KION Group

NVIDIA Announces Project GR00T Foundation Model for Humanoid Robots and Major Isaac Robotics Platform Update

Retrieved on: 
Monday, March 18, 2024
ArcBest, GTC, BYD, SOC, GPU, Agility, Learning, Environment, Library, SAN, Perception, KION Group, History, Universal Robots, Robotics, Yaskawa Electric Corporation, Imagination, Ecosystem, Safety, Machine learning, Generalist, Collection, NVIDIA, CPU, Video game

SAN JOSE, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- GTC -- NVIDIA today announced Project GR00T, a general-purpose foundation model for humanoid robots, designed to further its work driving breakthroughs in robotics and embodied AI.

Key Points: 
  • SAN JOSE, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- GTC -- NVIDIA today announced Project GR00T, a general-purpose foundation model for humanoid robots, designed to further its work driving breakthroughs in robotics and embodied AI.
  • “Building foundation models for general humanoid robots is one of the most exciting problems to solve in AI today,” said Jensen Huang, founder and CEO of NVIDIA.
  • NVIDIA also announced Isaac Manipulator and Isaac Perceptor — a collection of robotics pretrained models, libraries and reference hardware.
  • Among early ecosystem partners are Yaskawa, Universal Robots, a Teradyne company, PickNik Robotics, Solomon, READY Robotics and Franka Robotics.

Two Decades Post-IPO, Weichai Power's Market Value Soars 30-Fold, Distributing RMB 28 Billion in Dividends

Retrieved on: 
Tuesday, March 26, 2024
Annual report, Baudouin of Belgium, Attention, Linde Hydraulics, PSI, Ballard Power Systems, VDS, RMB, Partnership, CVT, Acquisition, Shenzhen Stock Exchange, Creativity, Weichai Power, KION Group

WEIFANG, China, March 26, 2024 /PRNewswire/ -- Weichai Power Co., Ltd. (2338.HK, 000338.SZ), in its latest annual report released on March 26, unveiled significant financial achievements for the year 2023. The company recorded revenue of RMB 213.96 billion, a notable increase of 22.2% compared to the previous year. Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04. 

Key Points: 
  • Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
  • From 2004 to 2023, revenue surged from RMB 6.2 billion to RMB 214 billion, reflecting a thirty-threefold increase.
  • The company's total market value has exceeded RMB 140 billion, a 30-fold increase since its listing.
  • Weichai Power has witnessed exceptional market value growth, surpassing 40 times its initial listing value.

Two Decades Post-IPO, Weichai Power's Market Value Soars 30-Fold, Distributing RMB 28 Billion in Dividends

Retrieved on: 
Tuesday, March 26, 2024
Annual report, Baudouin of Belgium, Attention, Linde Hydraulics, PSI, Ballard Power Systems, VDS, RMB, Partnership, CVT, Acquisition, Shenzhen Stock Exchange, Creativity, Multimedia, Weichai Power, KION Group

WEIFANG, China, March 26, 2024 /PRNewswire/ -- Weichai Power Co., Ltd. (2338.HK, 000338.SZ), in its latest annual report released on March 26, unveiled significant financial achievements for the year 2023. The company recorded revenue of RMB 213.96 billion, a notable increase of 22.2% compared to the previous year. Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.

Key Points: 
  • Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
  • From 2004 to 2023, revenue surged from RMB 6.2 billion to RMB 214 billion, reflecting a thirty-threefold increase.
  • The company's total market value has exceeded RMB 140 billion, a 30-fold increase since its listing.
  • Weichai Power has witnessed exceptional market value growth, surpassing 40 times its initial listing value.

EQS-News: Strong financial year 2023: KION more than doubles adjusted EBIT and margin with outstanding free cash flow

Retrieved on: 
Wednesday, March 13, 2024
ROCE, ITS, Supervisory board, Customer, Research, Climate, Investment, Construction, Targets, KION Group, Growth, Supply, Frankfurt, KION, Automation, AAA, MSCI, Science Based Targets initiative, Electricity, Annual, Science, SCS, Retail

The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).

Key Points: 
  • The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).
  • Following a loss in the previous financial year, the Supply Chain Solutions segment achieved a positive adjusted EBIT margin of
    1.5 percent with an adjusted EBIT of € 44.3 million (2022: € -45.6 million).
  • Free cash flow in 2024 will be in positive territory in line with the expected healthy financial performance but will be below the high free cash flow of the previous year.
  • Adjusted EBIT for ITS is expected to improve to between € 850 million and € 950 million with a double-digit adjusted EBIT margin.

Shandong Heavy Industry - Weichai Power's 2024 CEO Gathering: A Look Back at Two Decades of Shaping Global Industries

Retrieved on: 
Sunday, February 4, 2024
Zhongtong Bus, Transport, Weichai Power, Linde Hydraulics, KION Group, Speech, Name, PSI, Acquisition, Shandong Heavy Industry, Moteurs Baudouin, Conference, Management

Tan Xuguang, the chairman of both Shandong Heavy Industry Group and Weichai Power, chaired the event and presented a keynote speech entitled "Earning Respect of Global Customers Through Strength".

Key Points: 
  • Tan Xuguang, the chairman of both Shandong Heavy Industry Group and Weichai Power, chaired the event and presented a keynote speech entitled "Earning Respect of Global Customers Through Strength".
  • The Group's annual operating revenue has soared to US$72 billion, with its transnational index exemplifying its global reach at 48.57%.
  • Shandong Heavy Industry Group has been at the forefront of fostering open collaboration, systematically broadening its alliance of strategic brands.
  • With technological innovation centers established in over 10 countries, Shandong Heavy Industry delivers product and service solutions across more than 150 countries and regions.

