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Malaysia paves the way for an electrified automotive industry

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KUALA LUMPUR, Malaysia, July 23, 2024 /PRNewswire/ — As one of the largest automotive markets in Southeast Asia, Malaysia is a destination to watch in terms of how it sets to transform into a regional powerhouse for new energy vehicles and a pioneer of mobility solutions. The development of an Automotive High-Tech Valley (AHTV) should signal the country’s highly ambitious vision to promote digital transformation, tackle carbon emissions and spur on the adoption of new energy vehicles.

Already, sales of electric vehicles (EVs) are rising. According to the Malaysian Automotive Association (MAA), figures represent an increase of 112 percent from the same period of last year, reaching 6,617 units – a positive indication of a strong growth trajectory in the latter half of 2024[1].

As such, the entry of EV brands into the Malaysian market is set to expedite the progression of the entire automotive supply chain. It has led to the country becoming a honeypot for FDI amongst global automakers. For instance, the realisation of the AHTV is being spearheaded by a joint-venture between DRB-Hicom Bhd and Chinese counterpart Zhejiang Geely Holding Group Co Ltd. The AHTV expects to attract some RM 32 billion (USD 6.8 billion) worth of investments over the next 10 years[2]. Thus, the increasing presence of major manufacturers should lead to wider global players investing in the market to establish a foothold.

This growth is also fuelled by government initiatives and incentives, such as tax investment allowances and pioneer status, import and excise duty exemptions, road tax exemptions, subsidies on charging facilities, and more[3].

The transition is fusing into day-to-day life with the rise of e-commerce, ridesharing, and food delivery services becoming the norm. Consumers are also increasingly turning to online platforms for research, comparisons and purchases with door-to-door delivery. Additionally, consumers are demanding more personalised, connected and environmentally-conscious options.

These trends in lifestyle are introducing new opportunities to the entire automotive industry across OEM and aftermarket, powering the innovative advancements of digital adoption, customised service provisions, fleet management, route optimisation and more. It is a shift that not only improves efficiency but also fosters sustainability.

Such solutions will be on full display at the upcoming edition of Automechanika Kuala Lumpur. The event is Malaysia’s leading trade fair in the regional automotive aftermarket, and in its 13th edition, receives continual support from exhibitors and visitors, as well as government bodies, industry associations and media. Held from 1 to 3 August at the Kuala Lumpur Convention Centre (KLCC), the fair expects to welcome over 300 local and overseas exhibitors from 20 countries and regions across 9,710 sqm of exhibition space, exploring business opportunities and development trends in the thriving market.

It will cover areas of the supply chain including parts and components, diagnostics and repair, body and paint, accessories, car care, oils and lubricants, customising as well as automotive mobility solutions. The dedicated Automotive Mobility Solutions Zone will feature the latest provisions for urban development, city planning and smart mobility, which will revolve around local infrastructure and technology.

In addition, the Automotive Mobility Solutions Conference is set to be a highlight during the first two days of the show. It will converge a strong line up of speakers from the likes of Bosch Rexroth, ChargeSini, Forwardlog, Henkel, MARii, Materialise, MDEC, PETRONAS, SHRDC, Siemens, Swift, Universiti Teknologi Malaysia, VinAI, VinFast, Volkswagen, Volvo Malaysia, ZEVA and more.

The conference will delve into various topics across the supply chain, including automotive mobility solutions, electrification and digitalisation, automotive logistics, warehousing and supply chain, as well as automotive manufacturing, transformation and automation.

To find out more information about onsite activities, please visit www.automechanika-kl.com/events 

[1] “EV sales in Malaysia up 112% to 6,617 units in 1H 2024”, 16 July 2024, paultan.org, https://paultan.org/2024/07/16/maa-ev-sales-1h-2024/, retrieved on 17 July 2024

[2] “AUTOMOTIVE HIGH-TECH VALLEY (AHTV) CONFERENCE”, 17 July 2023, MIDA, https://www.mida.gov.my/events/automotive-high-tech-valley-ahtv-conference/, retrieved on 19 July 2024

[3] “Going EV: What the Malaysian government is doing to charge up the transition”, 9 July 2024, Malaymail, https://www.malaymail.com/news/malaysia/2024/07/09/going-ev-what-the-malaysian-government-is-doing-to-charge-up-the-transition/141965, retrieved on 16 July 2024

 

About Automechanika Kuala Lumpur

Automechanika Kuala Lumpur is one of the 40 global events under Messe Frankfurt’s Mobility & Logistics sector. The portfolio itself plays vital role in connecting automotive, transportation, and logistics industries across the world.

The exhibition area at Automechanika Kuala Lumpur 2024 is free for professionals aged 18 and above. Please visit www.automechanika-kl.com/visitor for pre-registration.

Please contact Messe Frankfurt (HK) Ltd at + 852 2802 7728, visit www.automechanika-kl.com or email autoasia@hongkong.messefrankfurt.com for further enquiries.

