TVS Motor Company readies itself to rule the virtual world of racing; Introduces the TVS Apache RR 310 in Gameloft’s Asphalt 8: Airborne, for racing enthusiasts

Singapore, Dec 16, 2022 – (ACN Newswire) – TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally, announced today its partnership with Gameloft for brands for Asphalt 8: Airborne featuring its flagship motorcycle, TVS Apache RR 310. It makes TVS Motor the first Indian two-wheeler manufacturer to bring a virtual racing experience of its motorcycle to Gameloft's Asphalt 8, one of the world's leading motor racing game. This integration marks TVS Apache's foray into the world of gaming, extending its commitment to deliver an unparalleled racing experience to its 4.8 million+ customers, online as well as offline. It is in line with the growing interest for gaming amidst the racing enthusiasts and target audience for TVS Apache, making this integration another medium for the company to engage with enthusiasts across the world even when they are off their motorcycles.

The TVS Apache series built out of TVS Racing, is based on the "Track to Road" philosophy. This philosophy manifests itself in each of TVS Apache motorcycles through the best-in-segment performance, technology and unique stye.

Commenting on the partnership, Vimal Sumbly, Head Business – Premium, TVS Motor Company, said, "TVS Motor Company is excited about its partnership with Gameloft for brands, as it brings TVS Apache RR 310 in the popular gaming franchise – Asphalt 8: Airborne. TVS Apache series has been instrumental in flourishing premium motorcycling culture and is a popular brand among motorcycle enthusiasts and the Gen-Z. We are sure that this collaboration with Gameloft will help in increasing the awareness for TVS Apache brand, targeting a new set of audience while engaging online with our customers. With initiatives like these, TVS Apache has become one of the fastest growing brands in its segment, and continues to demonstrate its focus on bringing innovative platforms to connect with the customers."

Speaking on the integration, Alexandre Tan, SVP Brand Partnerships & Advertising at Gameloft for brands, said, "TVS Motor is a great partner and we are excited that they are joining us for the first time in this new competition. With this new partner, we are thrilled to bring new innovative and exclusive in the game, creating a deeper connection with the TVS Motor brand and the Asphalt franchise community."

Key highlights:

– As part of this association, gamers across the world can now compete against each other on TVS Motor Company's flagship motorcycle – the TVS Apache RR 310
– With this new integration, the 4.8 million TVS Apache customers and owners worldwide will get an all-new platform to experience their favourite TVS Apache RR 310 virtually in an exciting setting
– TVS Motor is the first Indian two-wheeler manufacturer to bring its motorcycle to the popular gaming franchise
– Players will discover the new TVS Apache branded booster & billboards and the new TVS Apache World Series Season. In the process, they also stand a chance to win exciting prizes
– TVS Apache customers find keen interest in online gaming, and this association is set to bolster the brand's awareness and imagery in engaging newer audiences
– The TVS Apache RR 310 integration in Asphalt 8: Airborne can be experienced in Career, Player vs Player and Multiplayer modes

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 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 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 more information, please visit www.tvsmotor.com

About Gameloft for brands

Gameloft for brands offers leading advertising and gamification solutions to help brands better connect with their audiences. Through interactive content and immersive experiences supported by its extensive in-game media network, Gameloft for brands leverages its longstanding gaming expertise to engage people in meaningful ways with an unparalleled level of transparency and safety. Gameloft for brands has received the TAG Certification Against Fraud Seal and follows MOAT's standards. To date, Gameloft for brands has delivered more than 10,000 campaigns for prestigious brands such as Air France, Coca-Cola, Ferrero, Ford, FOX, Automobili Lamborghini, ING, Netflix, Procter & Gamble, Samsung and LEGO, in over 40 countries around the world (North America, Latin America, Middle East, Africa, Europe, Asia, etc.) and our work has been honoured with over 50 awards from marketing organizations.

For more information, please contact:
Namrata Sharma – Namrata.sharma@adfactorspr.com

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Ni Hsin Inks Strategic Collaboration with SIRIM

KUALA LUMPUR, Dec 15, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today signed a Strategic Collaboration with SIRIM Berhad to promote co-operation between the Parties in the following areas:

YBrs. Tuan Mohd Azanuddin bin Salleh, Senior Vice President, SIRIM Industrial Research, SIRIM Berhad; YBhg. Dato' Indera Dr. Ahmad Sabirin bin Arshad, FASc, President and Group Chief Executive Officer, SIRIM Berhad; Sofiyan Yahya, Chairman of Ni Hsin Group; Mr. Steven Khoo Chee Kong, Managing Director of NH EV TECH; Rizvi Abdul Halim, Executive Director of Ni Hsin EV Tech [L-R]

(a) setting up of a Lithium-Ion Battery Recycling Plant in Malaysia through Public-Private Partnership (PPP) funding model;
(b) providing an eco-system for a circular economy model in mitigating the impact on the environment as a result of Lithium-Ion Battery being processed illegally in Malaysia;
(c) potentially setting up a Lithium-Ion Battery manufacturing plant in Malaysia; and
(d) introducing a Lithium-Ion Battery Recycling policy working with the Government of Malaysia. (collectively the "Project")

Khoo Chee Kong, Managing Director of NH EV TECH, said: "This Strategic Collaboration with SIRIM is an extension of our quest for greater participation in the green economy. Having successfully launched our EV motorcycles last month we are looking forward to unlocking another piece of the environmental puzzle. As the world has grown to love and depend on the power and convenience brought by lithium-ion batteries (LIBs), their manufacturing and disposal have increasingly become subjects of political and environmental concerns. Most discarded LIBs eventually are landfilled or stockpiled, contaminating the land while wasting energy and non-renewable natural resources. If not recycled and reused, LIBs will exert massive environmental impacts and accelerate the depletion of mineral reserves. It's not only environmental pollution that is a problem. During the end-of-life stage of LIBs, poor handling and disposal could increase the risk of fire or poisoning. In the coming years, disposing of huge numbers of batteries from electric vehicles is going to be the real challenge. There is now a need for qualified e-waste recyclers that can handle and recycle LIBs safely and responsibly."

