ComfortDelGro Corporation Limited (SGX:C52) (“ComfortDelGro” or, “The Group”) today, unveiled its refreshed corporate brand, comprising a new purpose statement and modern visual identity that signifies a step forward in the company’s evolution into a global multi-modal transport leader.
The Group has made significant strides in growing its international business, winning bus and rail tenders in Europe and Australia, as well as building leading positions for its point-to-point mobility businesses in key markets. With a presence in 13 countries, 24,500 employees, an operating fleet of over 54,000 vehicles and a rail network of 343 kilometres in operation and under mobilisation, ComfortDelGro is one of the largest land transport companies in the world.
ComfortDelGro Managing Director/Group CEO Cheng Siak Kian said, “Our purpose statement – Mobility for a better future, drives us to reimagine mobility as a catalyst for positive impact as we accelerate our growth and navigate new horizons. It reflects our commitment to addressing the changing needs of our stakeholders as a global multi-modal transport leader. At the same time, it aligns the Group’s diverse operations and workforce under the common goal of building a purpose-driven and values-led organisation.”
ComfortDelGro Chairman Mark Greaves added, “The transport landscape is evolving, and so is ComfortDelGro. We are committed to sustainable mobility, powered by innovation and driven by collaboration. This brand refresh underpins our journey forward as a global, progressive, and collaborative mobility company while building on the strong foundation of our businesses and our rich heritage. Our purpose ‘Mobility for a better future’ will guide us as we continue to create long-term value for our stakeholders, shape the future of transportation, and contribute to a more sustainable and connected world.”
Driven by our new purpose: Mobility for a better future
A modern identity
Complementing our purpose statement is an updated ComfortDelGro logo that symbolises the company’s journey forward and its commitment to delivering innovative, world-class mobility solutions.
Key elements include:
A refined blue hue, representing reliability, trust, and customer confidence.
A streamlined lowercase font, conveying approachability and collaboration.
An enhanced arrow motif, reinforcing the company’s forward-thinking and dynamic approach.
The updated brand and corporate identity will be gradually implemented in stages across the Group’s global operations.
ComfortDelGro is a leading multi-modal transport operator offering a comprehensive suite of transportation solutions. Our extensive network spans public transport including buses and rail, point-to-point transport with taxis and private hire cars as well as business-to-business mobility solutions. Every day, millions rely on our services across 13 countries including; Singapore, Australia, the United Kingdom, New Zealand, China, Ireland, Sweden, France, Malaysia, Spain, Portugal, Greece, and the Netherlands.
As a global operator, we play an important role in steering the transition towards a low-carbon economy. With about 60% of our owned fleet consisting of cleaner energy vehicles, we support governments and cities in enabling inclusive and sustainable transport systems. For our efforts, ComfortDelGro has been included in the Dow Jones Best-in-Class Indices since 2019, the only Singaporean transport company in the index.
CALB Group Co., Ltd. (CALB or the Company, stock code: 3931.HK) published a positive profit announcement. The Company is expected to record a net profit ranging from approximately RMB786 million to RMB874 million for the year ended 31 December 2024, representing an increase ranging from approximately 80% to 100% as compared to the net profit of RMB437 million for the same period last year. The expected growth is primarily attributable to the following factors: Firstly, the Company broadened its operations and achieved sustained business growth, which significantly improved its economies of scale; secondly, the Company, leveraging its advanced technology and robust product capabilities, continually improved its product performance and consistently lowered costs, therefore resulting in a year-on-year increase in profits during 2024.
CALB stated that, as one of the fastest-growing international new energy enterprises, the Company adheres to a dual-drive strategy focusing on power and energy storage, actively promotes global expansion, accelerates the construction of its global infrastructure, and improves its production, sales, and service networks to provide strong support for global delivery. With a series of world-first and innovative technologies and products, the Company has achieved exponential growth. Its products have been exported to more than 40 countries and regions worldwide, and established a good relationship with the world’s leading enterprises. The realization of scale effects from business growth is one of the primary reasons for the company’s significant revenue increase.
Furthermore, as a battery expert, CALB has been adhering to the philosophy of technological innovation, maintaining its leading position in both product and technology. The Company continues to increase its R&D investments, which not only reduces costs but also enables the launch of more high-performance and high-safety battery products. With the further expansion of global demand for power and energy storage markets, the Company is committed to developing products that are better suited to various application scenarios, in order to satisfy the ever-changing customer needs. CALB is expected to achieve sustained profit growth, thereby better rewarding investors and shareholders.
About CALB CALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.
Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities.
CALB Group Co., Ltd.(CALB or the Company, stock code: 3931.HK) announced that it has been included in the Hang Seng Composite Index as of February 21, 2025, with effect from March 10, 2025.
