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China Xplained | What’s driving Hungary’s love in Chinese electric cars?

GUANGZHOU, China, May 21, 2025 /PRNewswire/ — A report from GDToday:

Hungary has rapidly emerged as a favored destination for Chinese electric vehicle makers, with Shenzhen-based BYD recently announcing its decision to establish its European business headquarters and a new research and development center in Budapest.

Other major Chinese EV and battery giants, including NIO and CATL, have either broken ground or expanded their operations in Hungary.

Chinese investments have become an “indispensable engine” of Hungary’s economic growth, Hungarian Prime Minister Viktor Orban said on Thursday.

Why is the Central Eastern European country proactively welcoming Chinese investments? And why are Chinese EV giants all eyeing Hungary as a major part of their global strategy? In this episode of China Xplained, we’ll travel to Budapest to find out the answers.

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China’s Open Door Amplified: the Upcoming Eighth CIIE Cements Role as Global Business Gateway

SHANGHAI, May 21, 2025 /PRNewswire/ — Despite an increasingly unpredictable global landscape, the eighth China International Import Expo (CIIE) is taking shape with remarkable momentum as it prepares to open in Shanghai this November. As a unique gateway to China’s 1.4 billion-consumer market, the CIIE has already attracted around 800 companies from more than 70 countries and regions.


Exhibition Scale & Continuity

The first batch of over 300 exhibitors has been officially announced, with more than 100 companies having engaged in every edition since the inaugural CIIE. Currently, an exhibition area of over 250,000 square meters has been booked for this year’s CIIE, and more buyers along the industrial chains, including small and medium-sized enterprises (SMEs), will be encouraged to participate.

Sector-Specific Synergy

A dedicated business matchmaking session for the food and agricultural sectors on April 18 demonstrated CIIE’s operational effectiveness. 41 international exhibitors—including Dole, Goodfarmer, and Theland—who engaged in business talks with over 150 Chinese buyers  such as Sinopec Shanghai Easy Joy, Bailian Group, and Eastern Airlines Food Co.

Global Endorsements

International policymakers continue to recognize the CIIE’s value. Malaysia’s Minister of Transport, Anthony Loke, highlighted the CIIE’s strategic importance as an important gateway for Malaysian businesses, especially SMEs, to gain new impetus and fruitful results through deepened cooperation. Echoing this sentiment, State Secretary of the Ministry of Trade, Industry and Fisheries of Norway, Janicke Andreassen Hirstad, recognized the CIIE’s effectiveness in connecting Norwegian companies in agriculture, shipping, and maritime sectors with Chinese consumer demand.

Intellectual Engagement

Held alongside the CIIE, the eighth Hongqiao International Economic Forum (HQF) is finalizing its agenda, with guest invitations progressing steadily. The eighth HQF will align closely with current global economic dynamics, focusing on key topics such as multilateral trade governance, digital empowerment, green development, new quality productive forces, institutional openness, Global South cooperation, and inclusive development, reinforcing its role as a high-level dialogue platform.

As the upcoming China–Central Asia Summit highlights the growing momentum for regional and global cooperation, the eighth CIIE and HQF present a valuable platform for international enterprises to integrate into China’s market and explore new opportunities in Chinese dynamic economy.

Don’t miss the chance to be part of these significant global events—visit https://www.ciie.org/zbh/en/ for the latest updates and participation details.

Contact: Ms. Cui Yan Tel.: 0086-21-968888 Email: exhibition@ciie.org

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NOVOTEL CELEBRATES ONE YEAR OF OCEAN COMMITMENT AND SUSTAINABLE PARTNERSHIP WITH WWF

NOVOTEL LAUNCHES SUSTAINABLE SEAFOOD PRINCIPLES WITH WWF AND ANNOUNCES NEW PLANT-FORWARD AMBITION AHEAD OF WORLD OCEAN DAY

PARIS, May 21, 2025 /PRNewswire/ — Ahead of World Ocean Day (8 June), Novotel proudly marks the first anniversary of its transformative three-year partnership with the World Wide Fund for Nature (WWF), reaffirming its commitment to protecting the wellbeing and longevity of the ocean with the launch of two new food policies: Novotel’s Sustainable Seafood Principles in partnership with WWF France and the launch of a pioneering global Plant-Forward food ambition across 600 hotels.

