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“Two Countries, Twin Parks” model between China, Malaysia makes new progress

BEIJING, April 15, 2025 /PRNewswire/ — A report from People’s Daily: In the China-Malaysia Qinzhou Industrial Park in Qinzhou, south China’s Guangxi Zhuang autonomous region, trucks loaded with construction materials shuttle back and forth, while cranes and bulldozers operate on both sides of the roads. New projects are under rapid development, creating a dynamic and bustling atmosphere.

“The park continues to draw robust investment interest, with an increasing number of enterprises establishing operations here,” said Zuo Kongtian, deputy director of the administrative committee of the China-Malaysia Qinzhou Industrial Park.

As of December 2024, the first phase of the park had attracted a total of 345 projects, generating an industrial output of 106 billion yuan ($14.55 billion) and a foreign trade volume of 45.14 billion yuan. The park has also utilized approximately $822 million in foreign investment.

Launched 12 years ago, the Malaysia-China Kuantan Industrial Park (MCKIP) in Malaysia and the China-Malaysia Qinzhou Industrial Park in China have developed in tandem, pioneering the “Two Countries, Twin Parks” model of international industrial cooperation. This initiative has injected fresh momentum into the high-quality Belt and Road cooperation between China and Malaysia.

Located in Malaysia’s East Coast Economic Region in the state of Pahang, the MCKIP has transformed the coastal city of Kuantan into a regional industrial hub. Approximately 10 square kilometers – representing 71.5 percent of the park’s total area – have been developed to date, with 15 projects secured across industries such as steel production, tire manufacturing, paper-making, automotive components, and food processing. The park’s cumulative industrial output has surpassed 100 billion yuan.

Since Chinese companies became shareholders in the nearby Kuantan Port, the port’s new terminals have seen a significant rise in operational capacity, with daily cargo throughput increasing from 10,000 to 30,000 tons.

“In the new deep-water terminal area, two 150,000-ton-class berths built through joint efforts now handle nearly 10 million tons of bulk cargo annually, making them among the largest public bulk cargo terminals in Malaysia,” said Wang Chao, assistant general manager of the operations department at Kuantan Port Consortium Sdn Bhd.

Since the launch of a direct container shipping route between Qinzhou Port and Kuantan Port in 2017, the voyage time between the two ports has been shortened to just three to four days, significantly boosting trade flows between the twin parks.

The first enterprise to establish operations in the MCKIP was Alliance Steel (M) Sdn. Bhd. (ASSB), which commenced full-scale production in 2019. Now operating at an annual production capacity exceeding 3.5 million tons, ASSB has evolved into one of Malaysia’s most advanced and vertically integrated steel manufacturers, with products distributed globally.

“ASSB has driven significant advancements in Malaysia’s steel industry, transitioning the nation from a steel importer to an exporter,” stated Hu Jiulin, chief engineer and deputy general manager of ASSB.

“Sustainability remains central to our project’s design and operations,” Hu added. “Our carbon emissions adhere to standards exceeding local regulations, and we’ve implemented circular economy practices – recycling waste heat and gases for energy generation – to reduce emissions and energy consumption.”

In recent years, Malaysian specialty products such as bird’s nest, durian, and coffee have gained significant popularity among Chinese consumers through major trade expos like the China International Import Expo (CIIE) and China-ASEAN Expo. Many of these products are processed and packaged in the China-Malaysia Qinzhou Industrial Park.

Dato’ Ragu Sampasivam, chief operating officer of Malaysia’s East Coast Economic Region Development Council of Malaysia, emphasized that an increasing number of high-quality products from both countries are now entering each other’s markets via the twin parks, creating greater development opportunities for businesses on both sides.

Khairy, a senior executive of Industrial Relations at ASSB’s Business Management Department, shared his insights at the MCKIP, speaking fluent Chinese: “My parents enrolled me in a Chinese language school when I was young, believing it would broaden my future prospects. They were absolutely right,” Khairy said.

A native of Kuantan, Khairy resides just a short drive from the park.. “Even during my college years, I followed the progress of the MalaysiaChina joint industrial park project. He recalled: “When I was still in college, I heard about the joint industrial park project between Malaysia and China. Watching the buildings and factories rise from the ground, many local young people, including me, saw the park as a place of opportunity,” he said.

