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SeaTrain Technology Appoints Maritime Industry Leader Carleen Lyden Walker as Chief Executive Officer

Morgan Marketing & Communications

SeaTrain Technology, LLC, a pioneer in sustainable maritime solutions, is thrilled to announce the appointment of Carleen Lyden Walker as its new Chief Executive Officer (CEO). Ms. Lyden Walker brings over four decades of maritime industry expertise, underscoring SeaTrain’s commitment to revolutionizing global shipping through innovation and environmental stewardship. Ms. Lyden Walker’s distinguished career encompasses significant roles such as Co-Founder and CEO of the North American Marine Environment Protection Association (NAMEPA), CEO of Morgan Marketing & Communications, and Chief Evolution Officer (CEO) of SHIPPINGInsight. Her dedication to marine environmental protection and sustainable shipping practices has been recognized globally, including her appointment as a Goodwill Maritime Ambassador by the International Maritime Organization (IMO) in 2015. In her new role at SeaTrain Technology, Ms. Lyden Walker will spearhead the company’s mission to introduce its groundbreaking remote-controlled modular submersible glider technology to the world. This innovative technology aims to transform ocean freight transportation by offering unparalleled efficiency, profitability, reliability, and environmental sustainability. Additionally, it has extensive applications to the energy and defense industries. Expressing her enthusiasm about joining SeaTrain, Ms. Walker stated, “I am honored to lead SeaTrain Technology at this pivotal moment in maritime history. SeaTrain’s innovative approach aligns perfectly with my lifelong commitment to advancing sustainable practices in the shipping industry. I look forward to working with the talented team at SeaTrain to bring this transformative technology to the domestic and global markets.” Randy M. Durst, Founder and Chairman of SeaTrain Technology, commented, “We are delighted to welcome Carleen as our CEO. Her extensive experience and visionary leadership in the maritime sector are invaluable assets as we embark on this journey to redefine maritime shipbuilding and transportation”. SeaTrain Technology, established in 2023 and headquartered in Boynton Beach, Florida, is on a mission to revolutionize the shipping, energy, and defense sectors through its patented submersible glider technology. The company’s core values—innovation, sustainability, efficiency, and safety—are at the forefront of its operations, aiming to set new standards in performance and environmental responsibility. For more information about SeaTrain Technology and its groundbreaking initiatives, please visit SeaTrain Technology. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-255-4686 c.walker@morganmarketcomm.com Company Website https://morganmarketcomm.com/

March 30, 2025 12:00 AM Eastern Daylight Time

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News Release

Route Runners Auto Transport Strengthens Vehicle Logistics Across Ohio

Grand Newswire

Route Runners Auto Transport is enhancing vehicle logistics across Ohio, ensuring safe, efficient, and timely transportation for individuals, businesses, and dealerships. As demand for reliable auto transport continues to rise,the transport companies available to providing streamlined, cost-effective, and transparent solutions across local and interstate routes. Ohio’s Growing Role in Vehicle Transportation With major cities like Columbus, Cleveland, and Cincinnati serving as key transport hubs, Ohio plays a crucial role in national vehicle logistics. Whether for relocations, seasonal moves, or vehicle purchases, the need for professional auto transport services has increased. Route Runners Auto Transport addresses this demand with a well-coordinated logistics network that ensures on-time deliveries and real-time tracking for every shipment. Commitment to Safety and Efficiency Route Runners Auto Transport adheres to strict safety and compliance standards, operating under FMCSA regulations with full licensing and insurance. Each vehicle is professionally handled and monitored throughout transit, ensuring secure transport regardless of distance. The company’s customer-first approach emphasizes clear communication, responsive service, and real-time updates to keep clients informed every step of the way. Optimized Logistics with Transparent Pricing Auto transport costs are influenced by factors such as distance, vehicle type, and seasonal demand. Route Runners Auto Transport remains committed to competitive, transparent pricing with no hidden fees. Estimated rates for common Ohio routes include: Columbus to Chicago: $500 - $700 Cleveland to New York City: $600 - $800 Cincinnati to Miami: $900 - $1,200 With transit times ranging from 1-2 days within Ohio to 5-7 days for cross-country transport, the company prioritizes both speed and safety, ensuring vehicles arrive in top condition. Seamless Vehicle Shipping Experience Route Runners Auto Transport simplifies the car shipping companies operating in Ohio process by guiding customers through every step. Before transport, clients document vehicle conditions and coordinate scheduling. During transit, real-time tracking and open communication ensure peace of mind. Upon delivery, a final inspection confirms that vehicles have arrived as expected. About Route Runners Auto Transport Route Runners Auto Transport is a leading vehicle logistics company specializing in safe and efficient car transportation across Ohio and nationwide. With a reputation for transparency, reliability, and customer satisfaction, the company provides streamlined logistics, professional handling, and real-time tracking to ensure a smooth experience for individuals, dealerships, and businesses. For more information, visit https://routerunnersautotransport.com/ Contact Details Route Runners Auto Transport Mr. Robert Jerone info@routerunnerslogistics.com Company Website https://routerunnersautotransport.com/

