Tag: Automotive

China Dynamics Initiates Nasdaq Listing Process

HONG KONG, May 25, 2021 – (ACN Newswire) – China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), a global leader in electric vehicle (EV) technology, has initiated the application process to list the Company's common shares on the Nasdaq (the "Proposed Listing"). Upon approval for trading on the Nasdaq, the Company would continue to trade on The Stock Exchange of Hong Kong Limited.

"As the world's leading exchange for emerging growth companies, we see a Nasdaq listing elevating our profile in the global investment community and increasing awareness of our ongoing global deployments of our advanced EV technologies," stated China Dynamics CEO Miguel Valldecabres Polop. "It is anticipated that additional working capital will be required for the development of our EV business and general working capital. We have considered various ways of raising funds and are of the view that the Proposed Listing represents an attractive opportunity to drive greater market participation and liquidity for our shareholders, increase our base of U.S. retail and institutional investors, attract analyst coverage, and ultimately enhance shareholder value over the near and long term."

Since 2014, China Dynamics has emerged as a leading pioneer manufacturer in electric drivetrain and vehicle networking. It is an integrated driving and logistics solutions provider with the field of lightweight automotive body design and new energy platform power system.

"We also consider this an opportune time for the Proposed Listing as the Group plans to launch several new growth initiatives under the announced proposed name change to EV Dynamics (Holdings) Limited which coincided with the recently proposed federal investments for EV and EV infrastructure announced by the U.S. Government. Our aim is to achieve a valuation that better reflects the true value of our proprietary technology and rapid growth, especially now that it has penetrated the overseas sales market on EV," added Miguel Valldecabres Polop.

The Company's plans for the U.S. follows recently gaining major footholds in the Americas, Europe, Middle East, South East Asia and Japan through strategic investments, joint ventures, partnerships and large fleet sales.
Nasdaq's acceptance for listing the Company's shares on the Nasdaq is subject to approval based on several factors, including satisfaction of minimum listing requirements. The Company expects to satisfy those listing requirements; however, there can be no assurances when or if the application will be approved by Nasdaq.

About China Dynamics (Holdings) Limited (Stock Code: 476)
China Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas, including new energy platform power system and its key components. It maintains a production base in Chongqing, with a sales network in Mainland China, Hong Kong, Asia Pacific and South America. To better reflect the company's mission to expand its electric vehicle sales to world markets, it has proposed to change its name to "EV Dynamics (Holdings) Limited". To learn more, visit www.chinadynamics.hk.

Forward-Looking Statements
China Dynamics (Holdings) Limited cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by China Dynamics (Holdings) Limited or its advisors that any of its plans or expectations will be achieved, including but not limited to, to management's expectations for revenue growth and global expansion. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in its business, including risks described in its prior press releases and filings with regulatory authorities. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Media Enquiry
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk
Phoebe Leung +852 2114 4172 phoebe.leung@sprg.com.hk
Eddie Li +852 2114 4170 eddie.li@sprg.com.hk
Website: www.sprg.com.hk



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BYD Builds One-millionth New Energy Passenger Car

SHANGHAI, May 22, 2021 – (ACN Newswire) – BYD is celebrating a significant production milestone by becoming one of the first new energy vehicle manufacturers globally to produce one million electric passenger cars. The one-millionth car, the Han EV, rolled off the production line today at BYD's headquarters and manufacturing facility in Shenzhen.
VIPs from government departments, industry associations, BYD's partners and suppliers


At BYD's global headquarters, car owners assembled their vehicles in a specially choreographed display forming the number '1,000,000' to help celebrate the milestone


Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing and Wang Chuanfu, Chairman and President of BYD at the ceremony



At a special ceremony this week, VIPs from government departments, industry associations, BYD's partners and suppliers, more than 400 media guests, and about 100 BYD vehicle owners, gathered to mark the occasion.

The landmark moment in BYD's history coincides with the announcement that the first batch of 100 pure-electric BYD Tang SUVs are now ready for delivery to Norway – with the Scandinavian country selected as the platform for BYD's ambitious plans in the European passenger car market. BYD also announced that a total of 1500 Tang SUVs will be delivered to Norway before the end of the year as the company commits to accelerating its European and global strategies. The initial 100 cars are scheduled for delivery to Norwegian customers in the third quarter of this year.

BYD's one-millionth new energy passenger car rolls off the production line

BYD's pioneering work in the development of battery technology and new energy vehicle (NEV) manufacturing has led the new energy revolution in the global automotive industry since the company's emergence in 2003 – spearheaded by innovative technologies and a well-calibrated global business strategy. In 2004, BYD unveiled its all-electric concept car, the ET, at the Beijing Auto Show, marking the premiere debut of an NEV model. This was followed in 2008 when the world's first mass-produced plug-in hybrid NEV – the F3DM – was officially unveiled. Then, in 2020, the BYD Han was launched with performance specs setting twelve records globally and nine in China. The BYD Han continues to be a top-selling model in the mid-to-large luxury sedan sector, and with the credentials to rival models from the three German luxury car giants.

