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PR Newswire

Segway-Ninebot’s Smart E-Scooter Production Surpasses 10 Million Units

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BEIJING, April 15, 2022 /PRNewswire/ — Segway-Ninebot held a ceremony in Beijing on April 13th to celebrate its 10 millionth smart e-scooter rolling off production lines.  Segway-Ninebot President and CTO Chen Zhongyuan shared theme keynote “Segway-Ninebot’s cumulative production of smart e-scooter exceeds 10 million units” to address how Segway-Ninebot assumes the role of a world leader in the smart electric scooter sector.

Segway-Ninebot’s Smart E-Scooter Production Surpasses 10 Million Units
Segway-Ninebot’s Smart E-Scooter Production Surpasses 10 Million Units

Segway-Ninebot’s growth into a global leader in the e-scooter sector is due to key decisions that were undertaken early on about the direction of the company’s R&D, along with the results of the comprehensive strengths of its product lineup, branding and business model. “Segway-Ninebot’s vision, to serve more than one billion people with innovative short-distance transportation and robotic products, is the original intent and driving force of our e-scooter portfolio. Electric scooters are also the inevitable choice for us to expand the tool categories and build out the portfolio in short-distance travel between 2 and 20 kilometers,” Chen explained.

The electric scooters market surged tenfold in the European and American markets in 2017 and has continued growing steadily since then. Data from Puyallup, WA-based report publisher QYResearch shows that the global production of electric scooters had reached 4.25 million as of the end of 2020. From 2017 to 2020, Segway-Ninebot’s compound revenue growth rate for e-scooters rose to 132.22%.

As a key component of the business model, the company not only rolled out top quality intelligent e-scooters through both online and brick-and-mortar channels, but also aggressively established a presence in the market by taking early notice of and catching the wave of popularity taking place in foreign markets for shared scooters. Early on, the company struck deals with several major shared micro mobility operators worldwide, providing them with a full set of mobility solutions from product to behind-the-scenes operation and management.

According to Nuremberg, Germany-based consumer goods industry analytics provider GfK, from January 2019 to February 2020, Segway-Ninebot ranked first in the electric scooter markets of Germany, Italy, Spain and other major European countries, while most shared electric scooter operators signed deals with the company as the exclusive or first choice supplier. Now, Segway-Ninebot has become a world-leading supplier of shared micro-mobility solutions by working closely with Spin, Voi and other likeminded players.

The company has also developed a B2B2C business model, and jointly launched customized smart electric scooters with several auto brands including Mercedes-Benz AMG, Audi Seat and Maserati to solve the “last mile” of transportation problem.

Meanwhile, Segway-Ninebot is also aggressively developing new products to meet the differentiated expectations of riders with “diversified” product strategies. Three categories, consisting of nine series, were created to meet the requirements for short commutes (3-30km), long commutes (30-60km) and high-performance rides (60-100km). The nine series include the light and fashionable E series, the “comfort-first”, science-driven F series, and the reliable and practical G series, among others.

In terms of innovation, the company is always looking at new technologies and adjusting its approach based on the latest tech and scientific advancements. In a move to deliver a better cycling experience to riders, Segway-Ninebot co-developed vacuum inflatable tires with several partners by leveraging i-Sealing technology. The resultant tire not only delivers higher durability and safety, but is also immune to blowouts or leaks even when driving over an upright nail. Furthermore, the company’s e-scooters deploy a steel-pipe frame for higher stability and reliability. A proprietary battery safety management system provides double protection against short-circuits, overcurrent, overcharging and overdischarging in tandem with other safety features, assuring the safe operation of the batteries.

Not to be overlooked is that since Ninebot acquired Segway, the power of the brand has been further enhanced, while the global product portfolio has been expanded. Internal resource sharing since the acquisition has effectively improved the comprehensive advantages of the scooter lineup. Results from over 1 million pieces of customer’s survey and feedback show that Segway-Ninebot optimized the user experience for riders, which has been further empowering the digital platform. Benefiting from its large scale and dominant market share among international markets, the company has achieved cost control, joint development, massive supply and agile response through supply chain optimization, increasing product reliability while reducing costs.

To date, the company has production facilities in Changzhou and Shenzhen, with the annual production capacity of smart e-scooters reaching 4 million units, ensuring stable product supply to global markets.

 “Now that the milestone of 10 million units has been reached, the company will continue to improve product life and service, while continuing in its efforts to further promote the development of the industry,” emphasized Chen.

The Segway Super Scooter GT series, a top product in the electric scooter category that was just released in March, was also showcased at the event. The Segway Super Scooter GT series (GT 1 and GT2) have built a reputation as the supercar of the electric scooter world, with a top speed of 37.3 mph (in US market) and 43.5 mph respectively. The GT1 hits 30 mph from zero in 7.5 seconds, while the GT2 does so in just 3.9 seconds. These are not only more than enviable numbers for the daily commute, but also more than meet the expectations of players seeking an extreme experience with their ride.

For more information, please visit Segway-Ninebot. 

About Segway-Ninebot

Segway-Ninebot is a global enterprise in the fields of intelligent short-distance transportation and service robots. In 1999, Segway was established in Bedford NH, US, which is the world leader in commercial-grade, electric, self-balancing personal transportation. Ninebot is an intelligent short-distance transportation equipment operator integrating R&D, production, sales, and service, established in Beijing, 2012. As Segway and Ninebot completed a strategic combination in 2015, Segway-Ninebot came into being. At present, the company’s businesses are all around the world and have subsidiaries in Beijing, New York, Seattle, Los Angeles, Dallas, Amsterdam, Seoul, Paris, Barcelona, Munich, Shanghai, Changzhou, Shenzhen and Hangzhou, selling products in more than 225 countries and regions. With its world-renowned intellectual property, Segway-Ninebot will create more products that will lead users and the entire industry into the future.