"The setting up of a Lithium-Ion Battery Recycling Plant is the right step in furthering Ni Hsin's green mission in support of the government's commitment towards a more sustainable, resilient and inclusive development in line with the United Nations' 2030 Sustainable Development Goal (SDG). The collaboration also aims to create an eco-system for a circular economy model in mitigating the impact on the environment and to spearhead the formation of a Lithium-Ion Battery Recycling policy working with the Government of Malaysia. The current LIB recycling market is estimated to be worth approximately $1.7 billion and is expected to increase significantly over the next ten years. In the ASEAN region there is only one such recycling facility in Singapore with a recycling capacity of 14 tonnes of Lithium-Ion batteries per day. Being one of the first movers in this region makes Ni Hsin more attractive to investors who are beginning to consider sustainability factors in their investment decision-making process."

"We are honoured to work with SIRIM in this green Project who, with their vast knowledge and innovative technical expertise, will be a valuable partner ensuring the success of this green project." SIRIM President and Group Chief Executive Officer, Dato' Indera Dr Ahmad Sabirin Arshad said, "Under the green technology master plan 2030 of Malaysia, several strategies were outlined to create a low-carbon and resource efficient economy, thus, in complementing this master plan, SIRIM will be embarking on various projects towards enhancing and promoting sustainability in line with the Sustainable Development Goals (SDGS)."

"SIRIM is ever ready to work with any parties who are keen to explore any form of recycling business where we can contribute in terms of the latest technologies towards building our local recycling capabilities for e-waste", said Dato' Indera Dr Ahmad Sabirin Arshad.

The SIRIM-Ni Hsin Lithium-Ion Battery Recycling Pilot Plant will be fully operational in 2023 with annual recycling capacity of 550 tonnes of lithium-ion batteries. For a start, the output will be sold to lithium-ion batteries manufacturers in the form of black mass. "Under this collaboration both companies will focus on the recovery of precious metals such as lithium and cobalt in 2024 and embark on lithium-ion battery manufacturing 2025, when the volume by processing more lithium-ion batteries from other nations" he added.

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SAMURAI 2K Aerosol: Achieving Its Digital Transformation Vision

SINGAPORE, Dec 5, 2022 – (ACN Newswire) – Listed on the Catalist Board of the Singapore Exchange, SAMURAI 2K Aerosol Limited (Stock Symbol: Y8E.SI) is a leading aerosol coating specialist focusing on high performance coating solutions for the automotive refinishing and refurbishing industry. Headquartered in Malaysia, its products are manufactured in the production facility in Johor, and distributed in countries including Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, United Kingdom, United States of America, Singapore, and India.

Transformation for the Future

Founder and CEO, Ong Yoke En's crystal clear vision for the transformation of the Group is beginning to take shape. The aim is to build a strong digital platform by integrating online and offline business to create an omni-channel experience for its customers. The Group will transform from a product-driven business model to a data-driven service-oriented business model.

On 10 October 2022, SAMURAI 2K was handed the keys to 4 units of 5-storey shophouses for its new corporate office in Johor, Malaysia. This is a total of 20 units of 1700 sq ft each and marks another milestone in SAMURAI's digital transformation focused on innovation through leveraging on AI and data analytics. Digital content creation and technical support staff strength is expected to grow to 150-200 in 3 years.

Operating expenses for the build-up of digital infrastructure is already reflected in 1HFY2023 ended 30 September Financial Statement available on SGXNet at https://links.sgx.com/1.0.0/corporate-announcements/K8EDQT0VA6E8IE01/abcc2506b2fcf5f3d0684b32052a6f39dc827ac20d143367b3336f75857910f0 The Financial Statement shows marketing and distribution expenses increasing by 206% from RM2.36 million in 1HFY2022 to RM7.23 million in 1HFY2023.

Said Samurai 2K spokesperson Leo Aun Foo, "Initially our ecommerce business will focus on the Malaysian and USA markets. Subsequently we will roll out plans for Europe, Australia, Japan, and South America. Each country will require a team of 5-10 staff to handle".

It is with the online multi-country platform that the Group will be able to reap economies of scale, accelerate brand building, provide consumers with multi-media experience, create customer loyalty, and optimize business and product development through powerful data analytics.

Pipeline of Innovations and Inventions

The Group is targeting to launch the first-ever color mix-and-match system ("Tintatek" technology) of aerosol spray paint, which allows users (especially automotive consumers) to custom fill their desired colors into the aerosol can without the use of a complicated tool or equipment. Using Tintatek's color data bank, millions of color combinations can be generated. Users can create original color for themselves or re-create and perfectly match the original factory paint color of the object to be painted. The introduction of Tintatek into DIY spray painting is a revolutionary and disruptive innovation in the aerosol paint industry.

At the same time, the Group is currently building a spray-painting service online platform which matches users with providers of at-your-doorstep spray-painting services. The wide range of colors, textures and special effects (mirror, crystal, metallic, luminous and many more) of SAMUARI 2K paints, the easy-to-use 2-head resin plus hardener, together with Tintatek and matching of users with providers brings DIY spray painting to a new level and a new era. More and more of those who need to spray paint their possessions will now be attracted to DIY spray-painting, bypassing the need to go to a workshop with all its attendant costs and convenience. Together with SAMURAI 2K's multi-media websites, which include education and demonstrations of spray painting designs and techniques, this is expected to exponentially increase the size of the market for the Group's products.

4-Year Financial Performance Track Record

Many companies have bold visions to transform themselves. But whether they can achieve it also depends on the strength of their financials. For that , we need to look at a Company's long-term track record. The Group's 4-year financial performance track record is encouraging and gives confidence that it will be able to realize its transformation for the Future. The financials portray a future-ready but financially prudent company always ensuring that it will be able to ride out any short-term turbulence in the economy.

