XIANGXI, China, Nov. 3, 2023 /PRNewswire/ — On November 3, the Shibadong Forum on Poverty Reduction and Development, with the theme of "Poverty Reduction Experience Sharing for Building a Beautiful and Harmonious Countryside," was hosted in the Xiangxi Tujia and Miao Autonomous Prefecture in Hunan Province, China. The forum was organized by China International Communication Group and the Publicity Department of the CPC Hunan Provincial Committee, brought together over 200 guests, including diplomats from nearly 30 countries, think tank experts, representatives of international organizations, and government officials, to discuss and exchange ideas.

Shibadong Forum on Poverty Reduction and Development Held in Xiangxi, Hunan

From November 3 to 5, 2013, during his visit to Hunan, Xi Jinping, General Secretary of the Communist Party of China, President of the People’s Republic of China, and Chairman of the Central Military Commission, introduced the concept of "precision poverty alleviation" for the first time in Shibadong Village, Huayuan County, which led China to launch an all-out battle against poverty. This initiative, covering nearly one-fifth of the world’s population, resulted in the historic eradication of absolute poverty in China, a decade ahead of the United Nations’ 2030 Sustainable Development Goals for poverty reduction.

Today, Shibadong Village serves as a symbol of China’s achievements and experiences in poverty alleviation. The Shibadong Forum on Poverty Reduction and Development reflects China’s continued commitment to rural revitalization and development while addressing poverty, which holds global importance as it contributes to the broader goal of poverty reduction and development worldwide.

Guests at the forum acknowledged China’s remarkable success in poverty eradication, recognizing it as a significant contribution to global poverty reduction.

François Nkuna Balumuene, the Ambassador of the Democratic Republic of the Congo to China, highlighted the challenges and crises that humanity continues to face. While today’s society is generally wealthier than before, it still faces issues of poverty. He commended China’s efforts in eradicating poverty and sharing its experiences with the world, which has made a substantial contribution to global poverty alleviation.

Oliver Wonekha, the Ambassador of the Republic of Uganda to China, expressed gratitude for China’s active participation in global poverty reduction efforts. "China has extended a hand of friendship to the world and established partnerships. Through these efforts, we collectively share the hope for poverty reduction and can benefit from China’s experiences in alleviating poverty." she added.

Source : Shibadong Forum on Poverty Reduction and Development Held in Xiangxi, Hunan

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RANCHO CUCAMONGA, Calif., Nov. 3, 2023 /PRNewswire/ — Rattan, a renowned name in the fat tire electric bike industry, is proud to announce the launch of its latest innovation – the Rattan Quercus, a cargo ebike with extended range and high weight capacity. This cutting-edge long-distance ebike is revolutionizing commuting for trips up to 100+ miles, especially carrying ebike cargo. Advanced features make the Quercus the natural choice for commuters, shoppers, and anyone seeking an eco-friendly and convenient transportation solution.

Rattan Quercus – Premium Long-Range Cargo eBike for a Better Commute

Rattan Quercus – Best Budget Electric Bike for Family Use

The Rattan Quercus dual battery feature has been highly anticipated as commuters and leisure riders enjoy longer trips carrying more weight in ebike cargo.

"I’m finally able to make my longer commute comfortably without having to rely on transit schedules. The longtail bicycle design and cargo capacity of up to 450lbs of the Quercus means I can easily take my work materials with me." ~ Rattan Quercus Cargo Ebike Enthusiast

The Rattan Quercus fat tire electric bike is for everyone with a 1200w (peak) motor, Class-3 speed (Top Speed 30mph), and 48V 20AH Samsung Cells Battery.

Key Features and Advantages – Robust, Reliable, and Resilient

With impressive features and exceptional performance, the Rattan Quercus promises to set new benchmarks as the best budget electric bike in the eco-conscious urban mobility community.

