CAAM

China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023

Retrieved on: 
Thursday, March 28, 2024
Research, China Automotive Systems, Growth, EPS, CAAS, G&A, Public expenditure, Transport, CAAM, Statistics, OEM, Investment, GDP, Car, Video game

WUHAN, China, March 28, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2023.

Key Points: 
  • We posted a 24.6% increase in our electric power steering ("EPS") products which now accounts for 33.8% of total net sales in 2023.
  • In the fourth quarter of 2023, net sales increased by 23.6% to $159.2 million compared to $128.8 million in the same quarter of 2022.
  • Diluted income per share was $0.36 in the fourth quarter of 2023, compared to diluted income per share of $0.14 in the fourth quarter of 2022.
  • Diluted net income per share increased by 81.2% to $1.25 in 2023 compared to $0.69 in 2022.

NaaS Technology Establishes Strategic Partnership with SHNE to Jointly Build New Energy Market

Retrieved on: 
Wednesday, December 20, 2023
Motherboard, HKD, BIPV, Ecosystem, Statistics, PV, EPC, CAAM, HKEX, Wind, Heat, EVS, Network as a service, Hong Kong International Airport, RMB, Electricity, CIC, International airport, Science park, Carbon, EV

HONG KONG, Dec. 20, 2023 /PRNewswire/ -- On December 20, NaaS (NASDAQ: NAAS), a global new energy asset operator and its subsidiary Sinopower Holding (Hong Kong) Co., Ltd. (Sinopower HK) formed strategic partnerships with Shandong Hi-Speed New Energy Group Limited (SHNE) (01250.HK).

Key Points: 
  • HONG KONG, Dec. 20, 2023 /PRNewswire/ -- On December 20, NaaS (NASDAQ: NAAS), a global new energy asset operator and its subsidiary Sinopower Holding (Hong Kong) Co., Ltd. (Sinopower HK) formed strategic partnerships with Shandong Hi-Speed New Energy Group Limited (SHNE) (01250.HK).
  • Wang Yang, Founder and CEO of NaaS, said, "In cooperation with SHNE, we take one step forward in expanding our new energy service landscape and engaging in the segment and overall cooperation in the new energy industry chain.
  • Heretofore, NaaS and Sinopower HK had participated in building a slew of new energy projects.
  • The company now has total supremacy on local roofing and commercial/industrial BIPV project, as evidenced by market share of 35%.

NaaS Digital Energy Solutions Launch at CIIE 2023

Retrieved on: 
Monday, November 6, 2023
Laboratory, HKEX, China International Import Expo, Attention, EV, Temperature, Hong Kong International Airport, Times Square (Hong Kong), Government, PACK, PV, Emergency management, Network as a service, AC, Certification, Organization, Carbon, International airport, Original equipment manufacturer, Maintenance, Ministry, BMS, Energy management system, Environment, NAAS, CAAM, EMS, Ministry of Emergency Management, V2X, DCFC, EPC, Information technology, Safety, AI, EVS, Deep learning, Ministry of Industry and Information Technology, Renewable energy, Growth

The Company showcased their contribution to upgrading global new energy service industry by unveiling cutting-edge digital energy solutions, including energy storage systems, charging robots, PV solutions, exported product testing and certification and other innovation-driven products and services.

Key Points: 
  • The Company showcased their contribution to upgrading global new energy service industry by unveiling cutting-edge digital energy solutions, including energy storage systems, charging robots, PV solutions, exported product testing and certification and other innovation-driven products and services.
  • The built-in Energy Management System (EMS) can tailor energy storage and operation strategies for stations.
  • As an international new energy asset operator, NaaS serves to increase industrial efficiency by leverage of digital technologies and AI.
  • As of September 30, 2023, NaaS has connected over 767,000 chargers, covering over 73,000 charging stations; the charging volume in the third quarter of 2023 represented 21.8% of the public charging volume in China.

