Chinese markets are rallying as the country’s economy demonstrates signs of improvement. While the latest data offers some optimism, significant hurdles persist. Octa Broker analyses the situation and discusses the potential implications for the People’s Bank of China’s upcoming interest rate decision.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 October 2024 – China has just released a slew of macroeconomic statistics. Although it generally looks better than previously, the major risks and challenges remain in place. However, the market’s reaction has generally been positive so far. Overall, it is good news for the Asian economies, but the trend is not guaranteed to continue.

The importance
China is the world’s economic powerhouse. Depending on the calculation methodology used, it is either the world’s first or second-largest economy. In 2023, its Gross Domestic Product (GDP) almost reached the $25 trillion mark, underscoring its importance as a major export and import market for the world in general and the Asian nations in particular. Indeed, according to the Wilson Center, a U.S. think-tank, China is a top trading partner to over 120 countries. For example, in 2022, almost a quarter (22.6%) of all Indonesian exports went to China, while Malaysia directed some 14% of its goods and services to the country. The dependence is even more pronounced when it comes to imports, with Indonesia and Malaysia relying on China for 28.5% and 21.3% of their imports, respectively. These figures highlight the strong economic influence China has on the regional economies.

Equally, because China is also a major importer of pretty much every commodity in the world, its economic health and the growth rate of its aggregate demand can have a substantial impact on prices, especially that of crude oil.

Key insights
China’s economy accelerated in the third quarter (Q3), data showed on Friday, with GDP expanding by 0.9% quarter-on-quarter (q-o-q) from 0.7% in Q2, but the year-on-year (y-o-y) growth rate slowed to 4.6% from 4.7% in Q2. On a year-to-date (y-t-d) basis, GDP expanded by 4.8%, still below the government’s official target of 5%. Generally, the data slightly missed the 1.0% q-o-q growth rate expected by the market, but there were still positive indicators within the data set. Retail sales increased by 3.1.% y-o-y in September, up from 2.1% in August, the unemployment rate fell to 5.1% (from 5.3%), while industrial output grew 5.4%, beating expectations for a 4.5% rise.

‘Among all the monthly figures released today, the highlight is a surge in industrial output, much better-than-expected retail sales and a drop in unemployment. The data clearly indicates that perhaps the government’s stimulus measures are beginning to work,’ said Kar Yong Ang, a financial market analyst at Octa Broker. Indeed, weak domestic demand induced by rising unemployment and a property crisis was the main reason why the People’s Bank of China (PBoC) cut its benchmark lending rates last July. The latest positive developments might offer some hope to policymakers as they work to revitalise the faltering economy in the closing months of the year.

Still, the economy needs to accelerate further if it is to reach the government’s official growth target of 5% in 2024. ‘Today’s reports were slightly better than the previous set of data released in July, but they do not indicate a significant turnaround in the economy. The risks are still present, the major one being deflation and the uncertainty surrounding the U.S. elections,’ said Kar Yong Ang. Indeed, China’s exports and imports both slowed significantly in September, indicating that Chinese manufacturers may be reducing prices to clear inventory in anticipation of new tariffs imposed by various trading partners, not least by the United States (especially if Donald Trump becomes president). Furthermore, deflation is further fueled by an unbalanced economy, with domestic consumption falling behind industrial output. This might prompt the PBoC to implement additional interest rate cuts on Monday.

Market reactions to the latest data
Chinese markets have reacted quite favourably to the latest economic data, with the CSI 3000 Index up more than 5.5% and the Shanghai Composite Index rising by more than 4%. Meanwhile, Chinese offshore yuan strengthened to 7.12, although the short-term trend in USDCNH remains bullish. As for the Asian currencies, the Malaysian ringgit (MYR) was relatively flat, while the Indonesian Rupiah (IDR) continued to appreciate, with USDIDR falling below 15,500. ‘In case, PBoC treats the latest economic data as not good enough to pause its monetary easing campaign, ringgit and rupiah may continue to appreciate but only slightly as the main driving force for them still is the U.S. monetary policy and the upcoming U.S. elections,’ said Kar Yong Ang, a financial market analyst at Octa Broker.Hashtag: #Octa

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Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

London, United Kingdom – Newsfile Corp. – October 18, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) is pleased to invite investors to a webinar on October 24, 2024, at 4:15 p.m. ET.

