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Hyundai Mobis Opens Integrated R&D Center in India with Aim to Develop Global Software Hub

  • The company has combined two existing R&D centers into one large-scale R&D base in India, aiming to make it a software strategy hub with its own capabilities.
  • It is promoting its three long-term R&D strategies, increasing participation of the new Indian center in new R&D projects, and expanding the number of models the center will develop.
  • Software is becoming more important as the local market for EVs and SUVs expands, with the company aiming to provide integrated solutions for both local and global automakers.

SEOUL, South Korea, April 7, 2025 /PRNewswire/ — Hyundai Mobis (KRX 012330) will expand the operation of its Indian R&D center as a strategic base dedicated to automotive software. As the sales of high-value products equipped with software increases, the role of the company’s Indian R&D center in verifying and analyzing them is also increasing.

Hyundai Mobis announced on 7 that it has opened an R&D base dedicated to software in Hyderabad, Telangana, which is known as the Silicon Valley of India. Following the launching of its first Technical Center of India in 2007, Hyundai Mobis established its second Indian center in 2020, and has since operated those two centers. The new integrated large-scale R&D center aims to accommodate the increasing number of software R&D personnel and combine the company’s dispersed R&D centers to maximize synergy.

Located in the center of Hyderabad, the new integrated R&D base has a total floor area of about 24,000 ㎡ and is located in a commercial area where global technology giants are concentrated, making it easy to secure excellent software talent. The 10-story building houses research spaces, data centers, labs and training rooms, partner workspaces, and break rooms.

Behind the company’s decision to build the R&D base was the rapidly growing Indian automotive market. According to a global research firm, India’s annual new car sales volume is 5.2 million vehicles, the third largest in the world, and is expected to grow to 6.2 million by 2028.

In particular, as the Indian automobile market has shifted from small cars to SUVs and EVs, the application of new level 2 autonomous driving features such as large displays and advanced driver-assistance systems (ADAS) is becoming more active. Accordingly, Hyundai Mobis is putting in a lot of effort to make its Technical Center of India a strategic hub for boosting global sales.

To this end, the company plans to develop it into an R&D hub that drives product cost competitiveness, performance, quality, and technology based on its abundant software R&D personnel. Hyundai Mobis plans to collaborate with vehicle software companies near its R&D center in Hyderabad, creating an external ecosystem and continuing to hire talented people.

The strategy is to develop the Technical Center of India as a global software hub with its own business capabilities and use it as an advanced base to provide integrated solutions to global carmakers.

Hyundai Mobis plans to expand the scope of software R&D at the center by increasing its participation from the early stages of new product development, developing software for local vehicles at the center, and focusing on streamlining productivity through the introduction of artificial intelligence.

“The Technical Center of India has a large pool of developers, so it is a place where many new R&D attempts are made,” said Jong-keun Lee, Head of Hyundai Mobis Technical Center of India. “Based on our nearly 20 years of experience in developing production vehicles, we will promote the advancement of software and contribute to improving product competitiveness.”

Currently, Hyundai Mobis is accelerating the development of a hardware and software integrated platform that reflects the trend around software-defined vehicles (SDVs). This integrated platform is expected to emerge as a one-stop solution that supports the reduction of development costs and the convenience of the R&D environment for global customers with a customized system that can respond to each customer and vehicle segment flexibly.

Meanwhile, Hyundai Mobis not only operates its Korean R&D centers, such as the Technical Center of Korea Mabuk and the Technical Center of Korea Uiwang, but it also operates overseas R&D centers in India, Germany, and China. The company plans to establish a new semiconductor R&D center in Silicon Valley, USA this year, which will focus on developing core technologies for autonomous driving along with its existing Hyundai Mobis Technical Center of North America in Detroit. The company’s R&D center in Frankfurt, Germany, focuses on developing technologies related to autonomous driving sensors, while the one in Shanghai, China is responsible for evaluating and improving the design of locally produced modules, brakes, and steering components.

About Hyundai Mobis
Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com.

Media Contact 
Choon Kee Hwang: ckhwang@mobis.com
Jihyun Han: jihyun.han@mobis.com

Manifest Global Strengthens International Education Portfolio with BridgeU Acquisition

  • Singapore-headquartered education investment firm Manifest Global has acquired UK-based BridgeU.
  • BridgeU joins Cialfo as the two portfolio brands under Manifest Global providing digital platforms to support the global student mobility industry.