The Hang Seng Composite Index is a benchmark index for the Hong Kong stock market, representing the largest and most liquid companies in the market. CALB’s inclusion in the index means the Company has met the criteria for inclusion in the Hong Kong Stock Connect trading program. This cross-border trading mechanism between mainland China and Hong Kong promotes the opening and cooperation of the two capital markets, offering global investors more opportunities. As a frontrunner in the battery industry, CALB’s inclusion will attract more investors from both mainland China and overseas, enhancing stock liquidity and potentially diversifying its shareholder base.
As a leading international new energy technology enterprise, CALB is committed to driving energy transformation and technological innovation, with the mission of “achieving greatness through win-win cooperation, and benefiting mankind for a better world.” Leveraging its strong technological R&D capabilities and innovative potential, the Company focuses on multiple applications related to E-transformation, including electric vehicles (EVs) and energy storage systems (ESS). In 2024, CALB’s installed capacity of EV batteries firmly ranked the second place among the third-party EV battery enterprises in China and third globally. In the energy storage market, the Company, in collaboration with Sungrow, secured the world’s largest energy storage battery order in 2024, earning high recognition from strategic customers for its products and delivery capabilities. In the marine market, the Company partnered with several well-known enterprises to promote the operation of the world’s first-of-its-kind 10,000-ton pure electric container ship. CALB continues to innovate, supporting the “carbon peaking and carbon neutrality” goals, and actively explores battery recycling and reuse to foster the development of the circular economy. The Company strives to establish a battery full life cycle management system in the new energy industry, meeting the growing market demand for sustainable and environmentally friendly solutions.
CALB stated that inclusion in the Hang Seng Composite Index will open more capital market opportunities, facilitate its inclusion in the Hong Kong Stock Connect program, accelerate its internationalization, expand global influence, and enhance long-term shareholder value. This milestone not only supports the Company’s growth but also provides additional capital to drive breakthroughs in the global new energy market.
About CALB CALB is a new energy enterprise specializing in the research, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products and lithium battery materials. As Battery Expert, we aim to build a comprehensive energy operation system, to provide complete product solutions and full life-cycle management for the new energy application market, represented by power and energy storage.
Currently, CALB has completed an all-round layout in domestic by setting up industrial bases in Changzhou, Xiamen, Wuhan, Chengdu, Hefei, Jiangmen and Meishan. Meanwhile, CALB has set up bases in Europe and ASEAN, vigorously expanding the layout all over the world to become a global leading enterprise with large-scale intelligent manufacturing capabilities.
EVCharge Live Thailand 2025 is set to take place on 26-27 February 2025 at Hall EH 98, BITEC, Bangkok. The event, which is co-located with Solar & Storage Live and The Roads and Traffic Expo Thailand, will provide attendees with access to three major industry events under one pass, covering advancements in EV technology, road infrastructure, and energy solutions.
The event will showcase an impressive lineup of sponsors and exhibitors, including global leaders BOSCH, Infineon, and HERE Technologies, who are driving innovation in the EV ecosystem. A key highlight is the participation of EVALL, which is bringing 10 Korean companies showcasing cutting-edge solutions in various aspects of EV charging, from advanced batteries to intelligent software for charging points. Other international exhibitors include renowned names like Autel, Shenzhen Musk Industrial, and EOSVolt, all of whom are set to unveil groundbreaking technologies and products. In addition, the exhibition will feature electric vans and Thailand’s iconic electric tuk-tuks, offering attendees a hands-on look at how electrification is transforming mobility across sectors.
The EVCharge Live 2025 Conference will feature a distinguished lineup of speakers, including prominent government officials and industry experts. Highlights include: Pornprom Vikitsreth, Chief Sustainability Officer and Advisor to the Governor of Bangkok, Bangkok Metropolitan Administration, as the Guest of Honor. Dr. Piyapong Jiwattanakulpaisarn, Inspector General, Ministry of Transport, who will share insights into policy advancements shaping Thailand’s transportation future. Dr. Supakorn Siddhichai, Group Executive Vice President of the Digital Economy Promotion Agency (depa), with an expert perspective on the intersection of intelligent transport systems and sustainability. Tanita Sirisup, Acting Senior Executive Investment Advisor and Executive Director of the Foreign Investment Marketing Division, Board of Investment, to discuss investment opportunities in Thailand’s thriving EV sector.
Speakers will explore key topics such as sustainable transportation, EV infrastructure development, and Thailand’s leadership in advancing the electrification of fleets. Attendees will gain exclusive insights and strategies for navigating the dynamic EV landscape.
The event is expected to attract EV manufacturers, infrastructure providers, policymakers, and investors, offering a platform for industry collaboration and business expansion. Attendees will have access to networking sessions, product demonstrations, and conference discussions designed to foster partnerships and accelerate market growth.
Conference dates and opening hours – 26 February 2025: 0900 – 1700 27 February 2025: 0855 – 1700
Exhibition dates and opening hours – 26 February 2025: 0830 – 1730 27 February 2025: 0830 – 1730
Venue: Hall EH98, BITEC, Bangkok, Thailand
About Terrapinn
Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something
On November 20, NaaS Technology Inc. (NASDAQ: NAAS), the first U.S.-listed EV charging service company in China, released its Q3 2024 earnings report, showcasing an impressive performance.