Novotel proudly marks the first anniversary of its transformative three-year partnership with the World Wide Fund for Nature (WWF).
Novotel proudly marks the first anniversary of its transformative three-year partnership with the World Wide Fund for Nature (WWF).

“At Novotel, we are taking decisive action to protect our oceans,  and the partnership with WWF is a driving force of this commitment,” said Jean-Yves Minet, Novotel Global Brand President. “Through their guidance and expertise, we can drive change at scale across our 600 hotels and more widely across the industry and communities we reach. At Novotel, we’re committed to making it easier to make choices that have a positive impact on the longevity of the planet, on marine life, and on future generations. From responsible sourcing to a Plant-Forward approach, our ocean impact strategy is designed to drive real change. Together, we can lead the way toward a healthier, more sustainable future – one positive choice at a time.”

DELICIOUS, HEALTHIER, MORE SUSTAINABLE FOOD
The new Sustainable Seafood Principles were created in partnership with WWF and led by the fisheries experts at WWF France. The new guidelines, launched globally across Novotel’s 600 hotels, include banning of 350 species of endangered seafood species, and promoting responsible fishing by 2027, serving only MSC-certified wild-caught species or responsibly sourced local fish, and use ASC- or organic-certified farmed seafood for salmon and shrimp, fostering supplier collaboration where needed. WWF France has created Sustainable Seafood Training, a comprehensive global training programme for Novotel chefs, food and procurement teams, and is working alongside Novotel and Accor to improve traceability.

Furthermore, Novotel has pioneered a Plant-Forward1 ambition, targeting all its 600 hotels to have a minimum of 25% plant-based menus by 2026. Today 39% of hotels dedicate at least 25% of their menus to plant-forward options. Novotel is committed to offering market leading, tasty, sustainable, and Plant-Forward philosophy at scale, guided by a leading culinary institute.

EDUCATION & AWARENESS FOR THE NEXT GENERATION
Novotel welcomes more than two million family stays a year and this summer families at Novotel will experience two new edutainment games designed by WWF France and Novotel to inspire and empower children to be ambassadors for the ocean. “Guardians of the Mediterranean” is an interactive card and digital game inspired by the WWF Blue Panda boat, created to educate families about ocean conservation in a fun, engaging way. “Sea Turtle” is a lively digital quiz that helps children learn about the threats faced during turtle migration, including ghost gear, plastic and pollution. 

“Inspiring and educating the next generation is key to protecting our ocean,” added Jean-Yves. “By engaging young minds through play, we plant the seeds of awareness, empathy, and action for a healthier, more sustainable marine future. As a leading family-friendly hotel brand, Novotel is perfectly placed to champion this vital mission.”

A YEAR OF PROGRESS: STRENGTHENING NOVOTEL’S COMMITMENT TO THE OCEANS
Since its launch in June 2024, Novotel has made significant strides to deliver upon its ocean preservation and sustainable impact plan:

1/ REDUCE IMPACT
Novotel’s commitment to reducing its impact aligns with Accor’s industry-leading mission towards positive hospitality, including:

  • Phasing out single-use plastics across Novotel hotel operations
  • Installing large-format and refillable dispensers in hotels
  • Minimizing food waste through innovative solutions and guest engagement
  • Launched microplastic filter pilots in two Novotel hotels2 in France to reduce impact from hotel laundry

2/ DELICIOUS, HEALTHIER & MORE SUSTAINABLE FOOD CHOICES
In addition to the new Plant-Forward ambition and Sustainable Seafood Principles, Novotel has implemented significant actions:

  • A globally managed Fishery Improvement Project (FIP) was launched in Q1 2025 in collaboration with WWF, including support of the Indian Squid FIP in Kerala, India
  • Launched a partnership with Seafood Souq to ensure all seafood suppliers and products are onboarded to SFS Trace and meet required traceability standards, including an 18-hotel pilot in the Middle East3.
  • A Seafood Taskforce procurement project has been launched in Europe in collaboration with WWF France, working directly with five suppliers to improve traceability as part of the brand’s commitment to support WWF’s ambition for sector-wide change throughout the supply chain.