The exclusive event, hosted by RedChip Companies, will feature Gorilla Technology’s Chairman and CEO, Jay Chandan, recently appointed interim-CFO Bruce Bower, who brings extensive experience in finance and strategy for tech startups, and John Roy, PhD, Managing Director of Water Tower Research, a former lead analyst at UBS and Merrill Lynch with over 20 years of experience covering technology stocks.

Attendees will gain insight into the Company’s position as a leader in delivering transformative, AI-powered solutions that drive large-scale digital transformation for smart and safe cities.

Gorilla Technology’s recent accomplishments have significantly bolstered its financial position, with cash reserves exceeding $40 million and total assets surpassing $60 million. This financial strength, combined with a strategic focus on expanding into high-growth markets across Europe, APAC, and MENA, positions the company for sustained revenue growth and profitability. Backed by award-winning solutions and a leadership team with deep global expertise, Gorilla Technology continues to enhance its competitive advantage in the industry. A live question and answer session will follow the presentation by Jay Chandan, Bruce Bower, and John Roy.

To register for the free webinar, please visit:
https://redchip.zoom.us/webinar/register/WN_kAkNs4RKTmiLn-acjbIVcw#/registration

Questions can be pre-submitted to GRRR@redchip.com or online during the live event.

About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements
This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Gorilla does not undertake any obligation to update any forward-looking statements, except as required by law.

Contact:
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

LOS ANGELES/DNA, UNITED STATES – Newsaktuell – 18 October 2024 – With less than three weeks to go until the November 5 presidential election, a new analysis warns that declining democratic accountability in the US means the power of American people’s voice will be diminished.

The report, titled “Democratic Distortions and a Struggling State: The United States on the Eve of the 2024 Presidential Election“, highlights critical governance challenges that threaten the efficacy of the US political system.

According to the researchers from the Luskin School of Public Affairs at the University of California Los Angeles (UCLA), the Los Angeles-based Berggruen Institute and the Hertie School, a university in Berlin, Germany, both democratic accountability and state capacity have sharply declined in the US since 2015, particularly in key swing states.

Democratic accountability, which encompasses electoral, social, and institutional accountability, has decreased significantly, the report concludes. For example, electoral accountability scores dropped from 92 points (out of 100) in 2015 to 82 points in 2021.

“Declining democratic accountability means that the power of the American people’s voice will be diminished – both in terms of electoral voice and the power of social institutions to check elected officials once in office”, the authors behind the new Berggruen Governance Index (BGI) report conclude, adding that a second Trump presidency would pose major challenges for the already flagging electoral system.

Even more dramatic declines in democratic norms were observed at state level, with “critical consequences for electoral integrity”. Many of the important swing states such as North Carolina, Wisconsin, Pennsylvania, or Georgia have seen large drops, the report says.

North Carolina was singled out as one stark example. The state has seen the biggest drop in democratic norms of any swing state, declining from near 100 in the mid-2000s to less than 25 in 2018. “This drop, and those in many other states, occurs in the context of well-documented crackdowns on voting rights that reached an ‘unprecedented’ level in 2023”, the authors write.

Voter turnout, a crucial metric of engagement, lags behind other advanced democracies, raising concerns about public involvement in decision-making. It stood at 66 per cent in 2020, trailing most Western European countries where elections were held between 2018 and 2022.

The report also notes what it calls “another widespread problem in the U.S. electoral system – the outsized role of money in politics”, adding that the trend is exacerbated by landmark US Supreme Court decisions that have removed limits on electoral spending. This dynamic, the researchers conclude, has led to a political landscape in which the voices of average citizens are increasingly being marginalized.

According to the report, the provision of public goods in the US has seen a slight increase; however, it is still below levels found in many peer nations. High public spending on healthcare has not translated into improved outcomes, raising questions about sustainability amid rising public debt. Both presidential candidates are expected to expand the deficit, with potential implications for long-term public goods provision.

Regarding state capacity, the report finds a broad and steady erosion since 2000, occurring across the sectors of fiscal capacity, coordination capacity and delivery capacity. Weakened state capacity negatively affects the US government’s ability to respond to crises or natural disasters. This can lead to popular anger and increasing frustration with government efficacy, the report argues.

