MINNEAPOLIS, Sept. 19, 2024 /PRNewswire/ — Global business travel and events prices appear to be moderating following the dramatic increases seen in recent years. The 2025 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel Association (GBTA), the world’s largest business travel trade organization, reveals that while costs will continue to rise, the pace of these increases will be notably slower through 2024 and into 2025.

This reflects a stabilization in market conditions and a more balanced growth trajectory, according to the report, which uses anonymized data generated by CWT and GBTA, with publicly available industry information, and econometric and statistical modelling developed by the Avrio Institute.

"While the past few years have seen significant volatility in travel costs, our latest data suggests a period of relative stability is on the horizon," said Patrick Andersen, CWT’s President & Chief Executive Officer. "Businesses can expect to navigate a more predictable pricing environment through 2024 and 2025, allowing for better budget planning and cost management. However, price regularity is fragile. The focus on geopolitical factors, inflationary pressures and ESG concerns remains critical."

Suzanne Neufang, CEO of GBTA, added, "The research shows that while a more stable period for travel costs is likely, businesses should remain vigilant to evolving pricing dynamics influenced by global trends. The next few years will require a strategic approach that balances cost management with sustainability, innovation, and responsiveness to market changes. At GBTA, our goal is to empower travel buyers and suppliers with the knowledge they need to adapt their strategies effectively in this shifting landscape."

KEY FINDINGS

GLOBAL YEAR-OVER-YEAR BUSINESS TRAVEL & EVENTS PRICE CHANGES ($USD)

(actual)

2023

(forecasted)

2024

(forecasted)

2025

Air – Average Ticket Price

-1.6% 

$688

+1.9% 

$701

+0.6% 

$705

Hotel – Average Daily Rate

+3.9%

$158 

+2.5%

$162

+1.9%

$165

Car – Daily Rental Rate

+3.0%

$44.30

+2.5%

$45.40

+2.4%

$46.50

Meetings & Events – Average
Cost-Per-Attendee Per Day

– 3.1%

$155

+4.5%

$162

+4.3%

$169

Source: CWT/GBTA 2025 Annual Global Business Travel Forecast (all pricing detailed within the report and this release is $ USD)

Air

In 2023, the global average ticket price (ATP) was $688, representing a slight decline of -1.6% from the previous year.

Europe, Middle East, and Africa (EMEA) recorded an ATP of $785 last year, the highest of any region. North America (NORAM) was the region that saw the steepest growth rate, with the ATP climbing +4.3% to $777. Conversely, the ATP in Asia-Pacific (APAC) slumped -7% in 2023 to $488, following a meteoric post-pandemic rise the year before.

Demand for flights remains strong globally. A record 5 billion air passengers are expected in 2024, according to IATA, surpassing the 4.5 billion peak in 2019. Meanwhile supply chain constraints such as aircraft production issues and delays, as well as a focus on profitability, will also keep prices high.

The forecast indicates global ATP will increase to $701 (+1.9%) in 2024 and $705 (+0.6%) in 2025. NORAM is expected to record the sharpest increase globally this year with the ATP reaching $804 (+3.5%), followed by $808 (+0.5%) in 2025. The ATP in Latin America (LATAM) is forecast to climb to $673 (+2.6%) in 2024, and $684 (+1.6%) in 2025.

In EMEA, the ATP is projected to increase to $797 (+1.5%) in 2024 and $808 (+1.4%) in 2025, reflecting moderate growth amidst inflationary pressures. For Asia-Pacific (APAC), the ATP is expected to rise to $677 (+2.3%) in 2024, and to $688 (+1.6%) in 2025 as the region continues to ramp up intra-regional travel.

Hotel

The global average daily room rate (ADR) rose +3.9% in 2023 to $158, after a +30% rise in 2022. LATAM saw the biggest pricing gains in 2023, with the ADR increasing +10.7% to $93. APAC was not far behind, recording an ADR increase of +7.4% to $131.