"BYD shoulders the responsibility and mission of upward development for China's new energy vehicle brands," said Wang Chuanfu, Chairman and President of BYD Co., Ltd. "From zero to one million vehicles, this is BYD's response to the call for global auto industry transformation. It also sets a benchmark in the journey of the new energy vehicle industry in China starting from nothing, alongside the greater national journey for a country dominated by traditional automobiles to one that is a leader in the field of sustainability."

Customers first and foremost

"The journey to one million vehicles would not be possible without the support of car owners every step of the way," he added, "and BYD recognises that the 'green dream' can only be achieved hand-in-hand with all our customers."

With this close relationship with customers in mind, BYD has invited ten of its NEV customers to attend the ceremony, including the owners of the 100,000th and the one-millionth vehicles to join BYD as it celebrates its work in helping move towards a better, more sustainable future.

In the central square of BYD's global headquarters, another eighty BYD car owners assembled their vehicles in a specially choreographed display forming the number '1,000,000' to help celebrate the milestone.

First 100 BYD Tang SUVs head for Norway with 1500 units scheduled in 2021

Alongside news of the production of its one-millionth passenger car line, BYD has also confirmed its entry into the European market with the first 100 pure-electric BYD Tang SUVs on their way to Norway. The northern European country has been selected to kick off BYD's journey towards a successful presence in the burgeoning NEVs market in Europe.

With Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing, alongside Wang Chuanfu, Chairman and President of BYD, the first batch of 100 Tang SUVs will be shipped at the end of May and delivered to local customers in Norway during the third quarter of this year. Also before the end of 2021, BYD plans to deliver a total of 1500 Tang SUVs to Norway, underlining a significant commitment from BYD to its new Scandinavian market and its European neighbours.

With decarbonisation high on the political agenda in Europe, BYD's entry into the passenger car market comes at an important time. The BYD Tang EV provides serious competition for the more established European brands, with its stylish design and new technologies providing a compelling proposition for new car buyers. Central to its technology credentials is the new ultra-safe, space-saving Blade Battery, with performance figures including a class-leading range of up to 505km (NEDC) and acceleration from 0-100 km/h in just 4.6-seconds from its 86.4 kWh capacity.

BYD describes its new business in Norway as the 'start of the European dream' with respect to its passenger car ambitions. A key differentiator for BYD is its commitment to bringing only pure-electric, 100% emissions-free cars to market – a strategy supported by BYD's electric bus product range and its leading position in eBus markets right across Europe.

Working side-by-side with leading supply-chain partners to forge the way

The key to realising BYD's dreams has been the support of leading supply-chain partners. At today's ceremony, Wang Chuanfu made special reference to ZF Friedrichshafen AG, Fuyao, Valeo and others, while stating BYD's intention to join hands with even more partners in a joint endeavour to lead the transformation of the global automotive industry and to forge the way ahead for electrification.

The replacement of the internal combustion engine with new energy vehicles – and specifically battery electric vehicles – is crucial for reducing dependence on fossil fuels, ensuring national energy security, and further achieving the goal of 'peak carbon by 2030 and carbon neutrality by 2060'. As a principal participant and major force in the new energy automotive industry, BYD will continue to work with partners, suppliers and customers, to push ahead and realise the dream of green travel.

About BYD

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
Asia-Pacific: Mia Gu
mia.gu@byd.com; tel: +86-755-8988-8888-69666
North America: Frank Girardot
frank.girardot@byd.com; tel: +1 213 245 6503
Latin America: Mariana Osorio
mariana.osorio@byd.com; tel: +56 9 8588 0333
Brazil: Adalberto Maluf
adalberto.maluf@byd.com; tel: +19 3514 2554
Europe: Penny Peng
penny.peng@byd.com; tel: +31-102070888

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BYD Builds One-millionth New Energy Passenger Car

SHANGHAI, May 22, 2021 – (ACN Newswire) – BYD is celebrating a significant production milestone by becoming one of the first new energy vehicle manufacturers globally to produce one million electric passenger cars. The one-millionth car, the Han EV, rolled off the production line today at BYD's headquarters and manufacturing facility in Shenzhen.
VIPs from government departments, industry associations, BYD's partners and suppliers


At BYD's global headquarters, car owners assembled their vehicles in a specially choreographed display forming the number '1,000,000' to help celebrate the milestone


Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing and Wang Chuanfu, Chairman and President of BYD at the ceremony



At a special ceremony this week, VIPs from government departments, industry associations, BYD's partners and suppliers, more than 400 media guests, and about 100 BYD vehicle owners, gathered to mark the occasion.

The landmark moment in BYD's history coincides with the announcement that the first batch of 100 pure-electric BYD Tang SUVs are now ready for delivery to Norway – with the Scandinavian country selected as the platform for BYD's ambitious plans in the European passenger car market. BYD also announced that a total of 1500 Tang SUVs will be delivered to Norway before the end of the year as the company commits to accelerating its European and global strategies. The initial 100 cars are scheduled for delivery to Norwegian customers in the third quarter of this year.

