EVs Archives - Page 6 of 7

Ni Hsin Obtains VTA Approval for Electric Vehicle Bikes

Venture into e-mobility in line with Ni Hsin’s drive towards ESG

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/

Excelpoint and Bkav Signs Strategic Collaboration to Develop and Commercialise AIoT Platform based on Qualcomm Technology Ecosystem

Nasdaq-listed technology innovator, Qualcomm, will form a tripartite alliance with Bkav and Excelpoint to create a complete ecosystem for AIoT applications
AIoT is the next transformational technology trend via the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure
According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum
Enabling New Business Opportunities and Innovations within the AIoT Technology Spectrum

Singapore-based Excelpoint Systems (Pte) Ltd. (“Excelpoint“), a leading regional B-to-B business platform providing quality electronics components with integrated R&D capabilities, and Bkav Hardware Solution (“BHS“), a member of Vietnam-based Bkav Corporation (“Bkav“) that is a technology group that specialises in cyber security, software, e-government, smartphone manufacturing and smart electronic devices, Smart City and AI camera, are pleased to announce the signing of a strategic collaboration to develop and commercialise an Artificial Intelligence of Things (“AIoT“) platform built on Qualcomm chipsets and technology ecosystem.

*Mr. Nguyen Tu Quang, Chairman of Bkav Group and Mr. Albert Phuay, CEO of Excelpoint (left to right)*

AIoT is the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure, where such AIoT devices and applications can analyse data and make decisions and act on that data without involvement by humans, enhancing efficiency and effectiveness.

In the near future, it is anticipated that AIoT integration within businesses and industries (such as Smart Cities, Smart Homes, Industrial 4.0, Smart Retail Chains, Autonomous Vehicles, among others) will ultimately lead to more sophisticated and valuable inter-business and cross-industry solutions.

According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum.

Tripartite alliance between Qualcomm, Excelpoint and Bkav to develop and commericalise AIoT platform that facilitates the creation of new AIoT devices and innovations

While there is increasing proliferation of AIoT devices and applications, there are limited commercially-ready AIoT platforms and development kits as there are not many technology companies that can produce AIoT devices and applications across this specialised technological value chain, from hardware to software development.

With the tripartite alliance between Qualcomm, Excelpoint, and Bkav to create a complete ecosystem for AIoT applications, it can enable businesses and communities to seamlessly adopt and integrate AIoT technology with optimal costs and time efficiency, thereby creating new business opportunities and innovations within the AIoT technology spectrum.

Under the alliance, Qualcomm will provide its chipsets, while Excelpoint will pursue the business development opportunities related to AIoT through its strong distribution networks. Levergaing on its technological strengths and manufacturing capabilities, Bkav shall undertake the role of a supplier of hardware, AIoT and AI platforms, such as AI Camera, AI Box, Edge Computing Servers, AIoT SoM, KIT, etc.

Mr. Nguyen Tu Quang, Chairman of Bkav Group, said: “With the strategic collaboration of technology-leading companies such as Qualcomm and Excelpoint, Bkav will use our competitive strengths to develop the core foundation for the AIoT ecosystem, so as to accelerate the revolution of Industry 4.0 and contribute positively to an increasingly-connected world driven by technology.”

Mr. Albert Phuay, CEO of Excelpoint, added, “We are very honoured to be a part of this strategic collaboration, value-adding to the future of AIoT. Excelpoint started our AIoT journey early, building up strong networks and knowledge within this emerging field. In Singapore, we have set up various development teams to unlock the technology and business opportunities of AIoT, such as Smart Parking, Electric and Automated Vehicles, Smart Surveillance and Security, among others. With our continual dedication and commitment in the AIoT field, we are confident that our collaboration with strong partners in Qualcomm and Bkav will be able to harness emerging opportunities and contribute to the AIoT ecosystem.”