Occupancy levels recovered to pre-pandemic levels in some markets, while the benefits from group business travel for meetings and events. However, there is still a lack of new hotel supply. These factors will continue to support elevated prices, with the global ADR forecast to +2.5% to $162 in 2024 and a further +1.9% to $165 in 2025.

ADRs in LATAM are projected to climb to $102 (+9.7%) in 2024 and $110 (+7.8%) in 2025, owing to various factors including healthy domestic and intraregional travel demand and broader inflation trends in the region. The ADR growth in APAC is expected to cool, reaching $136 (+3.8%) this year and $139 (+2.2%) next year. Smaller increases are anticipated in EMEA and NORAM as leisure demand softens.

Ground transportation

Car rental companies are offering greater versatility, including airport and railway transfers, as well as one-way intercity transfers. Meanwhile, the cost of buying and operating cars is easing, and fleet concerns have stabilized, so suppliers are keeping rates in check, to stimulate demand.

Global car rental prices rose +3% to $44.30 per day in 2023. LATAM saw the most pronounced increase, with prices shooting up +14.2% to an average of $35.30 per day. NORAM and EMEA saw more modest increases, with prices rising to $55.60 per day (+1.3%) and $48.80 per day (+2.5%), respectively.

Looking ahead, global price growth in 2024 will likely be tempered, slowing to +2.5%, with an average daily rate of $45.40. A similar growth rate of +2.4% is predicted for global rates in 2025, with prices rising to $46.50. LATAM is forecast to continue seeing sharp price gains of +11% in 2024 and +7.9% in 2025. On the flipside, APAC car rental rates are trending downwards, with prices expected to drop significantly by -6.8% in 2024, followed by a further -3.4% reduction in 2025.

Meetings and events

The meetings and events sector has rebounded strongly post-pandemic, with heightened demand for in-person engagements. In 2023, the average daily cost per attendee fell to $155, down from $160 in 2022, representing a -3.1% decline. This decrease can be attributed to a shift in types of meetings being held. Many organizations opted for smaller, more business-focused meetings, often without costly incentive components, to manage budgets more effectively. This focus on cost control, including selecting more affordable venues and destinations, helped offset rising accommodation and F&B prices.

Looking forward, the average daily cost per attendee is projected to increase to $162 in 2024, a +4.5% rise from 2023, and to approximately $169 in 2025, an additional +4.3% increase. This upward trend reflects the sector’s continued recovery and growing appetite for larger and more complex in-person events. As organizations anticipate rising costs, they are advised to plan with a 12-month horizon and consolidate travel and meetings spend to enhance negotiating leverage.

HELPING COMPANIES ASSESS THE IMPACT ON THEIR BUSINESS TRAVEL SPEND

To help businesses better understand how these price changes might impact their travel budgets, CWT has created a Forecast Calculator based on data from the report. The tool allows organizations to visualize and quantify how predicted price fluctuations across airfares, hotel rates, ground transportation, and meeting costs might influence their individual travel programs. Leveraging forecast projections, the Forecast Calculator provides a personalized assessment of travel spend, tailored to each organization’s unique travel patterns and objectives.

MARKING A DECADE OF INSIGHTS 

To commemorate this 10th edition of the Global Business Travel Forecast, CWT and GBTA have also produced a special supplement to the report, which will be released in the coming weeks.

The supplement envisions three potential trajectories for the future of business travel—Base, Boom, and Bust—between now and 2040. It predicts how key megatrends such as technological advancements, demographic shifts, sustainability pressures, and geopolitical volatility, will shape the way in which business travel is viewed, managed, and experienced in these three distinct scenarios. It also provides strategic recommendations for navigating these changes, emphasizing how organizations can adapt to emerging challenges and opportunities in the evolving business travel landscape.

For more detailed information, including regional breakdowns and in-depth insights on pricing trends, please view the full Global Forecast report.

