29.3 C
Vientiane
Friday, August 15, 2025
spot_img
Home Blog Page 751

Autoliv: Financial Report January – March 2025

STOCKHOLM, April 16, 2025 /PRNewswire/ — (NYSE: ALV) (SSE: ALIV.sdb)

Q1 2025: Good sales and execution of cost reduction programs

Financial highlights Q1 2025

$2,578 million net sales 
1.4% net sales decrease
2.2% organic sales growth*
9.9% operating margin
9.9% adjusted operating margin*
$2.14 diluted EPS, 41% increase
$2.15 adjusted diluted EPS*, 37% increase

Full year 2025 guidance

Around 2% organic sales growth
Around 3% negative FX effect on net sales
Around 10-10.5% adjusted operating margin
Around $1.2 billion operating cash flow

All change figures in this release compare to the same period of the previous year except when stated otherwise.

Key business developments in the first quarter of 2025

  • First quarter sales increased organically* by 2.2%, which was 2.6pp higher than the global LVP decrease of 0.4% (S&P Global March 2025). A strong LVP in March resulted in a stronger than expected global LVP in the quarter. Regional and customer LVP mix is estimated to have contributed to about 3pp underperformance. Compared to March S&P Global LVP data, we outperformed Europe, Americas and in Asia excl. China, mainly due to product launches and positive pricing. Our sales to domestic Chinese OEMs grew by 19%, in line with their LVP growth. As lower content vehicles in China outgrew higher content vehicles, we underperformed in China overall. We expect that our record number of new launches will significantly improve our relative sales performance in China in 2025.
  • Profitability improved, mainly due to organic sales growth and successful execution of cost reductions. Total headcount decreased by 6%. Impacts from the U.S. tariffs and counter tariffs in Q1 had a negligible impact on operating profit in the quarter as we managed to pass on the costs of tariff increases to our customers. Operating income was $254 million and adjusted operating income* was $255 million. Operating margin and adjusted operating margin* were both 9.9%.ROCE and adjusted ROCE* were both 25.6%.
  • Free operating cash flow* was in line with last year, despite that operating cash flow was slightly lower than last year. A larger working capital build up reflecting higher sales at the end of the quarter was offset by lower capex, net. The leverage ratio* of 1.3x is within our target range. In the quarter, a dividend of $0.70 per share was paid and 0.5 million shares were repurchased and retired.

*For non-U.S. GAAP measures see enclosed reconciliation tables.

Key Figures

(Dollars in millions, except per share data)

Q1 2025

Q1 2024

Change

Net sales

$2,578

$2,615

(1.4) %

Operating income

254

194

31 %

Adjusted operating income1)

255

199

28 %

Operating margin

9.9 %

7.4 %

2.4pp

Adjusted operating margin1)

9.9 %

7.6 %

2.3pp

Earnings per share – diluted

2.14

1.52

41 %

Adjusted earnings per share – diluted1)

2.15

1.58

37 %

Operating cash flow

77

122

(37) %

Return on capital employed2)

25.6 %

19.7 %

5.9pp

Adjusted return on capital employed1,2)

25.6 %

20.2 %

5.4pp

1) Excluding effects from capacity alignments and antitrust related matters. Non-U.S. GAAP measure, see reconciliation table.
2) Annualized operating income and income from equity method investments, relative to average capital employed.

Comments from Mikael Bratt, President & CEO

“I am pleased that we delivered good sales and profitability in the first quarter. Thanks to our adaptability and resilience, driven by our diverse product portfolio and strong customer relationships, we successfully navigated through the first month of North American tariffs. It is encouraging that we, based on LVP data from March, outperformed global LVP despite continued significant headwinds from LVP mix shifts, particularly in China. Based on a record high number of new launches we look forward to a significantly improved sales performance in China in 2025. 

Our strong profitability improvement was a result of well executed operational and commercial efforts. Our structural cost reduction program continued to generate indirect work force reductions, and direct headcount was also reduced significantly although sales grew organically. Results were also supported by reaching Q1 customer compensation agreements for increased costs related to inflation and tariffs. Our continued repurchase of shares also supported a record first quarter EPS. 

