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U Power Announces Strategic Partnership with SAIC-Hongyan and UNEX EV to Deploy Battery-Swapping Compatible Heavy Trucks in Thailand and Beyond
Prnewswire· 2025-08-18 12:00
Core Viewpoint - U Power Limited has signed a Memorandum of Understanding (MOU) with SAIC Hongyan and UNEX EV to deploy battery-swapping compatible electric heavy trucks in Thailand, addressing the demand for green and sustainable transportation solutions in the logistics industry [1][2]. Group 1: Partnership Details - The collaboration involves deploying 3,000 electric heavy-duty tractors for long-haul transportation and 1,200 electric heavy-duty port-specific short-distance trucks in Thailand [2]. - U Power will lead the development and manufacture of battery-swapping stations and provide operational services, while UNEX EV will adapt SAIC Hongyan's heavy trucks for battery swapping and promote sales in Thailand [3]. - SAIC Hongyan will supply heavy truck prototypes and provide technical support to ensure compatibility with U Power's battery-swapping stations [3]. Group 2: Market Focus and Expansion - The initiative aims to promote the adoption of green commercial heavy trucks in Thailand, focusing on major highway transportation enterprises and container port operators [4]. - The partnership is exploring expansion opportunities into additional markets, including Southeast Asia, Latin America, Europe, Hong Kong SAR, and Macau SAR [2]. Group 3: Strategic Insights - The collaboration reflects a shared commitment to accelerating the shift toward zero-emission logistics, with a focus on creating a scalable and sustainable heavy truck electrification model [5]. - U Power has previously launched Southeast Asia's first operational smart battery-swapping station in Phuket, Thailand, and aims to enhance its presence in the Thailand market [5].
Mercedes-Benz of South Austin Celebrates Grand Opening Under New Group 1 Automotive Ownership
Prnewswire· 2025-08-15 10:30
Core Insights - Group 1 Automotive, Inc. has recently acquired Mercedes-Benz of South Austin and will celebrate the grand opening on August 18, 2025 [1][4] - The dealership features a next-generation layout emphasizing luxury and modern customer experience, spanning 80,000 square feet with 40 service bays and 28 EV charging stations [3] Company Overview - Group 1 operates 259 automotive dealerships, 324 franchises, and 39 collision centers across the U.S. and the U.K., offering 36 automobile brands [6] - The company engages in selling new and used cars, arranging vehicle financing, and providing maintenance and repair services [6] Event Details - The grand opening event will include a ribbon-cutting ceremony at 5:45 p.m. and main festivities from 6:00 to 8:00 p.m. [4] - Key executives, including Group 1 President and CEO Daryl Kenningham and Mercedes-Benz USA CEO Adam Chamberlain, will attend the event [4] Community Engagement - Group 1 has a philanthropic commitment, exemplified by a $10,000 donation to the Abigail E. Keller Foundation, supporting medically fragile and terminally ill children [5]
NFI’s MCI awarded expansion order from Metrolinx, strengthening leadership in the commuter coach market
Globenewswire· 2025-07-28 12:00
Core Insights - NFI Group Inc. has secured a second order from Metrolinx for 97 additional 45-foot D45 CRT diesel commuter coaches, expanding its partnership and reinforcing its leadership in North America's commuter coach sector [2][3] - The total commitment from Metrolinx now stands at 177 MCI coaches, aimed at enhancing transportation in the Greater Toronto and Hamilton Area [3] - MCI's coaches are recognized for their safety, durability, and passenger experience, supporting Metrolinx's goals of improving regional transit access and rider satisfaction [4] Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, offering a wide range of sustainable drive systems including zero-emission electric, natural gas, electric hybrid, and clean diesel [5][6] - The company operates under various brands, including New Flyer, MCI, and Alexander Dennis Limited, and supports an installed base of over 100,000 buses and coaches globally [6] - MCI is recognized as North America's public and private market motor coach leader, providing a range of products including luxury and zero-emission coaches, along with maintenance and training services [8]