SINGAPORE and LONDON, April 7, 2025 /PRNewswire/ — Manifest Global today announced the acquisition of 100% of BridgeU from Kaplan. BridgeU will join Manifest’s growing portfolio of international education businesses, which includes global student guidance platform Cialfo.

BridgeU and Cialfo both provide digital platforms to support students, parents, and counsellors through the college and university application process. With a strong focus on international students, both platforms offer tools to explore universities, discover career pathways, and connect with higher education institutions — delivering comprehensive college and career planning support to users worldwide.

The acquisition strengthens Manifest Global’s position as a leader in global student guidance and university recruitment, offering schools and students greater choice while expanding the reach and impact of its services.

Rohan Pasari, CEO of Manifest Global, said the acquisition of BridgeU followed the recent addition of Delhi-based Kaaiser Australian Education Experts to the group, and marked a significant step forward in Manifest’s mission to increase access and opportunity for students around the world.

“By acquiring BridgeU, we’re able to support more schools and assist more students on their journey into higher education. Both BridgeU and Cialfo will continue to operate as separate platforms — ensuring schools have choice based on their specific needs. This is about combining expertise and accelerating our mission to open up more life-changing opportunities for students by connecting them with universities worldwide,” Pasari said.

Patrick Whitfield, CEO of BridgeU, said the acquisition was a timely opportunity to bring together the two companies for the benefit of students, schools, and universities.

“I believe that in Manifest Global, we’ve found a great new home for BridgeU. I’m excited to continue building on our relationships with schools and university partners — and to ensure we keep delivering the high-quality guidance that leads to outstanding outcomes for students,” said Whitfield.

About Manifest Global

Manifest Global is a global education investment firm headquartered in Singapore, specializing in building companies that connect the world towards growth, prosperity, and innovation. With a portfolio of brands including Cialfo, Explore, and Kaaiser, Manifest Global is dedicated to enhancing global student mobility and fostering an interconnected education ecosystem. It’s backed by prominent global funds including Susquehanna Asia Venture Capital, Square Peg, Tiger Global, SEEK Growth, DLF Ventures, Cercano Management, January Capital, and more. For more information, visit manifest.inc.

About BridgeU

Headquartered in London (UK), BridgeU’s mission is to connect global student talent with the best higher education opportunities worldwide and to help K-12 schools and universities alike to harness the advantages of relationships and digital solutions to drive international student mobility. The BridgeU university and careers guidance platform is used by international K-12 schools in over 140 countries to help students make smarter, more informed decisions about their global higher education and career pathways. BridgeU’s partnership services help universities to connect with the largest single community of international K-12 schools in the world and empower admissions teams to design truly student-centric recruitment strategies that align with institutional enrollment priorities. For more information about BridgeU, please visit bridge-u.com.

For media inquiries, please contact:

Ankit Chawla: ankit.chawla@manifest.inc
Jonah Duffin: jonah.duffin@bridge-u.com

Hong Kong Residential Market Post-Budget Sentiment Strengthens as Smaller-Sized Unit Transactions Pick Up

Grade A office rents remained under pressure in Q1, while a tourist inflow recovery is yet to boost retail market confidence

  • Smaller-sized residential units have been more sought-after following the relaxation of the maximum property value chargeable at a HK$100 stamp duty level as announced in the latest government budget speech, supporting first-hand residential sales. The total residential unit transaction number for Q1 climbed 24% y-o-y to reach 12,200 units.
  • The Grade A office market recorded positive net absorption of 143,700 sf in Q1, although the high availability rate saw the overall rental level soften further by 2.5% q-o-q.
  • Growing visitor arrival numbers in Q1 failed to drive up retail sales, with high-street rents across core retail districts adjusting within a +/-2% range q-o-q. However, an expected boost from the mega event economy is expected to be reflected later this year.

HONG KONG SAR – Media OutReach Newswire – 7 April 2025 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets Q1 2025 Review and Outlook press conference. Following the government’s announcement to raise the residential property maximum value chargeable at a stamp duty level of HK$100 from HK$3 million to HK$4 million in the latest budget speech, first-time home buyers and investors were more active, resulting in a significant uptick of transactions in March from the first two months of the year. However, overall home prices in Q1 continued to trend down as interest rates stayed at a relatively higher level.

