completion in this year.

Following the acquisition of Apollo, the Group rebranded and focuses its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil's and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

Steadfast Blueprint for Business Development

During the Period, and prior to the completion of the Apollo acquisition, Apollo delivered two (2) of its flagship hypercar model, the Apollo Intensa Emozione (the "Apollo IE"). Delivery ceremonies took place in Miami, USA and Kyoto, Japan in late 2019. The delivery of the first two (2) Apollo IEs received worldwide media coverage. The Group is now working diligently on delivering the remaining eight (8) Apollo IE by 2021 and creating the next generation consumer products. Both Apollo and GLM, subsidiaries of the Company, are in the process of designing and developing next generation self branded vehicles. The Group is confident in its robust product pipeline and the future of its mobility business.

Regarding the mobility solutions segment, in response to national policies for rapid development of electric vehicle ("EV(s)"), the Group grasped new opportunity to accelerate its business expansion plan in China's NEV market by establishing a joint venture company (the "JV Company") with Jiangsu Jemmell New Energy Automobile Company Limited (a related company of Jiangsu Jinpeng Group Company, one of the PRC's largest EV tricycle manufacturers) during the Period. The JV Company will engage primarily in the design, research and development, and production of NEVs under the "GLM" brand and related automobile parts, along with related technical support and after-sales services. The EVs produced will be targeting the younger generations to meet the market demands in the PRC, Japan, and Southeast Asia.

Significant Breakthrough in Technological Advancement

GLM made significant breakthrough in technological advancement by cooperating with ROHM Co., Ltd ("ROHM"), a leading semiconductor and electronic component manufacturer in Japan, in co-developing 800V silicon carbide ("SiC") dual inverters which can greatly reduce the charging time of EVs. To maintain its competitive edge, not only will the Group continue to accelerate its progress for the launch of the disruptive 800V SiC dual inverter, but also consider cooperation opportunities with motor manufacturers to market the new 800V SiC dual inverter, coupled with the battery management system with solid state battery and the motor manufacturers' own motors as a complete package to international OEMs. The Group is also exploring a licensing model to propel a new revenue stream in the near future and to better focus on research & development and innovation.

Furthermore, the Group is in the process of developing its own vehicle control unit, which is used to control all functions of the vehicle. The Group will continue to make unremitting efforts to optimize its core technologies and strengthen its capabilities of providing state-of-the-art solutions.

Propel New Revenue Source with Licensing Model

The Group has been actively exploring different sources of income leveraging on its renowned brand name and proprietary technologies. Apart from exploring to license its newly developed dual inverters, in May 2020, Apollo entered into the License Agreement with De Tomaso Automobili Limited ("De Tomaso", an Italian car-manufacturing company focused on making sport cars) whereby De Tomaso is granted the rights to use the new vehicular platform designed and developed by Apollo ("the Platform") in their "De Tomaso" branded vehicles worldwide at a minimum aggregate license fee of US$10,000,000 (equivalent to approximately HK$78,000,000) with a term of three years. The Group expects that the first-class Platform will also appeal to other automobile OEMs and hence continue to generate more revenue to the Group under the licensing model. It will continue to explore similar collaborations in the future to fulfill its mobility strategy.

"The first half of FY2020 had been a challenging period for businesses across all sectors. Despite the complications, our Group was fortunate to be comparably less affected as others,"

"The full transformation to an integrated mobility technology provider and the COVID-19 pandemic put slight stresses to our books temporarily. However, in light of favorable policies such as incentives for the deployment of charging infrastructure and technological advancement, the rapid growth momentum of the global mobility engineering market is expected to grow with unprecedented opportunities. It is expected that the demand for mobility solutions will increase in the long-term as OEMs look for significant cost reductions while outsourcing offers considerable ongoing savings and valuable innovations." comments Mr. Ho King Fung, Eric, Chairman of Apollo Future Mobility Group.

Mr. Ho continues, "Our Group is confident that as the PRC gradually opens its automobile market to foreign automobile companies, the Group will be able to partake with our proprietary technologies accumulated through recent acquisitions and strategic cooperations. Along with our recent exciting progress with De Tomaso, we are set to be a pioneer in the mobility technology solutions market, and seek to further expand our footprint across the globe in the coming years."

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited ("AFMG", stock code: 860.HK) is a leading integrated mobility technology solution provider with proprietary technologies that are disruptive to mobility industry. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of globally advanced mobility assets and networks.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as "Apollo Future Mobility Group", focusing its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

The Group's subsidiaries include Apollo Automobil, a high-performance European hypercar developer, and GLM Co. Ltd, the first electric vehicle developer in Japan. In addition, the Group has also expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D metal printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For more details, please visit http://www.apollofmg.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Paice, Abell, and Daimler Agree to License Patented Technology

BALTIMORE, MD / ACCESSWIRE, May 29, 2020 – (ACN Newswire) – Paice and Daimler have reached an agreement to license patented hybrid technology.