According to the announcement, the company’s core strategy—its charging service business—has shown strong growth, contributing RMB 42.37 million in revenue, a 36% year-over-year increase, accounting for 95% of total revenue. This highlights the success of the company’s strategic focus, which also resulted in a significant increase in gross profit margin. In Q3 2024, the gross profit margin reached a record-high 57%, up from 38% in the previous quarter. Notably, the company achieved a critical milestone this quarter by recording its first-ever positive net profit. Non-IFRS net profit attributable to ordinary shareholders was RMB 21.2 million (US$ 3.0 million) for the third quarter, signaling a successful transition to the “high-quality development” phase, focusing on profitability and marking a significant improvement in the company’s earning capabilities.
Strategic Focus on Charging Services, Strengthening the Role as an Industry Connector
NaaS’s strong profitability this quarter is closely tied to its strategic decision to focus on its charging services business, which is a platform business in nature.
As a leader in third-party electric vehicle (EV) charging services, NaaS does not directly operate charging stations. Instead, it leverages its robust connectivity, operational, and intelligent digital capabilities to act as an “industry connector.” Positioned as a platform linking supply and demand in the EV charging industry, NaaS avoids the low-profit, high-capital-intensive energy solutions segment and emphasizes the distinct platform characteristics of its charging service business.
NaaS’s charging service business is supported by its strategic partnership with the Kuaidian APP, which serves as a traffic portal to provide interconnection services for various charging operators. The partnership expands NaaS’s user outreach while also improving EV charging stations’ utilization and operational efficiency, by drawing to them more customer traffic . For EV owners, the service enables quick searches for nearby charging stations, including real-time status updates, improving charging efficiency and optimizing the user experience.
NaaS’s platform-driven charging services integrate various industry participants, enhance ecosystem construction on both the supply and demand sides, improve industry efficiency, and align the charging sector with the rapid growth of China’s EV industry.
This platform business requires substantial early-stage investment, including subsidies, to cultivate market habits and expand network coverage. With the rapidly evolving EV sector, characterized by technological innovation and shifting market dynamics, initial investments may be amplified. However, as the platform grows and user loyalty strengthens, the industry shifts from chaotic expansion to refined operations, with NaaS gradually realizing economies of scale and achieving profitability at scale.
According to the latest financial report, NaaS is actively aligning with industry development trends by optimizing its internal processes and improving efficiency, thereby enhancing profitability. Driven by the dual forces of market demand and user growth, NaaS is gradually entering a harvest phase.
The financial report shows that in Q3 2024, the company’s charging service business achieved steady growth in both GTR (Gross Take Rate) and NTR (Net Take Rate), with the proportion of profitable orders rising to 73%. The total charging volume transacted through the NaaS network reached 1.284 billion kWh, a 13% increase quarter-over-quarter. These factors collectively fueled the growth of NaaS’s charging service business and are the primary reasons behind the company achieving its first-ever quarterly non-IFRS net profit.
In addition to its impressive profitability, NaaS’s charging service business has also demonstrated significant high-quality growth in scale. As the market matures, NaaS’s business shows clear scale advantages that continue to expand.
Recognizing industry trends and aligning with internal capabilities, NaaS began reducing user subsidies in early 2024, transitioning from subsidy-driven growth to organic growth by expanding user acquisition channels and deepening partnerships. This shift not only allowed the company to focus on the core value of its charging services—promoting intrinsic growth through improved products and services—but also supported the development of a more stable and sustainable revenue model, strengthening its competitive moat.
This shift is reflected in the financial data. Optimized subsidy policies contributed to an 81% year-over-year decrease in selling and marketing expenses to RMB 29.7 million (US$ 4.2 million) for this quarter. Despite reduced subsidies, NaaS’s platform achieved strong growth in transaction users in Q3.
Besides, latest data also show the number of connected charging stations increased by 40% year-over-year to 96,000, and the total number of connected chargers rose by 49% year-over-year to 1.146 million, outpacing the industry’s average growth rate during the same period. Significant cut in expenses does not compromise the company’s continuous growth.
AI-Driven Business Growth, Building an Industry Ecosystem
Since the launch of ChatGPT in 2022, the industry has been exploring how AI can empower various sectors, with the trend moving from general AI models to domain-specific applications—charging is no exception.
AI can process and analyze vast datasets, including user needs, market trends, and historical transaction data, to accurately forecast supply-demand dynamics and provide personalized recommendations based on user behavior. This can significantly enhance supply-demand matching efficiency and accuracy, addressing key challenges such as inefficient matching and insufficient high-quality supply in the current charging industry.
NaaS was an early adopter of AI and has demonstrated foresight in leveraging it to advance the charging industry.