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PR Newswire

First-of-its-kind study reveals gaps in knowledge and attitude to conquer supply chain complexities

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HAMBURG, Germany, April 12, 2022 /PRNewswire/ — End-to-end digitization is a top priority for supply chain professionals, according to the Körber Supply Chain Benchmarking Report 2022 to examine industry best practices to advance operational performance.

Digitization and process automation is the highest priority for 84% of all businesses.
Digitization and process automation is the highest priority for 84% of all businesses.

Awareness of the external factors driving supply chain complexity is high. Yet, there is room for improvement in implementing measures to increase customer satisfaction, labor efficiency, or process automation. This is the conclusion of Körber’s Supply Chain Benchmarking Report, according to which a majority of businesses struggle with the rapid expansion of e-commerce and increasing interconnectivity of the global economy.

The results, based on a representative survey among more than 200 companies, shed unparalleled insight into key challenges in the industry, as well as best practices to improve supply chain performance and operation. The survey found that digitization is a strategic priority for 84% of surveyed businesses; however, only a minority uses automated, paperless end-to-end processes throughout their supply chain. Displaying the relevance of (cross-site) management software, employee engagement tactics (e.g. voice), or sustainability concerns, the report serves as an important resource for supply chain professionals to identify where they are performing well – and where there is greatest potential for improvement.

“The research demonstrates that companies recognize increasing supply chain complexities and are acting to leverage the potential of the digital era. There is a growing awareness that many challenges can be overcome, and a competitive advantage gained, with supply chain technology. 35% identified as leaders perform outstandingly well through investing in employee engagement, concrete implementation plans for sustainable practices and through advanced levels of digitization with consistent process automation,” says Rene Hermes, Executive Vice President and Chief Marketing Officer at Körber Supply Chain – Software.

Körber’s Supply Chain Benchmarking Report 2022 was divided into six operational areas: Labor engagement, efficiency and safety, end customer experience, sustainability, agility and resilience, digitization and process automation and facility optimization. Based on this, participating companies were grouped into the following maturity levels: leader, advanced, developing and initiating. Of this, 35% were identified as “leaders” (top performers), differentiated with future-proof processes.  

Key results from the Körber Supply Chain Benchmarking Report 2022:

  • Two thirds of supply chain executives are not satisfied with their staffing levels. As a result, gamification and other technologies to increase employee engagement are being deployed on a wider scale among 73% of leaders.
  • 92% of respondents see a direct influence of customer satisfaction on supply chain performance. This explains why order management systems (OMS) are on the rise. These solutions directly impact the accuracy, speed and cost of fulfillment. All leaders in this category use an OMS, whereas this is the case for just more than half of advanced businesses.
  • Sustainability is especially important – a top priority for 89% of businesses. Leading companies are three times more likely to shift to more sustainable packaging materials and four times more likely than advanced companies to implement circular economy projects.
  • Digitization and process automation is the highest priority for 84% of all businesses. Within this operative area, 59% of leaders can implement projects with in-house resources compared to just 23% of advanced businesses.

“While the industry agrees that supply chain complexity is real and growing, there is often no clear understanding of its underlying causes and of suitable initiatives that can improve performance in today’s challenging and ultra-volatile markets. Everyone is looking for agility and resilience, but there is none of that possible without identifying the true levers within your own global supply chain operations. The benchmarking survey we conducted on behalf of Körber is the first to leverage the key factors driving complexity to answer these questions and determine what practices distinguish leading organizations,” adds Sebastian Feldmann, Partner and global Co-head of the Supply Chain & Logistics COE at Roland Berger Management Consultants.

The survey questioned more than 200 companies in North America and Europe with at least 500 employees and is part of a broader research initiative in cooperation with leading international analysts. Full findings are available at benchmarking.koerber-supplychain.com. The site also offers a rapid self-assessment to provide visitors a first view into the maturity of their own supply chain operations.

About the Körber Business Area Supply Chain

Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering software, automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com  

Contact:

Heather Smith

Director Corporate Communications

Körber Supply Chain

Heather.smith@koerber-supplychain.com

T +1 800 3283271
PR Newswire

Our Planet, Our Health: Yadea Champions Sustainable Travel for a Healthier Future on World Health Day

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MUNICH, April 7, 2022 /PRNewswire/ — With the theme, “Our Planet, Our Health”, for this year’s World Health Day, Yadea, the world’s leading electric two-wheeler brand, is promoting the link between a healthier planet and the well-being of society, and advocating for a greener environment with sustainable transportation solutions.

“Spring is the time for new beginnings. This season, Yadea is encouraging people around the world to embrace the outdoors and get closer to nature with green transportation. From riding electric bikes with family and friends to promoting clean travel with electric scooters, we encourage everyone to embrace an active lifestyle and take action to create a greener future together,” said Aska Zeng, General Manager of Yadea.

There has been an increasing focus on global climate change, and Yadea has joined hands with communities and commercial organizations to protect our planet. The company has remained steadfastly committed to its mission to conserve energy and reduce CO2 emissions for a healthier planet and vigorous society. Over the past 21 years, the company has sold over 60 million electric vehicles, which in turn has helped reduce gas consumption by 9.84 million tons. This switch from traditional gas-powered vehicles to electric vehicles has also reduced CO2 emissions by 34.3 million tons, which is equivalent to planting 1.72 billion trees.