In the Hong Kong office market, the Grade A sector recorded positive net absorption in Q1, although the abundant available space continued to weigh on the rental outlook. In the retail market, the structural changes seen in tourists’ and local residents’ consumption patterns continued to curtail retail sales performance, in turn hindering retail market rental grow. However, we expect that the city’s ongoing mega event program activity will support greater visitor arrivals and consequent retail sales in the coming few quarters.

Grade A office leasing market: New demand led by banking & finance sector, although new supply ensures continued high availability and pressure on rental levels

The Grade A office market achieved a sixth consecutive quarter of positive net absorption in Q1 2025, reaching 143,700 sf. Despite the positive leasing momentum, the citywide overall availability rate edged up q-o-q to 19.2%. The expanded availability was primarily due to the completion of THE CENDAS project in Kowloon East, bringing 352,800 sf of new Grade A space to the office market. Relocation and expansion activities from the banking & finance and insurance sectors were the key drivers of new leasing activity in the quarter, with the two sectors accounting for approximately 46% of total new leased area. Notable transactions included American hedge fund Point72’s commitment to a 49,500 sf space at The Henderson.

With incoming new supply and the availability rate remaining at a high level, the citywide overall Grade A office rental level softened further by 2.5% q-o-q to record HK$43.9 per sf per month. Compared with the peak of Q1 2019, the overall Grade A office rental level has now fallen by 42.2%.

Chart 1: Rents of Grade A offices in Hong Kong

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “Looking ahead, the recovery of Hong Kong’s initial public offering (IPO) pipeline and stock market performance, as well as the measures introduced by the Hong Kong Government to attract more global capital, enterprises, and family offices, should help support downstream demand from the finance sector, in turn underpinning the city’s office market sentiment. As current office rents are now discounted by more than 40% against the prior peak level, occupiers pursuing flight-to-quality strategies have greater options. In the coming three quarters of 2025, around 3 million sf of new supply is expected to enter the market. This presages a further intensifying of the competitive leasing environment. We expect the overall average office rental level to remain under pressure, with a decline of 7%–9% throughout 2025.”

Retail leasing market: Retail performance recovery missed expectations, high street rents mixed

The Hong Kong retail market has been unable to demonstrate a significant sales performance improvement despite the continued growth in tourist arrival numbers, predominantly due to the continued structural changes in the consumption preferences of visitors and locals. The city’s overall retail sales for the January to February 2025 period recorded HK$64.8 billion, representing a drop of 7.8% y-o-y.

Generally, inbound visitors from the Chinese mainland no longer focus their time on traditional shopping activities at malls. In turn, high-end categories in the city’s key retail sectors have been the most impacted. Retail sales in the Jewellery & Watches and Fashion & Accessories sectors declined 15.8% and 6.4% y-o-y in the first two months of January and February, respectively. The Supermarkets sector, which had performed steadily in the past few years, also recorded a 4.4% y-o-y drop. Meanwhile, Food, Alcohol & Tobacco; and Medicines & Cosmetics, were the only sectors to post growth, albeit modestly at within 1% y-o-y.

Leasing transactions in the Tsimshatsui retail district were relatively active, with landlords more willing to offer greater flexibility and rental discounts. In turn, this attracted tenants from different sectors along with Chinese mainland brands to expand into core districts, while also encouraging some local retailers to look for opportunities again. Key district vacancy rates in Kowloon remained stable with Tsimshatsui and Mongkok at 9.4% and 8.4%, respectively. Causeway Bay was the only core retail district to record greater vacancy in Q1, jumping to 5.3% from 0% in Q4 2024. The overall vacancy rate in Central dropped slightly q-o-q from 8.6% to 7.1%.

Overall high street retail rents in Tsimshatsui and Causeway Bay fell slightly at 2.3% and 1.0% q-o-q, respectively. In Mongkok, the entry of some aggressively moving tenants prompted a moderate q-o-q increase of 0.5%. The Central district overall rental level was unchanged. In the F&B sector, rental levels remained soft, with Causeway Bay and Mongkok falling in a range of 0.4% to 1.8% q-o-q. Tsimshatsui F&B rents remained unchanged, while the Central F&B sector saw a 0.5% uptick q-o-q, chiefly supported by high-end dining options.

