Shenzhen Stock Exchange

Avolon: 2022 First Quarter Results

Retrieved on: 
Tuesday, May 3, 2022

Dmhnal Slattery, Avolon CEO, commented: As we reflect on our performance during the quarter, first and foremost our minds are with the people of Ukraine and those both at home and abroad that are impacted at this time.

Key Points: 
  • Dmhnal Slattery, Avolon CEO, commented: As we reflect on our performance during the quarter, first and foremost our minds are with the people of Ukraine and those both at home and abroad that are impacted at this time.
  • Given the impact of sanctions, we are recognising an impairment charge of $304 million in the first quarter in relation to our aircraft which were previously on lease in Russia.
  • Despite the headwinds of COVID-19 and Russian sanctions, we delivered our strongest quarterly underlying performance since the onset of the pandemic.
  • Avolon is the worlds second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 March 2022 of 832 aircraft.

Ultra Lithium Enters Joint Venture Agreement with Yahua and Announces Private Placement

Retrieved on: 
Wednesday, April 20, 2022

Upon completion of the above consideration payments, the JV with Yahua holding a 60% and Ultra Lithium holding a 40% interest will be formed.

Key Points: 
  • Upon completion of the above consideration payments, the JV with Yahua holding a 60% and Ultra Lithium holding a 40% interest will be formed.
  • Ultra Lithium looks forward to a robust exploration program for the hard rock lithium properties in Northern Ontario in 2022.
  • Yahua Lithium is one of the major suppliers of lithium salt products in the world and one of the largest lithium hydroxide suppliers for TESLA.
  • Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets.

Broad Reach Power and CATL Announce Large Purchase of Battery Storage Systems for Texas

Retrieved on: 
Tuesday, April 19, 2022

Broad Reach Power LLC (Broad Reach), an independent power producer based in Houston, Texas, which owns a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects, today announced it has advanced its ERCOT portfolio through the procurement of over 900 megawatt-hour (MWh) of battery systems from Contemporary Amperex Technology Co., Limited (CATL), the global leader in lithium-ion battery development and manufacturing.

Key Points: 
  • Broad Reach Power LLC (Broad Reach), an independent power producer based in Houston, Texas, which owns a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects, today announced it has advanced its ERCOT portfolio through the procurement of over 900 megawatt-hour (MWh) of battery systems from Contemporary Amperex Technology Co., Limited (CATL), the global leader in lithium-ion battery development and manufacturing.
  • We look forward to working with CATL on these projects, says Doug Moorehead, Chief Operating Officer at Broad Reach.
  • Cooperation between CATL and Broad Reach in energy storage started a long time ago.
  • Broad Reach Power (Broad Reach) is the leading utility-scale storage platform in the United States.

Qiming's Nisa Leung, Duane Kuang Named on 2022 Forbes Midas List

Retrieved on: 
Wednesday, April 13, 2022

SHANGHAI, April 12, 2022 /PRNewswire/ Forbes released the 2022 Midas List on April 12, a ranking of the world's top 100 venture capitalists.

Key Points: 
  • SHANGHAI, April 12, 2022 /PRNewswire/ Forbes released the 2022 Midas List on April 12, a ranking of the world's top 100 venture capitalists.
  • Nisa Leung, Managing Partner of Qiming Venture Partners, and Duane Kuang, Founding Managing Partner of Qiming Venture Partners, ranked on the list.
  • Nisa has been on the list for four consecutive years, ranking No.61 and up 12 places from last year.
  • Duane has been named on the Midas list for the third time, ranking No.74 this year.

BYD ATTO 3 Launched in Macau to Help Create a Carbon-free City

Retrieved on: 
Sunday, April 10, 2022

Macau, China--(Newsfile Corp. - April 10, 2022) - On April 7th, BYD ATTO 3 was officially launched in Macau as BYD and its Macau partner Companhia De Automveis De Energia Nova Hap Dic Limitada are working to realize the "carbon-free" goal of Macau.

Key Points: 
  • Macau, China--(Newsfile Corp. - April 10, 2022) - On April 7th, BYD ATTO 3 was officially launched in Macau as BYD and its Macau partner Companhia De Automveis De Energia Nova Hap Dic Limitada are working to realize the "carbon-free" goal of Macau.
  • ATTO 3 is designed with Dragon Face 3.0 family design language, led by Wolfgang Egger, BYD's Global Styling Director.
  • BYD's revolutionary Blade Battery technology comes as a standard in ATTO 3, offering drivers industry-leading safety levels and an extended single-charge range capability.
  • We will join hands with Hap Dic to promote the development of green transportation in Macau and give further impetus to build a 'carbon-free city'."