In May 2022, BHS was officially launched, providing services such as research, development and production of electronic products, positioning its operations as an Original Design Manufacturer (“ODM“), a business model similar to Foxconn. The strategy of BHS is to support domestic enterprises within the electronics industry, with an aim to enable hardware manufacturing companies to become market-leaders globally. BHS is a member of Bkav Corporation. For more information on Bkav, please visit https://bkav.com.vn

Excelpoint is a leading regional electronics components distributor providing quality electronic components, engineering design services and supply chain management to original equipment manufacturers (“OEMs“), ODMs and electronics manufacturing services (“EMS“) in the Asia Pacific region. Excelpoint is also the authorised distributor of Qualcomm in ASEAN, India, Australia and New Zealand. Established in 1987 and headquartered in Singapore, Excelpoint’s business presence spans more than 10 countries across Asia Pacific with a workforce of more than 700 people from different nationalities and cultural backgrounds. For more information on Excelpoint, please visit www.excelpoint.com

For any media enquiries, please contact:

Bà Đỗ Thị Thu Hằng – Giám đốc Truyền thông Bkav
Mobile: 84 – 983. 14 33 21
Email: HangDTT@bkav.com

Ms Phuay Li Ying
Head, Corporate Development
Direct: +65 6210 6649
Mobile: +65 9688 8898
Email: phuay.li.ying@excelpoint.com.sg

U-Boat Worx launches 9-person flagship lithium-ion battery submersible NEXUS

Dutch submersible manufacturer U-Boat Worx (www.uboatworx.com) breaks the mould with the launch of the NEXUS series. U-Boat Worx is the market leader in private and commercial submersibles. Since 2017, the company has sold more than 20 of its highly successful Cruise Subs to private operators, resorts, and cruise lines.

The NEXUS series (www.uboatworx.com/model/nexus-series) comprises two models featuring an ultra-large elliptical acrylic pressure hull with unrivalled passenger comfort. Seating up to eight passengers and one pilot, the NEXUS provides 25% more interior space than competing models. The NEXUS subs are depth-rated to 200 meters (650 feet).

Equipped with the latest lithium-ion battery technology, the subs can operate for up to 18 hours and dive up to ten times a day. 80 guests can participate in an unforgettable sub-sea adventure daily (www.uboatworx.com/model/nexus-series).

The unique revolving seating arrangement featured in the Cruise Subs has been replicated in the NEXUS. Passengers therefore always enjoy the best view, regardless of the direction the submarine is travelling. The NEXUS subs are designed as multi-directional, meaning they can manoeuvre in any direction without compromise. This is a distinguishing capability only achieved in U-Boat Worx submersibles. Ten silent thrusters provide the power required for top performance and unmatched speed.

The experience and knowledge gained from the development of the Cruise Subs has evolved the new features in the NEXUS series, including an XXL entrance hatch – the largest ever incorporated on a submersible of this size. For passengers of all ages, the entire boarding process has been streamlined, in keeping with U-Boat Worx’s vision that everyone should be able to experience the oceans in a safe and comfortable manner.

A unique feature of U-Boat Worx’ flagship submersibles is the optional passenger elevator, also integrated on the company’s C-Researcher models.

Thanks to top-mounted diving tanks, the view abeam on both sides is unrestricted by floaters, with ample freeboard. This also leads to a stable boarding platform granting sufficient space for all occupants to stand on deck.

The NEXUS is optimised for ship-based launch and recovery, and can also be deployed from land and transported to dive sites.

In addition to the 9-person NEXUS, a marginally smaller and lighter 7-person version is available.

NEXUS – meaning a point of connection – bridges the gap between people and the ocean, providing a truly immersive aquatic encounter.

About U-Boat Worx
The 10 Submersible essentials (www.uboatworx.com/why-u-boat-worx-submarines)

For centuries, the Netherlands has been synonymous with world-class maritime innovation. U-Boat Worx is proudly continuing this tradition by leading the global submersible market. Since becoming an industry leader in submarine design, construction, and operations, we see our commitments to safety, quality and service as the major reasons for our ongoing success.

The desire to explore the deep has existed since the dawn of humanity. The popularization of scuba-diving brought the oceans within reach. Unlike scuba-diving, a manned submersible can take us deeper, in safety and comfort – without any risk of decompression.

The dream of creating a superior submersible, available to the general public, began in the 1980s. Bert Houtman, founder of U-Boat Worx, had the revolutionary idea to create submersibles that would not only be operated by the military or large oceanographic research institutes, but also for the private sector. He realized that to do that, he needed to build his own.

U-BOAT WORX PRESS OFFICE / SAND PEOPLE COMMUNICATION
sandpeoplecommunication.com
Alexander Razinkov
uboatworx@sandpeoplecommunication.com
M: +7 909 1672905
https://sandpeoplecommunication.com

Ni Hsin Signs OEM Manufacturing Agreement with TAILG for Electric Two Wheelers

Venture into the e-mobility in line with Ni Hsin’s drive towards ESG

Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) (Ni Hsin or the Group), today entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of the eBixon EV Bike.

