The Powerhouse Behind VinFast’s Electric Vehicle Ambitions
HANOI, VIETNAM - Media OutReach Newswire - 27 May 2024 - Leveraging Vietnam's production strengths and backed by Vingroup, the country's largest private conglomerate, Vietnamese electric vehicle maker VinFast is poised for expansion in the European market.
Vietnam's richest man is pouring resources into VinFast, the electric vehicle arm of Vingroup, Vietnam's largest private company. This move signals a strong belief in the future of electric mobility.
At Vingroup's annual general meeting of shareholders, Pham Nhat Vuong, Vingroup's Chairman reaffirmed the corporation's commitment to its electric vehicle subsidiary, VinFast. "The electric vehicle market will continue to grow," Vuong declared. "VinFast is Vingroup's mission, honor, and future, and I will not give up on VinFast."
Vuong's statement underscored his confidence in the electric vehicle industry's unwavering trajectory. It also signaled Vingroup's role as a financial backing for VinFast's international aspirations.
Multi-industry Corporation from Vietnam, a New Manufacturing Powerhouse
A recent survey by the European Chamber of Commerce in Vietnam (EuroCham) indicates growing optimism in the country's economy among European businesses. The EuroCham Business Confidence Index, conducted by Decision Lab, reached a six-quarter high of 52.8 in the first quarter of 2024.
Vietnam's economic rise is also reflected in the success of domestic corporations like Vingroup. This diversified conglomerate is a major player in the economy, contributing an estimated 1.6 percent of Vietnam's 2023 GDP. Vingroup operates across three core sectors: technology-industry, trade & services, and social enterprise.
While all of Vingroup's businesses contribute to its success, the real estate and electric vehicle segments have emerged as the primary revenue drivers in 2023, exceeding 6.5 billion USD combined. In the first quarter of 2024 alone, the company achieved total consolidated net revenue of 853.7 million USD and consolidated after-tax profit of 52.5 million USD.
Manufacturing emerged as the key driver of this growth, with revenue reaching 238.2 million USD, a significant 3.4-fold increase compared to the same period in 2023. This highlights the growing strength of Vingroup's manufacturing sector.
In fact, Vietnam has emerged as a manufacturing powerhouse, attracting global companies seeking to diversify supply chains. Low labor costs, a skilled workforce, and open investment policies fuel this growth. However, Vietnam has long aspired to develop its own independent automotive industry, complete with a domestic supply chain.
Prior to VinFast's appearance, the Vietnamese auto sector relied heavily on imports, with limited local assembly and underdeveloped supporting industries. Despite these challenges, Vietnam's automotive market boasts immense potential, with a car ownership rate of just 23 per 1,000 people – one of the lowest globally.
VinFast has become a key player in fostering an independent and proactive Vietnamese auto supply chain. This, in turn, elevates the national brand on the world stage. Just seven years after unveiling its first models at the Paris Motor Show, Vingroup's chairman, the founder of VinFast, has been included in a prestigious list of the most influential figures in the global auto industry.
VinFast's global expansion plan was recently underscored by the inclusion of Vingroup's chairman and VinFast's CEO, Pham Nhat Vuong, on the 2024 MotorTrend Power List. Notably, Vuong is the only honoree from Southeast Asia, highlighting his visionary leadership and the groundbreaking work underway at VinFast. This recognition underscores VinFast's rapid rise and its potential to disrupt the established automotive landscape.
Highlighting his belief in VinFast's future, Vuong confirmed a personal investment of an additional $1 billion into the electric vehicle manufacturer.
VinFast's distinct advantage in the competitive European market
2023 was a good year for the car industry in Europe, with sales in the European Union jumping nearly 14% to over 10.5 million units, according to the European Automobile Manufacturers Association (ACEA). This marks the highest level of new car registrations since before the pandemic.
A significant shift occurred in consumer preferences, with battery-electric vehicles (BEV) becoming the third-most popular choice, surpassing diesel cars for the first time. BEV sales surged by 37%, capturing a 14.6% market share (up from 12.1% in 2022) with over 1.5 million units sold. This momentum is expected to continue, with projections suggesting BEVs could outsell traditional internal combustion engine (ICE) vehicles in Europe by 2025.
The rise in European demand for electric vehicles is attracting automakers worldwide. Meanwhile, the long-standing cooperation between Vietnam and the EU, further solidified by frameworks like the EVFTA (EU-Vietnam Free Trade Agreement) and EVIPA (EU-Vietnam Investment Protection Agreement), could prove advantageous for Vietnamese EV manufacturers seeking to establish themselves in the European market.
Vietnamese electric vehicle maker is accelerating its push into the European market with a key partnership announced this week. The company signed a cooperation agreement with Bosch, a global leader in automotive technology and services. This deal grants VinFast customers in Europe access to Bosch's expansive network of charging stations, a significant boost for EV adoption and travel convenience.