Table 1 below measures several aspects of Samurai 2K's financials through four years including the period of Covid-19 impact on the regional economies. It is rather rare for a company to exhibit positive numbers on all aspects of its financials.

GROWTH: Revenue
PROFITABILITY: Net Profit, Gross Profit Margin, Net Profit Margin
INVESTMENT MERIT: Return on Equity
LEVERAGE: Net Debt/Equity, Interest Coverage
LIQUIDITY: Current Ratio

Table 1: Stability and Financial Strength. (Samurai 2K FY is 31 March)
https://www.acnnewswire.com/docs/Multimedia/SAMURAI_2K_Aerosol.jpg

Table 1 shows a company that is financially strong, with consistent performance. Gross and Net Profit margins are above average for a consumer product. Debt/Equity has always been Net Cash, Current Ratio has always been above 2, and judging from the Interest Coverage, in the case of Samurai 2K, investors need not worry about the current high interest rate environment.

Conclusion

Samurai 2K's vision is a bold one but its financial performance track record and tangible progress in pursuing its vision are encouraging signs that its transformation for the Future is achievable.

This article is reproduced for international public consumption by Waterbrooks Consultants the investor relations consultant for Samurai 2K Aerosol Limited.

For more information, please visit www.waterbrooks.com.sg

Original article link: https://www.investor-one.com/editorial/22275-SAMURAI-2K-AEROSOL-ACHIEVING-ITS-DIGITAL-TRANSFORMATION-VISION

SAMURAI 2K Aerosol Ltd [SGX: SAMR] [BBG: SAMUR] [RIC: Y8E.SI] http://samurai2kaerosol.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Startups rapidly emerging from Central Japan – local entrepreneurs explain why

Central Japan, Dec 2, 2022 – (ACN Newswire) – Central Japan, the region in which the new anime-themed park famous for its sci-fi fantasy machines and vehicles debuted earlier last month, is quickly becoming the homeland of startups paving the way towards the future of mobility. Earlier this week, the Japan External Trade Organization (JETRO), together with the Central Japan Startup Ecosystem Consortium, organized a tour to show the media how this lesser-known part of Japan, compared to Tokyo, Osaka or Kyoto, was rapidly giving birth to local entrepreneurs – as the result of education, collaboration, and homegrown determination. The century-old industry and network of suppliers in Aichi, Nagoya and Hamamatsu is also opening up to collaborate with startups from all corners of the world.

1. Education

Yukiko Konishi, vice director of the Startup Promotion Office at Nagoya University, or NU, explained how rival universities in the Central Japan region started to join forces to form the Tokai Network for Global Leading Innovation Platform (Tongali) in 2015. Today, 18 universities stand behind a vision to "cultivate human capital that creates and delivers value leading to the future and enriching people, society, and earth" through entrepreneurship education. In 2020, over 4000 high school students to scholars and graduates participated in Tongali's educational events and programs. As a Tongali co-founder and Startup consortium member, she noted NU was a staple in the outcome of this endeavor. 67 entrepreneurs (as of November 2022) who took flight from NU including Optimind, a Forbes 30 Under 30 Asia 2020, and Acompany, a Forbes 30 Under 30 Japan 2021.

Three NU startups shared their stories. Deep-tech startup Tier IV's chief strategy officer, Ko Miyoshi, explained their world's first open-source software for autonomous driving, which runs on multiple platforms and provides full-stack solutions for the commercialization of intelligent vehicles. Called Autoware, its the equivalent of "Intel inside" for autonomous driving, adopted by over 500 companies across the globe. Toyota's battery-electric shuttle buses and Robo Taxi also partner with TIER IV, while Taiwanese manufacturer Foxconn has agreed to a joint development project for autonomous personal cars with a precondition of Autoware in future EV platforms.

On the Delivery Robot front, we turned the spotlight on Dr. Jude Nwadiuto from Nigeria, a postdoctoral fellow at Nagoya University. Receiving a Ph.D. in autonomous driving and robotics from Nagoya University, the founder and CEO of Fainzy Technologies demonstrated how the warm and cute-looking Mira X and ZiBot models were more seriously gun-ho than meets the eye, going beyond just delivering the payload. Mira X's artificial intelligence (AI) can avoid getting stuck by predicting its path and detecting when food is taken, with a 3D Holographic fan for advertising quality. And ZiBot can make highly accurate decisions from AI-based demand forecast data collected through 360-degree environment sensing.

Another lab-born startup, PotStill's demonstration was a fine blend of technology and psychology. PotStill was established in August 2020 to develop a "driver agent that promotes the improvement of driving behavior", and elemental technology for reducing accidents of elderly drivers based on human interaction research. PotStill director Takahiro Tanaka Ph.D., a designated professor at the Institute of Innovation for Future Society at NU, took participants on a test drive with an adorable 8-inch-tall robot alerting for speeding or stop signs in a relatively narrow residential area.

2. Collaboration

The City of Nagoya's Innovation Department stressed Central Japan's startup ecosystem provides everything a startup needs. On top of the local government's generous support, the region has everything from startup hubs and venture finance to business matching sessions with highly trained workers in many specialized fields, such as mobility. Representatives from Aichi prefecture and Japan's largest incubation hub-to-be, STATION Ai, added that "the region invites entrepreneurs and capitalists from all corners to facilitate state-of-the-art open innovation by infusing new ideas with local craftsmanship." Participants witnessed a few examples:

Home-grown startup SkyDrive's Hiroyuki Murai, chief strategy officer, showed renderings of their new SD-05 two-seater flying car scheduled to fly at the 2025 World EXPO. His team comprises industry specialists from diverse backgrounds, including Bombardier and BAE Systems. But he also stressed that they would not have come this far without the partner ecosystem supporting them in mass production, flight control, charging facilities, parts procurement, leasing, and port architecture.

