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ChangAn’s “Together for a Smarter World” Theme at Auto Shanghai 2025 Lays Out Three-Pronged Strategy for Smart, Sustainable Mobility Globally

SHANGHAI, April 24, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, unveiled its “Together for a Smarter World” theme at Auto Shanghai 2025 on April 23, reviewing progress on its three key initiatives — the Mission of Shangri-La, Dubhe 2.0 Plan, and Vast Ocean Plan — marking a new phase in its efforts in new energy, intelligence, and global expansion.


Mr. Zhu Huarong, Chairman of ChangAn Automobile, commented: “The auto industry is entering the ‘second half of intelligence,’ where success will be defined by leadership in intelligence, globalization, and energy diversification—ChangAn’s three core pillars. As the landscape evolves, we will remain committed to our strategy of steady and bold progress as we transition into an intelligent, low-carbon mobility technology company.”

ChangAn’s Shangri-La Mission for new energy vehicles is progressing rapidly. To meet the needs of various customers in the huge global market, the Company has established the AVATR, DEEPAL, and CHANG-AN electric brands and launched 22 new energy models to date. With over 400 key breakthroughs in the core areas of “three-electrics” technologies—battery, motor, and electric control—breakthroughs include the Golden Shield Battery with 5C fast-charging, reducing recharging time from 30% to 80% in under 10 minutes, and an intelligent power-off system. The New BlueCore 3.0 integrated powertrain introduces innovative range extension technology. Additionally, a dual-motor electric drive system in plug-in hybrids offers seamless switching between hybrid and range extender modes. ChangAn partners with CATL for solid-state battery development and battery recycling, enhancing the new energy ecosystem.

ChangAn’s Dubhe 2.0 Plan for intelligence has formed an R&D team of 5,000. With 100% of the entire product line intelligently connected in 2020, over 20 industry-leading technologies including the Intelligent TS Drive assisted driving system, Intelligent TY Cockpit, and Intelligent TH Chassis, along with technologies such as on-the-spot 3-point turns and pendulum-style autonomous parking, have been unveiled. In 2020, 100% of the entire product line was intelligently connected and more than 20 industry-leading technologies such as Intelligent TS Drive, Intelligent TY Cockpit, and Intelligent TH Chassis featuring technologies such as U-turn on the spot and pendulum parking have been unveiled. Built on the CHANG-AN SDA platform, the CHANG-AN Intelligent TS Drive system features collision avoidance in dark and severe weather, with top-tier night vision. ChangAn has also formed strategic partnerships with leading technology companies, integrating world-class resources to develop new energy brands.

ChangAn’s Vast Ocean Plan has accelerated, with international sales surpassing 536,000 vehicles in 2024, ranking among the top three in the industry. ChangAn has expanded with six subsidiaries in Thailand, Mexico, and Germany, and nine KD factories. The Company’s first international new energy vehicle manufacturing base, ChangAn Auto Thailand Factory, is set to begin production soon. Since the launch of the Vast Ocean Plan in 2023, The Company has held 22 regional brand conferences, entered 11 new markets, and established 750 new channels, bringing its total to over 9,000 locations worldwide.


With its three-pronged strategy in full swing, ChangAn is driving the auto industry into a new era of intelligent, low-carbon mobility with a global vision, advanced technology, and a strong focus on sustainability.

About ChangAn Automobile

ChangAn is an intelligent low-carbon mobility technology company. In April 2025, ChangAn released its 2024 ESG Report—the 17th since 2008. The Company has supported initiatives such as disaster relief in Southeast Asia, the Luban Workshop in Peru, and desertification control in Saudi Arabia. Its commitment to sustainability earned it a place on the “Top 100 ESG-listed Companies in China” for the first time.

SWS Medical and Hemotek – Partners in Innovations at the 45th Philippine Society of Nephrology Annual Convention

MANILA, Philippines, April 24, 2025 /PRNewswire/ — SWS Medical, a leading Chinese blood purification provider, is excited to participate in the 45th Philippine Society of Nephrology Annual Convention (April 24-26, 2025 Preferred Booth 1), the Philippines’ largest nephrology academic event. In partnership with Hemotek Renal Center, Inc., a subsidiary of Euro-Med Laboratories Phil., Inc. and the country’s fastest-growing hemodialysis chain with 21 centers and over 500 dialysis machines, SWS is committed to advancing kidney health.