Dual Battery – The core of the Quercus long-distance ebike is the lockable 48v, 960wh, 20ah battery with BMS. The optional dual battery (20ah+20ah) design increases the battery life of the electric bicycle. Enjoy longer rides without frequent recharging with a total capacity of 40 Ah. This impressive energy storage capacity offers an extended range for longer distances and more riding time without power concerns. Commute or explore without worrying about a low battery!

Torque Sensor – The torque sensor’s precise control and real-time responsiveness improve the handling and safety of the Quercus electric bicycle. Riders have greater power output control to quickly adapt to various road conditions and changing riding environments. The Quercus has ample torque to accelerate rapidly with smooth performance on all kinds of terrain.

Hydraulic Suspension Fork – Agile, stable, advanced, and safe, the Quercus Hydraulic Suspension Fork offers more precise adjustments for increased stability and improved reaction times to sudden changes in road conditions.

Tail Light Turn Signals – Quercus riders easily communicate turns in advance with enhanced visibility tail light turn signals. Tail light turn signals provide greater safety and visibility, so many areas have implemented regulations that ebike riders use rear turn signals, like other vehicles. Quercus turn signals follow these regulatory compliance requirements.

Display & APP – A highly visible LCD screen displays speed, power, mileage, etc. Charge a smartphone on the go with this high-tech, innovative, customizable solution.

More Features –

750w 48V Shengyi Brushless Rear Hub Motor, 1200W (Peak) Thumb Press Throttle LCD Color Screen & APP Sync Controllable Tail Light Turn Signals Magnesium Alloy Wheel 80NM for Climbing Performance Weight: 82 lbs Battery UL 2849 & 2271 Rated, 20AH Samsung 21700 Battery Cells Semi-Integrated Battery Position Up to 80 Miles with 1 Default Battery, More Than 100 Miles with Dual Batteries Top Speed: 30MPH 3 Modes 5 Levels Pedal Assist 4.5A Charger Charging Time 4-5 Hours Step-Thru Frame Non-Foldable Frame 450lbs Payload Capacity 25A Sin Wave Controller Hydraulic Disc Brakes Shimano 8-speed Gear Shift System Hydraulic Suspension Front Fork with Locking Adjustable Travel of 80mm Fat Tires 20*4 Regular Seat Post 30.4mm X 350mm Oversized, Extra Bright Integrated Headlight Rider Height Recommendation 5’3" to 6’5"

About Rattan Ebikes

Rattan is an affordable ebike company committed to cargo electric ebikes for sale that caters to the eco-conscious family electric bike rider. Ebiking is not just a sport but a lifestyle! Rattan is dedicated to sustainability, affordability, and innovative technology, building better for the next generation.

Rattan began as a bicycle manufacturer, transforming into a manufacturer of electric bicycles. With over 10 years of manufacturing technology and experience, the robust R&D team is the foundation that has made Rattan an industry pioneer. Rattan constantly improves products and technologies, playing a vital role in making the world more space-efficient and sustainable and reducing carbon emissions.

As an integral part of the ebike industry, Rattan’s research uncovered the need for commuters to find an ideal electric bike for daily commutes. The Quercus cargo design provides an optimal balance between durability and efficiency, crafted to be the prime option for commuter needs with an extra bright headlight, large cargo capacity, and extended trips of up to 100 miles with the optional dual battery setup.

Visit www.rattanebike.com   for more information about Rattan. Visit https://www.rattanebike.com/products/quercus for more details about the new Quercus fat tire cargo ebike. Follow Rattan on Facebook, Instagram, YouTube, and Twitter.

Media contact
ERIK YAM
[email protected]

Source : Rattan Launches the Quercus – Premium Long-Range Cargo Ebike for a Better Commute

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SINGAPORE, Nov. 2, 2023 /PRNewswire/ — Mediwave, an emerging leader in healthcare technology, marked a significant milestone with the introduction of its cutting-edge end-to-end Emergency Response suite and the Smart Connected Ambulance, featuring AI and Mixed Reality technology in Malaysia. This groundbreaking suite of digital healthcare solutions were unveiled at the Digital Nasional Berhad’s (DNB) 5G Experience Centre in Malaysia, underscoring its strategic significance in the healthcare industry and the event was officiated by YB Fahmi Fadzil, Minister of Communications and Digital, Malaysia.

