Auto & Transportation
INA, ESR, and Mitsubishi Corporation Join Forces to Unlock the Potential of Indonesia's Modern Warehouse Investment Opportunities
* The venture is investing in three strategically located modern logistics parks developed and managed by ESR. JAKARTA, Indonesia, May 29, 2023 /PRNewswire/ -- Indonesia Investment Authority (INA), ESR Group, and MC Urban Development Indonesia (MCUDI), a 100% subsidiary of Mitsubishi Corporati...
TCIEXPRESS announces highest-ever revenue in Q4 FY23
* Q4 revenue of Rs. 326 crores, up 3.8% from last quarter * FY23 full-year revenue of Rs.1,241 crores, up 15% from a year ago * Recommended dividend of Rs. 2 per share in Q4 FY23 and Rs. 8 per share for FY23, representing a payout of 400% on face value GURUGRAM, India, May 27, 2023 /PRNewsw...
Introducing the World's First Battery Tanker 'X': The Inaugural Ship of Power Ark 100. On Track for Completion by 2025, with Field Testing Set to Commence in 2026
TOKYO, May 27, 2023 /PRNewswire/ -- Japanese battery startup, PowerX, Inc. has unveiled the detailed design of the first-ever 'Battery Tanker' at the 'Bariship' International Maritime Exhibition held in Imabari City, Ehime Prefecture,Japan. The inaugural ship "X" aims for completion by 2025, with...
New Energy Electric Vehicles in Gangbei District of Guigang City Enters the ASEAN "Blue Ocean" Market
GUIGANG, China, May 27, 2023 /PRNewswire/ -- Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONALINDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles inJakarta, Indonesia. Crystal Huang, CEO of PT. DFU INTERNA...
MingZhu Logistics Enters Share Purchase Agreement to Acquire Alliance Liquor
SHENZHEN, China, May 26, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a Share Purchase Agreement (the "SPA") to acquire 100% equity...
CLPS Incorporation Announces Developing New Smart Cockpit Product to Drive Intelligent Transformation in the Automotive Industry
HONG KONG, May 26, 2023 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. ("JAJI"), has commenced the development of a new smart cockpit product designed to enhance the driving safety of intel...
DFI Launches New Smart Transportation Solutions at Computex 2023
TAIPEI, May 26, 2023 /PRNewswire/ -- DFI, the global leader in embedded motherboards and industrial computers, has been committed to developing the Internet of Things, Internet of Vehicles, and AI edge computing products in recent years. DFI will showcase their smart transportation embedded solut...
Trip.com Group signs MOU with Cambodia Angkor Air on smart airport construction
SINGAPORE, May 26, 2023 /PRNewswire/ -- Leading global travel service provider Trip.com Group and Cambodia Angkor Air have signed a strategic cooperation memorandum of understanding (MOU) onMay 24th, aiming to promote the construction of a smart airport, tourism talent training program, and furth...
LG Energy Solution and Hyundai Motor Group to Establish Battery Cell Manufacturing Joint Venture in the U.S.
* The new battery cell JV will be located in Bryan County, Savannah, Georgia where Hyundai Motor Group Metaplant America is currently being built * Total investment amount of over USD 4.3 billion; LGES and HMG to take a 50 percent stake respectively * JV's battery production aimed to start a...
XCMG's 5th International Customer Festival Showcases the Latest Excavator Product Lineup
XUZHOU, China, May 26, 2023 /PRNewswire/ -- On May 16, 2023, XCMG (SHE: 000425), the world's top three construction machinery manufacturers, inaugurated its 5th International Customer Festival with a captivating opening ceremony held at its production facility for excavating machines. The event ...
CARAVELLE INTERNATIONAL GROUP SIGNS $25 MILLION SUPPLY AGREEMENT TO DELIVER 50,000 CUBIC METERS OF WOOD TO SOUTH AFRICA
SINGAPORE, May 25, 2023 /PR Newswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced it has signed a supply agreement with South African company Best Polystyrene. Over the next two years, Caravelle will supply 50,000 cubic meters of wood from i...
Dronamics Cargo Drone Takes First Flight, Paving the Way for the Future of Deliveries
LONDON and SOFIA, Bulgaria, May 25, 2023 /PRNewswire/ -- Dronamics, the world's first cargo drone airline, announced today the successful completion of the first flight of its flagship aircraft, the Black Swan, at Balchik airport in Bulgaria; demonstrating the potential for the logistics industry ...
Hyundai Mobis Develops Groundbreaking Headlamps that Prevent Nighttime Accidents
* Displays real-time driving information on the road for drivers, and guides pedestrians to cross roads safely with a virtual crosswalk. * The system integrates with the camera sensor and GPS navigation to show various information and help drivers drive safely at night. * HD Lighting syste...
DAHON boosts its e-Mobility program with Mopeds and Motorcycles
Leading folding bike brand DAHON unveils a new range of motorcycle and Moped models OLNEY, Ill., May 25, 2023 /PRNewswire/ -- DAHON, the global leader of folding bikes with more than 40 years in the industry, plans to extend its product range into a new category of motorcycles and Mopeds. Follow...
ForwardX Robotics Releases Lynx AMR for the Automotive Industry at AUTOMATE 2023
DETROIT, May 25, 2023 /PRNewswire/ -- ForwardX Robotics, a global autonomous mobile robot (AMR) and warehouse and manufacturing solutions provider, introduces its latest AMR: Lynx. Lynx is making its North American debut at AUTOMATE 2023 inDetroit where attendees will be among the first to get ha...
Sungrow Inaugurates Its Global Sales & Marketing Center in Shanghai
SHANGHAI, May 25, 2023 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system supplier, inaugurated its Global Sales & Marketing Center inShanghai, China. The opening ceremony, held on May 23rd, embraced the theme of Openness, Connection, and Collaboration. Distinguished g...
DDPAI Launches its First M5S Car Stereo: Embarking on an Unparalleled Smart Cabin Experience
SHENZHEN, China, May 25, 2023 /PRNewswire/ -- DDPAI, a technology company with a decade-long dedication to the smart mobility industry, proudly introduces its groundbreaking product to the global market: the M5S car stereo. This innovative device combines entertainment, intelligence, and connecti...
Catalent Adds New Cryogenic Capabilities at Shiga, Japan, Facility to Support Clinical Supply Demand for Cell and Gene Therapy Development
SOMERSET, N.J., May 25, 2023 /PRNewswire/ -- Catalent (NYSE:CTLT), the leader in enabling the development and supply of better treatments for patients worldwide, today announced that it has expanded the services and capabilities at its facility in Shiga,Japan, to include the storage, kitting, and...
Greenland Technologies Announces Share Purchase by Chief Executive Officer, Raymond Wang
EAST WINDSOR, N.J., May 24, 2023 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland Technologies" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, to...
Ministry of Transport and Logistics Services: KSA Logistics sector market size to grow to 57.4 billion SAR by 2030
RIYADH, Saudi Arabia, May 24, 2023 /PRNewswire/ -- In line with the Vision 2030 objective of transforming the Kingdom into a leading industrial powerhouse and global logistics hub, the Ministry of Transport & Logistics Services (MOTLS) has laid out an ambitious strategy that aims to develop the K...
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