View original content:https://www.prnewswire.com/apac/news-releases/malaysia-paves-the-way-for-an-electrified-automotive-industry-302203595.html

SOURCE Messe Frankfurt (HK) Ltd

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GAC Group Showcases New Energy Vehicles and Unveils “Panyu Action” at the 22nd Guangzhou International Auto Show

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November 17, 2024

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, at the 22nd Guangzhou International Auto Show, GAC’s self-owned brands unveiled three groundbreaking models. Alongside these vehicle debuts, GAC Group introduced its three-year strategic initiative – “Panyu Action” – which aims to increase the share of self-owned brands to over 60% of total group sales by 2027, targeting 2 million units in sales.

Designed to drive GAC Group’s transformation, “Panyu Action” is expected to enhance operational efficiency and position the company for sustained high-quality development. This strategic initiative is expected to help GAC strengthen its leadership within both domestic and international automotive markets.

Feng Xingya, President of GAC Group, stated, “GAC Group has taken a solid step forward in its new phase of transformation. We will forge ahead with determination and live up to expectations, presenting an all-new GAC to everyone over the next three years!”

In line with its vision, GAC Group has invested over 50 billion yuan in independent research and development. The company plans to invest an additional 50 billion yuan in the next three years to support its “Panyu Action” initiative, reinforcing its commitment to remain at the forefront of technological innovation in the automotive industry.

“Right now, GAC’s global expansion is entering a new phase, with vehicle exports and local production moving forward together,” said Wei Haigang, President of GAC International. ” We will continue to expand international markets, with plans to reach 100 countries and regions by 2027, and export 500,000 vehicles.”

As part of its growth strategy, GAC Group unveiled three standout models at this year’s auto show: the S7, GAC’s first advanced intelligent vehicle, featuring AI-driven ambient lighting with eight preset expressions for personalized interaction; the Aion UT, the third global strategic model from Aion, with bold headlights and a hatchback design that embodies a unique, free-spirited style; and the HYPTEC HL, GAC’s luxury intelligent flagship SUV, which combines yacht-style wraparound design with zero-gravity seats for an unmatched luxury electric driving experience.

These new models highlight GAC Group’s dedication to leading the smart electric vehicle market, with plans for their introduction to international markets as part of the company’s ongoing global expansion strategy.

Looking ahead, GAC Group remains committed to delivering better products, services, and experiences to consumers worldwide, enhancing mobility solutions and enriching the lives of customers across the globe.

SOURCE GAC

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Unmissable Black Friday Deals on Telegram Signal Copier: Significant Savings on Services, Trading Tools, and Exclusive Offers for Traders

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2 hours ago

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November 17, 2024

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As part of the Black Friday season, Telegram Signal Copier is offering traders exclusive discounts on services and advanced trading tools to support their strategies and enhance trading performance.

COVENT GARDEN, London, Nov. 17, 2024 /PRNewswire-PRWeb/ — Telegram Signal Copier (TSC), the most popular signal copier tool, is thrilled to announce exclusive discounts on a range of services and innovative trading tools designed to enhance trading strategies and improve overall performance for traders at every level.

A company spokesperson stated, “Our Black Friday specials offer significant savings, giving both new and experienced traders access to expert signals and tools. We’re confident these resources will empower users to make informed trading decisions and reach their financial goals.”

The Black Friday offers, originally scheduled for November 24 to November 30, are already live, providing traders with an exclusive early opportunity to access significant discounts. This early launch marks a unique chance for both novice and seasoned traders to refine their strategies and enhance their trading performance with major savings.

As part of this Black Friday season, Telegram Signal Copier is inviting traders to explore its specially curated packages that combine access to powerful trading tools and customized support services at a fraction of the cost. This limited-time event offers exclusive deals to support traders at every level, providing access to premium features that elevate trading strategies and outcomes.

This time TSC has also added an amazing feature that supports image signal copying, allowing traders to seamlessly replicate signals from image-based formats. Now this latest feature broadens the range of signals traders can access, providing greater flexibility and precision.

TSC Black Friday Offers Package 2024:

The Black Friday specials, available for a short window, will feature substantial savings across a wide range of offerings. Here’s a brief overview of the exceptional packages:

TSC Starter: Perfect for beginners interested in exploring the trading world with ease, TSC Starter offers essential tools and insights that simplify complex trading decisions, allowing new traders to start confidently.TSC Pro: This package is tailored for traders with some experience who want to deepen their strategies. With access to advanced tools, Pro users can gain deeper market insights to enhance trading outcomes.TSC Advance: The Advance package is the ultimate trading companion for experienced traders who demand the highest-quality tools and signals to support sophisticated trading strategies. It offers in-depth analyses, real-time insights, and expert-driven strategies designed to help maximize profits and minimize risks.

Whether you are an experienced trader or just beginning your trading journey, these deals are tailored to ensure you can benefit from expert signals and cutting-edge tools to enhance your trading performance. The Black Friday savings are not merely discounts.

So, traders are encouraged to mark their calendars for this exceptional Black Friday event and prepare to take advantage of TSC’s powerful trading solutions. This limited-time sale will allow traders to harness cutting-edge trading technology to optimize their strategies, making it a perfect time to elevate trading capabilities without the usual costs.