March 18, 2025 04:22 PM Eastern Daylight Time

Spring Bird Welcomes Thomas Hoskins as New Director of Operations

Spring Bird

Spring Bird, a leading provider of innovative transit solutions, is pleased to announce the appointment of Thomas Hoskins as its new Director of Operations. With more than two decades of experience in transit operations, fleet management, and manufacturing process improvement, Thomas will play a critical role in optimizing Spring Bird’s operational strategy and driving continued growth. Thomas brings a wealth of expertise to his new role, having served eight years as Director of Operations at Complete Coach Works, where he led fleet modernization efforts and oversaw large-scale production improvements. His career also includes 13 years as an Operations Manager at Motor Coach Industries, where he gained extensive experience managing complex transit manufacturing and service operations. “Spring Bird is growing rapidly, and having an experienced, forward-thinking leader like Thomas at the helm of our operations is part of our long-term growth strategy,” said Elliott Carson, CEO and Founder of Spring Bird. “Tom’s history of driving efficiency and innovation aligns perfectly with our mission to provide safe, high-quality transit solutions. We are excited for his leadership and enhance will drive our operational excellence and benefit our customers.” In his new role, Thomas will oversee production processes, fleet operations, and strategic planning, ensuring that Spring Bird continues to meet and exceed industry standards. His leadership will support the company’s ongoing efforts to expand its offerings, enhance efficiency, and deliver reliable, sustainable transit solutions. “I am honored to join Spring Bird at such a pivotal time in its growth,” said Thomas Hoskins, Director of Operations. “The company’s commitment to quality, innovation, and customer service is truly inspiring. I look forward to working with the team to refine processes, improve efficiency, and continue delivering exceptional transit solutions that keep our customers moving.” Spring Bird, founded in 2020, builds upon the Carson family’s decades-long legacy in the transit industry, offering a wide range of heavy-duty transit buses and rehabilitation services. The company services the industry's top operators, providing buses for sale and lease, and specializes in minor repairs, major overhauls, and operational maintenance solutions. With Thomas at the helm of operations, Spring Bird is well-positioned to continue its expansion and commitment to excellence in transit solutions. About Spring Bird Spring Bird is a premier provider of transportation solutions, specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Media Contact: For more information, visit https://springbirdbus.com or contact us at press@springbirdbus.com. ### About Spring BirdSpring Bird is a premier provider of transportation solutions specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Contact Details Media Contact press@springbirdbus.com Company Website https://springbirdbus.com

March 12, 2025 09:00 AM Central Daylight Time

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Bacula Systems Announces Direct Integration with ZFS for Enhanced Backup and Recovery Performance

