FUZHOU, China, April 22, 2025 /PRNewswire/ — Shengfeng Development Limited (NASDAQ: SFWL) (“Shengfeng” or the “Company”), a leading integrated logistics solutions provider in China, today announced a multi-year strategic partnership with Contemporary Amperex Technology Co., Limited (CATL) (SZSE: 300750), a global leader in lithium-ion battery innovation (the “Partnership”). The collaboration which is expected to be valued at approximately 300 million RMB ($42 million USD), reinforces Shengfeng’s pivotal role in advancing CATL’s global clean energy supply chain and underscores its leadership in China’s rapidly evolving new energy logistics sector.

Leveraging Infrastructure Excellence for Industry (New Energy) Transformation

Initiated in March 2025, the Partnership builds on Shengfeng’s expertise in large-scale smart logistics infrastructure, including Ningde Shengfeng Smart Logistics Center—one of the Company’s flagship facilities operational since late 2024 (the “Center”). Designed with advanced automation and tailored energy storage solutions, the Center has become a cornerstone of CATL’s regional operations. Pursuant to the agreement between Shengfeng and CATL, Shengfeng will manage nationwide transportation and distribution of CATL’s battery components and finished products, utilizing proprietary technologies to enhance supply chain efficiency and reliability.

Yongxu Liu, Chairman and CEO of Shengfeng, highlighted the strategic value of the Partnership:

“Our alliance with CATL represents a convergence of vision and capability. By integrating our intelligent logistics platform with CATL’s groundbreaking energy technologies, we are redefining sustainable supply chain practices for the new energy era.”

Innovation-Driven and Sustainable Execution

Shengfeng’s operational framework emphasizes sustainability and technological innovation:

• Eco-Friendly Fleet Integration: Gradual adoption of alternative energy vehicles for dedicated CATL logistics operations.
• Enhanced Supply Chain Visibility: Implementation of real-time tracking systems to ensure end-to-end transparency.
• Adaptive Logistics Networks: Data-driven optimization of warehousing and transportation resources to meet dynamic industry demands.

These initiatives not only align with both companies’ environmental stewardship commitments but also actively contribute to accelerating the transition towards low-carbon supply chains across industries.

Strategic Synergy and Market Leadership in the New Energy Sector

With decades of experience spanning hundreds of cities nationwide, Shengfeng’s extensive network complements CATL’s expansive production and distribution footprint. The Partnership is expected to significantly contribute to Shengfeng’s growth trajectory while reinforcing its position as a preferred logistics partner in the high-potential new energy sector.

Charting the Future of Intelligent Logistics

Beyond immediate operational enhancements, Shengfeng and CATL are exploring collaborative innovation in next-generation logistics technologies. Pilot programs for emerging solutions, such as smart transportation systems, are under discussion to further align with the evolving needs of the global energy transition.

“This Partnership is a platform for our continuous innovation,” added Mr. Liu. “Together, we aim to build agile, sustainable supply chains that set new industry benchmarks.”

About Shengfeng Development Limited

Shengfeng Development Limited is a contract logistics company in China providing customers with integrated logistics solution services. Established in 2001, the Company has developed extensive and reliable transportation networks in China, covering 382 cities across 32 provinces, as of March 31, 2025. The Company provides integrated logistics solutions comprised of B2B freight transportation services, cloud storage services, and value-added services. The Company applies well-established management system and operation procedures to assist companies in China to increase efficiency and improve their own management systems with respect to transportation, warehousing and time management. For more information, please visit the Company’s website: http://ir.sfwl.com.cn/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, including under the section entitled “Risk Factors” in its annual report on Form 20-F filed with the SEC on March 28, 2025, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov.  Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise. The Company claims the protection of the safe harbor for forward-looking statements contained in the Act for all forward-looking statements.

FORNEBU, Norway, April 22, 2025 /PRNewswire/ — Mainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that it has sold its 675 MW portfolio of wind and solar assets under development in Colombia to Celsia, a local energy company, part of the Argos Group. The divestment marks Mainstream’s exit from the Colombian market.

The assets, which Mainstream has been developing since 2019, comprise three solar projects and two wind projects; the 100 MW Andromeda solar farm, the 175 MW Aries solar farm, the 100 MW Pollux solar farm as well as the 150 MW Neptuno and 150 MW Sirius wind farms.

The transaction aligns with the company’s updated and more focused strategy, concentrating on developing its pipeline of projects primarily in three core markets where it sees the greatest potential for value creation – South Africa, Australia, and the Philippines – and creating value through strong project execution, a lean cost base and capital efficiency, including capital recycling.

For further information, please contact:
Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,
email: jonas.gamre@akerhorizons.com

Mats Ektvedt, Media, tel: +47 41 42 33 28,
email: mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com

About Mainstream Renewable Power

Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 22.7 GW. www.mainstreamrp.com

This information was brought to you by Cision http://news.cision.com

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GOTHENBURG, Sweden, April 22, 2025 /PRNewswire/ — “We are entering 2025 with healthy organic sales growth and improved adjusted operating profit despite headwinds from currency effects,” says Mattias Perjos, President & CEO at Getinge. The medtech company’s net sales increased organically by 6.2% while the order intake rose by 2.9% organically.

