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BDx Data Centers and HEXA Renewables Sign Strategic 50 MW Green Energy Deal Supporting Singapore-Malaysia Grid Decarbonization

SINGAPORE and KUALA LUMPUR, Malaysia, Sept. 3, 2025 /PRNewswire/ — BDx Data Centers (“BDx”), one of the leading data center operators in Asia, today announced a strategic partnership with HEXA Renewables, a regional leader in renewable energy. Together, the two companies will pioneer an innovative cross-border renewable energy model that will contribute at least 50MW of clean power to the SingaporeMalaysia energy grid. The collaboration directly addresses the challenges of sourcing renewable energy in Singapore by enabling and funding the development of new green energy projects in Malaysia. BDx’s support provides the critical additionality that enables HEXA Renewables to accelerate these projects, injecting renewable power into the regional grid that might not have been feasible otherwise.

With Singapore projected to add at least 300MW of new data center capacity, this cross-border collaboration introduces an innovative decarbonization model for the region and reinforces both companies’ commitment to driving sustainability and long-term impact at scale.

BDx operates CGK4, Indonesia’s first Sovereign AI data center campus, currently powered by renewable energy and certified by NVIDIA under the DGX-Ready Data Center program. This positions BDx at the forefront of delivering advanced AI infrastructure while maintaining sustainability at its core.

“Performance and environmental responsibility are not mutually exclusive,” said Mayank Srivastava, CEO, BDx Data Centers. “Our partnership with HEXA Renewables aligns hyperscale data center growth with renewable energy, setting a new standard for cross-border collaboration in the digital infrastructure space.

“AI has caused an explosion in digital needs, and with it, requirements from digital infrastructures. With Singapore expected to add over 300 MW of capacity in the near term, this move puts sustainability at the center of that expansion. This is a key milestone in supporting Singapore’s, and more broadly, the region’s climate ambitions,” added Srivastava.

“As Singapore advances its Green Plan 2030, the private sector must lead by example,” said Vince Choi, CEO, HEXA Renewables. “Our partnership with BDx represents a meaningful step in cross-border energy cooperation. It supports national sustainability goals while showcasing the power of regional collaboration in accelerating the energy transition.”

BDx aims to deploy 1 gigawatt (GW) of capacity across the region. Its partnership with HEXA Renewables forms part of its broader sustainability strategy to build a fully green-powered digital infrastructure network. The company is actively exploring similar renewable energy initiatives in every market it operates in, reinforcing its commitment to driving environmentally responsible data center growth across Asia and beyond.

Meanwhile, HEXA Renewables, which is an independent energy producer operating in wind, solar and battery power, aims to develop, own and operate up to 5 GW of renewable energy power generation and battery storage projects in the Asia Pacific region. The company targets an aggregate investment of US$5 billion in the coming years.

About BDx Data Centers

BDx Data Centers is a leading cloud-and carrier-neutral data center, colocation and interconnection solutions provider that serves enterprises and hyperscalers across fast-growing markets in Asia. BDx Data Center footprint extends across Indonesia, Hong Kong SAR, Singapore, Taiwan region and Mainland China, having a total deployment potential of 750MW data center capacity. Led by a globally recognized team, BDx Data Centers operates ultra-modern colocation and edge facilities across the region for customers to accelerate their digitalization initiatives. BDx Data Centers goes beyond providing highly efficient space and power, and delivers advanced, tailor-made services, designed with renewable resources. As Asia surges ahead in its digital journey, BDx Data Centers remains a steadfast partner, lighting the way with secure, scalable, and sustainable data solutions. BDx Data Centers is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on digital infrastructure, energy, utilities, and transport investments across the globe.

For more information, visit www.bdxworld.com.

About HEXA Renewables

HEXA Renewables is an Asia-based Independent Power Producer (IPP) and is fast evolving as a leading name in the clean energy landscape. Launched by global infrastructure investment manager, I Squared Capital, we feature as catalysts in the energy transition by developing, building and operating cutting-edge renewable energy projects. HEXA Renewables invests across Taiwan region, Japan, South Korea, Malaysia, the Philippines, and India. HEXA Renewables aims to develop, own and operate up to 5 GW of renewable energy power generation and battery storage projects in the Asia Pacific region, targeting an aggregate investment of $5 billion in the coming years.