3/ ENHANCE EDUCATION & OCEAN AWARENESS
Novotel is committed to raising awareness of the importance of the ocean to modern life, inspiring hotel teams, guests and communities to positively contribute to a more balanced life with the ocean.

  • New global Ocean Awareness Training for all Novotel teams in all 600 hotels, enhancing their knowledge and inspiring their action and commitment. The training has been developed in partnership with AXA Climate.
  • New WWF Sustainable Seafood Training: for all chef, F&B and procurement teams, including the impact of overfishing, sustainable seafood sourcing and best-in-class sustainability practices in restaurants.
  • Edutainment in-hotel events, programming and games to inspire positive action amongst the Novotel community.

4/ CONTRIBUTE TO RESEARCH & INNOVATION
Novotel is supporting essential WWF France conservation projects around the world, investing to support ocean impact, research and action through critical projects.

1/ The protection of Posidonia in the Mediterranean

  • Where: Europe
  • Why: Per hectare, the Posidonia meadow sequesters five to seven times more carbon than the tropical forest
  • Status: Action plans underway in 9 coastal cities; 8 mooring fields in project; and 73 buoy conversions completed in 2024 and 41 planned in 2025.

2/ The identification and removal of “ghost gear”

  • Where: Mediterranean Sea
  • Why: Lost, abandoned and otherwise discarded fishing gear are a major threat to marine life
  • Status: Over 1,000 hectares prospected in Bonifacio; several4 nets identified; pilot retrieval with underwater robots scheduled for 2025–2026; new prospection missions in Calanques and Ajaccio planned.

3/ Supporting the WWF France’s Blue Panda boat

  • Where: Europe – France, Greece, Türkiye, Italy and Croatia
  • Why: The Blue Panda sails across the Mediterranean conducting missions to develop science-based solutions and recommendations to protect Mediterranean marine life, to raise public awareness, and leading lobbying missions with countries and communities.
  • Status: 2024 campaign completed across France, Greece, Turkey, Italy and Croatia; educational visits reached 550+ children in France; Cap Cétacés anti-collision system tested; ghost gear prospection and Marine Protection Areas studies conducted; Blue Panda to be in Nice 8–14 June for UNOC with stakeholder events.

4/ Tracking and tracing marine turtles

  • Where: Global, with a specific focus on Asia-Pacific
  • Why: Six of seven species of marine turtles remained threatened by harvesting, illegal trade, being caught by commercial fisheries and the loss of nesting beaches. Mapping nesting beaches, migratory corridors and foraging grounds for critical turtle populations.
  • Status: ‘Blue Corridors’ initiative launched October 2024; over 12,600 turtles tracked globally; data gathering and connectivity analysis ongoing in 2025; update to be published by WWF at UNOC 2025.

5/ Protecting the sea turtles of the Western Atlantic

  • Where: Guiana Shield
  • Why: Mobilising civic society and fighting illegal, unreported and unregulated fishing will help protect leatherback turtles breeding on coastal areas of the Guianas, and green and olive ridley turtles from Brazil to Venezuela.
  • Status: Youth ambassador programme launched; regional delegation to attend UNOC in June 2025; field projects including eco-guide training, citizen science, and advocacy actions ongoing through 2025-2026.

Ludovic Frère Escoffier, Ocean Program Manager, WWF France, said: “Protecting the ocean also means protecting our common future. Faced with the growing threats of overfishing, pollution and loss of biodiversity, economic players have a key role to play. We welcome Novotel’s commitment to integrating the preservation of marine ecosystems into its strategy. By collaborating with influential companies in the tourism sector, together we are accelerating the transition to more sustainable, responsible practices that are compatible with ocean resilience.”