THOR Industries and Harbinger Earn Fast Company 2025 World Changing Ideas Award for World's First Hybrid Class A Motorhome
Prnewswire· 2025-07-16 13:00
Core Insights - THOR Industries and Harbinger have won Fast Company's 2025 World Changing Ideas Awards for their innovative Hybrid RV, which addresses sustainability challenges in the RV industry [1][2][4] Company Overview - THOR Industries is the world's largest RV manufacturer, owning multiple operating companies [6] - Harbinger is an American commercial electric vehicle company focused on medium-duty EVs, aiming to transform the industry with proprietary technologies [7] Product Innovation - The Hybrid RV is the world's first hybrid electric Class A motorhome, featuring Harbinger's advanced EV chassis and a low-emissions gasoline range extender, providing an estimated 500 miles of range, including 150 all-electric miles [3] - The vehicle supports flexible charging options, including grid integration, solar power, and off-grid capabilities, enhancing the RV travel experience [3] Strategic Partnership - The collaboration between THOR and Harbinger reflects a commitment to pioneering an electrified RV ecosystem, focusing on innovative chassis technology and enhanced design [4] - Both companies emphasize the importance of long-term investment in innovation to maintain competitive advantage in the RV market [4][5] Recognition and Impact - The World Changing Ideas Awards recognized 100 outstanding projects from over 1,500 entries, highlighting the impact, sustainability, design, creativity, scalability, and societal improvement of the winners [4]
NFI’s New Flyer secures order from Brampton Transit for additional 55 buses
Globenewswire· 2025-06-23 11:30
Core Viewpoint - NFI Group Inc. is expanding its partnership with Brampton Transit by delivering 55 new Xcelsior buses, which includes both hybrid-electric and clean-diesel models, to enhance the city's transit fleet and support sustainable mobility solutions [2][3]. Group 1: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, with a broad product portfolio that includes electric and hybrid models [5][8]. - The company has a significant presence in the bus manufacturing industry, employing nearly 9,000 team members across ten countries and supporting over 100,000 buses and coaches globally [6][7]. Group 2: Recent Developments - The new order for Brampton Transit consists of 20 hybrid-electric 40-foot buses and 35 clean-diesel 60-foot buses, totaling 70 equivalent units, which will be added to New Flyer's second quarter 2025 backlog [2]. - This order marks a continuation of a long-term relationship, with over 300 buses delivered to Brampton over the past 30 years, highlighting the company's commitment to innovative mobility solutions [3]. Group 3: Product Benefits - New Flyer's Xcelsior buses are designed to provide improved fuel efficiency, reduced emissions, and strong operational reliability, making them suitable for modern transit needs [4]. - The buses utilize advanced engines and ultra-low sulfur diesel, contributing to sustainable transportation solutions that support community growth [4].
Alstom S.A: 10 July 2025 Combined Shareholders’ Meeting - Availability of the preparatory documents
Globenewswire· 2025-06-05 11:49
Group 1 - The Combined Shareholders' Meeting of Alstom is scheduled for 10 July 2025 at 2:00 PM in Paris, and will be broadcasted live on the company's website [1][2] - The prior notice of the Meeting, including the agenda and resolutions, was published on 2 June 2025, with a convening notice to be published on 23 June 2025 [2] - Preparatory materials for the Meeting are available on the company's website, in accordance with the French Commercial Code [3][4] Group 2 - Alstom is committed to developing sustainable transportation solutions, offering a wide range of products including high-speed trains, metros, and digital mobility services [4] - The company operates in 63 countries with a workforce of over 86,000 employees and reported sales of €18.5 billion for the fiscal year ending 31 March 2025 [4]
Alstom S.A: 2024/25 Universal Registration Document available
Globenewswire· 2025-05-28 13:11
