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Neusoft Showcases Multiple Innovative Products at Automotive World 2025

TOKYO, Jan. 24, 2025 /PRNewswire/ — Recently, Automotive World 2025, the world’s leading exhibition for advanced automotive technologies, was successfully held in Tokyo, Japan. Neusoft Corporation (Neusoft, SSE:600718) showcased a variety of core technology products and solutions, demonstrating to global automakers and partners its cutting-edge technological achievements and innovative industrial collaboration practices in the field of intelligent vehicle connectivity.

Japan is one of the important automotive markets in the world, and its automotive industry has continued to flourish in recent years, with a surge in the demand for intelligent vehicle connectivity products. Over the years, the Japanese market has been a key region for Neusoft to continuously expand its presence, seek greater market growth, and achieve technological innovation and industrial collaboration for win-win results.

Neusoft’s standout highlight at the exhibition was the launch of its brand-new NAGIC intelligent cockpit software platform. As a cockpit software solution designed for the global market, it combines the remarkable advantages of low cost and high performance, while covering all typical basic cockpit functions worldwide. Furthermore, it has greatly strengthened the in-cabin and out-of-cabin visual technology capabilities, including AVM (All-around View Monitor) and DMS (Driver Monitoring System), and broadly integrating diverse global ecosystem resources to provide highly competitive solutions from Neusoft to various vehicle models for OEMs. This product made its debut in Japanese market and will be promoted globally in the future to provide customized functions and services for automakers worldwide.

In addition, Neusoft also showcased its intelligent cockpit products that are compatible with multiple hardware platforms, multi series of intelligent communication products, the OneCoreGo® Global In-Vehicle Intelligent Mobility Solutions 5.0, along with the latest applications of software products and services tailored to different markets and user needs. With these innovative products and solutions, Neusoft received widespread attention at the exhibition.

Amidst the booming development of automotive industry, Neusoft has consistently maintained its innovative vitality and forward-thinking layout. Moving forward, Neusoft will continue to uphold its globalization strategy, engaging in deep cooperation with global ecosystem partners, to facilitate the efficient transition to intelligent vehicles for global automakers, and contribute to building an interconnected, intelligent, and convenient mobility ecosystem.

For more information about Neusoft, please visit www.neusoft.com.

Kexing Biopharm Participates in the 17th Biotech Showcase, with Multiple Innovation Pipelines Gaining Attention

SHENZHEN, China, Jan. 24, 2025 /PRNewswire/ — From January 13 to 16, Dr. Huiming Li, Deputy General Manager of Kexing Biopharm New Drug Research Center, attended the 17th Biotech Showcase Conference in San Francisco and the Global Biopharma Symposium hosted by Jones Day & MSQ Ventures.

The Jones Day & MSQ Ventures Pre-JPM Symposium builds impactful partnerships for top leaders and investors in the biotechnology and pharmaceutical sectors, providing an opportunity to gain insight into the latest industry trends. The Biotech Showcase brings more than 400 selected global companies together, covering diverse fields such as innovative biopharmaceuticals, biotechnology platforms, digital health and diagnosis, attracting investors with more than USD 400 billion capital and active partners in the life science field.

On the first day of Biotech Showcase on January 13, Dr. Huiming Li introduced Kexing Biopharm’s innovative antibody technology platform KX-BODY and fusion protein technology platform KX-FUSION, as well as a number of anti-tumor and autoimmune pipelines built upon the two platforms, especially the new antibody that is about to enter the clinical trial stage for the treatment of cancer cachexia by targeting GDF-15, an emerging target. Kexing Biopharm’s GB18 (target: GDF-15) program is intended to treat cancer cachexia and cachexia caused by other chronic diseases such as heart failure. The GB18 molecule has a unique nanobody-Fc fusion structure (VHH-Fc), and the Company has completed the submission of an international patent portfolio. In the preclinical research stage, GB18 has shown potent efficacy in a number of cancer cachexia models in mice, including HT1080 (human fibrosarcoma), Renca (mouse kidney tumor) and MC38-hGDF15 overexpression (mouse colon cancer) and chemotherapy-induced cachexia model by cisplatin, as well as MCT-induced heart failure model in rats. In addition to significant increase in body weight, muscle and fat weight, cachectic mice treated with GB18 also show pronounced improvement in motor function. According to the preclinical PK data, the clinical dosing frequency is predicted to be once per 3-4 weeks. In terms of CMC, GB18 shows good stability, and an expression yield of more than 10.0 g/L, and ultra-high solubility (more than 200 mg/mL), supporting the development of subcutaneous injections. At present, its 6-month stability data is favorable based on analysis of samples from two GMP batches at a scale of 200 L. As to the toxicology, the 13-week repeated dose toxicity studies of GB18 have been completed in rats and cynomolgus monkeys. No significant toxic reactions were observed in the two animal species, and the NOAELs were at a high dose. We believe that in the near future, this anti-GDF15 antibody will play an important role in improving the quality of life and restoring health for patients with cancer or other chronic diseases.