Koji Ishizuka, senior director of the Electrification Systems Business Group at DENSO, praised Urban Air Mobility (UAM) startups for accelerating technological advances, which would take far longer with larger established enterprises. Ishizuka described how their alliance with Honeywell led them to develop a propulsion solution for German air taxi startup Lilium's All-Electric Jet. DENSO and Honeywell have global project teams in Japan, the EU, and the United States, to expand their Electric Propulsion Unit supply for a growing UAM market demand.

In addition to the collaborative nature of the local business community, Dr. Yoshihiro Takiguchi, president of The Graduate School for the Creation of New Photonics Industries (GPI), described how the city's location, landscape, and climate, made it a microcosm of the nation. "The unique environment, combined with close ties between academia, industry, government, and finance, makes the region a perfect testing ground for startups, regardless of where they are headquartered," added Hamamatsu City officials.

3. Determination

Another recurring theme participants heard throughout the tour was "social purpose." Shunsuke Toya, CEO of ProDrone, explained how a flying mini-truck concept was the answer to their aspiration to solve societal challenges such as aging or inaccessible communities, maritime disasters, and terrorist attacks. Their belief led them to develop a variety of industrial drones specially designed for goods delivery, sea & air integration, long-range heavy-duty, and surveillance. Earlier this year, they partnered with a pharmacy chain to deliver medicines to remote areas of Japan. However, they are determined to go further with a macho-drone that can carry a payload of 50 kilograms over a distance of 50 kilometers.

eve autonomy, founded by Yamaha Motor and TIER IV, is an automated cargo transportation service for factories. Given the shrinking population in Japan, balancing human labor reduction and the safety of the plants is a pressing issue. Business development manager Iwakazu Nishikawa described how their award-winning products outperform conventional AGVs, which had difficulties operating between multiple buildings. Before the joint venture, AGVs, or Automated Guided Vehicles, could neither cope with congested traffic on-premise, maneuver irregularities such as ditches/manholes or slopes nor divert from a fixed guided route.

Director Haruyoshi Toyoda, Hamamatsu Photonics Central Research Laboratory, and his team demonstrated what the microscopic photonic sensing technologies embedded deep inside various daily products do. Autonomous driving would not be without the technology used in high-resolution Light Detection and Ranging (LiDAR). It is a remote sensing technology that measures distance by irradiating laser light on objects and catching the light reflected with a photosensor. Furthermore, the team said, "we are committed to continuously improving the performance of our lasers and sensors because it is a vital ingredient to achieve fully autonomous driving."

Participants also learned that the element of sound (or noise) was an unsung hero in driving safety. The operating officer of Yamaha Corporation, Electronic Devices Division, Nobukazu Toba explained how their longstanding expertise in acoustic research is being applied to Electric Vehicles (EVs) available today. EVs are silent. However, noise helps pedestrians know that a vehicle is approaching. Likewise, an accelerating sound helps drivers recognize speed. He also indicated that the company is in discussions with a Finnish startup to equip cars with warning sound signals (ie. bells and whistles in the driver's seat) coupled with vibrating features to discriminate from which direction the danger originates. "Acoustics and vibration have a lot in common."

Keiko Ihara, a Japanese race car driver, and first female driver to stand on the FIA World Endurance Championship (WEC) podium in 2014, founded Future Inc. two years ago to save her hometown's economy from deteriorating because of the pandemic. The series of carbon-neutral, maximum efficiency, lightweight e-bikes she designed takes many of its cues from racing cars. But her ultimate goal is to create a mobility-sharing service connected to a regional online portal of e-commerce, delivery, clinics, internet banking, and govt services. The grand vision of this new business model will not only revive local resorts and tourist spots, as she initially sought, but may even transform petrol stations into evolving community centers where people come together.

"The funds raised by startups in Japan are small compared to other parts of the world," noted Ihara in her talk. However, she cited Prime Minister Kishida positioning 2022 as the first year for actively fostering the founding of startups. "I believe clusters and pockets of communities all over Japan will start to connect to form an even bigger network of ecosystems. Because," she humbly added, "there is only so much you can do alone."

About the Central Japan Startup Ecosystem

There are 371 startups in Central Japan, of which 150 are university-launched. An estimated 18.615 billion yen (as of July 2022) of funds have been raised, in addition to accelerator programs, financial support systems, and innovative university seeds. Collaborative partnerships with Station F, INSEAD, BLOCK71, Paris&Co, Bpifrance, Venture Cafe, Plug and Play, Israel Innovation Authority, Tsinghua University, China Medical University, National University of Singapore, The University of Texas at Austin, Stanford University, North Carolina State University, University of Nebraska and the Indian Institute of Technology Hyderabad attract a diverse range of entrepreneurs to the region. For more information, please visit https://central-startup.jp/en.

Scheduled to open in 2024, STATION Ai will be a world-first, top-notch global innovation center. The center will provide a one-stop, one-loop link to world-class startup support programs through liaison with leading-edge startup support bodies and universities. Please visit https://www.aichi-startup.jp/english/support/.

About the Central Japan region

In July 2020, Aichi prefecture, the City of Nagoya, and Hamamatsu City of Shizuoka became one of the four regional Startup Ecosystem Global Base Cities groups designated nationwide by the cabinet office. The GDP of this region is 44,093.2 billion yen (as of 2019), mainly attributed to key industries such as Automotive, Aerospace, Machine Tools, Production Machinery, Iron and Steel, Musical Instruments, and Photonics/Electronics. The region's mission is to positively impact society by bringing the future of mobility to our doorsteps as soon as possible. The 6,731 km2 area is currently home to 8.29 million people, out of which over 300 thousand are foreign nationals – and will be a home-from-home for entrepreneurs and startups who share the same will and passion. In addition, various chill-out activities such as surfing, hiking, camping, paragliding, and ski/snowboarding are easily accessible. At the same time, seasonal marathon events and Formula One races are also hosted in adjacent cities. Furthermore, the American Chamber of Commerce, Tokai Japan Canada Society, Chubu Walkathon & International Charity Festival, and Nagoya Vegan Gourmet Festival are opportunities to meet like-minded locals.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Fully Charged Wuling Motors Sets Sail On Completion of the Restructuring of New Energy Business

HONG KONG, Dec 1, 2022 – (ACN Newswire) – It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.