Paice was an early leader in electrified vehicles. The company was awarded its first hybrid vehicle patent in 1994, long before most automakers began seriously focusing on ways to improve fuel efficiency and reduce emissions. Paice's technology proved valuable and helped accelerate the growth of the hybrid vehicle industry. An independent analysis concluded that Paice owns the most dominant hybrid vehicle patents in the world.

"We've reached several licensing agreements in the past two years without the need for litigation. These agreements make a lasting impact in our community by supporting the good works of the Abell Foundation," said Paice Executive Chairman Frances Keenan.

During the company's early years, Severinsky worked closely with two experienced automotive veterans: Bob Templin, a Paice board member who had served as chief engineer of Cadillac and technical director of GM's Research Laboratory; and Ted Louckes, a 40-year veteran of General Motors who served as Paice's Chief Operating Officer and was instrumental in developing Paice's hybrid technology alongside Dr. Severinsky.

About Paice (www.paicehybrid.com)

Dr. Alex Severinsky, a Russian immigrant, founded Paice in 1992 with the support of the University of Maryland. The company has been awarded 30 U.S. and foreign patents. It has licensing agreements with many of the world's leading automakers.

About the Abell Foundation (www.abell.org)

The Abell Foundation, a Baltimore-based charitable organization dedicated to fighting urban poverty and promoting social objectives by investing in progressive local start-ups, is a co-owner of the Paice patents. Since 1999, Abell has helped support Paice's efforts to develop and promote its hybrid technology.

For More Information
Joyce Fitzpatrick | joyce@fitzpatrickcomm.com | (919) 247-4400

SOURCE: Paice

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AFMG Announces Successful Co-Development of Disruptive New Generation 800V SiC Dual Inverter with ROHM

HONG KONG, May 13, 2020 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company" ; SEHK stock code: 860.HK; and together with its subsidiaries, the "Group") is pleased to announce that following the recent completion of its rebranding, the Group's new business direction has already yielded positive results. AFMG subsidiary GLM Co., Ltd ("GLM"), has successfully co-developed a new generation of 800V silicon carbide ("SiC") dual inverter with ROHM Co., Ltd. ("ROHM"), a well-known Japanese semiconductor and electronic component manufacturer. This is the first important milestone following the joint announcement made by the two parties on 18 February, 2020 regarding the cooperation. Apollo Automobil, an indirect non-wholly owned subsidiary, also announces entering into a license agreement with supercar brand "De Tomaso" whereby De Tomaso will license Apollo Automobil's new vehicular platform in the production of its future vehicles. The Group feels confident and optimistic of its journey into the future of mobility.

Successful Co-Development of Disruptive New Generation 800V SiC Dual Inverter with ROHM
Significantly Reduces Charging Time of EVs
AFMG focuses on mobility technology innovation and has recently made new progress. As compared to the current commonly seen 400V insulated gate bipolar transistor (IGBT) inverter, the new generation of 800V SiC dual inverter, coupled with solid state battery (SSB) battery management system (BMS) can greatly reduce the thermal output, weight and size of the inverter as well as the charging time required. It also allows us to use dual inverter technology to enable independent energy output for each tire, so that the controlling performance is greatly improved with stronger grip.

According to preliminary research data, we can achieve 70% reduction in charging time compared to electric vehicles ("EV") on the market which normally takes 40 minutes – by reaching 80% charge in 12 minutes. The Group targets to further shorten

the charging time to 5 minutes by the end of 2021. Prototype production is expected to complete in June this year while testing in drivable electric prototype cars will commence at the end of 2020. Mass production is expected to begin in spring 2022.

The Group is considering cooperation with motor manufacturers to market the new 800V SiC dual inverter, jointly developed by the Group and ROHM, coupled with the BMS with SSB, as well as the motor manufacturers' own motors, as a complete package, to international mobility brands. The Group is exploring a licensing model to further expand the source of revenue and to better focus on research & development and innovation.

Apollo Platform to be Licensed by Supercar Brand De Tomaso
Enhances Group Market Potential
AFMG also announces Apollo Automobil, an indirect non-wholly owned subsidiary of the Company, entered into the License Agreement with De Tomaso Automobili Limited ("De Tomaso") whereby De Tomaso is granted the rights to use proprietary Apollo platforms ("the Platforms") in "De Tomaso" branded vehicles worldwide at a minimum aggregate license fee of US$10,000,000 (equivalent to approximately HK$78,000,000) with a term of three years commencing from 12 May 2020 and ending on 11 May 2023.

Apollo Automobil is designing and developing a new vehicular platform which can be used in various types of vehicles worldwide. The Platform includes a complete rolling chassis including crash structures, full powertrain, electronics and suspension, and is proprietary to Apollo Automobil. The cooperation will strengthen the Group's business strategy of creating a turnkey platform for "Future Mobility" and will be able to leverage on the success and branding of De Tomaso to demonstrate its capabilities to other potential customers.

