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Yadea Showcases World-Class Innovation at Chongqing Smart Manufacturing Base, Strengthening Engagement with Thai Dealers

BANGKOK, March 24, 2026 /PRNewswire/ — Yadea, the world’s No.1 electric two-wheeler brand for nine consecutive years, continues to accelerate its expansion in Southeast Asia. Recently, the company hosted a delegation of Thai investors and business partners at its Chongqing Smart Manufacturing Base—one of the most advanced production and integrated R&D facilities globally.

Group photo of dealer partners at Yadea's Chongqing base.
Group photo of dealer partners at Yadea’s Chongqing base.

The visit offered a comprehensive view of Yadea’s end-to-end manufacturing capabilities, from precision assembly and stringent quality control to real-world performance testing. Delegates also participated in test rides, gaining firsthand experience of product performance and reinforcing confidence in Yadea’s global standards.

With an annual production capacity of up to 3 million units, the facility demonstrated testing protocols exceeding international benchmarks, including a 16-degree slope climbing test tailored to Thailand’s diverse terrain. Visitors also experienced Yadea’s proprietary TTFAR technology—an advanced motor and battery system designed to deliver enhanced power, speed, and range.

Yadea currently offers five electric motorcycle models fully eligible for registration in Thailand. These models are engineered with waterproofing and durability features suited to the country’s hot and rainy climate, ensuring reliable performance in real-world conditions.

During the visit, Yadea highlighted three key strengths underpinning its business potential. First, its global leadership, with operations in over 100 countries and 10 manufacturing bases worldwide, including a facility in Thailand’s Samut Prakan Free Trade Zone. This is supported by its “1+4+N” strategy, integrating global R&D with product, channel, brand, and service excellence.

Second, continuous investment in innovation remains central to Yadea’s growth. In 2025, the company allocated approximately THB 4.5 billion to R&D, advancing battery systems, powertrains, and smart features to enhance user experience and competitiveness.

Third, Yadea’s commitment to talent development was demonstrated through visits to Chongqing Modern Manufacturing Vocational College and its Lean Training Center, both focused on building technical expertise and elevating service standards.

“By experiencing our full industrial ecosystem, partners can see that Yadea’s vision extends beyond product sales—we are building a sustainable mobility ecosystem through innovation and talent development,” said Mr. Yang Xiaofei, General Manager of Yadea Thailand.

Yadea plans to expand its dealer network nationwide, supported by comprehensive solutions across products, technology, and marketing to drive sustainable growth.

 

Kulicke & Soffa Expands Memory Solutions Portfolio

Introducing New Solutions to Address Emerging Assembly Challenges

SINGAPORE, March 24, 2026 /PRNewswire/ — Kulicke and Soffa Industries, Inc. (“K&S”, “Company”) today announced an expanded portfolio of memory–focused interconnect solutions, reinforcing its leadership across Ball, Vertical Wire, Advanced Thermo–Compression and Hybrid Bonding technologies.

As memory assembly evolves to support higher bandwidth, greater power efficiency, and tighter integration for AI-driven workloads, manufacturers are increasingly constrained by transistor scaling and traditional interconnect density limitations. K&S is relentlessly focused on addressing this growing set of challenges, while also providing new innovative solutions to address the challenges of tomorrow. The company is pleased to highlight its extensive and growing portfolio of leading memory solutions.

Introducing the ProMEM Suite of Dedicated Memory Solutions
K&S continues to advance Ball Bonding technology to meet the performance, precision, and productivity requirements of modern high-volume memory devices, where throughput, consistency, placement accuracy, and yield stability are critical. Building on its longstanding leadership in high volume stacked NAND assembly, the Company today introduces the ProMEM suite of memory focused process enhancements, which deliver higher productivity and improved process control across advanced memory packaging applications.

The latest capabilities offered by ProMEM span first bond, second bond, bumping, and looping processes, and when combined, enables up to a 20% higher throughput while improving bond quality, supporting higher density DRAM and NAND architectures.

Together, these enhancements allow memory manufacturers to extend performance of wire bonding to directly support increased interconnect density and bandwidth requirements of emerging memory architectures.