Under the OEM Agreement, TAILG will manufacture the eBixon EV Bikes and deliver as semi-knocked down (“SKD”) components that includes spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the electric two wheelers in Malaysia.

NH EV TECH and TAILG had, on 14 October 2021, entered into a product development agreement to develop the electric two wheelers based on TAILG’s existing Model D-80 for commercial purposes. Following the successful development of the prototype, the parties are now proceeding with the commercial manufacture of the two wheelers, which is certified by the Economic Commission for Europe (ECE), Malaysian Standard 2413 (MS2413) and Vehicle Type Approval (VTA) from Jabatan Pengangkutan Jalan Malaysia.

Khoo Chee Kong, Managing Director of NH EV Tech, said: “Our venture into the e-mobility business is in line with the Group’s commitment to seek opportunities under the ESG criteria of sustainability. This venture is now coming to fruition with the OEM Agreement and the manufacturing license from the Ministry of International Trade and Industry (“MITI”) obtained in October 2021″.

“The eBixon EV Bike will be used as proprietary mobile beverage machines in our BLACKBIXON Coffee business concept of cafe@anywhere, serving BLACKBIXON coffee to customers at various popular locations in cities around the country. We are also developing business models for the last mile delivery services built on the eBixon EV Bike. The eBixon EV Bike is expected to be launched in the third quarter of 2022. Our target is to produce 1,000 units of eBixon EV Bikes for the first year.”

“We are also targeting to sell 50,000 units of the eBixon EV Bikes in Southeast Asia in the next three years as demand for two-wheeled EVs 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”.

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

TVS Motor Company acquires Switzerland’s largest e-bike player – Swiss E-Mobility Group AG (SEMG)

TVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.

At the signing in ceremony Left to right: Sharad Mohan Mishra, President, Group Strategy, TVS Motor Company, Sudarshan Venu, Joint Managing Director, TVS Motor Company, Sir Ralf Speth, Chairman designate, TVS Motor Company, Rainer Fröhlich, Founder & Managing Partner, CONSTELLATION CAPITAL, & Reto Waeffler – CEO SEMG

SEMG is a market-leading provider of e-mobility solutions within the DACH region, operating the largest pure-play e-bike retail chain M-way in Switzerland with close to USD 100M in revenue. The company has a prestigious Swiss mobility brands portfolio, including Cilo, Simpel, Allegro, and Zenith – Bikes. By combining its extensive physical network and e-commerce platform with two online platforms and 31 physical stores, SEMG is able to deliver a seamless and world-class customer experience.

Announcing the acquisition, Mr. Venu Srinivasan, Chairman, TVS Motor Company, said, “TVS Motor has always been committed to sustainability and has been investing in electric vehicles for over 10 years. The increasing global focus on the environment and personal well-being is rapidly accelerating demand for newer mobility solutions, and TVS Motor is investing to drive this change.”

Speaking on the occasion, Sir Ralf Speth, Chairman designate, TVS Motor Company, said, “TVS Motor is committed to being at the forefront of e-personal mobility globally. SEMG complements our acquisitions of Norton Motorcycles and EGO Movement and strengthens our commitment to environmental sustainability. We offer our customers a compelling portfolio of technologically advanced and environment friendly products.”

Adding on, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, “This acquisition furthers TVS Motor’s commitment towards e-personal mobility products. We are strengthening our presence in the rapidly growing e-bikes segment. SEMG has strong omnichannel distribution and aspirational brands, including Cilo, Simpel, and Zenith – Bikes. I’m excited to enhance the product range further and scale the company in the DACH region and beyond. I’d like to convey my thanks to CONSTELLATION CAPITAL and Rainer Fröhlich for this foundation which we will build on.”