NaaS Teams Up with Hyundai to Boost EV Charging Services and Business Ventures

Retrieved on: 
Wednesday, August 16, 2023
Partnership, EV, Hyundai Motor Group, NAAS, Network as a service, EVS, Hyundai, CAAM, Automotive industry

Beijing, China, Aug. 16, 2023 (GLOBE NEWSWIRE) -- NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop efficient charging management service for Hyundai car owners.

Key Points: 
  • Beijing, China, Aug. 16, 2023 (GLOBE NEWSWIRE) -- NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop efficient charging management service for Hyundai car owners.
  • The partnership between NaaS and Chinese entity of Hyundai Motor Group made charging services and solutions for order management to be equipped with Hyundai models.
  • Through cooperation with NaaS, Hyundai Motor Group will continue to improve and expand charging services to provide EV car owners with a more convenient and updated charging service experience.
  • The charging volume in the first quarter was 1.023 billion kWh, representing 21% of the public charging volume in China.

NaaS and Hyundai Reached an EV-Charging Business Partnership

Retrieved on: 
Wednesday, August 16, 2023
Hardware, EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Other Automotive, Technology, Automotive Manufacturing, Manufacturing, Partnership, Hyundai Motor Group, NAAS, Multimedia, EVS, Hyundai, CAAM, Automotive industry, Network as a service

NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop an efficient charging management service for Hyundai car owners.

Key Points: 
  • NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop an efficient charging management service for Hyundai car owners.
  • View the full release here: https://www.businesswire.com/news/home/20230816866760/en/
    NaaS and Hyundai Motor Group(China) signing ceremony in Beijing (Photo: Business Wire)
    The partnership between NaaS and Chinese entity of Hyundai Motor Group made charging services and solutions for order management to be equipped with Hyundai models.
  • Hyundai car owners can check charging and charger installation status in real-time through a smart service App or at the center console.
  • As of March 31, 2023, NaaS’ extensive network has connected 55,000 charging stations and 575,000 chargers as of March 31.

Global Cathodic Electrodeposition Coating Market Insights and Projections by Application and Region 2023-2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, August 14, 2023
Chemicals, Plastics, Other Manufacturing, Manufacturing, Marketing, DuPont, European Automobile Manufacturers Association, PPG Industries, Axalta, US, Application, ACEA, Growth, Region, Transport, CAAM, Compact Disc manufacturing

The "Cathodic Electrodeposition Coating Market, By Application, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Cathodic Electrodeposition Coating Market, By Application, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
  • Key players in the cathodic electrodeposition coating market are strategizing for business expansion to establish a strong global presence.
  • The report provides an in-depth analysis of the cathodic electrodeposition coating market, including market size, growth rate, and potential revenue opportunities across different segments.
  • Global Cathodic Electrodeposition Coating Market, By Region, 2017-2030 (US$ Million & Tons)

Quhuo International Expedites Overseas Business Expansion: First New Energy Vehicle Export Collaboration Project Lands in Jordan.

Retrieved on: 
Wednesday, July 5, 2023
Partnership, NEVS, GAC Group, NEV, Growth, Transport, CAAM, Drug, Renewable energy

BEIJING, July 5, 2023 /PRNewswire/ -- Quhuo International announced the successful implementation of its first business collaboration in Jordan.

Key Points: 
  • BEIJING, July 5, 2023 /PRNewswire/ -- Quhuo International announced the successful implementation of its first business collaboration in Jordan.
  • Moreover, Quhuo International is also planning to establish a global vehicle trading platform to innovate the forms of vehicle transactions.
  • Through innovative transaction models, Quhuo International aims to bring forth more business opportunities and collaboration prospects for all stakeholders in the industry, fostering the development of international automotive trade.
  • Mr. Liang Bo, the General Manager of Quhuo International, believes, "This collaboration is not only our first project involving overseas countries since our establishment but also a crucial step in expanding our overseas business strategy.