Bacula Systems

Bacula Systems, a global leader in high-security, high-performance backup and recovery solutions, today announced its latest Use Case: native integration and interoperability with the ZFS file system. This latest enhancement empowers organizations with seamless, high-performance backup and recovery capabilities specifically optimized for ZFS-based infrastructures. The integration of ZFS into Bacula Enterprise enables enterprises and high-performance computing (HPC) environments to take full advantage of ZFS’s advanced storage management features while leveraging Bacula’s robust, scalable, and highly secure backup and disaster recovery capabilities. “Bacula continues to set the standard for reliability, security, and exceptionally high performance in backup and recovery, and our new native ZFS integration further expands our customers’ ability to protect and manage their data in the most efficient way possible. By enabling seamless, high-speed backup and reliable restore operations for ZFS environments, Bacula helps organizations reduce complexity, improve storage efficiency, and maintain strict security and compliance requirements. This is one of a series of important announcements we are making in the high performance file systems space” said Frank Barker, CEO of Bacula Systems. Key Benefits of Bacula’s ZFS Integration: Snapshot-Based Backups: Bacula leverages ZFS snapshots to enable efficient, low-latency backups without impacting system performance. Speed: Bacula’s ZFS capabilities include a fast incremental accelerator for massive file systems and big data volume - all done automatically. Workload Efficiency: Bacula integrates with ZFS's diff feature to quickly backup only necessary/modified files, without needing to scan the entire file system. Advanced Data Protection: Bacula complements its ZFS capabilities with configurable compression, checksum verification, advanced encryption technology, comprehensive ransomware protection, air-gapped architectures, highly flexible immutable storage options and many other highly customizable data protection features for compliance-driven industries. Seamless Scalability: Optimized for large-scale environments, Bacula’s ZFS integration provides ultra-fast backup of snapshot differences of massive datasets. Cost-Efficiency: Organizations can significantly lower their storage costs by leveraging Bacula’s advanced deduplication and compression capabilities in conjunction with Bacula’s efficient data management features. Bacula Systems continues to expand its leadership in providing powerful, customizable, and highly secure backup and recovery solutions tailored for enterprises and HPC environments. The addition of built-in ZFS interoperability underscores Bacula’s commitment to delivering high-performance, flexible, and cost-effective data protection for IT teams managing large and complex workloads. Bacula Systems customers include NASA, Navisite, Texas A&M University, Sky PLC, Warner Bros Discovery, Locaweb and many more. For more information about Bacula’s ZFS integration and enterprise backup solutions, visit www.baculasystems.com. About Bacula Systems: Bacula Enterprise is an exceptionally secure, highly scalable backup and recovery software for large organizations, data centers and MSPs. www.baculasystems.com Contact Details Rob Morrison rob.morrison@baculasystems.com +41 21 641 60 80 rob.morrison@baculasystems.com Company Website https://www.baculasystems.com/