Chunghwa Telecom Earns Frost & Sullivan’s 2025 Taiwan Technology Innovation Leadership Recognition in the 5G Industry

Leading through cutting-edge 5G innovation and cross-industry applications, Chunghwa Telecom showcases market-defining advances in Taiwan’s telecommunications sector.

SAN ANTONIO, Sept. 3, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that Chunghwa Telecom has been recognized with the 2025 Taiwan Technology Innovation Leadership Recognition in the 5G industry for its outstanding achievements in large-scale innovation, environmental impact, and cross-industry commercialization. This recognition highlights Chunghwa Telecom’s consistent leadership in deploying 5G-enabled applications and delivering customer-centric solutions that enhance both sustainability and digital transformation in Taiwan’s rapidly evolving telecommunications landscape.

This recognition highlights Chunghwa Telecom’s consistent leadership in deploying 5G-enabled applications and delivering customer-centric solutions that enhance both sustainability and digital transformation in Taiwan’s rapidly evolving telecommunications landscape.
This recognition highlights Chunghwa Telecom’s consistent leadership in deploying 5G-enabled applications and delivering customer-centric solutions that enhance both sustainability and digital transformation in Taiwan’s rapidly evolving telecommunications landscape.

“Chunghwa Telecom’s long-term vision and commitment to technological innovation across the entire 5G value chain have positioned it as a pioneer in Taiwan’s telecom sector. From AI-driven smart energy systems to immersive digital experiences for consumers, its forward-thinking approach is transforming 5G into a powerful engine of growth across industries,” said Mei Lee Quah, senior director of ICT research at Frost & Sullivan.

Guided by a future-focused growth strategy that embraces 5G, AI, and sustainable innovation, Chunghwa Telecom has demonstrated how a legacy telecom operator can lead in new technology paradigms. Its strategic agility and sustained investments in intelligent networks and scalable infrastructure have enabled the company to deliver high-impact 5G use cases across both public and private sectors.

Innovation is embedded in Chunghwa Telecom’s operational DNA. Its solutions include ultra-high-speed data transmission facilitated through 5G NR carrier aggregation, predictive AI-powered network management, and intelligent energy-saving systems that reduce power consumption by over 30% without compromising performance. In the environmental sector, it has addressed long-standing challenges in biodiversity protection through Taiwan’s first AI-powered 5G smart ecological monitoring system.

Chunghwa Telecom’s unwavering focus on customer experience reinforces its leadership position. By embedding AI into both consumer services and enterprise offerings, the company enables real-time responsiveness, stable connectivity, and seamless integration across mobile and cloud-based platforms. For example, during the Metaverse Marathon in Tainan, Chunghwa Telecom demonstrated the power of dynamic network slicing to ensure uninterrupted 5G performance during high-demand events.

Frost & Sullivan commends Chunghwa Telecom for setting a benchmark in strategy, execution, and technology innovation. Its vision, sustainability-driven mindset, and application diversity are redefining the role of 5G in society—from smart cities and education to immersive cultural experiences and environmental protection.

Each year, Frost & Sullivan presents the Technology Innovation Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition celebrates organizations that are transforming their industries through bold innovation and operational excellence.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.singh@frost.com

 

RushOwl Raises US$10 Million Series A to Scale Dynamic Ride-Sharing Platform

  • RushOwl’s proprietary AI technology cuts emissions by 50% and commute times by 30%
  • The startup’s RushOS algorithm integrates with autonomous vehicles, optimising fleet utilisation
  • RushOwl operates in Singapore, India and Hong Kong (China), and will expand to the Philippines, South Korea and Malaysia

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — RushOwl, a Singapore-based ride-sharing platform that reduces carbon emissions with its proprietary AI-based technology, has raised US$10 million in Series A funding led by Gobi Partners, a pan-Asian venture capital firm. The Hong Kong Investment Corporation Limited (HKIC), the Patient Capital institution wholly owned by the Hong Kong Government and dedicated to investing for the future of Hong Kong by advancing new economic growth impetus for Hong Kong including innovation and sustainability, is an investment partner of Gobi for this funding round.