BYD's one-millionth new energy passenger car rolls off the production line

BYD's pioneering work in the development of battery technology and new energy vehicle (NEV) manufacturing has led the new energy revolution in the global automotive industry since the company's emergence in 2003 – spearheaded by innovative technologies and a well-calibrated global business strategy. In 2004, BYD unveiled its all-electric concept car, the ET, at the Beijing Auto Show, marking the premiere debut of an NEV model. This was followed in 2008 when the world's first mass-produced plug-in hybrid NEV – the F3DM – was officially unveiled. Then, in 2020, the BYD Han was launched with performance specs setting twelve records globally and nine in China. The BYD Han continues to be a top-selling model in the mid-to-large luxury sedan sector, and with the credentials to rival models from the three German luxury car giants.

"BYD shoulders the responsibility and mission of upward development for China's new energy vehicle brands," said Wang Chuanfu, Chairman and President of BYD Co., Ltd. "From zero to one million vehicles, this is BYD's response to the call for global auto industry transformation. It also sets a benchmark in the journey of the new energy vehicle industry in China starting from nothing, alongside the greater national journey for a country dominated by traditional automobiles to one that is a leader in the field of sustainability."

Customers first and foremost

"The journey to one million vehicles would not be possible without the support of car owners every step of the way," he added, "and BYD recognises that the 'green dream' can only be achieved hand-in-hand with all our customers."

With this close relationship with customers in mind, BYD has invited ten of its NEV customers to attend the ceremony, including the owners of the 100,000th and the one-millionth vehicles to join BYD as it celebrates its work in helping move towards a better, more sustainable future.

In the central square of BYD's global headquarters, another eighty BYD car owners assembled their vehicles in a specially choreographed display forming the number '1,000,000' to help celebrate the milestone.

First 100 BYD Tang SUVs head for Norway with 1500 units scheduled in 2021

Alongside news of the production of its one-millionth passenger car line, BYD has also confirmed its entry into the European market with the first 100 pure-electric BYD Tang SUVs on their way to Norway. The northern European country has been selected to kick off BYD's journey towards a successful presence in the burgeoning NEVs market in Europe.

With Rolf Petter Almklov, Commercial Counsellor, Royal Norwegian Embassy in Beijing, alongside Wang Chuanfu, Chairman and President of BYD, the first batch of 100 Tang SUVs will be shipped at the end of May and delivered to local customers in Norway during the third quarter of this year. Also before the end of 2021, BYD plans to deliver a total of 1500 Tang SUVs to Norway, underlining a significant commitment from BYD to its new Scandinavian market and its European neighbours.

With decarbonisation high on the political agenda in Europe, BYD's entry into the passenger car market comes at an important time. The BYD Tang EV provides serious competition for the more established European brands, with its stylish design and new technologies providing a compelling proposition for new car buyers. Central to its technology credentials is the new ultra-safe, space-saving Blade Battery, with performance figures including a class-leading range of up to 505km (NEDC) and acceleration from 0-100 km/h in just 4.6-seconds from its 86.4 kWh capacity.

BYD describes its new business in Norway as the 'start of the European dream' with respect to its passenger car ambitions. A key differentiator for BYD is its commitment to bringing only pure-electric, 100% emissions-free cars to market – a strategy supported by BYD's electric bus product range and its leading position in eBus markets right across Europe.

Working side-by-side with leading supply-chain partners to forge the way

The key to realising BYD's dreams has been the support of leading supply-chain partners. At today's ceremony, Wang Chuanfu made special reference to ZF Friedrichshafen AG, Fuyao, Valeo and others, while stating BYD's intention to join hands with even more partners in a joint endeavour to lead the transformation of the global automotive industry and to forge the way ahead for electrification.

The replacement of the internal combustion engine with new energy vehicles – and specifically battery electric vehicles – is crucial for reducing dependence on fossil fuels, ensuring national energy security, and further achieving the goal of 'peak carbon by 2030 and carbon neutrality by 2060'. As a principal participant and major force in the new energy automotive industry, BYD will continue to work with partners, suppliers and customers, to push ahead and realise the dream of green travel.

About BYD

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
Asia-Pacific: Mia Gu
mia.gu@byd.com; tel: +86-755-8988-8888-69666
North America: Frank Girardot
frank.girardot@byd.com; tel: +1 213 245 6503
Latin America: Mariana Osorio
mariana.osorio@byd.com; tel: +56 9 8588 0333
Brazil: Adalberto Maluf
adalberto.maluf@byd.com; tel: +19 3514 2554
Europe: Penny Peng
penny.peng@byd.com; tel: +31-102070888

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Motul partners Suzuki for Singapore launch of all-new Suzuki Swift Sport

Singapore, May 21, 2021 – (ACN Newswire) – Motul and Suzuki have enjoyed a global partnership spanning over 30 years, and this tradition continues into Asia, as Motul partners with Suzuki Singapore to launch the all-new Suzuki Swift Sport, which features mild hybrid technology and a full sport package designed to deliver maximum fun and performance. Built for drivers, this car focuses on a sporty driving experience, alongside an affordable price point giving wider audiences access to pure performance.

This exclusive partnership formed with Champion Motors, the distributor of Suzuki cars in Singapore, highlights Motul’s continued dedication to the automotive sector in Asia by working with like-minded distributors and retailers across the region focused on enhancing driver experience.

