RAYONG, Thailand, May 23, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, officially commenced production at its first international new energy vehicle factory in Rayong, Thailand on May 16, 2025. Coinciding with the 50th anniversary of the establishment of diplomatic relations between China and Thailand, ChangAn’s 28.59-millionth vehicle successfully rolled off the production line on the day. The factory boosts Thailand’s push to build a Southeast Asian EV hub and strengthens China–Thailand automotive cooperation. It accelerates ChangAn’s Vast Ocean Plan by exporting whole industries, showcasing the Company’s global expansion potential and positioning Thailand as a launchpad for sustainable growth and Chinese innovation worldwide.

According to ASEAN Briefing, Thailand is the largest automobile manufacturer and exporter in Southeast Asia, with the automotive sector contributing 10-11% of its GDP. The Thai government actively promotes the development of the electric vehicle industry and plans to achieve 30% electric vehicle production of total automobile production by 2030. ChangAn’s investment of 10 billion baht into the Rayong Plant is a direct response to the growing demand for electric vehicles in Thailand and across ASEAN.

Spanning 245 rai (approximately 392,000 square metres), the Rayong Factory features five main workshops. Based on a “green and intelligent” design concept, the facility uses daylight optimisation, solar power, and water recycling to achieve lower energy consumption per vehicle. Advanced automation and digital simulations boost production efficiency and flexibility. Marking a key step in ChangAn’s globalisation, future plans include improving processes, enhancing local partnerships, and deepening Sino-Thai cooperation in sustainable mobility and innovation.

In August 2023, ChangAn established three subsidiaries and named Thailand as its regional headquarters. In October, the Thai Investment Committee approved investment for new energy vehicle production, including pure electric and extended-range models. In November 2023, ChangAn broke ground on the Rayong Factory, officially starting construction. Committed to long-term localisation, ChangAn aims to build the Rayong Plant into a benchmark for its global manufacturing network. The factory will produce models from its three major brands, CHANG-AN, DEEPAL, and AVATR. Production capacity is set to grow from 100,000 vehicles annually to 200,000 by 2027.

On launch day, ChangAn’s 28.59-millionth vehicle — a right-hand-drive DEEPAL S05 — rolled off its assembly line, bringing new technological intelligence to Thai and global drivers alike. Models such as the DEEPAL S07, E07, and AVATR 11 have already launched in Thailand, with cumulative sales exceeding 14,000 units and placing ChangAn among the top four in the country’s NEV market.

ChangAn adheres to the principle of “In Thailand, For Thailand” as it expands across Southeast Asia. A Thai spare parts warehouse will be established in Rayong as the global right-hand-drive parts centre, aiming for 98% satisfaction and 24-hour delivery. Local digital platforms will be upgraded with AI-powered smart control, predictive maintenance, battery monitoring, and remote diagnostics. The Company also expects to create over 30,000 upstream and downstream jobs in Thailand through industrial development and social responsibility initiatives.

ChangAn’s Vast Ocean Plan continues to accelerate its global expansion, with operations now spanning five major international markets that have been elevated to the same strategic level as China, aiming to grow global market capacity from 30 to  50 million. The Company has filed over 14,000 patents in the past three years—70% of which are for inventions—reflecting its strong R&D capabilities. With nine KD plants and one full vehicle plant already operational, ChangAn is building a robust global production network in countries such as Kazakhstan and Egypt. It has also launched its brand in 22 countries across Europe, the Middle East, and Africa, supported by over 9,000 sales outlets worldwide. ESG investments exceed 30 million yuan annually, supporting public welfare worldwide.

Prior to the launch ceremony, Thai Prime Minister Paetongtarn Shinawatra met with Mr. Zhu Huarong, Chairman of ChangAn Automobile, who expressed his sincere gratitude to the Thai government for its long-term support. He commented that in the future, ChangAn will uphold the spirit of mutually beneficial cooperation to make greater contributions to Thailand’s economic and social development and drive the global auto industry forward.

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SOURCE ChangAn Automobile

PORT VILA, Vanuatu, May 23, 2025 /PRNewswire/ — Vantage Markets capped off a standout appearance at the Forex Traders Summit Dubai 2025 as an official partner, earning the prestigious “Best Global Broker” award and reinforcing its reputation as a global leader in multi-asset trading. This recognition was awarded by summit organisers in acknowledgement of Vantage’s commitment to transparency, client success, and continuous innovation in the trading space. On top of that, the summit provided a perfect platform for Vantage to showcase its trading innovation and global knowledge through expert-led panels and keynote sessions. Ending off, Vantage hosted an exclusive private event celebrating its recent milestones.