Today, the MCKIP has not only elevated Kuantan’s regional profile but also generated abundant employment opportunities. AIIB alone hires more than 4,000 local employees, offering salaries above the regional average. “Securing a position at the park has become the top career aspiration for young people in this area,” Khairy added.

Recently, the maiden voyage was made along the Kuantan Port – Beibu Gulf Port cold-chain shipping route, marking a new milestone in the “Two Countries, Twin Parks” collaboration.

Malaysian Transport Minister Anthony Loke Siew Fook said the new route is more than just a logistics corridor – it is a testament to the long-term partnership between Malaysia and China.

“Under the framework of high-quality Belt and Road cooperation, the twin parks have laid a solid foundation for deeper collaboration in industry, trade, and infrastructure between our two countries,” he said.

AI On Stage: HKUST Debuts AI-Generated Film Festival

HONG KONG, April 15, 2025 /PRNewswire/ — Over 700 filmmakers, including award-winning directors, Emmy-nominated storytellers, established and emerging producers from over 80 countries and regions, have submitted their fully-AI generated artworks to the first 100% AI-focused film festival hosted by The Hong Kong University of Science and Technology (HKUST). The work of 35 finalists will be showcased in a screening on HKUST campus this Saturday (April 19), where the Best Film, Best Narrative, and Frontier Award will be announced.

As the first AI film festival in Greater China, the HKUST ‘AI Film Festival’ (AIFF) garnered no less attention than the AI generated content sector of world-renowned film festivals such as Busan International Film Festival and Beijing International Film Festival. On top of a professional jury panel featuring prominent figures from the film industry – such as five-time Oscar winner Mr. Richard TAYLOR, known for his work on The Lord of the Rings; Prof. Ting CAO, Dean of Photography at Beijing Film Academy; and Mr. Tim CHEUNG, Computer Animation Festival Chair of the SIGGRAPH Asia 2025 –  the AIFF has also received the invaluable support from esteemed partners, including the Asia Digital Art Exhibition, Stanford AI ShortFest 2025, and the MIT AI Filmmaking Hackathon.

As AI becomes increasingly important for enhancing, streamlining and optimizing creative processes across various art forms – including film, visual arts and digital media, HKUST established a new Division of Arts and Machine Creativity (AMC) last July, hoping to nurture a new generation of art tech talents who could seize the opportunities presented by the emerging market needs in the creative industry. 

Apart from launching new academic programs, cross-disciplinary research initiatives and international activities like the AIFF, the AMC will also hold a full-day forum before the screening this Saturday. Esteemed speakers such as Mr. Brian CONNOR, an acclaimed American visual effects artist celebrated for winning the Oscar’s Best Visual Effects for Dune; Mr. Tony NGAI, Honorary Advisor of the Hong Kong Society of Cinematographers, who brings over 50 years of invaluable experience in Hong Kong’s film industry; and Prof. Maneesh AGRAWALA, Director of the Brown Institute for Media Innovation at Stanford University, will share their insights with an audience of students, faculty and industry leaders on AI’s transformative impact on the film industry and its potential to redefine the future of cinema.

HKUST Provost Prof. GUO Yike stated, “Art Tech, an emerging focus area actively supported by the government, is rapidly transforming the art industry ecosystem. With the establishment of Hong Kong’s first division dedicated to arts and machine creativity last year, HKUST is committed to nurturing future talents who can leverage cutting-edge technologies in the art creation process. Hosting the first AI Film Festival on our campus not only represents a significant milestone in our promotion of Art Tech but also fosters creativity exchange and stimulates discussions on the future of Art Tech, supporting Hong Kong’s aspiration to become a global arts and cultural hub.”

HKUST Acting Head of the Division of Arts and Machine Creativity, Prof. FU Hongbo, expressed gratitude for the exceptional backing from both industry and academia. “In the era of Art Tech, mastery of the latest tools, such as SORA and Kling, is vital for industry practitioners. Through the AIFF, we aim to unite filmmakers, content creators, and artists from diverse backgrounds, fostering a collaborative environment where they can exchange knowledge and explore the future of Art Tech. Together, we can push beyond the traditional boundaries of creativity and innovation.”