Group 1 - Alstom filed its 2024/25 Universal Registration Document with the Autorité des marchés financiers (AMF) on 28 May 2025, which includes the Annual Financial Report [1] - The document is publicly available for free on Alstom's website and the AMF website [1] - Alstom generated sales of €18.5 billion for the fiscal year ending on 31 March 2025 [2] Group 2 - Alstom is committed to developing innovative and sustainable transportation solutions to contribute to a low carbon future [2] - The company operates in 63 countries and employs over 86,000 people from 184 nationalities [2] - The 2024/25 Universal Registration Document includes consolidated financial statements, statutory accounts, and reports from Statutory Auditors [4]
Damon Announces Plan to Resume Trading
Prnewswire· 2025-05-16 13:00
Core Viewpoint - Damon Inc. has decided to forego its right to appeal Nasdaq's delisting determination, allowing its common shares to trade on an alternative market starting May 20, 2025 [1] Company Overview - Damon Inc. designs and develops electric motorcycles and personal mobility products, focusing on innovation, data intelligence, and strategic collaborations [1] - The company operates across four revenue verticals: Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects [3] - Damon aims to capture a significant share of the $40 billion global electric two-wheeler market by 2030 [3] Market Transition - Damon’s common shares will resume trading on Nasdaq for one day on May 19, 2025, before being suspended [1] - The company expects to begin trading on the OTC Pink Current Market on May 20, 2025, and will pursue an application to trade on the OTCQB [2] Compliance and Standards - As a SEC reporting company, Damon exceeds the minimal current information standard required for the OTCID Basic Market [2] - The OTCID Basic Market will be effective as of July 1, 2025, and is designed for companies that meet minimal current information standards without the qualitative standards of higher OTC markets [2]
NFI Announces Election of Directors
Globenewswire· 2025-05-12 18:44
Core Viewpoint - NFI Group Inc. successfully elected ten nominees to its Board of Directors during the annual and special meeting of shareholders held on May 9, 2025, reflecting strong shareholder support for the management team [1][2]. Group 1: Election Results - Aziz Aghili received 87,281,414 votes, representing 99.07% in favor, with 820,823 votes withheld [2]. - Larry Edwards garnered 86,510,766 votes, or 98.19% support, with 1,591,471 votes withheld [2]. - Adam Gray had 80,511,713 votes, equating to 91.38% in favor, with 7,590,524 votes withheld [2]. - Paulo Cezar da Silva Nunes received 87,196,294 votes, or 98.97% support, with 905,943 votes withheld [2]. - Anne Marie O'Donovan achieved 87,134,115 votes, representing 98.90% in favor, with 968,122 votes withheld [2]. - Colin Robertson received 87,144,256 votes, equating to 98.91% support, with 957,981 votes withheld [2]. - Maryse Saint-Laurent garnered 87,247,607 votes, or 99.03% in favor, with 854,630 votes withheld [2]. - Paul Soubry achieved 87,158,525 votes, representing 98.93% support, with 943,712 votes withheld [2]. - Jannet Walker-Ford received 87,320,307 votes, equating to 99.11% in favor, with 781,930 votes withheld [2]. - Katherine Winter garnered 87,332,026 votes, or 99.13% support, with 770,211 votes withheld [2]. Group 2: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, offering a wide range of sustainable drive systems including zero-emission electric, natural gas, electric hybrid, and clean diesel [3][4]. - The company employs nearly 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [4]. - NFI's common shares trade on the Toronto Stock Exchange under the symbol NFI, and its convertible unsecured debentures trade under the symbol NFI.DB [4].
Zoomcar Announces Trading on OTCQX Best Market
Globenewswire· 2025-05-08 11:00
Core Points - Zoomcar Holdings, Inc. is transitioning its common shares and warrants from Nasdaq Global Markets to OTCQX Best Market and OTCQB Venture Market, respectively, under the ticker symbols "ZCAR" and "ZCARW" [1] - The transition to OTCQX is expected to ensure continuity in trading and support Zoomcar's mission of providing affordable and flexible transportation solutions [2] - Zoomcar aims to list on a national exchange in the U.S. later this year [2] Company Overview - Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for self-drive car sharing in India [3] - The platform connects Hosts with Guests, offering a selection of cars at affordable prices, promoting sustainable transportation solutions [3]