Vingroup's Tech Ecosystem Propels VinFast's Electric Vehicle Push
Forging strategic partnerships and prioritizing consumer-centric technology features, VinFast aims to carve a niche in the competitive European electric vehicle market. The company's product portfolio emphasizes innovative features that enhance the driving experience. This focus, coupled with the backing of its parent company, Vingroup, positions VinFast for potential success in Europe.
VinFast's parent company brings more than just financial muscle to the table. It also provides a comprehensive technological ecosystem that empowers VinFast to develop cutting-edge, smarter electric vehicles that surpass gasoline-powered rivals. Vingroup's technology ecosystem several specialized entities:
•VinBigData: Established on the bedrock of Vingroup Big Data Institute's data science and AI expertise, VinBigData delivers cutting-edge products like ViVi (smart voice assistant) and AI Camera.
•VinAI: A leader in smart mobility solutions, VinAI empowers automakers to elevate vehicle performance through advanced AI technologies. Their innovations are already integrated into VinFast models and those of European automakers. Notably, VinFast's collaboration with VinAI on VinFast MirrorSense, the world's first AI-driven automatic mirror adjustment technology, recently earned an Innovation Award at CES 2024.
•VinES: With a focus on research, development, and production of batteries, VinES plays a crucial role in solidifying VinFast's self-sufficiency in battery technology. Last year's merger between VinES and VinFast further strengthens VinFast's position in the competitive EV market.
•VinCSS: Cybersecurity takes center stage with VinCSS, which provides passwordless authentication solutions and IT security services.
•VinHMS: Optimizing business operations is VinHMS's forte. This software company delivers high-quality tech products specifically designed to streamline enterprise activities.
•VinBrain: Revolutionizing healthcare with AI, VinBrain leverages cutting-edge technology to create tailored solutions for the medical sector.
Recently, Vingroup has earned the prestigious AIBP 2023 ASEAN Tech for ESG Award, solidifying its position as a leader in sustainable development across Southeast Asia. As a regional multi-industry conglomerate, Vingroup is driving a greener future through digital initiatives focused on ESG principles.
Leveraging cutting-edge technologies like AI, IoT, robotics, immersive tech, and blockchain, Vingroup addresses sustainability challenges across its diverse portfolio covering the technology industry, trade & services, and social enterprise.
VinFast serves as the final piece of Vingroup's ambitious puzzle, driven by a vision to elevate the lives of everyone with smarter technologies.
Vingroup's chairman emphasizes social responsibility as a key motivator for investing in VinFast. He aspires to establish VinFast as a prestigious Vietnamese brand on the global stage. Mr. Vuong acknowledges the long-term commitment required and pledges to dedicate significant resources from both Vingroup and himself to ensure VinFast's success.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
Immediapress
Serie A – Roma-Lazio: derby della capitale tra rivalsa e...
Roma, 02 gennaio 2025 – Ultima di andata in Serie A ma prima giornata del 2025 in un turno che presenta solo sette partite perché Inter, Atalanta, Juventus e Milan sono impegnate in Supercoppa. Gli occhi di tutti saranno domenica sera quando, nel posticipo, andrà in scena il derby della Capitale: Roma-Lazio. Una stracittadina con due squadre agli antipodi in questa prima metà di stagione: i giallorossi, indietro di 15 punti rispetto ai cugini, provano a risalire la china dopo un inizio choc; i ragazzi di Baroni sognano di agganciare la qualificazione alla prossima Champions League. Ma, si sa, il derby sfugge a ogni pronostico e così, secondo gli esperti Sisal, è proprio la Roma a partire favorita a 2,50 rispetto al 3,00 della Lazio mentre il pareggio è offerto a 3,10. Due dati in contrapposizione: Dybala e compagni hanno vinto solo una volta negli ultimi cinque incroci con i biancocelesti ma Claudio Ranieri, il derby della Capitale, lo ha sempre vinto. Da sei partite segna solo una delle due squadre, il No Goal si gioca a 2,00, mentre quattro delle ultime cinque sono terminate con il risultato esatto di 1-0: lo stesso punteggio è offerto a 8,75 per la Roma mentre si sale a 9,75 per la Lazio. La possibilità che venga fischiato un rigore è in quota a 2,50 mentre si sale a 2,70 per una espulsione. Si preannuncia una sfida tra bomber, fantasisti e protagonisti inattesi: Dovbyk, a 3,00, se la vedrà con Castellanos, dato a 3,25; Dybala, gol o assist a 2,15, fronteggerà Zaccagni, in quota a 2,60 per una rete o un passaggio vincente mentre Gianluca Mancini sogna di ripetere il gol vittoria dell’ultima volta, ipotesi che pagherebbe 12 volte la posta. In casa Lazio attenzione a Dele-Bashiru, offerto a 6,00, che ha il piede caldo.