“The ocean is our planet’s greatest source of balance – the ‘lungs of the world’,” added Jean-Yves Minet. “It regulates climate, supports livelihoods, and protects ecosystems. But that balance is at risk. To secure a sustainable future, we must rebalance our relationship with the oceans, reducing our impact and ensuring marine health. Our wellbeing is deeply tied to the health of the ocean. Protecting the ocean isn’t just about the environment, it’s about supporting human health and longevity too.”

WHAT’S NEXT FOR NOVOTEL? POSITIVE STEPS TO IMPACT OCEAN LONGEVITY
Looking ahead, Novotel remains committed to amplifying its impact by: 

  • Collaborating with industry leaders at UN Ocean Conference in Nice to drive meaningful change
  • WWF Sustainable Seafood Training – launching summer 2025
  • Ocean Awareness Training in partnership with AXA Climate – launching summer 2025
  • Expanding sustainable seafood practices across all hotels
  • Embedding a new Plant-Forward menu strategy in all hotels
  • Introducing new guest engagement programs focused on ocean preservation
  • Continuing to support critical WWF France ocean preservation projects around the world

For more information about Novotel’s sustainability initiatives, learn our partnership with WWF, and to read the Novotel Ocean Impact Report in full, visit Novotel – Ocean

6 DELICIOUS PLANT-BASED DISHES @ NOVOTEL HOTELS

    1. Azzurra Kitchen @ Novotel Monte Carlo.
         a. Beetroot and Chickpea Hummus with Tahini, Fresh Herbs, spring vegetables and purslane shoots.
    2. MOKU @ Novotel Cairns Oasis Resort
        a. Green Paw Paw Salad with green paw paw & carrot, avocado, soft herbs, edamame, nam jim dressing, cassava crackers & charred lime
    3. Novotel Melbourne Airport – Boccata Restaurant & Bar
        a.  Rigatoni with Confit Tomatoes, Stracciatella and Pangrattato
    4. Bokan @ Novotel London Canary Wharf
        a. Black Lime Tofu, Dashi Broth with an Onion and Spinach Marmalade – part of the vegan tasting experience and vegan bottomless brunch
    5. Flying Elephant @ Novotel Dubai Al Barsha
        a. Zameen Ke Kebab, honey glazed beet, spicy mascarpone, Masala plum coilee
    6. Ici&là @ Novotel Strasbourg Centre Halles
        a. Quinoa Lover Burger with quinoa-chili galette, Alsacian cheddar, pesto rosso, aubergine, courgette and green salad

Images:  CLICK HERE

Notes to editors
1 Plant-Forward Definition: Plant-Forward, which includes vegetarian, vegan and Flexitarian diets, is a lifestyle choice reaping the health and sustainability benefits of vegetarian and vegan eating while still enjoying animal products, such as meat, fish, and dairy, in moderation.

2Novotel Hotels participating in microplastic pilot: Novotel Reims Tinqueux and Novotel Lens Noyelles

318 Novotel Hotels participating in the Seafood Souk: 1 hotel in Bahrain, 1 hotel in Oman, 7 hotels in Saudi Arabia, 9 hotels in UAE

4Exact number of nets identified to be communicated by WWF France after May 23rd

About Novotel
Novotel Hotels, Suites & Resorts offers high-quality hotels designed as comforting and energising places where guests can achieve balance in their busy lives, whether they are traveling for work, leisure or a blend of both. The brand’s wide array of hotels, suites and resorts offer a multitude of services, including spacious, modular rooms with natural and intuitive design; relaxed restaurants with nutritious choices; flexible workspaces; attentive and proactive staff; family zones for the youngest guests; multi-purpose lobbies; and accessible fitness centres. Novotel, which has over 590 locations in more than 60 countries is part of Accor, a world leading hospitality group counting over 5,600 properties throughout more than 110 countries. Novotel is also a participating brand in ALL, a booking platform and lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.

novotel.com | all.com | group.accor.com

Novotel Devonport in Australia.
Novotel Devonport in Australia.

 

Watermelon Salad and Green Paw Paw Salad - Novotel Cairns Oasis Resort, Australia.
Watermelon Salad and Green Paw Paw Salad – Novotel Cairns Oasis Resort, Australia.