Over the two-day summit, Vantage took center stage in a series of panel discussions featuring Nibal Abu Assaly and Souhail Fadlallah, Business Development Managers at Vantage, alongside other industry leaders. These dynamic exchanges covered market sentiment, institutional trading behaviors, and insights into how market participants approach challenges in a shifting global economy. Key takeaways included market positioning frameworks, trend confirmation techniques, and insights into how traders typically approach long-term strategies in volatile markets.

In addition to the panels, Vantage participated in two high-impact keynote sessions. On Day One, Souhail Fadlallah presented “Navigating the Storm: Perspectives on Strategic Risk Management in Volatile Markets,” offering attendees actionable strategies to turn uncertainty into opportunity through disciplined planning. On Day Two, Nibal Abu Assaly delivered “Institutional Insights: Understanding How Major Players Navigate the Forex Market,” highlighting the approaches used by top-tier financial institutions to manage liquidity, anticipate risk, and respond to evolving regulations.

To commemorate the successful wrap-up of the Forex Traders Summit, and the award recognition, Vantage hosted an exclusive afterparty at Billionaire Dubai. The glamorous event brought together invited guests from the international trading community for a night of luxury, networking, and celebration.

The evening opened with a powerful speech from Marc Despallieres, CEO of Vantage Markets, who shared his vision for the partnership with Scuderia Ferrari HP. He emphasized the synergy between both brands and Vantage’s commitment to challenge the status quo and continuous progress in their respective industries.

The celebration featured vibrant stage performances, a dedicated media wall for premium photo moments, and curated cocktails and canapés that delighted attendees throughout the night. As the evening progressed, upbeat music and a buzzing dance floor transformed the venue into an unforgettable after-party experience.

“Our presence at Forex Traders Summit Dubai 2025 marks an important chapter in our global journey,” said Marc Despallieres, CEO of Vantage Markets. “From thought leadership to industry recognition and the launch of a historic partnership with Ferrari, this event captured the energy, ambition, and momentum driving Vantage forward.”

As Vantage continues to grow its global brand presence through international events and initiatives, the brand remains committed to delivering world-class trading experiences and building meaningful connections with its global community. Visit Vantage Markets, for more updates.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

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SOURCE Vantage

ZHONGSHAN, China, May 23, 2025 /PRNewswire/ — Tongyu Communication (Stock Code: 002792), a leader in wireless technology, showcased its integrated satellite communication solutions at the 2025 SATEXPO, the top global exhibition for satellite technology. The company presented a versatile product lineup that includes ground station terminals, onboard payloads, and terminal applications, aiming to deliver extensive coverage and high-capacity, cost-effective satellite networks across various sectors such as emergency response, maritime, fisheries, smart agriculture, and intelligent transportation. By integrating these systems with 5G and 6G technologies, Tongyu aims to enhance communication, navigation, and perception services worldwide.

Winnie Wu, Vice President of Tongyu Communication, stated, “As the global digital transformation accelerates, satellite communication has become a crucial technology for bridging the digital divide. Our integrated solutions not only meet traditional satellite communication needs but also provide robust support for emerging fields such as the smart IoT and low-altitude economy through deep integration with 5G and 6G networks.”

Highlighted products at the event included:

Ground Station Terminals: Featuring high-altitude (GEO) and low-altitude (LEO) satellite antennas and terminals, which have achieved mass deliveries in numerous national projects worldwide.

Onboard Payload Antennas: Critical equipment installed on satellites, spacecraft, and space stations, with Tongyu SAR antennas successfully completing telemetry missions on high-altitude drones.

On-The-Move Antennas: Mobile satellite communication antennas for maritime, airborne, and emergency response applications, effectively addressing traditional network blind spots.

Satellite IoT Antennas: Deployed across various satellite IoT constellations.

In addition to satellite communication products, Tongyu also showcased its MacroWiFi technology, utilizing high-gain antenna arrays and long-range transmission protocols to provide WiFi coverage of 1.5-2 kilometers, accommodating up to 200 concurrent users—ideal for remote areas, mining sites, and outdoor wireless network deployments.

“In 2024, Tongyu’s overseas revenue reached approximately 60.5 million USD in value, a 20.27% year-on-year increase, driven by strong growth in the Middle East, Southeast Asia, and Belt and Road countries. Through SATEXPO, Tongyu plans to further deepen its cooperation with telecom operators and satellite service providers, promoting the large-scale application of satellite communication terminals and ground station equipment.” Wu added.

About Tongyu Communication

Tongyu Communication Inc., established in 1996, specializes in the research, development, manufacturing, and sales of mobile communication antennas, radio frequency devices, and satellite communication solutions. With production facilities in China and subsidiaries across Europe and various locations worldwide, Tongyu Communication has built a strong global presence. For more information, please visit https://www.tongyucom.com.

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