After the restructuring, Wuling New Energy would integrate the resources from the group companies of Wuling Motors and focuses on R&D, manufacturing, and sales of new energy vehicles. According to public information, Wuling New Energy has a respectable performance in the domestic market. At present, it has the second-largest market share in the market segment of new energy logistics vehicles. The plug-in hybrid new model G200, for the commercial and multi-purpose segment market, is expected to be launched in early 2023. As regards the international market, Wuling New Energy also performs well. On 2 September 2022, Wuling New Energy delivered a pure electric logistics vehicle prototype to Japanese clients and successfully entered into agreement for mass production. The pure electric logistics vehicle is expected to commence mass production by the end of April 2023 with a target sale volume of 100,000 vehicles in five years.

Not long after Wuling New Energy appears in the public eye, good news continues to come out. It can be seen that the integration of prime assets and resources has given Wuling New Energy a solid operating foundation. Relevant resources revealed that Wuling New Energy products have already developed a product pipeline with a batch of products being launched or ready to be launched to the market, a batch of products under research and development, and a batch of products under the design and planning process. In essence, a spectrum plan of products has been initially constructed, which could allow Wuling New Energy to capture the tremendous future market potential under this promising environment for the new energy vehicle industry.

It is worth mentioning that, according to the Letter of Intent relating to the capital injection project to Wuling New Energy released in December 2021, Wuling Motors has intention to become the controlling shareholder of Wuling New Energy by further capital increaser based on its development. Given that Wuling Motors and Wuling New Energy are both subsidiaries of the Guangxi Automobile Group, the development would be sensible if further capital increase can bring long-term benefits to both parties. Overall, with the ample business opportunities provided by the new energy vehicle business, the close cooperation between Wuling Motors and Wuling New Energy in promoting business bestowed upon their own strengths and capabilities will be beneficial to the business operation and development of both. It can be expected that the better Wuling New Energy develops, the more opportunities and sustainable benefits Wuling Motors can enjoy.

Indeed, since Wuling Motors announced its restructuring plan in December 2021, it has attracted great attention from the market. According to the relevant news, a smooth kick start of the operation of Wuling New Energy would bring about favourable market responses, which in turn would benefit Wuling Motors from realizing its business strategic layout with promising growth potential. Furthermore, completion of the restructuring would also allow Wuling Motors Industrial Company Limited to transfer the related R&D expenditure on new energy vehicles to Wuling New Energy, from which the R&D costs would be substantially reduced and resources and energy could be more effectively deployed in developing more competitive core component products. At the same time, Wuling Motors Industrial, being a strategic key supplier to Wuling New Energy, together with its keeping of the export business will continue to serve as a solid and steady growth driver in contributing to the business performance of Wuling Motors.

Essentially, Wuling Motors has already actively expanded the new energy parts industry, including various types of new energy electric rear axles, motors, electronic controls, hybrid power systems, and other products. Sales volume of electric motors and electronic controls has just exceeded the volume of 10,000 units. Recently, Wuling Motors Industrial has also celebrated the milestone of the production of the one-millionth car-axle component for new-energy vehicle, impressively making it the first enterprise in China in reaching the 1,000,000 units of the miniature integral electric rear axle in less than three years period. In terms of hybrid-power systems, Wuling Motors has successfully developed its hybrid power system products for new energy vehicles, achieving a reduction in fuel consumption of more than or equal to 30% as compared with the same type of traditional fuel power vehicles. The high thermal efficiency Atkinson engine was first mass-produced in April this year, and shortly after the high-efficiency and cost-effective HEV hybrid powertrain was also mass-produced in June, which signified an important step in the transformation and upgrades from traditional fuel vehicle power to new energy vehicle hybrid power. It can be seen the profound R&D and innovation capabilities and strong production and manufacturing capabilities of Wuling Motors would undoubtedly enable it to become a key and well-deserved strategic supplier to Wuling New Energy.

The participation of Wuling Motors in the restructuring of Wuling New Energy has not only accelerated the strategic layout of the new energy vehicle field, but also allows Wuling Motors to be more focus on the research and development of automotive components for the new energy vehicles, which represents virtually a full coverage of the entire industry chain of new energy vehicles.

Wuling New Energy is now integrated with the prime assets and resources of the group companies of Wuling Motors for enhancing its strengths in the field of new energy vehicles, while the re-positioned Wuling Motors in the new energy business segment is also fully charged with power. The road ahead could be a new era of growth and development. On the back of the favourable government policies with huge market opportunities for grasping, we would wait and see whether Wuling Motors can be succeeded in beating the targets when turning this corner of the race track.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ni Hsin Group Unveils Two TAILG EBIXON EV Motorcycle Models

KUALA LUMPUR, Nov 22, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today unveiled two models of the TAILG EBIXON EV Motorcycles.

Managing Director of NH EV TECH, Khoo Chee Kong

Mr. Chee Kok Hee, Secretary General of Malaysia Motorcycle and Scooter Dealers Association; Mr. Lee Kun Feng, Vice President of Dongguan Tailing Motor Vehicle Co., Ltd; Yang Berbaqhagia Dato' Zailani Hj Hashim, Director General of Road Transport Department; Yang Berbahagia Dato' Seri Rosman Mohamed, Chairman of Ni Hsin Ev Tech Sdn. Bhd.; and Mr. Khoo Chee Kong, Managing Director of Ni Hsin Ev Tech Sdn. Bhd. [L-R]

The models, the TAILG EBIXON BOLD and TAILG EBIXON TORQ, in the personal and commercial use categories, respectively, are assembled at the Group's manufacturing facilities in Seri Kembangan, Selangor.

Khoo Chee Kong, Managing Director of NH EV TECH, said, "After more than two years of hard work, from the conceptualisation, R&D, experimentation, trial and error, and close collaboration with our formidable partner, Dongguan Tailing Motor Vehicle Co., Ltd, we finally achieved the milestone with the launching of our TAILG EBIXON EV Motorcycles – the Game Changer for Ni Hsin Group."

