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LG PARTNERS WITH KIA TO PRESENT AI-POWERED MOBILITY SPACE SOLUTIONS

Company Redefines In-Vehicle Experience with Smart Home Solutions Delivering Tailored Mobility Experiences

SEOUL, South Korea, April 3, 2025 /PRNewswire/ — LG Electronics (LG) is presenting the Spielraum concept car in collaboration with Kia at the 2025 Seoul Mobility Show, taking place at KINTEX in Ilsan, Korea, from April 3-13. This partnership, formalized through a Memorandum of Understanding, aims to seamlessly combine LG’s AI-driven smart life solutions with Kia’s Platform Beyond Vehicle (PBV) technology, creating a distinctive mobility space experience.

LG introduces the Spielraum concept car, merging LG's AI-powered smart life solutions with Kia's PBV technology, at the 2025 Seoul Mobility Show.
LG introduces the Spielraum concept car, merging LG’s AI-powered smart life solutions with Kia’s PBV technology, at the 2025 Seoul Mobility Show.

Through this partnership, LG and Kia seek to enhance the PBV experience, transforming everyday mobility into a seamless and convenient lifestyle extension. Integrated LG appliances – such as a refrigerator, air conditioner and Styler – allow users to transform their vehicle into a mobile office or studio.

Debuting at the 2025 Seoul Mobility Show, the Spielraum Studio and Spielraum Glow cabin concepts demonstrate how users can customize their vehicle space to fit their unique lifestyles. Spielraum Studio, designed for entrepreneurs who travel frequently and need both workspace and storage, features LG’s modular Styler, smart mirror and a coffee machine – all optimized for the interior of the PV5, Kia’s first dedicated PBV. AI-powered personalized assistance further enhances convenience, offering optimized clothing care settings based on the user’s schedule.

Spielraum Studio, designed for entrepreneurs who travel frequently with the need of both workspace and storage, features LG's modular Styler, smart mirror, coffee machine etc.
Spielraum Studio, designed for entrepreneurs who travel frequently with the need of both workspace and storage, features LG’s modular Styler, smart mirror, coffee machine etc.

Catering to a different lifestyle, the Spielraum Glow cabin targets the rising trend of car picnics and camping. Equipped with LG’s refrigerator, Lightwave oven and wine cellar, it elevates outdoor experiences with next-level convenience. Additionally, all integrated appliances feature MoodUP™ panels, allowing users to customize their space with dynamic color options that match their preferences.

Spielraum concept car demonstrates how users can customize vehicle space with LG's solutions to suit various lifestyles.
Spielraum concept car demonstrates how users can customize vehicle space with LG’s solutions to suit various lifestyles.

At the heart of the Spielraum concept is the LG ThinQ ON™, an AI-powered home hub that provides highly personalized experiences. By leveraging generative AI, it enables interactive conversations, optimal control of in-vehicle appliances and efficient schedule management. Beyond providing useful information such as weather and traffic updates, the system can connect to external services, including food delivery, laundry and restaurant reservations.

Expanding the boundaries of AI-driven living based on the company’s vision of Affectionate Intelligence, LG introduced the LG Mobility Experience (MX) platform at CES 2025. This approach extends AI’s role beyond residential spaces into everyday environments such as commercial and mobility spaces, creating personalized spaces for work, relaxation and entertainment. By seamlessly connecting mobility with AI home solutions, LG is redefining how people interact with their surroundings, offering multifunctional and adaptive living spaces.

LG and Kia have signed a Memorandum of Understanding(MOU) to cooperate in expanding LG's space experience and solution beyond vehicles.
LG and Kia have signed a Memorandum of Understanding(MOU) to cooperate in expanding LG’s space experience and solution beyond vehicles.

“We are excited and proud to bring our advanced AI space solutions to the PBV mobility market through this collaboration with Kia,” said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. “This collaboration provides an important opportunity to expand LG Electronics’ ‘AI Space Solution,’ serving as a stepping stone to create new AI-powered lifestyle experiences beyond the home, across mobility and other everyday spaces”. 