Although small in size, the Suzuki Swift Sport punches well above its weight with the highest torque output compared to any of its competitors. Its dynamic 1.4 turbo engine aims at providing the drivers a sporty experience and excellent efficiency, featuring a mild hybrid system. This is where Motul will play its biggest role, giving engine enhancing performance and the lubrication needed to operate at maximum efficiency in the Suzuki Swift Sport’s hybrid engine.

To celebrate this partnership with Suzuki, Motul will be offering a limited number of Singapore’s Suzuki Swift Sport owners a complimentary upgrade to Motul’s engine oil for an entire year when servicing their car with Suzuki Singapore. Motul’s engine oil delivers several key benefits, including reduction of internal friction, excellent engine cleanliness and superb oil film strength to give a welcomed boost of performance. Using Motul’s engine oil for the new Suzuki Swift Sport Model will undoubtedly optimize the driving experience.

To demonstrate this performance, the Suzuki Swift Sport launch event in partnership with Motul was held at the end of April on the Kranji Karting Circuit (KF-1) in Singapore. Media were given the opportunity to test drive and experience the Suzuki Swift Sport enhanced with Motul lubricant, as the “hot hatch” made its debut in Singapore.

Motul and Suzuki have a long history of success together in motorsport. In 2020, Suzuki Italy in partnership with Motul became the first-ever hybrid rally entry in Europe with the Suzuki Swift Sport Hybrid R1 Rally. It was an immediate victory in the Italian Rally Championship, taking victories in both events it has entered thus far.

Besides racing, Motul and Suzuki also work to strengthen their global business partnership strategies. In 2018, Suzuki announced that Motul would provide oil for every Suzuki product in the United Kingdom. Suzuki Italy and Spain also provide exclusive aftersales fill to all their respective markets. This network extension will be an area of priority for Motul in Asia, as Motul Asia Pacific continues to deepen its relationship with the Suzuki aftersales network across the region.

About Motul

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity.

Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant. 2021 marks the 50th anniversary of the Motul 300V.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for teams in: Road racing, Trials, Enduro, Endurance, Superbike, Supercross, Rallycross, World GT1, 24 Hours of Le Mans (cars and motorcycles), 24 Hours of Spa, Le Mans Series, Andros Trophy, Paris-Dakar, 8 Hours of Suzuka, Bol d’Or, Daytona 200-mile motorcycle race.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Motul partners Suzuki for Singapore launch of all-new Suzuki Swift Sport

Singapore, May 21, 2021 – (ACN Newswire) – Motul and Suzuki have enjoyed a global partnership spanning over 30 years, and this tradition continues into Asia, as Motul partners with Suzuki Singapore to launch the all-new Suzuki Swift Sport, which features mild hybrid technology and a full sport package designed to deliver maximum fun and performance. Built for drivers, this car focuses on a sporty driving experience, alongside an affordable price point giving wider audiences access to pure performance.

This exclusive partnership formed with Champion Motors, the distributor of Suzuki cars in Singapore, highlights Motul’s continued dedication to the automotive sector in Asia by working with like-minded distributors and retailers across the region focused on enhancing driver experience.

Although small in size, the Suzuki Swift Sport punches well above its weight with the highest torque output compared to any of its competitors. Its dynamic 1.4 turbo engine aims at providing the drivers a sporty experience and excellent efficiency, featuring a mild hybrid system. This is where Motul will play its biggest role, giving engine enhancing performance and the lubrication needed to operate at maximum efficiency in the Suzuki Swift Sport’s hybrid engine.

To celebrate this partnership with Suzuki, Motul will be offering a limited number of Singapore’s Suzuki Swift Sport owners a complimentary upgrade to Motul’s engine oil for an entire year when servicing their car with Suzuki Singapore. Motul’s engine oil delivers several key benefits, including reduction of internal friction, excellent engine cleanliness and superb oil film strength to give a welcomed boost of performance. Using Motul’s engine oil for the new Suzuki Swift Sport Model will undoubtedly optimize the driving experience.

To demonstrate this performance, the Suzuki Swift Sport launch event in partnership with Motul was held at the end of April on the Kranji Karting Circuit (KF-1) in Singapore. Media were given the opportunity to test drive and experience the Suzuki Swift Sport enhanced with Motul lubricant, as the “hot hatch” made its debut in Singapore.

Motul and Suzuki have a long history of success together in motorsport. In 2020, Suzuki Italy in partnership with Motul became the first-ever hybrid rally entry in Europe with the Suzuki Swift Sport Hybrid R1 Rally. It was an immediate victory in the Italian Rally Championship, taking victories in both events it has entered thus far.

Besides racing, Motul and Suzuki also work to strengthen their global business partnership strategies. In 2018, Suzuki announced that Motul would provide oil for every Suzuki product in the United Kingdom. Suzuki Italy and Spain also provide exclusive aftersales fill to all their respective markets. This network extension will be an area of priority for Motul in Asia, as Motul Asia Pacific continues to deepen its relationship with the Suzuki aftersales network across the region.

About Motul

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity.

Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant. 2021 marks the 50th anniversary of the Motul 300V.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for teams in: Road racing, Trials, Enduro, Endurance, Superbike, Supercross, Rallycross, World GT1, 24 Hours of Le Mans (cars and motorcycles), 24 Hours of Spa, Le Mans Series, Andros Trophy, Paris-Dakar, 8 Hours of Suzuka, Bol d’Or, Daytona 200-mile motorcycle race.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Motul partners Suzuki for Singapore launch of all-new Suzuki Swift Sport

Singapore, May 21, 2021 – (ACN Newswire) – Motul and Suzuki have enjoyed a global partnership spanning over 30 years, and today this tradition continues into Asia, as Motul partners with Suzuki Singapore to launch the all-new Suzuki Swift Sport, which features mild hybrid technology and a full sport package designed to deliver maximum fun and performance. Built for drivers, this car focuses on a sporty driving experience, alongside an affordable price point giving wider audiences access to pure performance.












This exclusive partnership formed with Champion Motors, the distributor of Suzuki cars in Singapore, highlights Motul's continued dedication to the automotive sector in Asia by working with like-minded distributors and retailers across the region focused on enhancing driver experience.

Although small in size, the Suzuki Swift Sport punches well above its weight with the highest torque output compared to any of its competitors. Its dynamic 1.4 turbo engine aims at providing the drivers a sporty experience and excellent efficiency, featuring a mild hybrid system. This is where Motul will play its biggest role, giving engine enhancing performance and the lubrication needed to operate at maximum efficiency in the Suzuki Swift Sport's hybrid engine.

To celebrate this partnership with Suzuki, Motul will be offering a limited number of Singapore's Suzuki Swift Sport owners a complimentary upgrade to Motul's engine oil for an entire year when servicing their car with Suzuki Singapore. Motul's engine oil delivers several key benefits, including reduction of internal friction, excellent engine cleanliness and superb oil film strength to give a welcomed boost of performance. Using Motul's engine oil for the new Suzuki Swift Sport Model will undoubtedly optimize the driving experience.

To demonstrate this performance, the Suzuki Swift Sport launch event in partnership with Motul was held at the end of April on the Kranji Karting Circuit (KF-1) in Singapore. Media were given the opportunity to test drive and experience the Suzuki Swift Sport enhanced with Motul lubricant, as the "hot hatch" made its debut in Singapore.

Motul and Suzuki have a long history of success together in motorsport. In 2020, Suzuki Italy in partnership with Motul became the first-ever hybrid rally entry in Europe with the Suzuki Swift Sport Hybrid R1 Rally. It was an immediate victory in the Italian Rally Championship, taking victories in both events it has entered thus far.

Besides racing, Motul and Suzuki also work to strengthen their global business partnership strategies. In 2018, Suzuki announced that Motul would provide oil for every Suzuki product in the United Kingdom. Suzuki Italy and Spain also provide exclusive aftersales fill to all their respective markets. This network extension will be an area of priority for Motul in Asia, as Motul Asia Pacific continues to deepen its relationship with the Suzuki aftersales network across the region.

About Motul

Motul is a world-class French company specialised in the formulation, production and distribution of high-tech engine lubricants (two-wheelers, cars and other vehicles) as well as lubricants for industry via its Motul Tech activity.

Unanimously recognised for more than 150 years for the quality of its products, innovation capacity and involvement in the field of competition, Motul is also recognised as a specialist in synthetic lubricants. As early as 1971, Motul was the first lubricant manufacturer to pioneer the formulation of a 100% synthetic lubricant, issued from the aeronautical industry, making use of esters technology: 300V lubricant. 2021 marks the 50th anniversary of the Motul 300V.

Motul is a partner to many manufacturers and racing teams in order to further their technological development in motorsports. It has invested in many international competitions as an official supplier for teams in: Road racing, Trials, Enduro, Endurance, Superbike, Supercross, Rallycross, World GT1, 24 Hours of Le Mans (cars and motorcycles), 24 Hours of Spa, Le Mans Series, Andros Trophy, Paris-Dakar, 8 Hours of Suzuka, Bol d'Or, Daytona 200-mile motorcycle race.

MOTUL Asia Pacific Pte. Ltd
1A International Business Park, #06-03
Singapore 609933
www.motul.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CIMC Vehicles receives registration approval for the IPO on the ChiNext Board

HONG KONG, May 19, 2021 – (ACN Newswire) – The China Securities Regulatory Commission announced the approval for the registration and listing of CIMC Vehicles (Group) Co. Ltd (("CIMC Vehicles") or the "Group", stock code: 1839.HK) on the ChiNext Board. CIMC Vehicles is a global leader in semi-trailer and specialty-vehicles sophisticated manufacturing. It has been listed on the Hong Kong Stock Exchange since July 2019. In the first half of 2020, upon the deepening reform of the ChiNext registration system, CIMC Vehicles prepared for its listing on the ChiNext Board, passing the hearing on 25 December of the same year.

According to the prospectus, the number of shares to be issued will be no more than 310,000,000, raising RMB 2 billion. Funds raised will mainly be used for investment in constructing the sophisticated manufacturing system. Approval of the registration also implies that CIMC Vehicles will officially become the first global manufacturer of semi-trailers and specialty vehicles with dual "A+H" listing status.

Revenue growth in the first half of 2020 may exceed 40% – supported by the resilience of the China market

In 2020, despite the complex Covid-induced environment, CIMC Vehicles recorded RMB26.50 billion in terms of revenue, representing a year-on-year increase of 13.3% and setting a new record high.