After the slow end to 2024, OEM sourcing of safety products for future car models picked up in the first quarter, despite the geopolitical uncertainty.

Our navigation of the new tariff environment in the first quarter gives us confidence that it is possible to continue on that course when facing increasing or changing tariffs, although there is significant uncertainty. We continue to closely monitor and evaluate the situation, focusing on being adaptive and agile, and we consider our regionalized footprint to be a valuable source for flexibility in a challenging geopolitical environment.

The current geopolitical and business environment uncertainties makes it difficult to predict 2025. However, based on the strong first quarter performance and encouraging near term call-off indications, we reiterate our 2025 guidance of an organic sales growth of around 2% and an adjusted operating margin of around 10-10.5%.

Our strong balance sheet and cash conversion set a solid foundation for our commitment to high shareholder returns. I am looking forward to our Capital Markets Day, on June 4, 2025.

Next Report

Autoliv intends to publish the quarterly earnings report for the second quarter of 2025 on Friday, July 18, 2025.

Inquiries: Investors and Analysts

Anders Trapp
Vice President Investor Relations
Tel +46 (0)8 5872 0671

Henrik Kaar
Director Investor Relations
Tel +46 (0)8 5872 0614

Inquiries: Media

Gabriella Etemad
Senior Vice President Communications
Tel +46 (0)70 612 6424

Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on April 16, 2025.

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

https://news.cision.com/autoliv/r/financial-report-january—march-2025,c4136887

The following files are available for download:

 

Gorilla Technology Files Lawsuit to Confront False Allegations and Protect Shareholders


London, United Kingdom – Newsfile Corp. – April 16, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), today filed suit against Culper Research (“Culper”) and its founder, Christian Lamarco, for making false, misleading and defamatory statements in its short report on the Company dated 4 April 2025. Gorilla is seeking compensatory and punitive damages from Culper and Mr. Lamarco. The Company today issued the following statement:

Gorilla Technology has always operated to the highest standards of integrity and professionalism. We will not tolerate false statements that harm our business or mislead our stakeholders. This legal action is a firm statement of our commitment to defend the truth, protect our reputation and ensure that bad actors are held accountable.

Culper’s false and misleading statements have caused significant harm to Gorilla, including artificially depressing the price of Gorilla’s stock and damaging Gorilla’s reputation. The report made baseless and malicious accusations regarding Gorilla’s business, products and strategic partners, in what appears to be a coordinated attempt to mislead the public and manipulate Gorilla’s share price-all for its own profit.

Culper’s report goes beyond any market distortion or disinformation efforts we have observed; it was especially brazen and nefarious. By filing this lawsuit, we are making it clear that Gorilla will not remain silent in the face of defamatory attacks, and we will vigorously defend the credibility of our products, our people and our partners.

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.

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

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

LINKIN PARK TO ROCK THE UEFA CHAMPIONS LEAGUE FINAL KICK OFF SHOW PRESENTED BY PEPSI®

  • Pepsi reveals the iconic global superstars will headline the UCL final’s unmissable annual ‘Kick Off Show’
  • LINKIN PARK has composed and recorded an electrifying new remix which blends their signature sound with the culture of European football
  • The signature track features in a short film to mark the announcement

PURCHASE, New York, April 16, 2025 /PRNewswire/ —

#PepsiKickOffShow

Pepsi® and UC3 are excited to announce that LINKIN PARK will headline the UEFA Champions League Final Kick Off Show presented by Pepsi on May 31st at the Munich Football Arena. Pepsi and UEFA will once again mark the final with its eagerly anticipated curtain raiser, with the event set to be an unforgettable experience just minutes ahead of the match.