Electric-powered vehicles aren’t only good for the environment – they are beneficial for humans as well. With cutting-edge technology and products, Yadea enables riders to enjoy exploring nature with electric vehicles while maintaining a healthy lifestyle. Thanks to an impressive battery life and comfort-oriented design, Yadea’s electric two-wheelers are perfect for riders looking to explore a city’s hidden corners or venture further into nature. The majority of Yadea’s electric transportation solutions feature large-capacity lithium-ion batteries to ensure users go further with every ride. Meanwhile, ergonomic seating makes riding an absolute delight: in vehicles such as the Y1S, a double-seat cushion measuring 820mm in length provides unparalleled support for longer journeys.

Strong electric power means Yadea’s vehicles excel in performance. With Yadea’s flagship C1S series electric two-wheeler, riders can accelerate from 0 to 60km/h in an instant. Meanwhile, the 2200W motor allows for effortless riding and smart handling, even on steep slopes and rough terrain.

Yadea’s rich product lineup also includes electric bicycles that enable everyone to enjoy the health benefits of cycling. Yadea’s e-bikes feature an intelligent algorithm for efficient power enhancement, a self-developed mid-motor, and built-in triple sensing technology to aid with relaxed outdoor riding. Convenient for short trips and urban commutes, Yadea’s e-bikes are the perfect way to promote healthy activities that benefit people and the planet.

As people are gradually changing their lifestyles in ways they were not doing before, Yadea is proud and grateful to play a part in this trend and helping to “Electrify Your Life” with its industry-leading electric vehicles. Yadea continues to advocate for a healthier lifestyle and invites consumers to discover the benefits of green travel this World Health Day.

About Yadea

Yadea is a global leader in developing and manufacturing electric two-wheel vehicles including electric motorcycles, electric mopeds, electric bicycles and electric kick scooters. To date, Yadea has sold products to 60 million users in over 80 countries, and has a network of 40,000+ retailers worldwide. With a mission to help people “Electrify Your Life”, Yadea continues to invest in R&D, production and global expansion to build a shared and sustainable future for humankind.

For more information, visit our:

Official Website: https://www.yadea.com/

Facebook: https://www.facebook.com/Yadea.Official

Instagram: https://www.instagram.com/YADEA.GLOBAL/

Twitter: https://twitter.com/YadeaGlobal

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PR Newswire

Horwin Brasil and CBMM team up to apply ultra-fast charging Niobium batteries in electric motorcycles

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Vehicle will be a pioneer in using a battery with Niobium. The model will be presented in the first half of the year, and is expected to hit the market in 2024

SÃO PAULO, April 4, 2022 /PRNewswire/ — Aiming to expand access to clean energy and contribute to the popularization of electromobility in the country, Horwin Brasil, an electric motorcycle company, has partnered with the Brazilian CBMM, the world’s leading specialist in Niobium technologies. The objective of the agreement is to apply a lithium-ion battery with Niobium in electric two-wheel vehicles.

Horwin - CR6 (Credit: Horwin Brasil)
Horwin – CR6 (Credit: Horwin Brasil)

“The partnership with Horwin Brasil is important, as it accelerates the application of ultra-fast recharge batteries with Niobium in motorcycles as well”, says Rogério Marques Ribas, manager of the CBMM Battery Program.

According to Horwin Brasil’s CEO, Pricilla Favero, this project prototype will be presented in the first half of 2022. Horwin’s CR6 model motorcycle will be used, which has 6,200W of engine power and up to 150 km of autonomy. “With CBMM’s expertise and pioneering spirit, added to our highly skilled team in developing new solutions, the expectation is that the motorcycle with a Niobium battery will be available in the Brazilian market as early as 2024.

“We work so that, soon, anyone will be able to use an electric motorcycle with ultra-fast charge of up to ten minutes. In addition to this recharge differential, Niobium batteries bring significant benefits in terms of safety and battery life, as they allow up to 20,000 charges under a relatively wide range, which alone is the greatest advance for this sector in recent times”, complements Pricilla.

Ribas adds that the technology to be used in the electric motorcycle’s battery is the result of more than three years of research and development by collaborating CBMM and Japanese company Toshiba Corporation.

The CBMM manager explains that “the use of Niobium oxide in the anode of lithium-ion batteries provides special features for this component. Being a very stable element, it allows safer and more efficient operations. Furthermore, due to its more open crystal structure, which facilitates lithium intercalation, it allows a full recharge in less than ten minutes, without damaging the battery”. He adds that, due to these unique characteristics, batteries with Niobium are safer and have a much longer useful life than traditional batteries.”

Toshiba Corporation explains that “Toshiba has been focusing our attention on the possibility of Niobium Titanium Oxide (NTO) as a next-generation anode material that will help increase the battery capacity while maintaining the excellent characteristics of lithium titanium oxide (LTO), the conventional anode material of SCiB™. NTO has roughly three times higher theoretical volume capacity density than LTO while providing the advantages of LTO such as long life and rapid charging.”

INNOVATION

Ribas reinforces that “CBMM already works with several companies in the automotive industry, whether in vehicular structures or in developing Niobium applications for electric mobility”. An example is the partnership with Volkswagen Caminhões e Ônibus – VWCO. Announced in 2021, it provides for the application of Niobium batteries in large electric vehicles, which will begin to be tested in 2023, at the VWCO factory, in the city of Resende, state of Rio de Janeiro, and later at CBMM’s industrial plant in Araxá, in the state of Minas Gerais, both in Brazil.