From Left: Songyan Ho (CTO, RushOwl), Kris Lee (COO, RushOwl), Shin Ng (CEO, RushOwl), Chibo Tang (Managing Partner, Gobi Partners), Jimmy Ng (Senior Director, Gobi Partners), Fred Li (Managing Director, Gobi Partners)
From Left: Songyan Ho (CTO, RushOwl), Kris Lee (COO, RushOwl), Shin Ng (CEO, RushOwl), Chibo Tang (Managing Partner, Gobi Partners), Jimmy Ng (Senior Director, Gobi Partners), Fred Li (Managing Director, Gobi Partners)

Founded in 2018 by Shin Ng, Chief Executive Officer (CEO), Songyan Ho, Chief Technology Officer (CTO), and Kris Lee, Chief Operating Officer (COO), RushOwl partners with organisations, including corporates and schools. To date, the platform has powered more than 1.5 million rides and manages over 4,000 trips daily.

RushOwl’s core technology is its AI-based dynamic routing algorithm, called RushOS, which pools trip requests together for shared, carbon-efficient journeys. One key differentiator between RushOS and other mobility providers’ algorithms is RushOwl’s focus on readying its fleet software for autonomous vehicles, with a focus on optimal asset utilisation for sustainable ROI.

RushTrail, the platform’s mobile app, currently supports 250,000 users – mainly staff and students – who experience 30% shorter commutes compared to public transport. RushOwl also lowers carbon emissions by 50% through saved mileage, with each shared journey replacing more than three vehicles.

RushOwl now provides on-demand shuttle service in Singapore, India and Hong Kong (China), where it is actively expanding its business operations to support the city’s smart mobility development. RushOwl will use its funding to expand into more markets, including the Philippines, South Korea, and Malaysia. It also plans to open an R&D centre in Malaysia.

Key partners include Asia Pacific Breweries, CBRE, and Singapore’s Ministry of Education. The company has secured eight-figure annual contracted revenues through long-term agreements of at least 24 months. By offering a dynamic, data-driven alternative to traditional fixed-fleet shuttle providers, RushOwl enables clients to reduce costs and emissions.

Shin, Songyan and Kris began their journey as mobility researchers, united by the goal of creating equitable access to transportation.

“We saw in both developing and mature cities that when governments want to increase their land usage to include more companies and amenities to benefit people, accessibility continues to be a big problem because they cannot immediately create a public transport offering without spending billions of dollars,” said Shin Ng, CEO of Rushowl. “The idea of creating a free-flowing public transportation system appealed to us.”

In addition to market expansion, RushOwl will also use its Series A to grow its B2B sales team, securing key partnerships with fleet partners and licensing RushOS to them.

Gobi Partners invested through three of its managed funds across Hong Kong (China) and Malaysia, reinforcing the cross-border potential of RushOwl’s growth strategy.

Clara Chan, CEO of the HKIC said, “The HKIC adopts an “investment+” approach and invest in opportunities that not only generate financial return but also create or support long-term themes that could be Hong Kong’s future economic growth drivers. Our investment in RushOwl embodies this approach — supporting a company whose smart mobility solutions address urban and sustainability challenges that are highly relevant to Hong Kong and other major cities. This is a very important trend to capture. We are pleased to partner with RushOwl and will support its continued expansion to Hong Kong and across Asia. This is a vivid case showcasing Hong Kong’s role in contributing to regional economic and social developments by way of investing.”

Chibo Tang, Managing Partner of Gobi Partners said, “One of the most vital elements of smart cities is transportation that is not only affordable, but also sustainable. RushOwl addresses urban challenges such as congestion and excess emissions, while preparing for the future by developing technologies compatible with autonomous vehicles. We are excited to work with RushOwl as they make cities across Asia more accessible to everybody who lives in them.”