The AIFF is part of the three-day Computational Visual Media 2025 – an international forum hosted in Hong Kong for the first time by HKUST which aims at exchanging innovative research ideas and showcasing the application of different visual arts technologies.

For more details of the AIFF, please visit: https://cveu.github.io/event/hkustfilm2025.html
If you are interested in joining the screening session, please submit the registration form via: https://forms.gle/YFYo6ussx2fxhwVCA

Download photos here: https://geco.ust.hk/download/press_release/2025/0415%20AI%20Film%20Festival/

Watch the trailer video here: https://youtu.be/jLYcMu5laXU

Hesai’s AT128 Powers Didi and GAC Aion’s First Mass-Produced L4 Robotaxi

SHANGHAI, April 15, 2025 /PRNewswire/ — Hesai Group (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its long-range automotive lidar AT128 has been selected as the lidar solution for the first L4 production-ready Robotaxi jointly unveiled by Didi Autonomous Driving, the self-driving technology arm of DiDi Global (“DiDi”), and GAC Aion New Energy Automobile Co., Ltd. (“GAC Aion”), a Chinese electric vehicle manufacturer and a subsidiary of the Guangzhou Automobile Group (GAC Group). Debuting at the 2025 GAC Tech Day and GAC Intelligent Safety Summit in Guangzhou, the vehicle is set to enter mass production this year, with initial deployment beginning in 2026.

The new Robotaxi model features four Hesai AT128 lidar sensors, playing a central role in the vehicle’s 360° blind-spot-free perception system. With an industry-leading 1200×128 resolution, the AT128 captures 1.53 million points of data per second, offering detailed and reliable perception in complex and dynamic driving environments. Its long detection range of up to 200 meters, and 120° field of view enable early detection of obstacles, significantly enhancing safety in urban and highway scenarios. The Robotaxi integrates 33 sensors in total, using a heterogeneous sensor fusion architecture to deliver real-time, 360° situational awareness. The deployment of four AT128 lidar sensors enhances depth perception, ensuring safe navigation through complex traffic environments.

“We are honored to support the L4 Robotaxi with our AT128 lidar,” said David Li, Co-Founder and CEO of Hesai. “Our collaboration with Didi Autonomous Driving and GAC Aion exemplifies the powerful synergy between advanced lidar innovation and full-stack autonomous driving systems and demonstrates what’s possible when cutting-edge lidar technology meets sophisticated autonomous driving systems to transform how people move through the world.”

The L4 Robotaxi production model is the result of a multi-year strategic collaboration between Didi Autonomous Driving and GAC Aion. The vehicle combines GAC Aion’s globally adaptable safety redundancy platform for L4 autonomous driving with Didi’s upgraded hardware platform, multi-layered safety redundancy, and full-stack autonomous driving software.

Hesai remains committed to pushing the boundaries of lidar technology and supporting its partners in achieving safe, scalable, and cost-effective autonomous driving.

About Hesai

Hesai Group (Nasdaq: HSAI) is a global leader in LIDAR solutions. The company’s LIDAR products enable a broad spectrum of applications including passenger and commercial vehicles (“ADAS”), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs (“Robotics”). Hesai seamlessly integrates its in-house manufacturing process with LIDAR R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.

About DiDi Autonomous Driving

DiDi’s autonomous driving unit was set up in 2016 and was committed to delivering world’s leading Level 4 autonomous driving (“AD”) technologies, aiming to make transportation safer and more efficient. In August 2019, this unit was upgraded to an independent company, DiDi Autonomous Driving, focusing on advanced AD technology research and development, product application and other expanded businesses. Up to now, DiDi Autonomous Driving have acquired public road testing licences in Beijing, Shanghai, Suzhou and California, along with one of the first Intelligent Connected Vehicle Demostration Application License in China that issued by Shanghai.