About Horwin Brasil

Horwin Brasil is part of the Horwin Global group, today with more than 700 distributors worldwide, and exporting to more than 60 countries. Horwin’s focus has always been on developing a high-powered electric motorcycle with superior design, quality, and technology. All Horwin products reflect this. In Brazil, we already have a distribution center in Manaus and, by the end of 2022, each region of the country will have a Horwin distributor / dealer. We at Horwin Brasil, from the second half of 2024, will use this new Niobium battery technology on all our motorcycles, charging in less than ten minutes.

About CBMM

CBMM is the world leader in the production and commercialization of Niobium products and has been in the market for over 60 years. CBMM is headquartered in Brazil, with subsidiaries in the United States, the Netherlands, Singapore and Switzerland and representative offices in China. CBMM manufactures and supplies niobium products and develops applications for the infrastructure, mobility, aerospace, health and energy sectors. The company has more than 400 clients in 50 countries. Its business model is guided by solid corporate governance and is based on guaranteed supply and development of new technologies in partnership with the most renowned research centers worldwide.

Find out more about Niobium technologies
Website: www.Niobium.tech
LinkedIn: Niobium.tech
Instagram: @Niobium.tech
Twitter: Niobium_Nb
Youtube: Niobium.tech

PR Newswire

VisionNav Robotics debuts at the MODEX 2022 with the Innovative AGV/AMR Forklifts

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ATLANTA, March 31, 2022 /PRNewswire/ — VisionNav Robotics, a global supplier of industrial automated vehicles, attends the MODEX show held in Atlanta from 3/28 to 3/31, 2022, begins its appearance in the North American market. VisionNav has displayed the representative automated industrial vehicle forklift of the industry to drive intralogistics automation with intelligent technology.

MODEX is one of the largest material handling or supply chain equipment and technology exhibitions in North America. This exhibition focuses on “next-generation technology and equipment”, attracting nearly 1,000 companies. For now, MODEX has become an important communication platform in the field of global logistics automation.

At the MODEX 2022 site, VisionNav demonstrated the applications of the VNP15 counterbalanced automated forklift in the stacking scenario of multi-layer material frames, and the material handling operation of the SLIM series forklifts in a dense narrow aisle scenario. “Many companies talked to us about the shortage of forklift operators and the possibility of introducing automated forklift operations affected by the epidemic. Our products have plenty of experience based on a large number of applications in complex scenarios and have unique advantages in terms of efficiency, flexibility, and storage capacity.” Said Robert Tang, Head of Sales USA at VisionNav. It should be noted that multi-layer frame stacking is an innovative solution launched by VisionNav for irregular parts storage, which can currently deal with stacking scenarios of up to 7 layers

Based on VisionNav® control algorithm and perception technology, VNP15 and SLIM series can adaptively fork pallets and material frames for horizontal and vertical operations. “We have also developed a variety of clamps to meet the material handling demand of customers in different industries, from simple pallets to bales, paper rolls, machinery, cables, and so on.”

Founded in 2016, VIsionNav® is committed to providing AGVs/AMRs and Automation Solutions for intralogistics by integrating 5G Communication, AI, Environmental Perception, Deep Learning, and Servo Control technology. At present, VisionNav has developed 8 series of products including auto forklifts and tractors for various scenarios. Meanwhile, VisionNav has made significant breakthroughs such as achieving up to 9.4m(30ft) material storage, up to 2m(6.5ft) narrow aisles transmitting, automated truck loading and unloading, multi-layer materials stacking. VisionNav Sold 1500+ products globally implemented 350+ projects and reached cooperation with 50+ Fortune 500 companies.

CONTACT: Robert Tang, Head of Sales in the USA, +1 404 509 4040, robert@visionnav.com

PR Newswire

General Motors Names Veoneer a 2021 Supplier of the Year

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STOCKHOLM, March 25, 2022 /PRNewswire/ — General Motors recognized Veoneer as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, last week.

GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry. This year, GM recognized 134 suppliers from 16 countries with the Supplier of the Year distinction.

This is the 4th time Veoneer is recipient of this award, receiving it every year since being founded in 2018.

“We are proud to be recognized by our longtime partner for our commitment to performance, quality and innovation and to support their mission to deliver new levels of safety and convenience to car drivers and occupants across the globe,” said Jan Carlson, Chairman, President and CEO of Veoneer.

“This year’s Supplier of the Year event was special not only because it’s the 30th anniversary of the program, but because it provided us with the opportunity to recognize our suppliers for persevering through one of the most challenging years the industry has ever faced,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. “These top suppliers showed resilience and reinforced their commitment to pursuing sustainability and innovation. Through our strong relationships and collaboration, GM and our suppliers are poised to build a brighter future for generations to come.”

A global cross functional team selected the 2021 Supplier of the Year winners based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics.

For more information please contact:
Thomas Jönsson, EVP Communications & IR,
thomas.jonsson@veoneer.com, tel +46 (0)8 527 762 27

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,100 employees in 11 countries. In 2021, sales amounted to $1.66 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,Buick,GMC,Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

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TD Holdings, Inc. Reports Fiscal Year 2021 Financial Results

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SHENZHEN, China, March 17, 2022 — TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced its financial results for the year ended December 31, 2021.