About LG Electronics Home Appliance Solution Company 

The LG Home Appliance Solution Company (HS) is a global leader in home appliances and AI home solutions. By leveraging industry-leading core technologies, the HS Company is committed to enhancing consumers’ quality of life and promoting sustainability. The company develops thoughtfully designed kitchen and living appliance solutions and has recently integrated LG’s Robot Business Division to incorporate advanced robot technologies into its home solutions. Together, these products offer enhanced convenience, exceptional performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.

Bybit and Zodia Custody Partner to Enhance Asset Security

Zodia Custody’s Interchange solution will offer Bybit’s institutional clients independent custody and off-venue settlement to support secure institutional trading.

LONDON, April 3, 2025 /PRNewswire/ — Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, and Bybit, the world’s second-largest cryptocurrency exchange by trading volume, have joined forces to bring secure, segregated custody and off-venue settlement to Bybit’s institutional clients.

In engaging with digital assets, institutional investors require the assurances of regulatory compliance and robust security measures to protect their capital. Amid heightened industry scrutiny, there is a corresponding demand for credible infrastructure that addresses the potential weaknesses of on-exchange settlement, including centralised control and counterparty risk.

Zodia Custody’s Interchange solution addresses these security concerns by providing independent asset custody via regulatory-grade infrastructure. Through Interchange, institutional users can deploy capital for immediate trading on Bybit while their assets remain securely held with  Zodia Custody – ensuring full segregation, no co-mingling, and significantly reduced exposure to exchange-side risks. This design neutralises counterparty risk and removes the need to pre-fund exchange accounts, enhancing both capital efficiency and operational integrity.

This partnership elevates security and compliance standards across the digital asset trading space, offering institutional clients access to Bybit’s best-in-class trading infrastructure with the safety of Zodia Custody’s off-venue settlement.

Julian Sawyer, CEO of Zodia Custody, commented: “Institutional clients need more than speed – they need to know their assets are held securely, off-exchange, and fully under their control. As leading players in the industry, Zodia Custody and Bybit have a shared responsibility to provide tailor-made solutions to increase security and protect capital for the institutions that use our services. That’s what we’re delivering through this partnership. With Interchange, we’re enabling Bybit’s clients to access trading liquidity without compromising on custody standards, counterparty risk, or capital efficiency. It’s custody and settlement built for institutions, not retrofitted for crypto.”

Shunyet Jan, Head of Institutional and Derivatives at Bybit, added: “At Bybit, our mission is to provide institutional-grade solutions that meet the evolving needs of sophisticated investors. Our partnership with Zodia Custody underscores our dedication to compliance, security, and innovation in the digital asset space. Zodia Custody’s reputation as a trusted, highly regulated custodian makes it the ideal partner to safeguard our clients’ assets while enhancing capital efficiency. Together, we are setting new standards for the institutional adoption of digital assets.”

Certified under SOC 1 Type I and II and built for institutions from the ground up, Zodia Custody serves regulated financial institutions, government bodies, crypto platforms, and hedge funds across specific global markets – delivering trust, transparency, and uncompromising security at scale.

This partnership marks a decisive shift toward secure, compliant infrastructure in crypto markets – one where institutions can finally move at speed, without sacrificing safety.

About Zodia Custody

Zodia Custody is an institution-first digital assets platform backed by Standard Chartered, in association with Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. Through the combination of its custody, treasury, and settlement solutions with consultancy and middle office operations, Zodia Custody enables institutional investors around the globe to realise the full potential of the digital assets future – simply, safely, and without compromise. It operates under authorisations granted by the Financial Conduct Authority, Central Bank of Ireland, Commission de Surveillance du Secteur Financier, and Hong Kong Companies Registry.

Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody (Ireland) Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider with License Number TC009245 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.