After the conference, Dr. Huiming Li interacted with a number of well-known pharmaceutical companies and investment institutions, introducing the Company’s pipeline, such as GB05 “Human Interferon α1b Inhalation Solution”, GB18 for tumor cachexia (target: GDF-15), GB12 for atopic dermatitis (target: IL-4R/IL-31R), GB19 for lupus erythematosus (target: BDCA2), and GB24 (TL1A bispecific-antibody) for inflammatory bowel disease. Among them, GB12, GB18 and GB24 have received much attention. For GB24, one of its targets is TL1A, a popular target in the field of inflammatory bowel disease (IBD) that has seen several major transactions recently. In addition to TL1A, GB24 also targets another emerging pathway in IBD that has strong synergistic effects with TL1A in terms of function and mechanism of action, and may help to improve IBD treatment in a profound way. GB24 could be a high-quality innovative asset of Kexing Biopharm among its innovative pipelines.

At this Conference, the rising influence of Chinese innovation in biopharma has become an undeniable trend. Pipelines of drugs invented in China have attracted investment from MNCs and venture capital, leading to multiple cross-border licensing deals in the past year. High quality and innovative science, cost-benefit and speed are among the major contributing factors. It is evident that the innovation ability of Chinese biotechs has been gradually recognized, and this will trigger an uptick in global collaboration in the biopharma industry.

Adhering to the platform-based development strategy of “innovation + internationalization”, Kexing Biopharm has accelerated its R&D and innovation since it was listed on the Shanghai Stock Exchange STAR Market, transforming its pipeline portfolio from modified drugs to innovative new drugs. With the advancement of various projects in antiviral, antitumor, and autoimmune research, there is hope to address more clinical gaps.

Knowledge Catalyst and Atma Jaya Catholic University of Indonesia Launch Blockchain-Based Academic Certificates Verification Platform on International Day of Education

JAKARTA, Indonesia, Jan. 24, 2025 /PRNewswire/ — Knowledge Catalyst, a global leader in digital trust solutions, has partnered with Atma Jaya Catholic University of Indonesia to unveil a groundbreaking platform for validating academic certificates, or “Ijazah.” This innovative solution, powered by the revolutionary blockchain technology, ensures secure, tamper-proof verification while simplifying processes for students, alums, and institutions.

The launch was held on the United Nations’ International Day of Education, a day dedicated to promoting the role of education in peace and development. This underlines a shared commitment to advancing education through digital innovation. This initiative aims to build trust, transparency, and accessibility in education in a rapidly evolving digital world.

Platform Highlights

  • Enhanced Institutional Trust: Enhances institutional credibility, building trust among alums, employers, and global partners with tamper-proof, authenticated credentials.
  • Streamlined Administration: Automates verification, significantly reducing the burden of manual processes on universities.
  • Employer Assurance: Minimizes hiring risks by ensuring the authenticity of candidates’ credentials.
  • Global Accessibility for Alumni: Provides graduates with round-the-clock access to verify their certificates, including older records, from anywhere.
  • International Collaboration: Facilitates seamless student exchanges and global academic partnerships with secure cross-border credential verification.
  • Boosted Career Opportunities: Increases visibility to employers worldwide through verified, accessible credentials, fostering a sense of optimism and hope for their future career prospects.

Strategic Collaboration

As the pioneering university to adopt the platform, Atma Jaya Catholic University of Indonesia reaffirms its commitment to innovation and digital transformation. We consider this role not just a responsibility but a privilege we are proud to take on, inspiring others to follow suit.

“This platform is a game-changer in verifying academic credentials and opening global opportunities for our alumni,” said Dr. Yohanes Eko Adi Prasetyanto, Deputy Chancellor for Academic, Student Affairs, and Human Resources at Atma Jaya.

Knowledge Catalyst CEO Rudy J. Rahardjo shared, “Partnering with Atma Jaya Catholic University of Indonesia establishes a new standard for academic verification in Indonesia. Together, we reduce costs and unlock international opportunities for students and institutions alike.”