As disclosed in the prospectus, revenue in the first half of 2021 is expected to surpass RMB14.51 billion to reach RMB16.2 billion, representing a year-on-year increase of 29.1% to 44.1%, maintaining a high level of rapid growth.

CIMC Vehicles expects that its three major businesses are in a long boom cycle due to its outstanding performance in the China market.

In terms of semi-trailer business, CIMC Vehicle's China semi-trailer business grew steadily, which was attributable to the implementation of new national standards, policies and regulations such as GB-7258, as well as rapid growth in the logistics transportation market.

Considering the express delivery business in 2020, the business volume of express delivery in China exceeded 83 billion pieces, with a CAGR of 32.2% from 2015 to 2021. From January to April 2021, the aggregate business volume of express service companies in China amounted to 30.43 billion pieces, representing a year-on-year increase of 59.9%. The business volume for the first four months of 2021 approached the level for the full year of 2016.

In terms of truck bodies for specialty vehicles, given the steady progress of infrastructure investment, the sales of heavy trucks achieved "13 consecutive increases. " At the same time, CIMC Vehicles developed strategic cooperation with important OEMs such as SAIC Iveco Hongyan and Shanxi Automobile. This helped promote in-depth binding with key customers and achieved satisfactory results.

In 2020, CIMC Vehicle's revenue generated from the truck bodies business for specialty vehicles reached RMB10.16 billion, representing a year-on-year increase of 37.8%. The truck bodies for specialty vehicles business therefore becomes another business pillar, contributing tens of billions in revenue.

For the refrigerated truck bodies business, growth was more significant due to the development of China's fresh cold chain logistics market.

Zhou Yuan, an academic at the Chinese Academy of Sciences, said that the cold chain circulation rate in developed countries reaches 85%, while that of China is only 19%; the proportion of pre-cooled fruits and vegetables in China is generally 10%, while that of developed countries is as high as 95% to 100%.

In light of the huge development prospects for fresh food e-commerce, demand for cold chain logistics is increasing sharply. Data indicates that the number of registrations for China's cold chain logistics-related companies increased by 52% in the first half of 2020. For the supply of upstream vehicle equipment, CIMC Vehicles not only has a comprehensive technological lead, but also defines the market with its production capacity and market share.

Fully implementing "Sophisticated Manufacturing System" to solidify industry leadership

In 2013, CIMC Vehicles ranked number one in the world for the first time in terms of semi-trailer business. Since then, it has been the global business champion in semi-trailers for 8 consecutive years, becoming one of China's representative global brands.

In 2014, its second year being world number one, CIMC Vehicles started establishing its "Sophisticated Manufacturing System" and built the industry's first "Light Tower" plant in Dongguan.

The "Sophisticated Manufacturing System" is an innovation to the traditional manufacturing system for transforming the low-tech and labor-intensive industry to automated and intelligent production using high-tech and high-end equipment for high-quality, high-utilization, high-efficiency, and low-polluting production goals. As of now, CIMC Vehicles has built 13 "Light Tower" plants for semi-trailers; 6 "Light Tower" plants for producing truck bodies for specialty vehicles; and 2 "Light Tower" plants for producing refrigerated truck bodies worldwide.

In terms of overseas markets, CIMC Vehicles completed the construction and upgrading of its North American manufacturing line of container chassis trailers, van trailers and refrigerated trailers in 2019. In 2020, the construction and upgrading of European manufacturing lines of container chassis trailers and refrigerated trailers were building as planned.

At the beginning of 2021, its refrigerated trailer plants in the United States and Canada commenced production with both adopting the CIMC Vehicle's Sophisticated Manufacturing System. Adhering to the business philosophy of "Intercontinental Operation, Local Manufacturing", CIMC Vehicles overseas plants are actively taking advantage of the global layout and continuously expanding their competitive advantages.

With the support of the Sophisticated Manufacturing System, the operating revenue of CIMC Vehicles has reached a record high in recent years. Major pollutant emissions have barely increased, and even dropped significantly.

The prospectus shows that from 2018-2020, VOCs emissions from the production process of CIMC Vehicles reduced by 33.6%, while scrapped paint residues emissions and other hazardous waste emissions reduced by 14.7% and 86.1% respectively.

In 2020, CIMC Vehicles formulated a work plan for 2020-2022 to comprehensively build a Sophisticated Manufacturing System. CIMC Vehicles will continue investing in the construction and upgrading of "Light Tower" plants to promote comprehensive automation, intelligence and digitalization of production, so that the industry can shift to modular, standardized and environmentally friendly production with a higher degree of automation, leading the transformation of high-end manufacturing in the industry.