Il secondo big match di giornata va in scena al Franchi dove la Fiorentina riceve il Napoli. I toscani, attualmente quinti ma con una gara da recuperare, cercano di invertire la rotta delle ultime giornate visto che non vincono da 4 turni; gli azzurri vanno invece a caccia del quinto successo nelle ultime sei uscite in Serie A. Gli esperti Sisal vedono il Napoli favorito a 2,40, la vittoria della Fiorentina a 3,10 con il pareggio offerto alla stessa quota. Sfida che si giocherà sugli episodi visto che si affrontano le due migliori difese del campionato: l’Under, a 1,65, si fa preferire all’Over, dato a 2,10. Episodi si diceva: un gol dalla panchina, a 2,75, o una rete da fuori area, a 2,50, potrebbero indirizzare il match al pari di un’autorete, offerta a 9,00. Fiorentina-Napoli sarà anche la sfida fra bomber: Moise Kean a segno è dato a 3,50 mentre Romelu Lukaku che sblocca la gara come primo marcatore si gioca a 5,50.
Match delicatissimo quello che vede fronteggiarsi Monza e Cagliari, entrambe alla ricerca disperata di punti salvezza: biancorossi favoriti a 2,45 rispetto al 3,00 degli isolani. Venezia, vincente a 2,30, ed Empoli, tre punti a 3,40, non possono permettersi altri passi falsi al pari del Lecce, dato a 2,60, che riceve il Genoa, blitz a 2,90. La giornata è completata dal Verona, in quota a 3,25, che riceve l’Udinese, successo a 2,50, e dalla sfida tra Torino, a 1,85, e Parma, trionfo a 4,25, che promette spettacolo.
Sisal ricorda sempre che il gioco è vietato ai minori e che bisogna giocare sempre
con consapevolezza e moderazione.
* * *
Sisal è uno dei principali operatori internazionali nel settore del gioco regolamentato ed è attualmente attiva in Italia, Marocco e Turchia, con un’offerta che comprende lotterie, scommesse, giochi online e apparecchi da intrattenimento.
La strategia di Sisal poggia su tre pilastri: la sostenibilità, con un impegno costante sullo sviluppo del programma di Gioco Responsabile e attraverso l’offerta di un modello di intrattenimento sicuro e trasparente - l’innovazione digitale, grazie alla piattaforma di gioco all’avanguardia orientata all’omnicanalità e alle competenze per lo sviluppo in-house di software e applicazioni per cogliere le opportunità della transizione digitale - l’internazionalizzazione, con l’obiettivo di partecipare a gare per aggiudicarsi nuove concessioni all’estero sulla base della solida expertise maturata.
Dal 4 agosto 2022 Sisal è parte di Flutter Entertainment plc, il più grande operatore al mondo di scommesse sportive online e iGaming, con un portafoglio di marchi riconosciuti a livello globale e quotato alla Borsa di New York e Londra.
Sisal Italia S.p.A.
Ufficio stampa: Tel. 347 3649044
Immediapress
Hong Kong: proudly helping to take China’s aviation...
HONG KONG SAR - Media OutReach Newswire - 2 January 2025 - With much fanfare, Hong Kong welcomed the inaugural scheduled commercial flight outside of Mainland China of the country’s first domestically developed and built C919 passenger jet aircraft on January 1, 2025.
The C919 aircraft receives a water salute at Hong Kong International Airport and warm welcome by Secretary for Transport and Logistics Mable Chan (first left).
Operated by China Eastern Airlines, the C919 has taken up a daily round-trip route between Hong Kong International Airport (HKIA) and Shanghai Hongqiao International Airport, marking an historic milestone for the home-grown narrow-body aircraft in accordance with international airworthiness standards, and a new phase for Hong Kong as a global aviation hub.
“We hope that through this scheduled commercial flight, we can bring this historic innovation breakthrough in the Mainland's production of civil aviation aircraft to our Hong Kong citizens, as well as to the international visitors coming to Hong Kong,” said Mable Chan, Secretary for Transport and Logistics.
“We do hope that through this inaugural flight, we can innovate and establish ourselves in civil aviation, so as to demonstrate our position under ‘one country, two systems’ and our advantage of facilitating the Mainland’s achievements to flourish with Hong Kong's position.”
She highlighted three areas where Hong Kong could demonstrate its strengths and advantages. First, aircraft maintenance. HKIA has rich experience and comprehensive ancillary facilities that can fully support the maintenance of China-made aircraft outside of the Mainland. Second, training. The Hong Kong International Aviation Academy is an important aviation training centre in Asia, and is considering expanding its training programmes to cover areas related to C919. Third, aircraft leasing. With a preferential tax regime for aircraft leasing, coupled with Hong Kong’s well-established legal and financial systems as well as being the world’s largest offshore renminbi business centre, the city has an edge in aircraft leasing and can help the expansion of China-made aircraft in the international market through “finance leasing” in the city.