Hisense Showcases AI-Powered Smart Home Solutions at the 137th Canton Fair

QINGDAO, China, April 15, 2025 /PRNewswire/ — Hisense, a global leader in consumer electronics and home appliances, is showcasing its latest innovations at the 137th Canton Fair, held from April 15 to April 19 in Guangzhou, China. Located at Hall 3.2, Booth C19-59, Zone A, Hisense presents a range of AI-driven smart home solutions under the theme “AI Your Life,” demonstrating how AI is transforming everyday living.

Hisense at the 137th Canton Fair
Hisense at the 137th Canton Fair

AI-Powered Audio-Visual Solutions

Hisense’s 116UX TV series features a TriChroma MiniLED X backlight that achieves peak brightness of up to 10,000 nits and covers 97% of the BT.2020 color gamut. As the No. 1 maker of 100-inch+ TVs globally, Hisense equips the 116UX with the Hi-View AI Engine X, delivering advanced picture enhancements such as AI Color Local Dimming and AI 4K Upscaling for an immersive viewing experience.

Hisense 116UX TV Series
Hisense 116UX TV Series

The 100-inch U7 PRO and U8 series TVs are also on display. The U7 PRO, tuned by Devialet, delivers exceptional picture quality with AI Clear Voice enhancing commentary and dialogue in noisy environments, perfect for sports fans and movie lovers. The U8 features 165Hz Game Mode Ultra, designed for gamers, offering smoother gameplay with a high refresh rate, low latency, and dynamic sync for an immersive, lag-free experience.

Hisense also presents the Laser TV L9Q, an ultimate deluxe home cinema solution, and the Laser Cinema PX3-PRO, the world’s first Designed for Xbox UST projector. The Laser TV L9Q boasts an AI-powered 4K Upscaler, AI HDR Upscaler, and AI Noise Reduction, as well as AI Color Optimization and AI Natural Face for rich, lifelike colors with incredible precision.

Hisense L9Q Laser TV
Hisense L9Q Laser TV

The HT SATURN sound system leverages AI technology to optimize audio performance by calibrating sound output based on acoustic environment of the room, ensuring an exceptional listening experience in any environment.

The Laser TV L9Q, HT SATURN sound system, 65U7Q PRO, and 65U8Q TVs are all certified by Devialet, guaranteeing exceptional sound quality and a premium audio experience.

Smarter Home Living with AI-Connected Solutions

With Hisense’s ConnectLife platform, managing a smart home is effortless. The ConnectLife Hub refrigerator integrates with other smart devices, adding missing ingredients to the shopping list. The AI-powered Dish Designer customizes dinner and sends it to the oven with a single click, while the dishwasher automatically selects the appropriate washing cycle.

Hisense ConnectLife Platform
Hisense ConnectLife Platform

In the living room, the smart TV serves as a control hub for managing devices. Through ConnectLife, users can visualize their home in 3D, manage room temperature and humidity, and adjust the AI air conditioner’s airflow based on position. The 7-series AI laundry system simplifies washing and drying, optimizing settings and promoting energy-saving habits.

Hisense elevates the smart home ecosystem by equipping large-screen refrigerators, washing machines, and dishwashers with TFT displays, with TFT ovens launching soon. These screen-equipped devices drive seamless integration and offer an intuitive, interactive user experience across connected products.

Explore the Future of Smart Homes with Hisense

Hisense’s exhibit at the Canton Fair underscores its commitment to creating intelligent, AI-driven home appliances that redefine modern living. Visitors can experience these groundbreaking innovations firsthand, witnessing how Hisense integrates advanced technology to make homes smarter, more efficient, and more enjoyable.

Visit Hisense at Hall 3.2 C19-59, Zone A, from April 15 to April 19 to explore these innovations in person.