 

Novotel Rayong Rim Pae Resort, Thailand
Novotel Rayong Rim Pae Resort, Thailand

 

Vantage Wins “Best Motorsports Sponsorship” for Scuderia Ferrari HP Partnership

PORT VILA, Vanuatu, May 21, 2025 /PRNewswire/ — Vantage Markets, the award-winning multi-asset broker, has been honoured with the prestigious “Best Motorsports Sponsorship” award at the Forex Sports Awards 2025 for its dynamic partnership with Scuderia Ferrari HP, one of the most legendary names in motorsports.

The Forex Sports Awards, organised by Sports Media Gaming Limited, recognise excellence in sports sponsorship within the forex industry, celebrating brands that have made significant investments in high-profile sporting collaborations. Winners are selected through a rigorous process, combining open voting with an independent judging panel of esteemed professionals from the sports and media industries.

Vantage Wins "Best Motorsports Sponsorship" for Scuderia Ferrari HP Partnership
Vantage Wins “Best Motorsports Sponsorship” for Scuderia Ferrari HP Partnership

As Official Partner of the Formula 1 team, Vantage has strengthened its global presence through high-impact campaigns that highlight the shared values of innovation and excellence between both brands. This partnership engages motorsports fans and traders worldwide, celebrating the relentless pursuit of progress.

In its commendation, the Forex Sports Awards noted: “The Scuderia Ferrari HP brand is one of the most iconic names that has transcended the world of sport into a global lifestyle brand. By partnering with Scuderia Ferrari HP, Vantage has created a superb brand alignment to promote itself on the global stage.”

“We are incredibly proud to receive this recognition for our partnership with Scuderia Ferrari HP,” said Marc Despallieres, CEO of Vantage Markets. “Just as Scuderia Ferrari HP represents the pinnacle of motorsports, Vantage is committed to delivering excellence in trading. This collaboration has allowed us to connect with a passionate global audience, reinforcing our brand’s values of speed, precision, and innovation. We look forward to continuing this exciting journey with Ferrari and bringing even more thrilling experiences to our clients and fans.”

Visit Vantage Markets website, for more information about Vantage’s award-winning services and upcoming initiatives.

About the Forex Sports Awards

The Forex Sports Awards, created by Sports Media Gaming Limited, honour brands in the forex industry for their outstanding contributions to sports sponsorship. The awards ensure impartiality through a two-stage selection process: an open vote shortlists the top three brands in each category, followed by a final decision from an independent panel of sports and media experts.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

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Foretellix Accelerates AI-Powered Autonomous Vehicles with Data-Driven Development Toolchain and Safety Evaluation

Data-driven verification and validation pioneers pave the safest and quickest route to driverless mobility with generation of high-fidelity sensor data that leverages NVIDIA Omniverse and Cosmos

SAN FRANCISCO and TEL AVIV, Israel, May 21, 2025 /PRNewswire/ — Foretellix, the leading provider of data-automation for AI-powered autonomy, today announces a significant expansion of its Foretify platform, enabling Autonomous Vehicle (AV) developers to slash development time in half and save hundreds of millions of dollars.

Foretellix's Foretify software visualizing an intersection scenario, integrating multi-sensor simulated camera views and 3D scenario animations for scalable, efficient, and safe testing of AI-powered autonomous vehicle stacks.
Foretellix’s Foretify software visualizing an intersection scenario, integrating multi-sensor simulated camera views and 3D scenario animations for scalable, efficient, and safe testing of AI-powered autonomous vehicle stacks.

The emergence of the physical AI frontier presents AV developers with opportunities to accelerate the step up to fully autonomous vehicles. However, three key challenges must be overcome in order to benefit from the speed of development that AI affords:

  1. AV developers need a way to train the AI engines by maximizing the value of their existing drive data and enhancing it with hyper-realistic synthetic data.
  2. AV developers face serious challenges in preparing for the unpredictability of AI-powered technology. The need to validate that the AV stack is safe in any realistic scenario is paramount for autonomy to deploy at scale.
  3. The mobility industry, including fleet operators, AV developers and insurance companies, needs an independent data-drive evaluation framework to measure the safety of these autonomous systems before they are deployed on public roads.