Profit Warning for the Six Months ended 31 March 2020*
The Company also announces profit warning to inform the shareholders of the Company and potential investors that the Group is expected to record an increase in consolidated net loss (the "Expected Loss") for the six months ended 31 March 2020 as compared with the consolidated net loss of approximately HK$25,651,000 for the six months ended 31 March 2019.

The Expected Loss is mainly attributable to, among others, (i) the expected decrease in fair value on certain financial assets due to the global market decline; (ii) the potential impairment of certain goodwill due to the termination of the wholesale distributorship of jewellery products and watches in Mainland China; and (iii) the expected decrease in fair value on investment properties due to the softening property market in Mainland China. Following the shift of business focus in recent years, the Group expects factors affecting past results will gradually subside.

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, comments, "Inverters and batteries have been the bottleneck of R&D in EVs. The achievement of the new inverter is all attributable to the unrelenting efforts of our R&D team who always strives for technological breakthrough in future mobility. The Group plans to apply this revolutionary technology into the new EVs of GLM and believes that it can be further expanded into other EV systems in the future, creating a better all-round experience for users by reducing the charging time required."

Mr. Ho continues, "As for the licensing agreement with De Tomaso, we are pleased to have this opportunity to work with such a prestigious and iconic supercar brand. We believe the collaboration further enhances the Group's brand awareness and expansion into the global mobility market, fostering its future leading position. In sum, we are excited about the future of AFMG and are confident of the Group's new direction."

*The Company is still in the process of preparing and finalising the results of the Group for the six months ended 31 March 2020. The information contained in this announcement is only based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the six months ended 31 March 2020 currently available to it, which has not been reviewed nor audited by the Company's auditors and are subject to finalization including but not limited to fair value adjustments on investment properties and certain financial assets, impairment assessment on goodwill and other intangible assets and other necessary adjustments.

Shareholders and potential investors are advised to read carefully the interim results announcement of the Company for the six months ended 31 March 2020 which is expected to be announced on or before 31 May 2020.

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited ("AFMG", stock code: 860.HK) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as "Apollo Future Mobility Group", focusing its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

The Group's subsidiaries include Apollo Automobil, a top-tier European hypercar developer, and GLM Co. Ltd, a leading electric vehicle developer in Japan. In addition, the Group has also expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For more details, please visit http://www.apollofmg.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

World Go : Car Rental and Car Service Unifying Theory

DIAMOND BAR, CA, May 9, 2020 – (ACN Newswire) – Yihang Duan is an exemplary millennial entrepreneur. Born in China and residing in the United States, Yihang has found experience wherever he explored and used this wisdom to create new business ventures. Already a veteran of several industries, his resume includes roles as the Chairman of Beijing Zhongyi Aviation and the Zhongtian Longyuan International Auction company. This is in addition to founding a diverse field of companies that include Zhongda Kangcheng Financial, Beijing-based Carat Star Jewelry, and Zhongrong Huitong Asset Management in Liaoning.



Yihang Duan, CEO of World Go Luxury Car Rental



In 2017, he entered the online travel industry with his launch of Prince Travel, a technology driven online car rental platform with a foothold in 21 major Chinese cities. By the end of December 2019, Prince Travel had 3.8M members, a fleet of nearly 6,000 vehicles, and accumulated revenue of nearly RMB 360M (over USD 50M).

Mr. Duan continues his growth as a global business pioneer. After success in the Chinese market, he led core members of the Prince Travel team to form World Go in New York, establishing their headquarters on the city's iconic Wall Street. Taking lessons from Prince Travel's model, his new company embarks on a bold journey to build an all-in-one platform that provides luxury car rental, tourist group vehicle rentals, airport pickup and drop-off, car-on-demand services, and even secondhand car trading.

In partnership with travel agencies, World Go reached a new milestone in March 2020 as business expanded across the United States, as well as the UAE, and Japan.

In April, Yihong Duan sat with Seattle Chinese Radio for the following interview.

> What was the motivation behind naming the company 'World Go' and putting headquarters on Wall Street?

YD: With the name World Go, we saw it as the most straightforward way to share our message. We hope that our users, from all around the world to choose our service whenever they need to go somewhere, anywhere, without hesitation. Likewise, the physical setting is to put us in line with our goals. We aim to be listed on NASDAQ within three years. Wall Street, as a world financial center, holds an unmatchable place within the international business world.

> Why choose the international market? Can you tell us about your current global presence and plans for developing overseas?

It's the simple idea of getting a bigger piece of a bigger cake. The global market is 5-6 times larger than the Chinese market. It creates enormous potential for us as well as encouraging more development and innovation.

