TAIWAN, Oct 5, 2023 – (ACN Newswire) – Following the success of its inaugural edition, the second Electronics Asia Conference (EAC), a virtual conference and exhibition organized by AspenCore, the publisher of EE Times Asia, EE Times India, and EDN Asia, is set to take place from October 17 to 19, 2023. With the theme “Strengthening Asia’s Semiconductor Manufacturing Ecosystem,” EAC 2023 aims to highlight the latest technology trends, innovations, and strategic insights within the electronics and semiconductor industry in Asia.
The global semiconductor industry reversed its five straight quarters of decline by registering a 3.4% revenue growth in the second quarter of 2023, according to Omdia. Driving the turnaround are the wireless segment, the automotive electronics sector, and artificial intelligence (AI), mainly due to growing demand for generative AI and data processing chips in the server space.
According to International Data Corp. (IDC), spending on AI—including software, services, and hardware for AI-centric systems—in the Asia-Pacific region is expected to reach $78.4 billion in 2027, reflecting a shift toward adopting cutting-edge technologies to transform operations and maintain a competitive edge in a rapidly changing market.
Meanwhile, the increasing adoption of Industry 4.0 technologies is fueling the automation and digitalization trends in the industrial space, thereby stimulating demand for Internet of Things (IoT) and embedded systems, as more manufacturers embrace smarter manufacturing.
These key trends are among the many developments driving Asia’s electronics and semiconductor supply chain.
EAC 2023 will put the spotlight on technology innovations that are driving the latest developments and new applications in sectors including IoT, AI/ML, embedded systems, industrial automation, smart manufacturing, the wireless sector, and the electronics and semiconductor supply chain. The event will feature a virtual fairground, an exhibition hall, and a conference space, similar to a live exhibition and conference.
Confirmed companies presenting at the virtual conference include Arm, Applied Materials Inc., Bluetooth Special Interest Group (SIG), Cadence Design Systems Inc., Cambridge GaN Devices, Chip 1 Exchange, GaN Systems Inc., Infineon Technologies AG, Merck Electronics, Molex, Navitas Semiconductor, proteanTecs, NXP Semiconductors, MosChip Technologies Ltd, Mouser Electronics Inc., Silicon Laboratories Inc., SCHURTER Group, STMicroelectronics, Synopsys Inc., Tektronix, and Texas Instruments Inc.
AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.
We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.
Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.
NOVA SCOTIA, CANADA and OSAKA, JAPAN, Sept 29, 2023 – (ACN Newswire) – Meta Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and nanotechnology company and a leading solution provider in the field of multi-functional transparent conductive materials, and Panasonic Industry Co., Ltd. (Panasonic Industry), an operating company in charge of device business within the Panasonic Group with a proprietary and scalable process technology which delivers fine line low resistance and high transparency conductive films, have been jointly developing a strategic collaboration from design to mass production. This joint effort is expected to strengthen the supply of NANOWEB® films and accelerate the growth of the transparent conductive film industry, offering new applications for the automotive and consumer electronics sectors, such as transparent film antennas, transparent film heaters, and transparent film electromagnetic shielding.
Today there is an emerging need for ultra-low sheet resistance and high optical performance, especially required for large area applications such as flexible solar cells, smart windows for next generation communications and transparent heaters for automotive applications. According to BCC Research, the global market for transparent conductive films is projected to grow at a 9.2% CAGR, from $4.9 billion in 2020, to $7.6 billion by 2025.
“Our strategic collaboration with Panasonic Industry represents a pivotal moment for META. We have selected Panasonic Industry to mass produce our patented designs due to their outstanding process technology, coupled with their automotive-grade quality, which supports our common goal to expand the transparent conductive materials sector,” stated George Palikaras, President and CEO of META. “This collaboration allows us to pool our collective know-how, setting new benchmarks for the industry.”
Panasonic Industry’s low resistance and high transmittance transparent conductive film has been mass-produced since 2018 in response to the demand for high performance and upsizing touch sensors. META has been successfully working with Panasonic Industry under a Master Services Agreement for several months, resulting in the successful qualification and production of several NANOWEB® proprietary designs for various applications.
Panasonic Industry’s Director of Touch Solutions Business Unit Yuichi Yoshikawa, expressed equal enthusiasm about the collaboration, stating, “We are excited to join forces with META to push the boundaries of transparent conductive materials. This collaboration will be able to provide unprecedented value to the world with the most advanced solutions. Together, we will create new possibilities for various applications, and the industry.”
The collaboration between META and Panasonic Industry combines the design power of NANOWEB® metal mesh designs with Panasonic Industry’s leading proprietary and scalable process technology in transparent conductive films. Together, they will offer cutting-edge alternatives that surpass industry standards and set new benchmarks.
Panasonic Industry and Meta Materials will be showcasing at the Panasonic Industry booth at CEATEC 2023, Japan’s leading comprehensive technology exhibition, from October 17 to 20, 2023. The partners will demonstrate a microwave oven with a transparent EMI shielding window, transparent antennas, and transparent heaters for deicing and defogging of automotive ADAS sensors. These demonstrations will highlight the superior performance and versatility of the metal mesh solutions developed through this collaboration.
About Us:
Meta Materials Inc. (META) is an advanced materials and nanotechnology company. We develop new products and technologies using innovative sustainable science. Advanced materials can improve everyday products that surround us, making them smarter and more sustainable. META® technology platforms enable global brands to develop new products to improve performance for customers in aerospace and defense, consumer electronics, 5G communications, batteries, authentication, and automotive and clean energy. Learn more at www.metamaterial.com.
Panasonic Industry Co., Ltd. was established on April 1, 2022, as an operating company in charge of the device business within the Panasonic Group in line with its shift to an operating company system. The mission of the company states that “We will open the way to a better future and continue to contribute to an affluent society through a variety of device technologies.” On a global basis, the company has about 42,000 employees and achieved net sales of 1,149.9 billion yen for the fiscal year ended March 31, 2023. Against the backdrop of a labor shortage in manufacturing, the explosion of data with the rise of the information-based society, and greater demands for the environment and safety for the mobility society, the company will focus on areas where ongoing evolution is required and continue to provide customer value with distinctive features of unique material and process technologies such as capacitors, compact servomotors, EV relays, and electronic materials. Learn more about Panasonic Industry at https://www.panasonic.com/global/industry.
Media Inquiries: Rob Stone Vice President, Corporate Development and Communications Meta Materials Inc. media@metamaterial.com
Investor Contact Mark Komonoski Senior Vice President Integrous Communications Phone: 1-877-255-8483 Email: ir@metamaterial.com
Panasonic Industry Press Contact Corporate Communication Team Management Planning Department Panasonic Industry Co., Ltd. Email: press-industry@ml.jp.panasonic.com
Forward Looking Information
This press release includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding META, which may include, but are not limited to, statements or implications with respect to the business strategies, product development, expansion plans and operational activities of META.
This press release also includes forward-looking information or statements about Panasonic Industry. To the extent that information or statements in this press release do not relate to historical or current facts, they constitute forward-looking information or statements for Panasonic Industry.
Often but not always, forward-looking information or statements may be identified by the use of words such as “pursuing”, “potential”, “predicts”, “projects”, “seeks”, “plans”, “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would” or “will” be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of META and Panasonic Industry and are based on assumptions and subject to risks and uncertainties. Although the management of META and Panasonic Industry believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect.
The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting META and Panasonic Industry, the capabilities of our facilities and the expansion thereof, research and development projects of META and Panasonic Industry, the total available market and market potential of the products of META and Panasonic Industry, the market position of META and Panasonic Industry, the need to raise more capital and the ability to do so, the scalability of META’s and Panasonic Industry’s production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management’s ability to manage and to operate the business.