The Group started selling coffee from motorcycles in line with BLACKBIXON's concept of cafe@home cafe@office cafe@anywhere where the BLACKBIXON Coffee Bike can quickly deliver coffee ordered through e-commerce platforms.

Khoo explained, "The first motorcycle we experimented with was an internal combustion engine (ICE) motorcycle which was not efficient as it was burdensome and costly, and we wanted a vehicle that is environmentally friendly. After a series of trials and experiences, an electrical motorcycle that was clean and has zero tailpipe emission was successfully developed, as our BLACKBIXON Coffee Bike last year."

"We soon realised that there is a market for this purpose-built machine. The COVID-19 pandemic brought about a spike in e-commerce and hence the demand for delivery services. Motorcycles are a popular choice for its quicker delivery time and low maintenance. In light of global warming, EV motorcycles make perfect sense as they are energy efficient and cheaper to maintain."

"There are lots of opportunities for the use of EVs, with the government providing incentives in the form of tax reliefs for the assembly or manufacturing of EVs, component parts, and the development of EV ecosystems such as charging facilities. The government as well as government-linked companies (GLCs) are also expected to adopt the use of EVs. Also, the global electric scooter and motorcycle market is estimated to grow at a CAGR of 10.2% to US$93.9 billion by 2031 from US$35.3 billion in 2021."

"Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years covering the Asia Pacific region. We are deep in negotiations with several organisations, GLCs, government agencies and dealers to promote, market and distribute our EV motorcycles in the region. Our business model includes outright sale and rent-to-own modules to businesses as well as consumers."

The Group's venture into the manufacture and assembly of EV motorcycles underscores its commitment to social and environmental responsibilities while creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad's voluntary carbon market (Bursa VCM), to be opened by the end of 2022.

Ni Hsin's EV motorcycle business generates carbon offsets that can be sold to other companies to reduce their carbon footprint. The Bursa VCM will, besides providing transparency in the carbon credit market, boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.

In conjunction with the unveiling of the two TAILG EBIXON EV Motorcycle models, Ni Hsin will also sign Memorandum of Agreements with several esteemed and well-connected organisations, including MIMOS Berhad, Projek Lintasan Kota Holdings Sdn Bhd (PROLINTAS), HAI-O Enterprise Bhd and PT Winn Pratama Indonesia to assist in the marketing, promotion and distribution of these EV motorcycles.

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

eDriving Integrates Greater Than’s EcoScore Into Their Digital Driver Safety Application, Mentor, To Help Fleets Achieve Sustainability Targets

CAPE MAY, NJ and STOCKHOLM, SWEDEN, Nov 17, 2022 – (ACN Newswire) – eDriving(SM), a Solera company and leading global provider of digital driver risk management solutions, today announced a partnership with Greater Than (GREAT:ST), the global provider of technology that converts GPS data into powerful insights and driver scores. Through the collaboration, eDriving will integrate Greater Than's EcoScore into a new feature in its award-winning digital driver safety app Mentor(SM). The new feature, to be named EcoDrive powered by Greater Than, enables eDriving to further support its global clients in achieving their sustainability goals.

Revolutionising driver risk management for over 25 years, eDriving is the trusted partner of choice for many of the world's largest sales, service, and delivery fleets, supporting over 1.2 million drivers in 125 countries with award-winning digital driver risk management and safety solutions. eDriving's smartphone-based Mentor programme identifies and remediates drivers' risky habits behind the wheel with training, coaching, and gamification, achieving up to an 89% reduction in risky driver behaviour over 18 months.

The integration of Greater Than's EcoScore is a strategic step for eDriving to elevate the sustainability benefits of Mentor for their customers on a global scale by contributing to carbon footprint reductions of up to 20%. In addition, the EcoScore facilitates more accurate Environmental, Social and Governance (ESG) reporting with harmonised data on an organisation's CO2 emissions and savings.

"Our customers are keen to take ownership of their climate impact and help their drivers minimise their CO2 emissions as well as safely return home to their loved ones at the end of each workday. This exciting new partnership between eDriving and Greater Than will help to accelerate that goal," said Ed Dubens, CEO/Founder of eDriving. "Greater Than's EcoScore is yet another example of how eDriving's Mentor ecosystem brings together the best of the best into one world-class solution focused on driver risk management, safety and sustainability. FICO's Safe Driving Score, Sfara's Collision Detection, Bosch's Emergency Response Services, and now Greater Than's EcoScore continue to evolve and sustain Mentor's unique value proposition supporting the world's largest enterprise organisations."

Mentor's EcoDrive powered by Greater Than will incorporate Greater Than's unique pattern-AI technology which conducts real-time driving analysis to calculate CO2 emissions per individual driver. With a uniform measure of environmental impact, EcoDrive powered by Greater Than enables fair, transparent, unbiased evaluation of individual drivers' eco performance, regardless of vehicle type or global location. Drivers will be able to see carbon emissions reported in grams and percentages following each trip on their Mentor dashboard, making it the perfect sustainability analysis and reporting tool for organisations with mixed vehicle types.

"We are very excited that eDriving is introducing its new EcoDrive feature based on our EcoScore to its Mentor customers. Our partnership is another proof of the scope of use for our DriverDNA AI analysis. With EcoScore integrated into the Mentor app, eDriving customers will have greater control over their environmental impact and the necessary insights to reduce them, as well as valuable data of absolute CO2 emissions to facilitate comprehensive sustainability reporting, which looks set to be mandatory for many companies in coming years," said Liselott Johansson, CEO, Greater Than.

EcoDrive powered by Greater Than will be available in eDriving's flagship Mentor business solutions, as well as Mentor Defender, eDriving's newest app for individuals and family members, distributed through insurers, auto safety membership organisations and driving schools.