For further information on Zodia Custody, please visit: https://zodia-custody.com/

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
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OSL Launches Wealth Management Platform for Crypto Assets in Hong Kong

HONG KONG, April 3, 2025 /PRNewswire/ — OSL Group (863.HK), a publicly listed company fully dedicated to crypto assets, today announced the launch of OSL Wealth, a wealth management platform tailored for traditional investors managing crypto assets. OSL Wealth is now available on OSL in Hong Kong, enabling the Group to capitalise on the city’s strategic benefits as a global financial hub, and furthering its commitment to global expansion and innovation.

OSL Wealth is a crucial new offering of OSL in Hong Kong, a key division of the Group. It empowers traditional professional investors to explore diversified investment strategies within the digital asset market. Leveraging the company’s prime brokerage, OTC trading, crypto exchange platform, and custody services, OSL Wealth delivers a comprehensive suite of wealth management solutions, providing professional users with access to tokenised treasury assets, RWA solutions, crypto-structured products and quantitative crypto investment funds, all within an enhanced customer experience.

OSL, the first insured and SFC-licensed digital asset platform in Hong Kong, upholds the highest standards of security and regulatory compliance. OSL Wealth offers expert-driven, secure, and compliant wealth management solutions, crafted to address the sophisticated needs of VIP and institutional investors and strategically designed to capitalize on opportunities in the burgeoning digital assets market.

Eugene Cheung, Chief Commercial Officer of OSL Hong Kong said, “The launch of OSL Wealth marks a significant milestone in our commitment to empowering professional investors with a robust gateway to the crypto assets market. Drawing upon our expertise in crypto asset management, advanced tools and professional services, professional investors can effectively manage their financial needs in this evolving space.”

According to a report, the global cryptocurrency market is projected to reach US$5 trillion by 2030, at a robust CAGR of 15.4% from 2024 to 2030. This growth is largely driven by increasing institutional adoption as traditional companies are attracted to digital assets.

About OSL Hong Kong

Backed by Asia’s leading public fintech and digital asset company, OSL Group (863.HK), formerly BC Technology Group, OSL Hong Kong is the first SFC-licensed and insured digital asset platform. Founded in 2018, OSL Hong Kong has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed crypto asset solutions.

OSL Hong Kong offers Markets services (brokerage, exchange, and custody) and SaaS technology services, which deliver institutional clients in addition to professional and retail investors access to global liquidity through its best-in-class digital asset platform. Its secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.

As digital assets evolve, OSL leads with compliance-first expansion—now in Japan, Australia, and beyond—delivering secure, tailored solutions worldwide.

For more information, visit: osl.com

Pole Star Global Appoints 2 Key Executives to Catalyze Innovation and Accelerate Growth

LONDON and NEW YORK, April 3, 2025 /PRNewswire/ — Pole Star Global, the leader in maritime intelligence and regulatory compliance solutions, announced the appointment of two key strategic executives, accelerating their mission to deliver next-generation maritime risk analytics and operational intelligence. Matt Morgan joins as Chief Product Officer (CPO), and Saleem Khan joins as Chief Data & Analytics Officer (CDAO). Both leaders bring decades of experience in maritime technology, data analytics, and risk management. Their expertise and leadership will play pivotal roles in driving Pole Star’s next phase of innovation and global expansion.

“These appointments mark an exciting new chapter for Pole Star,” said Bob Skea, CEO of Pole Star Global. “Matt and Saleem bring complementary expertise and a shared vision for advancing our product, data and predictive analytics and AI strategy. Their contributions will be instrumental as we continue to deliver maritime solutions that enhance counterparty transparency, manage risk, and create value for our customers across the entire ecosystem.”

Matt Morgan Appointed Chief Product Officer

Leveraging his 16 years of experience in maritime technology and data analytics, Matt Morgan will lead Pole Star’s product strategy, aligning the company’s industry-leading solutions with the evolving needs of the global maritime ecosystem. His strategic initiatives will integrate Pole Star’s capabilities across its diverse customer base and ensure a unified product vision that leverages the company’s proprietary insights, robust technology and deep expertise.