More details about these and other risks that may impact META’s businesses are described under the heading “Forward-Looking Information” and under the heading “Risk Factors” in META’s 10-K filed with the SEC on March 23, 2023, in META’s Form 10-K/A filed with the SEC on March 23, 2023, with an SEC filing date of March 24, in META’s Form 10-Q filed with the SEC on August 9, 2023, and in subsequent filings made by Meta Materials Inc. with the SEC, which are available on the SEC’s website at www.sec.gov.
Although the META and Panasonic Industry have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking information or statements. No forward-looking information or statements can be guaranteed. Except as required by applicable securities laws, forward-looking information or statements speak only as of the date on which they are made and META and Panasonic Industry do not undertake any obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
Hong Kong, Sept 27, 2023 – (ACN Newswire) – On September 26, Legend Capital’s portfolio company, TUHU Car (9690.HK), was successfully listed on the main board of the Hong Kong Stock Exchange.
Founded in 2011, TUHU Car is a leading integrated online and offline platform for automotive service in China. By providing a digitalized and on-demand service experience underpinned by the customer-centric model and streamlined supply chain, TUHU Car directly addresses car owners’ diverse product and service needs, creating an automotive service platform consisting of car owners, suppliers, automotive service stores and other participants. TUHU Car’s platform serves most of the passenger vehicle models sold in China, fulfilling a wide spectrum of automotive service demands ranging from tires and chassis parts replacement to auto maintenance, repair, detailing, and more. By providing sporadic automotive service demands onto one platform, customer engagement is significantly increased as compared to the traditional offline automotive service model that is highly dependent on localized service demands.
According to the CIC Report, as of the first half of 2023, TUHU Car had more than 100 million registered users on their flagship “TuHu Automotive Service” app and online interfaces. The company had over 18 million transacting users in the last twelve months ended June 30 2023. With the growing service network, TUHU Car has 5,129 TUHU Workshops and over 20,000 partner stores across China, covering a majority of prefecture-level cities and making the company’s platform the largest car owner community amassed by automotive service providers in China. According to the CIC Report, China’s automotive service market reached RMB1.2 trillion in 2022 and is expected to reach RMB1.9 trillion in 2027. As a necessity for daily life and travel, automobile services have the characteristics of recession-resilient and steadily growing.
Legend Capital has long supported TUHU Car’s development as one of the company’s early investors. Legend Capital exclusively invested in TUHU Car’s Series A financing in 2014 and subsequently made additional investments in the company in its multiple rounds of financing from 2014 to 2020.
China’s automotive service market was still in an extremely early stage when Legend Capital initially invested in TUHU Car. At the beginning of the investment cooperation, TUHU Car only had 27 employees, with its office set up in a warehouse and 50 offline partner stores, and the model of “online order + offline installation” pioneered by TUHU Car had just started in Shanghai. After the investment, Legend Capital assisted the company in completing subsequent multiple rounds of financing and provided support and assistance in strategic planning, management operations, team incentives, and business resources, accompanying the company to grow into a leading integrated online and offline platform for automotive service in China.
As a valuable partner of TUHU Car, Legend Capital would like to congratulate the company sincerely: “Congratulations to TUHU Car and its team on the successful listing. Legend Capital has long been focusing on the empowerment of technology and Internet technology in traditional industries. China’s automotive service market has huge room for development, and TUHU Car has demonstrated a high growth rate in its business after years of development and accumulation. Over the nine years of investment cooperation between Legend Capital and TUHU Car, a deep friendship has been established between us. We are inspired by the company’s management team for the relentless efforts in leading TUHU Car towards success and continuously creating value, and we also greatly admire the TUHU Car team for seizing the opportunity to cut into the automotive service market from Internet applications in the early stages of industry development and achieving rapid growth of the company. The listing is believed to enhance TUHU Car’s brand and supply chain advantages further, continuously solidifying the company’s leading position in the industry.”
About Legend Capital
Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.
It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.
Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.
TOKYO, Sep 12, 2023 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Group CEO: Koichiro Tanaka), which operates an industrial precious metals business as a core company of TANAKA Precious Metals, announced today that it has signed a technical assistance agreement with Chengdu Guangming Paite Precious Metal Co., Ltd., an affiliated company in China, in the area of fuel cell electrode catalyst manufacturing technologies.
Electrode catalysts for polymer electrolyte membrane fuel cells (PEFCs)
As part of the agreement, production equipment will be installed at the plant of Ya'an Guangming Paite Precious Metal Co., Ltd., a subsidiary of Chengdu Guangming Paite Precious Metal, with plans to start full-scale production in the summer of 2024. The companies also plan to start production of fuel cell electrode catalysts for the Chinese market by the end of 2025. As a member of TANAKA and with the leading share of the global market for fuel cell electrode catalysts, TANAKA Kikinzoku Kogyo aims to use this agreement to meet the growing domestic demand for fuel cell electrode catalysts in China.
TANAKA's Fuel Cell Electrode Catalysts
TANAKA's FC Catalyst Development Center, within its Shonan Plant, is currently developing and manufacturing electrode catalysts for polymer electrolyte membrane fuel cells (PEFCs) and polymer electrolyte water electrolysis (PEWE). The company sells highly active, highly durable platinum catalysts and platinum alloy catalysts for PEFC cathodes[1], highly CO-tolerant platinum alloy catalysts and OER catalysts[2] for PEFC anodes[3], and iridium oxide catalysts for PEWE anodes.
PEFCs are used in applications such as fuel cell vehicles (FCVs) and residential-use fuel cells (ENE-FARM), with their use expected to expand in the future to also include buses, trucks, and other commercial vehicles, forklifts and other material handling vehicles, heavy construction machines, robots and other industrial machines, and large stationary equipment. Compact, lightweight, high-output PEFCs employ a chemical reaction between hydrogen and oxygen to generate power, which will make them important devices for the global environment of the future.
One major issue facing the full-scale use of fuel cell batteries is the cost of the platinum they use. TANAKA has been researching precious metal catalysts for more than 40 years, resulting in the development of catalysts that use smaller amounts of precious metals while achieving high performance and high durability. By studying new carrier materials and catalyst post-processing methods and producing more active metal species, the company is currently developing catalysts that are even more suitable for use in fuel cells.
Trends in the Global Fuel Cell Market
In China, government policy continues to drive the development of hydrogen energy and FCVs as strategic industries. The Chinese government is implementing a range of support measures to promote research and development and the expanded use of fuel cell battery technologies. It is also driving the development and adoption of FCVs through subsidies, tax incentives, and other efforts. With other measures, including the development of hydrogen supply infrastructure in cities and along major traffic routes, the country's fuel cell market is expected to grow even further going forward.
In Europe and the United States as well, governments are promoting zero-emission vehicles (ZEVs)[4]. In the EU, as part of the Fit for 55 package of climate change measures adopted by the European Union in April 2023, a bill was adopted to require new passenger vehicles and small commercial vehicles to be zero-emission, in principle, from 2035. (The sale of new vehicles equipped with internal combustion engines will only be accepted after 2035 if they use synthetic fuels (e-fuels)[5].) In the US as well, an executive order was issued in 2021 to require 50% of new car sales to be electric by 2030.
In Japan, the Ministry of Economy, Trade, and Industry has been meeting with representatives of the hydrogen supply industry, automobile manufacturers, logistics companies, local governments, and others since September 2022 to discuss the expanded use of hydrogen in mobility. In an interim summary of discussions in July 2023, it announced that the selection of priority areas for early adoption of trucks and buses that use fuel cells to run will be finalized before the end of this year.
TANAKA will continue to focus on research and development while working to achieve stable supplies of fuel cell electrode catalysts, and as the leading company in the area of fuel cell electrode catalysts, it aims to contribute toward the expansion of fuel cell use and realization of a hydrogen society.
[1] Cathodes: Hydrogen-generation electrodes (air poles) where oxygen reduction reactions take place. This assumes that hydrogen-generation electrodes are being used for water electrolysis (PEWE).
[2] OER catalysts: Catalysts that activate oxygen evolution reactions.