Press contact, eDriving:
Sheila Leverone, Chief Marketing Officer
press@edriving.com

Press contact, Greater Than:
Eva Voors, Chief Communications Officer
eva.voors@greaterthan.eu
+46 708 884 880

About Solera

Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a "one-stop shop" solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com.

About eDriving

eDriving, a Solera company, helps organisations around the world improve safety, reduce injuries, licence violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programmes. These include the Mentor by eDriving(SM) smartphone app with FICO(R) Safe Driving Score; the patented, five-stage Crash-Free Culture(R) risk reduction programme; and the Virtual Risk Manager(R) platform, all designed to work together within a privacy-first, data-secure environment that supports drivers and their managers every step of the way. eDriving is the digital driver risk management partner of choice for many of the world's largest organisations, supporting over 1,200,000 drivers in 125 countries. Over the past 25 years, eDriving's research-validated programmes have been recognised with over 120 awards around the world. For more information, visit www.edriving.com.

About Greater Than

Greater Than is an AI data analytics company that predicts crash probability and CO2 impact per driver in real-time, revolutionising auto insurance pricing and new business solutions for the automotive, new mobility and fleet industries.

Our AI has experienced the equivalent of 855,000 man-years of real driving and has to date discovered over 7 billion unique driver DNAs: learning that makes it the most experienced AI driver in the world.

Greater Than is appointed as an InsurTech100 company and AIFinTech100 company and has been named Provider of AI Automotive Product of the year, 2021. Greater Than (GREAT) is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company's Certified Adviser. Learn more at www.greaterthan.eu.

EcoDrive Product Sheet https://www.edriving.com/wp-content/uploads/2022/11/EcoDrive-product-sheet.pdf

SOURCE: eDriving

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ev Dynamics Signs Largest Ever Supply Agreement with Bimbo for Electric Delivery Vehicles

HONG KONG, Nov 7, 2022 – (ACN Newswire) – Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a leading developer and manufacturer of new energy vehicles (NEVs), has signed a definitive agreement to supply electric last-mile delivery vehicles to the world's largest bakery company Grupo Bimbo, S.A.B. de C.V. ("Bimbo").

The first 10 testing units delivered in the first quarter this year match all requirements of Bimbo in meeting daily last mile delivery needs.

With Ev Dynamics chassis fitted with its rear body, the delivery vehicle of Bimbo, the world's largest bakery company, has the private label "VEKSTAR Electric Vehicles" boldly displayed on the exterior.

The contract has been signed for a period of five years, with the first batch of 200 vehicles expected to be shipped to Bimbo's Mexico City distribution center in the first quarter of 2023, and subsequent quantities to be determined by separate purchase orders. In total, no fewer than 1,000 vehicles are expected to be delivered under this master contract, making it the largest order in the Group's history.

The vehicles will have an e-platform chassis that houses the drivetrain, battery and vehicle control unit, and the cab to be fitted with Bimbo's existing delivery vehicle rear body. They will serve Bimbo's distribution channels in the Mexico City metropolitan area as well as the central and southern regions of Mexico.

Miguel Valldecabres Polop, CEO of Ev Dynamics, said: "We are proud to support Bimbo's strong and long-standing commitment to environmentally friendly solutions. This new major global supply agreement from a leading multinational corporation is solid proof of the endorsement our B2B new energy vehicle solutions enjoy. With them, our customers can significantly reduce development costs and hasten regulatory approvals typically required for new vehicle designs, hence be able to quickly deploy electric vehicles."

With the first 10 testing units delivered in the first quarter this year found meeting Bimbo's daily last mile delivery needs, the Group is now focusing on mass production to warrant the status as one of the main electric van platform suppliers of Bimbo.

The new Ev Dynamics electric vehicles give a welcomed brace to Bimbo, which recently announced its commitment to achieving net zero carbon emissions by 2050, and its plan to add 4,000 NEVs to its fleet next year. Bimbo currently operates the largest fleet of electric distribution vehicles in Mexico and one of the largest distribution networks in the world. It has more than 3.3 million points of sale in 33 countries, and over 138,000 associates servicing more than 55,000 delivery routes.

Miguel Valldecabres Polop continued: "There is a huge demand for electric vehicle customization solutions in Latin America, Asia, and Europe. Proven capable of offering high-tech, sustainable and innovative electric vehicle solutions, we are optimistic about achieving fruitful results as we speed up promoting business and sales, capitalizing on our distinctive presence in the international electric vehicle segment."

About Ev Dynamics (Holdings) Limited (Stock Code: 476)
Ev Dynamics (Holdings) Limited is a pioneer and an emerging prominent player in the world's new energy commercial vehicles market. It is a component and whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It provides integrated driving and logistics solutions backed by its solid technological foundation in areas including new energy platform power systems and key components. Its NEV R&D center is in Shenzhen and manufacturing base is in Wulong, Chongqing, China, and has a sales network covering Mainland China, Hong Kong, Asia Pacific and South America. To learn more, go to evdynamics.com.

About Grupo Bimbo, S.A.B. de C.V.
Grupo Bimbo, S.A.B. de C.V. is the leader and largest baking company in the world and a relevant participant in snacks. It has 203 bakeries and other plants and more than 1,600 sales centers strategically located in 33 countries in the Americas, Europe, Asia and Africa. Its main product lines include sliced bread, buns & rolls, pastries, cakes, cookies, toast bread, English muffins, bagels, tortillas & flat breads, salty snacks and confectionery products, among others.

Bimbo produces over 10,000 products and has one of the largest direct distribution networks in the world, with more than 3.3 million points of sale, more than 55,000 routes and over 138,000 associates servicing those routes. Its shares are traded on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and in the United States over-the-counter market with a Level 1 ADR under the ticker symbol BMBOY. To learn more, visit grupobimbo.com.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ni Hsin Obtains VTA Approval for Electric Vehicle Bikes

KUALA LUMPUR, Oct 25, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215), today received the Vehicle Type Approvals (VTA) from Jabatan Pengangkutan Jalan Malaysia under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bikes (EBIXON EV Bikes) in the personal and commercial categories namely, the TAILG BOLD and TAILG TORQ respectively.