Ms. Renmei Ouyang, the Chief Executive Officer of the Company, stated, "We delivered exceptional business results for the year ended December 31, 2021, driven by continued execution of our strategy and our demonstrated ability to manage challenges brought by COVID-19 epidemic. For the year ended December 31, 2021, our revenue increased by 612% to $201.13 million and net loss narrowed down by 84% to $0.94 million, compared with $28.27 million and $5.95 million for the year ended December 31, 2020. The results give us the confidence to reach operating break-even or even profitable soon and we are delighted to see that we are moving in that direction."

Ms. Renmei Ouyang continued, "For the year ended December 31, 2021, we accomplished several key milestones across the entire organization, building a stronger foundation for ongoing success. Looking forward, we intend to continue driving growth in our business by leveraging our market leadership and investing to capitalize on robust demand dynamics. We will keep exploring our business opportunities in the markets of global gold spot trading, digital cloud warehouse as well as lightweight new materials. We believe that our unique market position and visionary growth strategy allow us to increase return of capital to our shareholders."

Fiscal Year 2021 Financial Highlights

  • Revenue from commodities trading business was $201.13 million, consisting of $197.95 million from sales of commodities products, and $3.18 million from supply chain management services, compared with $28.27 million for the year ended December 31, 2020, representing an increase of $172.87 million or 612%.
  • Net loss from continuing operations was $0.94 million, compared with net loss from continuing operations of $2.40 million for the year ended December 31, 2020.
  • Basic and diluted loss per share from continuing operations was $0.01, compared with basic and diluted loss per share from continuing operations of $0.05 for the year ended December 31, 2020.

Fiscal Year 2021 Financial Results

Revenues

For the year ended December 31, 2021, the Company sold non-ferrous metals to twenty-four third party customers and three related party customers at fixed prices, and earned revenues when the product ownership was transferred to its customers. The Company earned revenues of $173.90 million and $24.05 million, respectively, from sales of commodity products to twenty-four third party customers and three related party customers, compared with $8.25 million and $16.24 million, respectively, for the year ended December 31, 2020.

For the year ended December 31, 2021, the Company earned commodity distribution commission fees of $3.18 million from third party vendors compared with commission fees of $1.63 million from seven third party customers and distribution service fees of $2.14 million from three related party customers for the year ended December 31, 2020.

Cost of revenue

Our cost of revenue primarily includes cost of revenue associated with commodity product sales and cost of revenue associated with management services of supply chain. Total cost of revenue increased by $173.49 million, or 704% to $198.13 million for the year ended December 31, 2021, from $24.64 million for the year ended December 31, 2020, primarily due to an increase of $173.44 million in cost of revenue associated with commodity product sales. The cost of revenue increased in line with the increased sales.

Selling, general, and administrative expenses 

Selling, general and administrative expenses increased by $5.10 million, or 168%, to $8.14 million for the year ended December 31, 2021, from $3.04 million for the year ended December 31, 2020. Selling, general and administrative expenses primarily consisted of salary and employee benefits, office rental expense, amortizations of intangible assets and convertible promissory notes, professional service fees and finance offering related fees. The increase was mainly attributable to (1) amortization of intangible assets of $3.93 million, and (2) amortization of convertible promissory notes of $0.49 million for the year ended December 31, 2021 while no such issuance for the year ended December 31, 2020.

Share-based payment for service

On March 4, 2021, the Company issued 750,000 fully-vested warrants with an exercise price of $0.01, with a five-year life, to an agent who was engaged to complete the warrant waiver and exercise agreements. The Company applied Black-Scholes model and determined the fair value of the warrants to be $1.70 million. Significant estimates and assumptions used included stock price on March 4, 2021 of $2.27 per share, risk-free interest rate of one year of 0.08%, life of 5 years, and volatility of 71.57% for the year ended December 31, 2021.

On July 16, 2021, the Company issued 140,000 shares of the Company’s common stock as compensation to a PR service provider for increasing the Company’s visibility in the financial news community, and recognized 141,400 Share-based payment for service to profit.

For the year ended December 31, 2020, no such expenses incurred.

Interest income

Interest income was primarily generated from loans made to third parties and related parties. Interest income increased by $3.84 million, or 62%, to $10.08 million for the year ended December 31, 2021, from $6.24 million for the year ended December 31, 2020. The increase was primarily due to loans made to Yunfeihu for the year ended December 31, 2021. For the year ended December 31, 2021, $4.12 million was attributed to related party and $5.94 million was generated from third party vendors.

Amortization of beneficial conversion feature and relative fair value of warrants relating to issuance of convertible notes

For the year ended December 31, 2021, there was amortization of beneficial conversion feature of $1.46 million of the three convertible promissory notes issued on January 6, 2021, on March 4, 2021 and on October 4, 2021.

For the year ended December 31, 2020, there was full amortization of beneficial conversion feature of $3.40 million and amortization of relative fair value of warrants of $3.06 million relating to the convertible promissory notes which was exercised in May 2020.

Net loss from continuing operations

Net loss from continuing for the year ended December 31, 2021 was $0.94 million, compared with net loss from continuing operations of $2.40 million for the year ended December 31, 2020.

Net loss

Net loss for the year ended December 31, 2021 was $0.94 million, compared with net loss of $5.95 million for the year ended December 31, 2020.

For the Year Ended December 31, 2021 Cash Flows

As of December 31, 2021, the Company had cash and cash equivalents of $4.31 million, compared with $2.70 million as of December 31, 2020.