E-bikes are establishing themselves as the de-facto form of personal mobility in Europe due to the increased ease of usage, regulatory support, and overall perception as a sustainable form of transport. With a current penetration of approximately 15% of the total bicycle population in Europe and growing at a CAGR of ~18%, the market for the e-bicycle holds significant growth potential.Rainer Fröhlich, Founder and Managing Partner, CONSTELLATION CAPITAL, emphasises: “In TVS Motor, we have found the ideal and an exceptionally dynamic partner for SEMG to reinforce and expand the Group’s position as a market leader. The strategy of having a global leader like TVS as a majority shareholder not only offers untapped potential in quality assurance and procurement in the global supply chain but also lays the foundation for future expansion of the group beyond national borders.”The acquisition has been made in an all-cash deal through TVS Motor’s Singapore Subsidiary, TVS Motor (Singapore) Pte Ltd.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. 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 endeavour to deliver the most superior customer experience at all our touch points across 70 countries. 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 for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

About Swiss E-Mobility Group AG (SEMG)

The Swiss E-Mobility Group AG was incepted as a part of the CONSTELLATION V fund in 2018, and advised by CONSTELLATION CAPITAL AG, one of Switzerland’s leading investment firms. Since then, SEMG has been pursuing a growth strategy combining organic and inorganic opportunities through the acquisition of various companies in the e-mobility industry. SEMG represents a Switzerland based institution in the fast-growing e-mobility market, offering traditional Swiss and other attractive bicycle complementary services via a customer-centric multi-channel strategy in the DACH region. Their portfolio of four own e-bike brands (Simpel, Cilo, Allegro, Zenith) are relevant across all major e-bike segments from E-city, E-mountain bikes to niche segment in Speed Pedelec. SEMG’s role as a key distributor of major e-bike brands (Cube, Haibike, Canondale, Kalkhoff, Focus, Stromer, Moustache, KTM, etc.) also provides customers with a holistic range of e-bike products to choose from. For more information, please visit https://www.semg.ch/.

For more information, please contact:
Varghese M Thomas: vm.thomas@tvsmotor.com
K S Harini: ks.harini@tvsmotor.com

Hydrogen Optimized Signs Letter of Intent with Industrial Company to Supply More Than 40 MW of Large-Scale Hydrogen Production Capacity

Unique cost-effective scalability of Hydrogen Optimized’s RuggedCell(TM) water electrolyser cited as key factor leading to agreement

Hydrogen Optimized, a subsidiary of Key DH Technologies Inc., today announced that it has entered into a confidential Letter of Intent (LOI) with a large industrial company to provide more than 40 MW of RuggedCell(TM) water electrolyser capacity for hydrogen production.

The LOI provides for high current unipolar RuggedCell(TM) systems to be deployed at one or more sites by the company, which plans to roll out hundreds of megawatts of electrolyser capacity over time. It also specifies that the installed systems could be scaled up as demand for hydrogen grows.

“The signing of this LOI is a significant step forward in our commercialization process,” said Andrew T. B. Stuart, President and CEO of Hydrogen Optimized. “A key factor underlying the agreement is our system’s unique capability to double or more in capacity without requiring the installation of costly additional electrical and other equipment.”

Stuart added, “More and more potential clients tell us they are looking for a water electrolysis system that can be economically deployed in the tens of megawatts and can be expanded at a relatively low incremental cost as the MW rating of the project grows. The RuggedCell(TM) system makes this possible as it requires fewer power conditioning units to accommodate expansion. This contrasts with small module systems that must be fully replicated to increase output, and therefore cannot gain economies of scale.”

RuggedCell(TM) water electrolysis technology was designed from the start to offer important capabilities which were missing in the market. These include:

The use of low-cost materials that, unlike many other electrolysers in the market today, are free of iridium and other highly expensive platinum group metals;
Ease of mass manufacturing;
High-current architecture that uniquely enables individual hydrogen production modules in the hundreds of megawatts each; and
The proven capability of RuggedCell(TM) electrolysers to ramp from zero to 50,000 amperes in under 10 seconds and then very quickly reduce the current to any level, even down to zero amperes. This capability supports the system’s integration with intermittent renewable energy sources such as wind or solar, and with use on grids or micro-grids with widely varying power availability.

The main driver behind the mass deployment of water electrolysis is the need to reduce the carbon intensity of hard to abate industries such as ammonia, cement, methanol, steel, heavy duty transportation and other fossil fuel-intensive applications. Hydrogen produced with low to zero carbon dioxide emissions is widely recognized as key to achieving “net zero” emissions by 2050. To that end, recently the World Hydrogen Council called for hydrogen to contribute over 20% toward global carbon abatement by 2050.*