Vertical Wire: A Scalable Path to Higher Density Memory Architectures
K&S’s Vertical Wire innovations, deployed on the ATP MEM PLUS and Ball Bonder platforms, provide a practical and cost-effective approach to increasing interconnect density in stacked memory designs. By extending wire bonding into the vertical dimension, K&S is enabling both higher interconnect density and reduced package footprint, which supports stacked DRAM and other next generation memory formats in high-volume production environments.

Directly leveraging decades of proven leadership and wire bonding process knowledge, K&S is best prepared to support the industry’s emerging three-dimensional memory requirements. With broadening customer engagement, the Company’s vertical wire solutions offer a scalable pathway which leverages cost-effective bonding technologies to effectively support higher-density memory architectures, enabling manufacturers to significantly advance performance while maintaining proven process economics.

Advanced Thermo–Compression and Hybrid Technology Leadership Support the Highest Performance Memory Applications
The proven capabilities of the Company’s highly precise and configurable APTURA™ platform have already enabled production of the most advanced heterogeneous logic applications and are now being offered to support the most advanced, high-performance memory applications.

K&S’s Fluxless Thermo-Compression (FTC) innovations include best–in–class positioning accuracy and support both atmospheric plasma and the production–proven, in–situ, formic acid vapor oxide–reduction capabilities, which can be used in combination or individually customizable depending on the application requirements. These unique fluxless capabilities, combined with an array of material handling configurations, have driven share gains in leading–edge logic and are now being offered for leading-edge memory applications. These innovations enable advanced memory assembly by supporting near zero die–gap heights, low–resistance direct copper–to–copper interconnects, and industry–leading throughput and yields.

The Company is investing in capital expenditures to expand TCB production and continues to anticipate its TCB business will grow approximately 70% sequentially in fiscal year 2026. K&S anticipates TCB demand will continue to aggressively grow in following years supporting advanced packaging trends in both logic and memory markets.

K&S has also accelerated its Hybrid Bonding development program since 2024 and has actively developed several innovative capabilities which are driving early customer interest and engagements. K&S welcomes collaboration opportunities with customers and technology partners to address this potential industry opportunity.

As emerging memory architectures such as high–bandwidth memory (HBM), high–bandwidth flash (HBF), and other forms of high-density DRAM become more prevalent, K&S FTC and Hybrid solutions are well positioned to provide a compelling value proposition.

A Unified Strategy for the Next Era of Memory Packaging
Together, K&S’s Ball Bonding, Vertical Wire, Advanced TCB and future Hybrid Bonding solutions form a cohesive memory interconnect roadmap, enabling customers to optimize current–generation memory production, introduce new stacking and interconnect approaches and prepare for future advanced memory architectures.

By aligning incremental innovation with advanced packaging leadership, K&S continues to expand its served market and reinforce its position as a long–term technology partner to the global memory industry.

Visit K&S at SEMICON China 2026
Together with a broad portfolio of K&S solutions, the Company will be available at the SEMICON China Trade Show in Shanghai, from March 25, 2026 through March 27, 2026 in booth #3431 of Hall N3. Please contact your regional K&S sales team for additional information.

For more information, visit www.kns.com.

About Kulicke & Soffa
Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, including the importance and competitiveness of our products and other emerging technology transitions, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the persistent macroeconomic headwinds on our business, our ability to compete successfully in a highly competitive semiconductor equipment industry,, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to develop, manufacture and gain market acceptance of new and enhanced products, our ability to operate our business in accordance with our business plan, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 4, 2025, filed on November 20, 2025, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts:

Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com

Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com

 

Connecting the World, Driving Apex Growth: Apexmind Summit 2026 Successfully Held in HongKong


HONG KONG SAR – Media OutReach Newswire – 24 March 2026 – The Apexmind Summit 2026 was grandly held in Hong Kong today. The summit brought together leading global strategists, scholars, and business and policy leaders to engage in high-level dialog on how strategic opportunities are reshaping the competitive landscape. During the event, the Apexmind Consulting Hong Kong Office Inauguration was officially announced, and Founder & Chairman, Apexmind Consulting, Mr. Yao Rongjun was honored as an Honorary Fellow of the Institute of Management Consultants Hong Kong (IMCHK). These dual milestones mark that the Chinese strategic consulting force, represented by Apexmind, is actively achieving a “cultural handshake” with global business through Hong Kong. Under the vision of “Strategic Co-evolution”, it advances the global expansion in a meaningful and tangible way.