Foretellix developed its Foretify data automation toolchain to train AI-powered AV stacks by automatically curating   training data from the real-world driven miles and augmenting it with generated synthetic scenarios. The toolchain also provides diverse sensor simulation data enhanced with hyper-realistic variations generated using NVIDIA Omniverse and Cosmos. The AI-powered AV stack is validated by generating massive amounts of realistic synthetic data, increasing the efficiency of reaching an optimal level of operational safety within a specific Operational Design Domain (ODD) by tenfold. Furthermore, Foretify uses a data-driven safety evaluation framework to evaluate the performance of the real-world and simulation drive data and measure the coverage to provide independent evidence for the system safety case.

Backed by leading investors including Toyota’s Woven Capital, Temasek, Volvo and NVIDIA, Foretellix was founded by pioneers of data-driven verification and validation tools for complex systems. The founding team’s seminal work across coverage-driven methodologies, verification, and validation at Verisity, Intel, and Cadence Design Systems is now widely used in the semiconductor industry and formed the basis of Foretify. Foretellix customers include Daimler Truck subsidiary Torc, Volvo, Mazda, Woven by Toyota, and Nuro.

“We use Foretellix as part of our validation stack combining large-scale scenario generation of both Urban and Highway ODD with analysis of real-world logs” said Tilo Schwarz, Vice President of Engineering, Nuro Driver™.

“Foretellix is a valued partner in our mission to commercialize autonomous trucks by 2027” said Torc CEO Peter Vaughan Schmidt. “Their Data-Automation Toolchain enables the large-scale simulation and rigorous scenario testing essential to validating our physical AI level-4 autonomous system and ensuring that safety remains at the core of everything we do.”

“Physical AI creates a fast lane to autonomy that will ultimately improve our quality of life and help save millions of lives, but making it a reality requires an intelligent, data-driven approach to address AI’s inherent limitations,” says Ziv Binyamini, CEO and Co-Founder of Foretellix. “Training, validating and providing evidence of autonomous systems’ safety are the key drivers for this industry to progress. Foretellix’s solution helps foster innovation and reduce the barriers to entry for AV developers, vehicle manufacturers and entrepreneurs, democratizing the road to driverless autonomy.”

Foretify recently expanded its simulation capabilities through its integration with the NVIDIA Omniverse Blueprint for Autonomous Vehicle (AV) Simulation and the NVIDIA Cosmos Transfer World Foundation Model. The addition of hyper-realistic sensor simulation to Foretify’s behavioral scenario simulation accelerates AI-powered AV training and validation for faster development and deployment.

“By leveraging NVIDIA Omniverse and NVIDIA Cosmos, the Foretify toolchain can evaluate and generate high-fidelity testing scenarios and training data at scale,” said Zvi Greenstein, General Manager, Autonomous Vehicles Infrastructure at NVIDIA. “Foretellix’s data-automation toolchain delivers the training, validation and safety evaluation data required to safely deploy AI-powered autonomy”

The integration of Foretellix’s Foretify behavior simulation technology with NVIDIA’s sensor simulation technology has been recognized with the Simulation Innovation of the Year award at the 2025 Automotive Testing Technology International Awards.

“The complexity of the traffic environment and its edge cases requires efficient ways of generating reliable test scenarios. The ability to provide varied and high-quality synthetic data is key to unlocking this problem.” Dr Huw Davies, senior lecturer, Centre for Future Transport and Cities, Coventry University

About Foretellix

Foretellix is the leading provider of data-automation for AI-powered autonomy. Foretellix delivers the trusted development toolchain for training and validating AI-powered autonomous vehicle stacks that enables OEMs and AV developers to build next-generation AV technology with measurable efficiency, safety, and scale. Foretellix’s industry-leading training and validation capabilities are enabling and accelerating the shift to intelligent AI-powered autonomy. Foretellix has offices in the US, Europe, and Asia.