About CIMC Vehicles (Group) Co., Ltd
CIMC Vehicles (Group) Co., Ltd. ("CIMC Vehicles", Stock code: 1839.HK) is the world's No.1 semi-trailer manufacturer in terms of production volume according to Global Trailer. In addition to the production and sales of seven major types of semi-trailers in global major markets, the Group also actively engages in the production of semi-trailers and truck bodies for specialty vehicles, and the sale of fully-assembled specialty vehicles in China. Meanwhile, the Group is also a leading manufacturer of refrigerated truck bodies in China. Semi-trailer products including container chassis trailers, flatbed trailers, curtain-side trailers, van trailers, refrigerated trailers, tank trailers and other special types of trailers; truck bodies for specialty vehicles including urban dump trucks and cement mixers. Products are sold in China under the "Tonghua", "Huajun", "SCVC SAILING", "Ruijiang Vehicles", "Lingyu Vehicles" and "Liangshan Dongyue" brands, in North America under the "Vanguard" and "CIE" brands, and in Europe under the "SDC" and "LAG" brands which are both well-known with a long history. The Group owns "Light Tower" Plants that represent the strength of China's sophisticated manufacturing capabilities. These plants focus on product standardization, digitization and modular design and production, and serve to actively promote the compliance of domestic trailers and quality industrial upgrade.



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Showa Denko and Infineon Technologies Conclude Supply Contract and Development Agreement

TOKYO, May 6, 2021 – (ACN Newswire) – Showa Denko K.K. (SDK; TSE:4004) has concluded a two-year contract including optional extension clauses with Infineon Technologies AG (Infineon), a German semiconductor manufacturer providing semiconductor solutions for automotive and industrial use worldwide, to sell SiC materials for power semiconductors and cooperatively develop SiC materials technology.

SDK expects the contract will enable Infineon to apply SDK SiC materials to various power semiconductor products and the two companies to accelerate improvement in quality of products by bringing together the two companies' knowledge.

Due to the homogeneity in properties[1] and low density of surface defects[2], SDK SiC epi-wafers materials, which were launched into the market in 2009, have been adopted by electronic device manufacturers as parts of various devices including power supply for servers of cloud computing systems, inverters for railcars and solar power generation systems, and converters installed in quick charging stands for EVs.

As the largest independent manufacturer of SiC epi-wafers (estimated by SDK), and under a motto of "Best in Class," the Showa Denko Group will continue coping with rapid expansion of the market for SiC epitaxial wafers and providing the market with high-performance and highly-reliable products, thereby contributing to the proliferation of SiC power semiconductors.

For reference, we attach Infineon's press release as follows.

Infineon increases supply security for silicon carbide by expanding the supplier base

Munich, Germany – 6 May 2021 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has concluded a supply contract with the Japanese wafer manufacturer Showa Denko K.K. for an extensive range of silicon carbide material (SiC) including epitaxy. The German semiconductor manufacturer has thus secured more base material for the growing demand for SiC-based products. SiC enables highly efficient and robust power semiconductors that are used in particular in the fields of photovoltaic, industrial power supply, and charging infrastructure for electric vehicles.

"Our broad and fast growing portfolio demonstrates Infineon's leading role in supporting and shaping the market for SiC-based semiconductors which is expected to grow 30 to 40% annually over the next five years," says Peter Wawer, President of the Industrial 2 Power Control Division at Infineon.* "The expansion of our supplier base with Showa Denko for wafers in this growth market marks an important step in our multisourcing strategy. It will support us to reliably meet the growing demand mid to long term. Furthermore, we plan to collaborate with Showa Denko on the strategic development of the material to improve the quality while cutting costs at the same time."

"We are proud to be able to provide Infineon with Best-in-Class SiC material and our cutting-edge epitaxy technology," says Jiro Ishikawa, Senior Managing Corporate Officer from Showa Denko K.K. "Our aim is to continuously improve our SiC material and develop the next technology. We value Infineon as an excellent partner in this regard."

The contract between Infineon and Showa Denko K.K. has a two-year term with an extension option. Infineon has the industry's largest portfolio of SiC semiconductors for industrial applications.

*Source: Yole, "Compound Semiconductor Market Monitor-Module 1 Q1 2021", April 2021

[1] "Homogeneity in properties" means that homogeneity in doping of nitrogen which determines physical property of wafer has been achieved. SiC power semiconductor is produced from SiC doped with nitrogen. SiC power semiconductor for high voltage requires homogeneous doping with small amount of nitrogen.
[2] "Low density of surface defects" means that the wafer has extremely small numbers of surface defects per square centimeter of wafer surface. If a surface defect exists, electricity flows through that surface defect, and the chip cannot be used as power device. On the other hand, SiC power device for large current requires large SiC chip. Therefore, low density of surface defects is necessary for achievement of high yields in production of power devices. SDK's second generation high-grade SiC epi-wafer (HGE-2G) has achieved 1/2 or less density of surface defects compared to that of the first generation product (HGE).

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending September 30), the company reported revenue of more than 8.5 billion euros with a workforce of 46,700 people worldwide. Following the acquisition of the US company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press
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About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

China Dynamics Strategically Invests in Germany’s Quantron AG

HONG KONG, May 4, 2021 – (ACN Newswire) – China Dynamics (Holdings) Limited (the "Company"; Stock Code: 476, together with its subsidiaries, collectively "China Dynamics" or the "Group"), which provides new energy vehicles and technology integrated solutions, has entered into an investment agreement with Quantron AG ("Quantron"), a Germany-based company engaged in e-mobility in inner city and regional passenger and freight transport.
Centre: Mr. Miguel Valldecabres Polop, CEO of China Dynamics, believes that the investment agreement with Quantron will bring forth synergistic benefits to the Group. Left: Mr. Michael Perschke, a member of Quantron's supervisory board and an International Advisor at China Dynamics. Right: Mr. Andreas Haller, Chairman of the board of Quantron.