March 05, 2025 07:11 AM Eastern Standard Time

NAFA Announces Return of OEM Panel at 2025 Institute & Expo

NAFA Fleet Management Association

The highly anticipated OEM Panel Discussion returns to NAFA’s 2025 Institute & Expo (I&E), set for Tuesday, April 29, 2025, from 9:15-10:00 a.m. This panel will feature leaders from four of the industry’s top automakers, who will discuss their fleet strategies, priorities and challenges for 2025 and beyond. "At I&E 2025, we’re excited to bring together experts from some of the leading automotive companies in the world to provide invaluable insights into the future of fleet management," said Bill Schankel, CAE, NAFA CEO. "This panel is a must-attend for fleet professionals eager to learn about the latest trends in vehicle availability, connected technologies and electrification, along with the latest vehicle models and options for fleets. It’s a chance to hear directly from OEMs about how they’re shaping the future of fleets." The panel will include the following experts: Gabriel Slack, Sales Enablement Manager - Fleet Management Companies, GM Envolve Eric Swanson, Vice President, Commercial Sales, East Region, Stellantis Greg Wood, Commercial & Government Sales General Manager, Ford Pro Jerry Zielinski, Senior Manager of Fleet & Commercial Sales, Nissan The panel will be moderated by Chris Brown, Associate Publisher of Bobit. Panelists will discuss a variety of topics including fleet strategy, advancements in electrification, and the evolving role of technology in fleet operations. The session will offer attendees valuable takeaways to help them navigate the future of fleet management. The OEM panel discussion is just one of the many sessions at I&E 2025, which will feature over 40 educational sessions covering a wide range of topics, including fleet operations, sustainability, emerging technologies and the latest vehicle models. I&E attendees will enjoy access to all educational sessions, the industry’s largest Expo Hall, and numerous networking opportunities with peers and industry leaders. Interested attendees can register here. Media registration is complimentary for credentialed journalists. Prospective exhibitors are encouraged to secure their space early to ensure prime placement in the Exhibit Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. This year’s current sponsors include Fleetio, Holman, Legend, Merchants Fleet, Mitsubishi Motors, Motive, RAM, Reindeer Logistics, Samsara, US Bank Voyager and Wheels. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

March 04, 2025 10:00 AM Eastern Standard Time

NAVEX One: The Trusted Partner for NIS2 Risk Alignment

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, is pleased to offer the first GRC solution to holistically address NIS2 across training, policies and assessment – all on one platform, NAVEX One. NAVEX continues to provide risk and compliance professionals with the tools they need to align with the latest cybersecurity regulations. As organizations face increasing regulatory demands, NAVEX One integrates policy management, training and risk assessment resources to ensure seamless compliance with the European Union’s Network and Information Security Directive (NIS2). The NIS2 Directive raises the bar for cybersecurity and reporting standards across industries, including banking, healthcare, manufacturing and energy. Organizations must not only comply with these heightened regulations but also ensure their cybersecurity frameworks are strong enough to withstand evolving threats. “NIS2 is a critical milestone in cybersecurity regulation, and organizations need a partner that helps them do more than just check the compliance box,” said A.G. Lambert, chief product officer at NAVEX. “NAVEX One empowers compliance and risk professionals to build a sustainable and proactive approach to cybersecurity, ensuring their programs are compliant and resilient against emerging threats.” NAVEX One serves as an essential tool in the journey toward risk and compliance maturity, helping organizations: Conduct proactive risk assessments to identify and mitigate vulnerabilities Centralize and streamline policy management to meet regulatory expectations Strengthen cybersecurity posture with comprehensive security awareness training Stay ahead of evolving cybersecurity requirements through continuous program improvement and board-ready reporting Extend training, policies and cyber risk practices to align third parties with its cyber risk standards “Organizations today require more than just static risk and compliance checklists—they need dynamic, integrated solutions that evolve with regulatory changes and emerging risks,” said Kyle Martin, vice president of risk solutions at NAVEX. “NAVEX One’s content and capabilities give businesses the confidence to proactively address NIS2 requirements while reinforcing their broader risk management strategies.” By integrating these capabilities within a single platform, NAVEX One simplifies compliance, reduces risk exposure, and supports organizations in building future-proof compliance programs. Click here, for more information on NAVEX One and the NIS2 Directive. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