From left to right: Dr. Gingerlita Alla Samonte, former PSN Board of Trustees President, Nicole Lee, SWS Medical International Sales Director, Dr. Sonny L. Antonio, Hemotek COO, and colleagues
From left to right: Dr. Gingerlita Alla Samonte, former PSN Board of Trustees President, Nicole Lee, SWS Medical International Sales Director, Dr. Sonny L. Antonio, Hemotek COO, and colleagues

For over two decades, SWS has cemented itself as a key player in dialysis, exporting to over 80 countries and securing 200 patents. In China, it leads domestic brands with a market share of 15.9% in 2024, rising to 27.11% in February 2025.

SWS has experienced impressive growth within ASEAN, installing thousands of machines in key markets including Indonesia, Thailand, Malaysia, and the Philippines. In Indonesia alone, installations have surpassed 1,000 units, solidifying SWS’s position as the leading dialysis supplier in the nation. Furthermore, SWS has trained over 200 engineering and clinical teams, supporting the WHO’s 2030 CKD treatment goals. Dr. Sonny L. Antonio, FPCP, FPSN, COO of Hemotek stated: “We are excited about this partnership with SWS as it expands our services not only to patients receiving hemodialysis but also to healthcare institutions, by providing reliable hemodialysis machines and safe, high-quality, and cost-effective consumables that support optimal treatment outcomes.”

Since 2014, SWS’s 4000 series hemodialysis machines have become popular in the Philippines for their user-friendly interface, reliability, compatibility with various consumables, and customizable therapy profiles.

At the event, SWS will highlight its latest SWS-6000 series dialysis machines, distributed by Hemotek. This advanced machine, China’s best-seller, offers intelligent interaction and real-time monitoring of key parameters like blood pressure, temperature, volume, and urea clearance.

The TWT-EF210 dialysis fluid filter will also be showcased. Using advanced steam sterilization, this filter enhances molecular clearance and biocompatibility with a stable PES membrane and patented design, optimized through A.S.M technology for effective renal therapy.

Based in Chongqing, SWS Medical is a prominent global provider of innovative medical products and services. Its offerings include blood purification devices, disposables, dialysis management system, and a network of dialysis centers. Publicly traded on the China STAR Market (SSE: 688410), its devices hold CE markings and comply with ISO 13485:2016 standards.

swsdialysis.com

LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS

Company Achieves Record-Breaking First-Quarter Revenue
Driven by Balanced Growth in Home Appliance and B2B Sectors

SEOUL, South Korea, April 24, 2025 /PRNewswire/ — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 22.74 trillion and operating profit of KRW 1.26 trillion for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed KRW 1 trillion during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales.

LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS
LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS

Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered record-breaking quarterly revenue and operating profit. Combined operating profit from the Vehicle Solution Company and Eco Solution Company increased 37.2 percent year-over-year, with revenue climbing 12.3 percent.

The Home Appliance Solution Company, LG’s flagship business and primary profit generator, also recorded its highest-ever quarterly revenue while maintaining global market leadership. The business is rapidly transforming through innovative models such as subscription services and D2C sales. Meanwhile, the media and entertainment segment demonstrated solid performance, led by continued growth in LG’s webOS-based advertising and content platform.

The LG Home Appliance Solution Company reported first-quarter revenue of KRW 6.70 trillion and operating profit of KRW 644.6 billion. Compared to the same period last year, revenue increased by 9.3 percent, setting a new record, and operating profit grew by 9.9 percent. The Company continues to maintain its market leadership while accelerating the growth of its subscription and D2C sales.

Looking to the second quarter, the Company anticipates increased uncertainty due to shifting global trade policies and increasing market competition. To address these challenges, the Company will expand its portfolio of new and volume-zone products, while deepening its focus on subscription and online businesses. Additional priorities include focusing on opportunities in B2B such as built-in appliances and external sales of key components like motors and compressors. Profitability efforts will center on enhancing cost competitiveness through optimizing operational efficiency.

The LG Media Entertainment Solution Company posted first-quarter revenue of KRW 4.95 trillion and operating profit of KRW 4.9 billion. While TV demand remained soft, growth in webOS-based advertising and content services made a greater contribution to performance. Revenue remained in line with the previous year, though profitability was impacted by rising LCD panel prices and higher marketing spend.

In the second quarter, the Company will seek to create synergies across its display-focused businesses, including TVs, commercial displays, and IT products such as laptops and monitors. While the market recovers slowly, the Company will emphasize profitability, particularly through premium products. The expanding webOS-based platform will aim to increase geographic reach and product base while advancing strategic partnerships with content providers to maintain its growth trajectory.

The LG Vehicle Solution Company recorded its highest-ever quarterly revenue and operating profit, with revenue of KRW 2.84 trillion and operating profit of KRW 125.1 billion. Growth continues to be powered by a robust order backlog totaling KRW 100 trillion. Notably, profitability improved in the in-vehicle infotainment business, where premium product share is steadily increasing. In the second quarter, the Company aims to sustain revenue growth and solidify a stable profit structure by expanding high-value product sales, optimizing operations in the EV component business, and enhancing resource efficiency.