Live demonstration of the AI-Powered Emergency Rescue – Smart EMT Solution with Mixed Reality Tech

Going beyond the conventional Emergency Response Management Systems (ERMS), Mediwave’s healthcare suite integrates Smart EMT (Emergency Medical Technician) and Smart Ambulance technologies, providing real-time guidance to EMTs during pre-hospital emergency treatment. It leverages the capabilities of Microsoft HoloLens and seamlessly integrates with IoMT devices enabled with HL7 Standard. Furthermore, an AI-powered speech-to-text transcriber streamlines case note creation and automates support for EMTs in Electronic Patient Care Reporting (ePCR).

Suren Pinto, Chief Executive Officer of Mediwave Pte Ltd., who attended the launch, expressed, "It was an excellent opportunity for us to introduce our industry-proven, future-ready, and scalable digital healthcare technology during the DNB 5G Experience Centre launch, underlining our keen interest in the USA and APAC markets."

Leveraging 5G, Enhanced Mobile Broadband (EMBB), and Internet of Medical Things (IoMT) devices, these innovations herald a new era of proactive healthcare. It elevates the experience of patients, healthcare providers, governments, and communities, equipping healthcare professionals with the necessary tools for precise visual assessments, faster patient care, and timely interventions to minimise fatalities and long-term damage.

Reza Aniff, Chief Operating Officer of Mediwave Pte Ltd., emphasised, "In medical emergencies, time is of the essence and an absolute imperative. While many healthcare transformation concepts exist, Mediwave’s innovation is poised to blaze a new trail, rapidly reshaping the future of healthcare. Representing the pioneering industry-ready end-to-end platform of its kind in Southeast Asia, we are set to usher in an era of immersive and scalable digital healthcare that will profoundly enhance lives worldwide."

About Mediwave:

Headquartered in Singapore, Mediwave is a leading-edge digital healthcare solution provider propelling innovation and digitalisation in the rapidly evolving Digital Healthcare ecosystem. Through the integration of AI, Big Data, IoMT, and Mixed Reality technologies, Mediwave offers a comprehensive suite of Digital Health Solutions, including an ERMS, Smart EMT, and Connected Ambulance.

Source : Mediwave Unveils AI-Powered Emergency Response Suite and Smart Ambulance with Mixed Reality Tech in Malaysia

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OKLink is also set to provide DigiFT with Anti-Money Laundering (AML) solutions through the partnership

HONG KONG, Nov. 3, 2023 /PRNewswire/ — DigiFT, the leading regulatory-compliant real-world asset ("RWA") exchange, and OKLink, a global provider of Web3 on-chain data and compliance solutions, today announced strategic partnership to empower the accessibility of regulatory-compliant RWA on-chain . The two-fold partnership will see DigiFT offering OKLink Trust’s clients the option to subscribe to DigiFT’s issued regulatory-compliant RWA tokens via the OKLink Trust platform and at the same time, OKLink is set to provide its OnChain AML solution to enhance security of DigiFT’s on-chain data and on-chain Anti-Money Laundering (AML) controls.

Known for its commitment to bringing safe and reliable RWA assets on-chain, DigiFT has successfully issued several distinctive regulatory-compliant products to-date, including Ethereum Staking Token, US Treasury Token, Perpetual Bond Referenced Token, and Corporate Note Security Token.

As part of the partnership, eligible clients on the OKLink Trust platform can subscribe to regulatory-compliant RWA issued by DigiFT, like DigiFT’s U.S. Treasury Token ("DUST"), the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain. Backed by a single U.S. Treasury note with a specific maturity date, DUST offers accredited and institutional investors an on-chain channel to invest in U.S. Treasuries, with the physical U.S. Treasuries custodised with a licensed broker-custodian in Singapore.