The performance in the quarter was mainly driven by Acute Care Therapies, where Getinge as a leading supplier is working intensively to meet higher customer demand for ventilators and consumables in ECLS.

“We also see that the positive trend for Sterile Transfer in Life Science is continuing, while the product category Bio-Processing remains challenged. Infection Control is continuing to strengthen the Surgical Workflows business area, meanwhile sales of operating tables declined compared with last year’s strong Q1,” says Mattias Perjos, President & CEO at Getinge.

Paragonix Technologies, Inc, acquired in the autumn of 2024, is continuing the growth journey and recently launched KidneyVault, which has received positive feedback from users.

“Additionally, five of the company’s six products now have EU MDR approval, representing a milestone in the ongoing expansion outside the US,” Perjos explains. “Within Life Science we launched the DPTE^®-FLEX Alpha port, which minimizes the risk of contamination of sensitive biopharmaceutical medicines.

Getinge’s intention to phase out the Surgical Perfusion business is progressing according to plan.

“This will certainly impact the organic order intake and sales negatively but is expected to make a positive contribution to the adjusted operating margin as early as this year, for example, by reallocating resources to more profitable areas such as ECLS and Transplant Care, which is the product area that includes the aforementioned Paragonix.”

The recent escalation of trade barriers and geopolitical tensions ultimately affects hospitals and patients the most, since tariffs distort competition and lead to higher costs. Getinge is preparing for various scenarios and potential necessary actions, where price adjustments are one of many tools available to counteract negative effects on profitability.

“Looking at the global increasing care needs in the long term, and our leading position in key niches as well as a diverse supply chain, we are well positioned to manage the current challenges. We remain positive in our outlook for 2025 where we will continue to create value for our customers, clinical staff, and patients around the world,” says Perjos.

January-March 2025 in brief

• Net sales increased organically by 6.2% (0.0) and the order intake rose by 2.9% organically (2.5).
• Adjusted gross profit amounted to SEK 4,337 M (3,855) and the margin was 52.1% (51.3).
• Adjusted EBITA amounted to SEK 1,003 M (842) and the margin was 12.1% (11.2).
• Adjusted earnings per share amounted to SEK 2.18 (1.92).
• Free cash flow amounted to SEK 160 M (944).

Phone Conference

A conference call will be held on April 22, at 13.00-14.00 p.m. CEST hosted by Mattias Perjos, President & CEO, and Agneta Palmér, CFO.

To participate via teleconference, please register via this link. After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.

During the conference call a presentation will be held. To access the presentation through webcast, please use this link. A recorded version can be accessed here for 3 years.

Contact information:
David Kördel, Head of Investor Relations
Phone: +46 (0)10 335 0077
Email: david.kordel@getinge.com

This information is such that Getinge AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, on April 22, 2025, at 12.00 CEST.

About Getinge

With a firm belief that every person and community should have access to the best possible care, Getinge provides hospitals and life science institutions with products and solutions that aim to improve clinical results and optimize workflows. The offering includes products and solutions for intensive care, cardiovascular procedures, operating rooms, sterile reprocessing and life science. Getinge employs approximately 12,000 people worldwide and the products are sold in more than 135 countries.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/getinge/r/getinge-interim-report-january-march-2025–strong-sales-and-improved-earnings—continued-focus-on-c,c4138184

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TOKYO, April 22, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF) (“TOYO” or the “Company”), a solar solution company, has officially started production at its new facility in Ethiopia in early April 2025. The company is scheduled to deliver more than 80 MW of solar cells to customers by the end of April.

Following the initial deliveries, TOYO plans to ramp up operations significantly. By May and June 2025, the new Ethiopian plant is expected to be fully operational, with a monthly production capacity of 150 to 200 MW. The company recently announced that it is expanding its nameplate capacity at this location to 4GW based on robust external customer demand and the internal needs of its new module facility in Houston Texas. This expansion aligns with TOYO’s broader strategy to strengthen its global solar manufacturing footprint and meet increasing demand for renewable energy solutions.

TOYO’s entry into Ethiopia marks a strategic move to diversify manufacturing locations and leverage regional advantages, supporting sustainable energy growth globally.

“We are very positive about the strong demand we are seeing in the market and are working diligently to execute the additional 2GW expansion in Ethiopia,” said Junsei Ryu, Chairman and CEO of TOYO Co., Ltd. “2025 is shaping up to be a year of massive growth for TOYO fueled by solar power’s ability to rapidly add low-cost power to the grid and our commitment to sustainable energy solutions on a global scale.”

About TOYO Co., Ltd.

TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO products, TOYO’s construction plan for new facilities and anticipated commencement of production. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO’s management and are not predictions of actual performance.

These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading “Risk Factors” of the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of TOYO as of any date subsequent to the date of this press release. Except as may be required by law, TOYO does not undertake any duty to update these forward-looking statements.

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185