Earlier, Chan thanked the Civil Aviation Administration of China for its continued strong support of Hong Kong, and said the C919 scheduled commercial flights would give more Hong Kong residents “a chance to step on the C919 and experience the remarkable achievements of the nation's aviation development.”
“As an international aviation hub located in the heart of Asia, with half of the world's population within a five-hour flight, and with the newly opened three-runway system (3RS), Hong Kong will continue to capitalise on its unique advantage of connecting the nation and the world under ‘one country, two systems’,” Chan said.
A C919 flight demonstration over Hong Kong on December 16, 2023.
On November 28, 2024, the eagerly anticipated 3RS at HKIA was commissioned, ushering in a new era for Hong Kong’s aviation industry and its role in propelling related economic activities.
With the 3RS in full swing, HKIA, already the world’s busiest air cargo hub, would be able to increase handling capacity by about 50%, to some 120 million passengers and 10 million tonnes of cargo a year by 2035.
More than a city airport, HKIA has evolved into an Airport City and new projects include, among other things, creating an ecosystem for the arts industry, building the AsiaWorld-Expo Phase 2, developing a yacht bay with ancillary facilities and opening a food market for imported fresh food. Indeed, Hong Kong aims to expand the scale of the Airport City by more than double, building a new, world-leading landmark.
Immediapress
AlphaX DEX Supports USDT Trading of Memecoins on Solana,...
SYDNEY, AUSTRALIA - Media OutReach Newswire - 1 January 2025 - With the rapid development of the Web3 ecosystem, 2024 undoubtedly marks a pivotal moment in the blockchain industry. This year, Memecoins have transformed from speculative assets into a mainstream cultural phenomenon, becoming a key driver of widespread consensus and wealth transfer. As new issuance models and evolving asset types continue to emerge, the substantial investment opportunities they present have drawn an increasing number of users into the market.
In this trend, Memecoins on the Solana blockchain have demonstrated strong growth potential within the "Memes Supercycle," while Ethereum-based Memecoins continue to experience explosive growth. Furthermore, Base, an emerging public chain, has seen rapid success in the Memecoin space, quickly surpassing many traditional blockchain platforms to become a hotbed for investors. In 2024, classic Memecoins like Doge, Pepe, and SHIB have posted average gains of over five times, while MooDeng and PNUT have seen returns exceeding 100 times. Now, the AI segment is gearing up, with coins such as $ai16z, $Luna, $GOAT, $virtual, and $AIXBT gaining traction. These impressive results highlight that the earlier one enters the Memecoin markets on these chains.
However, despite the immense potential of the Memecoin market, the complexities and barriers of on-chain trading have deterred many new users from participating. From wallet setup and private key management to gas fees, token conversions, and the overwhelming number of trading pairs, these challenges have kept many investors on the sidelines.
To address this, AlphaX.com launched its Memeshot project in early December 2024, aimed at simplifying the Memecoin trading process and lowering the barriers for all users to enter the on-chain crypto market. As a decentralized exchange, AlphaX not only offers a smooth user experience comparable to traditional centralized exchanges, but also becomes the first decentralized exchange to support USDT-based purchases of on-chain Memecoins. This innovative approach makes Memecoin trading more intuitive and convenient, allowing more new users to easily get started.
Notably, AlphaX has demonstrated impressive speed in updates and iterations. In less than a month, AlphaX has already enabled trading Memecoins across three major blockchains: Solana, Ethereum, and Base. This means that users holding USDT or USDC can now directly search for and trade their desired Memecoins on AlphaX, completing transactions quickly without waiting for centralized exchange listing processes. For long-term Memecoin investors, AlphaX undoubtedly provides a more efficient and user-friendly trading platform.
With AlphaX, you can easily seize investment opportunities in these popular Memecoins while enjoying the autonomy, security, and flexibility offered by a decentralized platform. Join AlphaX now, explore your Memecoin trading journey, and position yourself for the next wave of market growth.
AlphaX
AlphaX is a cutting-edge decentralized exchange for perps with up to 125x leverage and will support meme spots in December.
With a strong foundation built by industry veterans and a commitment to user security and satisfaction, AlphaX is your gateway to the future of investment. AlphaX provides 100% on-chain trading with decentralized security, self-custody wallet integration, and a permanent NO-KYC policy, ensuring complete privacy. With ultra-fast transaction speeds and access to high-potential assets, AlphaX is a versatile platform for traders looking for flexibility and reliability in their trading journey.