Additionally, the partnership also marks a significant milestone for OKLink’s expansion in Singapore. OKLink’s RegTech solution, Onchain AML, consists of two features — Know your Transaction (KYT) and Know Your Address (KYA). KYT leverages OKLink’s extensive database to establish connections between on-chain addresses and real-world entities, helping to monitor risky transactions and identify malicious addresses, triggering alerts to meet the compliance and risk management requirements of Virtual Asset Service Providers (VASPs). KYA, on the other hand, identifies, analyzes, assesses, and categorizes the risk types associated with on-chain addresses, assisting regulatory bodies in digital asset investigations and aiding businesses in preliminary risk assessment, thereby enhancing transparency in digital asset transactions. With the integration of Onchain AML, DigiFT is able to surveil high-risk transactions and suspicious addresses at scale, preventing the occurrence of illicit on-chain activities.

"The partnership with OKLink is one of significance for us as it showcases our commitment to enhance our anti-money laundering controls in line with the highest standards of regulatory compliance. The widespread adoption of digital assets is contingent on trust, and that can only be achieved if robust frameworks are in place to provide customers with the highest possible level of security," said Henry Zhang, Founder & CEO of DigiFT. "As a regulatory-compliant RWA exchange, we are laser-focused on ensuring that our platform has all the necessary tools and capabilities to safeguard our customers’ assets. At the same time, we’re also using this opportunity to give customers of OKLink Trust access to regulatory-compliant tokenized real-world assets through the OKLink platform."

Mr. Jeffrey Ren, the Chairman of the Board and CEO of OKG Technology Holdings Limited, stated, "We are delighted to have partnered with DigiFT, which demonstrates our commitment to serving the compliant digital asset industry. Singapore is a vital market for OKLink, and this collaboration signifies a significant step in this dynamic market, laying a solid foundation for our future business expansion. We look forward to working closely with DigiFT to enhance public confidence in the entire digital asset industry and drive positive developments within the sector."

About DigiFT

DigiFT is the first and only regulatory-compliant exchange for on-chain real-world assets enrolled in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox.

Built on the Ethereum blockchain, DigiFT provides regulatory-compliant services for primary market origination and distribution as well as secondary market trading of asset-backed tokens. The assets backing these tokens include digital assets and real-world assets like bonds, equities, and units in collective investment schemes. DigiFT’s exchange provides liquidity through various channels, including the Automatic Market Maker (AMM) trading mechanism.

DigiFT’s founding team is a globally diverse group of executives with prior experience in the finance and fintech sectors at companies such as Citi, Bank of America, and Morgan Stanley. They also possess extensive knowledge of blockchain technology and a track record of successfully developing digital asset exchanges and products in the past.

About OKG Tech and OKLink

OKG Technology Holdings Limited (the "Company", together with its subsidiaries, the "Group", stock code: 1499. HK) is a listed company on the Main Board of the Stock Exchange of Hong Kong Limited. As a subsidiary of OKG Group, the Company is committed to building a globally leading blockchain technology enterprise that connects a brighter future through technology.

By focusing on the development of applications based on blockchain, big data, and AI, the Group’s Web 3 comprehensive data analysis platform, OKLink, currently offers a range of products, which includes blockchain explorer ("Explorer"), on-chain anti-money laundering solution ("Onchain AML"), all-in-one investigative and traceability platform ("Chaintelligence") for regulators, and robust OpenAPI service to support the positive development of the industry.

In addition, the Group also provides virtual asset trust and custody services and operates proprietary trading in the virtual assets. In Hong Kong, the Group is registered as a trust company with a trust or company service provider (TCSP) license and holds a money lender license.