About RushOwl

Headquartered in Singapore and founded in 2018, RushOwl’s goal is to bridge the gap between private and public transportation in Asia’s busiest cities. Powered by its proprietary AI-driven dynamic routing algorithm, RushOwl’s shuttle rides make daily commutes more convenient and faster while cutting down on carbon emissions.

Media Inquiries
publicrelations@rushowl.app

RushOwl Founders with their primary offering of smart minibus services for corporates and schools
RushOwl Founders with their primary offering of smart minibus services for corporates and schools

Colombia Connects with Asia at the “Colombia, the Country of Beauty” Business Matchmaking Forum in Osaka 2025

Colombia arrives in Japan for the first time with its main internationalization initiative: ProColombia’s International Business Matchmaking Forum at the Expo Hall of Expo Osaka 2025, one of the world’s most important business and promotion platforms.

OSAKA, Japan, Sept. 3, 2025 /PRNewswire/ — The event brings together more than 200 participants, including exporters, buyers, and investors, positioning Asia as a key destination for Colombia’s non-mining exports and as a source of foreign direct investment.

PROCOLOMBIA_Carmen_Caballero
PROCOLOMBIA_Carmen_Caballero

A total of 450 business meetings will be held, featuring 62 Colombian exporters from the Agri-food, Fashion, Metalworking, 4.0 Industries, and Chemicals & Life Sciences sectors, representing 18 regions across the country.

“This is a landmark step in President Gustavo Petro’s strategy to diversify the economy, as it allows us to showcase the quality of our products and strengthen Colombia as a trading partner for Asia,” said Diana Marcela Morales, Minister of Trade, Industry, and Tourism.

“This event reaffirms our commitment to bringing regional products to international platforms, diversifying markets, attracting investment, and consolidating Colombia as a reliable and competitive supplier,” said Carmen Caballero, President of ProColombia, the promotion agency of the country.

Japan leads the international delegation with 39 buyers, followed by South Korea (10) and China (9). In addition, 11 investors from Japan, China, and South Korea will also participate.

This business matchmaking forum opens new opportunities for Colombian entrepreneurs and highlights the country’s presence at Expo Osaka 2025, where Colombia’s pavilion invites visitors on a journey guided by water as a symbol of life—featuring settings inspired by snow-capped peaks, the atmosphere of Macondo in One Hundred Years of Solitude (Gabriel García Márquez), and the country’s six tourism regions.

Japan and Colombia in Numbers

In 2024, Colombia’s non-mining exports to Japan totaled USD $293.4 million, up 3.3% compared to 2023. The main exports were green coffee, fresh flowers, coffee derivatives, fungicides, and electrical devices. By January 2025, exports to Japan reached USD $28.4 million, a 5% increase compared to the same period in 2024.

Between 2000 and 2024, Japanese investment in Colombia totaled USD $766.9 million. Japan is currently Colombia’s third-largest Asian investor, after China and India, with more than 45 Japanese companies established in the country.

Acting Thai Government Moves to Dissolve Parliament

Thailand’s Acting PM Phumtham dissolves parliament after opposition backs rival Anutin Charnvirakul, triggering new elections within 45–60 days.

By Thanaporn PROMYAMYAI/AFPThailand’s acting prime minister has moved to dissolve parliament, his party said Wednesday, 3 September after the largest opposition party backed a rival candidate to lead the country.

Prime minister Paetongtarn Shinawatra was ousted by the Constitutional Court last week over her handling of a border row with Cambodia, leaving a power vacuum in the kingdom’s top office as rival factions jostled to replace her.

Her Pheu Thai party, still governing in a caretaker capacity, had courted the power-broking opposition People’s Party to back its own new candidate for prime minister.

But the People’s Party declared its support for conservative tycoon Anutin Charnvirakul instead.

Just moments later, Pheu Thai secretary general Sorawong Thienthong told AFP that acting Prime Minister Phumtham Wechayachai “has submitted a house dissolution decree”.

According to the Thai constitution, if the king approves the dissolution of parliament, an election must take place between 45 and 60 days later.