Official Launch of Apexmind Consulting Hong Kong Office
Official Launch of Apexmind Consulting Hong Kong Office

Redefining the Logic of Competition and Interpreting the Essence of Strategy in the New Era

Mr. Yao, Founder & Chairman of Apexmind Consulting, delivered a keynote, offering a profound analysis of how competitive dynamics are evolving in the new era. He emphasized: “Competition is not about meeting demand, but about winning the mind. The purpose of business is not to create customers, but to occupy a position in the mind. Business is not about improving efficiency, but about winning people’s hearts. Decisions should not be made from the inside out, but from the outside in. Strategy is not the sum of parts, but an integrated system.” In his view, as Chinese enterprises transition from product globalization to brand and model globalization, the global market urgently requires a strategic language that is both universally applicable and capable of engaging in dialog with the world.

Gaining Recognition from International Professional Forces, Co-building a New Global Consulting Ecosystem

Nicholas Warn, Chair of the International Council of Management Consulting Institute, delivered a keynote and expressed his vision for deep cooperation with Apexmind to collaboratively build a global business ecosystem and drive industry evolution. He stated, “What Chinese consultancies can bring to us, particularly consultancies like Apexmind, is an enrichment of what we have already.” This recognition from a global authoritative consulting organization, combined with Mr. Yao’s same-day honor as the IMCHK Honorary Fellow, signals a pivotal shift that Chinese strategy consulting is evolving from a recipient of global business wisdom into a co-creator of original strategic thought systems.

Identifying Seven Strategic Opportunities, Mapping the Growth Blueprint for Chinese Enterprises

Co-President, Apexmind Consulting, Mr. Chen Ji released “Seven Strategic Opportunities for Chinese Enterprises” on site, presenting a structured strategic methodology that provides companies with clear, actionable growth pathways and breakthrough directions. Each opportunity reflects insights refined through real-world strategic engagements with 62 enterprises. These frameworks enable companies to transform external uncertainty into sustainable growth certainty.

From Hong Kong to the World: Powering Shared Growth Across the Greater Bay Area

Distinguished speakers from academia, industry associations, and business communities contributed further insights. Professor Shi Weilei of The Chinese University of Hong Kong, from a global perspective, proposed that the transnational strategy of Chinese enterprises must anchor a balanced core between localization and global collaboration. Mr. Yang Yang, Professor of the Hong Kong University of Science and Technology and Director of HKUST Shanghai Center, illustrated the value driven by disruptive innovation scenarios in smart cities, noting that data and algorithms in the AI era are opening entirely new competitive tracks for global entrepreneurs.

Daniel Chan, President of the Institute of Management Consultants Hong Kong (IMCHK), stated that Hong Kong is upgrading from a “Super Connector” to a “Super Value-Chain Enhancer”. By building a strategic bridge for Chinese enterprises going global and international firms entering the market through two-way empowerment, Hong Kong demonstrates its unique value as a hub. Dr. Huang Weihong, Vice President of The Chinese Manufacturers’ Association of Hong Kong, shared a Hong Kong perspective, interpreting the pathways for brands to achieve strategic breakthroughs in the new consumer wave by leveraging regional advantages and strategic wisdom.

The establishment of Apexmind Consulting Hong Kong Office and the successful conclusion of this summit are a small step in Apexmind’s global journey, but a significant leap for Chinese strategy consulting toward “Cultural Handshake, Strategic Co-evolution”. With a proven track record of enabling 62 enterprises to achieve billion-level growth at scale, Apexmind Consulting continues to drive the industry forward from setting local benchmarks to contributing to global standards. Moving ahead, Apexmind will remain committed to an open vision, bringing strategy frameworks rooted in China and validated through real-world practice to the international stage. In the evolving landscape of global business, Apexmind Consulting is poised to elevate the Chinese consulting industry to new global heights.
Hashtag: #ApexmindConsulting

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

Umoney Partners with LOCA to Enable Mobile Payments for Taxis, EV Charging

Umoney partners with LOCA to enable seamless mobile payments for taxi rides and EV charging, all in one app. 23 March 2026

Two Lao tech companies signed an agreement that allows users to pay for taxi rides and electric vehicle charging through a single mobile app.