-o0o-

NOTES TO EDITORS

1.      About the 2025 Global Business Travel Forecast

The insights in this report are derived from a comprehensive analysis of over 75 million ticketed flights, more than 135 million hotel room night bookings, and approximately 35 million car rentals, covering data from 2018 through the present. Projections are informed by advanced econometric and statistical models, including ARIMA models developed by the Avrio Institute, along with expert analysis from CWT and GBTA personnel. This detailed analysis captures evolving trends and offers forward-looking insights for 2024 and 2025.

For a deeper dive into the trends and forecasts outlined in the report, join us for an educational session at GBTA Convention 2024 (Bella Center, Copenhagen) on Tuesday, November 5, 2024 (2:00 – 2:45 PM CEST).

2.      About GBTA

The Global Business Travel Association (GBTA [gbta.org]) is the world’s premiere business travel and meetings trade organization headquartered in the Washington, D.C. area and serving stakeholders across six continents. GBTA and its 8,000+ members represent and advocate for the $1.48 trillion global travel business and meetings industry. GBTA and the GBTA Foundation deliver world-class education, events, research, advocacy and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. Visit www.gbta.org,  www.gbtafoundation.org, and follow us on Facebook, LinkedIn, Twitter, and YouTube.

3.     About CWT

CWT is a global business travel and meetings solutions provider, with whom companies and governments partner to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. A private company, CWT provides its customers’ employees with innovative technology and an efficient, safe, and sustainable travel experience. Follow us on Facebook, LinkedIn, and Twitter.

4.     About Avrio Institute

Avrio Institute helps CxOs and global executive teams understand how technological and economic shifts will impact their respective industries, companies, and business models. Avrio Institute works with a diverse group of companies – from scrappy start-ups to Fortune 100 giants – across technology, financial, entertainment, healthcare, industrial, media and advertising industries. Led by Dr. Shawn DuBravac, Avrio Institute helps clients discern technological, economic, and industry trends and transformations as they unfold.

Media Enquiries: 

CWT Public Relations
[email protected]

Source : Global business travel and events costs moderating in 2024, with continued modest increases in 2025

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Bata Celebrates 130 Years with a new Brand Campaign: "Make Your Way" 

LAUSANNE, Switzerland, Sept. 19, 2024 /PRNewswire/ — Bata, one of the world’s leading footwear companies, proudly celebrates its 130th anniversary with a new brand campaign named: "Make Your Way." This milestone marks a celebration of Bata’s rich heritage, and an exciting evolution aimed at positioning the brand as one of the top choices worldwide. 

Make your Way – Key Visual

A New Era for Bata

The "Make Your Way" campaign reflects Bata’s renewed focus on style, comfort, and affordability, aiming to attract a younger, trend-conscious audience while honouring its strong heritage. 

"This campaign is about inspiring self-expression and confidence. At Bata, we make shoes to accompany consumers as they create their own path in life and build their road to the future," says Sandeep Kataria, Global CEO of Bata. 

Strategic Vision

The new positioning, "Stylish, comfort-enhanced, affordable shoes for every side of you to make your way" aims to connect with today’s fashion-conscious consumers, to expand Bata customers base and drive further growth. It will be communicated through Bata’s key labels: "Bata", "Bata Comfit," and "Bata Red Label." This strategy positions Bata as the only major high-street footwear Retailer genuinely targeting ‘Every Side of You’ through authentic and heritage-rich in-house brands, covering every aspect of consumer life: dress, leisure and sport. 

Global Campaign Rollout

Developed with the agency &Rosàs, the global campaign includes media investments, in-store storytelling, and a redesign of Bata’s e-commerce and social media approach.

Special Initiatives

It will also feature do-good marketing efforts to inspire and support women across various disciplines. Starting in September in Europe, Bata will introduce a special 130th-anniversary edition of women’s ballerinas, supporting women in ballet and dance, fostering participation from diverse backgrounds, and aiding women facing economic challenges. The Ballerinas are a fashionable reinterpretation of the original Batovka, an innovative shoe launched in 1897 by Bata, which embodied the company’s vision about quality & affordability. 