Covid and cannabis

Pheu Thai are the current electoral vehicle of the Shinawatra dynasty, which has for two decades jousted with the kingdom’s pro-monarchy, pro-military elite.

But their influence is in decline, analysts say, and they are struggling to keep a grip on power.

The People’s Party pledged its 143-strong parliamentary bloc to back Anutin, heir to a construction engineering fortune who previously served as deputy prime minister, interior minister and health minister, in 2022 delivering on a promise to legalise cannabis.

Charged with the tourist-dependent kingdom’s Covid-19 response, he accused Westerners of spreading the virus and was forced to apologise after a backlash.

But with parliamentary dissolution pending, it is unclear whether he will make it to the top office.

Anutin’s Bhumjaithai Party was a key coalition backer of former prime minister Paetongtarn but abandoned their pact to govern this summer over her conduct during a border row with Cambodia.

That same dispute saw Paetongtarn sacked by the Constitutional Court on Friday, after it found she had breached ministerial ethics in the spat.

Only candidates nominated as potential premiers in the 2023 election are eligible to serve as prime minister, and a streak of turmoil had seen the number of potential leaders whittled down to just five.

The People’s Party had said its backing of Anutin was also conditional on house dissolution and fresh polls within four months, meaning his elevation to office would also set the stage for an election.


© Agence France-Presse

Aon Study Highlights Strategic Wellbeing Imperatives for Chinese Insurers to Build Capability and Address Medical Inflation Costs

  • Only one-third of insurers in China provide mental health services, despite rising demand
  • Fifty percent of insurers see personalisation as key to the success of health and wellbeing programs

SINGAPORE – Media OutReach Newswire – 3 September 2025 – Aon plc (NYSE: AON), a leading global professional services firm, released insights from its inaugural 2025 Insurer Wellbeing Benchmarking Report offering a comprehensive analysis of the health and wellbeing services provided by insurers across mainland China. The report highlights both the breadth of services available and the critical gaps that remain in delivering measurable health outcomes and employee satisfaction.

The report is based on a survey of 12 insurers and evaluates over 600 data points across 10 key wellbeing domains, including telemedicine, mental health, employee assistance programs (EAPs), health screenings and case management.

The report reveals that the health insurance market is projected to exhibit a compound annual growth rate of 7.4 percent from 2024 to 2032. Additionally, the Chinese Government has introduced initiatives like Healthy China 2030 to ensure universal health security, emphasising preventive care and wellness programs. Increased market competition has required insurers to enhance efficiency and implement cost containment measures with 92 percent of insurers providing customisation support for clients with more than 1,000 employees.

“The China health insurance market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and supportive government policies,” said Susan Fanning, head of wellbeing solutions for APAC at Aon. “Insurers are expanding their offerings and rethinking how they deliver care — moving beyond traditional coverage to focus on prevention, personalisation and measurable outcomes. This report highlights the urgency for insurers to evolve their wellbeing strategies, build stronger partnerships, and use data more effectively to meet employee needs and manage costs.”

Key highlights:

· Telemedicine: China’s most impactful digital health tool

Eleven out of 12 insurers have telemedicine options, making it the most widely adopted and effective service in reducing outpatient claims. Sixty-seven percent report measurable savings (0.5 percent to 5.1 percent), with services including 24/7 general physician access, chronic disease management and e-prescriptions. Despite strong ROI, only 40 percent offer telemedicine via annual subscription — highlighting a missed opportunity for scalable cost control.

· EAPs: Widely available, modestly used

While 66 percent of insurers offer EAPs, utilisation remains low, with only 10 percent of those corporates using them. Integration with other health services and more frequent HR engagement are needed to boost impact.

· Mental health: Underserved and underutilised

Only one-third of insurers provide mental health services, despite rising demand and high risk of mental health issues among employees. Utilisation is under 10 percent for 75 percent of policyholders and only 25 percent of programs are localised for cultural relevance.

· Health screenings: High potential, low ROI

Although five out of 12 insurers offer health screenings, none reported direct claims savings. Gaps in post-screening follow-up and reporting hinder their effectiveness in driving long-term health improvements.