As early as 2016, NaaS began developing AI algorithms to improve transportation energy supply-demand matching, operational efficiency, and intelligent energy replenishment experiences. In 2023, the company launched its NEF (NaaS Energy Fintech) system based on advanced AI algorithms. This system manages station site selection, revenue evaluation, operational scheduling, maintenance, and more, enhancing the operational efficiency and financial sustainability of regional charging operators while improving the user experience.
The scale of data often determines the intelligence level of AI algorithms. With its charging station network, NaaS has accumulated significant supply-demand data, providing an extensive stage for AI applications. In Q3, NaaS officially joined the AI Applications Alliance and is poised to continue unlocking the value of AI in the charging service industry, accelerating the digital transformation of the sector.
Beyond AI-driven advancements, the rapid growth of EVs has facilitated the integration of ecosystem resources across the charging industry. NaaS is also building its own ecosystem around its charging services by establishing long-term partnerships with automotive OEMs, charging station operators, energy companies, and the State Grid. These collaborations expand infrastructure coverage, provide user-friendly experiences, and enhance customer loyalty.
In August 2024, NaaS announced an in-depth partnership with FAW-Volkswagen to provide smart, efficient, and convenient charging experiences for NEV owners. In September, NaaS reached a strategic collaboration with IM Motors to offer enhanced service capabilities. These partnerships highlight NaaS’s ongoing efforts to expand the ecosystem in the EV charging industry, creating a comprehensive and robust service ecosystem.
With the rapid growth of NEVs, the charging industry, as a critical supporting infrastructure, has entered a phase of accelerated expansion. As a “connector” in the charging service market, NaaS leverages AI-driven algorithms to continuously integrate resources from various industry participants and collaborate with ecosystem partners to build a mutually beneficial ecosystem. According to the latest financial report, NaaS has transitioned from the early “cash-burning” stage to a phase of refined operations, with its profitability model gradually being recognized by the market. The company is poised for large-scale profitability, supported by its wide network coverage, and its future development is highly anticipated.
Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce the launch of SUPER G®, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.
SUPER G® is a graphene slurry which has been developed by GMG over the last 3 years for GMG’s own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.
The Graphene comes from GMG’s self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer’s lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.
GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.
Exceptional Performance Confirmed by Oxford University
A recent study conducted by Oxford University has confirmed the exceptional performance of GMG’s SUPER G®. Key findings include:
SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.
Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)
SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.
Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing
Unlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.
Figure 4: Nyquist Plot of EIS Response – Calendared vs. Uncalendared SUPER G®
Table 1 shows SUPER G® in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for SUPER G® including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.
Property
Standard Industry Lithium-Ion Battery Carbon Additive
GMG SUPER G®
Bulk Density
0.12-0.25 g/cm³
0.3-0.4 g/cm³
Surface Area
~60 m²/g
250 m²/g
Typical Loading in Electrode
2-5 wt%
0.5-2 wt %
High-Rate Performance
Standard application
Excellent for very high-rate applications
Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity Additive
GMG’s Graphene has been found to increase rate tolerance of lithium-ion batteries – which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.
About GMG:
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.
The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating), lubricants and fluids.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).
GMG’s 4 critical business objectives are:
Produce Graphene and improve/scale cell production processes
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 3, 2024 available for review on the Company’s profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
The London EV Show 2024 has secured an impressive lineup of top experts from across the mobility value chain. This includes influential policymakers, industry associations, EV manufacturers, innovators in charging infrastructure, battery management specialists, and fleet management professionals, providing a vital opportunity for meaningful engagement for anyone seeking to navigate the future of electric transportation.
The event’s agenda is rich with insights into the latest advancements and breakthroughs within the electric vehicle sector. Key topics of discussion will include, the United Kingdom’s EV outlook and transition to net-zero, electrifying mobility and transportation as a journey towards a sustainable future, and navigating the global EV landscape through policies, regulations, and outlook. Additionally, discussions will cover urban mobility and smart cities, powering the future with electrification across air, sea, and land transportation, and the cleantech and decarbonisation of the global transport sector.
Other important topics pertain to empowering women in the electric vehicle industry, cybersecurity in EVs, consumer behaviour, and market trends, as well as investing in the global EV revolution. The agenda also addresses battery management systems and charging infrastructure, EV charging systems and payment solutions, and the relationship between charging, battery technology, and the supply chain.