On 23 March, Star Fintech, operator of the Umoney mobile payment platform, and LOCA, which runs a ride-hailing and EV charging network, signed a cooperation agreement in Vientiane that will allow LOCA users to pay for taxi rides and charging sessions directly through the Umoney app, without handling cash or switching between platforms.

The partnership comes as rising global fuel prices continue to squeeze drivers and transport operators across the region. For many, the shift to electric vehicles is increasingly an economic decision rather than an environmental one, and LOCA has been steadily expanding its EV charging infrastructure to meet that demand. 

Suliyo Vongdala, Executive of LOCA Co., Ltd (left) and Ha Jiang Thang, Director of Star Fintech Sole Co., Ltd (right).

By integrating Umoney into its payment flow, the company hopes to reduce one of the remaining practical hurdles to EV adoption in Laos.

Umoney currently offers a broad suite of financial services, including money transfers, utility bill payments covering electricity, water and home internet, mobile top-ups, data packages, loans, insurance, and Lao Airlines ticket bookings, all without transaction fees.

To mark the launch, both companies plan to roll out promotional offers and discounts for customers who pay via Umoney on the LOCA platform, though specific terms have not yet been disclosed.

Lazada Celebrates Its 14th Birthday with Two Guinness World Records™ and Birthday Sale

  • Lazada kicked off the celebration for its 14th birthday with the Lazada Run Wellness Festival in six markets, which brought together over 5,500 participants.
  • On 22 March, participants broke two Guinness World Records™ with a 2,728-record count for the Largest Toast with Soft Drinks (Multiple Venues) and a 2,625-record count for Most People Unwrapping Presents Simultaneously (Multiple Venues) across Singapore, Thailand, Vietnam, and the Philippines.
  • The festival marked the start of Lazada’s Birthday Sale, happening from 24 March (8PM) to 27 March in Singapore, featuring exclusive deals and vouchers

SINGAPORE, March 24, 2026 /PRNewswire/ — Lazada, Southeast Asia’s leading eCommerce platform, marked its 14th birthday by bringing communities together through the Lazada Run Wellness Festival in March, alongside the launch of its highly anticipated Lazada Birthday Sale.

Showcasing Lazada’s position as Southeast Asia’s platform of global brands, the event partnered with over 140 brands across Southeast Asia, including Shiseido, Optimum Nutrition, Garnier, Philips, Samsung, L’Occitane, Sulwhasoo, and Anessa. Lazada celebrated the occasion in Indonesia (1 March), Malaysia (14 March), and with concurrent events in Singapore, Thailand, Vietnam, and the Philippines on 22 March.

In Singapore, the Lazada Run Wellness Festival at Marina Barrage gathered over 450 runners and fitness enthusiasts for a shared experience that extended beyond the digital marketplace. The event created a vibrant space for participants to connect and celebrate together, with activities such as community-led runs and curated wellness activities.

The event also brought together a strong network of partners across Lazada’s ecosystem, including leading LazMall global brands such as ZenYum, Sonos, Philips, Soundcore, SKG, Dr. Rock, DJI, EHPLABS, Sulhwasoo, Innisfree, adidas, Joyvio, Abso, alongside prominent local run clubs such as Singapore Runners, Running Department and Urban Milers.

A Record-Breaking Celebration, Brought to Life by Communities and Brands

Adding to the excitement of the birthday celebrations, Lazada made history with two Guinness World Records™, uniting over 2,900 participants simultaneously across Singapore, Thailand, Vietnam and the Philippines on 22 March.

Participants across four venues came together to break world records for Largest Toast with Soft Drinks (Multiple Venues) with a 2,728-record count, and Most People Unwrapping Presents Simultaneously (Multiple Venues) with a 2,625-record count, turning the occasion into a shared celebration across markets.


The festival was brought to life with the participation of Lazada’s brand partners, who engaged participants with different experience zones set up around the festival grounds.

“Lazada’s 14th birthday is not just a celebration of our journey, but of the communities that have grown with us across the region,” said Marcus Chew, Chief Marketing Officer, Lazada Group. “It was remarkable to see how everyone rallied together to make this milestone such an exciting moment. Through initiatives like the Lazada Run Wellness Festival, we would like to continue creating more opportunities to engage our users beyond transactions, bringing together global brands, partners and communities in meaningful and memorable ways.”