About Hydrogen Optimized
Hydrogen Optimized is a private hydrogen technology company that develops and commercializes large-scale Green Hydrogen production systems. It is part of Key DH Technologies Inc., a group of innovation-driven businesses in the deuterium and hydrogen industries. As a sustainable energy conversion company, Hydrogen Optimized enables the conversion of green electricity into Green Hydrogen and the transformation of heavy fossil fuel-use industries into sustainability leaders. Our patent pending high-current unipolar RuggedCell(TM) water electrolysis system integrates a scalable design that is free of iridium and other expensive platinum group metals, and enables low-cost mass manufacturing. It can be scaled up for use in Green Hydrogen plants in the hundreds of megawatts that are targeted to major industrial, chemical, utility and energy end users. Hydrogen Optimized seeks to be the first water electrolysis company to supply an aggregate of 10 GW of hydrogen production equipment. . For more information on Hydrogen Optimized, please visit www.hydrogenoptimized.com.

About Key DH Technologies Inc.
Key DH Technologies (KEY) develops innovation-driven businesses in the deuterium and hydrogen industries, serving global markets. KEY’s three main operating companies include: Hydrogen Optimized, a hydrogen technology company that develops and commercializes the patent-pending RuggedCell(TM) high-current unipolar water electrolysis systems for the large-scale production of Green Hydrogen; Isowater(R), a world-leading supplier of deuterium oxide to global customers in the life sciences, high technology and environmental science sectors; and deutraMed(TM), a breakthrough deuterium science and innovation company that provides clients with high-value deuterium-containing products for specialized applications along with IP-driven research and services. For more information, please visit www.keydht.com.

For more information:
Don Hogarth
Phone: 416-565-8920
Email: don@hogarthpr.com

* https://bit.ly/3HLVvm0

SOURCE: Key DH Technologies Inc.

Gemilang International Limited secures contract to deliver 140 units of fully-electric school buses to USA in 2022

Gemilang International Limited(GML) – an Asia-leading bus and bus body manufacturer, is expected to deliver 140 units of fully-electric school buses to California, USA in 2022, as it continues to drive its mission to promote the adoption of environmentally-friendly solutions for buses and bus bodies.

Based in Johor, GML has designed and manufactured bus bodies, and assembled buses for over 30 years. Its notable projects recently include the Iskandar Malaysia Bus Rapid Transit (IMBRT), Sarawak’s 1st electric city bus for Kuching Metro, and an electric bus pilot project by the Sabah government for public transport.

GML has also been supplying aluminium buses for Go KL, Rapid KL, Rapid Penang and MRT feeder buses for the last 13 years.

The Hong Kong listed company (Stock Code: 6163.HK) said it has been supplying EV buses to the USA since 2016, while the market was still predominantly using fossil fuel powered vehicles.

“In fact, GML has been supplying bus bodies for various EV makers such as BYD and CRRC to several markets including Malaysia, Singapore, Australia since 2015, and we expect more countries to catch up with the transition to EV as an increasing number of climate change mitigation commitments have been announced by governments around the globe,” said Mr. Pang Chong Yong, Chairman and CEO of GML.

He further added that the order of 120 units of 12m-length school buses and 20 units of 7.5m-length school buses was remarkable not just because it was a breakthrough for the US market, but it is also the largest quantity from a single order of EV buses that the company has ever received.

Mr Pang highlighted that the EV school bus market in the US is enormous with exponential growth aspect. This is a result of the recently-announced Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) which was signed into law by US President Joe Biden, committing $2.5 billion (approx. RM10.5 billion) to buy electric school buses for districts around the US.

“With the new plan to convert all 500,000 US school buses to zero emission vehicles, we are confident to capture more market share with our 3 decades of industry experience as well as our main competitive advantage – aluminium lightweight superstructure,” he added.

GML focuses on building environmentally-friendly bus and bus bodies, and have been using aluminium body solutions for more than 20 years.

“The lightweight, corrosion-free technology originates from Switzerland and has been proven by our customers from more than 15 markets around the world. Usually, our buses last longer and are deemed to be safer than steel-bodied counterparts, and I am pleased that this has helped us to expand our footprint in the US market,” concluded Mr Pang.

For further media enquiries please contact:
Jaz Ng
Tel: +6012 202 0096
Email: jaz@leesense.com

Elektros, Inc. (OTC:ELEK): Elektros Sees Synergy and Potential as Its Now Entering the Car Rental Business. Taking a Prominent Role in Society by Renting EV Cars.