Currently, we are providing our services in Dubai, Abu Dhabi, the United States, and Japan. Due to logistics, laws, and regulations, expanding globally is certainly more ambitious for an early-stage business than trying to smooth out domestic growth. However, our goals are relatively conservative and based on a wealth of experience within the different industries we are merging here. We are starting with services in 10 countries but within the next 5 years, we target operating a fleet of over 400,000 vehicles in major cities across at least 180 countries. Starting from car rental services, we will later introduce airport pick-up and drop-off and car-on-demand service. From there World Go will incorporate free return car services and off-site exchange services in every one of those countries.

> Why operate within the travel industry and where do you see that industry heading into the next ten years?

When we think of daily needs, it is easy to recognize food, clothing, shelter, but more and more we realize that transportation has become a basic need. At World Go, we approach travel itself as an indispensable need. And just as basic needs result in different tastes and varied styles, we find that in travel. Therefore, technology becomes a method for us to satisfy our travelers and users.

Within the travel industry, there are many ways to get from one place to another and with the development of internet technology, travelers are looking for services to make things more readily available and easy to manage. I believe in a unifying "big data travel platform" to put it that way. I envision a means to bring the diversity of travel methods to one place on behalf of the user. A "big data travel platform" that understands the user better and focuses on service to streamline the process and cater to their preferences.

> Could you tell us more about Word Go's focus on rentals and leases as well as tourism as a whole?

We begin to answer that question by first understanding the user's perspective and how we grow the platform from there. We can speak at length about different car brands and what a vehicle means to different people, but specific to the modern traveler, the essence of the car is a means of transportation. With the progress and development of society, car ownership in general, and therefore the car itself, is no longer a representation of social status or societal right of passage. We are at a point where people are opting to use a car rather than to own one. A commuter car for a businessperson, a family vehicle for a parent, and even a dream car for a young person does not necessarily have to be purchased. Car rentals solve these needs as the desires shift, even as the same traveler may shift from one vehicle for work trips to a different vehicle for vacations. Finding these solutions creates massive potential for growth.

In regards to tourism, we see the desire to travel as an inevitability for people. Looking at people that look to travel outside of their countries as well as those that wish to travel outside of their homes, it's something that appeals to the young and old, individuals and families from around the world. Yet we are also seeing travelers turning away from large, structured group tours to the freedom of independent travel. People are popularizing the do-it-yourself approach of renting a car or catching a ride to see the world how they please. The trend is pushing the new breed of car rentals, including segments like self-driving cars, from emerging markets to maturation.

I mentioned that our goal is to combine various transportation needs with various modes of travel and integrating things like single-use car trips, longer duration rentals, specialty vehicles, shuttles, etc. But we are building off of our existing strengths and capabilities to pave forward on a solid foundation. We are looking first at our existing in-house Internet technology team, procurement channels, vehicle maintenance network. We have a highly successful precedent with what we accomplished in China. Within five months we tackled all major market segments and reached our target customers. Within six months, we were profitable. Now we must evolve our team and practices to reach new goals.

> And the choice of luxury cars?

Now is the era of quality of life, so to speak. Everyone is recognizing that each of us, regardless of background, has the right to enjoy life to the fullest. Providing high-quality options without a significant difference in price coincides with our belief that people tend to – in fact, feel better about – selecting the higher quality option. Therefore if we can minimize the cost through the entirety of the supply chain, we will create a reasonable price for the end-user. If we can provide the best service at relatively similar pricing, then customers will definitely choose our luxury cars.

To that end, we host a vast selection of high-end brands. We have Mercedes-Benz, BMA, Audi, Lexus, Infiniti, Land Rover, Jaguar, Porsche. We offer elite cars like Rolls-Royce, Bentley. And of course, sports cars like Ferrari, Lamborghini, McLaren. We also carry different models of each brand. Most of our vehicles are fuel cars as defined by the market demands but some are electric. Again, this comes to choice, customers can use our rental cars to experience the privilege of driving a luxury car but of course, we will be happy to serve them if they are choosing something outside of the luxury lines. Our goal remains the satisfaction of the user.

> Looking at your current model, what areas are you investing in the most and how does this compare to other companies' overhead?

I'd say the cost of manpower and access to vehicles is a given for every player within the rental industry. However, where we see the distinction is in the cost of stores and hubs. The number of top rental car company stores that operate around the world ranges from a few thousand to more than 10,000. These are stores that were placed there, sometimes involving large construction projects, with only limited information on the rental customer. That is where we are different from these companies. We analyze data first though the lens of Internet technology to then designate a central point of car demand. This way, we are bringing our locations closer to the customer, to grant more flexibility in how they use our service. Not only can we accept an advance reservation, but we are also in a position to send a vehicle to the user as their immediate, even spontaneous need for a car may arise.

> What is your prediction for traditional car manufacturers entering the tech-driven travel market?

