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Automotive

Galileo Robotics Unveils Galileo X at WRC 2026, Breaking Conventional Form Factors with Its "Embodied Ground Mobility System"

BEIJING, Aug. 24, 2026 -- At the 2026 World Robot Conference (WRC 2026), Galileo, a leading Chinese embodied-intelligence robotics company, unveiled the groundbreaking, next-generation Galileo X, its new "Embodied Ground Mobility System". The launch marks a major breakthrough...

Aug 24 · 09:00PR Newswire
Finance · Energy

Camel Group's 12V Sodium-Ion Battery Selected for European OEM Pre-Development Project

WUHAN, China, Aug. 24, 2026 -- Camel Group Co., Ltd. (Shanghai Stock Exchange: 601311.SH) announced that its 12V sodium-ion battery business has been selected for a pre-development project with a major European automotive manufacturer, bringing the company's sodium-ion...

Aug 24 · 08:30PR Newswire
Automotive

Car Accident Solicitors: Expert Legal Help After Your Crash!

Expert car accident solicitors explain how injured motorists can understand their legal rights, assess claims, and seek fair compensation.

Aug 24 · 05:00freePRnow
AI · SaaS

Hong Kong strengthens position as Asia's leading sustainable fashion hub

HONG KONG, August 24, 2026 - Hong Kong's position as one of Asia's most prominent sustainable fashion hubs has been further strengthened, with the HKTDC ESG Index 2026 released by the Hong Kong Trade Development Council (HKTDC) for the fashion industry rising to 65.5 in 2026, up 2.3 percentage points from 2025. The increase reflects growing industry confidence in Hong Kong as a premier platform for sustainable fashion development and ESG-related business opportunities. The latest findings also highlight the increasing commercial value of sustainability. Among exhibitors offering ESG-related products or services, 61% reported achieving additional profit margins of at least 10%, while 47% of buyers sourcing ESG-related products were willing to pay a premium of 10% or more. The results show that ESG (Environmental, Social, and Governance) is increasingly embedded across the fashion value chain, while businesses recognise its potential to drive innovation, competitiveness and growth. The proportion of fashion practitioners considering ESG essential rose from 85% in 2025 to 92% in 2026, with those rating it "very important" increasing overall from 15% to 23%. This trend was markedly stronger among Chinese Mainland respondents, with 45% of whom regarded ESG as "very important" in business decision-making, representing a significant 27 percentage-point increase compared with 2025. HKTDC Principal Economist (Global Research Team) Alice Tsang, said: "The latest findings show sustainability is becoming an increasingly important commercial driver for the fashion industry. Not only are more companies integrating ESG into their business strategies, but many are also seeing tangible financial benefits. The strong profit margins reported by ESG-related suppliers, together with buyers' willingness to pay significant premiums for sustainable products, demonstrate that sustainability helps create business value. This trend, combined with Hong Kong's strengths in international connectivity, green finance and professional services, reinforces the city's role as a leading sustainable fashion hub in Asia." Hong Kong's ESG ecosystem earns strong industry recognition Hong Kong's strengthening position as a sustainable fashion hub was reflected across all three ESG dimensions. While the overall ESG Index rose to 65.5, all three sub-indices for the fashion industry also recorded gains, with the Environmental Sub-index increasing to 64.3, the Social Sub-index climbing to 67.0, and the Governance Sub-index advancing to 66.1. The results indicate that fashion practitioners increasingly value Hong Kong's strengths in green finance and sustainable investment opportunities, cross-border ESG knowledge exchange and business collaboration, as well as its effective ESG reporting framework and international connectivity. Together, these advantages reinforce Hong Kong's role as a leading platform for sustainable fashion development in Asia. ESG adoption delivers business value In addition to assessing Hong Kong's strengths as a sustainable fashion hub, the research highlights that sustainability is increasingly becoming an integral part of business strategy, product development and sourcing decisions, reflecting both evolving market expectations and emerging business opportunities. Other key findings: The share of fashion practitioners engaged in sourcing or selling ESG-related products and services rose from 33% in 2025 to 46% in 2026. Sustainable supply chain platforms (54%), AI analytics (31%) and supplier collaboration tools (31%) were identified as the most valuable digital solutions that Hong Kong offers for supporting ESG compliance. Respondents cited tools for better transparency and traceability (44%), ESG certification (40%), and ESG audits and risk analysis solutions (28%) as the top three supply chain solutions that Hong Kong offers for complying ESG reporting requirements across complex supply chains. HKTDC Director of Research Bruce Pang added: "Fashion businesses increasingly recognise Hong Kong's unique strengths and solutions, which positions the city as an ideal platform for companies looking to identify sustainable business opportunities, forge international partnerships and navigate evolving global ESG requirements. With events like CENTRESTAGE facilitating the exchange and showcase of innovative and sustainable fashion, Hong Kong is well placed to support the industry's transition towards a more sustainable future." HKTDC advancing sustainable fashion development The HKTDC is committed to promoting sustainable business development through its trade fairs, conferences, market intelligence and business-matching platforms. From Fashion InStyle and NEXT@Fashion InStyle, which drive innovation in sustainable fashion and materials, to CENTRESTAGE, taking place this September, where designers, brands and buyers will explore emerging trends including sustainability and responsible fashion, HKTDC continues to connect industry players with new ideas, partners and opportunities. Beyond fashion, HKTDC advances dialogue on ESG, sustainability reporting and green finance through major conferences and research initiatives, supporting businesses in navigating the global sustainability transition. Reference:   Full article of “Very Much in Style: ESG in the Fashion Industry”:  https://research.hktdc.com/en/article/MjQwMzc3MzI2NA HKTDC Research website: https://research.hktdc.com/en/ CENTRESTAGE 2026: https://www.hktdc.com/event/centrestage/en Media enquiries: For enquiries, please contact: HKTDC Communication and Public Affairs Department: Christy Lee Tel: (852) 2584 4369 Email: christy.wn.lee@hktdc.org Agnes Wat Tel: (852) 2584 4554 Email: agnes.ky.wat@hktdc.org HKTDC Mediaroom: http://mediaroom.hktdc.com/en About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Aug 24 · 04:50ACN Newswire
Energy · Automotive