[3] Anodes: Oxygen-generation electrodes (fuel poles) where hydrogen oxidation reactions take place. This assumes that hydrogen-generation electrodes are being used for water electrolysis (PEWE).
[4] Zero-emission vehicles: Electric vehicles (EVs) and fuel cell vehicles (FCVs) that emit no carbon dioxide or other greenhouse gases during operation. In the United States, plug-in electric vehicles (PHEVs) are also considered to be ZEVs.
[5] E-fuels: Petroleum-alternative fuels produced in a chemical reaction between carbon dioxide (CO2) and hydrogen (H2).
About TANAKA Precious Metals
Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,355 employees, the group's consolidated net sales for the fiscal year ending March 31, 2023, was 680 billion yen.
BANGKOK, Thailand, Sept 7, 2023 – (ACN Newswire) – Backed by a rich racing pedigree spanning over four decades, TVS Motor Company unveils the latest addition and a new flagship to its iconic Apache line-up: the TVS Apache RTR 310. This highly anticipated naked sports motorcycle is set to redefine the realm of two-wheeled exhilaration with its impressive blend of power, agility and style and is poised to captivate motorcycle enthusiasts and adrenaline aficionados around the world. It promises an unmatched riding experience, setting new benchmarks and offering a gateway into the world of the freestyler.
Vimal Sumbly, Head Business – Premium, TVS Motor Company and Dr Bernhard Heiming, CTO, TVS Motor Company
The TVS Apache RTR 310 leads in innovation right from its unique design, engine layout, heat management and many differentiated technologies which are focused on rider engagement, safety and comfort.
Speaking on the occasion,Mr. Sudarshan Venu, Managing Director, TVS Motor Company said, “TVS Motor Company has always transformed and redefined technology with the TVS Apache series at the helm, where we brought to life tech led innovations such as ride modes, slipper clutch, connectivity, fully adjustable suspension and the Built to Order Platform. The global launch of the all the new TVS Apache RTR 310 marks a momentous occasion for us, as this motorcycle encapsulates Apache’s 18 year legacy of innovation and performance. With the TVS Apache RTR 310, we’re taking our engineering to a whole new level, offering enthusiasts a motorcycle that’s not only powerful but also brings together different technologies to give a unique riding experience. This motorcycle is positioned to be the flagship product for many global markets including India, Europe, LATAM and ASEAN.”
Speaking at the launch, Vimal Sumbly, Head Business – Premium, TVS Motor Company, said, “The TVS Apache RTR 310 is the first of a new generation of Apache’s that inherit a 40 year racing pedigree and are based on our “Track to Road” philosophy. This machine will be the start of a new era of Freestyle Performance Motorcycling with a core essence of thrill and fun. With many defining technologies, this flagship Apache like every other Apache will lead in technology setting new benchmarks for the category. Its cyborg inspired streetfighter design, all range torque and track tuned agility, elevates the fun of motorcycling for the new age riders – Power to Play for the Freestyler.
The TVS Apache RTR series is already established as a formidable force in the naked format amongst premium lifestyle segment, The TVS Apache series recently crossed its 5 million global sales milestone becoming the fastest growing premium motorcycle brand in the segment.”
Redefining Tech:
Segment First
Segment Defining
Cruise Control
Bidirectional Quickshifter
Dynamic Class D LED Headlamp
Race Tuned Linear Stability Control
Dynamic Brake Lamp
Lightweight aluminum sub frame
5 Ride Modes including all new Supermoto Mode
Tire Pressure Monitoring System
Climatic Control Seats (Heating and Cooling)
Unique Reverse Inclined DOHC Engine
5″ TFT Cluster with GoPro Control, Music Control, Voice Assist, Smart Helmet Device Connectivity, Telephony and Navigation
Race Tuned Dynamic Stability Control with 6D IMU
Cornering ABS
Cornering Traction Control
Cornering Cruise Control
Wheelie Control
Slope Dependent Control
Rear Lift-off Control
Power to the freestyler, packed with performance:
Built from ground-up, the motorcycle’s 312.2 cc engine has a unique reverse inclined DOHC engine that provides a compact engine layout resulting in mass centralisation. The all-new forgedaluminium piston is 5% lighter which produces a peak power of 35.6 PS @ 9,700 rpm and maximum torque of 28.7 Nm @ 6,650 rpm. The engine is tuned for all range torque delivery which gives you unlimited thrill across the power band and the fastest in segment 0-60 of 2.81 secs
The power is delivered through a 6-speed transmission with all new Bi Directional Quickshifter. The quickshifter is specially tuned for widest operating range starting from 2,300 rpm all the way to the red line. The state-of-the-art Throttle-By-Wire system comprises of an intelligent 46mm large throttle body that provides a crisp power delivery
Additionally, the motorcycle offers Race Tuned Linear Stability Control (RT-LSC) that includes straight line dual channel ABS, Cruise control, Linear Traction Control and rear lift protection. The first in segmentcruise control maintains the set speed without any throttle or clutch input helping in reducing rider fatigue over long distance riding. The cruise control feature allows you to downshift and upshift up to 2 gears to achieve optimum cruise rpm and use cruise for longer period.
Race Tuned Slipper Clutch allows for rapid downshifts, allowing for later braking and more precise cornering. The assist function tightly binds the clutch plates during acceleration, to provide enhanced torque carrying capacity with reduced clutch operating force.
The Engine Coolant Jacket Optimization along with 23 rows of radiator tubes is designed to have best-in-class heat management by reducing the engine temperature, allowing for superior performance and higher revving.
The motorcycle brings in Glide Through Technology (GTT), a first-in-segment feature that aids ease of riding during slow movements while in traffic or otherwise.
Sculpted Design and Dynamics of the freestyler:
The TVS Apache RTR 310 sports a forward biased mass with an upswept sleek tail giving it a unique streetfighter silhouette.The DRL, headlamp and tail lamp are all designed to give a menacing cyborg look. The unique lightweight aluminium sub frame embodies an exoskeletal look that maximizes its agility. The all new lightweight 8 spoke dual coloured alloy wheels enhance the flamboyance.
The Hyper Spec trellis frame of the TVS Apache RTR 310 is designed to provide excellent dynamic response at higher speeds, greater agility and ease of manoeuvrability. This is further accentuated with sporty steel tapered handlebars to give the rider precise control. The machine’s ergonomics are optimized for better load distribution to give excellent steering control and good lower back comfort during long rides. The adjustable hand levers provide 4 levels of adjustment for increased accessibility during diverse riding styles.
The suspension on the motorcycle is honed and tuned by the experts from KYB. The monoshock with monotube floating piston technology has hydraulic stopper with check valves providing precise damping and smooth dynamic response to achieve best-in-class lateral acceleration and cornering speeds. The TVS Apache RTR 310 is equipped with Michelin Road 5 tyres, that are engineered with next-gen compounds and featuring Michelin’s patented ACT+ technology, to provide superior grip for cornering and offer a premium ride feel.
Advanced Technology for the freestyler:
Built on a foundation of advanced technology, the motorcycle is equipped with 5 ride modes namely Urban, Rain, Sports, Track and the all-new Supermoto mode that disengages the rear ABS while maximizing the power. The horizontal 5″ TFT race computer offers unique UI themes, and customizable settings including traction control, cruise control, quickshifter, climatic seat control, TPMS, headlamp brightness and DRL control. The SmartXonnect Bluetooth connectivity links the TVS Apache RTR 310 with your smartphone offering a series of features including telephony, music control, GoPro control, smart helmet connectivity, voice assist, race telemetry, precise turn by turn navigation with what3words, digi docs and crash alert.
The motorcycle features first in segment smart lighting features – The all new Class D Dynamic LED Headlamp which has 3 levels of light intensity that changes basis the speed thus providing optimum lighting. The all new Dynamic Brake Lamptriggers rapid flashing of the brake lamp during hard braking.