· Case and specialist management: Critical Gaps

Less than half of insurers offer case management or specialist programs. Notably, there are no specialist programs for cancer, cardiovascular disease, gastrointestinal conditions or skin disorders — despite their prevalence.

Top Wellbeing Products and Services Offered

  • Virtual consultations with healthcare providers
  • Wellbeing workshops and seminars
  • Onsite health clinics
  • EAP
  • Physical wellbeing programs/mental health support

Nina Yu, head of Health Solutions for China at Aon, said, “China’s health insurance market is one of the most dynamic in Asia. Our findings reveal the enormous potential of customised benefits programmes in increasing the utilisation of these plans and reducing health inflation costs. The findings underscore a clear opportunity: insurers and employers must collaborate more closely, use data analytics and digital platforms to tailor benefits, improve access and drive measurable outcomes.”

“To position themselves as best-in-class employers, companies must move beyond offering services to strategically implement targeted, culturally relevant programs that meet evolving employee needs and help bend the medical cost curve,” Yu added.

Read more about Aon’s offerings in China here.

Hashtag: #Aon

The issuer is solely responsible for the content of this announcement.

About Aon

(NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Ph fintech GCash teams up with Alipay+, Mastercard for ‘Tap to Pay’ global launch

MANILA, Philippines, Sept. 2, 2025 /PRNewswire/ — Leading Philippine fintech player GCash has launched a new payment innovation, introducing a next-generation contactless solution that offers convenience, security, and global reach.

GCash launched a new payment innovation introducing next-generation contactless solution that offers convenience, security, and global reach.
GCash launched a new payment innovation introducing next-generation contactless solution that offers convenience, security, and global reach.

GCash Tap to Pay can now be used by its users to pay at more than 150 million Mastercard acceptance locations across the world, powered by Near Field Communications (NFC) technology. This innovative solution for e-wallets to make NFC payments is enabled through a collaboration between Alipay+ and Mastercard.

“At GCash, our goal has always been to drive financial innovation and create an inclusive, cashless ecosystem,” said Ren-Ren Reyes, president and CEO of GCash mobile wallet operator G-Xchange, Inc. “With Tap to Pay, we’re not just modernizing payments; we’re empowering Filipinos with a seamless and globally competitive solution that is locally relevant and universally accessible.”

Tap to Pay enables users to complete payments with a simple tap of their NFC-enabled Android phone on any Mastercard-accepting POS terminal. This complements the current QR code payment in more than 50 destinations globally, significantly expanding global acceptance of GCash via scan or tap—from small local shops to major department stores.

“GCash is a pioneer in driving digital payments, and now one of our first partners to enable Alipay+ NFC global payment capability,” said Douglas Feagin, President of Ant International. “Alipay+’s collaboration with Mastercard is redefining a new future of global payments, enabling Alipay+ partner wallets to be accepted at Mastercard NFC merchants around the world. We believe that greater interoperability between e-wallet and card systems is a trend of the future.”

Robust security is at the core of this innovation, with authentication protocols and data encryption ensuring every payment is protected from tampering and fraud. The result is a seamless and secure experience for everything from a quick coffee run to a full grocery trip.

GCash Tap to Pay now empowers Filipinos to make simpler, more seamless transactions—both locally and internationally—through a strategic collaboration with Alipay+ and Mastercard.

About GCash

GCash is the Philippines’ #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines.

GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.

SERES Posts Robust H1 2025 Results: Revenue Hits CNY 62.4 Billion, Net Profit Up 81% to CNY 2.94 Billion, R&D Investment Soars nearly 155%

CHONGQING, China, Sept. 3, 2025 /PRNewswire/ — On August 29, SERES announced its 2025 mid-year results, reporting strong growth across all key metrics. In the first half of the year, SERES achieved operating revenue of CNY 62.4 billion and net profit attributable to shareholders of CNY 2.94 billion—an 81% year-on-year increase. R&D investment reached CNY 5.12 billion, up nearly 155% from the prior year, while NEV sales totaled 172,108 units.