February 18, 2025 12:50 PM Eastern Standard Time

SFAA Applauds Introduction of Legislation to Modernize WIFIA

SFAA

The Surety & Fidelity Association of America (SFAA) commends Senators Mark Kelly (D-AZ) and Kevin Cramer (R-ND) and Representatives Mike Bost (R-IL) and Chris Pappas (D-NH) for the introduction of the Water Infrastructure Subcontractor and Taxpayer Protection Act. This bipartisan legislation ensures payment and performance bonding on infrastructure projects receiving Water Infrastructure Finance & Innovation Act (WIFIA) assistance, including public-private partnerships (P3s). These protections safeguard workers, subcontractors, suppliers and taxpayers. “It is essential WIFIA be modernized to include the same payment and performance requirements that protect all other federally funded infrastructure projects,” said Ryan Work, President and CEO of SFAA. “Bonding all projects receiving WIFIA assistance is a commonsense solution to better preserve taxpayer dollars, ensure project completion, protect workers and promote economic growth.” The Water Infrastructure Subcontractor & Taxpayer Protection Act will ensure parity protections between traditional project delivery methods and P3 projects utilizing the WIFIA program. The legislation also provides the same protections required in the Transportation Infrastructure Finance & Innovation Act (TIFIA) program and other federally financed projects. SFAA looks forward to working with industry allies and policymakers to advance this legislation in the 119th Congress. ### The Surety & Fidelity Association of America (SFAA) is a nonprofit, nonpartisan trade association representing all surety and fidelity industry segments. We promote the value of surety and fidelity bonding and its vital protections through advocacy, outreach, promotion, and education. The more than 425 member companies write 98 percent of surety and fidelity bonds in the U.S. SFAA is also licensed as a rating or advisory organization in all states, and state insurance departments have designated it as a statistical agent for reporting fidelity and surety experience. www.surety.org Contact Details Peter Roth +1 703-401-0676 proth@surety.org Company Website https://surety.org/

February 13, 2025 03:35 PM Eastern Standard Time

Flash Appoints Chris Donus CEO

Flash

Flash, the leader in parking and mobility technology, today announced that Chris Donus, currently the President of Flash, has been appointed Chief Executive Officer. Donus joined Flash as CFO in 2023 and became President in June 2024. Dan Sharplin, who has served as Flash CEO since 2019, will continue as Executive Chairman of the Board of Directors. "It’s the perfect moment for Chris to step into the CEO role and lead Flash in its next phase of growth," said Dan Sharplin, Executive Chairman, Flash. "Chris is a proven leader, and as those who’ve worked with him will attest, has the ability to drive execution at speed and at scale that promises to take Flash to new heights." Sharplin will shift focus to strategy and Board leadership, actively supporting Chris Donus and the executive team and steering strategic projects and partnerships. He will continue advancing Flash’s industry leadership and driving its vision for the digital transformation of the industry to a modern marketplace that delivers seamless experiences to drivers and increased value and transparency for owners and operators. Donus will assume responsibility for strategic execution and continue leading the expansion of Flash’s emerging digital demand network, EV charging and parking platforms, and its regionalized branch organization. Donus joined Flash as a seasoned mobility and technology leader in finance and operations. Prior to Flash, he served as COO and CFO at Wheel Health, VP and Business Unit leader of Express Drive at Lyft, and served in President, COO and CFO roles at Silvercar. "I thank Dan Sharplin and the Board of Directors for their support and confidence as well as the incredible opportunity to lead the world class team we've assembled at Flash," said Donus. "I couldn't be more excited for the possibilities that lay ahead – for Flash and for the industry – as we continue the journey to make the transformation of parking a reality." An innovator in parking management technology since 2011, Flash has achieved unprecedented scale encompassing over 16,000 parking assets, 1 billion annual transactions, and 450 million driver touchpoints in the apps consumers use everyday. Flash is leading the industry transformation to a connected mobility ecosystem that delivers a seamless parking experience for drivers and unlocks profitability and asset yield for operators and owners. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

February 13, 2025 08:15 AM Central Standard Time

A Fully-Charged EV Battery In Minutes: U Power And SAIC Motor-CP Team Up To Make It A Reality In Thailand