The LG Eco Solution Company also achieved record-high quarterly revenue and operating profit. First-quarter revenue reached KRW 3.05 trillion, with operating profit of KRW 406.7 billion, resulting in a strong operating margin of 13.3 percent. Year-over-year, revenue rose 18.0 percent and operating profit grew 21.2 percent. Since the beginning of 2025, LG has operated its HVAC business as an independent division, with noticeable performance gains driven by efficient resource allocation and a B2B-focused organizational structure.

Alongside the Vehicle Solution Company, the Eco Solution Company serves as a core engine of LG’s B2B growth. In the second quarter, the Company will seek to expand sales of new residential HVAC products and secure commercial air conditioning contracts in emerging markets. It also plans to target large-scale industrial and power-generation projects – including AI data centers – by leveraging its ultra-large chiller solutions.

United States Plans to Hit Southeast Asian Solar Imports with Tariffs as High as 3,400 Percent

This picture shows small solar panels and solar-powered lights for sale at a home improvement centre in Bangkok on April 22, 2025. The United States on April 21, 2025 announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. (Photo by Lillian SUWANRUMPHA / AFP)

On 21 April, the United States Department of Commerce announced its final decision in a major trade investigation targeting solar imports from four Southeast Asian countries. 

As a result, the US plans to impose steep new tariffs on those imports. 

Certain Cambodian exporters, for example, now face tariffs as high as 3,403.96 percent due to a lack of cooperation during the investigation, the International Trade Administration website reported. 

The investigation found that crystalline silicon photovoltaic cells (solar cells) imported from Cambodia, Malaysia, Thailand, and Vietnam were being sold in the US at unfairly low prices and with the backing of large government subsidies.

Meanwhile, Malaysian exporters are looking at anti-dumping rates around 8.59 percent and subsidy rates up to 168.80 percent, with some companies facing combined duties of more than 200 percent. 

In Thailand, tariffs are even steeper for some firms, with dumping penalties reaching 202.90 percent and subsidies climbing to 799.55 percent. 

Vietnamese companies are also being hit hard, with some exporters facing anti-dumping duties of up to 271.28 percent and subsidy rates as high as 542.64 percent.

However, these tariffs will only come into effect if the US International Trade Commission agrees, by 2 June, that the imports are causing harm to American solar manufacturers. If the Commission confirms the damage, the duties will be enforced.

The Department of Commerce was careful to point out that this case is not about companies dodging existing tariffs on Chinese-made solar products. Rather, it focuses on stopping what officials call unfair pricing and improper government support in the Southeast Asian supply chain. 

Much of the manufacturing in Cambodia, Malaysia, Thailand, and Vietnam is conducted by Chinese firms, which have shifted operations to these countries in recent years.

According to the US government, the vast majority of imported solar panels and modules entering the country come from these four nations. 

The decision marks one of the most aggressive trade enforcement actions in recent years and could have a major impact on the availability and price of solar products in the United States.

State Grid Turfan Power Supply Company: Electricity Safeguards the Migration of Birds

TURFAN, China, April 24, 2025 /PRNewswire/ — It has been observed that employees from the power supply company have proactively constructed “love nests” in designated safe areas, effectively protecting both the birds and the power grid. On April 24th, Maifeisha Aihemaiti, a third-grade student participating in the “Guarding the Fluttering Migratory Birds” initiative at the Aiding Lake National Wetland Park, expressed her delight. 

During the “Bird Loving Week,” State Grid Turfan Power Supply Company actively implemented the public welfare brand practice activity titled “Guarding the Fluttering Migratory Birds” within the Aiding Lake region and its surrounding areas. This event integrates power safety with ecological protection through various means such as scientific education, interactive practices, and the creation of “love bird nests,” thereby infusing “power grid” strength into enhancing ecological and environmental conservation efforts. 

Currently, it is the migratory season for birds. To strengthen the protection of bird habitats, the company has established a “Line Protection and Bird Love Team” to conduct specialized patrols along the routes surrounding the Aiding Lake Wetland. These patrols monitor the operational status of the lines and safeguard the migratory flight paths of birds. Additionally, staff members have developed bird-friendly devices, installed “love nests” on specific poles and towers, guided birds to remain within safe zones, and promoted the harmonious coexistence of power grid safety and the ecological environment in the region. 