This impressive performance was fueled by robust demand for premium smart electric vehicles under the AITO brand, supported by exceptional product quality and delivery capabilities. Contributing factors include the versatile MF Platform for efficient model development, the Super Factory for rapid production scaling, advanced digital-intelligent quality assurance systems, and a modern luxury experience that continues to strengthen AITO’s market reputation.

Media reports
Media reports

AITO’s latest models continue to raise the bar, with the AITO 9 and AITO 8 maintaining their positions as sales leaders.

In the first half of this year, the AITO series continued to evolve with several new launches, including the AITO 5 Ultra, the 2025 Edition AITO 9, and the AITO 8—all of which received strong market and consumer response.

Thanks to improvements across its entire value chain, AITO has set new standards for delivery among China’s luxury new energy vehicle brands. As of August 2025, total deliveries of all AITO models have surpassed 750,000 units. Notably, cumulative deliveries of the AITO 9 have exceeded 220,000 units, making it the top-selling vehicle in the CNY 500,000 luxury car segment. The AITO 8 quickly became a bestseller after its debut, with over 70,000 units delivered and holding the top spot in the CNY 400,000 price segment for four consecutive months.

Additionally, according to LandRoads’ Brand Health Tracking Study for New Energy Vehicles in the first half of 2025, the AITO brand ranked No. 1 in the Brand Development Confidence Index. The AITO 9 also led the overall new energy vehicle Net Promoter Score (NPS) rankings, with a score of 85.2.

Media reports
Media reports

Notably, AITO launched an all-electric version of its family-focused flagship SUV, the AITO 8, on August 25. The all-new AITO 7 is also set to make its official debut in September. With the ongoing introduction of new models, AITO continues to expand its product lineup to meet the diverse needs of consumers and strengthen its leadership in the luxury new energy vehicle market.

A Commitment to Technological Innovation and Robust R&D Investment

Technological innovation is central to SERES’ long-term growth. The company has consistently invested in research and development, driving new advancements and achieving remarkable results in technology. In the first half of 2025, SERES invested CNY 5.20 billion in R&D—nearly a 155% increase year-over-year. The number of R&D personnel reached 6,984, up approximately 27% from last year and now comprising 36% of the company’s total workforce.

At this year’s Shanghai Auto Show, SERES unveiled its intelligent safety system, pioneering a scenario-based approach to vehicle safety. The new system establishes an intelligent safety framework across four key areas: life protection, vehicle body protection, health care, and privacy protection. This comprehensive approach ensures user safety throughout the entire vehicle lifecycle and sets a new industry benchmark for intelligent safety.

Media reports
Media reports

Previously, SERES introduced a series of major technological advancements, including the SERES MF Platform, SERES Super Range-Extender, and the SERES Super Factory. The SERES Super Factory has been an industry pioneer with its “factory-within-a-factory” model, driving product integration, intelligent manufacturing, and industrial clustering to boost collaboration and innovation. The company also set a new industry standard with its Zero-Carbon Smart Logistics Hub.

Brand Value Surges Amid Strong Investor Confidence

As the world’s fourth new energy vehicle manufacturer to achieve profitability, SERES laid a strong foundation for growth in the first half of the year through strategic product portfolio optimization, technological innovation, and enhanced operational efficiency.

SERES also ranked 169th on the 2025 Fortune China 500 list. This was an ascent of 235 spots from the previous year, making it the fastest-climbing company on the list. On the TopBrand 2025 China’s Top 500 Brands list, released in August, SERES ranked 92nd with a brand value of CNY 175.52 billion, breaking into the automotive industry’s top 10 and highlighting its leadership in brand development and market influence. More recently, on August 28, SERES climbed to 59th place—up 174 spots—on the 2025 China Top 500 Private Enterprises list, becoming the top-ranked private enterprise in Chongqing.

Meanwhile, the capital markets continue to show strong confidence in SERES’ future growth. In the past six months, nearly 40 securities firms have issued “Buy” ratings for SERES, with expectations that the company will maintain a strong growth trajectory throughout the second half of the year.