About Hisense

Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense has ranked No. 2 globally in total TV shipments from 2022 to 2024, and No. 1 in 100”+ TVs segment from 2023 to 2024. The company has rapidly expanded to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

Pilatus Biosciences to Present Research on PLT012 at AACR 2025

Novel Immunometabolism Approach Targets Immune-Cold Solid Tumors

DOVER, Del. and EPALINGES, Switzerland, April 15, 2025 /PRNewswire/ — Pilatus Biosciences, pioneering biologics targeting metabolic checkpoints, will present new research on its lead candidate, PLT012, at the American Association for Cancer Research (AACR) 2025 Annual Meeting. The presentations will include an oral symposium by co-founder and Chair of the Scientific Advisory Board (SAB), Prof. Ping-Chih Ho, and a poster session by Lead Scientist, Dr. Yi-Ru Yu. These efforts highlight PLT012’s potential as a novel therapeutic approach for immune-cold solid tumors. PLT012 is currently in late-stage preclinical development and progressing toward its first-in-human clinical trial.

PLT012 – CD36 blocking antibody leading to tumor microenvironment (TME) reprogramming
PLT012 – CD36 blocking antibody leading to tumor microenvironment (TME) reprogramming

Event Participation and Presentations

Pilatus Biosciences will participate at the AACR 2025 Annual Meeting, held April 27-30, 2025, with the following presentations:

  • Oral presentation: Prof. Ping-Chih Ho, co-founder and Chair of the SAB, will present during the Major Symposium SY21 – Immunometabolism and Metabolic Fitness in Tumors. The talk, titled “Reprogramming the Tumor Microenvironment with a Single Punch Our Journey from Bench to Bedside”, is scheduled for April 28, 2025, at 1:15 PM.
  • Poster presentation: Dr. Yi-Ru Yu, Lead Scientist, will present Abstract #6077 in Section 37, on April 29, 2025, from 2:00 PM to 5:00 PM. The poster will detail PLT012’s efficacy in addressing unmet needs in immune-cold solid tumors.

CEO Statement

“We are pleased to present our latest research at AACR 2025,” said Dr. Raven Lin, CEO of Pilatus Biosciences. “PLT012 reflects a differentiated approach—one that reawakens the immune system by targeting metabolic pathways, with the goal of extending the power of immunotherapy to patients who currently don’t benefit from it.”

“PLT012 has earned FDA Orphan Drug Designation for liver and intrahepatic bile duct cancers. Its ability to reprogram the tumor microenvironment has led us to explore synergistic combinations, including bispecific antibodies (BsAb) and antibody-drug conjugates (ADCs), in preclinical studies across various solid tumor models, addressing critical unmet needs in oncology.”

About PLT012

PLT012, is a humanized anti-CD36 antibody with a dual mechanism of action (MOA). It simultaneously inhibits immunosuppressive cell populations and enhances effector T cell function. Preclinical studies as a monotherapy have demonstrated its efficacy in both immune-hot and immune-cold tumor models, with a significant increase in GzmB-expressing CD8+ T cells and reductions in intratumoral Tregs and pro-tumorigenic macrophages. Additionally, PLT012 reshapes the exhaustion profile of cytotoxic CD8+ T cells by expanding both progenitor exhausted (Texprog) and terminally-exhausted (Texterm) populations with rejuvenated effector functions, leading to enhanced tumoricidal immunity. These findings suggest that PLT012, functioning as a metabolic regulator, may provide therapeutic benefits in cancer treatment, either as a monotherapy or in combination with immune checkpoint inhibitors such as PD-1 or PD-L1 inhibitors. Other than oncology, the unique MOA as a metabolic regulator also shows the potential of reprogramming the metabolic environment with associated benefits, e.g. liver functional improvement, thus laying the groundwork for targeting a broader spectrum of metabolic and immunological diseases.

About Pilatus Biosciences

Pilatus Biosciences, a U.S./Swiss-based preclinical stage biotechnology company founded in 2022 with origins at the Ludwig Institute for Cancer Research (Lausanne). The company develops first-in-class biologics targeting metabolic checkpoints to reprogram the tumor microenvironment. Supported by the Cancer Research Institute (New York), Pilatus collaborates with leading global cancer research institutions and hospitals. In 2024, the company expanded its R&D capabilities with a new lab in Taiwan, focusing on early clinical development and biomarker discovery. Pilatus operates with a lean international team and strategic external partnerships to deliver innovative therapies efficiently. For more information, visit www.pilatusbio.com.