Join the Revolution

Knowledge Catalyst invites universities, alumni associations, and employers to join this transformative initiative. Together, we can modernize academic verification, enhance reputations, minimize fraud risks, and, most importantly, enhance global opportunities for graduates, significantly impacting the global education landscape.

About Atma Jaya Catholic University of Indonesia
Founded on June 1st, 1960, Atma Jaya Catholic University of Indonesia (AJCUI) offers 20 undergraduate (S1) programs, 14 postgraduate programs, and 4 professional study programs. The university has earned various accolades, including the highest category award for Social Responsibility and Employability in 2019 and five stars in online learning from QS Stars in 2020.

AJCUI operates from three campuses:

  • Semanggi Campus: a hub for Business, Government, and Society studies;
  • Pluit Campus: Home to Atma Jaya Hospital, focusing on international-quality Medical and Pharmacy education.
  • BSD Campus: dedicated to student development and character building as future leaders of the nation.

For more details:
Corporate Communications – Atma Jaya Catholic University of Indonesia
www.atmajaya.ac.id
Contact: Fransisca Vena Apriliana | +62-812-8800-8721 | corcomm@atmajaya.ac.id

About Knowledge Catalyst
Knowledge Catalyst (KC) is a global leader in digital trust ecosystems. It drives secure, verifiable solutions for talent, healthcare, insurance, cross-border trade finance, real estate, and sustainability. KC’s blockchain-powered technology fosters trust, transparency, and compliance across industries, revolutionizing the industry with identity solutions.

For inquiries:
Knowledge Catalyst Pte. Ltd. / PT. Kredensia Cipta Utama
www.knowledgecatalyst.io
Contact: Regina Kanani, Director of Product | marketing@knowledgecatalyst.io

Knowledge Catalyst and Atma Jaya Catholic University of Indonesia Launch Blockchain-Based Academic Certificates Verification Platform on International Day of Education

JAKARTA, Indonesia, Jan. 24, 2025 /PRNewswire/ — Knowledge Catalyst, a global leader in digital trust solutions, has partnered with Atma Jaya Catholic University of Indonesia to unveil a groundbreaking platform for validating academic certificates, or “Ijazah.” This innovative solution, powered by the revolutionary blockchain technology, ensures secure, tamper-proof verification while simplifying processes for students, alums, and institutions.

The launch was held on the United Nations’ International Day of Education, a day dedicated to promoting the role of education in peace and development. This underlines a shared commitment to advancing education through digital innovation. This initiative aims to build trust, transparency, and accessibility in education in a rapidly evolving digital world.

Platform Highlights

  • Enhanced Institutional Trust: Enhances institutional credibility, building trust among alums, employers, and global partners with tamper-proof, authenticated credentials.
  • Streamlined Administration: Automates verification, significantly reducing the burden of manual processes on universities.
  • Employer Assurance: Minimizes hiring risks by ensuring the authenticity of candidates’ credentials.
  • Global Accessibility for Alumni: Provides graduates with round-the-clock access to verify their certificates, including older records, from anywhere.
  • International Collaboration: Facilitates seamless student exchanges and global academic partnerships with secure cross-border credential verification.
  • Boosted Career Opportunities: Increases visibility to employers worldwide through verified, accessible credentials, fostering a sense of optimism and hope for their future career prospects.

Strategic Collaboration

As the pioneering university to adopt the platform, Atma Jaya Catholic University of Indonesia reaffirms its commitment to innovation and digital transformation. We consider this role not just a responsibility but a privilege we are proud to take on, inspiring others to follow suit.

“This platform is a game-changer in verifying academic credentials and opening global opportunities for our alumni,” said Dr. Yohanes Eko Adi Prasetyanto, Deputy Chancellor for Academic, Student Affairs, and Human Resources at Atma Jaya.

Knowledge Catalyst CEO Rudy J. Rahardjo shared, “Partnering with Atma Jaya Catholic University of Indonesia establishes a new standard for academic verification in Indonesia. Together, we reduce costs and unlock international opportunities for students and institutions alike.”

Join the Revolution

Knowledge Catalyst invites universities, alumni associations, and employers to join this transformative initiative. Together, we can modernize academic verification, enhance reputations, minimize fraud risks, and, most importantly, enhance global opportunities for graduates, significantly impacting the global education landscape.