Net cash provided by operating activities was $8.03 million for the year ended December 31, 2021, compared with $29.86 million as of December 31, 2020.

Net cash used in investing activities was $71.52 million for the year ended December 31, 2021, compared with $132.58 million as of December 31, 2020.

Net cash provided by financing activities was $64.12 million for the year ended December 31, 2021, compared with $106.15 million as of December 31, 2020.

About TD Holdings, Inc.

TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information, please visit http://ir.tdglg.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of TD Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 epidemic and the impact it will have on the Company’s operations, the demand for the Company’s products and services, global supply chains and economic activity in general. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Ascent Investor Relations LLC  
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333

TD HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
As of December 31, 2021 and 2020

December 31,

December 31,

2021

2020

ASSETS

Current Assets

Cash and cash equivalents

$

4,311,068

$

2,700,013

Loans receivable from third parties

115,301,319

18,432,691

Due from related parties

11,358,373

55,839,045

Other current assets

3,288,003

1,310,562

Total current assets

134,258,763

78,282,311

Non-Current Assets

Plant and equipment, net

2,872

–

Goodwill

71,028,283

69,322,325

Intangible assets, net

21,257,337

19,573,846

Right-of-use assets, net

888,978

–

Total non-current assets

93,177,470

88,896,171

Total Assets

$

227,436,233

$

167,178,482

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable

$

3,337,758

$

–

Bank borrowings

1,129,288

1,653,247

Third party loans payable

476,779

–

Advances from customers

5,221,874

9,214,369

Due to related parties

21,174

7,346,021

Income tax payable

8,441,531

5,460,631

Lease liabilities

310,665

–

Other current liabilities

4,297,793

3,197,147

Acquisition payable

–

15,384,380

Convertible promissory notes

3,562,158

–

Total current liabilities

26,799,020

42,255,795

Non-Current Liabilities

Deferred tax liabilities

4,178,238

4,893,461

Lease liabilities

586,620

–

Total non-current liabilities

4,764,858

4,893,461

Total liabilities

31,563,878

47,149,256

Commitments and Contingencies (Note 16)

Equity

Common stock (par value $0.001 per share, 600,000,000 shares
authorized; 138,174,150 and 79,131,207 shares issued and outstanding
at December 31, 2021 and 2020, respectively)

138,174

79,131

Additional paid-in capital

224,790,409

151,407,253

Statutory surplus reserve

1,477,768

913,292

Accumulated deficit

(42,200,603)

(39,255,945)

Accumulated other comprehensive income

11,666,607

6,885,495

Total TD Shareholders’ Equity

195,872,355

120,029,226

Total Equity

195,872,355

120,029,226

Total Liabilities and Equity

$

227,436,233

$

167,178,482

TD HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
For the Years Ended December 31, 2021 and 2020
(Expressed in U.S. dollars, except for the number of shares)

For the Years Ended

December 31,

2021

2020

Revenues

Sales of commodity products – third parties

$

173,904,016

$

8,252,866

Sales of commodity products – related parties

24,049,999

16,243,777

Supply chain management services – third parties

3,180,227

1,631,318

Supply chain management services – related parties

–

2,140,840

Total Revenues

201,134,242

28,268,801

Cost of revenues

Commodity product sales – third parties

(173,996,000)

(7,853,215)

Commodity product sales – related parties

(24,045,511)

(16,744,094)

Supply chain management services – third parties

(84,118)

(43,162)

Total operating costs

(198,125,629)

(24,640,471)

Gross profit

3,008,613

3,628,330

Operating expenses

Selling, general, and administrative expenses

(8,137,481)

(3,035,598)

Share-based payment for service

(1,836,442)

–

Total operating expenses

(9,973,923)

(3,035,598)

Other income (expenses), net

Interest income

10,079,776

6,239,943

Interest expenses

(313,965)

(185,106)

Amortization of beneficial conversion feature relating to issuance
of convertible promissory notes

(1,463,883)

(3,400,000)

Amortization of relative fair value of warrants relating to issuance
of convertible promissory notes

–

(3,060,000)

Impairment of investment in an equity investee

–

(410,000)

Other income (expense), net

(285,774)

–

Total other income (expenses), net

8,016,154

(815,163)

Net income(loss) from continuing operations before income taxes

1,050,844

(222,431)

Income tax expenses

(1,991,201)

(2,177,924)

Net loss from continuing operations

(940,357)

(2,400,355)

Net loss from discontinued operations, net of tax

–

(3,551,258)

Net loss

(940,357)

(5,951,613)

Net loss attributable to TD Holdings, Inc.’s Stockholders

$

(940,357)

$

(5,951,613)

Other comprehensive income

Net loss

$

(940,357)

$

(5,951,613)

Foreign currency translation adjustment

4,781,112

7,219,776

Comprehensive income

3,840,755

1,268,163

Weighted Average Shares Outstanding-Basic

107,417,633

51,273,048

Weighted Average Shares Outstanding- Diluted

121,099,328

51,273,048

(loss) per share- basic

$

(0.01)

$

(0.12)

(loss) per share- diluted

$

(0.01)

$

(0.12)

(loss) per share continuing – basic and diluted

$

(0.01)

$

(0.05)

Income (loss) per share discontinued – basic and diluted

$

–

$

(0.07)

TD HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2021 and 2020
(Expressed in U.S. dollar)

For the Years Ended

December 31,

2021

2020

Cash Flows from Operating Activities:

Net loss

$

(940,357)

$

(5,951,613)