Customization for the freestyler
TVS Apache RTR 310 will be offered on the TVS Built To Order platform which will empower customers to customize and personalize their machine based on 2 customisation kits namely Dynamic kit, Dynamic pro kit and a unique Sepang Blue Race Graphic option. The kits include first in segment technologies for the hardcore motorcycle enthusiasts.
Dynamic kit includes fully adjustable suspension with preload, compression and rebound damping adjustment on the front suspension and preload + rebound damping on the rear monoshock which a wide range of adjustability for varied riding conditions. The kit also includes a Tire Pressure Monitoring System to keep real time track of tire pressure for optimum performanceand Brass Coated drive chain that not only enhances the look of the motorcycle but also protects from rust thus increasing the life of the chain.
The new Dynamic Pro kit will offer a host of first in segment technology features namely Race Tuned Dynamic Stability Control and Climate Control seat. The RT-DSC features a first in segment 6D IMU that provides the ultimate safety package – Cornering ABS, Cornering traction control, Cornering Cruise control, wheelie control, slope dependent control and rear lift-off control. The IMU is also paired with the cruise function to offer a first in segment cornering cruise control that adjusts the cruising speed of the motorcycle basis the lean angle and use cruise for longer period.
Globally the first in motorcycles, Climatic Control seat offers instant heating and cooling by 15oC from the ambient temperature and is controlled via the TFT cluster.
With respect to styling, the Sepang Blue – Race Edition, reflects 40 years of TVS Racing heritage through unique race inspired decals paired with the iconic blue, red and white colours.
The TVS Apache RTR 310 boasts of 12 exclusive freestyler accessories including knuckle guard, visor, pannier and top box kit and 14 safety gears and lifestyle merchandize for the customers to choose from. The motorcycle offers 24×7 roadside assistanceand hassle-free servicing with its annual maintenance contracts.
The TVS Apache RTR 310 is launched in 3 standard SKUs and 3 BTO customizations with an attractive pricing:
Variant
Price (Ex-Showroom India)
Arsenal Black (w/o Quickshifter)
₹ 2,42,990
Arsenal Black
₹ 2,57,990
Fury Yellow
₹ 2,63,990
BTO (Built To Order)
Dynamic Kit
Dynamic Pro Kit
Sepang Blue
₹ 18,000
₹ 22,000
₹ 10,000
About TVS Motor Company
TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products ofthe highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company NortonMotorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For moreinformation, please visit www.tvsmotor.com.
HONG KONG, Aug 25, 2023 – (ACN Newswire) – On August 23, Wuling Motors Holdings Limited (Wuling Motors), a company listed on the Hong Kong Stock Exchange, released its "Mid-Term Report" for 2023. The company achieved a revenue of over RMB 5 billion in the first half of the year, with a net profit of RMB 12.26 million, turning the loss into profit compared to the same period last year. The net profit attributable to owners of the company increased from a loss in the same period last year to a profit of RMB 1.521 million, demonstrating the resilience of its growth.
Wuling Motors has been repeatedly ranked among the top 100 global auto parts suppliers. Internally, the company has implemented lean concepts to improve its management, such as enhancing production efficiency, improving product quality, reducing costs, and achieving technological breakthroughs, with the goal of promoting sustainable and healthy development. Externally, the company has expanded its market and entered emerging industries. In addition to its core business advantages, Wuling Motors has devoted itself to technological innovation by strengthening, supplementing, extending and stabilizing the chain and through continuous research and development, so as to build strength in the fields of medium and high-end passenger vehicles and new energy vehicles. Additionally, seizing the opportunities provided by China's strategic initiatives such as the Regional Comprehensive Economic Partnership (RCEP) and the "dual carbon" goal, the company further enriches its product portfolio and expands its "going global" strategy. This makes it possible for the company to enhance its industry competitiveness and brand influence further, boost the high-quality development of business and improve profitability.
Significant Improvement in H1's Gross Profit Margin Marks the Accelerated Development of the New Energy Vehicle Business
In the first half of 2023, Wuling Motors faced challenging market conditions including decreased demand in the industry, intensified competition, and tight supply chains. However, the company has implemented multiple measures to achieve steady growth in performance. Regarding the "increase in profits" of H1, the company mentioned in its Interim Report that the positive impact of cost control due to the restructuring of the new energy vehicle business and cost reduction in three areas led to a decrease in expenses during the period.
The company's gross profit for the reporting period was RMB 411 million, representing a 10.3% increase compared to the same period last year. In its Interim Report, the company stated that apart from the favorable factors such as the decrease in raw material prices such as steel and the start of mass production of new products with higher gross margins, the increase in gross profits was also attributable to fine cost control and comprehensive budget management, which led to cost reduction and efficiency improvement. The gross profit margin of H1 was 8.1%, an increase of about 220 basis points compared to the same period last year when it was 5.9%.
Amid the rapid development of the global automotive industry chain and the backdrop of the "new four modernizations" in the automotive sector, Wuling Motors seized the opportunity of the new energy transformation to accelerate the development of the new energy vehicle industry, making significant achievements. It successfully developed the core parts of new energy vehicles, such as electric drive axles, motor and electronic control systems, hybrid power systems, and methanol engines.
With the rapid development of new energy vehicles, customers' needs for NVH (noise, vibration, and harshness) experience are being upgraded. In response to such a condition, Wuling Motors significantly shortened the overall execution cycle including conceptualization and demonstration, project approval and equipment commissioning. Its core products achieved a substantial upgrade in vehicles' NVH from 70dB to 58dB. The company has developed the first two-in-one coaxial axle commercially mass-produced nationwide, and the production and sales of new energy vehicle axles exceeded one million sets.
Wuling New Energy, a joint venture of Wuling Motors in its new energy business, has achieved remarkable success in overseas markets. Taking new energy commercial vehicles as an example, the company has continuously explored the new energy logistics market and officially launched the "Linxys" brand during the period. The first hybrid small truck, namely Linxys Gold Truck, was officially launched. After its entry into the North American market, the new energy logistics vehicle from Guangxi entered the Japanese market within the year for the first time. The first batch of new energy pure-electric logistics vehicles was officially delivered to FEST, successfully entering the European market. At present, it has formed an export model with the three major developed markets of the United States, Japan, and Europe, achieving simultaneous development in these three markets.
Wuling Motors strives for the "new" to inject endogenous power into the company. While strengthening technological research and development and promoting innovation, Wuling Motors has never stopped in the development of new products and the exploration of new fields. In the second half of the year, Wuling Motors' multiple technological achievements have been transformed for commercial use, with several frame models going into production and sales for the first time. The new production line for stamping modules has also been put into operation smoothly. Wuling sightseeing cars and golf carts have been dispatched to the United States, the Hong Kong Special Administrative Region, and Canada. The new market of clean synthetic fuel (E-fuels) has been officially opened, and more good news has followed.
Wuling Motors has also seen prominent performance in the fields of medium and high-end passenger vehicles and new energy vehicles. The new rear axle products installed in GWM's high-end plug-in hybrid off-road SUV boast high transmission efficiency, good NVH level, and excellent off-road performance. It is expected that the monthly demand for the products will quickly increase to several thousand units. The E10 road maintenance vehicle of Wuling New Energy, which has been officially rolled off the production line, adopts an industrial high-pressure reciprocating water pump that can spray water continuously for about 60 minutes. The first LJ4M20 series methanol engine has effectively solved two major problems, including the engine cold start at a low temperature and corrosion of engine components by methanol. Ten new-generation mobile energy storage and charging vehicles are undergoing trial operations in parking lots and highway service areas in various regions nationwide.
The Combination of Advantages and Opportunities Empowers Automotive Enterprises to Create a New "High-Quality, Green, and Low-Carbon" Vision
In fact, Wuling Motors has long aimed at the core business of the entire new energy vehicle industry chain.