About Telegram Signal Copier:

Telegram Signal Copier is an acclaimed signal-copying tool in the trading community, enabling users to replicate expert trading signals directly in their accounts. Known for its intuitive interface, commitment to delivering accurate, timely market insights, and now its new image signal copying feature, TSC has established itself as an invaluable resource for traders seeking to elevate their trading experience. With a mission to provide accessible, top-tier trading resources, TSC empowers its users to thrive in the fast-paced world of Forex trading.

Media Contact

Nazrul Islam, Telegram Signal Copier, 44 2079461234, support@telegramsignalcopier.com, https://telegramsignalcopier.com/

View original content to download multimedia:https://www.prweb.com/releases/unmissable-black-friday-deals-on-telegram-signal-copier-significant-savings-on-services-trading-tools-and-exclusive-offers-for-traders-302306754.html

SOURCE Telegram Signal Copier

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RackNerd LLC, Global IaaS Provider, Expands European Footprint with New Dublin, Ireland Datacenter

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3 hours ago

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November 17, 2024

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RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland. The expansion comes amid significant company growth, with RackNerd recently ranking No. 1506 on the 2024 Inc. 5000 list after achieving a 342.15% three-year revenue growth rate.

RANCHO CUCAMONGA, Calif., Nov. 17, 2024 /PRNewswire-PRWeb/ — RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland, marking another significant milestone in the company’s European presence. RackNerd’s new datacenter location will operate from the Digital Realty DUB10 datacenter, located at Blanchardstown Corp Pk, Unit 9, Dublin Blanchardstown, Dublin 15, Ireland, delivering enterprise-grade infrastructure with exceptional connectivity to both European and North American markets.

The Dublin facility boasts numerous critical certifications including ISO 9001, ISO 14001, ISO 27001, ISO 50001, PCI-DSS, SOC1, SOC2, and SOC3 compliance, ensuring the highest standards of security and reliability for mission-critical deployments. Strategically positioned as a key technology hub, Dublin offers unique advantages including robust network connectivity, favorable business climate, and access to a highly skilled technology workforce.

“Our expansion into Dublin represents a strategic response to the growing demand for high-performance infrastructure solutions in Ireland and across Europe. This location serves as an ideal connectivity hub for businesses requiring premium access to major markets across the United Kingdom, Western Europe, and trans-Atlantic routes to North America,” explains Dustin B. Cisneros, CEO of RackNerd.

The strategic location facilitates seamless connectivity to ten sub-sea cables, enabling enterprises to leverage increased global reach and enhanced performance capabilities.

“This strategic expansion further enables RackNerd to position client services closer to their respective end-users, therefore enhancing performance through reduced latency and bringing hosted applications closer to the edge. Dublin’s emergence as a primary technology hub, combined with its strategic geographic location, makes it an excellent choice for businesses seeking to establish or expand their European presence,” Cisneros adds.

Immediately available for deployment in Dublin are RackNerd’s KVM VPS, bare metal dedicated servers, disaster recovery, and private cloud service offerings.

RackNerd continues to demonstrate its commitment to global expansion, with services now available across multiple strategic locations including Los Angeles, San Jose, Seattle, Chicago, New Jersey, Atlanta, Dallas, New York, Ashburn, Amsterdam, Strasbourg, Frankfurt, Singapore, and now – Dublin. For more information, please visit: https://www.racknerd.com/

About RackNerd

RackNerd LLC introduces infrastructure stability and provides Dedicated Servers, Private Cloud solutions, DRaaS (Disaster-Recovery-as-a-Service), flexible Colocation, Virtual Private Servers and advanced DDoS Mitigation services — maintained by a team with decades of experience in managed services, datacenter operations, and Infrastructure-as-a-Service. With an intrinsic focus on client success and growth, RackNerd has grown steadily while continuing to provide high-quality hosting services at competitive rates. For more information please visit RackNerd at: https://www.racknerd.com/

Inc. recently revealed that RackNerd has earned a spot on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. Earlier this year, RackNerd was showcased on the Inc. 5000 Regionals Pacific list, and a recent achievement of national recognition on the 2024 Inc. 5000 further cements its position as a significant investor in driving innovation and growth within the Infrastructure-as-a-Service industry – an ever-evolving landscape that proves increasingly fundamental to businesses and services underlying everyday life.

The company’s impressive three-year revenue growth rate of 342.15% ranked it No. 1506 on the Inc. 5000 list. However, beyond a number, this growth rate represents RackNerd’s commitment to advancing the IaaS industry and reinvesting in its services, industry, and client community.

Media Contact

Dustin Cisneros, RackNerd, 1 8888816373, dustin@racknerd.com, https://www.racknerd.com/

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View original content to download multimedia:https://www.prweb.com/releases/racknerd-llc-global-iaas-provider-expands-european-footprint-with-new-dublin-ireland-datacenter-302307742.html

SOURCE RackNerd

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