NaaS Delivers Remarkable Q1 2023 Financial Results with 150% YoY Growth in revenue

Retrieved on: 
Friday, June 16, 2023
DER, EV, CAAM, Internet of things, Ministry of Public Security (China), Electricity, EPC, Public, USD, CIC, EVS, Ministry, US, Acquisition, Algorithm, Yoy, Growth, Ecosystem, Alliance of Automobile Manufacturers, RMB, HK, Tourism, Cryptocurrency, Renewable energy, Network as a service

Despite the prevailing challenges facing the global economy in 2023, NaaS continues to exhibit a rapid growth.

Key Points: 
  • Despite the prevailing challenges facing the global economy in 2023, NaaS continues to exhibit a rapid growth.
  • In Q1 2023, the company’s revenue surged to RMB 36.2 million (or USD 5.3 million), representing an exceptional 150% YoY increase.
  • In Q1 2023, NaaS experienced remarkable growth in its charging operations.
  • "In the first quarter of 2023, we achieved strong business growth and solid financial performance," added Mr. Alex Wu, NaaS' president and chief financial officer.

Global Electric Car Batteries and Hydrogen Markets for Mass E-Mobility Analysis Report 2023: Start-ups Aim at Solving the Technological Challenges of EV Batteries - ResearchAndMarkets.com

Retrieved on: 
Friday, June 9, 2023
Alternative Vehicles, Fuels, Automotive, Hydrogen, Sodium, VW, EV, Battery swapping, Automotive industry, CATL, NEVS, ICE, Volvo, Anxiety, PHEV, NEV, Policy, Battery, Ford, Cell, LFP, Carbon, Recycling, New energy, Kilowatt-hour, BEV, QuantumScape, EVS, HEV, Hyundai, Mass, ACEA, China Europe International Business School, Tesla, Battery electric vehicle, Cobalt, Jaguar Land Rover, CAAM, Electric battery, Renewable energy, Video game, Mobile phone, Lithium, EU

The "Future of Electric Car Batteries and Hydrogen for Mass E-Mobility" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Future of Electric Car Batteries and Hydrogen for Mass E-Mobility" report has been added to ResearchAndMarkets.com's offering.
  • This report examines the impact of technology and market forces to unveil the future of battery and hydrogen mobility.
  • China has recently published legislation obliging battery and EV manufacturers to recycle exhausted EV batteries at the end of their first life.
  • Electric car sales (BEV + PHEV) reached 1.7m, or 20.4% of the mix with HEVs accounting for 23.7%.

Global Electric Car Batteries and Hydrogen Markets for Mass E-Mobility Analysis Report 2023 Featuring CATL, Everledger, Ford, IonQ, Jaguar Land Rover, QuantumScape, Solid Power, Tesla, Volvo, & VW

Retrieved on: 
Friday, June 2, 2023
Hydrogen, Sodium, VW, EV, Battery swapping, Automotive industry, CATL, NEVS, ICE, Volvo, Anxiety, PHEV, NEV, Policy, Battery, Ford, Cell, LFP, Carbon, Recycling, New energy, Kilowatt-hour, BEV, QuantumScape, EVS, HEV, Hyundai, Mass, ACEA, China Europe International Business School, Tesla, Battery electric vehicle, Cobalt, Jaguar Land Rover, CAAM, Lithium, Electric battery, Renewable energy, Video game, Mobile phone, EU

DUBLIN, June 2, 2023 /PRNewswire/ -- The "Future of Electric Car Batteries and Hydrogen for Mass E-Mobility" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 2, 2023 /PRNewswire/ -- The "Future of Electric Car Batteries and Hydrogen for Mass E-Mobility" report has been added to ResearchAndMarkets.com's offering.
  • This report examines the impact of technology and market forces to unveil the future of battery and hydrogen mobility.
  • Sodium is abundant, less expensive and the batteries are non-flammable, so CATL plans to ramp up production by 2023.
  • Electric car sales (BEV + PHEV) reached 1.7m, or 20.4% of the mix with HEVs accounting for 23.7%.