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The 1st Global New Energy Vehicle Cooperation And Development Forum (GNEV2024) Held in Singapore from June 27 to 28

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BEIJING, July 2, 2024 /PRNewswire/ — The 1st Global New Energy Vehicle Cooperation And Development Forum (GNEV2024), hosted by the Global Renewable Energy & Electric Mobility (GREEM in preparation), was successfully held in Singapore from June 27 to 28. It brought together hundreds of attendees, including government leaders from various countries, international organizations, heads of industry bodies, academicians, experts, and relevant enterprise representatives across the industry chain.

With a focus on win-win cooperation in the global NEV industry, they discussed how to navigate the green, low-carbon, and intelligent development of the automotive industry, thereby fostering a highly internationalized framework for opening-up and cooperation.

The forum was supported by GlobalFoundries and partnered with China EV100, REPT BATTERO, Feishu, Jingneng New Energy Technology, BYD, AAC Technologies, CUSC, and Gotion High-Tech.

At the high-level forum on June 28, government officials, experts, and industry professionals shared insights about global NEV development and innovation trends.

General. (ret.) Dr. Moeldoko, Chairman of PERIKLINDO (Indonesia Electric Vehicle Industry Association) and Chief of Presidential Staff of the Republic of Indonesia, highlighted Indonesia’s abundant reserves of nickel and other raw materials crucial for EV, and supporting policies to accelerate the development of power battery and EV industries. Given this competitive edge in EV development, the nation will dedicate further efforts to developing charging infrastructure.

Dusit Anantarak, Director of Information Technology and Communication Center, Office of Permanent Secretary, Ministry of Industry (Thailand), was also bullish about the future EV market. He noted that to achieve sustainable development goals, Thailand introduced a development strategy in 2017 for next-generation vehicles, encompassing HEV, PHEV, EV, and FCEV. The country strives to build itself as an automotive production base in Asia.

As a manufacturing hub in Southeast Asia, Malaysia aims to benefit from EV development. Vinothan Tulisi Nathzan, Director of Malaysian Investment Development Authority (MIDA) Singapore, stated that Malaysia has introduced relevant development strategies with the goal of becoming a regional hub for EV manufacturing. Relevant incentives for EV charging infrastructure development have been implemented to promote EV widespread adoption and carbon emissions reduction in the transportation sector.

C.C. Chan, Academician of Chinese Academy of Engineering and Fellow of Royal Academy of Engineering, U.K. applauded the policies of various governments for NEV development. He emphasized the importance of concurrent advancement in policies and technology, and the critical role of technology innovation and R&D. The future will witness widespread deployment of charging infrastructure, advancements in battery technology, and integration of autonomous driving technologies.

“The penetration rate of new energy passenger vehicles is expected to reach 50% by 2030,” said Zhang Yongwei, Vice President and Secretary General of China EV100. He emphasized the promising trend of global NEV development against the backdrop of green development imperatives and increasingly urgent climate actions. Countries worldwide prioritize NEV development as a crucial means to reduce carbon emissions in transportation. The global NEV sector is experiencing accelerated development in three aspects: market expansion, technological iteration, and function evolution.

Mike Cadigan, Chief Corporate and Government Affairs Officer of GlobalFoundries, highlighted the substantial and genuine potential of the EV market. He forecasted that by 2030, driven by rapid growth in the automotive and related industries, the global semiconductor market is projected to exceed USD 1 trillion. GlobalFoundries’ semiconductor ecosystem, developed over more than a decade, now spans across the globe in foundry services.

Xie Xin, CEO of Feishu, an advanced enterprise collaboration and management platform, noted the inevitable compliance challenges for enterprises venturing into international markets. Some enterprises struggle with this even before achieving profitability. Through long-term client service experiences, Xie identified clear requirements for enterprises in such areas as data privacy and security, cross-border data transfer, and data retention when growing globally. Feishu has developed a range of solutions to help enterprises meet these compliance needs effectively.

Sun Maojian, Vice Chairman of Hunan Jingneng New Energy Technology Co., Ltd. pointed out that the evolvement of the EV industry has driven the globalization of EV charging and battery swapping infrastructure. As a charging equipment manufacturer and solution provider, Jingneng New Energy Technology aims to collaborate with enterprises worldwide to share core technologies.

The attendees highly praised GlobalFoundries’ technical capabilities after a visit to its fab in Singapore on the morning of June 27 prior to the forum.

Three seminars with different themes were concurrently held during the forum, including the Inaugural Ceremony of the GREEM and Global NEVs Industry Policy and Development Seminar, Seminar on the Coordinated Development of Global NEVs Industry Chain, and ASEAN-China Seminar on Building an NEVs Ecosystem.

Attendees at GNEV2024 agreed that automotive enterprises should strengthen cooperation to jointly promote innovative development of the global NEV industry, thereby advancing the green, low-carbon, and intelligent transition of the global automotive industry.

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SOURCE GREEM

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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53 mins ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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