Celebrating 14 Years with Rewards for Shoppers


In tandem with the celebrations, Lazada Singapore will be kicking off its Birthday Sale from 24 March (8PM) to 27 March, offering shoppers a host of exclusive deals and rewards.

The campaign brings together top global brands and exciting promotions as part of Lazada’s annual birthday celebration. Customers can enjoy up to 90% off LazFlash Deals, an additional 15% off store vouchers, as well as exclusive vouchers worth $20 off with a minimum spend of $60 from https://lzd.co/bdaysalevouchersSG

As Lazada’s anniversary celebrations continue with its Birthday Sale, the platform continues to evolve beyond a transactional marketplace, strengthening its role as a platform that connects buyers and sellers while fostering meaningful communities through shared experiences, both online and offline.

For more information on the Lazada Birthday Sale, visit the app and follow Lazada on Instagram and Facebook for the latest updates and deals.

About Lazada Group 

Lazada Group is Southeast Asia’s pioneer eCommerce platform. For the last 14 years, Lazada has been accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. Today, a thriving local ecosystem links about 160 million active users to more than one million actively selling sellers every month, who are transacting safely and securely via trusted payments channels and Lazada Wallet, receiving parcels through a homegrown logistics network that has become the largest in the region.

Connecting the Global Travel Industry: YeePay Builds a Bridge Between China and International Aviation Markets

BERLIN, March 24, 2026 /PRNewswire/ — From March 3-5, 2026, ITB Berlin, the world’s leading travel trade show, marked its landmark 60th anniversary, gathering over 5,600 exhibitors from 166 countries and regions, nearly 97,000 industry professionals, and 400+ experts sharing the latest global travel trends across 200+ forums.

China’s travel market remains a core global growth engine, with 697 million inbound and outbound trips in 2025 and outbound travel projected to top 220 million in 2026. Booming two-way cross-border travel has made robust, compliant cross-border transaction capabilities essential for global airlines, OTAs and travel partners.

At the event, YeePay unveiled its one-stop Global Corporate Account transaction solution. With 20+ years of deep expertise in China’s aviation and travel sector, YeePay partners with all Chinese airlines and nearly 10,000 OTAs, operating a secure, compliant cross-border payment network spanning 200+ countries and regions and supporting 100+ currencies.

This unified, fully digital solution addresses core industry pain points for both Chinese airlines expanding globally, and international airlines, OTAs and travel enterprises entering China. It delivers a complete end-to-end transaction workflow covering account opening, funding, payment, reconciliation and settlement, resolving challenges from slow cross-border settlement, high FX costs and complex compliance, to local market access barriers. Multiple international carriers at ITB Berlin expressed interest in expanded cooperation, with a European airline partner noting the solution streamlined its compliant access to China’s ecosystem and accelerated market expansion.

As ITB Berlin’s 60-year legacy mirrors the global travel industry’s shift to full interconnectivity, YeePay – a China-rooted, global-serving transaction provider – empowers overseas aviation and travel players with reduced cross-border costs, enhanced capital efficiency and simplified international settlement, to fuel the next phase of global travel growth.

JioStar Unlocks India’s Billion-Strong Consumer Base for Southeast Asia Brands via Live Sports


SINGAPORE – Media OutReach Newswire – 24 March 2026 – JioStar, a global media and entertainment powerhouse, is providing brands from South East Asia unparalleled access to over a billion viewers through India’s most-watched sporting events. With TATA IPL 2026 starting in less than two weeks, JioStar’s multi-screen presentation of one of the most valued sports leagues globally will provide brands a gateway to the massive consumer base.

TATA IPL 2026 has already attracted brands such as Google, Amazon, Uber, Skoda, OpenAI and P&G, signalling continued confidence in India’s high-growth consumer economy. The 2025 edition transformed the TATA IPL experience across both linear and digital – reimagining how fans, brands, and partners connect with live sport. The previous edition recorded a reach of 537 million on TV and 652 million on digital, with 425+ advertisers participating, including 270+ first-time advertisers, across 40 unique categories.