Benzinga

By Meg Flippin Benzinga The world may have no choice but to transition to electric vehicles (EVs), with or without the help of government incentives and regulations. The environment demands it, and that is a big reason why sales of EVs are estimated to grow by double-digits on average every year. By 2030, there are expected to be 40 million EVs traversing the roads and bridges around the world. However, to reach mass adoption and replace gas-guzzling, emissions-producing vehicles, some challenges need to be addressed – particularly when it comes to charging infrastructure. Concerns about range, battery life and availability of charging stations loom large in the decision-making process for consumers. Fears of getting stuck or waiting hours to charge up keep many consumers on the sidelines. Studies show consumers are still reluctant to purchase an EV, despite expressing interest in this type of vehicle. The current charging experience makes this reluctance understandable. Charging stations have been reported to experience lots of reliability issues from damaged and broken charging cords to network failures. Many consumers complain of unresponsive screens and slow charging speeds. Charging stations have been slow to roll out which can cause congestions at the available locations. None of this bodes well for a future in which EVs are ubiquitous. Swapping Instead Of Charging U Power Limited (NASDAQ: UCAR), the Chinese EV power solution company, is aiming to change this dynamic with its advanced UOTTA technology. This technology enables consumers and fleet operators to replace dead EV batteries with fully charged ones in under five minutes. That removes the time challenges, and with swapping stations eventually located throughout China, it eliminates the fear of running out of battery life. The company offers customers an entire battery-swapping ecosystem, from building the infrastructure to managing it. Its prowess in the industry was recently on display, entering into yet another partnership to further its technology in the marketplace – this time with SAIC Motor-CP, the Chinese auto manufacturer. U Power signed a cooperation agreement with SAIC Motor-CP to integrate its battery-swapping technology into MG brand vehicles in Thailand. Initially the partnership is focused on the taxi and ride-hailing markets in Thailand, with plans for future expansion. The two companies are combining U Power's UOTTA battery-swapping technology with SAIC Motor-CP's automotive expertise to address charging infrastructure challenges in Thailand's growing EV market. U Power will adapt its technology and develop a network of swapping stations, while SAIC Motor-CP will provide technical expertise and warranty support. Lots Of EVs To Charge It's a big deal for U Power, given the taxi and ride-sharing market in Thailand is big, with more than 300,000 vehicles providing rides to customers. Projections call for 50% of the vehicles to be electric within five years, which creates a potential market of 150,000 vehicles for U Power to serve. The company said that the rate of EVs on the roads supports a network of 500 to 750 battery-swapping stations across major urban centers. Then there’s Thailand’s EV3.5 policy, which was created to encourage EV development. It includes subsidies and the reduction of import and excise taxes on batteries. That policy is expected to boost annual EV adoption growth to between 30% and 40%, reports U Power. “This partnership represents a significant milestone in accelerating electric vehicle adoption in Thailand's commercial transportation sector," said Li Jia, Chairman and CEO of U Power. “ Our battery-swapping technology offers a practical solution to the charging challenges faced by high-utilization vehicles. In addition, this collaboration builds on strong existing relationships between our two companies, notably through Chatchaval Jiaravanon, U Power's second-largest shareholder and member of the Thai CP Group family, whose deep understanding of both organizations has helped facilitate this strategic alignment. We are eager to work together to drive innovation and build the foundation for Thailand's EV future.” Commercial Markets First Given the sheer size of the commercial market it’s not surprising that U Power and SAIC Motor-CP are focused on that area in the deal’s first iteration. It provides consistent revenue streams and faster ROI than the consumer market, reports U Power. To pull it off, U Power said its UOTTA technology has to be adapted for tropical climate conditions, a localized battery management system has to be developed and the charging stations need to be integrated with Thailand’s power grid infrastructure. If it works out, the companies said it could be a model for further expansion as they try to overhaul the charging battery market. “The ability to quickly swap batteries rather than wait for charging will be transformative for the taxi and ride-hailing sectors, where vehicle downtime directly impacts business performance,” added Feng Zhao, President of SAIC-Motor CP. “We are confident this collaboration will accelerate Thailand's transition to sustainable commercial transportation while establishing a model that can be replicated in other markets." Feature photo by Dan Freeman on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

February 12, 2025 08:45 AM Eastern Standard Time

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