Chart 2: High street retail rents in prime districts in Hong Kong

John Siu added, “In Q1, leasing activity on Haiphong Road was particularly active. Deals concluded during the quarter involved retailers that already have a presence in the area. Most of these retailers believe that the current rental level has dropped to an attractive level. In spite of the change in tourists’ spending patterns and uncertain sales levels, they are still willing to sign new leases as the costs become more controllable. We expect these uncertainties to stay in the short-term, hence hindering the pace of rental recovery. Looking ahead, we believe Chinese mainland retailers will continue to be the major source of new leasing demand in the market, to cater to the consumption habits and preferences of residents coming to Hong Kong from the mainland in recent years. The government’s efforts to promote tourism and the development of the mega event economy also led us to believe that the local retail market will gain support and receive a boost later this year with the successive hosting of mega events and concerts.”

Residential market: Relaxation of stamp duty policy supports transaction numbers recovery, price decline narrows by end of quarter

With the government’s relaxation of the stamp duty levy on properties priced up to HK$4 million in the February budget speech, coupled with the wealth effect brought by the stock market recovery at the start of the year, overall residential market sentiment improved in Q1. The residential transaction number in March strengthened significantly to close to 5,400 units, driving the total Q1 transaction number up 24% y-o-y to circa 12,200 units. As some buyers regained confidence to enter the market, developers seized the opportunity to launch new projects, leading to a pick-up in the primary residential market, with the proportion of first-hand sales expected to increase in March.

Chart 3: Number of residential sale & purchase agreements

Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield, commented, “Rating and Valuation Department data shows that overall residential prices continued to decline in February by 0.9% m-o-m, bringing a combined drop of 1.6% for the first two months of 2025. According to Cushman & Wakefield’s small- to medium-sized residential price index, home prices exhibited further fluctuations by correcting at around 1.7% in Q1. Among the residential unit sectors, price levels corrected most notably in City One Shatin, representing the small-sized sector, with a drop of 9.1% q-o-q. Prices fell by 2.2% in Taikoo Shing, representing the mid-sized sector, while prices at the luxury sector Residence Bel-Air saw an overall 7.4% decrease in Q1 2025. We expect that upcoming residential transactions will be mostly focused on smaller-sized units.”

Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “Although our Cushman & Wakefield verbal inquiry index in March rebounded by around 26% from the January low, and transaction numbers have risen to more than 5,300 units, the local property market is still constrained by the uncertainties brought about by recent global trade and economic conditions. Looking ahead, if the economy and stock market can stabilize again, and the U.S. Federal Reserve continues to cut interest rates within the year, it will support the residential transaction level, thereby stabilizing housing prices. Given that the current market conditions are more volatile than expected at the beginning of the year, some investors and potential buyers may adopt a wait-and-see approach again. We expect overall transaction numbers to be similar to last year, and property prices may fluctuate within a range of ±3% during the year.”

Please click here to download photos.

Photo 1: (From left to right) Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield; John Siu, Managing Director, Head of Project and Occupier Services, Hong Kong, Cushman & Wakefield, and Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield.

Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ().

SUEZ and partners commence construction of Philippines’ largest seawater desalination plant in Metro Iloilo

ILOILO CITY, Philippines, April 7, 2025 /PRNewswire/ — SUEZ, a global leader in environmental services, and JEMCO, a premier construction company in the Philippines, together with Metro Pacific Water, a key water and wastewater infrastructure investor fully-owned by Metro Pacific Investments Corp. (MPIC), commenced the construction of a seawater reverse osmosis (SWRO) desalination facility in Metro Iloilo— the largest of its kind in the Philippines. Slated to be completed in 24 months, this project will help address the critical shortage of drinking water in the region, supplying sustainable and reliable potable water to local communities.

The existing fresh water sources in Metro Iloilo have become severely strained and are no longer capable of meeting the increasing demand of the region. This situation has been exacerbated by seasonal fluctuations in rainfall, disrupting the replenishment of these finite water supplies, revealing the urgent need to identify and develop alternative sources of water to ensure the long-term sustainability of the region.

To tackle the region’s shortage of potable water, Metro Pacific Water awarded to SUEZ and JEMCO a project to design, build and operate a seawater reverse osmosis desalination facility. The SWRO desalination plant will have an estimated production capacity of 66,500 cubic meters per day, with over 97% of which to be supplied to the residents as drinking water, benefiting approximately 50,000 households. The remaining part will be used for the production of demineralised water to support the operation of the adjacent power plant.