About Bata Group

Bata is one of the world’s leading shoemakers, selling more than 150 million pairs of shoes annually. With comfortable fit, stylish designs, affordable prices, and responsible manufacturing, Bata customers can feel good in their shoes – from their head to their toes. Founded in 1894, the family-owned business operates in over 56 countries across five continents. Bata designs, manufactures, and retails its own footwear, constantly innovating to find the perfect fit. 

About &Rosàs

Founded in 2003, &Rosàs is a leading advertising and communications agency based in Barcelona, known for its consistency, market awareness, and loyalty. 

Press Contact 

Sarah Stocchetti
Global Corporate Communications at Bata Group 
E-Mail: [email protected] 
Mobile: +41 79 724 60 68 

Source : "Make Your Way" Bata unveils brand evolution

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International leaders and innovators convene to showcase advancements and foster industry-wide collaboration

HEFEI, China, Sept. 19, 2024 /PRNewswire/ — The 2024 World Manufacturing Convention, themed "Intelligent Manufacturing for a Better Future", will be held in Hefei, capital of China’s Anhui province, from September 20 to 23, 2024. The convention will feature a range of activities including an opening ceremony with keynote speeches, supply-demand matchmaking sessions for major industrial and supply chains, a centralized signing ceremony for key projects, official announcements, and a showcase of significant achievements.

A central feature of the event will be the 2024 China’s Manufacturing Power Forum, which aims to facilitate engaging dialogues and discussions on the forefront of industrial innovation. Noteworthy among the reports to be released is the "2024 China Top 500 Manufacturing Enterprises" list, highlighting leading technologies and groundbreaking products impacting both the global and domestic manufacturing sectors.

Hefei to Host 2024 World Manufacturing Convention

France has been named the guest of honor. For the first time, organizers anticipate that foreign delegates will make up over half of the key participants at the conference.

In parallel, the World Chambers and Business Associations Conference 2024 will be held, featuring activities for the Guest of Honor and a series of engaging events designed for international partners, aimed at building a global network of chambers and business associations to enhance economic and trade discussions, collaborations, and exchanges. Renowned experts, scholars, and entrepreneurs from across the globe will gather to participate in seminars and discussions focusing on the advanced development of manufacturing, sharing insights and devising a joint action plan.

The exhibition will display leading global manufacturing achievements, including the world’s first 25MW offshore wind turbine main bearing and the innovative Jinghua shield machine. Other showcased technologies include the ‘Qijiang No.2′ humanoid robot, Jiuzhou Yunjian’s LongYun rocket engine, Origin Quantum’s Wukong superconducting quantum computer, and FDS’ Hedianbao nuclear power system. This comprehensive event will also focus on the significant advancements of China’s manufacturing industries since the founding of the People’s Republic, with particular emphasis on developments in Anhui Province.

Representatives from all industries are invited to join us in Anhui and participate in the line-up of events, including symposiums on cooperation and development with state-owned enterprises, matchmaking sessions for emerging industries and multinationals, insightful exchanges with Hong Kong SAR and Macao SAR’s manufacturing sectors, cooperation promotion conferences for Taiwan region’s key industries, overseas Chinese entrepreneurship project matchmaking and the Chaohu Overseas Chinese Entrepreneurship Conference. Additionally, there will be networking activities focused on industry cooperation and exchanges in the private sector. By leveraging the convention’s robust supply-demand matching platform, we aim to maximize its potential as a catalyst for knowledge sharing and attracting investment.

With a focus on the low-altitude economy, advanced manufacturing, technological innovation, and the digital economy, we will host sector-specific events such as the 2024 Low-Altitude Economic Development Conference, General-Purpose AI Application Scenario Docking, Financial Empowerment for New Quality Productive Forces, and Data Element Innovation Showcase. The initiatives aim to enhance the synergy and integration of top-tier resources, fostering seamless development across innovation, industrial, capital, and talent chains.

Aligned with Anhui’s visionary "4433" industrial system blueprint, the convention aims to optimize and modernize traditional industries, nurture emerging sectors, and strategically prepare for future growth, while fostering sustainable development through strong project linkages.