In terms of production, Wuling Motors has strategically transformed from a single production point in Liuzhou, China, into a cross-provincial production group with factories in Guangxi, Shandong, Chongqing, and Hubei. This is beneficial for the company to continue tapping into regional markets. Forging ahead, Wuling Motors has also developed a supporting market for high-end parts. The Atkinson engine with a high thermal efficiency and hybrid powertrain achieved mass production and surpassed sales expectations for the entire year, which has enabled the company to successfully transform and upgrade from traditional fuel-powered vehicles to new energy vehicles with hybrid power.
As an industrial city with a strong automobile manufacturing background, Liuzhou has attracted lithium battery enterprises and formed a good industrial cluster, undoubtedly providing a "fertile ground" for Wuling Motors' growth. Engines with high thermal efficiency such as 1.5T and H16 independently developed by Wuling Motors were born here, allowing the company to take a big step towards the strategic goal of energy technology development.
Wuling Motors is also known for its manufacturing advantages in the commercial vehicle field. Its commercial vehicle division is equipped with a comprehensive automotive equipment line, covering production processes such as welding, painting, and equipping. It has solidified its future development potential through diverse product lines. Currently, Wuling Motors has developed various types of commercial vehicles, including refitted vehicles, special vehicles, and off-road vehicles. It can produce sightseeing vehicles, golf carts, refrigerated vehicles, police cars, fire trucks, electric delivery vehicles and other vehicles according to market demand. Its customers range from government departments, public institutions, and small and medium-sized private enterprises to individual customers, and its products are mainly sold in local markets across China and overseas markets.
Last year, Wuling Motors also invested in Wuling New Energy. With the advancement of business, the acceleration of mass production of new energy components, and the emergence of scale benefits, the development dividends of Wuling Motors in the field of new energy vehicles may be further released, making it an expected new growth point for the company's performance. It is reported that the Linxys brand of Wuling New Energy will focus on the market of new energy commercial vehicles in the future, gradually releasing hybrid and pure electric models, and developing a full range of micro, medium, and large vehicles, as well as micro and small trucks and terminal logistics vehicles.
Industrial manufacturing and technological strength provide strong support for Wuling Motors' future growth. With the support of industry trends, favorable policies, and forward-looking business layouts, Wuling Motors has entered a period of development opportunities and seen enormous potential in performance.
On the one hand, as China intensifies its support for the development of clean energy and renewable energy, and fully implements the "dual carbon" goal, Wuling Motors, which closely focuses on business in promising sectors such as new energy and energy storage, will benefit. At the same time, with the development opportunities brought by the RCEP and the Chinese auto brands entering international markets, Wuling Motors's products are expected to accelerate their expansion to overseas markets. On the other hand, the global automotive industry chain has developed rapidly in recent years. Against the backdrop of a new wave of automotive development and consumer upgrades, the penetration rate of domestic new energy vehicles is rapidly increasing and medium and high-end passenger vehicles are favored by consumers.
In recent years, various policies related to the development of the new energy vehicle industry, such as the Regulations on New Energy Vehicle Manufacturing Enterprises and Product Access Management and the Planning for the Development of the Energy-Saving and New Energy Automobile Industry (2012-2020) and the China New Energy Vehicle Industry Development Plan (2021-2035), have been continuously introduced. Specific measures such as the reduction of vehicle purchase taxes for new energy vehicles, the construction of a high-quality charging infrastructure system, and support for selling new energy vehicles in rural areas have further accelerated the development of the new energy vehicle industry.
Data shows that in the past decade, the sales of new energy vehicles in China have continued to soar, from 13,000 vehicles in 2012 to 6.887 million vehicles in 2022, an increase of over 500 times, and the production and sales have ranked first in the world for eight consecutive years. Exports of new energy vehicles have also grown strongly. According to data from the China Association of Automobile Manufacturers, in the first half of this year, China exported 534,000 new energy vehicles, a year-on-year increase of 160%. This far exceeds the overall level of automobile exports.
The future prospects of the industry are still promising. According to a research report from Chuancai Securities, China's new energy vehicle industry has entered a period of fast growth, with sales in both domestic and international markets growing rapidly. The trend of automotive electrification and intelligence will remain unchanged, and the relevant industrial chain will continue to develop rapidly.
Entering a new stage of comprehensive transformation towards new energy, Wuling Motors, with its technological strength as the core competitiveness, adopts a mindset of "change-seeking" to overcome obstacles and seize industry development opportunities to deploy its business. Committed to establishing a dual funding chain of self-financing and market-based financing, it will continue to leverage its advantages to pursue high-quality development in the future.
HONG KONG, Aug 24, 2023 – (ACN Newswire) – According to the half-year report released August 23rd by Wuling Motors Holdings Limited (Wuling Motors), the company's revenue in the first half of 2023 was RMB 5.089 billion and its net profit was RMB 12.26 million. It is particularly noteworthy that the company's new energy vehicle (NEV) business saw its proportion rise steadily and also performed well in overseas market expansion, with huge business potential. For example, after launch, a number of upgraded versions of off-road vehicles such as sightseeing buses and golf carts received satisfactory responses from overseas markets.
As the NEV industry develops rapidly, product upgrading and innovation are becoming new driving forces for the future growth of Wuling Motors.
Products Upgraded to Adapt to Market Changes and Release Transformation Potential
Since the beginning of this year, Wuling Motors has accelerated its transformation from traditional manufacturing to intelligent products, intelligent manufacturing and digital services throughout the whole life cycle of vehicles with the goal of strengthening, supplementing, extending and stabilizing the chain. Wuling Motors' core products now cover the entire automobile industry chain, with continuous efforts being made to expedite its transformation towards the NEV field.
As one of the company's main business segments, its component business enters the breakthrough stage in 2023. In terms of new business expansion, Wuling Motors has become a component supplier of, GWM, Foton, Hozon, and BAIC, among others. For further expansion and diversification, Wuling Motors continues to carry out various business expansion plans and promote its components to other customers. Things fare well at present. Lately, a new rear axle product of Liuzhou Wuling Automobile Industry Co., Ltd. under Wuling Motors has been applied to GWM's high-end plug-in hybrid off-road SUV models and its production capacity has begun to climb. In addition, the sales of micro integral electric axles have exceeded 1 million units. By closely connecting products with customer needs and designing products based on the logic of technology platforms, Wuling Motors can not only customize its components for a particular vehicle model but also quickly adapt them to more vehicle models. It aims to shorten its development cycle and improve its product reliability to meet the market's demand for a quick new product launch pace. Regarding the power system business segment, Liuzhou Wuling Liuji Power Co., Ltd. under Wuling Motors has impressively improved its profitability resulting from the launch of new products. Moreover, it has also actively explored new markets for its casting products, from which supply of casting products to BYD in quantity has been started.
Despite a host of challenges in its transformation as a traditional enterprise, Wuling Motors tries to meet market needs through overall improvements and adjustments in technology and the industrial chain and to seize opportunities brought by industry changes through early planning. The company is making achievements in its transformation which covers the range of hybrid power systems and new energy power systems. In terms of auto components and power systems, Wuling Motors has transformed its logistics vehicles and special vehicles into electric vehicles or NEVs. In particular, it made a major breakthrough in the NEV market recently. Since it launched its electric logistics vehicles in 2020, it has sold more than 20,000 electric logistics vehicles, reaching a record high.
Wuling Motors have also exported its off-road vehicles such as sightseeing buses, patrol cars and golf carts to new overseas markets such as Southeast Asia, America, Europe, and Africa, winning the recognition of international customers with excellent service, high quality, and customization ability. On August 8, two off-road vehicle models of Wuling Motors officially made inroads into Canada. Previously, it had put its golf carts into the Hong Kong market. Logistics vehicles in cooperation with some Japanese partners have realized mass production and been exported to Japan in quantity. Wuling Motors is committed to providing global customers with high-quality solutions for diverse scenarios such as tourism, leisure, sports, and logistics.