If the Democratic presidential candidate Kamala Harris won on November 5, the researchers believe that she would likely continue some of President Joe Biden’s current policies and investments, in turn possibly reversing declines in state capacity. On the other hand, Republican candidate Donald Trump is more likely in the opinion of the researchers to apply drastic cuts to the US administrative state.

Overall, the findings highlight critical governance challenges that have developed over time, impacting democratic accountability, state capacity, and public goods provision in the US. These challenges will persist regardless of the election outcome, the researchers say.

A Democratic Party-led administration may address these issues better than one led by Donald Trump, but “both scenarios face significant obstacles”, the report concludes.

“While the balance across all three dimensions suggests that a Harris administration may be to the long-term benefit of US governance, many of the factors we identified as shaping the preexisting dynamics of US politics could limit the likelihood of this outcome”, the report says.

—————————-

This text and the accompanying material (photos and graphics) is an offer from the Democracy News Alliance, a close co-operation between Agence France-Presse (AFP, France), Agenzia Nazionale Stampa Associata (ANSA, Italy), The Canadian Press (CP, Canada), Deutsche Presse-Agentur (dpa, Germany) and PA Media (PA, UK). All recipients can use this material without the need for a separate subscription agreement with one or more of the participating agencies. This includes the recipient’s right to publish the material in own products.

The DNA content is an independent journalistic service that operates separately from the other services of the participating agencies. It is produced by editorial units that are not involved in the production of the agencies’ main news services. Nevertheless, the editorial standards of the agencies and their assurance of completely independent, impartial and unbiased reporting also apply here.

Further coverage by the Democracy News Alliance can be found in the DNA digital newsroom at https://www.presseportal.de/en/nr/174021

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

Many industry experts see crypto as having the potential to shape the future of finance, and this year, Bitcoin’s all-time high reflected this sentiment. For traders looking to explore crypto markets, Octa, a globally recognised financial broker, offers valuable tips and insights to help beginners approach trading digital assets effectively.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 October 2024 – These days, many traders in Southeast Asia look for cryptocurrencies as a high-value opportunity to diversify their portfolio. While some buy and sell crypto directly via dedicated crypto exchanges, others prefer trading contracts for difference (CFDs) on cryptocurrencies with Forex brokers. The latter approach allows traders to bypass all transactional and security difficulties associated with owning digital assets while tapping into crypto’s volatility and profit potential.

The difference between brokers and crypto exchanges
Crypto exchanges and brokerages operate differently in the trading landscape. The exchanges act as matchmakers and facilitate transactions between buyers and sellers to and from crypto and fiat currencies.

On the other hand, brokerages directly engage with clients and offer them guaranteed trade fulfilment and higher liquidity. They provide a broader range of financial instruments for trading, including contracts for differences on cryptocurrencies, fiat currency pairs, indices, and more.

When trading via a cryptocurrency exchange, the buyer becomes the owner of the digital asset once the trade is complete and stores it using an e-wallet. Conversely, trading USD/cryptocurrency pairs with a broker doesn’t involve the physical ownership of digital assets. Instead, traders deal with derivatives, such as CFDs, and speculate on the price movement of a cryptocurrency against the USD without owning the cryptocurrency itself.

The choice of a platform
Forex brokers often offer much higher leverage options than crypto exchanges, creating ample opportunity for profits. However, these opportunities come with a higher risk, meaning financial knowledge acquisition and continuous learning become even more critical as the primary source of progress towards financial goals.

Brokers also offer traders a larger pool of order options, including limit orders, stop-loss and take-profit orders, and more. This extensive arsenal helps traders use market fluctuations to their advantage and fine-tune their charts according to their preferences.

For those interested in profiting from the dynamically evolving crypto trading landscape, Octa, a global broker with extensive market experience, offers 34 CFDs on popular cryptocurrencies. This portfolio of digital assets allows traders to tap into crypto’s potential without burdening themselves with e-wallets and other dedicated tools that can compromise the security of their funds and personal data.