 

 

LINKIN PARK recently made a triumphant return to the spotlight with the release of FROM ZERO, their first new music in seven years. The album hit the top of the charts across the globe and features #1 smashes “Heavy Is The Crown” and “The Emptiness Machine,” which surged as the biggest rock song of 2024 with over 250 million streams. Notably, as reported by Billboard, LINKIN PARK was the one-and-only rock band to cross over 2 Billion yearly streams in 2024. The momentum continues this year with their ferocious new single “Up From The Bottom,” taken from their upcoming From Zero (Deluxe Edition), releasing on May 16. Meanwhile, the band continues their massive From Zero World Tour, picking up next in Austin, TX on April 26, winding their way across sold-out stadiums in Europe for the summer, and culminating in South America this fall.

Now, for 2025, LINKIN PARK is taking its brand-new era to new heights, by revealing that they will be taking the stage at this year’s UEFA Champions League Final Kick Off Show presented by Pepsi, with a setlist representing the best of their legacy, past and present.

To announce this iconic collaboration, LINKIN PARK has composed and recorded an electrifying new remix which features in a short film to mark the announcement. The featured track blends the band’s iconic sound with the culture of European football, incorporating the immediately recognisable riffs of their 4X Platinum hit “Numb,” with sounds inspired by UEFA Champions League football – the strike of leather, the whistle of a free kick, the sounds of the most passionate fans in the world. The film goes on to deliver an emotionally charged performance of the new bespoke track, together with high-octane UEFA Champions League football footage, paying homage to the way the UEFA Champions League Final Kick-Off Show presented by Pepsi clashes football and entertainment together to create one night of epic entertainment.

LINKIN PARK commented: “With our new album and ongoing tour, we’ve been overwhelmed by the fans’ energy and excitement. We can’t wait to share that same energy and excitement at the UEFA Champions League Final Kick Off Show presented by Pepsi. This marks a totally new experience for us as a band, and we’re excited to share some of our favourite songs from the past and present, with the thousands in the crowd and millions watching around the world.”

Eric Melis, VP of Global Brand Marketing – Pepsi at PepsiCo, added: “We are proud to announce that one of the most influential rock bands of the 21st century will be headlining this year’s UEFA Champions League Final Kick Off Show presented by Pepsi. This marks our ninth year bringing together millions of viewers from around the world, with LINKIN PARK sure to put on a show like no other, live from the Munich Football Arena in Germany. We’re delighted to be working with a group of artists who live by our ‘Thirsty For More’ philosophy, reflecting the same spirit of innovation and boldness that Pepsi embodies – and we can’t wait to see how fans react to this unmissable show.”

Guy-Laurent Epstein, Co-Managing Director, UC3, said: “This year’s UEFA Champions League Final Kick Off Show presented by Pepsi promises to be a spectacular moment, with one of the world’s most iconic rock bands performing live just minutes before the biggest match in European club football. Together with Pepsi, we’re proud to continue enhancing the fan experience – both in the stadium and for millions watching around the world – with unforgettable entertainment on and off the pitch.”

Once more, Pepsi and UEFA have marked the UEFA Champions League final with a momentous music performance showcasing the world’s most iconic artists and uniting football and music fans through one compelling entertainment spectacle. The UEFA Champions League Final Kick Off Show presented by Pepsi will be aired all around the world and territories globally, just minutes before the stand-out fixture of the club football calendar commences and is the embodiment of Pepsi’s ‘Thirsty For More’ global platform.

Fans can tune in to watch the Kick Off Show via their local broadcaster and through the official UEFA YouTube channel. Fans are encouraged to stay in-the-know by following Pepsi on Instagram, X (formally Twitter), and Facebook.

#PEPSIKICKOFFSHOW

Video – https://www.youtube.com/watch?v=w8PZe0EnNhM

 

LINKIN PARK TO ROCK THE UEFA CHAMPIONS LEAGUE FINAL KICK OFF SHOW PRESENTED BY PEPSI®
LINKIN PARK TO ROCK THE UEFA CHAMPIONS LEAGUE FINAL KICK OFF SHOW PRESENTED BY PEPSI®

 

 

Ethiopian Prime Minister Visits TOYO Facility in Vietnam, Strengthening Strategic Collaboration in Renewable Energy

TOKYO, April 16, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF) (“TOYO” or the “Company”), a solar solution company, was honoured to host His Excellency Abiy Ahmed Ali, Prime Minister of Ethiopia, at its state-of-the-art solar cell production facility in Phu Tho Province on the morning of April 15, 2025. The Prime Minister was accompanied by a high-ranking ministerial delegation and Mr. Nguyen Manh Son, Vice Governor of Phu Tho Province. Representing TOYO’s parent company, Abalance Group, Mr. Lewis Cai, Executive Vice President, warmly welcomed the delegation.