For more information, visit www.foretellix.com

Media Contact:
Diane McKaye, Si14 Global Communications
foretellixpr@si14global.com  

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Uni-Bio Science Group Receives NMPA Approval for 金因康® (Diquafosol Sodium Eye Drops), Advancing Dry Eye Syndrome Treatment in China


HONG KONG SAR – EQS Newswire – 21 May 2025 – Uni-Bio Science Group Limited (the “Company”, together with its subsidiaries, the “Group”) proudly announces that its new ophthalmology product, 金因康® (Diquafosol Sodium Eye Drops), has received marketing approval from the China National Medical Products Administration (NMPA) [Approval Number: 國藥准字H20254149]. This milestone strengthens the Group’s portfolio in ophthalmology, addressing the growing demand for innovative treatments in China’s dry eye syndrome market, which affects an estimated 360 million individuals.

As the Group’s second ophthalmology drug following GeneSoft®, 金因康® addresses the underlying causes of dry eye syndrome by activating P2Y2 receptors to stimulate tear fluid and mucin secretion. It offers:

  • Improved tear layer normalization and corneal epithelial repair.
  • Treatment for patients with dry eye accompanied by abnormal tear-associated corneal epithelial defects.
  • A next-generation option for more effective and patient-friendly care.

China’s dry eye syndrome market is projected to surpass RMB 42 billion by 2030, growing at a CAGR of 28.4%, driven by increased screen time and evolving lifestyles. 金因康® is well-positioned to capture this growing demand with its proven efficacy and safety, widely recognized since the originator launched in Japan in 2010.

To ensure rapid market penetration, the Group has expanded its sales force and integrated resources across hospitals, pharmacies, and e-commerce platforms. Strategic partnerships with API suppliers have secured high-quality raw materials at competitive costs, further enhancing 金因康®‘s affordability and market competitiveness.

Looking ahead, Uni-Bio Science Group will continue to focus on clinical needs and invest in R&D to expand its ophthalmic drug pipeline. With over 20 years of technological expertise, the Group is committed to delivering high-quality medical solutions, raising the standards of ophthalmic care, and solidifying its leadership in China’s growing ophthalmology market.

Hashtag: #Uni-BioScience

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

About Uni-Bio Science Group

Uni-Bio Science Group Limited is principally engaged in the research and development, manufacture and sales of pharmaceutical products. The research and development center is fully equipped with a complete system for the development of genetically-engineered products with a pilot plant test base which is in line with NMPA requirements. The Group also has three GMP manufacturing bases in Beijing, Dongguan and Shenzhen. The Group also has a highly efficient commercialization platform and marketing network. The Group focuses on the development of novel treatments and innovative drugs addressing the therapeutic areas of endocrine such as diabetes and osteoporosis, ophthalmology and dermatology. Uni-Bio Science Group Limited was listed on the Main Board of the Hong Kong Stock Exchange on November 12, 2001. Stock code: 0690.

About 金因康®

Diquafosol Sodium Eye Drops are a medication for treating dry eye disease and are suitable for patients diagnosed with dry eye accompanied by abnormal tear-associated corneal epithelial defects. Diquafosol Sodium represents the next generation of dry eye medication, offering cutting-edge therapy through its novel mechanism as a P2Y2 receptor agonist, stimulating tear and mucin secretion. This addresses the underlying causes of dry eye syndrome, normalizing the tear layer and improving corneal epithelial damage.

vivo Rolls Out Android 16 Beta for vivo X200 Pro and iQOO 13

SHENZHEN, China, May 21, 2025 /PRNewswire/ — vivo today announced the release of Android 16 Beta version for vivo X200 Pro and iQOO 13. The latest Android generation introduces new features that influence the way users interact with their device, like progress-centric notifications, along with improvements for a smoother and more secure experience. The version is available on the vivo Open Platform for developers to explore and adjust their apps, ensuring a seamless transition to the new Android version.

More control and flexibility

Android 16 introduces progress-centric notifications that make it easier than ever to monitor tasks from start to finish. Whether tracking a delivery or navigating to their next destination, users get clear visual cues about key milestones and overall progress at a quick glance.

Users will also get a more consistent experience when using the same app across devices. Android 16 gives developers advanced options to control the way their app responds to touch with richer haptics that adapt to the device. Further, starting with this generation, Android is phasing out the ability that has allowed apps to restrict resizability and orientation. This change is expected to improve accessibility by respecting user preferences and create a visually consistent experience across devices.