Investors and Media
info@pilatusbio.com

Autohome Inc. Files Its Annual Report on Form 20-F

BEIJING, April 15, 2025 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the United States Securities and Exchange Commission (the “SEC”) on April 15, 2025. The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements, can be accessed on the SEC’s website at https://www.sec.gov as well as through the Company’s investor relations website at https://ir.autohome.com.cn.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Autohome Inc., 18th Floor Tower B, CEC Plaza, 3 Dan Ling Street, Haidian District, Beijing, People’s Republic of China.

The Company has also published the same annual report today for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKEX”), which can be accessed on the Company’s investor relations website at https://ir.autohome.com.cn as well as the HKEX’s website at http://www.hkexnews.hk.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

For investor and media inquiries, please contact:

Autohome Inc.

Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn

MEXC Sees 170% Surge in Trading Volume Amid Zero-Fee Campaign

VICTORIA, Seychelles, April 15, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has reported a notable increase in trading activity following the launch of its Zero-Fee Trading Campaign in the first quarter of 2025. The program aimed to remove fees from particular futures trading pairs while simultaneously boosting user interaction and substantial growth throughout essential platform metrics.

MEXC Sees 170% Surge in Trading Volume Amid Zero-Fee Campaign
MEXC Sees 170% Surge in Trading Volume Amid Zero-Fee Campaign

During the first three months of the year, the platform witnessed an increase of 17.8% in monthly active traders and a 170.2% surge in trading volume, driven by the introduction of popular trading pairs such as SOL/USDT, HYPE/USDT, and S/USDT. These listings matched user preferences and overall market trends, reinforcing MEXC’s position as a leader in both exchange performance and liquidity depth.

Top Performing Pairs: SOL/USDT and ADA/USDT

The campaign’s most active trading pairs included SOL/USDT together with DOGE/USDT, ADA/USDT, TRUMPOFFICIAL/USDT and SUI/USDT.

SOL/USDT achieved the highest trading volume increase of 185.62%, comprising 19% of total futures trading volume and becoming the leading pair of the quarter. ADA/USDT showed outstanding growth through a 369.44% increase in trading volume accompanied by a 393.05% increase in daily average share, highlighting the effectiveness of zero fees in boosting interest for promising assets.


Market Share Growth: Dominance in Key Trading Pairs

In terms of market share growth, AIXBT/USDT led the rankings with a 331% increase, followed by DOGE/USDT (+283%) and SOL/USDT (+209%). Notably, DOGE/USDT and SOL/USDT achieved the highest market share in their categories on CoinMarketCap, at 30.5% and 30.3%, respectively. ADA/USDT followed with a 20.6% share, securing second place in its category, while HYPE/USDT posted a 165% increase in market share.

  • AIXBT/USDT (+331%)
  • DOGE/USDT (+283%)
  • SOL/USDT (+209%)
  • ADA/USDT (+186%)
  • HYPE/USDT (+165%)


A Breakthrough in Campaign Performance and Exchange Leadership

During Q1 2025, the Zero Trading Fee Campaign established MEXC as a leading force behind market volume and activity for both well-known and up-and-coming tokens. MEXC achieved wider trader participation and increased liquidity by eliminating fees on popular trading pairs.

The campaign’s success is attributed to precise timing, well-chosen trading pairs, and a clear, simplified fee structure — rather than external incentives or large-scale marketing. These results suggest that subtle adjustments to cost structures can have an outsized impact on user engagement and trading dynamics.

MEXC continues to evaluate the results of the initiative and explore further opportunities to enhance user experience in the upcoming quarters.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

For more information, visit: MEXC WebsiteXTelegramHow to Sign Up on MEXC

Bosch partners with X-Motors and CATL to Open the First Bosch Car Service Flagship Store in Indonesia

Innovative Collaboration Model Empowers Chinese Automakers for High-Quality Global Expansion

SHANGHAI, April 15, 2025 /PRNewswire/ — Bosch, a leading global supplier of technology and services, signed a master license agreement for Bosch Car Service in Indonesia with X-Motors, a service provider that enables accelerated globalization for leading automakers. This agreement marks a new stage in the cooperation between X-Motors and Bosch Car Service in the automotive aftermarket and provides strong support for leading automakers expanding into overseas markets. This partnership not only helps drive Indonesia’s automotive industry towards greater specialization, standardization, and intelligence but also enhances the overall quality of the country’s automotive service industry. Additionally, it introduces a new business model for other Chinese companies expanding into Southeast Asia.