SOUEAST C-DM Hybrid System: Adapting to Urban and Intercity Travel Needs

WUHU, China, Aug. 23, 2026 -- As new energy vehicles continue to gain momentum worldwide, their efficiency and lower running costs have made them increasingly popular for urban commuting. However, when embarking on long journeys, new energy vehicles, particularly pure-electric models, still grapple with range anxiety. How can urban drivers balance low-cost commuting with long-range intercity travel demands? SOUEAST’s solution is the C-DM Hybrid System, a comprehensive power technology covering diverse mobility scenarios while harmonizing low energy consumption with high-performance output. On August 5, 2026, SOUEAST held its first long-distance media test drive of the S08 i-DM in Mexico, powered by the C-DM Hybrid System.

Aug 24 · 01:50GlobeNewswire
Finance · SaaS

CITIC Resources' 2026 Interim Net Profit Up 88.3%

HONG KONG, August 24, 2026 - CITIC Resources Holdings Limited (“CITIC Resources” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1205.HK) has announced its unaudited interim results for the six months ended 30 June 2026 (the “Period”). During the Period, the Group capitalised on the opportunities presented by the upward cycle of commodity prices, proactively adjusted its operating strategy, and adopted a proactive approach focused on increasing reserves and production while capturing sales opportunities. As a result, profit attributable to ordinary shareholders of the Company increased by approximately 88.3% year-on-year to approximately HK$0.29 billion. For the oil and gas business, on the basis of its annual production stabilisation and growth targets, the Group optimised its production mix by prioritising the release of production capacity from high-margin blocks to fully benefit from the price upside. The JSC Karazhanbasmunai (“KBM”) oilfield advanced the development of its coastal area while managing the production decline of existing wells, achieving production capacity replacement. Newly drilled wells in the Hainan-Yuedong Block oilfield achieved the highest daily oil production of any new wells in the field in nearly six years. The Seram Block oilfield validated and implemented perforation and water shutoff programmes to tap the remaining oil potential. For the non-oil-and-gas business, under the principle of “control is essential for subsidiaries, exercising of rights is essential for participating interests”, the Group further strengthened its shareholder engagement, deepened its involvement in project management and operational decision-making, actively captured the pricing windows for aluminium, coal and other products, and optimised sales phasing and inventory management to enhance overall value creation. Meanwhile, the Group capitalised on the high share price of Alcoa to optimise its asset structure by reducing its Alcoa shareholding in the first quarter of 2026, realising proceeds of approximately US$366 million. The Group also established a Singapore trading company to fully leverage the geographical advantages of the Singapore platform, continuously expanding trading channels and customer networks, and transferring its oil and gas trading operations to the new entity in an orderly manner. The Group will continue to explore supply chain deployment and diversify trading models, with a view to steadily increasing the revenue scale of its oil and gas trading business. During the Period, the Group recorded revenue of approximately HK$5.07 billion (1H2025: approximately HK$9.38 billion), representing a year-on-year decrease of approximately 46.0%. The decrease was primarily attributable to the sharp reduction in oil and gas trading resources available in the market due to the situation in the Middle East, which significantly heightened transaction uncertainties