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024
Clearpath Robotics, CSG, Wireless, Musiktheater im Revier, JBT Corporation, ASP, Viastore Systems, Crown Equipment Corporation, QR, AMR, Software, Sensor fusion, SoftBank Group, Robert Williams (robot fatality), Safety, Human voice, KION Group, Informatik, Hikvision, Rockwell Automation, MOV, FREEDOM, Artificial intelligence, CPM, Beumer Group, JD, Growth, Robotics, Honeywell Intelligrated, Gesellschaft mit beschränkter Haftung, SBS, Deep learning, OPEX, KUKA, ROI, Automation, CGI, Vecna Robotics, OPEX (corporation), LG Chem, RaaS, ST Engineering, Mobile industrial robots, TAM, DMW, Omron Adept, ASRS, AI, Research, MHS, QR code, Security, Motion control, ASI, Bossa Nova Robotics, Lidar, EnerSys, Ocado, PSB, Mobile robot, AGV, Communication, Retail

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024
Clearpath Robotics, CSG, Wireless, Musiktheater im Revier, JBT Corporation, ASP, Viastore Systems, Crown Equipment Corporation, QR, AMR, Software, Sensor fusion, SoftBank Group, Robert Williams (robot fatality), Safety, Human voice, KION Group, Informatik, Hikvision, Rockwell Automation, MOV, FREEDOM, Artificial intelligence, CPM, Beumer Group, JD, Growth, Robotics, Honeywell Intelligrated, Gesellschaft mit beschränkter Haftung, SBS, Deep learning, OPEX, KUKA, ROI, Automation, CGI, Vecna Robotics, OPEX (corporation), LG Chem, RaaS, ST Engineering, Mobile industrial robots, TAM, DMW, Omron Adept, ASRS, AI, Research, MHS, QR code, Security, Motion control, ASI, Bossa Nova Robotics, Lidar, EnerSys, Ocado, PSB, Mobile robot, AGV, Communication, Retail

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Shandong Heavy Industry - Weichai Power Hosts Third Global Partner Conference and Southeast Asia (Jakarta) New Product Exhibition

Retrieved on: 
Wednesday, January 24, 2024
Shandong Heavy Industry, Exhibition, Speech, Zhongtong Bus, Life, Weichai Power, Linde Hydraulics, Moteurs Baudouin, Growth, Conference, Safety, PSI, Customer, KION Group, Media Nusantara Citra

JAKARTA, Indonesia, Jan. 24, 2024 /PRNewswire/ -- On January 23rd, Shandong Heavy Industry - Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia. The event expects the participation from over 1,000 distributors and key clients across Southeast Asia, East Asia, Australia, New Zealand and beyond.

Key Points: 
  • JAKARTA, Indonesia, Jan. 24, 2024 /PRNewswire/ -- On January 23rd, Shandong Heavy Industry - Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia.
  • The event expects the participation from over 1,000 distributors and key clients across Southeast Asia, East Asia, Australia, New Zealand and beyond.
  • Indonesia, Southeast Asia's largest economy, has been a key market for Shandong Heavy Industry for more than three decades.
  • The country will be the third stop for Shandong Heavy Industry - Weichai Power's Global Partner Conference, following similar events recently held in Central Asia and the Middle East.

Shandong Heavy Industry - Weichai Power Hosts Third Global Partner Conference and Southeast Asia (Jakarta) New Product Exhibition

Retrieved on: 
Wednesday, January 24, 2024
Shandong Heavy Industry, Exhibition, Speech, Zhongtong Bus, Life, Multimedia, Weichai Power, Linde Hydraulics, Moteurs Baudouin, Growth, Conference, Safety, PSI, Customer, KION Group, Media Nusantara Citra

JAKARTA, Indonesia, Jan. 24, 2024 /PRNewswire/ -- On January 23rd, Shandong Heavy Industry - Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia. The event expects the participation from over 1,000 distributors and key clients across Southeast Asia, East Asia, Australia, New Zealand and beyond.

Key Points: 
  • JAKARTA, Indonesia, Jan. 24, 2024 /PRNewswire/ -- On January 23rd, Shandong Heavy Industry - Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia.
  • Indonesia, Southeast Asia's largest economy, has been a key market for Shandong Heavy Industry for more than three decades.
  • The country will be the third stop for Shandong Heavy Industry - Weichai Power's Global Partner Conference, following similar events recently held in Central Asia and the Middle East.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/shandong-heavy-industry---weich...
    SOURCE Shandong Heavy Industry Group; Weichai Power Co.,Ltd

Michael Larsson Announced as New President of Dematic and Member of Executive Board of KION Group AG

Retrieved on: 
Tuesday, January 9, 2024
Senior, E-commerce, COVID-19, KION, Automation, CFO, Business administration, Robotics, ABB, KION Group, ITS, Growth

ATLANTA, Jan. 9, 2024 /PRNewswire/ -- Dematic today announced that KION Group AG (KGX.DE) has appointed Michael Larsson as President of Dematic Corp. and Member of the Executive Board of KION Group AG.

Key Points: 
  • ATLANTA, Jan. 9, 2024 /PRNewswire/ -- Dematic today announced that KION Group AG (KGX.DE) has appointed Michael Larsson as President of Dematic Corp. and Member of the Executive Board of KION Group AG.
  • In his Board-assignment Larsson will also have responsibility for the KION Industrial Truck Segment (ITS) for the Americas while retaining responsibility for the Dematic Americas region.
  • He will expand our integrated solutions strategy on lighthouse projects with top customers," said Rob Smith, CEO of KION GROUP AG.
  • Prior to joining Dematic, Larsson served as Senior Vice President and Managing Director of ABB's Automotive Business Unit.