Under the agreement, the Group has conditionally agreed to subscribe to 2,698 Quantron subscription shares, representing approximately 4.98% of the latter's enlarged share capital.

Quantron is expected to source e-vehicles components and retrofitment kits from China Dynamics to meet demand from its customers and to explore opportunity with the Group for joint development of light and medium e-delivery trucks.

Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, "With its long-standing electric vehicle ("EV") expertise in commercial vehicles and its great market access in Europe, Quantron is an ideal fit into our group of EV-focused companies and it will become the Group's key gateway to Europe. China Dynamics and Quantron will explore opportunities in EV light and medium delivery trucks – a segment in which Quantron is already hugely successful with its electrification of the large light commercial van IVECO Daily."

Mr. Andreas Haller, Chairman of the Board of Quantron AG, said: "China Dynamics will play an important part of our global growth strategy with its supply of retrofitment components as well as provision of engineering support and hydrogen-powered commercial vehicles. Meanwhile, Quantron will explore sourcing and supply chain opportunities with China Dynamics for EV components and retrofitment kits, based on the new regulation and subsidies to be released by the German Government in Q2/2021."

China Dynamics and Quantron have also confirmed the appointment of Mr. Michael Perschke as a member of Quantron's supervisory board. Mr. Perschke is part of China Dynamics' Team of International Advisors who support the Group's growth strategy in the global market.

About China Dynamics (Holdings) Limited (Stock Code: 476)

China Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. To better reflect the Group's business and its development direction to globalise its electric vehicles to world markets, the Company has proposed to change its name to "EV Dynamics (Holdings) Limited".

About Quantron AG

Quantron AG is a system provider of clean battery and hydrogen-powered e-mobility for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovation forge includes the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing offers and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.

Media Enquiry
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Vicky Lee, +852 2864 4834, vicky.lee@sprg.com.hk
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Website: www.sprg.com.hk

Quantron AG
Volker Seitz, 0049-821-789840-86, press@quantron.net

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SDK’s Full-scale Marketing of ST60-HSM Aluminum Alloy Board with High Heat Conductivity and High Strength for On-board Bus Bar

TOKYO, Apr 27, 2021 – (ACN Newswire) – Showa Denko K.K. (SDK; TSE:4004) has started full-scale marketing of ST60-HSM aluminum alloy board[1], which has high heat conductivity and high strength, for use as on-board bus bar[2]. In 2021, SDK started to provide several automotive parts manufacturers with samples of ST60-HSM aluminum-alloy boards to be used as on-board bus bars.

ST60-HSM developed by SDK is an aluminum alloy board that has high heat conductivity equivalent to that of pure aluminum and high strength equivalent to that of 6061 aluminum alloy[3], and is used as chassis of backlit LCDs for PCs.

Due to the global movement towards carbon neutrality, the auto industry is accelerating its shift to electric vehicles including hybrid, plug-in hybrid and EVs. In addition, the industry promotes unit weight reduction in order to improve fuel efficiency and increase travelable distance. The industry is aggressively shifting from copper- to aluminum-alloy-based equipment for various components including wiring harnesses and bus bars.

SDK's ST60-HSM is an aluminum alloy board that has high heat conductivity, high strength and high electric conductivity, and also has high fatigue strength and high heat-resisting property that are required for on-board bus bar. Aluminum bus bar made of ST60-HSM is 43% lighter than conventional copper bus bar[4], and also contributes to cost reduction because the new aluminum bus bar is priced lower than conventional copper bus bar.

On the basis of technologies to design and process aluminum alloys cultivated through operation of many years, SDK will aim to maximize the value of customers' experience by providing solutions for them, thereby expanding the Showa Denko Group's aluminum rolled products business.

[1] ST60-HSM(TM): ST60 is an aluminum alloy board developed by SDK in 2001, and has as much heat conductivity as pure aluminum and as much strength as 5052 aluminum alloy, which is a typical structural material. ST60-HSM has relatively high strength and plasticity among ST60 series aluminum alloy, has as much tensile strength as 6061 aluminum alloy, and is used for internal chassis of smartphones and tablets and metal base of their cases. HSM is ab abbreviation of High Strength Metal.

[2] Bus bar: Bus bar is used to conduct electricity, and many bus bars are made of copper. A bus bar can conduct more electric current than electric wire. Thus bus bar is used to conduct large current.

[3] 6061 aluminum alloy: 6000 aluminum alloy series consists of aluminum as base material, and magnesium and silicon as additives. It has high strength, corrosion resistance and is easy to be cut. Therefore it is used as structural material. 6061 aluminum alloy includes copper and other additives to have more strength. Furthermore, 6061 aluminum alloy acquires more strength through solution treatment, hardening process and aging process.

[4] This amount of weight reduction is calculated on the basis that specific gravity of aluminum is 2.7 and that of copper is 8.9, while electric conductivity of aluminum is 54 and that of copper is 102.

About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com