Less: Net loss from discontinued operations

–

3,551,258

Net loss from continuing operations

(940,357)

(2,400,355)

Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:

Depreciation of plant and equipment

622

–

Impairment of right of use assets

–

176,225

Amortization of right-of-use lease assets

45,309

–

Amortization of intangible assets

3,927,961

514,618

Amortization of beneficial conversion feature of convertible
promissory notes

489,000

–

Interest expense for convertible promissory notes

417,784

–

Stock-based compensation to senior management

–

37,899

Share-based payment for service

1,836,442

–

Standstill fee relating to convertible promissory notes

356,934

–

Amortization of beneficial conversion feature relating to issuance
of convertible promissory notes

1,463,883

3,400,000

Amortization of relative fair value of warrants relating to issuance
of convertible promissory notes

–

3,060,000

Impairment on investment securities

–

–

Impairment of equity investments

–

410,000

Deferred tax liabilities

(825,945)

(135,930)

Changes in operating assets and liabilities, (net of assets and
liabilities acquired and disposed):

Other current assets

5,558,942

(776,626)

Inventories

–

403,471

Prepayments

–

13,317,930

Due from related parties

(496,242)

(4,327,269)

Advances from customers

(4,170,261)

6,692,708

Due from third parties

(2,619,091)

5,321,874

Income tax payable

2,808,268

2,313,853

Due to related parties

(5,516,085)

–

Accounts payable

3,299,002

–

Other current liabilities

1,039,735

2,148,993

Lease liabilities

886,866

(176,225)

Due to third party loans payable

471,243

–

Net cash provided by operating activities from continuing operations

8,034,010

29,981,166

Net cash used in operating activities from discontinued operations

–

(125,133)

Net cash provided by operating activities

8,034,010

29,856,033

Cash Flows from Investing Activities:

Purchases of intangible assets

(5,115,803)

–

Purchases of plant and equipment

(3,469)

–

Purchases of operating lease assets

(923,964)

–

Investment in subsidiary, net of cash acquired

(15,579,946)

(82,227,328)

Payment made on loan to related parties

–

(47,114,208)

Payment made on loans to third parties

(108,800,053)

(173,673,614)

Collection of loans from third parties

13,504,542

170,432,603

Collection of loans from related parties

45,397,738

–

Net cash used in investing activities from continuing operations

(71,520,955)

(132,582,547)

Net cash used in investing activities from discontinued operations

–

–

Net cash used in investing activities

(71,520,955)

(132,582,547)

Cash Flows from Financing Activities:

Repayments made on loans to third parties

(558,088)

(318,748)

Repayment made on loans to related parties

(1,901,724)

–

Proceeds from borrowings from related parties

–

1,613,696

Proceeds from issuance of common stock under ATM transaction

2,192,989

–

Proceeds from registered direct offering, net of transaction costs

–

20,000,000

Proceeds from issuance of common stock under private placement transactions

57,877,941

18,500,000

Proceeds from issuance of convertible promissory notes

6,500,000

30,000,000

Proceeds from exercise of warrants

7,500

36,353,731

Net cash provided by financing activities from continuing operations

64,118,618

106,148,679

Net cash provided by financing activities from discontinued operations

–

–

Net cash provided by financing activities

64,118,618

106,148,679

Effect of Exchange Rate Changes on Cash

979,382

(2,499,428)

Net Increase in Cash

1,611,055

922,737

Cash, Beginning of Year

2,700,013

1,777,276

Cash, End of Year

$

4,311,068

$

2,700,013

Less: Cash from discontinued operations

–

–

Cash from continuing operations

$

4,311,068

$

2,700,013

Cash paid for interest expense

$

92,062

$

18,073

Cash paid for income taxes

$

75,416

$

–

Supplemental disclosure of non-cash investing and financing activities

Right-of-use assets obtained in exchange for operating lease obligations

$

–

$

186,191

Issuance of common stocks in connection with private placements, net of issuance costs with proceeds collected in advance in November 2019

$

–

$

1,600,000

Issuance of common stocks in connection with conversion of convertible promissory notes

$

–

$

30,000,000

Issuance of common stocks in connection with cashless exercise of 962,022 warrants

$

–

$

1,269,869

Fair value of HC High Summit assets disposed

$

–

$

5,320,768

HC High Summit liabilities derecognized

$

–

$

(2,606,257)

Issuance of common stocks in exchange of investments in one equity investee

$

1,439,826

$

–

 

PR Newswire

ECA Group and iXblue enter exclusive negotiations period to create new European high-tech champion.

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SAINT-GERMAIN-EN-LAYE, France and TOULON, France, March 15, 2022 — ECA Group and iXblue have entered an exclusive negotiations period to bring the two French companies together. Carried out by Group Gorgé, this operation will lead to the rise of a European high-tech industrial champion in the fields of maritime, inertial navigation, space and photonics.

iXblue DriX Uncrewed Surface Vehicle
iXblue DriX Uncrewed Surface Vehicle

Long-standing partners, ECA Group and iXblue benefit from strong technological and commercial synergies. Bringing those two companies together will create a world-class player in the civil and defense sectors. With a unique offer ranging from components to complex systems, the group will provide high performance solutions for critical missions in harsh environments.

"Our two companies share the same culture of innovation, agility and entrepreneurship that are at the heart of each of our DNAs and for which we are both recognized and valued," explains Fabien Napolitano, President & CEO of iXblue. "The new synergies created will not only ensure we keep this DNA but will also strengthen our capacity for innovation by leveraging our complementary expertise. This will allow us to continue to push the technological frontiers and support our customers in their most demanding challenges."