The automobile manufacturing industry is undergoing a revolution. There are many factors at work including the rapid development of the mobile travel market, transportation via dispatch, and the maturation of autonomous driving technology. Car manufacturers are realizing they need to customize production to meet the needs of the new market. Their model moving forward will have to incorporate the overall change from distributed individual ownership of a property to centralized and shared use of vehicles. We have to keep in mind that the car companies were founded on the premise of sales and in contrast the goal of Internet platforms and entrepreneurs is always good user experience. As manufacturers are already embracing technology, I expect increasing cooperation with Internet platforms to produce products that better meet these new operating needs.

> How do you define "environment-friendly" and what does that mean to World Go?

From our point of view, car rental and shared use of vehicles are in themselves environmentally friendly, resource-conscious, and energy-saving. By giving people the option to use a car only as they need to, it reduces the number of cars that are purchased as a whole and does not lock owners into one vehicle. For example, if a parent needs a large vehicle with less fuel efficiency only part of the time for family transport, they won't need to use that vehicle all of the time; they will have the freedom to switch to a more fuel-efficient model for their solo commute to work. From there, society can approach other issues such as infrastructure efficiency and emissions. In many ways, it allows us to focus on environmental protection.

> What are your biggest challenges moving forward?

It would be much easier to create a platform that is only useful for specific situations. However, our vision is to build a fully-integrated platform that can be useful in every conceivable scenario. World Go is committed to anticipating every customers' potential needs and providing a customized solution every time. In the long run, continuously providing high-quality service is our biggest challenge. Service will be our main differentiator. The more we understand our users, the better we can prepare, and the more likely we are to evolve into a market leader.

Facebook: https://www.facebook.com/WorldGoUS
Instagram: https://www.instagram.com/worldgo.us/
Apple Store: https://apps.apple.com/us/app/world-go/id1499467014
World Go Web (Ch): http://worldgooo.com/

Contact: Yihang Duan, World Go Corporation, Diamond Bar, CA.. harry@qichuxing.com, +(1)323-646-7777



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

We Solutions (860.HK) Changes Name to Apollo Future Mobility Group Limited

HONG KONG, May 9, 2020 – (ACN Newswire) – Apollo Future Mobility Group ( AFMG; 0860.HK; formerly 'We Solutions' ) is pleased to announce completion of its rebranding exercise, and the official registration of new English Company name, Apollo Future Mobility Group Limited. The stock short name will become APOLLO FMG, with effect at 9:00 on 13 May. The Chinese Company name and stock short name will remain unchanged. Meanwhile, the Company has adopted a new company logo, and the website address will change to www.apollofmg.com, signalling the Group's embarkation on a new journey to proactively promote its mobility technology business, and its determination to explore in-depth technological innovation, aiming to establish a new standard as an integrated mobility solution provider.

With the advancement and transformation of the global mobility industry, the Group foresaw ample potential in this marketspace. Through a series of strategic mergers and acquisitions, the Group has successfully transformed into an integrated mobility solution provider. In March, the Group completed the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer. By integrating the technologies of Apollo Automobil with the Group's existing electric vehicle businesses, the Group is able to create a disruptive full-service mobility technology solution platform from ideation, design, modeling, engineering and simulation to prototype production, and actual testing to the delivery of pre-production prototypes to customers.

The acquisition of Apollo Automobil injected state-of-the-art mobility technologies and exceptional brand value into the Group. The acquisition further strengthens the Group's ability to become one of the world's leading technology solution providers of the new energy vehicle and mobility industry. The name change will better reflect the Group's business strategies and expansion and its determination to make a statement in the future of mobility, as well as enhancing its corporate image and competitiveness.

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, said, "The completion of the Group's rebranding marks a significant milestone in our corporate development and transformation into an integrated mobility solution provider. The series of recent strategic transactions signifies our resolve in becoming a pioneer in future mobility. The Board believes the new English name and logo of the Company uplifts our corporate image and will benefit future business development of the Group and conform to the overall best interests of its shareholders."

About Apollo Future Mobility Group Limited

Apollo Future Mobility Group Limited ( AFMG; 0860.HK ) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as Apollo Future Mobility Group, focusing its business development on twin pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the Apollo brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies.

The Group's subsidiaries include Apollo Automobil, a top-tier European hypercar developer, and GLM Co. Ltd, a leading electric vehicle developer in Japan. In addition, the Group has expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For further details, please visit http://www.apollofmg.com.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Developing the Intelligent Commercial Vehicle Business Jointly with a Strong Partner, Wuling Motors Will Have a Promising Future

HONG KONG, May 6, 2020 – (ACN Newswire) – The outbreak of COVID-19 impacts the global economy unprecedentedly. In this epidemic, the state has repeatedly stressed the investment plan of "New Infrastructure Construction", which aroused strong response.







The "New Infrastructure Construction" is comprised of seven major sectors, including charge stations for new energy vehicles (NEVs), which also highlights the importance of NEVs.

The industry of new energy intelligent cars is also included in the development strategy of the automobile industry, so major global technology companies are investing a huge sum of money in its research and development.