The Photo Picker, a function that gives users full control over what photos or videos they share with apps, now comes with an embedded design for seamless integration within the app.

Better performance and power optimization

Android 16 makes it easier for apps to take advantage of Adaptive Refresh Rate, which enables displays to adjust dynamically to balance fluid visuals with battery conservation. Users will also be able to get to their favorite apps quicker with faster app startup, while smarter background task management minimizes slowdowns by improving the efficiency of apps running in the background. Further, two new APIs are added to give developers a better understanding of the reason behind delays of background tasks, helping them address issues quickly.

Stronger privacy and security protection

Android 16 comes with built-in safeguards against vulnerabilities, keeping user data safer than ever, while a new functionality allows keys stored in the Android Keystore to be securely shared between different apps.

Users can also rely on Android 16 to track their fitness and health with confidence. Health Connect has been updated with new WHO-defined activity intensity levels and now supports health records, allowing apps to read and write medical records in FHIR format.

Enhanced accessibility features

Android 16 adds new ways for developers to make their apps more accessible. New features that enhance UI semantics help improve consistency for users that rely on accessibility services, including making tools like TalkBack, Android’s built-in screen reader, more intuitive for visually impaired users. Furthermore, Android 16 introduces new features for users of LE Audio hearing aids, adding the option to switch between the hearing aid and phone microphones during voice calls for better performance in noisy environments. Additionally, users can adjust the ambient sound volume captured by the hearing aid’s microphones, which can be helpful in situations where the background noise is either very loud or quiet.

Compatible devices and regions

The Android 16 Beta version is now available for vivo X200 Pro and iQOO 13. Developers are invited to download the Android 16 Beta version for vivo X200 Pro and iQOO 13, now available on the vivo Open Platform.

About vivo

vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life.

While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers including Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai and Xi’an, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, photography and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions, and is winning more than 500 million users worldwide with its superior products and services.

Following the company’s core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit. vivo has implemented a sustainable development strategy, with the vision of developing into a healthier, more sustainable world-class corporation.

*”Benfen” is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to create value for society.

China Automotive Systems Wins First R-EPS Steering Order From Major European Automaker

WUHAN, China, May 21, 2025 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. (“Jingzhou Henglong”), won its first R-EPS product order from a large, well-known European automobile producer.

This order, with annual sales exceeding US$100 million, covers multiple models of the client’s vehicles and mass production for this order is expected to begin by 2027. This order demonstrates that Jingzhou Henglong’s technical strengths in the field of high-end electric power steering systems has been recognized by a top international automobile OEM, marking another important milestone to CAAS’ strategic global reach.

R-EPS has become a must-have steering configuration for mid-to-high-end vehicle models due to its high reliability and efficiency, and quick responsiveness. With its growing importance to Jingzhou Henglong’s steering product line, the increased R&D investment in R-EPS has successfully made breakthroughs in key technologies in noise, vibration and harshness (“NVH”), steering quality and other steering performance characteristics. Using CAAS’ proprietary ball screw in assembly further assures product quality with optimized costs. CAAS’ proprietary developed electronic control units have improved network security and functional safety, reducing the probability of hardware failure with improved algorithm control. These improvements lead to steering performance that have met or exceeded customer requirements.

This project further demonstrates the strategic transformation of Chinese auto part suppliers from a traditional “cost advantage” profile to a growing realization of being a “technology content” provider of high value-added products. As the leading supplier with the most complete product line in China’s steering industry, CAAS continues to lead in the technology upgrade of the steering supply chain through its global presence, injecting a new impetus into the development of high-quality steering products.

Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, “This first order from a major European automobile OEM further expands our global footprint and acknowledges the growing value of our high-technology EPS products. We are expanding our R-EPS annual production capacity to reach 250,000 units in 2025 and is expected to exceed 1 million units by 2030 to meet the increasing demand by a number of automobile OEMs.”

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2025, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-521-4050
Kevin@awakenlab.com