About Atma Jaya Catholic University of Indonesia
Founded on June 1st, 1960, Atma Jaya Catholic University of Indonesia (AJCUI) offers 20 undergraduate (S1) programs, 14 postgraduate programs, and 4 professional study programs. The university has earned various accolades, including the highest category award for Social Responsibility and Employability in 2019 and five stars in online learning from QS Stars in 2020.

AJCUI operates from three campuses:

  • Semanggi Campus: a hub for Business, Government, and Society studies;
  • Pluit Campus: Home to Atma Jaya Hospital, focusing on international-quality Medical and Pharmacy education.
  • BSD Campus: dedicated to student development and character building as future leaders of the nation.

For more details:
Corporate Communications – Atma Jaya Catholic University of Indonesia
www.atmajaya.ac.id
Contact: Fransisca Vena Apriliana | +62-812-8800-8721 | corcomm@atmajaya.ac.id

About Knowledge Catalyst
Knowledge Catalyst (KC) is a global leader in digital trust ecosystems. It drives secure, verifiable solutions for talent, healthcare, insurance, cross-border trade finance, real estate, and sustainability. KC’s blockchain-powered technology fosters trust, transparency, and compliance across industries, revolutionizing the industry with identity solutions.

For inquiries:
Knowledge Catalyst Pte. Ltd. / PT. Kredensia Cipta Utama
www.knowledgecatalyst.io
Contact: Regina Kanani, Director of Product | marketing@knowledgecatalyst.io

Neusoft and ZENRIN Join Hands to Continuously Empower Chinese Auto Brands in Their Global Expansion

TOKYO, Jan. 24, 2025 /PRNewswire/ — Recently, Neusoft Corporation (Neusoft, SSE:600718) signed a memorandum of understanding (MOU) with ZENRIN CO., LTD. during the Automotive World 2025 exhibition held in Tokyo, Japan. Both parties announced that they will carry out in-depth collaboration to create navigation products and intelligent connected services that are more in line with the needs of the Japanese market for Chinese automakers, by leveraging their respective core strengths, resource sharing and technological complementarity.

As one of the important automobile markets in the world, Japan has a strategic position in Neusoft’s global R&D and delivery network, and it’s also a key target market for Neusoft’s intelligent vehicle connectivity business. Neusoft has established a robust value structure system in Japan. From technology R&D to project implementation, from talent cultivation to ecosystem construction, Neusoft has comprehensively strengthened its partners’ core capabilities, bringing multi-scenario intelligent mobility solutions to Japanese and global users.

With a history spanning over 70 years, ZENRIN is a renowned Japanese mapping company providing comprehensive coverage of map data throughout Japan. Leveraging cutting-edge technologies, ZENRIN continuously updates its map data to ensure precision and reliability. In 2024, Neusoft upgraded and launched its OneCoreGo® Global In-Vehicle Intelligent Mobility Solutions 5.0, offering seamless one-stop solutions that integrate standard navigation products with customized development. With the establishment and ongoing deepening of this cooperation, Neusoft aims to combine ZENRIN’s exceptional technological capabilities to enhance the accuracy of navigation products and real-time traffic updates.

On the foundation of their product cooperation, both parties will further enhance product capabilities and scenario-based services to address the specific needs and pain points of users in the Japanese market. By focusing on innovation and enhancing capabilities such as navigation content ecosystems, social networking for mobility, and business models, they will jointly explore and implement related technologies to improve the safety, convenience, and overall mobility experience for users.

With the rapid development of emerging technologies and accelerating pace of globalization, China and Japan have engaged in more frequent and deeper interactions in the field of intelligent vehicle connectivity. As Chinese automakers are accelerating their steps going global, Neusoft remains steadfastly committed to fostering innovation and efficient collaboration. With software capabilities as the core, Neusoft will continue to support Chinese automakers to expand in Japanese market and beyond, and promote the intelligent transformation of the automobile industry.

Longbridge 2024 Recap: Empower Investment and Elevate User Experience with Technology

HONG KONG, Jan. 24, 2025 /PRNewswire/ — In 2024, Longbridge Securities, a leading next-gen online brokerage, strengthened its “technology-driven innovation” strategy to build an efficient, accessible global trading ecosystem. With product upgrades and improved user experience, Longbridge saw its user base double and assets grow more than fourfold, expanding to 115 countries.