The 2024 World Manufacturing Convention serves as a key platform for showcasing the latest advancements in manufacturing and fostering global industry collaboration. The event aims to enhance international exchanges, promote mutually beneficial partnerships, and drive the industry toward greater prosperity.

Source : Hefei to Host 2024 World Manufacturing Convention

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SHENZHEN, China, Sept. 19, 2024 /PRNewswire/ — On September 27, 2024, the "Third GMIF2024 Innovation Summit (Global Memory Innovation Forum)" will be held at the Renaissance Shenzhen Bay Hotel. The event is hosted by the Semiconductor Investment Alliance and the Shenzhen Memory Industry Association, co-organized by the Guangdong Integrated Circuit Industry Association and the Shenzhen Semiconductor Industry Association, and organized by JW Insights Consulting (Xiamen) Co., Ltd. and Haitong Securities Co., Ltd.

The Third GMIF2024 Innovation Summit, themed "AI Leads Memory’s New Momentum" and with a keen focus on storage and memory, connects upstream and downstream enterprises in the semiconductor industry chain and academia. The summit brings together heavyweight guests from listed companies, industry leaders, experts, and investment institutions, including Peking University, Micron, Western Digital, Solidigm, UNISOC, Intel, Silicon Motion, Victory Giant, BIWIN, Arm, iFLYTEK, Rockchip, Allwinner, Montage, InnoGrit, DISCO, LAM Research, AMAT, Skyverse, Loongson, LKAUTO, QUANXING, Micro-Nano, OKN, Maiwei, Tytantest, AttachPoint, Maxio, Silergy, Heyan Technology and more. Through keynote speeches, panel discussions, and other formats, the participating enterprises will share insights on cutting-edge technologies, innovative products, and market trends in the industry.

This gathering convenes key representative companies from across the industry chain, providing attendees with opportunities for in-depth discussions and exploring limitless possibilities for business collaboration. For application manufacturers, the summit serves as a frontline platform to acquire the latest technological trends and innovative solutions, empower product innovation and enhance market competitiveness. Furthermore, the summit will contribute to fostering efficient interactions between primary and secondary investment institutions and enterprises by featuring the participation of renowned listed companies and industry leaders.

About GMIF

GMIF (Global Memory Innovation Forum) is the most important annual event of Shenzhen Memory Industry Association (SMIA). The forum aims to build a globally-focused, professional platform for the storage industry to collectively explore new technologies, applications, collaborations, and emerging opportunities. The Third GMIF2024 Innovation Summit is scheduled to be held on September 27, 2024 at Renaissance Shenzhen Bay Hotel. Under the theme of "AI Leads Memory’s New Momentum", the summit aims to foster communication and interaction among both upstream and downstream enterprises in the storage industry. By promoting collaboration and complementary growth among industry partners, the GMIF seeks to help participating companies expand their product and brand reach and contribute to a thriving, win-win ecosystem in the global storage sector.

For more information about GMIF, please visit https://www.gmif.com.cn/.

Seek for Cooperation:
Ms. Liu, 18618416028, [email protected]

Media Contact:
Ms. Gu, 15064010336, [email protected]

Attendee Registration:
Mr. Mo, 17878125570, [email protected]

Source : Discover the Star-Studded Lineup for GMIF2024 Innovation Summit in Shenzhen on September 27

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SHENZHEN, China, Sept. 19, 2024 /PRNewswire/ — Recently TECNO and MediaTek have officially unveiled their joint AI laboratory in Shenzhen, marking a new chapter in their collaboration in pushing the boundaries of innovations in AI. By integrating their respective leading technological resources in the field of artificial intelligence, the two companies aim to accelerate the application and popularization of AI technology in smart terminals, creating a smarter and more convenient mobile experience for users in global emerging markets. The launch event was attended by Mr. Shi Tuanwei, General Manager of the TECNO TEX AI Center, Ms. Liu Longzhi, Global Head of PR at TECNO, Dr. Lu Zhongli, Deputy General Manager of MediaTek’s Computing and AI Technology Business Unit, and Mr. Li Shaoding, Associate Director of MediaTek’s Wireless Product Software Development Department.