SUMMARY: Expanding business within the burgeoning car rental arena. Elektros now will look beyond the horizons to intertwin their EV car division with car rentals. With the advent of more people opting not to purchase vehicles. Elektros will enter into the Electric Car Rental Business. With their first outlet in Sunny Isles FL. Elektros will set the trend as the first all electric car fleet. The prospect within this arena is massive. Renting EV’s will exasperate the passage for the Elektros family of EV lines. With the combination of building, and now renting Electric Vehicles.

Elektros Inc reveals they not only design, but will now rent EV’s. Coupled with the adaptation of their Patent Pending Multi Charging assembly system. Elektros is poised to take on more Social responsibility with the advent of EV Rentals. The Green Energy initiative has sparked movement throughout the World. People are now looking to rent or subscribe to cars, instead of car ownership.

The clearer path to the next generations is through the rental and subscription models. Separate your needs from your wants, and there is a need for Elektors to enter into this market. Many in Society today do not want the burden of owning a car. But something between a lease and car rental. This is where the Subscription model comes into play. Millennials and Gen Y are coming to age and the realization of not having or owning a car is advantageous. Unlike leasing a car they will not have to worry about insurance, any maintenance, nor depreciation. Lastly Subscriptions are shorter between a month to two years, and more flexible than a lease.

“Change happens, this is a constant by Creation. With a fast paced society that is getting more complicated by the day. If this is not a part of your business model, you’re already behind”, say’s Shlomo Bleier CEO of Elektros. “Carpe Diem is our theme. The paradigm shift in society today is due to the use it, but not own it mentality. Which we see as opportunity. The EV market is our focus. We choose our Greener Earth centric theme to break into this market, and utilize our core with EV’s. We will set the curve, be pioneers for others to follow. Elektros Rentals will be the first to rent only EV cars”.

About Elektros, Inc.
Elektros is an American electric vehicle company that innovates mobility solutions for consumers and businesses. The automotive landscape faces existential disruption over the next decade to reach carbon neutrality. Elektros addresses this paradigm shift with mobility technologies that support sustainability for a transformative user experience. Elektros aims to present a compelling and completely new electric vehicle experience to consumers beginning as early as 2023. The company plans a product unveiling in early 2022.

Cautionary Language Concerning Forward-Looking Statements
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential,” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
Elektros, Inc. IR and Media Inquiries
David Maddox
Email: dmaddox@bullsimedia.com
Website www.bullsimedia.com
Phone: 813-687-5257

SOURCE: Elektros, Inc.

TVS Motor Company and BMW Motorrad Announce the Expansion of their Cooperation Agreement for Future Technologies and Electric Vehicles

TVS Motor Company and BMW Motorrad today announced that they are extending and expanding their long-term partnership with the joint development of new platforms and future technologies, including Electric Vehicles. Based on this decision, TVS Motor Company’s scope will include the design and development of future BMW Motorrad products and delivering world-class quality, supply chain management, and industrialisation. Under this enhanced cooperation, both companies have identified a range of products and technologies to deliver significant business benefits.

BMW Motorrad and TVS Motor Company will develop common platforms by mutually tapping the emerging technologies in the future mobility space, keeping in mind the global requirements of customer segments in various markets. Exclusive products for both companies will be developed on these common platforms, and the companies will retail their products globally. TVS Motor Company will continue to bring on board engineering prowess in design, manufacturing and supply chain capabilities and provide best-in-class quality and economic advantage. The first product through this cooperation will be showcased in the next 24 months.

Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, “In the nine years of our long-term strategic partnership, we have always cherished the common core values we share with BMW Motorrad: focus on quality, engineering prowess, innovation and customer satisfaction. These factors and our commitment to deliver superior quality products with a strong value proposition has been key to the success of all three products launched from the platform. The new world of future mobility encompasses a strong play through alternate solutions, including electric mobility. Expanding this successful partnership to EVs and other newer platforms will create opportunities to deliver advanced technology and aspirational products to global markets and bring valuable synergies to both companies.”

Dr. Markus Schramm, Head of BMW Motorrad, said, “In light of our fruitful association with TVS Motor Company, we are delighted to extend and expand our cooperation agreement to include long-term partnership and joint development of new platforms and technologies, including electric vehicles. Our strong synergies have led to the development of impressive offerings in the sub-500cc segment. Since the launch, BMW G 310 R and BMW G 310 GS single-cylinder models continue to enjoy unrivalled popularity with over 100,000 global customers. We look forward to the future of this cooperation.”