As a leader of circular solutions for water and waste services for more than 160 years, SUEZ has 50 years of experience in seawater desalination, with over 260 desalination plants designed and built worldwide. This plant will incorporate SUEZ’s flagship technologies, such as the SeaDAF™ Filter which combines the dissolved air flotation technology and dual media gravity filter to treat seawater and remove algae, turbidity, suspended solids, and colloidal particles to reach a quality suitable to feed to the reverse osmosis membranes. Its compact design makes it suitable for installations where space is a premium.

A testimony to the strong partnership between SUEZ and JEMCO, this is the second project that the two entities have worked on together, with the first being a key water reclamation facility in Muntinlupa City, Metro Manila. SUEZ has a strong presence in the Philippines with a well-established local engineering platform and a professional team of local talents. The collaboration will leverage SUEZ’s expertise and technologies in seawater desalination, and benefit from the strong local experience and construction capabilities of JEMCO.

Iloilo City Mayor Jerry Treñas said: “This exceptional initiative seeks to ensure a consistent and reliable supply of potable water for Ilonggos, enhancing their quality of life while bolstering Iloilo’s infrastructure and driving economic growth.”

Christopher Andrew B. Pangilinan, CEO and President of Metro Pacific Water said: “MPW’s commitment to providing sustainable water solutions is at the heart of this project. It underscores our dedication to supporting Iloilo’s rapid growth and development. This innovative and sustainable desalination facility will provide a long-term solution to the water challenges of Iloilo.”

Augusto F. Manalo, President & CEO of JEMCO noted: “The large-scale Seawater Reverse Osmosis (SWRO) plant in Metro Iloilo is of vital importance to the region and one which would mark a major milestone to be the largest plant of its kind in the Philippines. We thank the Metro Pacific Water Investment Corporation for this opportunity to be able to deliver this critical infrastructure project. We are proud to be partnering once more with SUEZ, one of the world’s leading provider of solutions for sustainable management of resources. It has always been JEMCO’s mission to be a major contributor to nation building and we believe that being part of a project such as this further reinforces our drive to be true to our mission.”

Pierre Pauliac, Co-CEO of SUEZ and Chief Operating Officer Water said: “Given the critical water situation in the region, we are determined to secure a stable and reliable water supply for our customers by leveraging our 50 years of experience and technological know-how in seawater desalination worldwide. This collaboration is a testament to the trust our partners and clients place in us, and a new step in SUEZ’s expansion in Southeast Asia.”

SUEZ and partners commence construction of Philippines’ largest seawater desalination plant in Metro Iloilo.
SUEZ and partners commence construction of Philippines’ largest seawater desalination plant in Metro Iloilo.

About SUEZ:

Faced with growing environmental challenges, SUEZ has been delivering essential services that protect and improve our quality of life for more than 160 years. SUEZ provides its customers with innovative and resilient solutions for water and waste services. With 40,000 employees across 40 countries, the Group works with customers to create value over the full lifecycle of their assets and services, and to drive their low carbon transition. In 2023, SUEZ provided drinking water for 57 million people worldwide and sanitation services for more than 36 million people. The Group generated 7.7 TWh of energy from waste and wastewater. In 2023, SUEZ generated revenues of 8.9 billion euros. For more information: www.suez.com / X @suez / LinkedIn @SUEZ.

In Asia, SUEZ’s journey began some 70 years ago, first in Southeast Asia before expanding to China 50 years ago. With 6,500+ employees across Asia, SUEZ has built over 600 water and wastewater treatment plants. Together with our local partners, we also provide water and waste recycling and recovery services to 25+ million people and 22 industrial parks across the region. SUEZ is recognized as one of the most influential companies in China and a service benchmark for leading Asia’s environmental industry. Today, SUEZ works with municipal and industrial customers in more than 30 major cities and regions across China, manages China’s first PPP water contract in Macao, operates one of Asia’s largest hazardous waste incineration facilities in Shanghai, and has invested over RMB 6 billion in Chongqing.

Schneider Electric Announces Galaxy VXL UPS – the Industry’s Most Compact, High Density Power Protection System for AI, Data Center, and Large-Scale Electrical Workloads

  • New, ultra-compact UPS offers next-generation power protection for critical infrastructure environments, including AI-ready data centers, semiconductors, commercial, and industrial manufacturing facilities
  • Pioneering high-density design and fault-tolerant architecture maximizes availability and offers up to 99% efficiency while minimizing total cost of ownership
  • Includes enhanced safety and cybersecurity features, remote monitoring capabilities, and services plan for maximum lifespan and exclusive support

HONG KONG SAR – Media OutReach Newswire – 7 April 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, has announced the launch of its new Galaxy VXL – a highly efficient, compact, modular, scalable, and redundant 500-1250 kW (400V) 3-phase uninterruptible power supply (UPS), complete with enhanced cybersecurity, software, and safety features.