In recent years, smartphones have become a vital platform for AI applications due to their mobility, extensive user base, comprehensive application ecosystem, and powerful processing capabilities. The newly established AI joint laboratory will focus on innovative applications of large language models, intelligent agents, AI assistant, and imaging on mobile devices. It aims to provide more edge deployment and optimization solutions for generative AI, promoting the exploration and development of AI-powered services and mobile applications for the masses.

As a leading smartphone brand in emerging markets, TECNO continues to accelerate its AI technology deployment, exploring large models, connectivity technologies, AIGC imaging technologies, and AI voice assistant technology in many minority languages. TECNO’s AI vision is to create practical AI that seamlessly integrates into users’ daily lives. Its innovative AI assistant, Ella, serves as a smart companion, helping users manage daily tasks efficiently and providing diverse support from intelligent Q&A and schedule planning to photo editing. Ella’s main features, such as AI writing, translation, and search, are deeply integrated with localized language recognition and local life applications, making it a comprehensive intelligent assistant for users in emerging markets worldwide.

In this collaboration, TECNO will leverage its extensive experience in the smartphone industry in emerging markets, unparalleled insights into local life scenarios, and AI technological advantages to provide robust algorithm and application support for the laboratory. Meanwhile, MediaTek will use its leading chip design capabilities and powerful computing platform to drive the efficient operation of AI algorithms, jointly promoting innovation and breakthroughs in edge AI technology.

Mr. Shi Tuanwei, General Manager of the TECNO TEX AI Center, stated, "AI technology is leading the wave of technological development over the next twenty years, bringing a new round of technological innovation and development opportunities for smartphones. Through the establishment of this joint AI laboratory, TECNO and MediaTek will integrate model, algorithm, and software and hardware development resources to further enhance the AI application experience of smart terminal devices, bringing a new generation of AI smartphones to users."

Dr. Lu Zhongli, Deputy General Manager of MediaTek’s Computing and AI Technology Business Unit, said, "Generative AI, multimodal, and agent intelligence are the three major trends in AI’s future development. MediaTek hopes to work with more ecosystem partners to jointly build a new AI ecosystem from the cloud to the terminal. By leveraging TECNO’s algorithm advantages and MediaTek’s mobile computing platform, the AI joint laboratory will jointly explore and drive the development of edge AI technology, revolutionizing the terminal application ecosystem."

The establishment of this AI joint laboratory marks a significant collaboration between TECNO and MediaTek in the field of AI, further promoting the deep integration of smartphones and AI, accelerating the smartphone industry’s progress towards a new AI era, and redefining users’ smart phone experiences. Through this cooperation, TECNO will further deepen its pioneering leadership to bring AI accessible to global emerging market, to enhance better productivity, provide more practical value, and offer easier creative fun.

For any related media queries, please contact [email protected]

About TECNO

As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of smartphones, smart wearables, laptops and tablets, HiOS operating systems and smart home products. Guided by its brand essence of "Stop At Nothing", TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.

Source : TECNO and MediaTek Established Joint AI Laboratory to Accelerate Innovation in AI Technology

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STAFFORD, Texas and HANNOVER, Germany, Sept. 19, 2024 /PRNewswire/ — Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast", the "Company", "we" or "our"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is advancing the adoption of electric commercial vehicles by launching its latest high-performance battery solutions at IAA Transportation 2024. The new lineup includes the introduction of silicon-based HnSO Cells, Lithium Titanate Oxide (LTO) Cells, and the third-generation MV-I Pack, offering an unprecedented combination of energy density, safety, and sustainability.

Microvast’s advanced battery solutions are designed to meet the rigorous energy demands of commercial transportation, enabling manufacturers to accelerate their shift to cleaner, more efficient electric powertrains.