"The joining of our two companies, which will employ over 1,500 people, offers great growth opportunities," rejoices Dominique Giannoni, CEO of ECA Group. "Once combined, our various technological expertise will greatly help strengthen our leadership positions in our markets, while our complementary geographical footprint will enable us to better serve our customers by being closer to them."

About ECA Group

ECA Group is a subsidiary of Groupe Gorgé since 1992, owned at 100%. The company is one of the world leaders in the field of autonomous robotics and integrated systems, particularly in the naval sector. The company provides its customers with the most efficient and technologically advanced solutions in the field of naval, land and air drones. ECA Group also offers innovative technological solutions for the Aeronautics and Space sectors.

About iXblue

iXblue is a global high-tech company recognized worldwide for delivering advanced navigation, photonics and maritime autonomy solutions. From components to systems and comprehensive solutions, iXblue critical technologies are at work in both the civil and defense markets. They meet customers demanding requirements for successful missions in the most challenging environments, from the deep sea to outer space.

iXblue
Marion Seyve
Global Marketing & Communication Manager
marion.seyve@ixblue.com  

ECA Group
Heli Reinikainen
Marketing Manager
reinikainen.h@ecagroup.com

ECA Group A18D Autonomous Underwater Vehicle
ECA Group A18D Autonomous Underwater Vehicle

 

 

 

PR Newswire

OCEANCO LAUNCHES INTO A NEW REALM WITH SUPERYACHT NFTs

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The non-fungible tokens will put enjoyment and experience at the heart of digital ownership

ALBLASSERDAM, Netherlands, March 10 2022 — Oceanco will be reinforcing its reputation as a pioneer in the yachting industry by becoming the first superyacht builder to launch a series of non-fungible tokens, branded Superyacht NFTs. The collection is being created with the philosophy that yachting is about fun and experiences, not just the status that ownership might convey.

 

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"At Oceanco, it is important to push the industry’s boundaries and challenge ourselves to continuously grow," comments Dr Mohammed Barwani, Chairman of Oceanco.

"Entering the world of NFTs felt like a natural progression for Oceanco and we wanted to make sure we offered something unique and exciting. Which is why we are putting fun and engagement at the heart of Superyacht NFTs. We are making the exclusive more inclusive," added Paris Baloumis, Group Marketing Director.

Anchored on the Ethereum blockchain, Superyacht NFTs will grant holders special access to ongoing benefits that are experienced both virtually and in the real world, working alongside likeminded partner brands to bring engaging rewards and activations to its holder community. Pre-registration is currently live for those interested in receiving access to the first drop of NFTs.

The collection of Superyacht NFTs is being designed by Timur Bozca of Bozca Design. The NFTs’ design is based on Esquel, the 105m / 345ft explorer that the two brands previously collaborated on. Each NFT will display a unique combination of design elements, themes and settings, including some rare features to make them even more desirable.

Over time, Superyacht NFT holders will be given the opportunity to boost their tokens through airdrops of collectible add-ons including supertoys and accessories. These will convey additional "money-can’t-buy" benefits to the NFT holders.

A percentage of the revenues from Superyacht NFTs will be donated to charities that align with Oceanco’s drive to protect the oceans.

For more information: www.superyacht-nfts.com.

Contact:
instagram.com/superyachtnfts/

SuperyachtNFTs toy garage
SuperyachtNFTs toy garage

 

 

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PR Newswire

The Art of Craftsmanship | GAC MOTOR Hosts Chinese-Panamanian Artists Exhibition

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GUANGZHOU, China, March 4, 2022 — GAC MOTOR has been operating in Panama since 2019, earning a solid foothold in the local market with quality vehicles and innovative designs. As Chinese smart manufacturing and automobile technology make a strong reputation worldwide, GAC MOTOR Panama hosts a vibrant exhibition. The Chinese-Panamanian artists at the exhibition represent a shared love for craftsmanship – the combination of beauty and skill – present in visual arts and the art of creating cars.

Progenie | The Spirit of Craftsmanship Across Cultures

The exhibition, named "Progenie," displayed the paintings of Chinese-Panamanian artists of three different ages, highlighting the contribution of Chinese painters to the multicultural tapestry of Latin America and notably Panama today.

The concept of Chinese craftsmanship has been a key pillar of GAC MOTOR’s overseas brand identity for some time now, with the GAC development strategy focusing on bringing outstanding Chinese designs and technology onto the world stage.

Cross-cultural art exhibitions like this one are important in communicating the amazing creativity that Chinese brands and individuals have to offer the world.

Ms. Mai Yap, one of the exhibiting artists based out of Florida, USA, said that "China lives in us, and although we came from and were born in different countries, we carry all that culture within us."

Mai Yap’s colorful works were displayed alongside another young visual artist, Nicole Rumaldo Choy, who represents merging these two cultures’ creative prowess.

The Spirit of Craftsmanship: Continued Efforts in the Americas

GAC MOTOR has become the top-performing Chinese brand in local sales since entering the Panama market in 2019. The nation is now home to more than 400 new GAC MOTOR owners.

Ever since the launch of the All New GS4 and extensive engagement in car rental projects last year, GAC MOTOR has attracted more attention. It has become a representative of Chinese car brands in Panama.

In the new year, GAC MOTOR will continue to provide Panamanian users with a high standard of travel experience. The brand looks forward to a future of further healthy development in the Americas.