Galaxy VXL UPS
Galaxy VXL UPS

At just 1.2m2 with a power density of up to 1042 kW/m2, Galaxy VXL sets a new benchmark in efficient, sustainable, and advanced UPS technologies. Available immediately in all 400V IEC regions worldwide, Galaxy VXL delivers the highest levels of power performance for AI, colocation, and hyperscale data center environments, as well as large-scale critical infrastructure and electrical systems within commercial buildings and industrial facilities.

With its industry-first compact design, high-density power provision, and AI-load tolerant design, Galaxy VXL maximizes uptime and availability for the most energy-intensive infrastructure systems – being capable of powering up to 1.25 MW in one frame, and up to 5 MW with 4 units running in parallel, while increasing both operational and energy efficiencies to help minimize customers’ total cost of ownership (TCO).

Through its patented operating technologies, Galaxy VXL delivers up to 99% in its high-efficiency eConversion mode, and up to 97.5% efficiency in double conversion mode, providing Class-1 power protection alongside leading levels of energy reduction, while lowering the UPSs’ carbon emissions by a factor of two.

With a 52% smaller footprint compared with the industry average, its scalable, modular design also enables N+1 levels of redundancy to increase the system level of availability by a factor of 10. Further, through its modular architecture, customers can reduce their capital expenditure (CapEx) by purchasing power modules as they need them, enjoying optimized energy efficiency, and adding more power modules as demands grow.

Galaxy VXL is also compatible with both Lithium-ion and VRLA batteries, and with its Live Swap function, allows for greater uptime, availability, and easier serviceability – offering highly resilient, flexible, and predictable runtimes for data center, IT, and critical electrical loads. This is complemented by anywhere remote monitoring via Schneider Electric’s EcoStruxure IT software, and enhanced security and ethernet connections, which are certified to the latest IEC 62443-4-2 security standards, providing a completely secure and connected remote management experience.

“As dependency on large-scale infrastructure systems grows at an unprecedented rate, it’s crucial that customers can access the most sustainable, resilient, and efficient technologies to safeguard their critical systems, while minimizing their energy and environmental impact,” said Tarunjeet Sarao, SVP Data Center Systems, Schneider Electric. “Our new Galaxy VXL UPS combines a compact, innovative, and highly efficient design with enhanced safety features, providing world-leading power protection for a wide range of AI, data center, and industrial applications. This ensures the high-density workloads of the future are supported by unparalleled levels of reliability.”

Key features and benefits
Schneider Electric’s Galaxy VXL has been designed to offer record breaking power densities, and an AI-ready power architecture for the most energy-intensive workloads. For the first time, this new UPS provides customers with a 1.25 MW scalable and modular solution with 125 kW/3U power modules in 1.2m2 footprint, while being capable of supporting up to 1.25 MW of critical load in one frame and up to 5 MW with 4 units in parallel in only 4.8m2 space. Key benefits include:

  • Modular, scalable, high-power design: With a power density of 1042 kW/m2, customers can deploy a 1.25 MW modular UPS in a single frame, and add power modules incrementally via pay-as-you-grow flexibility.
  • Smaller footprint: Standing at 1.2m2, Galaxy VXL has a 52% footprint improvement compared with industry average, with full front access and no rear clearance, offering better power and space utilization.
  • Increased efficiency and sustainability: Galaxy VXL provides up to 99% efficiency in eConversion mode and up to 97.5% efficiency in double conversion mode. Its compact footprint means raw material reduction, less packaging, and includes SPoT (Smart Power Test) mode for UPS and Power Module testing, saving electricity.
  • Lower CapEx and OpEx: Improved operational and energy efficiencies provide a catalyst for lower electricity bills, and ease of service/maintenance equates to lower labor cost for a better TCO.
  • Reinforced, resilient design: Galaxy VXL utilizes conformal-coated boards, 100 kA short circuit rating and optional seismic kit for a robust mechanical design.
  • Enhanced cybersecurity and safety: Galaxy VXL is certified to the latest IEC 62443-4-2 security standards and includes Live Swap technology to allow power module replacements, with zero downtime.
  • Perfect for prefabricated data centers: With a smaller physical footprint, higher efficiency, and lower cost, Galaxy VXL provides a resilient backbone for the prefabricated data centers of the future.