While many inexperienced traders start trading crypto on dedicated exchanges, opting for a broker with a more comprehensive range of assets may provide some advantages. In particular, brokers can offer a seamless and more secure experience within a single trading platform, higher leverage, and more portfolio diversification options.
Hashtag: #Octa

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

Octa

HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – Promoting high-quality development and expanding Hong Kong’s capacity for economic growth are core elements of the 2024 Policy Address, announced (October 16) by John Lee, Chief Executive of the Hong Kong Special Administrative Region.

“Hong Kong is striving to become an international innovation and technology (I&T) centre by promoting the upgrading and transformation of traditional industries while actively nurturing emerging ones,” Mr Lee said. “We will spare no effort in developing new quality productive forces tailored to local conditions.”

Mr Lee said the Government would establish the third InnoHK research cluster, which will focus on advanced manufacturing, materials, energy and sustainable development. In particular, the Government will set up a research centre under the InnoHK research cluster to participate in the Chang’E-8 space mission, contributing to national aerospace development. Moreover, a new round of Research Matching Grant Scheme funding totalling HK$1.5 billion will also be launched to attract more organisations to support research endeavours of institutions.

The Chief Executive also revealed a number of measures that the Government would adopt to revamp its approach to boosting capital investment in I&T industries. These include setting up a HK$10 billion I&T Industry‑Oriented Fund, forming a fund-of-funds to channel more market capital to invest in specified emerging and future industries of strategic importance; and optimising the Innovation and Technology Venture Fund by redeploying HK$1.5 billion to set up funds jointly with the market to invest in start‑ups of strategic industries.

The Government will also launch an I&T Accelerator Pilot Scheme, with a funding allocation of HK$180 million, to attract professional start-up service providers to set up accelerator bases in Hong Kong, fostering the robust growth of start-ups.

Meanwhile, the Government will establish the Working Group on Developing Low‑altitude Economy, to explore the emerging potential of economic activities in airspace below 1,000 metres.

“We will press ahead with pilot projects and designate venues to explore deploying drones for delivery, surveys, building maintenance, aerial photography, performances, search and rescue, and other possibilities,” Mr Lee said.

On new energy, the Government will earmark around HK$750 million under the New Energy Transport Fund to subsidise the taxi trade and franchised bus companies to purchase electric vehicles, and launch the Subsidy Scheme for Trials of Hydrogen Fuel Cell Electric Heavy Vehicles.

To foster new quality productive forces in biomedical technology, the Government will complement technological innovation with institutional innovation, developing Hong Kong into an international health and medical innovation hub.

Initiatives include expediting reform of the approval mechanism for drugs and medical devices, including extending the “1+” mechanism to all new drugs for use in Hong Kong. Under the new “1+” drugs registration mechanism, applications for registration of new drugs that are supported with local clinical data are only required to submit approval from one reference drug regulatory authority (instead of two originally).

“Education nurtures our future, technology denotes our strength, and talents lead our development,” Mr Lee said, adding that the Government will set up a Committee on Education, Technology and Talents to co-ordinate and drive the integrated development of education, technology and talents.

The Chief Executive also announced reforming various talent admission mechanisms, including expanding to 198 the number of universities under the Top Talent Pass Scheme list, and extending the validity period of the first visa of high-income talents from two to three years. He supplemented that the Government would extend the pilot arrangement, for two years, for graduates from the Greater Bay Area campuses of Hong Kong universities to work in Hong Kong.

To expand capacity and inject impetus into Hong Kong’s high-quality development, Mr Lee said the Government would take forward development of the Northern Metropolis as a new engine for economic development.

He added that a Government-led company would be established to formulate development and operation strategies for building a pilot industrial park.

To expedite development of the Northern Metropolis, the Government will adopt, on a pilot basis, a large‑scale land‑disposal approach, under which sizable land parcels with commercial value and earmarked for provision of community facilities will be selected and granted to successful bidders for collective development.

“I believe that we must maintain our development momentum and self‑renewal, and that we must embrace changes while staying principled, innovative and flexible in meeting challenges and opportunities,” Mr Lee said.