Exploring Opportunities in the NEV Industry
On August 17, the People's Bank of China released its 2023 Second Quarter China Monetary Policy Execution Report. The report points out that developing NEVs is the only way for China to move from a large automobile country to an automobile power, and that it is also a strategic measure to cope with climate change and promote green development.
In recent years, China's NEV industry has been flourishing, driven by the nation's policy support, technological progress, and market demand. China ranks first globally in the export volume of NEVs, with more than 60% of the world's NEVs produced and sold in China. The penetration rate of NEVs in the Chinese market is projected to exceed 60% by 2025, and the market share of Chinese automobile brands is likely to increase to 70%.
This makes Wuling Motors firmly resolute in dedicating itself to the NEV field. Apart from vehicles, the company is also seeking new business opportunities in the component industry chain. In terms of automobile power supply systems, Wuling Motors pursues green and low-carbon transformation and high-quality development. While upgrading its traditional power systems, it is also developing new energy power systems to accelerate its transformation and upgrade towards NEV power systems. As for auto components and other industrial services, Wuling Motors continues to further digitize its component R&D and manufacturing to develop popular high-end component products with advanced technologies and core competencies, as a continuous effort to expand to mid-to-high-end passenger vehicle and NEV component fields. In terms of commercial vehicles, Wuling Motors will seek breakthroughs in high-value-added modification, expand to the market of high-value special modified vehicles and other products, continue to develop the international market, and strive to bring more products to global markets by learning the export models and relevant experience of the United States, Japan, and Europe. It will seize market opportunities to multiply its NEV business.
It is said that Wuling Motors expects to raise the proportion of its NEV business to more than 50% to further accelerate its development. As Yuan Zhijun, President of Guangxi Automobile Group Co., Ltd. and Chairman of the Board of Wuling Motors, put it, Wuling Motors hopes to gain recognition and strengthen its development in the NEV market through product R&D and technical reserves, so as to push the transformation and upgrading of the whole group company's component business. Besides further promoting its products to its existing customers, Wuling Motors will also try to play a better role in the NEV field by strengthening its NEV product planning.
Cutting-edge sleek and aerodynamic design defines the TVS X, a ‘lean-mean-clean’ machine built on the all new TVS Xleton platform demonstrating artful engineering
Built around a ‘rider-first’ philosophy, the TVS X has been developed ground up to offer class leading performance – 0-40kmph in 2.6 seconds, and a sustained max speed of 105 kmph
TVS X amps up its commitment to world class connected tech with its 10.2-inch TFT cluster powered by the next-gen TVS SmartXonnect platform
Added layers of safety with the introduction of TVS Smart Xhield.
DUBAI, Aug 24, 2023 – (ACN Newswire) – In line with its commitment towards offering sustainable mobility solutions globally, TVS Motor Company, a reputedmanufacturer of two and three-wheelers, today launched the keenly anticipated, TVS X its flagship crossover EV witha host of industry first attributes. This revolutionary machine sets a new benchmark in the global electric mobility industry with its stunning design, unmatched performance, and cutting-edge tech features, carving out a new category in the electric mobility segment. As a frontrunner in sustainable mobility solutions, TVS Motor Company aims to transform the EV segment and reaffirm its commitment to a more sustainable and cleaner future.
Mr. Sudarshan Venu, Managing Director, TVS Motor Company at the launch of the revolutionary premium electric crossover, TVS X at Dubai, UAE
With a rapid uptick in the adoption of EVs globally, the TVS X will play a pivotal role in creating a niche in the EVindustry. Backed by rider-first engineering, to deliver rider-machine unity, this lean-mean-clean machine designed to create desire, has been developed from the ground up at TVS Motor’s R&D facility. Designed, developed, and made-in-India, TVS X comes with a powerful electric motor and advanced battery technology. This machine promises not only thrilling acceleration but also an impressive range, ensuring convenience and comfort, thus making it an ideal zero-emission and sophisticated electric mobility solution. This flagship EV from the house of TVSMotor introduces not only stellar performance, but also an array of safety features, with a number of class leadingofferings in line with its vision of creating a clean, intuitive and tech-first product. It is designed for young Indians who are the global trendsetters.
Speaking at the launch, Mr. Sudarshan Venu, Managing Director, TVS Motor Company said, “Our dedication to harness technology and innovation towards a greener and more sustainable future has brought to us this incredibly desirable machine. This launch marks a defining moment in TVS Motors’ journey of showcasing a made-in-India EV, the TVS X. It has been designed for the global citizens, who are trendsetters and visionaries with a passion for technology. It is set to inspire a shift towards premium yet sustainable and technologically advanced mobilitysolutions. It leads the way to become a global benchmark for a machine that is born electric. The TVS X embodies innovation with a disruptive mindset. It has sustainability at its core and embodies the next era of clean mobility. Withits remarkable performance, premium aesthetics, and integrated, intuitive, and personalised experiences, we believe it will redefine mobility worldwide.”
The three pillars defining the TVS X include:
Design: Artful Engineering: A sleek and aerodynamic, “lean-mean-clean” machine
At the heart of the TVS X is its cutting-edge design, created with an inside-out approach, where form follows function. It offers a visually stunning silhouette that has been aerodynamically optimised to bring to life our design philosophy that shows harmonious flow and dynamics, leading to a machine that is designed to be truly fast and thrilling. This electric machine is an absolute head-turner and evokes an unbroken sense of awesome wonder in every rider.
Built on an all-new platform, the TVS Xis built on a high precision cast aluminium alloy frame as its centre piece. The TVS Xleton frame sets a benchmark in the industry and has been developed with optimum stiffness anddurability in mind. The layout flows into a mono cast subframe, designed to maximise space and convenience. The minimized drag resistance ensures the vehicle cuts through the air with least resistance thus enhancing the vehicle’s efficiency. This also boasts of a segment 1st Ram Air Cooled Motor as opposed to existing forced convection cooling methods, that allows dynamic cooling for critical parts, and deliver sustained performance.
Further to the innovative design, there are enhancements made to the light architecture on the TVS X that transforms the mundane into a special experience. The four-element LED headlamp leads the way with signature style, followed by sequential turn indicators and programmable light sequences that allow the user to animate start up, shut down and various other vehicle states to personalise the machine.
The TVS X is built around a ‘rider-first’ philosophy. It has been developed from the ground up to break the norm and is engineered to allow riders to experience handling at a telepathic level. From vehicle dynamics, control software,powertrain, the aluminium frame, new OS, to the robust software architecture, everything has been developed from scratch in house by dedicated design, engineering, and software teams.
The TVS Xleton frame offers >2X tortional stiffness and >4X the vertical stiffness compared to the category standard, offering superb agility and extraordinary steering precision. A carefully packaged battery unit complements it to manage the centre of gravity and deliver best-in-class dynamics that enhances the rider’s senseof control. Specially developed tyre compounds, for the TVS X, also improves grip levels while reducing rolling resistance.
At 11kW of peak power, the TVS X is the most powerful EV in the segment with class leading acceleration of 0- 40kmph in 2.6 seconds, and a sustained true max speed of 105kmph. This thrillectric performance is possible from the PMSM (Permanent Magnet Synchonous Motor) motor supported by an integrated controller, developed inhouse by TVS Motor.
Further efficiency gains are made thanks to multi-level selectable re-gen modes to suit individual riding styles. In case of emergencies, it is equipped with the latest generation of ABS, also a segment first, for confidence inspiring stops. TVS X comes with a smart Hill-Hold feature, that ascertains the most precise operation.
TVS X has a high-performance battery pack that delivers 4.44kWh of installed capacity energy, one of the best in the segment. The in-house developed Battery Management System at TVS Motor ensures safe operation and prolonged lifespan of the cells by continuously monitoring current flow. Finally, TVS X comes with option of Smart XHome rapid charger, that delivers 0 – 50% in 50 minutes (optional add-on 3 kW fast charger) OR portable charger delivering 0 – 80% in 4 hours 30 minutes (950W charger).