In April 2013, TVS Motor Company and BMW Motorrad signed a long-term strategic partnership to manufacture sub-500cc motorcycles for the globe. This collaboration has resulted in three products on the 310cc platform: BMW G 310 R, BMW 310 GS, and TVS Motor Company’s TVS Apache RR 310. With over 100,000 customers, the products have been well accepted in all the leading markets like the EU, USA, Japan, China and India. The success of this cooperation has been the steppingstone of extending and expanding the partnership.

About The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.

In 2020, the BMW Group sold over 2.3 million passenger vehicles and more than 169,000 motorcycles worldwide. The profit before tax in the financial year 2019 was EUR 7.118 billion on revenues amounting to EUR 104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. 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 endeavour to deliver the most superior customer experience at all our touch points across 70 countries. We are the only powered 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 for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

For further information, please contact:
Varghese Thomas
vm.thomas@tvsmotor.com

Ni Hsin Group Launches BB2GO EV Bikes for F&B Business

Ni Hsin Group Berhad’s (formerly known as Ni Hsin Resources Berhad) (“Ni Hsin”) subsidiary BlackBixon2Go Sdn Bhd (“BlackBixon2Go”), is pleased to announce the launch of BB2GO EV (“electric vehicle”) Coffee Bike for use in the sale of BlackBixon coffee.

The launch was attended by YB Tan Sri Noh Bin Haji Omar, Minister of Ministry of Entrepreneur Development and Cooperatives; various directors from BlackBixon2Go Sdn. Bhd., the EV Bike subsidiary of Ni Hsin Group Berhad and Ni Hsin Group Berhad.

These electric bikes are powered by a battery system specially configured to also provide the power for the coffee-making machine and is an extension of Ni Hsin’s cafe@anywhere concept under its food and beverage business. The bikes are equipped with GPS for easy tracking of orders and locations of BB2GO EV Coffee Bikes by coffee lovers using the BB2GO app.

BlackBixon2Go also signed an MoU with Acasia Communications Sdn Bhd (“Acasia”) to digitalise the new business concept through its connectivity and cloud services, supporting BB2GO app. Acasia, an affiliate of Telekom Malaysia Group, is a collaboration among seven leading telecommunications providers offering a comprehensive suite of connectivity services and digital infrastructure in the ASEAN region.

Mr. Khoo Chee Kong, Managing Director of BlackBixon2Go, said, “We have embarked on a transformation trail, from a traditional manufacturer of stainless-steel products to a new age business model riding on the EV Revolution with BB2GO EV Coffee Bike combining Malaysians’ love for coffee and the desire to maintain a green and healthy environment. This business concept is apt and fitting for the street food industry, it’s also very suitable for catering, open house and parties.”

“The BB2GO EV Coffee Bike is a totally self-sufficient bar that does not require an electrical outlet to power the coffee machine. The batteries from the EV Bike are technically configured to produce up to 400 cups of coffee and can be recharged after that. With BB2GO EV Coffee Bike you can be a barista, just as in a modern cafe, serving espresso coffee or cappuccino prepared in front of your customer’s eyes.”

Ni Hsin’s use of the electric bikes is part of the company’s commitment to environmental, social and governance (“ESG”) responsibilities as well as adopting a mindset change for business sustainability in the face of technological advancement. Ni Hsin is also observing, learning and innovating to improve the way it conducts business as part of its ESG responsibilities.

The Company is planning to expand the BB2GO EV Coffee Bike concept across ASEAN and is also planning to manufacture and assemble the electric bikes in collaboration with an established EV manufacturer from China for the commercial and consumer market in Malaysia and ASEAN.

Pictured (from left):
– Mr. Khoo Chee Kong, Managing Director of BlackBixon2Go Sdn. Bhd.
– Tan Sri Dato’ Sri Haji Mohamed Apandi Ali, Non-Executive Chairman of BlackBixon2Go Sdn. Bhd.
– En. Sofiyan Yahya, Chairman of Ni Hsin Group Berhad
– YB Tan Sri Noh Bin Haji Omar, Minister of Ministry of Entrepreneur Development and Cooperatives
– Dato’ Seri Rosman Mohamed, Independent Director of Ni Hsin Group Berhad
– Dato’ Mohammad Radhi Bin Abdul Razak, Deputy Secretary General of Ministry of Entrepreneur Development and Cooperatives
(https://www.acnnewswire.com/topimg/Low_NiHsin20211213.jpg)