Khoo Chee Kong, Managing Director of NH EV TECH

NH EV TECH had on 23 March 2022 entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of EV Bikes or EV Motorcycles as commonly known in Malaysia.

Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.

TAILG, established in China in 2004, specializes in R&D, manufacturing, sales and service of new energy electric vehicles. Its products cover electric bike, electric scooter, electric special bike, electric tricycle and other vehicles. TAILG, which ranks top 3 in China, is recognised as a "Partner of UN Environment E-mobility Programme" and has 7,000 exclusive shops all around the world. TAILG also set the Guinness World Records for the greatest distance by electric scooter, single charge in October of 2020.

The International Trade and Industry Ministry (MITI) had, on 17 March 2022, issued the Manufacturing Licence to NH EV TECH to act as Licenced Manufacturer to carry out 'Manufacture and Assembly of Electric Vehicle Bike' activity at 47, Jalan Taming Dua, Taman Taming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan as from 29 October 2021 in pursuance of the Industrial Co-ordination Act 1975 (ACT 156).

Khoo Chee Kong, Managing Director of NH EV TECH, said: "With the VTA approvals, NH EV TECH will commence Completely Knocked Down (CKD) assembly of its EBIXON EV Bikes in NOVEMBER 2022 and thereafter we will launch the EBIXON EV Bikes in the Malaysian market."

"The venture into the e-mobility business is in line with the Group's commitment on ESG. The Ni Hsin EV Bikes are the first fully adapted EV Bikes for the domestic personal and commercial market and will create a new standard in clean transport across the country and beyond."

"The focus of the new design is to deliver class-leading carrying capacity, range and top speed in order to encourage mass adoption of zero-emission transport across Malaysia, all while simultaneously avoiding the need for additional infrastructure."

"This is an EV bike tailored for different commercial use-cases such as carrying passengers or cargo with safety at the forefront. It is truly a testament to our commitment to offering world-class EV technology in the ASEAN region."

"Our EBIXON EV Bike models feature a dual swappable battery system offering a combined range of up to 200 km (112 mi). The batteries can be plugged into a home outlet to charge or be swapped at designated battery stations. Additionally, the battery power can be replenished at a public charger."

"Through extensive research and development initiatives in collaboration with TAILG, EBIXON EV Bikes are designed and developed to reach "near cost parity" with internal combustion engine (ICE) motorcycles in the Malaysian market, but at a running cost that's up to 70% lower. EBIXON EV Bikes are designed to suit the Malaysian and regional climate, road conditions and ridership styles while ensuring quality, performance, comfort, handling efficiency and lastly, affordability."

"NH EV TECH is currently working with large commercial motorcycle distribution channels and battery swapping station owners across Malaysia and ASEAN, including financiers for its customers and large commercial fleets," Khoo added.

"We are targeting to sell 50,000 units of EBIXON EV Bikes in Malaysia and ASEAN in the next three years. Demand for EV Bikes in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region's e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data. We will work with local partners in the various countries for the assembly and distribution of EBIXON EV Bikes."

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Key Industry Players to Discuss IoT, Automotive, Wireless, and Supply Chain Trends and Opportunities at EAC 2022

TAIPEI, TAIWAN, Oct 17, 2022 – (ACN Newswire) – Recent economic and geopolitical developments, on top of the supply chain shortages and tight inventories in some markets, have driven market watchers to reduce their forecast growth for the semiconductor industry this year. Gartner Inc., for one, reduced its earlier forecast of 13.6% global semiconductor revenue growth this year to just 7.4%.

The market research firm, however, noted that this down cycle is not new and has happened many times before. Despite the softness in the consumer market, demand remains resilient in the data center sector due to the continued investment in cloud infrastructure, while the automotive electronics sector is expected to see double-digit growth amid the increasing IC content per vehicle due to the transition to electric and autonomous cars.

Overall, the outlook remains bright for the semiconductor industry. According to industry association SEMI, global semiconductor equipment billings rose by 7% quarter-on-quarter in the second quarter this year, and by 6% year-over-year to $26.43 billion. Taiwan, China, and South Korea led the rest of the world in terms of quarterly billings.

Semiconductor companies worldwide are expected to expand their 300mm fab capacity at nearly 10% compound average growth rate from 2022 to 2025, SEMI said in its 300mm Fab Outlook to 2025 report. Mainly driving this growth is strong demand for automotive semiconductors and new government funding and incentive programs in multiple regions.

Highlighting such trends and innovations, the inaugural Electronics Asia Conference (EAC) 2022, scheduled for October 18–20, 2022, will feature some of the leading semiconductor companies discussing new applications and markets driving the technology developments in the semiconductor industry.

Organized by AspenCore, the publisher of EETimes Asia, EETimes India, and EDN Asia, the three-day event will feature a virtual conference and exhibition, and will focus on the latest trends and opportunities on the Internet of Things (IoT), automotive electronics, wireless technologies, and the supply chain.

The full roster of companies presenting at the virtual conference include:

Arm
Arrow Electronics (NYSE: ARW)
Bluetooth SIG Inc.
Cadence Design Systems Inc. (NASDAQ: CDNS)
Chip 1 Exchange
Diodes Inc. (NASDAQ: DIOD)
Efinix Inc.
Fair Friend Group (FFG)
Infineon Technologies Asia Pacific Pte Ltd
Molex
MosChip Technologies (BOM: 532407)
Mouser Electronics
Nordic Semiconductor (NOD.OL)
NXP Semiconductors (NASDAQ: NXPI)
Renesas Electronics Corp.
Rohde & Schwarz
Silicon Laboratories Inc. (NASDAQ: SLAB)
SMITH
STMicroelectronics (EPA: STM) (NYSE: STM)
Texas Instruments Inc. (NASDAQ: TXN)

For more information and to register, visit https://ve.eetasia.com/EAC2022.

About AspenCore

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.

For more information, visit https://aspencore.com.

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