Notable speakers who have confirmed their participation at #LEVS24 include: Alex Gilbert, Head of Energy and Electrification, Commercial Development at Transport for London; Stuart Murphy, Head of Fleet Transformation and Integration at Royal Mail; Mete Coban, Deputy Mayor of London for Environment and Energy at Greater London Authority; James Rooney, Head of Road Fleet at Network Rail; Stephen Elderkin, Director of Environmental Sustainability at National Highways; Olly Craughan, Head of Sustainability at DPD UK; Alex Veitch, Director of Policy and Insights at British Chambers of Commerce; Dr. Roger Tyers, Transport Policy Specialist at the House of Commons Library; Sofia Stayte, Head of Future of Flight Policy at the Department for Transport UK; H.E. Rafael Ortiz Fabrega, Ambassador of Costa Rica in the United Kingdom and Northern Ireland at the Embassy of Costa Rica; Oliver Adrian, Head of EV Charging & Energy Strategy at Ford Motor Company; Marc Palmer, Brand Insight Director at Auto Trader UK; Marina Lussich, Principal, Operations Sustainability at Amazon; Dr. David Storer, Director of Research, Innovation and New Mobility at CLEPA – European Association of Automotive Suppliers; Amy Stokes, Head of e-mobility at Volvo; Matthew Eastwood, Head of EV Infrastructure, Consumer Incentives and Fleets at Transport Scotland; Andrew Grant, Head of Intelligent Mobility at Bloomberg NEF; Abby Chicken, Head of Sustainability at Openreach; Baerte De Brey, Vice President at AVERE. Check The Whole List Here
The London EV Show 2024 is a one-stop destination for anyone passionate about electric mobility. It offers a chance to connect with industry leaders and innovators, engage in dynamic discussions, and explore the latest trends and technologies shaping the future of transportation.
Don’t miss this opportunity to make a meaningful impact! For further information, please reach out to us at press@valiantandcompany.com
MobilityX 2024 is set to take center stage as one of the most anticipated exhibitions and summits in the electric vehicle (EV) industry, bringing together global leaders, innovators, and policymakers to explore the future of clean mobility at the Kuala Lumpur Convention Centre (KLCC) from 9-11 October, 2024. Co-located with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) and the Clean Energy Technology Asia (CETA) summit, MobilityX will highlight the latest advancements in the clean mobility market, facilitate cutting-edge partnerships, and ignite discussions that will shape the mobility landscape in Southeast Asia.
As Southeast Asia positions itself as a rising global hub for the electric vehicle industry, MobilityX 2024 will serve as a premier platform for stakeholders to exchange insights on EV trends, technology advancements, and policy frameworks that are driving the sector forward. From OEM automakers to energy providers, government bodies to tech innovators, the event will feature groundbreaking innovations that address the growing demand for clean, sustainable mobility solutions.
MobilityX 2024 will play a critical role in supporting Malaysia’s aspirations as outlined in the National Energy Transition Roadmap (NETR), which identifies green mobility as a key pillar of the country’s sustainable development strategy. The event will showcase how the growing EV ecosystem can help operationalise a low-carbon transport system, aligning with Malaysia’s goal of achieving net-zero carbon emissions by 2050.
“Electric vehicles are steering nations towards a cleaner future, and Malaysia has the right foundations in place to build a low-carbon transport infrastructure,” said Mel Lanvers-Shah, CEO of The Co_Lab Pte Ltd, the event’s owner and organiser. “With the support of initiatives like MobilityX and collaboration among industry leaders, we are well on track to establish Southeast Asia as a leader in future mobility.”
As a dynamic platform for innovation, MobilityX 2024 will feature interactive exhibits, product launches, and expert panels at the co-located CETA Summit discussing the latest technologies shaping the future of mobility. Topics will include the integration of electric vehicles into smart cities, advancements in EV charging infrastructure, and the role of autonomous and connected vehicles in reducing emissions and transforming urban transport.
In addition to showcasing technological advancements, MobilityX 2024 will foster cross-industry collaborations and partnerships essential to accelerating the global EV transition. It will provide opportunities for OEMs, Mobility Innovators, After Market Suppliers and Technology Providers to network and engage in strategic dialogues that address both the challenges and opportunities facing the clean mobility sector.
With Southeast Asia on the cusp of a mobility revolution, Malaysia stands at the forefront of this transformation. MobilityX 2024 is set to cement the nation’s role as a leading player in the global EV market, propelling the region towards a sustainable, low-carbon future.
The IGEM, CETA, and MobilityX Exhibition and Summit is set to welcome nearly 50,000 attendees, with over 500 exhibitors and sponsors showcasing cutting-edge solutions. Energy professionals from across the region will gather to explore innovations and secure the resources needed to drive business growth and sustainability in the industry.
Organised by The Co_Lab Pte Ltd, MobilityX is held under the patronage of the Ministry of Natural Resources and Environmental Sustainability (NRES), with the Malaysian Green Technology and Climate Change Corporation (MGTC) as its strategic partner.
MobilityX is an annual exhibition and summit focused on future and clean mobility and electric vehicle innovations, driving the mobility transition across Asia. Co-located with IGEM and CETA, MobilityX brings together OEMs, Mobility Innovators, After Market Suppliers and Technology Providers from around the region to explore the latest trends and technologies shaping the future of mobility.