Bosch Mobility Aftermarket enjoys a high level of market recognition worldwide due to its one-stop solution, combining “Parts, Diagnostics, and Workshop Services”. With X-Motors securing Bosch Car Service’s exclusive franchise rights in Indonesia, X-Motors will leverage its brand influence, advanced technology, and comprehensive after-sales system to establish a premier automotive aftermarket service network in the Indonesian market.

Strengthening Collaboration for Service Upgrades

Earlier, on 18 February 2025, Indonesia’s first Bosch Car Service flagship store opened in Jakarta, jointly launched by both parties. Spanning 4,000 square meters, this flagship store represents a significant strategic move for Bosch Car Service in Indonesia, offering a comprehensive service solution covering everything from vehicle purchase to after-sales maintenance for the passenger car market. In the future, both parties plan to open 120 Bosch Car Service stores across Indonesia, providing one-stop, integrated aftermarket services for mid-to-high-end vehicles. Through this innovative business model, they aim to empower Chinese automakers with new strategies for overseas expansion and offer broader service capabilities. It also marks a key step in X-Motors’ deepening presence in Indonesia.


At the grand opening ceremony, Mr. Zhu Lin, Managing Partner and CEO of Boyuan Capital, the lead investor in X-Motors’ first funding round, delivered a speech. He stated, “This milestone event holds great significance. As the only market-oriented investment platform within the Bosch Group that seeks external financing, we are honored to collaborate with Bosch Car Service and CATL on this important project.”

The newly opened Bosch Car Service flagship store in Jakarta houses both a workshop and an automobile sales service shop. The facility provides a full range of solutions for passenger vehicles, from sales to maintenance and repair services. The workshop has more than 20 workstations, offering professional services such as car detailing, mechanical repairs, and sheet metal spraying and painting to meet the growing demand for premium automotive after-sales services in Indonesia. Meanwhile, the Jakarta flagship store features a dedicated Contemporary Amperex Technology Co., Limited (CATL) zone for new energy vehicles, which offers maintenance and repair services for power batteries. This innovative initiative not only supports the development of Indonesia’s new energy vehicle industry but also lays the foundation for X-Motors’ future business expansion.

Mr. Zhu further emphasized, “The opening of this new store not only provides customers with a brand-new service facility but also serves as a key driver for progress in Indonesia’s automotive industry. This launch will lay a solid foundation for deeper collaboration in the future, fostering the positive development of Bosch, X-Motors, and Indonesia’s automotive ecosystem. Boyuan Capital will continue to be a strong supporter, helping drive the automotive industry in Indonesia and globally toward a brighter and more innovative future. We look forward to the future expansion and innovation of Bosch Car Service.”

Embracing Industry Transformation and Expanding Global Markets

In recent years, as the global automotive industry undergoes transformation, the demand for high-quality aftermarket services has been rising in international markets. Boyuan Capital has consistently focused on the development of the global smart mobility industry, actively investing in sectors such as new energy vehicles, intelligent driving, and automotive services. The firm remains optimistic about the globalization of the smart mobility sector and will continue supporting outstanding enterprises like X-Motors to drive technological innovation and business model transformation. It is committed to providing capital and resource support for the internationalization of Chinese automakers.

X-Motors’ successful expansion in the Indonesian market is a strategic example of Boyuan Capital’s role in helping Chinese brands go global. This collaboration with Bosch Car Service will further deepen X-Motors’ presence in Southeast Asia and solidify its position as a leading automotive service brand in the region. At the same time, this partnership offers valuable insights for Chinese automakers looking to establish a comprehensive after-sales service network overseas, pioneering new pathways for the industry’s global development.

Looking ahead, Boyuan Capital will continue leveraging its strengths to support more Chinese enterprises in expanding their global presence and advancing the smart mobility industry to a higher-quality stage of development.