On April 9, Alibaba DAMO Academy announced that they have independently developed an ISP (Image Signal Processor) for on-board cameras, which can greatly improve the safety of autonomous driving. At present, ISP has been applied to autonomous driving logistics vehicles, and the performance in drive test reaches at the industry-leading level.

From the trend of major companies like Alibaba, we can see that the development of intelligent commercial cars is stepping up.

Recently, Wuling Motors and UISEE joint together to manufacture higher-quality products of intelligent new energy commercial vehicles. Liuzhou Wuling Motors Co.,Ltd., a holding company under Wuling Motors Holdings (HK0305), announced that it has entered into a "Letter of Intent for Strategic Cooperation" with Uisee Technology (Beijing) Co., Ltd. The Parties will cooperate on a multi-scene, high-level intelligent autonomous driving system to jointly promote business. The main subjects of the Parties include their subsidiaries, joint research center and joint R&D projects. The Parties are willing to establish a long-term strategic cooperation relationship and become strategic partners in the development of automobile business. Beyond doubt, this is a great step for Wuling Motors towards the development target of intelligent commercial cars in intelligent, connected and dynamoelectric trend of automobile industry.

UISEE, the target of Wuling Motors's strategic partner, is the leader in the commercialization of unmanned driving in China, with significant technical advantages in the research and development (R&D) of autonomous driving core components such as automatic driving algorithm, full-function automotive grade intelligent driving controller and intelligent driving service cloud platform.

Meanwhile, UISEE is also active throughout the country. Its headquarters is in Beijing with a R&D center, and its branch company is in Shanghai with a R&D center, and test and application innovation center in Zhejiang. In addition, there are many offices in Shenzhen, Liuzhou and Chengdu.

Currently, UISEE has formed an L 3-L 4 intelligent driving system that can be deployed on a large scale in business, and collaborated with many important customers to innovate and apply intelligent driving in a variety of business scenes. In 2019, UISEE will cooperate with SGMW to operate normal unmanned logistics in Baojun Base. The unmanned logistics project at Hong Kong International Airport has also been operated normally, which is the first unmanned logistics vehicle operation project at an airport in the world.

We are familiar with Wuling Motors's high-level technology and rich experience in traditional automobile manufacturing, but few of us know that Wuling Motors is also a leading enterprise in developing unmanned sightseeing cars. In August 2018, Wuling 5G remote control autonomous vehicle was put into trial operation in Beijing University of Posts and Telecommunications for the first time and succeed. Wuling 5G intelligent driving car was developed based on 5G mobile communication platform. As one of the important achievements of the national 5G network construction and application demonstration project, Wuling 5G remote control autonomous driving sightseeing car was unveiled and operated at the 12th China (Nanning) International Garden Exposition in December 2018. In the Exposition, the tourists have opportunities to drive and ride the car. By the first week of the opening, the 2-hour live video streaming of autonomous driving car has gained million views!

In October 2019, Wuling Motors's 5G intelligent driving sightseeing car was put into trial operation in Banbianshan Intelligent Scenic Zone, Xiangshan County, Ningbo City, Zhejiang Province. The customers purchased services of unmanned sightseeing car and Wuling Motors provided customers with multiple security services in vehicles, technology, network, on-site safety officer training. By this way, Wuling Motors can promote the introduction of 5G intelligent driving sightseeing cars into the tourism park and realize the commercial operation of intelligent driving sightseeing car. According to the news on its official WeChat, Wuling Motors's another operation site was located at Liyuan Resort, Nanning in May 2020. The new-type ring-seat Wuling intelligent sightseeing cars have undergone multiple technological upgrades: the new model, without traditional steering wheel but equipped with the handle remote control function allowing people to drive the car instantaneously under special road conditions, can be operated by the remote control handle to start, move forward and backward, turn and stop. Moreover, anti-epidemic devices such as intelligent face temperature measuring equipment are also arranged in the car to ensure the safety of passengers.

It is reported that Wuling Motors has been committed to the commercial operation of unmanned technical products under closed scenes, so the company has strong resource advantages in intelligent driving vehicle manufacturing, operation service and after-sales guarantee. Now, Wuling Motors is also developing intelligent driving commercial vehicle models and innovating scenes modes with partners including Nankai University, Roadover Technology and China Mobile.

It is said that Wuling Motors is planning to expand the applied range of unmanned vehicle products into the field of commercial logistics through this cooperation, i.e. distribution scenes of production materials such as raw materials, semi-finished products and products for large-scale factory areas and logistics parks. What is more, UISEE has rich and successful experience in the technical research and commercial operation of unmanned logistics vehicles in the factory. Thus, the cooperation between the Parties will contribute to flexible deployment and quick application of unmanned logistics solutions in the factory area, so as to introduce more efficient, economical and safe unmanned logistics vehicles and enable enterprises to improve production capacity and gain more benefits in development.

We believe that Wuling Motors will not only realize the operation of Wuling intelligent sightseeing car, but also show striking performance in intelligent logistics products and provide intelligent driving experience soon after.