More information about the Policy Address is available from www.policyaddress.gov.hk.
Hashtag: #hongkong #brandhongkong #policyaddress

https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong

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

• Online shoppers in the region expect to have more flexible and convenient delivery options, with a preference for home delivery
• Survey respondents claim quicker delivery times and real-time tracking tend to improve their online shopping experience
• Fear of fraud is a barrier of cross-border online purchase

SINGAPORE – Media OutReach Newswire – 18 October 2024 – Asia Pacific online shoppers are prioritizing flexible delivery options and free returns when making cross-border purchases, according to key insights from the global DHL eCommerce 2024 Online Shopper Trends Report. The two chapters – “Cross-border buying” and “Delivery and returns” – share that the region’s shoppers continue to buy online from overseas, and expect next-day delivery and the ability to track their parcels in real-time. However, survey respondents also cite fear of online fraud despite the enthusiasm in cross-border e-commerce.

Pablo Ciano, CEO of DHL eCommerce said, “Asia Pacific consumers are driving demand for cross-border shopping like never before. This means that there is a tremendous opportunity for businesses to grow internationally if they sell and engage effectively. Specifically, with the rise of on-demand business models influencing today’s digital shoppers, ‘speed’ and ‘choice’ are everything. By addressing key consumer concerns such as transparent delivery times, flexible returns, and fear of fraud, retailers can capture the growing market.”

Growing expectations around delivery times and real-time tracking

As the online shopping landscape continues to evolve with the rise in social commerce, online consumers today do not lack options and seek more control over their purchases. They want to have multiple delivery options and the ability to track their parcels in real-time.

More than two in three online shoppers in Asia Pacific agree that next-day delivery is important to them, with 74% in Thailand and 72% in India saying so. When it comes to delivery preferences, nine in 10 shoppers in India (89%), Malaysia (89%), and Thailand (94%) favor home delivery, reflecting a strong preference for convenience. However, the demand for alternative delivery options is also rising, especially when the item is already out for delivery. Most online purchasers claim it is important to have the option of re-directing their parcel to a safe place, neighbor, parcel locker, pick-up point or changing the delivery day as it enhances flexibility and convenience.

Additionally, 86% of consumers in Asia Pacific expect end-to-end tracking on international orders, underscoring the need for real-time visibility and control in the delivery process. In fact, survey respondents from the region rate “quick delivery time” and “real-time tracking” as the top two factors key to improving their delivery experience.

Free returns to serve as a competitive edge

The Asia Pacific reverse logistics market size is predicted to be worth around USD 1,970 billion by 2033, at a CAGR of 13.3% from 2024 to 2033, indicating a need to equally prioritize and enhance the returns experience for customers.

The report notes that free returns are increasingly influencing Asia Pacific shoppers when deciding where to buy, as 43% of consumers in the region will only shop with retailers that offer free return options. India also tops the global chart for saying that free returns is the most important with 67% stating that they will only buy from online shops that provide free returns.

On top of that, 67% of Asia Pacific online shoppers prefer that a return label is included in their parcel if they need to return an item. Thai and Indian shoppers, in particular, have a high expectation of this as 71% and 70% of them claim so.

To stay ahead of the competition in a fast-changing cross-border e-commerce space, businesses must have flexible and cost-effective return policies if they want to build customer loyalty and encourage repeat purchases.

Huge opportunity in international online shopping but fear of fraud needs to be addressed

Digital payments are enabling online consumers to enjoy more seamless cross-border shopping experience. For businesses in the region, this presents a clear opportunity to expand into global markets by offering the products and services that international consumers are actively seeking.

Across the Asia-Pacific region, close to four in five (76%) buy from online shops based in other countries at least once a month, and 30% do so at least once a week. India leads the world in cross-border purchases, with 38% of Indian shoppers making international purchases at least once a week. This trend is echoed across Malaysia (80%), Thailand (80%), China (75%), and Australia (75%), where a significant number of consumers also buy from overseas at least once a month. This frequency is expected to escalate with 37% of the respondents indicating that they will buy more online from non-local shops in the next 12 months.

However, the report findings also reveal that to capture this demand, businesses need to prioritize security, and transparency to reassure customers. Despite the enthusiasm for cross-border shopping, fear of fraud remains a barrier for at least one in two Asia Pacific shoppers. Malaysians are the most concerned about fraud risks, which includes worries around the authenticity of sellers and the security of transactions.

These deter consumers from making more international purchases. To overcome these obstacles, businesses must prioritize secure payment systems, transparent shipping information, and reliable delivery processes to build trust and encourage repeat purchases.