Scaling up to customer demands for AI systems

To meet customer demands for AI systems, Schneider Electric has increased manufacturing and production capacity at a host of its global factories.

Additionally, Galaxy VXL will be available at Schneider Electric’s Sant Boi, Barcelona and Xiamen, China Factories, where it will be integrated to form the resilient backbone for Schneider Electric’s prefabricated, modular range of high-compute workload data center solutions.

Schneider Electric’s Galaxy VXL is available for order immediately. For more information, visit the website.

Related resources:

Hashtag: #EcoStruxure #UPS #Datacenter #AI

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

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on .

Desay Battery Unveils Latest Energy Storage Solutions at Middle East Energy Dubai 2025

HUIZHOU, China, April 7, 2025 /PRNewswire/ — Desay Battery, a pioneer in energy storage, presented its newest self-developed products and solutions at Middle East Energy Dubai 2025, the Middle East’s most influential exhibition for power and renewable energy. The participation underscored the company’s commitment to advancing sustainable energy technologies in the region.

The exhibition highlighted Desay Battery’s advanced battery cell technology, featuring a wide array of products. These included high-performance lithium-ion cells (DLP-100, DLP-280, DLP-314) and the innovative DSP-60 sodium-ion battery.

Beyond cell technology, Desay Battery introduced its modular energy storage systems, with scalable 100Ah and 280Ah lithium modules and 52S battery packs for versatile integration. For commercial and industrial use, the company presented the Lumos 215kWh and 344kWh C&I DC ESS energy storage cabinets. Residential offerings included 10-25kWh LV Residential ESS and 21kWh HV DCDC Residential ESS (280Ah), providing efficient, space-saving options for homes.

Additionally, Desay Battery displayed large-scale infrastructure solutions such as Vita 5MWh Utility ESS liquid-cooled container storage system for grid support and UPS battery cabinets for critical backup power as well.

“The Middle East is at a crucial stage in its shift to renewable energy, driven by a strong need for carbon reduction and economic change,” said Jerry Li from Desay Battery “Our participation in this exhibition underscores our expertise and innovation in energy storage solutions, specifically designed to endure the region’s challenging high-temperature and high-humidity environments and enables us to engage with industry professionals across the Middle East.”

With over 20 years of expertise in the lithium battery industry, Desay Battery has established itself as a leader in the development and design of lithium battery PACK, system integration, and smart manufacturing technology for high-end systems. The company offers one-stop services, including BMS/EMS design, integration, and testing. It also operates a modern automated production facility and a high-standard battery performance test lab. Desay Battery’s dedication to full lifecycle quality control, safety management, and innovative design has secured its position on Bloomberg’s Tier 1 energy storage ranking for Q1 2025.

As the Middle East energy storage market continues to evolve, Desay Battery is strategically positioned to expand its presence in the region. The company remains focused on providing high-quality, region-specific products and services, reinforcing its dedication to being a reliable and trusted partner in supporting the Middle East’s energy transition and renewable energy goals. For more information, please visit http://www.desayest.com

Top 10 New Tokens on MEXC Average 4,770% Growth in March

VICTORIA, Seychelles, April 7, 2025 /PRNewswire/ —  MEXC, a leading global cryptocurrency exchange, has released the latest information on the performance of trading operations on the platform, highlighting new milestones and delivering invaluable insights into overall market trends. The dynamics of the BSC ecosystem and specific actions taken by MEXC have allowed average prices on top tokens to excel by thousands of percent, and user numbers to swell, underscoring the importance of new instruments and sectors on general market traction.

Top 10 New Tokens on MEXC Average 4,770% Growth in March
Top 10 New Tokens on MEXC Average 4,770% Growth in March

Key Takeaways:

  • MEXC listed 129 new tokens in March, 42 of them hosted by the BSC ecosystem;
  • Average price of the top 5 trending tokens on BSC overstepped by 3,760%;
  • Top 10 new tokens achieved an average pricing of 4,770% in March, up fourfold from January and February;
  • MEXC introduced the 0% trading fees for SOL, HYPE, AAVE, and AIXBT, boosting user numbers by 17.8% month-over-month, and trading volume by 170%.
  • Among the top 10 new tokens in March, meme tokens made up half of March’s top 10 spots defying the recent downturn in the sector.