Source : Singapore-Based RWA Exchange, DigiFT, Partners with OKLink to Announce a Strategic Partnership to Empower the Accessibility of Regulatory-Compliant RWA On-Chain

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TAIPEI, Nov. 3, 2023 /PRNewswire/ — TÜV Rheinland has launched a new "Eye Comfort" star-rating certification for testing displays. For the certification, TÜV Rheinland experts test and classify displays in terms of eye comfort within a 5-star rating system. Especially for people who spend a lot of time in front of a computer screen and are particularly health conscious, this system offers transparent assistance in monitor selection. Starting in November, Dell Technologies will be the first company to launch two new Dell UltraSharp displays with the new "Eye Comfort" certification with top ratings.

Transparent rating system – 15 test categories   
The classification system developed by TÜV Rheinland offers consumers complete transparency in terms of test criteria and results, summarized in an intuitively understandable 5-point scale. The "Eye Comfort" certification process examines three technical dimensions (image quality, ambient light management, eye care technology) and 15 different test categories that have shown to have a significant impact on eye comfort. "Features like good image quality, high refresh rate and good ambient light management, such as intelligent brightness and CCT adaptation to ambient light, help reduce visual fatigue", explains Stanley Liu, display certification expert from TÜV Rheinland. "For example, the higher the refresh rate, the smoother the image and the higher the eye comfort and the corresponding score." Note here: Only if a screen achieves a 5-star rating in all 15 categories will the overall result also be a 5-star rating. Consumers can access a detailed presentation of the different test categories via TÜV Rheinland’s Certipedia certificate database. A corresponding QR code or the ID of the test seal is printed on the packaging of correspondingly certified products.

5 stars: What are the features of displays that are particularly easy on the eyes and comfortable to use? 
For example, a 5 Star "Eye Comfort" Certified monitor has a high refresh rate (≥ 120 Hz) and high color accuracy. It also has hardware to reduce blue light and flicker, as well as brightness and color temperature control for ambient lighting. These features enhance health protection and reduce visual fatigue.

Health relevance and determination of test criteria of the "Eye Comfort" certification
In recent years, rapid advances in display technology have led to significant developments in display quality in terms of pixel density, color accuracy, consistency, color space coverage and refresh rate. To keep pace with these advances in IT product development, TÜV Rheinland has fundamentally revised its existing certifications. The new generation of eye comfort certification is no longer limited to the old low blue light or flicker-free labels. Instead, it is a completely redesigned test standard that covers a broader range of safety indicators, such as ambient brightness, color temperature adjustment and regulation, and brightness uniformity. A device with an "Eye Comfort" Certification by TÜV Rheinland assures consumers that it meets the highest standards for eye protection technology.

TÜV Rheinland’s "Eye Comfort" classification system for monitors is based on the report on the ergonomics of high refresh rate monitors published by the LHFE (National Key Laboratory of Human Factors and Ergonomics) in 2023, as well as TÜV Rheinland’s own technical standards – with more than 15 years of experience in display safety testing.  More information: https://www.tuv.com/world/en/eye-comfort.html

Source : Screen health: New "Eye Comfort" Certification from TÜV Rheinland

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KAOHSIUNG, Nov. 3, 2023 /PRNewswire/ — Silicon Carbide (SiC) is pivotal in semiconductors, with E&R Technology committed to boosting process yields via vital SiC integration solutions. SiC surpasses silicon with high-temperature resilience, superior voltage tolerance, potent power capabilities, and minimal losses, making it ideal for automotive and 5G industries.

E&R SiC Solution

While SiC wafers mainly come in 4-inch and 6-inch sizes, efforts are ongoing to develop 8-inch and 12-inch wafers, despite process yield challenges. Tier 1 IDM manufacturers like ONSEMI, Infineon, and Bosch are announcing expansion and product plans for 2024-2025.

E&R collaborates with global industry leaders and suppliers, offering key SiC integration solutions:

Laser Annealing: E&R deploys ultra-short wavelength lasers with their self-developed accelerated optics solution (ACES) for precise and uniform shallow annealing.