Reduce trading costs to enhance investment experience

Longbridge launched a pioneering lifetime $0 commission policy for Hong Kong and U.S. stocks, saving users over USD 20 million in trading fees and boosting their investment returns. With a focus on reducing trading costs, Longbridge consistently provides greater value and removes barriers by offering a variety of fee discounts.

Longbridge offered over 20,000 free “L1+ Advanced National BBO” subscriptions to U.S. equities investors, providing easy access to market insights. High-frequency traders benefited from the “Tiered Platform Fee” plan, with lower entry thresholds, competitive fees, and up to 20% rebates. Options traders enjoyed the “Team Up” mechanism, enabling strategy-sharing and earning a total of USD 1 million in rebates. These initiatives helped reduce costs and provided accessible, efficient investment opportunities.

Drive innovation to elevate trading experience

Focusing on user needs, Longbridge introduced over 120 new features and 40 enhancements in 2024, enhancing both product functionality and the overall trading experience. From optimizing idle funds with Cash Plus to expanding U.S. market depth and offering overnight trading, users were empowered with richer data and more opportunities to trade.

Enhancements like stop-loss/take-profit functionality and grid trading strategies helped users better manage market volatility and mitigate risk. The updated desktop platform also improved intraday trading efficiency and accuracy. These practical, innovative improvements catered to the diverse needs of global investors, providing professional, efficient, and user-friendly support.

Empower users and create interactive investment ecosystem

To help users stay informed and make better investment decisions, Longbridge introduced smart innovations that enhance the user experience. The upgraded stock detail page now brings together industry analysis, financial data, and valuation comparisons, providing a streamlined tool for evaluating stocks.

Dolphin Research articles drew over 1 million readers, reflecting users’ trust in expert content. Meanwhile, PortAI, the AI-powered analyst, handled over 200,000 interactions, providing data-driven insights and clear, logical analysis to answer key investment questions.

The “Shareholders Community” launched by Longbridge led to a 475% increase in app active users and a 1,076% rise in community engagement. These efforts fostered a dynamic, interactive investment ecosystem focused on delivering greater value to users.

Looking ahead: commitment to innovation

At the close of the year, Longbridge introduced Hong Kong’s first innovative brokerage lifestyle space—Longbridge Space. Serving as a hub for investing, learning, socializing, and relaxation, Longbridge Space offers a fresh take on the investment experience while highlighting the brand’s distinctive positioning.

Looking ahead, Longbridge will remain committed to user-centric innovation, focusing on delivering safer, more efficient, and accessible investment solutions. By empowering users to navigate dynamic financial markets with confidence, Longbridge aims to drive sustainable growth and success for investors worldwide.

About Longbridge Securities

Longbridge Securities is a next-generation internet brokerage serving global investors. Established in March 2019, the company holds over 22 financial regulatory licenses and qualifications across key regions, including Singapore, Hong Kong SAR, the United States, and New Zealand. By integrating the “Discover – Learn – Trade” journey of assets, Longbridge leverages cutting-edge financial technology to create a user-friendly platform for investing in Hong Kong and U.S. stocks. Its mission is to make global investing more accessible and affordable, offering investors a seamless and enriching experience with lower barriers and fees. Longbridge Securities (Hong Kong) Limited (Central No.: BPX066) is a licensed entity under the Hong Kong SFC with Type 1, 2, 4, and 9 licenses.

LG Energy Solution Releases 2024 Financial Results

  • LG Energy Solution posts KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit in 2024
  • Company to focus on proactively responding to market volatilities in the short term and securing fundamental competitiveness in the mid-to-long term
  • This year’s guidance forecasts a 5-10 percent year-on-year increase in annual revenue, with capital expenditure expected to be reduced by 20-30 percent compared to last year

SEOUL, South Korea, Jan. 24, 2025 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its fourth-quarter and full-year earnings for 2024, along with its key business initiatives for 2025.

For the full year, the company reported KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit, a year-on-year decrease of 24.1 percent and 73.4 percent, respectively. The operating profit margin was 2.2 percent, including the IRA tax credit effect.

“Last year, we actively responded to EV demand in North America,” said Chang Sil Lee, CFO of LG Energy Solution. “At the same time, sales in Europe decreased due to slow EV market growth, while average selling price (ASP) also declined because of continued metal price impact, leading to a decrease in our full-year revenue.”

“Although a lower utilization rate led to increased fixed costs and lower profitability, we saw continued improvements in material cost ratio last year,” Lee said.