“Matt is the kind of leader that will have a significant impact on the entire market. His vision for the future of our industry and his ability to execute at a high level will be critical as we expand our offerings,” Skea said.

Morgan previously served as Founder and CEO of FreightFlows, a maritime data analytics company. His career spans container shipping, commodity trading, and supply chain visibility solutions, giving him a comprehensive view of the challenges and opportunities facing maritime stakeholders.

“At its core, Pole Star is a trusted third party in global trade, uniquely positioned to bring transparency and security to an industry that thrives in opacity,” Morgan said. “Since Polestar is not a broker, carrier, or cargo owner—we serve as a neutral conduit, making global trade safer and more efficient.”

Morgan will spearhead the evolution of Pole Star’s solutions, including innovations in AI risk analytics, sanctions compliance, and operational intelligence. He will also lead Pole Star Labs, the company’s innovation hub focused on advancing next-generation technologies.

Saleem Khan Appointed Chief Data & Analytics Officer

20 years of deep experience in financial services, data insights and risk management have prepared Saleem Khan for his new role as Chief Data & Analytics Officer. Khan will oversee Pole Star’s strategic “growth pillars,” focusing on the creation and commercialization of new data-driven products, robust risk analytics capabilities, and prescriptive actionable insights that help Pole Star customers navigate complex regulatory and operational environments.

“Saleem’s expertise is precisely aligned to what the maritime industry needs when you consider the tumultuous landscape of regulatory, commercial and security concerns,” Skea said. “His deep expertise in insight-fueled decisioning, financial services and risk ratings, along with his proven track record of building data and analytics solutions, makes him perfectly suited to lead the expansion of our portfolio.”

Khan has held senior roles at Standard & Poor’s and Dun & Bradstreet where he developed risk rating methodologies and leveraged complex data sets for financial services and government stakeholders. Notably, at Dun & Bradstreet, Khan integrated shipping data into supplier risk ratings, demonstrating his expertise at the intersection of maritime data and risk analysis.

“Pole Star is uniquely positioned in global trade, we deliver unbiased risk analytics and intelligence that  the maritime industry relies on to navigate today’s challenges,” Khan said. “My focus is on expanding our data and analytics offerings to create measurable value for our customers—whether they are examining growth opportunities, managing compliance risk or seeking operational efficiency.”

Khan and Morgan will collaborate closely with Pole Star’s executive team to bring new solutions to market and ensure the company remains the partner of choice for global finance leaders, sovereign governments, ship operators, and trade organizations.

About Pole Star Global

Pole Star Global provides industry-leading maritime intelligence solutions designed to help organizations mitigate risk, ensure regulatory compliance, and enhance operational efficiency across the global supply chain. For over 25 years, Pole Star has been a trusted partner to governments, financial institutions, ship operators, and global businesses, delivering innovative technology solutions that safeguard trade, vessels, and reputations worldwide.

For more information on Pole Star Global, visit www.polestarglobal.com.

XCMG Races Against Time: Heavy Machinery Restores Lifelines in Myanmar-Thailand Earthquake Rescue

Global Construction Leader Deploys Nearly 20 Units of Equipment and 150 Personnel to Race Against “Golden 72-Hour” Deadline

YANGON, Myanmar and BANGKOK, April 3, 2025 /PRNewswire/ — On March 28, 2025, at 12:50 Myanmar time (GMT+6:30), a catastrophic 7.9-magnitude earthquake struck Myanmar, causing severe infrastructure damage and triggering secondary disasters in northern Thailand. With tens of thousands trapped under rubble and critical roads destroyed, XCMG Machinery (“XCMG”), an Asian leading construction machinery manufacturer, immediately activated its global emergency response protocol to support life-saving operations across both countries.