With an abundance of options online internationally, businesses and e-tailers must be able to recognize what online shoppers value most, as it can make or break a sale. As this region continues to lead global e-commerce growth, businesses will need to enhance their online presence, refine the delivery experience to expand their reach and build trust with customers both domestically and abroad.

The DHL eCommerce 2024 Online Shopper Trends Report aims to arm e-commerce businesses targeting the fast-growing Asia-Pacific market with insights on the region’s online shopping behavior and preferences. Survey respondents come from markets including Australia, China, India, Malaysia, and Thailand.
Hashtag: #DHLeCommerce #onlineshopping #ecommerce #consumertrends

https://group.dhl.com/en.html
https://www.linkedin.com/company/dhlecommerce/

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DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries, including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group, which generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group positively contributes to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

GUANGZHOU, CHINA – Media OutReach Newswire – 18 October 2024 – The 136th Canton Fair opened with great fanfare in Guangzhou, China. In this Canton Fair, Jinpeng Group is one of the leading enterprises of light green travel products in China. Under the general trend of “going to sea” of China’s new energy vehicles, it has also brought more than ten new energy products. The company also secured strategic agreements with key clients on-site, generating substantial interest and engagement.

10 Models Across All Categories Launched
Since early 2020, Jinpeng has expanded its brand overseas, conducting thorough market research in products, R&D, manufacturing, and branding. This strategy has realigned its product lineup and earned widespread recognition from global clients.

At the Canton Fair, Jinpeng unveiled more than 10 models across three categories—electric two-wheelers, three-wheelers, and E-bikes—tailored to global consumer demand. The lineup includes high-speed, functional, and electric motorcycles, as well as daily commuting options, urban, mountain, and the new photovoltaic energy storage tricycle, attracting a peak of client consultations on the first day.

Under the general trend of “going to sea” of China’s new energy vehicles, it has also brought more than ten new energy products, including the newly launched photovoltaic energy storage travel product HY with a top speed of 40 km/h. This product can directly solve the travel problems of power facilities imperfect and long sunshine time country “last kilometer”.

Jinpeng has launched a number of new energy vehicles for the European and American markets. For instance, the BOX-R has won the favor of many customers with its adjustable saddle, 101 km/h top speed, and wide tires and suspension system suitable for various terrains. At the same time, it is also the first product, launched for “right rudder” countries to meet the needs of users in more countries.

It is worth mentioning that on the day of the launch, Jinpeng Group reached a cooperation with a customer from Nepal and signed 48 orders for new energy vehicles on the spot, which was upgraded from “signing the bill after the exhibition” to “spot signing” compared with the previous session. Demonstrating the strength and recognition of the Jinpeng brand in its international expansion.

Full-speed Brand Expansion Overseas
Latest data reveals that in the first eight months of this year, China’s total goods import and export value reached 28.58 trillion yuan, marking a 6% year-on-year increase. This strong global market recovery provides a solid foundation for Jinpeng’s international brand expansion.

Jinpeng has actively promoted electric mobility projects in global markets since 2020, earning a strong international reputation and a foundation of trust. Since 2020, Jinpeng’s overseas division has actively executed the group’s brand expansion strategy, establishing many marketing centers globally.

So far, the products have been exported to more than 50 countries. Jinpeng Electric Vehicle has accumulated global sales of over 15 million vehicles, and is also the only enterprise in the industry with annual sales exceeding 1 million vehicles. This capability ensures high-quality delivery, timely supplies, and strong operational support for customers worldwide.

In tandem with its R&D and manufacturing system, Jinpeng has also developed a comprehensive channel construction system. In the first half of this year, Jinpeng actively opened brand stores worldwide, particularly in Romagna and other neighboring countries.

Jinpeng’s brand expansion strategy leverages exhibition marketing to create valuable opportunities for acquiring customer insights and exploring new channels. At the Canton Fair, numerous prospective and existing clients visited the booth for in-depth discussions on channel development and product marketing.

Jinpeng Group will make good use of its manufacturing advantages to showcase its latest technologies following the Canton Fair to strengthen its presence in the international market. This initiative aims to enhance brand development and market expansion as Jinpeng pursues becoming the global leader in light green transportation.

https://www.jinpeng-global.com/
Hashtag: #JinpengGroup

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