Wafer ID Marking: With over 30 years of laser expertise, E&R employs a 355nm UV laser, designed for SiC, meeting precision and throughput demands. It works for 6-inch, 8-inch, and 12-inch wafers, both topside and backside.

Wafer Dicing and Grooving: E&R uses industry-leading Pico second and Femto second laser technologies for cutting and grooving, achieving a minimum cut width of 3um. Combined with mechanical breaking technology, their machines achieve an accuracy of ±1um, and successfully reduce wafer chipping and cracking while minimizing the heat-affected zone (HAZ) with recast thickness below 2um.

Raman Spectroscopy: In collaboration with world-leading wafer foundries, E&R introduces Raman spectroscopy technology. By illuminating wafers with laser light on their surface or within, they induce Raman scattering, allowing effective waveform analysis to obtain fundamental information about wafers like internal stress, lattice structure, cracks, and element concentrations. This technology enables customers to comprehensively assess and adjust process parameters, reducing losses due to various defects, ultimately improving process yield.

Plasma Treatment: E&R provides various plasma treatment technologies, including LF, RF, and microwave plasma sources. These ensure a highly uniform cleaning process for wafers before wire bonding and molding, resulting in high surface hydrophilicity and a water contact angle of less than 10 degrees. Additionally, E&R proposes a plasma decarbonization solution to reduce carbon layers, thereby strengthening the subsequent backside metallization process.

E&R will continue to collaborate with customers and explore possibilities to achieve more efficient manufacturing processes, contributing to the future development of the semiconductor industry.

During Nov.14th-17th, E&R will exhibit in Semicon Europa at Messe München. Please stop by Booth# B2378 to have fruitful discussion with E&R.

E&R Website: https://en.enr.com.tw/ 

Media Contact:[email protected].tw

Source : E&R: Leading SiC Process Integration Advance Solutions for Process Yield Enhancement

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SINGAPORE, Nov. 3, 2023 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that the Board of Directors has appointed Mr. Wong Hong Wai as a member of Audit Committee and Mr. Xie Tao as a member of Compensation Committee.

Mr. Wong Hong Wai was appointed as a Director of the Company on March 1, 2023 and was subsequently re-designated as Independent Director on April 21, 2023. With Mr. Wong’s appointment as an Audit Committee member, the Audi Committee of the Company shall consist of three independent members.

Mr. Xie Tao is an Independent Director of the Company and Guangxi Yuchai Machinery Company Limited, the Company’s main operating subsidiary in China.  Mr. Xie is also the Chairman of the Audit Committee of the Company.  With Mr. Xie’s new appointment, the Compensation Committee of the Company shall consist of three members, the majority of whom are independent.

The Board of Directors of the Company believes that the extensive business and management experience of Mr. Wong and Mr. Xie will contribute towards the competencies of the respective Committees.  

About China Yuchai International

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China.  GYMCL also produces diesel power generators.  The engines produced by GYMCL range from diesel to natural gas and hybrid engines.  Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China.  Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support.  In 2022, GYMCL sold 321,256 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai group of entities’ operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai’s Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information:

Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: [email protected] 

Source : China Yuchai Announces Board Committee Changes

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WUHAN, China, Nov. 3, 2023 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30, 2023 on Friday, November 10, 2023, before the market opens.  Management will conduct a conference call on November 10th at 8:00 A.M. EST/9:00 P.M. Beijing Time to discuss these results.  A question and answer session will follow management’s presentation.

To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 235512:

Phone Number: +1-888-506-0062 (North America) 
Phone Number: +1-973-528-0011 (International) 
Mainland China Toll Free: +86-400-120-3199

A replay of the call will be available on the Company’s website in the investor relations section.

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 6 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Fiat Chrysler Automobiles ("FCA") and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. 

Forward-Looking Statements

This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 30, 2023, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
Email: [email protected] 

Kevin Theiss
Investor Relations
Tel: +1-212-510-8922
Email: [email protected] 

Source : China Automotive Systems to Announce Unaudited 2023 Third Quarter Financial Results on November 10, 2023

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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