In 2024, LG Energy Solution initiated the stable mass production its new joint venture plants in the U.S., Canada, and Indonesia, and achieved the record-high yield, securing capabilities for a stable global operation. In terms of the EV business, the company successfully expanded its product lineup with new chemistries and form factors, and also expanded its ESS business by accelerating its intake of large-scale power grid projects in North America.

Last year marked a year of technological advancement for LG Energy Solution, as it prepared for the mass production of its 46-Series cylindrical batteries and pilot production line for dry electrodes in Ochang, Korea. In addition, the company secured high-quality, IRA-compliant critical minerals and LFP[1] cathode materials by taking various proactive measures, such as investing in a lithium mining company.

In the fourth quarter, the company posted consolidated revenue of KRW 6.4512 trillion, a 6.2 percent decrease quarter-on-quarter. Its quarterly operating loss was KRW 225.5 billion, including the estimated IRA tax credit amount of KRW 377.3 billion.

  • 2025 Market Forecast

The global battery market, encompassing the EV, ESS, and IT sectors, is expected to grow by over 20 percent[2] annually starting in 2025.

For the EV market, the company expects its first-mover advantages in the North American battery market to continue to expand, driven by the growing trend of protectionism. At the same time, the increasing volatility of green policies in major countries is expected to decelerate the growth of EV demand in the short term.

Regarding the ESS market, LG Energy Solution foresees an increasing need for regional renewable energy infrastructure thanks to the emerging importance of energy security. The company also expects power demand to surge on the back of the expansion of AI-driven data centers and predicts securing local battery supplies will become ever more critical in response to the higher tariffs on batteries from China set to take effect in 2026.

  • 2025 Key Business Initiatives 

In the short term, LG Energy Solution will focus on proactively responding to market volatilities. The company will enhance its financial stability by adjusting the timeline of investment for the construction of new facilities and prioritizing the execution of critical investments. At the same time, it will maximize the utilization of its existing capacity by processing new orders for LFP and high-voltage mid-nickel batteries on idle production lines within existing facilities. The company will also enhance its operational compatibility across production facilities, namely by diversifying form factors within each facility and converting production lines between EV and ESS batteries to proactively respond to local customer needs.

In the mid-to-long term, LG Energy Solution will continue its efforts to reinforce its fundamental competitiveness. It will secure a competitive edge in products by offering optimized solutions for each EV segment and further differentiating its high-capacity LFP batteries for ESS systems. The company will also focus on enhancing product quality by advancing its BMS[3] diagnostic technologies and AI-based quality management system.

Securing structural cost competitiveness is another long-term initiative. As part of this, the company will expand the use of cost-effective materials, promote investment in upstream companies, and reduce processing costs by expanding production automation. To prepare for the future, it will expedite the commercialization of dry electrodes and lithium-sulfur all-solid-state batteries by setting up their pilot lines, while also expanding the business from hardware to software by fostering its BaaS[4] and EaaS[5] businesses.

Based on its key business initiatives for this year, LG Energy Solution announced its goal to achieve a 5-10 percent year-on-year increase in annual consolidated revenue in 2025. Although it predicts unfavorable ASP due to the continued trend of low metal prices, the company expects that the initiation of mass production at its new plants in North America and the increase in new product shipments will positively contribute to this year’s revenue growth.

The company also aims to reduce this year’s capex by 20-30 percent compare to last year, by adjusting the pace of investment and maximizing the utilization of existing sites. In addition, the estimated capacity eligible for the IRA tax credits this year is expected to be around 45-50GWh, as the company is well positioned to realize its first-mover advantages in the region by starting operations at its new facilities and expediting the mass production of its ESS batteries.

[1] LFP: lithium, iron, phosphate

[2] GWh basis

[3] BMS: battery management system

[4] BaaS: battery-as-a-service

[5] EaaS: energy-as-a-service

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

Rogers International Commodity Index (RICI®) Composition Unchanged

SINGAPORE, Jan. 24, 2025 /PRNewswire/ — Following the annual meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights or components comprising the RICI. This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability, composition changes to the RICI be infrequent.

The RICI represents the value of a compendium (or “basket”) of globally traded commodities employed in the global economy (38 commodity futures contracts), ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world.

A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link: https://www.beelandinterests.com/#rici-handbook

Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets.

Jim Rogers“, “James Beeland Rogers, Jr.“, and “Rogers” are trademarks and service marks of, and “Rogers International Commodity Index” and “RICI” are registered trademarks and service marks of, Beeland Interests, Inc., which are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.

Related Links

http://www.beelandinterests.com