The "New Infrastructure Construction" is driving China's economy to release new momentum, and the new four ways for realizing modernization ("industrialization, informatization, urbanization, agricultural modernization") also draw higher requirements for traditional car companies. In the good external development environment of intelligent new energy commercial vehicles, whether Wuling Motors can be a dark horse in the intelligent commercial vehicle market with the positive market guidance of the state and its own efforts? We are always looking forward to the answer.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

2000 km on a Single Charge: Brighsun’s Li-S Batteries to Enter Industrial Trials

FRANKSTON, AUS, Apr 21, 2020 – (ACN Newswire) – Lithium batteries will soon power Electric Vehicles (EVs) traveling 2,000 km on a single charge, say the team at Brighsun New Energy. The company is preparing for industrial trials later in the year for a range of lithium-sulfur (Li-S) batteries that can power a cell phone for over a week and can theoretically travel close to 2,000 km on a single charge. The revolution is underway.





Lithium Sulfur (Li-S) Battery Technology Breakthrough

Through nearly 8 years of research, the Brighsun team developed lithium-sulfur (Li-S) batteries with an energy density 5-8 times higher than conventional secondary batteries. According to results from an internationally accredited testing agency (SGS), Brighsun's new technology allows an Li-S battery to keep 91% of its initial capacity after 1,700 cycles at a rate of 2C (being fully charged/discharged in 30 mins). That means the capacity decay per cycle is as low as 0.01%. Even at a more aggressive rate of 5C (being fully charged/discharged in 12.5 mins), Brighsun's Li-S battery retains 74% of its initial capacity after 1,000 cycles (capacity decay per cycle of 0.026%). The cathode energy density for the 1th cycle after activation at charge rate of 1C is 2103.8Wh/kg.

Driven by the growing markets world-wide for EVs, the battery industry has explored a range of chemical combinations: lithium iron phosphate, lithium cobalt oxide and, currently, nickel manganese cobalt. However, current battery systems still suffer from the major disadvantages of relatively low energy density, high raw material costs and secondary pollution during recycling.

A Game Changer

Brighsun's advanced Li-S chemistry, offering high energy density and resultant low raw material costs, will be a game changer in the EV industry. Li-S batteries also have the potential to become the most promising energy storage systems for future railways, ships and airlines. Industries such as electric supply grid storage, mobile phones, drones and AI will also benefit from dramatically higher energy density storage provided by Brighsun's new battery system.

Companies in the US, Germany, Korea and China have been developing Li-S batteries and have achieved promising breakthroughs. However, these systems still face a number of challenges, including volume expansion of cathode materials during cycling, the shuttling effect of polysulfides, and the dendritic growth of lithium on the anode. This results in shorter cycling life and poor fast-charging capability, both major obstacles to their application in the world automotive industry.

Brighsun's Revolutionary Approach

Brighsun has patented Li-S battery technology that prevents the generation of polysulfide on the sulfur cathode and effectively suppresses dendritic growth of Li on the anode Li-S, paving the way for Li-S battery use in EVs.

The company has already developed processes for the production of cathode materials (electrolytes, separators and lithium sheet anodes), of which the core materials (anodes, electrolytes, and separators) can be produced in batches. Trial production of high-power cells with an expected energy density in excess of 1,000 Wh/kg is about to begin. Brighsun is also developing a solid-state electrolyte compatible with its Li-S system, aiming at further improvements in the cycling life, energy density and safety of its Li-S batteries.

Plentiful and Low Cost Battery Materials

The main raw materials for Brighsun's Li-S batteries are widely available in Australia, with a supply sufficient for hundreds of years. Indeed, at under AUD100 for 1kWh, the expected production cost of Brighsun-branded 2U Li-S batteries is lower than conventional lithium ion batteries – providing a major boost to the development of electric vehicle and related industries in Australia and around the world.

Going Forward

Brighsun is currently in discussion with potential investors in the large-scale trial production of Li-S batteries. The development process for large-scale production is expected to be finished by end-2020, followed by the mass production of Li-S batteries.

Brighsun's new energy-dense Li-S battery is expected to accelerate EV take-up around the world, spurred by dramatically improved single-charge travel performance, low cost and long life. Combined with the relative simplicity of EV design compared to internal combustion engine/hybrid vehicles, consumers and the industry alike are set to benefit from lower cost, emission-free transport. At the same time, Brighsun's 2U Li-S batteries offer huge benefits to the mobile phone and solar-electric storage industries, generating dramatic performance improvements in both.

About Brighsun EV Group

Brighsun sees its EV technology as a contribution to society's need for more cost effective and less polluting transport. Our Head Office is in Australia and focuses on using new energy technology to produce market ready solutions. Our intellectual property is fully owned by Brighsun and patented in Australia. Our technology comes from our research & development, critical to maintaining our competitive edge. We are building a production base built on our world leading technologies in lithium batteries, and expanding our Zhejiang battery production. For information, please visit http://www.brighsun.com/Index_En.asp.