– Total Revenue of RMB 12.469 billion and Profit Increased by 56.6% to RMB417 million – Brilliant Showcase of the Full-scenario New Energy Solutions – “Battery Expert” Continues to Innovation and Empower the Global Energy Ecosystem
On August 29, CALB Group Co., Ltd. (CALB or the Group, HKG: 3931), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The profit increased by 56.6% to RMB417 million. Gross profit rose by 65.2% to RMB1,948 million, with a gross profit margin up by 6 pp to 15.6%. The net assets amounted to RMB47.369 billion, an increase of 2.1% over early 2024.
CALB noted that the revenue growth in H1 2024 was mainly attributable to the release of the Group’s production capacity, further diversified in customer structure, and significant growth in business scale. By product division, revenue generated from the sales of EV batteries reached RMB9,724 million, accounting for 78% of total revenue. Meanwhile, revenue generated from the sales of ESS products and others increased by 43.2% year-on-year to RMB2,745 million, accounting for 22% of total revenue.
In the first half of 2024, CALB made full efforts in all fields to achieve sustained and rapid development. The Group’s installed capacity of EV batteries firmly ranked the second place in China and rose to the top four globally among the third-party EV battery providers. The installed capacity for hybrid electronic vehicles and commercial vehicles has more than doubled, while the delivery of BEV batteries for high-end market increased significantly year-on-year, the Group became the designated partner of new platforms and projects of many international customers such as Toyota, Volkswagen, Ford, Audi and Mazda. Additionally, CALB’s 314Ah ESS battery was the first in the industry to achieve stable delivery in batches, and secured the battery order for the world’s largest energy storage project. For the E-ship market, the Group also signed several projects of international large-scale commercial ships, and the deliveries will be completed in succession.
In terms of innovation in technologies and products, CALB continues to make strides, achieving a series of key technological breakthroughs. On August 28, the “2024 CALB Global Ecosystem Conference” officially showcased the full-scene series of new products in several major categories, including EV, eVTOL, ESS, E-ship and E-train, together with a highly anticipated all-solid-state battery solution, continuously leading the industry to new heights.
The new series for passenger EVs and eVTOLs includes four batteries: super BEV battery with new 5V LNMO cathode and upgraded performance (400km with 5 mins recharge, 100% performance under -20oC), super REEV battery with extreme fast charging of 5C, super PHEV battery with ultra-high power up to 400kW, and super eVTOL battery with extremely high energy density of 350Wh/kg with 46-cyclidical solutions, all scheduled to be launched between 2025 and 2026. The new series for commercial applications encompasses four battery systems, including a high-capacity battery system for light trucks with mileages up to 600km, a standard 800kWh solution for heavy trucks to reach mileages up to 530km, a flexible solution for E-trains, and a 199MWh walk-in solution for E-ships. The series for ESS applications includes three different specifications of cells and systems: the industry’s first mass-produced Gen2 314Ah battery cell with the cycle life of 15,000 times and the upgraded 5MWh ESS container, the 6.25MWh ESS container with the newly designed 392Ah battery cell, which will be the world’s 1st in the market and perfectly compatible with existing production lines for 314Ah cells, and the 6.8MWh+ ESS container equipped with the next generation 625+Ah battery supported by the Gen3 stacking technology. The all-solid-state battery, a major blockbuster product that has drawn significant attention at the conference, is set to enter the pilot installation phase in 2027, achieving the industry’s peak energy density of 430Wh/kg in mass production.
For the future prospects, revolving around the business strategy of “dual-driven force of power and energy storage” and regional strategy of “Paradigm Featuring Dual Circulation”, CALB is dedicated to serving the high-quality development of new energy with its leading technology and product capabilities. As for innovation in technology and product, the Group is committed to continuous technological innovation in multiple dimensions and maintaining its leadership in advanced materials, advanced manufacturing technologies, high performance battery and system technologies, new batteries, and battery life-cycle management, etc. to ensure the competitive advantages of its products in the application field. Meanwhile, the Group will pool its efforts and resources to provide comprehensive product solutions and life-cycle management for the new energy full-scenario application market represented by EV and ESS. In alignment with its strategic goal of internationalization, the Group will continue to accelerate its strategic internationalization process from multiple aspects including production capacity, market and supply chain.
In the future, CALB will adhere to the innovation-driven development strategy, firmly grasp the high-quality development, develop new quality productive force, continuously define and expand the global markets and persistently provide global customers with a full range of optimal solutions. Based on the positioning as a “battery expert”, the Group will be dedicated to the technologies and product offerings to serve the market and satisfy the customers, continue to shape a healthy ecosystem for the new energy industry.
The 2nd ASEAN Battery Technology Conference (ABTC) returned and strengthened the commitment to develop a close knitted battery development ecosystem among the Southeast Asian countries. Hosted in Singapore this year by the Singapore Battery Consortium at Singapore at the Shangri-La Rasa Sentosa between 21st and 23rd August 2024.
The conference is also jointly organised by the alliance of leading battery related associations in the region – the Thailand Energy Storage Technology Association, the National Battery Research Institute, the National Center for Sustainable Transportation Technology, NanoMalaysia, and the Electric Vehicle Association of the Philippines.