During the visit, Prime Minister Abiy Ahmed toured TOYO’s cutting-edge intelligent solar cell production line and commended the company’s achievements in technological innovation and its extensive global footprint in the photovoltaic sector. The Prime Minister emphasized the critical role of renewable energy in Ethiopia’s energy transition and expressed strong support for accelerating the second-phase expansion of TOYO’s solar cell production facility in Ethiopia.

TOYO is currently expanding its Ethiopian facility in Hawassa from an existing 2 GW capacity to 4 GW. This expansion is poised to meet growing global demand for high-performance solar cells and aligns with Ethiopia’s commitment to sustainable energy development. The project is scheduled for completion by July 2025, with production expected to commence by August 2025.

Prime Minister Abiy Ahmed also extended an invitation to Abalance Group to deepen its involvement in Ethiopia’s renewable energy sector by participating in the development of photovoltaic power plants. This initiative aims to enhance strategic cooperation between Ethiopia and TOYO, foster large-scale adoption of clean energy technologies, and advance Ethiopia’s national green energy goals.

“TOYO remains dedicated to advancing clean energy solutions worldwide by delivering innovative solutions and establishing a robust supply chain that supports renewable energy adoption worldwide. Our partnership with Ethiopia underscores our commitment to sustainability and growth, leveraging advanced research, cutting-edge technology, and industrial expertise,” said Mr. Junsei Ryu, Chairman and CEO of the Company.

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

Japan Go IPO Summit Announces Roster of Expert Speakers for Event June 5th in Tokyo

Kura Sushi Executive to Deliver Keynote Address on Elements of Success for Cross-Border Listings

TOKYO and NEW YORK, April 16, 2025 /PRNewswire/ — The Japan Go IPO Summit, co-hosted by Nasdaq and MarcumAsia, is proud to announce an exceptional lineup of speakers for its 2025 event, which will be held on June 5th at the Grand Hyatt Tokyo.

Keitaro Ishii, Director of Kura Sushi USA, Inc. (NASDAQ: KRUS), will headline the summit with a keynote fireside chat, sharing “The Secrets to Long-Term Success as a U.S. Public Company.” Kura Sushi’s journey from a Japan-based innovator to a thriving U.S.-listed brand provides a blueprint for Japanese companies looking to globalize and access U.S. capital markets.

Also joining the speaker roster is Coincheck Group (NASDAQ: CNCK), one of the most high-profile Japanese tech companies to successfully list in the U.S. via a SPAC merger. Keigo Takegahara, Senior Executive Director & CFO, and Noriko Takase, General Manager of the Corporate Planning Department, will offer an inside view of Coincheck’s journey to NASDAQ, lessons learned through the de-SPAC process, and how the company is building visibility and investor confidence post-listing. Mr. Junsei Ryu, Chairman and CEO of TOYO Co. Ltd. (NASDAQ: TOYO) and Abalance Corporation (TSE: 3856), will share the unique perspective of leading public companies listed on both the Nasdaq and the Tokyo Stock Exchange.

The full-day summit will unite senior executives, investors, and advisors to explore IPO readiness, cross-border strategies, and capital raising in the U.S. public markets. Speakers include leaders from firms that have taken Japanese companies public via traditional IPOs and SPACs and from institutions that support public companies post-listing.

“The interest among Japanese companies in pursuing U.S. listings is stronger than ever, driven by a new wave of leadership focused on global expansion and accessing the unparalleled resources of the U.S. capital markets,” stated Drew Bernstein, Co-Chair of MarcumAsia. “This summit is designed to provide actionable knowledge, drawn from the experiences of those who have had successful listings and the expertise of leading dealmakers and advisors.”