MEXC started March with news of listing 129 new tokens, 42 of which were hosted on the BSC ecosystem. The given number accounts for 32.6% of overall trading, highlighting the importance of the BSC for MEXC and the degree of the exchange’s penetration and integration with the ecosystem. Total spot trading for new tokens accounted for 50.8%, rising by 30.1% month-over-month. Overall trading volume spiked by 56.6%, up by 63.5% compared to February. These dynamics indicate that users are resorting to MEXC as a preferred venue for trading BSC-hosted tokens.

The BSC ecosystem took a leading role in the surge, with top 5 trending tokens reaching an average price increase of 3,760%. The uptrend was driven by MUBARAK, BUBB, and TUT, with 10,900%, 4,168%, and 2,000%, respectively. At the same time, the top 10 new tokens showcased an average price increase of 4,770%, up from 1,174% for the same token category in January and February. MEME tokens took up half of the leaders’ pedestal, with assets from the Infra, AI, and DePIN sectors taking up the remaining spots.

MEXC confirmed its position as a leader across multiple sectors of crypto asset trading, further solidifying its commitment to trading excellence by introducing the 0% Trading Fees Campaign. The action encompassed such pairs as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT. The campaign has already proven its effectiveness, with the number of traders of zero-fee pairs growing by 17.8% month-over-month, contributing to an overall 170.2% increase in trading volume. SOL/USDT trading pair led with an 186% increase in daily average trading volume and a 209% rise in market share (from 9.8% to 30.3%). RAY/USDT followed with a 27.8% share, while HBAR/USDT and HYPE/USDT rose by 115% and 165%, reaching 18.8% and 13.3% market share, respectively.

The general downturn in the crypto market throughout March of 2025 did not hinder MEXC from continuing to solidify its position as a leader in terms of trading volume growth. The exchange is taking a significant role in the ongoing expansion of the BSC ecosystem, which contributes new tokens to traders. MEXC is committed to remaining a market leader and delivering world-class service to traders at low trading costs with a broad array of innovations and lucrative trading opportunities.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

TCTM Announces US$2.0 million Private Placement of Class A Ordinary Shares

BEIJING, April 7, 2025 /PRNewswire/ — TCTM Kids IT Education Inc. (NASDAQ: TCTM) (TCTM or the Company), a leading provider of IT-focused supplementary STEM education services in China, today announced that it has entered into share purchase agreements with certain investors on April 1, 2025. Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 25,000,000 Class A ordinary shares of the Company for a total purchase price of US$2.0 million. The per share purchase price is approximately US$0.08, which is the closing sale price of the Companys American depositary shares (“ADSs) as reported by Nasdaq on March 31, 2025. Each ADS currently represents five of the Companys Class A ordinary shares.

Mr. Shaoyun Han, chairman of the Board., commented, The financing proceeds will support our expansion into the AI-driven medical software industry, further diversifying our business. We are pleased that investors have confidence in our strategic initiatives and expansion plans. Looking forward, we will continue to execute our strategic plans and strive to create long-term value for our investors.

The closings of the transactions are subject to the satisfaction of customary closing conditions and are expected to take place no later than April 7, 2025. The investors have each agreed not to sell, transfer or dispose of any securities acquired in the transactions for 180 days after their respective closing dates.

The foregoing description of the private placement and the share purchase agreement does not purport to be complete and is qualified in its entirety by the full text of the form of share purchase agreement attached as an exhibit to a Current Report on Form 6-K to be filed with the U.S. Securities and Exchange Commission.

The sale and issuance of the Class A ordinary shares are exempt from registration under the Securities Act of 1933, as amended (the Securities Act) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving a public offering and is made in reliance on, and in compliance with, Regulation D and/or Regulation S under the Securities Act, as applicable.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About TCTM Kids IT Education Inc.

TCTM is a leading provider of IT-focused supplementary STEM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, TCTM offers IT-focused supplementary STEM education programs, including computer coding and robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage “code to learn,” TCTM embraces the latest trends in STEM education and technology to develop children’s logical thinking and learning abilities while allowing them to discover their interests and potential.

Safe Harbor Statement

This current report contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, confident and similar statements. TCTM may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about TCTMs beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.