Since the launch of the “Protecting Lines and Loving Birds” campaign, the company has invited over 100 tourists and staff members from the Aiding Lake Wetland to participate in bird protection activities. They have disseminated knowledge regarding power facilities and bird protection, distributed promotional materials, and ensured the safety of more than 10 bird nests, significantly enhancing public awareness and participation. This fosters a positive social atmosphere conducive to promoting the ecological protection of the Aiding Lake Wetland. 

Moving forward, State Grid Turfan Power Supply Company will continue to embrace the concept of green development, earnestly implement various bird protection volunteer activities, integrate biodiversity conservation into the entire process of power grid construction, and write a new chapter in the harmonious coexistence between humans and nature. 

ROHM Develops New High-power-density SiC Power Modules

– Compact, High-heat-dissipation Design Sets New Standard for OBC –

KYOTO, Japan, April 24, 2025 /PRNewswire/ — ROHM Co., Ltd. has developed new 4-in-1 and 6-in-1 SiC molded modules in the HSDIP20 package for power-factor-correction (PFC) circuits and LLC-resonant converters (LLC) used in the onboard charger (OBC) for electric vehicles (xEVs). The lineup includes six models rated at 750V (BSTxxx1P4K01) and seven at 1200V (BSTxxx2P4K01), integrating essential power conversion circuits into a compact module that reduces design workload and supports the miniaturization of the OBC.

Figures: Product features
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI1fl_W6M5NDFu.jpg 

With the rapid electrification of automobiles driving decarbonization efforts worldwide, xEVs are moving to higher battery voltages to extend driving range and speed up charging. Consequently, demand is rising for higher-output OBCs and still-compact and lightweight DC-DC converters. Achieving higher power density requires advanced heat dissipation, but discrete-based designs often struggle with thermal management. ROHM’s HSDIP20 effectively resolves these issues, enabling greater power output while contributing to smaller electric powertrains.

Equipped with an insulating substrate that delivers excellent heat dissipation, the HSDIP20 suppresses chip temperature rise even under high-power conditions. In a typical PFC circuit for OBC applications, a top-side cooled discrete configuration using six devices was compared with a single HSDIP20 6-in-1 module under identical conditions. During 25W operation, the HSDIP20 operated approximately 38 degrees C cooler than the discrete setup. This superior thermal performance supports higher current in a compact form factor, achieving power density more than three times that of top-side cooled discretes and 1.4 times that of similar DIP modules. In the same PFC circuit, the HSDIP20 package reduces mounting area by approximately 52%, significantly contributing to the miniaturization of the OBC and other power conversion systems.

Figures: Performance of HSDIP20 in PFC circuits
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI2fl_5vR3E310.jpg 

Going forward, ROHM will continue to develop SiC modules that combine compactness and high efficiency, including automotive SiC IPMs designed for greater reliability in smaller packages. To facilitate quicker adoption of HSDIP20 products, ROHM provides robust application-level support, including in-house motor testing equipment, simulations and thermal design data. Two evaluation kits, one for double-pulse testing and another for three-phase full-bridge implementations, are also available, enabling near real-world performance assessments.

Figures: Product lineup
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI3fl_1fO5AMI4.jpg 

Release: https://www.rohm.com/news-detail?news-title=2025-04-24_news_hsdip&defaultGroupId=false 

About ROHM: https://kyodonewsprwire.jp/attach/202504177553-O1-5j62ZTQ4.pdf 

Logo: https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI4fl_7uQ1147X.jpg 

Official website: https://www.rohm.com/ 

LianLian Global and 12 Victory partnering to offer Pay to China solution to the Thai market

HANGZHOU, China, April 24, 2025 /PRNewswire/ — Addressing the demand for seamless and secure international transfers, LianLian Global and 12 Victory are proud to introduce a new generation in remittance services. This strategic partnership delivers a fast, reliable, and fully compliant channel for remitting funds from Thailand to mainland China, adhering to the State Administration of Foreign Exchange (SAFE) regulations.

This collaboration leverages LianLian Global’s innovative LianLian Global Payout Service (LGPS) to ensure that remittances are processed with SAFE approval, significantly reducing the risk of funds being frozen.

The solution facilitates seamless B2B, C2C, and B2C transfers to China, providing businesses and individuals with a remittance process that is efficient and transparent. The partnership aims to provide a secure and transparent channel that adheres to all SAFE regulations, ensuring funds are transferred quickly and efficiently with minimised risk.

LGPS offers a faster, more cost-effective and reliable method for automating international payments by leveraging LianLian Global’s extensive global payout network with over 60 licenses worldwide. This empowers financial institutions and PSPs to provide streamlined, transparent global payments to their clients, ensuring recipients receive the full intended amount while optimizing speed and cost.