Dr. Pimpa Limthongkul, Co-Chairman of ABTC and President of the Thailand Energy Storage Technology Association, said, “This year, we are excited to see the expansion of what we have achieved since we last gathered together last year in Bali. Our alliance has grown from three to now six battery associations in Southeast Asia and we will continue to grow in strength. Witnessing the collaborations between the battery associations, private sector and academia is a celebration of how we are moving forward together to drive innovation for a more connected and eco-friendly future in the region.”
On the second day of the conference, over 250 participants and the six leading battery associations in Southeast Asia witnessed the signing of three new Memorandums of Understanding or MoUs that will further the development of batteries in the region.
From L to R: Prof. Nonglak Meethong (Professor, Khon Kaen University), Mr. Larry Poon (Business Development Manager, INV CORPORATION PTE. LTD.), Dr. Rezal Khairi Bin Ahmad (CEO, NanoMalaysia Berhad), Mr. Bryan Oh (CEO, NEU Battery Materials Pte Ltd) Mr. Freddie Kim (Managing Director, SAMSUNG SDI SOUTHEAST ASIA), Dr. Sing Yang Chiam, Technical Director Singapore Battery Consortium.
Three Memorandums of Understanding
Gigafactory Malaysia (GMSB) and NEU Battery Materials (NEU) to Collaborate on Lithium Battery Recycling Development
The collaboration will focus on developing “Gigafactory” level operations and manufacturing of innovative battery technologies incorporating nanomaterials for mobility and stationary applications. This collaboration is the progression of the Memorandum of Understanding (“Memorandum”) signed in Bali, Indonesia at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) to promote cross-country collaboration within ASEAN on battery technology.
Singapore-based, NEU, who are specialists in LFP battery recycling will ensure a steady supply of recycled battery material, like lithium carbonate and other metals are made available to GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre for performance testing. GMSB is a subsidiary of NanoMalaysia.
The testing of the recycled material is to ensure their viability and sustainability within the Malaysia battery ecosystem, which would expand to localised development of a lithium battery recycling ecosystem for the ASEAN region. NEU and GMSB will facilitate this supply and development based on spent battery material being used in an end-to-end ecosystem.
This will also pave the way for the exploration of a joint-development programme for improved recycling efficiency between these two companies.
Gigafactory Malaysia Sdn Bhd (GMSB) and Khon Khean University (KKU) to Collaborate on Manufacturing of Cells Developed by GMSB
GMSB’s and KKU’s collaboration will leverage their joint expertise and resources, with KKU acting as the outsourced manufacturer for batteries developed by GMSB. The collaboration will also provide knowledge sharing in battery testing and certification that will lead to productivity advancements at GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre in Malaysia.
This Memorandum of Understanding (MoU) is an extension of an agreement signed at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) in Bali, which involved key organisations from Singapore, Indonesia, Thailand, Malaysia, and the Philippines.
Aligned with the ASEAN Battery Network’s mission, this MoU aims to strengthen battery technology development within ASEAN.
Institute of Materials Research and Engineering (IMRE), Singapore and INV Corporation to collaborate on Joint Research to Develop Hybrid Battery Separators
A Research Collaborative Agreement will be signed between the Institute of Materials Research and Engineering in Singapore and INV to develop the next generation hybrid battery separators, which will address the challenges of safety faced by current rechargeable batteries.
This collaboration seeks to play on the strengths and IPs in solid state batteries developed in Singapore. INV is headquartered in Singapore and is the largest battery separator film manufacturer in the world. Its production plants are in Sweden and Malaysia.
Samsung SDI Southeast Asia Expansion
Samsung SDI, a high-performance battery manufacturer based in South Korea, opened its Regional HQ in Southeast Asia in Singapore on 19 April 2024. Samsung SDI currently has two manufacturing sites in Southeast Asia, located in Malaysia and Vietnam. To enhance customer service, the company has established two sales offices in Vietnam (December 2023) and Singapore (April 2024).
Samsung SDI Southeast Asia PTE LTD (SDISEA) also announced that it will open Samsung SDI R&D Singapore (SDIRS) on 1 September 2024, during the 2nd ASEAN Battery Technology Conference (ABTC).
Under its vision of making the world greener and more sustainable through innovative technology, Samsung SDI will provide its customers in Southeast Asia with PRiMX (Prime Battery for Maximum Experience) batteries and technologies in pursuit of utmost customer satisfaction.
Hosting of the ABTC is rotated among the co-organisers. In 2025, TESTA will host the ABTC in Thailand.
The conference’s anchor sponsor is Hyundai Motor Group Innovation Center Singapore (HMGICS), with the gala dinner sponsored by INV Corporation Pte Ltd.