Connected Technology: Mobility Reimagined: Integrated, Intuitive and Personalized Experience
Launch showcases software platforms and technology built on best-in-class open source framework and components that makes TVS X instinctive, scalable, modular and effortless.
The re-imagined rider interface comes with a 10.2-inch HD+ TFT touchscreen, the largest in this class, and offersdeeper customisation. To add to the convenience, the expansive cluster, placed atop the forged aluminium handlebar, can also be adjusted for tilt, ensuring the rider always has the best visibility in all riding positions.
TVS NavPro, the onboard navigation system built with the next-gen TVS SmartXonnect platform, brings context aware information to the rider. The signature EV specific routing algorithms pre-emptively maps charging stations enroute for a hassle-free experience enhancing productivity. Further, the destinations between the mobile app and the vehicle can be seamlessly synced.
The TVS X is one of the most advanced two-wheelers in the world that also offers great personalisation. TVS PlayTech: A wide array of widgets can be chosen to personalise the information displayed, select themes or simplyupload pictures as cluster wallpaper. There are four unique ways to unlock TVS X which enables easy access.
Segment first immersive features like Wellness, Gaming, Live video streaming and internet browsing designed forall riding episodes. In addition, there is another layer of safety that comes assured with the TVS Smart Xhield. It helps safeguard the rider with proactive safety features like crash alert and tow alert and also offer dedicated assistance while enhancing security. There’s more, like live vehicle location sharing, straight from the cluster, an industry first.
The launch marks a significant milestone in the evolution of electric mobility. With exceptional performance, intuitive technology, and futuristic design, TVS X is set to create a lasting impression across the world and reinforce TVSMotors’ position as a pioneer in the EV industry. Focusing on key international markets, leveraging its well-established network and strategic partnerships, TVS Motor aims to introduce the TVS X across global markets, offering its customers an elevated commuting experience.
Booking for TVS X are open now on our website www.TVSMotor.com/TVS-X.Deliveries across 15 cities will start from Nov 2023 in a phase-wise manner.
TVS X will be available at a Thrill-electric introductory price of INR. 2,49,990/- (Ex-showroom Bengaluru) withportable 950W chargers at INR. 16,275 (including GST) and a 3kW Smart X Home rapid charger is also available as an option. FAME incentive is not applicable for TVS X.
Presenting the opportunity to be among the privileged owners of the initial 2,000 units of the TVS X each distinguished by the coveted “First Edition” insignia. Enriching this experience is the inclusion of impeccably curated Concierge service and Garmin Smartwatch, meticulously designed to complement the TVS X This exclusive offer comes at Rs 18,000.
Key highlights of the new TVS X:
Maximum power 11 kW (15 PS), rated power 7 kW (9.5 PS), torque 40 Nm
Aluminium alloy frame and single-sided rear swingarm
10.2-inch TFT touchscreen with tilt adjust
Three riding modes “Xtealth”, “Xtride” and “Xonic” as standard
Multi-level re-gen modes
Telescopic forks at the front, offset Monoshock at the rear
10th generation ABS (front wheel only)
Cruise control
Reverse assistant
TVS SmartXonnect Connected features
Live video streaming, on board games, web browser
EV charger routing and Ride Glance journey information
Live location sharing, call and message straight from cluster
TVS Smart Xhield for rider safeguard and assistance
Accessible seat height of only 770 mm
Keyless Ride
Signature LED headlight including daytime running lights and sequential side indicators
External 950W portable charger for household socket OR 3kW SmartXHome charger
Anti-theft alarm
About TVS Motor Company
TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia.Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in makinginternationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotivemotorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the mostsuperior customer experience across 80 countries in which we operate. For more information, please visit www.tvsmotor.com.
HONG KONG, Aug 17, 2023 – (ACN Newswire) – On August 9, the School-Enterprise Joint Research Centre for Advanced Battery Technology of Fudan University-Gotion High-Tech (the "Joint Research Centre") was officially established and licensed in Jiangwan Campus of Fudan University. According to the agreement, both parties will carry out joint R&D and exchange on the projects of advanced materials and battery technologies such as sodium-ion batteries, thermal insulation materials and LMFP materials. Ma Yugang, an academician of the Chinese Academy of Sciences, an assistant to the president of Fudan University and the dean of the Institute of Science and Technology, and Cheng Qian, the executive president of international business of Gotion High-Tech, unveiled the Joint Research Centre on behalf of both parties. Chu Junhao, an academician of the Chinese Academy of Sciences and the dean of the Institute of Optoelectronic, Fudan University, said that this was meaningful and powerful cooperation and it was expected that the Joint Research Centre could become a source of original innovation of advanced battery technology and an "incubator" for high-level application-oriented talents in China.
Ma Yugang (right rear), an academician of Chinese Academy of Sciences, an assistant to the president of Fudan University and the dean of Institute of Science and Technology, and Cheng Qian (left rear), the executive president of international business of Gotion High-tech, witnessed the establishment of the Joint Research Centre
Ma Yugang (right), an academician of Chinese Academy of Sciences, an assistant to the president of Fudan University and the dean of Institute of Science and Technology, and Cheng Qian (left), the executive president of international business of Gotion High-tech, unveiled the Joint Research Centre
Ma Yugang (first from the left), an academician of Chinese Academy of Sciences, and Chu Junhao (first from the right) awarded letters of appointment to the heads of the Joint Research Centre
Group photo of guests of the ceremony of contract signing and unveiling and academic seminar
The cooperation between Gotion High-tech and Fudan University started in August 2022. Dr. Zhang Ya, the president of the Tsukuba Research Institute of Gotion High-tech, made a report on the construction of the Joint Research Centre on site. Over the past year of cooperation, the project teams of the Joint Research Centre have regularly carried out in-depth exchange and cooperation on topics such as anode and cathode materials of sodium-ion batteries, research and development of pre-lithiation technology, development of thermal insulation materials, research and development of LMFP materials, and development of high-security and high-performance composite cathode materials. "At present, our multiple R&D projects are progressing smoothly, and some have even achieved breakthroughs."
Professor Li Wenwu of the Institute of Optoelectronics, Fudan University is one of the responsible persons of the Joint Research Centre. Li Wenwu introduced that both parties will give full play to their respective advantages in scientific research and market application, and share resources such as R&D platforms and personnel. Fudan will assist Gotion in solving vital technical problems in development, support Gotion in carrying out exploratory and practical research combining cutting-edge scientific and actual market demands, and jointly promote related technological innovation and industrialization such as energy storage conversion, advanced battery technology, digital energy and new material development.
Jing Yong, General Manager of the Science and Technology Park of Fudan University, said that the Science and Technology Park, as one of the tripartite cooperation, connects the university at one end and faces the enterprise at the other end, actively plays the role of a bridge, participates in the construction of the Joint Research Centre, provides space, facilities, personnel and other supporting services for both the university and the enterprise, and fully supports the university and the enterprise in jointly carrying out collaborative innovation from basic research to key technology research and development and integrated application in scientific frontiers and high technology field.
Dr. Cheng Qian, the executive president of international business of Gotion High-tech, said that the establishment of the Joint Research Centre was a milestone for Gotion High-tech to actively cooperate with the world-class university. "We are very looking forward to the prospect that through this project of the Joint Research Centre, both parties can have in-depth exchanges and complement each other's advantages in resource sharing, technology research and development, talent training and other aspects", so as to provide support for the industrialization of basic scientific research of Fudan with the power of Gotion and empower Gotion High-tech to make progress in power battery technology with the talent of Fudan.
As the consultant director of the Joint Research Centre, Chu Junhao, an academician of the Chinese Academy of Sciences and the dean of the Institute of Optoelectronics, Fudan University, proposed three requests to the Joint Research Centre. Firstly, we shall deliver results. We hope that the research on energy storage technology by both parties can promote the development of a new energy industry, and hope to jointly develop new materials and new technologies to promote industrial development; secondly, we shall develop talents. Talents of the enterprise and Fudan can flow in both directions for further study and provide more talent reserves for the development of the new energy industry; thirdly, we shall accumulate experience. We hope that this innovative university-enterprise cooperation can make substantial contributions to the basic scientific research of Fudan and the battery technology progress of Gotion High-tech.