Featured Speakers and Panels

The Japan Go IPO Summit will feature a dynamic lineup of speakers, including:

  • Keitaro Ishii, Director, Kura Sushi (NASDAQ: KRUS) – Keynote Speaker & Fireside Chat: “The Secrets to Long-Term Success as a U.S. Public Company”
  • Keigo Takegahara, Senior Executive Director & CFO, Director of the Corporate Division, Coincheck Group (NASDAQ: CNCK) – SPACs: Advantages and Lessons Learned
  • Junsei Ryu, CEO of TOYO Co. Ltd. (NASDAQ: TOYO) and Abalance Corporation (TSE: 3856) – SPACs: Advantages and Lessons Learned
  • Chieko Murata, NASDAQ – State of the U.S. IPO Market, NASDAQ
  • Drew Bernstein, Co-Chair, MarcumAsia – Welcome and Introductory Remarks
  • Crocker Coulson, CEO, AUM Media – Elements of IPO Success: What Investors Expect & Tapping the Markets: Shelf Offerings, ATMs, and PIPEs
  • Jeff Acton, BDA – M&A as a Public Company
  • Tina Cheng, MarcumAsia – Preparing for the IPO: Legal, Accounting, and Audit
  • Inez Chew, DFIN – Developing a Following on Wall Street: IR, Research Coverage, and Trading
  • David Danovich, Sullivan & Worcester LLP – M&A as a Public Company
  • Doug Ellenoff, Partner, Ellenoff Grossman & Schole – SPACs: Advantages and Lessons Learned
  • Lisa Forcht, Hunter Taubman – Preparing for the IPO: Legal, Accounting, and Audit
  • Edric Yi Guo, Chief Executive Officer & Head of Investment Banking, Univest Securities, LLC – Tapping the Markets: Shelf Offerings, ATMs, and PIPEs
  • Alex Jin, Maxim Group, Developing a Following on Wall Street: IR, Research Coverage, and Trading
  • Sachiko Katori, Director Japan, AUM Media – Developing a Following on Wall Street: IR, Research Coverage, and Trading
  • Joshua Kaufman, DLA – Preparing for the IPO: Legal, Accounting, and Audit
  • Craig Linder, Anthony, Linder & Cacomanolis, PLLC – Preparing for the IPO: Legal, Accounting, and Audit
  • Yuya Orime – Chief Business Development Officer at GSR III Acquisition Corp (GSRT), Senior Vice President of SPAC Advisory Partners – SPACs: Advantages and Lessons Learned
  • Yoichi Morimoto, HiJoJo Partners Inc. – Elements of IPO Success: What Investors Expect
  • Mitch Nussbaum, Co-Chair, Loeb & Loeb – Tapping the Markets: Shelf Offerings, ATMs, and PIPEs
  • Jesse Pichel, Roth Capital Nasdaq, MarcumAsia, Elements of IPO Success: What Investors Expect
  • Neil Pinchuk, MarcumAsia – Preparing for the IPO: Legal, Accounting, and Audit
  • Bob Stephenson, Managing Director, Roth Capital – Tapping the Markets: Shelf Offerings, ATMs, and PIPEs
  • Noriko Takase, General Manager of Corporate Planning Department, Coincheck Group (NASDAQ: CNCK) – Developing a Following on Wall Street: IR, Research Coverage, and Trading
  • Jason Tang, MarcumAsia – M&A as a Public Company
  • Tony Tian, Kingswood – Elements of IPO Success: What Investors Expect
  • Ed Tsuker, Kingswood – M&A as a Public Company
  • Yingjie Weng, Managing Director, Chardan – SPACs: Advantages and Lessons Learned

The summit will cover essential topics such as:

  • State of the IPO Market
  • Elements of IPO Success: What Investors Expect
  • SPACs: Advantages and Lessons Learned
  • Preparing for the IPO: Legal, Accounting, and Audit
  • Developing a Following on Wall Street: IR, Research Coverage, and Trading
  • Tapping the Markets: Shelf Offerings, ATMs, and PIPEs
  • M&A as a Public Company