LianLian Global, as a core cross-border payment brand of Lianlian DigiTech (Stock Code: 2598.HK), is a comprehensive and innovative enterprise in cross-border finance and services in China. LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, Lianlian FX[1], Lianlian financing service platform[2], tax refund assistance and other services to help Chinese brands expand their overseas markets. 

[1] The exchange rate of LianLian Global FX business is provided by partner banks
[2] The financing products and corresponding contents displayed on the Lianlian financing service platform are provided by relevant licensed institutions

The Twelve Victory Group of Companies strives to be a leader in foreign exchange services by offering more than 30 different currencies to our customers at a very reasonable rate. In the currency exchange business, the Company is one of the key components to support the country’s economic growth. including education, exports, international trade, foreign investment and the tourism sector. The company has foreseen the massive inflow of foreign currencies into Thailand, hence our aspiration to extend our range of comprehensive services base to both domestically and internationally.

FinVolution Showcases Next-Generation AI Lending and Credit Risk Management Technology at Money20/20 Asia

BANGKOK, April 24, 2025 /PRNewswire/ — FinVolution Group (“FinVolution”), a leading fintech platform, showcases its latest advancements in AI-powered lending and credit risk management at Money20/20 Asia, held in Bangkok from April 22 to 24. The premier fintech event brings together innovators from across the global digital finance ecosystem to explore the future of financial services.

At the conference, FinVolution demonstrates how its cutting-edge credit technologies are driving financial inclusion and operational efficiency across China, the Philippines, Indonesia, and Pakistan. The company also hosts four topical sessions at its dedicated booth, highlighting real-world applications of AI across risk management, marketing, and operations.

Photo of FinVolution booth at Money20/20 Asia
Photo of FinVolution booth at Money20/20 Asia

Industry Leaders Share Insights on AI’s Role in Fintech

Lei Chen, Vice President of FinVolution, CEO of JuanScore, opened the sessions with a keynote titled “From Risk to Reward: Strengthening Risk Management in the Age of Large Language Models (LLMs).”

“AI, especially LLMs, has fundamentally reshaped credit risk assessment, but the human element remains vital,” said Lei Chen. “We must ensure that innovation is guided by strong ethical standards and operational transparency. At FinVolution, we’re focused on building agile, collaborative systems that blend data intelligence with human judgment to manage risk responsibly.”

FinVolution hosted sharing sessions at its booth.
FinVolution hosted sharing sessions at its booth.

Sheikh Omer Nasim, CEO of Daira, delivered a session on fintech’s role in driving financial literacy in Pakistan. “Financial literacy is essential to unlocking the full potential of digital finance, yet too many communities in South Asia are still excluded from the system,” said Sheikh Omer Nasim. “With Daira, we aim to close this gap through user-friendly, tech-enabled education and borrowing tools that foster better financial decisions and broader economic inclusion.”

Joseph Ruan, COO of FinVolution’s Philippines business, discussed how FinVolution empowers banks through loan channeling across diverse markets. “Loan channeling is transforming traditional banking partnerships by integrating fintech agility with institutional scale,” said Ruan. “Our AI and Big Data technologies help partner banks lend with greater precision, reaching underserved borrowers while maintaining strong risk control.”

Max Liu, Director of Strategy at FinVolution, shared his perspective on emerging CreditTech trends in Asia & Latin America. “Asia and Latin America are becoming global growth engines for fintech. Each market presents unique challenges, but the demand for smart, scalable credit solutions is rising fast. FinVolution’s cross-regional insights and technology stack position us well to lead in both regions,” said Liu.

Driving Innovation and Global Growth

FinVolution’s commitment to AI innovation continues to drive its strong financial and operational momentum. In 2024, the company upgraded its proprietary AI model trained on 17 years of credit data, boosting its fraud detection accuracy to up to 98%. The company also reported a potential 60% reduction in advertising content production costs through AI-generated creative testing.

Photo of briefing of FinVolution to conference attendee
Photo of briefing of FinVolution to conference attendee

International expansion has also been a key highlight. By the end of 2024, FinVolution’s registered users outside China reached 35.7 million, with cumulative borrowers surpassing 7 million—a 45.8% increase year-over-year. A key milestone was the launch of Daira in Pakistan, extending the company’s reach into one of Asia’s most promising frontier markets.

About FinVolution Group:

Founded in 2007 and listed on the New York Stock Exchange in 2017, FinVolution Group has been at the forefront of the pan-Asian credit technology industry, pioneering innovations in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, it has established leading fintech platforms in China, Indonesia, the Philippines and Pakistan.

Visit our official website: en.finvgroup.com