Avolon Q1 Business Update

Retrieved on: 
Thursday, April 7, 2022

Avolon, the international aircraft leasing company, issues an update for the first quarter of 2022 (Q1).

Key Points: 
  • Avolon, the international aircraft leasing company, issues an update for the first quarter of 2022 (Q1).
  • Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services.
  • Avolon is the worlds second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 March 2022 of 832 aircraft.
  • This document includes forward-looking statements, beliefs or opinions, including statements with respect to Avolons business, financial condition, results of operations and plans.

Weichai Power Announces 2021 Annual Results

Retrieved on: 
Thursday, March 31, 2022

HONG KONG, Mar 31, 2022 - (ACN Newswire) - Weichai Power Company Limited ("Weichai Power" or the "Company", SEHK stock code: 2338.HK; Shenzhen Stock Exchange stock code: 000338.SZ) announced its annual results for the year ended 31 December 2021 (the "year") on 30th March, prepared in accordance with PRC accounting standards.

Key Points: 
  • HONG KONG, Mar 31, 2022 - (ACN Newswire) - Weichai Power Company Limited ("Weichai Power" or the "Company", SEHK stock code: 2338.HK; Shenzhen Stock Exchange stock code: 000338.SZ) announced its annual results for the year ended 31 December 2021 (the "year") on 30th March, prepared in accordance with PRC accounting standards.
  • The Company has made multiple efforts to firmly keep traditional high-end power and new energy power in the forefront.
  • Weichai Power will promote synergetic development of export business, the steady growth of intelligent logistics, and the take-off of overseas business.
  • Founded in 2002, Weichai Power is one of the strongest comprehensive automotive and equipment manufacturing industry groups in China.

Gözen Holding Orders 100 Vx4 Aircraft From Avolon to Bring Zero Emissions Air Travel to Turkey

Retrieved on: 
Tuesday, March 29, 2022

The opportunities to deploy the VX4 are enormous and, as is evident with our placement progress to date, zero emissions eVTOL air travel will reshape the short-haul travel market.

Key Points: 
  • The opportunities to deploy the VX4 are enormous and, as is evident with our placement progress to date, zero emissions eVTOL air travel will reshape the short-haul travel market.
  • Our partnership with Gzen Holding will create a pioneer in UAM in Turkey, bringing sustainable air travel to the region.
  • Mekin Gzen, CEO of Gzen Holding, commented: We are delighted to announce our partnership and VX4 order with Avolon.
  • Since announcing that order, Avolon placed 250 VX4 aircraft with GOL and Grupo Comporte in Brazil, up to 100 aircraft with Japan Airlines in Japan, a minimum of 100 aircraft with AirAsia, and up to 100 aircraft with Gzen Holding.

Avolon Exceeds Pre-Order Commitments and Places Over 500 VX4 Aircraft With Leading Airlines

Retrieved on: 
Tuesday, March 29, 2022

Avolon, the worlds second largest aircraft lessor, pre-ordered 500 VX4s in June 2021, and as of today has placed all of these units, as well as an additional 50 aircraft options, with leading global airlines.

Key Points: 
  • Avolon, the worlds second largest aircraft lessor, pre-ordered 500 VX4s in June 2021, and as of today has placed all of these units, as well as an additional 50 aircraft options, with leading global airlines.
  • This has been achieved by placing aircraft with flag carriers and innovative airlines such as JAL, AirAsia and Brazils largest airline Gol, in addition to todays announcement with leading Turkish aviation group, Gzen Holding, for up to 100 VX4 eVTOL aircraft.
  • Vertical has sold its VX4 aircraft directly to a broad range of customers including aircraft lessors, airlines, helicopter operators and tourism groups.
  • Avolon is the worlds second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2021 of 824 aircraft.

Avolon and Air Greenland Partner to Tackle Climate Change by Bringing Zero-emissions Air Travel to the Region

Retrieved on: 
Tuesday, March 22, 2022

Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.

Key Points: 
  • Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.
  • Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the region.
  • Todays announcement with Air Greenland means we are taking zero-emissions travel to where climate change is having its most pronounced impact.
  • We look forward to working with Air Greenland to bringing the zero-operating emission VX4 aircraft to where it matters the most.