Co-Hosts

  • Nasdaq
  • MarcumAsia

Organizing Sponsor

  • AUM Media

Registration is now open for this invitation-only event. Attendance is free, but space is limited.
Register Here — Japan Go IPO Summit

For more information, please visit: https://www.aummedia.org

Press Contact:
Crocker Coulson

CEO, AUM Media
crocker.coulson@aummedia.org
(646) 652-7185 office

 

Hesai and Zeekr Mark Milestone in Strategic Partnership: Lidar-Equipped As Standard on Zeekr 007GT

SHANGHAI, April 16, 2025 /PRNewswire/ — Hesai Group (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its advanced ATX lidar solution will be integrated as standard into the newly launched luxury shooting brake sedan, Zeekr 007GT. This marks a significant milestone in the strategic partnership between Hesai and Zeekr. In the future, additional Zeekr models will integrate this advanced lidar technology, solidifying Hesai’s brand’s position at the forefront of the intelligent driving industry.

The Hesai ATX that powers the Zeekr 007GT intelligent driving system, is a small, ultra-high-definition, long-range lidar leveraging Hesai’s fourth-generation proprietary architecture. Featuring an upgraded optical and mechanical design along with laser transmission and reception module, the ATX lidar combines a compact size with industry-leading performance.

“Our partnership with Zeekr marks another important milestone in our mission to drive the mass adoption of lidar technology for intelligent driving,” said David Li, CEO & Co-Founder of Hesai. “As the automotive industry continues to innovate, we are proud to equip Zeekr with our cutting-edge ATX lidar technology, enabling them to offer a safer and more reliable driving experience for consumers. As a leader in lidar technology, we are committed to working with industry leaders to shape the future of mobility.”

The 007GT comes equipped with NVIDIA DRIVE dual Orin-X chips, delivering up to 508 TOPS of computing power. It features a total of 31 high-performance perception sensors, including lidar as standard across all models. This sensor suite enhances detection accuracy in challenging scenarios such as extreme weather, sudden lighting changes, and irregular obstacles, enabling early identification of stationary vehicle accidents up to 100 meters ahead. The vehicle’s safety redundancy is among the strongest in its class.

Zeekr recognizes the importance of lidar as an essential safety technology. As of March 2025, Zeekr’s AEB function has intervened to mitigate collision risks more than 3.61 million times.

Hesai’s ATX has been widely favored by automakers, with 11 leading domestic and international OEMs already selecting it for dozens of models. Large-scale production and deliveries began in the first quarter of 2025. More collaborative projects are now steadily advancing toward mass production, and Hesai will continue to provide industry-leading lidar technology to support Zeekr’s advanced intelligent driving systems.

Kia Named Newsweek Sustainability Disruptor of the Year After Three Years of Collaboration with The Ocean Cleanup

  • Kia hailed ‘Sustainability Disruptor of the Year’ at the 2025 Newsweek Auto Disruptor Awards in New York City
  • Across three years of partnership with The Ocean Cleanup, Kia has significantly advanced the development of a circular resource system to tackle ocean plastic pollution
  • Since the partnership’s inception, Kia has been instrumental in supporting The Ocean Cleanup’s initiative to remove plastic from the Great Pacific Garbage Patch
  • Kia’s ongoing dedication to environmental endeavors with The Ocean Cleanup underscores its commitment to long-term sustainability

SEOUL, South Korea, April 16, 2025 /PRNewswire/ — Kia today announced that it has won ‘Sustainability Disruptor of the Year’ at the 2025 Newsweek Auto Disruptor Awards, in recognition of the brand’s three-year partnership with The Ocean Cleanup and its initiatives to remove legacy plastics from the world’s oceans. This prestigious award highlights Kia’s commitment to environmental sustainability and its ongoing support of The Ocean Cleanup’s large-scale efforts to extract plastic from the ocean.