Technological highlights and new products at IAA Transportation 2024:

HnSO Cells (introduction of silicon-based cell technology): With an energy density of 300 Wh/kg, these cells provide high energy density, long cycle life (exceeding 4,000 cycles), and reduced total cost of ownership (TCO), making them ideal for long-range BEV and HEV applications. Lithium Titanate Oxide (LTO) Cells: Known for their enhanced safety and long cycle life of up to 20,000 cycles, LTO cells offer an energy density of 100Wh/kg, optimized for ultra high-power applications in challenging environments. Third Generation MV-I Pack: A robust, lightweight, turn-key solution featuring up to 200 Wh/kg energy density and over 5,000 full cycles. The MV-I Pack also integrates Microvast’s 5th generation Battery Management System (BMS), ensuring compliance with ISO 26262 ASIL-C and advanced cybersecurity standards.

Additionally, Microvast introduces our fifth generation Battery Management System (BMS 5.0). BMS 5.0 is engineered for maximum functional safety, adhering to ISO 26262 ASIL-C standards and ISO/SAE 21434:2021 cybersecurity standards. This system ensures the highest levels of safety and security for electric vehicle operations.

Microvast’s latest comprehensive solutions for electric commercial vehicles contain an array of cell, module, and pack solutions, providing a one-stop solution for electric commercial vehicle applications with various operational profiles. With vertical integration from raw materials to turn-key solutions, Microvast offers scalable and versatile products tailored to meet the specific needs of different commercial operations.

"Our new battery technology marks a significant advancement for electric commercial vehicles, boasting increased energy density. The rapid charging capabilities facilitate enhanced mobility, while the cycle life is reliably extended. We’re driving the future of electric mobility with solutions that improve efficiency and reduce emissions," said Dr. Wenjuan Mattis, CTO of Microvast.

Faster innovation, tailored customization, and exceptional quality: the future of e-mobility

Microvast’s vertically integrated model allows for complete control over all phases of development, from R&D to manufacturing. This unique model allows for faster innovation, tailored customization, and exceptional quality, providing commercial vehicle manufacturers with complete, scalable solutions that meet their specific operational needs.

Reduced carbon emissions as a commitment to sustainability

Microvast’s mission is rooted in sustainability. The company is dedicated to advancing battery technology to accelerate the adoption of electric vehicles, reduce carbon emissions, and contribute to a greener planet. With over 17 years of manufacturing expertise, more than 30,000 installed battery systems worldwide, and a global presence in over 34 countries, Microvast acts as a trusted partner in the global transition to sustainable transportation.

For more information, please visit www.microvast.com 

E-mail: [email protected]

Source : Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024

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STOCKHOLM, Sept. 19, 2024 /PRNewswire/ — The members of the Nomination Committee for AB Electrolux Annual General Meeting in 2025 have now been appointed.

In accordance with decision by the Annual General Meeting, AB Electrolux Nomination Committee shall consist of five members. The Nomination Committee shall include members selected by each of the four largest shareholders in terms of voting rights that wish to participate in the committee, together with the Chairman of the AB Electrolux Board.

The members of the Nomination Committee have now been appointed based on the ownership structure as of August 31, 2024. Christian Cederholm, Investor AB, is the Chairman of the committee. The other members are Marianne Nilsson, Swedbank Robur Funds, Anders Hansson, AMF Tjänstepension och Fonder, and Carina Silberg, Alecta. The committee will also include Torbjörn Lööf, Chairman of AB Electrolux.

The Nomination Committee will prepare proposals for the Annual General Meeting in 2025 regarding Chairman of the Annual General Meeting, Board members, Chairman of the Board, remuneration for Board members, Auditor, Auditor’s fees and, to the extent deemed necessary, proposal regarding amendments of the current instruction for the Nomination Committee.

The Annual General Meeting will be held on March 26, 2025, in Stockholm, Sweden.

Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected]. 

For more information:

Oscar Stjerngren, Investor Relations, +46 70 879 87 69
Paul Palmstedt, Electrolux Group Press Hotline, +46 8 657 65 07

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240919 PR Nomination Committee appointed for AGM 2025

Source : Nomination Committee appointed for AB Electrolux Annual General Meeting 2025

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network