Gold sponsors include Amphenol Communications Solutions, Quantel Pte Ltd, Infineon Technologies Asia Pacific Pte Ltd, and Gotion Singapore Pte Ltd, while silver sponsors are Concord New Energy Group Limited, Kewell Technology Co.,Ltd., Metrohm Singapore Pte Ltd, TME Systems Pte Ltd.
Additional sponsors include Samsung SDI Southeast Asia Pte. Ltd, Siemens Industry Software Pte Ltd, UL Standards & Engagement, and NEWARE Technology Limited. Publicity partners are the EV Association of Singapore, EV Association of Malaysia, and Turn Off Turn On Ventures.
ASEAN Battery Technology Conference (ABTC) stands out as the premier battery conference in ASEAN, attracting an audience of over 250 participants. We look forward to engaging with a diverse range of participants, including cell manufacturers, pack integrators, and recycling companies. The mission of ABTC is to bring together regional battery expertise, creating unique opportunities within the global battery value chain.
The primary objective of ABTC is to foster collaboration among stakeholders in the battery industry. We aim to facilitate insightful discussions covering various topics, such as advanced battery materials, prototyping, cell-to-pack technologies, and recycling strategies.
In addition to these focal points, the conference will explore related aspects such as standards, interoperability, and the ongoing evolution of battery safety technology.
Organisers of ABTC
About Singapore Battery Consortium
Singapore Battery Consortium (SBC) aims to foster strategic R&D partnerships amongst public research performers and industry players in developing and advancing battery technologies. SBC aims to develop and catalyze the local ecosystem in battery-related technologies through this platform. It is hosted at A*STAR and supported by the National Research Foundation Singapore (NRF). Over the past decade, commercial interest in battery development has been on the rise, keeping pace with demand for better battery performance and different performance characteristics for increasingly complex mobility and portable devices. To meet this demand, the Singapore Battery Consortium will bring research outcomes from our laboratories into the market by enabling researchers to understand business requirements, while giving companies access to the latest battery research and technologies to augment their product development efforts.
About Thailand Energy Storage Technology Association (TESTA)
TESTA or THAILAND ENERGY STORAGE TECHNOLOGY ASSOCIATION aims to help connect stakeholders, educate the public, promote understanding, and nurture technological advancements in energy storage technologies in Thailand. TESTA was officially registered on January 25, 2021, by 5 founding institutes including the National Science and Technology Development Agency (NSTDA), Khon Kaen University (KKU), King Mongkut’s University of Technology Thonburi (KMUTT), King Mongkut’s University of Technology North Bangkok (KMUT-NB), and Electric Vehicle Association of Thailand (EVAT). Over 60 members of the association include energy storage technology enthusiasts from various sectors ranging from academic, research institutes, public sectors, policymakers, and private industries.
About National Center for Sustainable Transportation Technology (NCSTT)
The National Center for Sustainable Transportation Technology (NCSTT), or Pusat Pengembangan Teknologi Transportasi Berkelanjutan, is from Indonesia and is a unique multidisciplinary research center focused on conducting, supporting and encouraging applied engineering and technology for transportation systems in Indonesia. NCSTT has been recognized globally as the research center which aims to foster the national transportation industry in developing national economics and welfare. NCSTT has built network linkages and research collaborations with national transportation stakeholders such as automotive, railway and aircraft industries, as well as research institutions and universities.
About National Battery Research Institute (NBRI)
The National Battery Research Institute (NBRI) was legally established on 17th December 2020 as The Center of Excellence Innovation of Battery and Renewable Energy Foundation, with Prof.Dr. Evvy Kartini as a Founder and Prof Alan J. Drew as Co-Founder. NBRI is Indonesia’s independent institute for electrochemical energy storage science and technology, supporting research, training, and education. NBRI aims to contribute to the overall research capacity and training environment in Indonesia in Battery Research. NBRI is a platform that brings together scientists, academicians, industry partners, the government and all stakeholders that focus on battery technology. The main goal of NBRI is to encourage and support a battery manufacturing industry using local resources, which will enable Indonesia to be independent in energy. The NBRI was supported by the UK Government’s Global Challenge Research Fund (GCRF), part of the Queen Mary University of London QR allocation.
About Electric Vehicle Association of Philippines (eVAP)
eVAP envisions a nation wherein the use of electric vehicles is highly promoted, encouraged and supported by its government and society to develop a transportation landscape that is one with the environment ecologically and economically. eVAP’s mission is to educate the public on environmental awareness, and the economic and ecological benefits of electric vehicles through the conduct of and/or participation in promotional activities.eVAP aims to accelerate society’s conversion from using gas-powered vehicles to electric vehicles and works with the government in the creation and implementation of legislation that will support and encourage the use of electric vehicles.
About NanoMalaysia
NanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Minister of Science, Technology and Innovation (MOSTI) to act as a business entity entrusted with nanotechnology commercialization activities. Some of its roles include commercialization of nanotechnology research and development, industrialization of nanotechnology, facilitation of investments in nanotechnology and human capital development in nanotechnology.