XCMG Races Against Time: Heavy Machinery Restores Lifelines in Myanmar-Thailand Earthquake Rescue
XCMG Races Against Time: Heavy Machinery Restores Lifelines in Myanmar-Thailand Earthquake Rescue

Adhering to the critical “golden 72-hour” window for earthquake rescue, XCMG coordinated its regional networks to prioritize speed and precision:

  • Myanmar Operations: Local teams in Yangon and Mandalay partnered with clients to deploy 12 units of excavators, cranes, and loaders within 4 hours, focusing on urban residential rescue missions.
  • Thailand Operations: The Bangkok subsidiary dispatched 8 units of aerial work platforms and demolition equipment overnight to assist in high-rise collapse scenarios, working directly with Thai disaster command centers.

To streamline communication and ensure real-time coordination, XCMG has also launched dedicated 24/7 emergency hotlines:

  • Myanmar: +95 968 1253 790 (Chinese/Myanmar)
  • Thailand: +66 97 0313098 (Chinese/Thai)

In the last 5 days, XCMG’s cranes executed delicate debris removal in Yangon, while Thai crews utilized hydraulic cutters to extract survivors from collapsed buildings. Over 150 local employees and technical experts operated machinery nonstop, ensuring equipment arrives ahead of personnel” to accelerate access to trapped victims.

“Disasters know no boundaries, and neither does our responsibility,” said Mr Dong Ming, the XCMG spokesperson. “Our teams are trained to act decisively, blending engineering expertise with humanitarian urgency.”

XCMGs emergency response teams have achieved significant milestones in their cross-border rescue operations. Within the first 24 hours, crews in Myanmar successfully cleared over 50 critical roadblocks, restoring vital access routes for aid delivery and evacuation efforts.

XCMG personnel and equipment remain active across 5 disaster zones located in Myanmar and Thailand. The companys integrated fleet, capable of demolition, debris clearance, and material transport, continues to collaborate with local authorities to restore infrastructure access.

For more information, please visit https://www.xcmgglobal.com/.

About XCMG Machinery

XCMG Machinery is a multinational heavy machinery manufacturer, committed to driving sustainable progress through engineering excellence. With a presence in over 190 countries, the company integrates innovation with social responsibility to empower communities worldwide.

G-P Named Top Global Leader in the 2025 SPARK Matrix for Employer of Record (EOR) Solutions by QKS Group

G-P recognized for AI innovation, robust compliance infrastructure, best-in-class partner network and integrations and industry-leading customer support

BOSTON, April 3, 2025 /PRNewswire/ — REMOTE FIRST COMPANY — G-P (Globalization Partners), recognized as the undisputed leader in global employment by industry analysts, today announced it has been named the top global leader in the QKS Group 2025 SPARK Matrix™: Employer of Record (EOR) Solutions report. G-P achieved the highest position among all vendors, securing the top ranked spot in the “SPARK Leaders” category for both customer impact and technology excellence.

The QKS Group 2025 SPARK Matrix: Employer of Record Solutions.
The QKS Group 2025 SPARK Matrix: Employer of Record Solutions.

“With strong performance across the parameters of technology excellence and customer impact, G-P has firmly established itself as the leader in the global employment market,” said Ritvick Singh, Analyst at QKS Group. “G-P has an exceptional ability to streamline global workforce management and global compliance across more than 180 countries. Its robust global employment product portfolio, including the Global HR Agent G-P Gia™ and AI-enabled G-P EOR and G-P Contractor products, provide a comprehensive set of capabilities and support, making it the ideal choice for businesses looking to expand globally with confidence and to enhance overall HR functionality.”

G-P’s continued recognition as the industry leader is built upon a foundation of deep expertise and continuous innovation, ensuring customers receive the most reliable solutions available.

“As the undisputed leader in global employment, G-P is setting the standard for what businesses around the world should expect from EOR and global employment technology,” said Nat Natarajan, chief product and strategy officer at G-P. “Our recognition as the top global leader by QKS Group underscores our unwavering dedication to delivering the best of the best. We’re proud to lead the industry forward, empowering companies to build and manage global teams quickly and compliantly.”