Kia Newsweek Sustainability Disruptor of the Year
Kia Newsweek Sustainability Disruptor of the Year

Since the launch of the partnership in 2022, Kia has played an integral role in The Ocean Cleanup’s operations, contributing financial resources, technical expertise, and in-kind support, including logistical, mobility and research assistance, to accelerate the removal of plastic waste from the ocean. The collaboration has also led to tangible progress in developing a circular resource system for ocean plastic through innovations in recycling and its application in Kia accessories.

As Kia and The Ocean Cleanup mark three years of collaboration, the Newsweek ‘Sustainability Disruptor of the Year’ award – which celebrates the brands driving transformative change in the automotive industry – underscores the organizations’ multiple achievements in environmental sustainability. To date, the partnership has contributed to the removal of over one million pounds of plastic from the world’s largest accumulation of floating waste – the Great Pacific Garbage Patch – located between the west coast of the US and Hawaii, and covering an area three times the size of France.

Charles Ryu, Executive Vice President and Head of Kia’s Global Brand & CX Division, said: “Over the past three years, our partnership with The Ocean Cleanup has had a real impact on the amount of plastic waste in our oceans. This collaboration continues to drive scalable and lasting solutions for cleaner waterways, reinforcing Kia’s commitment to sustainability while strengthening our presence across The Ocean Cleanup’s growing global footprint.”

NOTICE OF PROPOSED SETTLEMENT AND SETTLEMENT APPROVAL HEARING

PROPOSED CLASS ACTION SETTLEMENT

DID YOU ACQUIRE COMMON SHARES OF TREVALI MINING CORPORATION IN THE PRIMARY MARKET AND/OR THE SECONDARY MARKET BETWEEN OCTOBER 9, 2020 AND AUGUST 15, 2022 INCLUSIVE, AND HOLD SOME OR ALL OF SUCH COMMON SHARES AS OF THE CLOSE OF TRADING ON APRIL 14, 2022 AND/OR AUGUST 15, 2022?

THIS NOTICE MAY AFFECT YOUR LEGAL RIGHTS

VANCOUVER, BC and TORONTO, April 16, 2025 /PRNewswire/ — A class action settlement has been reached in Demmer et al. v. Trevali Mining Corporation et al., SCBC S-228113. The action was certified by the Supreme Court of British Columbia.

The settlement is a compromise and is not an admission of liability or wrongdoing or fault by the Defendants. The proposed settlement is subject to court approval. Capitalized terms used herein but not defined have the same meanings as are ascribed to them in the Settlement Agreement.

The class action has been certified on behalf of all persons and entities, wherever they may reside or may be domiciled, who purchased or otherwise acquired the common shares of Trevali in the primary market and/or in the secondary market between October 9, 2020 through to August 15, 2022 inclusive, and held some or all of such common shares as of the close of trading on April 14, 2022 and/or August 15, 2022. 

For the payment of $2,800,000 by the Defendants, the Class will release the Defendants from all claims. The settlement funds, after payment of Class Counsel’s fees, expenses, and any honorariums to the plaintiffs, will be distributed to the class in accordance with the Distribution Protocol.

The representative plaintiffs have entered into a contingency fee agreement with class counsel providing for a maximum fee of 30%. Class Counsel will seek approval of their fees at or after the settlement approval hearing. The Court will determine the amount to be paid to Class Counsel for legal fees and disbursements.

You are automatically included in the Class, and will be bound by the Settlement if approved by the Court, unless you opt out. If you do not want to be part of the lawsuit, you must opt out of the proceeding by delivering an opt out form to Class Counsel by no later than May 20, 2025.

For members of the Class that wish to object to the Settlement, Distribution Protocol, Class Counsel Fees or the plaintiffs’ honorariums, you must notify Class Counsel no later than May 20, 2025, in the manner set out in the long form notice.

Class Counsel are KND Complex Litigation. More information on the settlement (including the opt-out form and Settlement Agreement) is available at https://www.knd.law/class-actions/trevali-mining-corp/ .

This notice has been authorized by the Supreme Court of British Columbia.

Sage Nematollahi, KND Complex Litigation, trevali@knd.law