Brighsun
Sherry Xiao
Frankston, Australia
kevinhuang@brighsun.com
http://www.brighsun.com


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

2000 km on a Single Charge: Brighsun’s Li-S Batteries to Enter Industrial Trials

FRANKSTON, AUS, Apr 21, 2020 – (ACN Newswire) – Lithium batteries will soon power Electric Vehicles (EVs) traveling 2,000 km on a single charge, say the team at Brighsun New Energy. The company is preparing for industrial trials later in the year for a range of lithium-sulfur (Li-S) batteries that can power a cell phone for over a week and can theoretically travel close to 2,000 km on a single charge. The revolution is underway.

Lithium Sulfur (Li-S) Battery Technology Breakthrough

Through nearly 8 years of research, the Brighsun team developed lithium-sulfur (Li-S) batteries with an energy density 5-8 times higher than conventional secondary batteries. According to results from an internationally accredited testing agency (SGS), Brighsun's new technology allows an Li-S battery to keep 91% of its initial capacity after 1,700 cycles at a rate of 2C (being fully charged/discharged in 30 mins). That means the capacity decay per cycle is as low as 0.01%. Even at a more aggressive rate of 5C (being fully charged/discharged in 12.5 mins), Brighsun's Li-S battery retains 74% of its initial capacity after 1,000 cycles (capacity decay per cycle of 0.026%). The cathode energy density for the 1th cycle after activation at charge rate of 1C is 2103.8Wh/kg.

Driven by the growing markets world-wide for EVs, the battery industry has explored a range of chemical combinations: lithium iron phosphate, lithium cobalt oxide and, currently, nickel manganese cobalt. However, current battery systems still suffer from the major disadvantages of relatively low energy density, high raw material costs and secondary pollution during recycling.

A Game Changer

Brighsun's advanced Li-S chemistry, offering high energy density and resultant low raw material costs, will be a game changer in the EV industry. Li-S batteries also have the potential to become the most promising energy storage systems for future railways, ships and airlines. Industries such as electric supply grid storage, mobile phones, drones and AI will also benefit from dramatically higher energy density storage provided by Brighsun's new battery system.

Companies in the US, Germany, Korea and China have been developing Li-S batteries and have achieved promising breakthroughs. However, these systems still face a number of challenges, including volume expansion of cathode materials during cycling, the shuttling effect of polysulfides, and the dendritic growth of lithium on the anode. This results in shorter cycling life and poor fast-charging capability, both major obstacles to their application in the world automotive industry.

Brighsun's Revolutionary Approach

Brighsun has patented Li-S battery technology that prevents the generation of polysulfide on the sulfur cathode and effectively suppresses dendritic growth of Li on the anode Li-S, paving the way for Li-S battery use in EVs.

The company has already developed processes for the production of cathode materials (electrolytes, separators and lithium sheet anodes), of which the core materials (anodes, electrolytes, and separators) can be produced in batches. Trial production of high-power cells with an expected energy density in excess of 1,000 Wh/kg is about to begin. Brighsun is also developing a solid-state electrolyte compatible with its Li-S system, aiming at further improvements in the cycling life, energy density and safety of its Li-S batteries.

Plentiful and Low Cost Battery Materials

The main raw materials for Brighsun's Li-S batteries are widely available in Australia, with a supply sufficient for hundreds of years. Indeed, at under AUD100 for 1kWh, the expected production cost of Brighsun-branded 2U Li-S batteries is lower than conventional lithium ion batteries – providing a major boost to the development of electric vehicle and related industries in Australia and around the world.

Going Forward

Brighsun is currently in discussion with potential investors in the large-scale trial production of Li-S batteries. The development process for large-scale production is expected to be finished by end-2020, followed by the mass production of Li-S batteries.

Brighsun's new energy-dense Li-S battery is expected to accelerate EV take-up around the world, spurred by dramatically improved single-charge travel performance, low cost and long life. Combined with the relative simplicity of EV design compared to internal combustion engine/hybrid vehicles, consumers and the industry alike are set to benefit from lower cost, emission-free transport. At the same time, Brighsun's 2U Li-S batteries offer huge benefits to the mobile phone and solar-electric storage industries, generating dramatic performance improvements in both.

About Brighsun EV Group

Brighsun sees its EV technology as a contribution to society's need for more cost effective and less polluting transport. Our Head Office is in Australia and focuses on using new energy technology to produce market ready solutions. Our intellectual property is fully owned by Brighsun and patented in Australia. Our technology comes from our research & development, critical to maintaining our competitive edge. We are building a production base built on our world leading technologies in lithium batteries, and expanding our Zhejiang battery production. For information, please visit http://www.brighsun.com/Index_En.asp.

Brighsun
Sherry Xiao
Frankston, Australia
kevinhuang@brighsun.com
http://www.brighsun.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com