Ma Yugang, an academician of the Chinese Academy of Sciences, an assistant to the president of Fudan University and the dean of the Institute of Science and Technology, said that the establishment of the School-Enterprise Joint Research Centre for Advanced Battery Technology by Fudan and Gotion was a specific reflection of the implementation of the national innovation-driven development strategy, which was conducive to accelerating technological innovation and achievement transformation of Fudan University. "I believe that under the leadership and support of Fudan University and Gotion High-tech, the Joint Research Centre will become an important industry-university-research base for gathering and cultivating outstanding scientific and technological talents and carrying out high-level academic exchanges. Through the joint efforts of the research teams of both parties to organize high-level basic research and applied technology research, we will continue to produce high-quality and high-level scientific research achievements, so as to make greater contributions to the sustainable development of China's battery technology and scientific and technological innovation of national green energy!"
In the afternoon of the day, a number of professors, experts and scholars from the Department of Chemistry, Institute of Optoelectronics, Department of Materials Science, School of Microelectronics and School of Information Science and Technology of Fudan University conducted academic exchanges and discussions on cutting-edge topics such as all-solid-state batteries, solar cells, new sodium-ion batteries and LMFP cathode materials on site.
HONG KONG, Aug 15, 2023 – (ACN Newswire) – VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") today announced the completion of their previously announced business combination (the "Business Combination"). The listed company following the Business Combination is VinFast Auto Ltd., and its shares and warrants will commence trading on the Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbols "VFS" and "VFSWW," respectively, on August 15, 2023.
Representatives of VinFast and Black Spade
The announcement of the completion of the Business Combination comes after Black Spade's shareholders voted to approve the transaction on August 10, 2023. As a result of the Business Combination, Black Spade became a wholly owned subsidiary of VinFast and is expected to be delisted from the NYSE American LLC.
Madame Thuy Le, Global CEO of VinFast Auto Ltd., said: "Becoming a U.S-listed company marks a significant milestone in VinFast's global expansion. More than just transaction on the stock market, going public reflects a powerful vote of confidence in our vision and potential, as well as fulfills our pledge to make smart, safe and environmentally friendly electric vehicles accessible to everyone. I sincerely appreciate the wonderful collaboration with Black Spade as our respected partners who are joining us in our 'boundless together' journey towards a greener future for us and future generations."
Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition Co, shared, "We are very pleased to announce the successful completion of the Business Combination with VinFast, an exceptionally fast-growing and scalable company in the electric vehicle ("EV") sector. VinFast has developed an engaging array of smart, safe, and eco-friendly EV models. We are confident that VinFast will maintain its commitment to offering high-quality products accompanied by outstanding after-sales services. A listing on the Nasdaq will enhance VinFast's global outreach by facilitating even wider access to capital. Driven by a shared aspiration to shape a better future through innovation, we anticipate our collaboration with VinFast to bring about a fresh chapter of sustainable mobility."
Additional information about the transaction, including a copy of the business combination agreement, is available in Black Spade's Current Report on Form 8-K, filed on May 12, 2023 with the Securities and Exchange Commission ("SEC") at www.sec.gov.
More information about the transaction is available in VinFast's registration statement on Form F-4 which includes BSAQ's proxy statement and VinFast's prospectus in relation to the business combination, which was first filed with the SEC on June 15, 2023.
About VinFast VinFast – a member of Vingroup JSC – is Vietnam's leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures and exports a portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. Learn more at www.vinfastauto.us.
About Black Spade Acquisition Co Black Spade Acquisition Co ("BSAQ") is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). BSAQ was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Learn more at: https://www.blackspadeacquisition.com.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the transaction between VinFast Auto Ltd. (the "Company") and Black Spade Acquisition Co ("Black Spade"), including statements regarding the benefits of the transaction, the anticipated benefits of the transaction, the Company or Black Spade's expectations concerning the outlook for the Company's business, productivity, plans and goals for product launches, deliveries and future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations of the Company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are their managements' current predictions, projections and other statements about future events that are based on current expectations and assumptions available to the Company and Black Spade, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that investors of the Company may not receive the same benefits as an investor in an underwritten public offering, (ii) the risk that the Black Spade securities may experience a material price decline after the transaction, (iii) the adverse impact of any shareholder litigation and regulatory inquiries and investigations on the Company's business, (iv) a reduction of trust account proceeds and the per share redemption amount received by shareholders as a result of third-party claims, (v) the risk that distributions from trust account may be subject to claw back if Black Spade is deemed to be insolvent, (vi) the ability of the Company to get approval for listing of its ordinary shares and warrants and comply with the continued listing standards of the Nasdaq, (vii) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (viii) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (ix) risks associated with being a new entrant in the EV industry, (x) the risks that the Company's brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (xi) the Company's ability to successfully introduce and market new products and services, (xii) competition in the automotive industry, (xiii) the Company's ability to adequately control the costs associated with its operations, (xiv) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xv) the Company's ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xvi) the Company's ability to establish manufacturing facilities outside of Vietnam and expand capacity within Vietnam timely and within budget, (xvii) the risk that the Company's actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xviii) the demand for, and consumers' willingness to adopt EVs, (xix) the availability and accessibility of EV charging stations or related infrastructure, (xx) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xxi) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company's financial condition, results of operations or cash flows, (xxii) battery packs failures in the Company or its competitor's EVs, (xxiii) failure of the Company's business partners to deliver their services, (xxiv) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company's EVs or operations, (xxv) the risk that the Company's research and development efforts may not yield expected results, (xxvi) risks associated with autonomous driving technologies, (xxvii) product recalls that the Company may be required to make, (xxviii) the ability of the Company's controlling shareholder to control and exert significant influence on the Company, (xxix) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates and (xxx) conflicts of interests with or any events impacting the reputations of Vingroup affiliates or unfavorable market conditions or adverse business operation of Vingroup and Vingroup affiliates. The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's registration statement on Form F-4 filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, Black Spade's Quarterly Report on Form 10-Q for the three-months ended March 31, 2023, which was filed with the SEC on May 15, 2023, and other documents filed by the Company and/or Black Spade from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. The Company and Black Spade assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither the Company nor Black Spade gives any assurance that either the Company or Black Spade will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Black Spade or any other person that the events or circumstances described in such statement are material.
Additional Information and Where to Find It This document relates to a transaction between the Company and Black Spade. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. In connection with the Business Combination, the Company filed a registration statement on Form F-4 with the SEC (as may be amended from time to time, the "Registration Statement") on June 15, 2023, which included a proxy statement of Black Spade and a prospectus of the Company. The SEC declared the Registration Statement effective on July 28, 2023.
The Registration Statement, including the proxy statement/prospectus contained therein, contains important information about the Business Combination and the other matters voted upon at the meeting of Black Spade's shareholders approving the Business Combination (and related matters). Black Spade also filed other documents regarding the transaction with the SEC. This document does not contain all the information that should be considered concerning the transaction and is not intended to form the basis of any investment decision or any other decision in respect of the transactions.
Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Black Spade through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Black Spade may be obtained free of charge from Black Spade's website at https://www.blackspadeacquisition.com/ or by written request to Black Spade at Black Spade Acquisition Co, Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central Hong Kong.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Participants in Solicitation Black Spade and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Black Spade's shareholders in connection with the transaction. Information about Black Spade's directors and executive officers and their ownership of Black Spade's securities is set forth in Black Spade's filings with the SEC, including Black Spade's Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 10, 2023, and the Registration Statement. Additional information regarding the interests of those persons and other persons who may be deemed participants in the transaction may be obtained by reading the proxy statement/prospectus regarding the transaction. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.
No Offer or Solicitation This document is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
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