Learn more about G-P and its industry leadership here.

About G-P
G-P is the recognized leader in global employment, delivering everything companies of all sizes need to manage the full employee lifecycle. G-P offers a robust suite of products, including the trusted Global HR Agent, G-P Gia, and AI-enabled Employer of Record (EOR) and Contractor products. G-P supports teams in 180+ countries with more than a decade of global employment experience, the largest team of in-country HR, legal, and compliance experts, and its unmatched proprietary knowledge base.

G-P: Global Made Possible™
To learn more, please visit: g-p.com or connect with us via LinkedIn, X, Facebook or check out our Blog.

OSR Holdings, Inc. (NASDAQ: OSRH) Enters Into $80 Million Common Stock Purchase Agreement With White Lion GBM Innovation Fund, With An Eye Towards Leveraging Innovate GBM’s Non-Profit Ecosystem to Accelerate Glioblastoma Therapies

SEOUL, South Korea, April 3, 2025 /PRNewswire/ — OSR Holdings, Inc. (“OSR”) (NASDAQ: OSRH), a global healthcare company focused on advancing innovative therapies, today announced that it has entered into a Common Stock Purchase Agreement with White Lion GBM Innovation Fund (“Innovation Fund”). Under this agreement, OSR has the right, but not the obligation, to sell up to $80 million in common stock to Innovation Fund over time, which will prospectively provide OSR with critical funding to accelerate its mission of improving patient outcomes worldwide.

Transforming Global Healthcare Through Innovation

OSR Holdings is committed to transforming the healthcare landscape through a diverse portfolio of cutting-edge biomedical initiatives. The company’s global network spans the United States, Europe, and Asia, focusing on oncology, immunotherapy, and medical devices. Among its key subsidiaries, OSR is advancing Vaximm, a Swiss-based biotech developing a novel GBM vaccine (VXM01) aimed at enhancing immune response against glioblastoma.

“This transaction is a major cornerstone in our plans to bring transformative therapies to market,” said Peter Hwang, CEO, OSR Holdings. “Glioblastoma remains one of the most challenging cancers, and we anticipate that establishing this financing facility will enable us to advance our Vaximm immunotherapy platform and other innovative healthcare solutions.

“We anticipate that this collaboration with Innovation Fund will also introduce our Vaximm VXM01 program into Innovate GBM’s ecosystem of researchers, clinicians, regulatory experts, investors, policymakers, and patient advocates; the same ecosystem that initially connected OSR and Innovation Fund. Together, we are committed to transforming glioblastoma treatment from a fragmented approach to one characterized by cooperation, transparency, and progress,” said Constance Höfer, CSO, OSR Holdings.

Innovate GBM: Expanding the Ecosystem to De-Risk Investment

Innovate GBM is a 501(c)(3) nonprofit that is dedicated to centralizing and expanding the glioblastoma innovation ecosystem. Innovate GBM unites scientists, clinicians, investors, patient advocates, and regulatory experts, creating an interconnected community that streamlines collaboration, amplifies resources, and accelerates investment into glioblastoma R&D. By bridging biotech companies, research institutions, and capital providers, Innovate GBM facilitates efficient funding toward promising therapies, moving groundbreaking research from academia into clinical settings rapidly. The OSR and Innovation Fund transaction is an example of the ecosystem at work.

“This transaction embodies Innovate GBM’s core vision,” said Kush Thukral, Co-Executive Director of Innovate GBM. “By bringing OSR Holdings and the GBM Innovation Fund together in our collaborative ecosystem, we accelerate capital deployment, enhance innovation, and ensure promising therapies reach patients faster.”

White Lion GBM Innovation Fund: A Strategic Investment Partner

The White Lion GBM Innovation Fund, one of Innovate GBM’s core sponsors, focuses on strategic funding opportunities in glioblastoma drug development. The Innovation Fund leverages the ecosystem curated by Innovate GBM to gain insights from the GBM community—including neuro-oncologists, scientists, and patient advocacy groups—to guide capital allocation toward the most impactful opportunities.