“Live sport brings millions together in moments of intense emotion and attention. This was demonstrated by JioHotstar’s world-record 72.5 million peak concurrency during India’s victory at the ICC T20 World Cup 2026 — making sport the ideal launchpad for companies in Southeast Asia to build relevance and connection,” said Harry Griffith, Head of International Acquisitions & Syndication, Sports – JioStar.

The recently concluded ICC Men’s T20 World Cup 2026 saw leading global brands including Coca-Cola, Marriott, Rado, Emirates, Pernod Ricard, Domino’s, Diageo and Samsung, reinforcing the effectiveness of live sports as a platform for market entry and expansion.

For South East Asian businesses seeking to establish their footprint in the fastest growing major economy in the world, JioStar provides seamless nationwide reach across linear television, Connected TV (CTV), and mobile platforms. At a recent forum organised by the Singapore Indian Chamber of Commerce and Industry (SICCI), JioStar demonstrated how live sports have evolved into the most effective vehicle for international brands to engage India’s demographic.

JioStar’s portfolio features the world’s most prestigious sporting properties, including the TATA Indian Premier League (IPL), ICC’s marquee events, the TATA Women’s Premier League (WPL), BCCI Cricket, Big Bash League, SA20, Major League Cricket (MLC), Olympics, Wimbledon, US Open, English Premier League, marquee BWF events, ONE Championship, Milano Cortina 2026, NFL among others.

As India’s premium consumer base expands, the convergence of scale, and measurable impact offers a unique advantage. For Singaporean companies, aligning with India’s defining sporting moments and the scalable engagement that JioStar provides is the key to unlock growth in the world’s most dynamic market.
Hashtag: #JioStar #TATAIPL #WorldCup2026 #Advertising #Marketing #Sports #Streaming

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

About JioStar

Perched firmly at the nucleus of spellbinding content and innovative technology, JioStar is a leading global media & entertainment company that is reimagining the way audiences consume entertainment and sports. Its television network and streaming service together reach more than 750 million viewers every week, igniting the dreams and aspirations of hundreds of million people across geographies.

GAC Shines at Egypt Auto Show with EMZOOM, Pioneering Expansion in North Africa

GUANGZHOU, China, March 24, 2026 /PRNewswire/ — The Automorrow 2026-Egypt International Motor Show, themed DRIVING INNOVATION FORWARD, grandly kicked off at the Cairo International Convention and Exhibition Center from February 5 to 8, 2026. GAC made a high-profile appearance at the show with three flagship models – EMZOOM, EMPOW and GS4 MAX.

For this exhibition, GAC precisely aligned with the consumption demands of the Egyptian automotive market and showcased three star models with their respective strengths, fully demonstrating the R&D and manufacturing prowess of Chinese automotive brands.

As a core model of GAC’s global strategy, the EMZOOM has clinched numerous awards both at home and abroad, thanks to its highly distinctive geometric cut design, robust power response, futuristic intelligent configurations and outstanding safety performance.

EMZOOM
EMZOOM

Currently, the Egyptian automotive market boasts immense development potential, with its automobile penetration rate on a steady rise and the new energy vehicle (NEV) market registering a compound annual growth rate (CAGR) of 12.03%. The local government has also rolled out favorable policies including tax reductions and exemptions, as well as incentives for local manufacturing, fully driving the low-carbon upgrading of the automotive industry. GAC’s participation with its core product portfolio not only responds to the consumption expectations of the Egyptian market with its solid product strength, but also exchanges insights with global brands on the same stage, showcasing the innovative prowess of Chinese automotive brands.

As a pioneer of Chinese automotive brands in globalization, GAC has always driven product upgrading through technological innovation and deepened its presence in overseas markets with a localization mindset. Its participation in the Automorrow Egypt International Motor Show is a key initiative for GAC to expand its layout in North Africa and deepen its roots in the African market, as well as a reflection of the steady advancement of the brand’s globalization strategy. Looking ahead, GAC will accurately align with the demands of the Egyptian and African markets, introduce more high-quality products and services tailored to local needs, deepen cooperation with local governments, enterprises and industry partners, actively participate in the construction of the local automotive industry ecosystem, and contribute to the rapid development of Egypt’s automotive industry.