About OSR Holdings, Inc.

OSR Holdings, Inc. is a global healthcare company dedicated to advancing biomedical innovation. Through its subsidiaries, OSR is engaged in oncology immunotherapies, degenerative disease biologics, and medical device distribution. OSR’s vision is to acquire and operate a portfolio of innovative healthcare companies, improving patient care through cutting-edge research and development. For more information, visit www.OSR-Holdings.com

About Innovate GBM

Innovate GBM is a 501(c)(3) nonprofit organization dedicated to expanding the glioblastoma ecosystem by uniting researchers, investors, clinicians, and patient advocates. By centralizing resources and facilitating strategic partnerships, Innovate GBM helps de-risk investment into GBM innovation, ensuring that funding flows efficiently to the most promising treatments. For more information, visit www.InnovateGBM.org.

Contact

ir@osr-holdings.com 

Pony.ai Europe Secures Luxembourg Robotaxi Testing Permit

GUANGZHOU, China, April 3, 2025 /PRNewswire/ — Pony.ai Europe, the European division of global autonomous driving leader Pony.ai (NASDAQ: PONY), has obtained a scientific testing permit for Level 4 autonomous driving from Luxembourg’s Ministry of Mobility and Public Works, the company announced today. This authorization expands Pony.ai’s global testing portfolio, building on existing permits in China, the United States, and South Korea.

This milestone follows the company’s establishment of Luxembourg as a European hub for research, development, and deployment. The initiative aims to accelerate autonomous driving innovation and integrate self-driving technologies into the country’s next-generation transportation network.

Luxembourg’s Minister for Mobility and Public Works Yuriko Backes said: “The issuance of the testing permit marks an important milestone for the future of mobility. Autonomous driving is a major innovation that can transform our daily lives. The government is pleased to support companies like Pony.ai in their quest for new technologies and is committed to supporting initiatives that aim to make mobility safer and more efficient.”

Under the newly granted permit, Pony.ai will commence on-road testing in collaboration with Emile Weber, Luxembourg’s premier mobility solutions provider. The collaboration leverages Emile Weber’s expertise in delivering integrated mobility solutions across public transit, private transportation, and tourism sectors.

Dr. James Peng, Co-founder and CEO of Pony.ai, commented: “Pony.ai is honored to be among the first companies awarded a permit for autonomous vehicle testing in Luxembourg. Establishing our European hub in Luxembourg reinforces our commitment to making it the leading destination for autonomous mobility in Europe. This commitment is further strengthened through our partnership with Emile Weber, one of the region’s most respected transportation providers.”

About Pony.ai Europe

Pony.ai Europe (Pony.ai Europe S.à r.l.) is the European division of Pony.ai, a global leader in autonomous driving technology. Headquartered in Luxembourg, the company is well-positioned to expand its cutting-edge autonomous mobility solutions across Europe. Luxembourg’s status as an innovation hub provides an ideal environment for Pony.ai to advance its research and operations.

About Pony.ai

Pony AI Inc. (“Pony.ai”) (NASDAQ: PONY) is a global leader in the large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology – a full-stack autonomous driving technology that seamlessly integrates its proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases.

Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East, and other regions, ensuring widespread accessibility to its advanced technology. Pony.ai is among the first in China to obtain licenses to operate fully driverless vehicles in all four Tier-1 cities in China (Beijing, Guangzhou, Shanghai, Shenzhen) and has begun to offer public-facing, fare-charging robotaxi services without safety drivers in Beijing, Guangzhou and Shenzhen. Pony.ai operates a fleet consisting of over 250 robotaxis. To date, Pony.ai has driven nearly 25 million miles (40 million Kilometers) on open roads worldwide.

Media Contact
Media@pony.ai