and prompted the Group to proactively de-risk by reducing its oil and gas trading volume by approximately 60.5% year-on-year. Nevertheless, most of the Group’s segments and investments recorded profits during the Period, and the Group continued to maintain a strong financial position. Benefiting from the cash received from the disposal of a significant portion of its Alcoa shares, the Group’s cash and deposits increased significantly to approximately HK$7.04 billion as at 30 June 2026 (31 December 2025: approximately HK$3.52 billion). As at 30 June 2026, the Group’s total assets amounted to approximately HK$15.97 billion, while net assets attributable to ordinary shareholders of the Company amounted to approximately HK$9.37 billion; the debt-to-asset ratio was approximately 40.3%, and the annualised return on equity was approximately 6.6%. The Group maintained a healthy asset position, ample liquidity and a solid operating foundation, enabling it to effectively navigate market volatility and build up financial reserves in support of its “Investment + Trade” dual-driver development strategy. Mr. Hao Weibao, Executive Director, Chairman and Chief Executive Officer of CITIC Resources, said: “Looking ahead, facing an external environment where opportunities and challenges coexist, we will remain unwavering in deepening our ‘Investment + Trade’ dual-driver development strategy, and systematically advance our work on ‘Upstream Asset Deployment, Trading Business Expansion and Production and Operation Enhancement’. For upstream asset deployment, we will focus on the oil and gas and aluminium industry chains as core areas, actively tracking and prudently screening quality assets with cost competitiveness and resource potential. For trading business expansion, we will focus on the restorative growth of trading volumes and the enhancement of sales prices for equity oil to fully improve our market value conversion capabilities. For production and operation enhancement, we will leverage technological innovation and lean management as dual enablers to systematically enhance the operational efficiency and value contribution of our existing assets. Pursuing organic growth and external expansion in parallel, we will make steady and sustainable progress in a complex and volatile external environment, and remain fully committed to delivering stable and sustainable long-term returns to our shareholders.” For details of CITIC Resources’ 2026 interim results, please refer to the Group’s interim results announcement on the Hong Kong Stock Exchange and the Group’s website. About CITIC Resources Holdings Limited (Stock Code: 1205.HK) CITIC Resources Holdings Limited has been listed on the Hong Kong Stock Exchange since 1997. The principal activities of CITIC Resources include the exploration, development and production of oil and coal, investments in bauxite mining, alumina refining and aluminium smelting, as well as oil and gas trading. CITIC Limited is the largest shareholder of CITIC Resources with an interest of about 59.5%.

Aug 24 · 01:16ACN Newswire
Finance · Automotive

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR

New York, New York--(August 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR), including those who bought Avis common stock to cover a short position, between February 20, 2025 and April 21, 2026, inclusive (the "Class Period"), of the important September 29, 2026 lead plaintiff deadline.SO WHAT: If you purchased Avis securities during the Class Period you may be entitled to compensation...

Aug 24 · 01:01Newsfile
Automotive · Sports

FIA Hails Success of Landmark INDYCAR Freedom 250 Grand Prix as Motorsport Takes Centre Stage in Washington D.C.

WASHINGTON, August 23, 2026--The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has hailed the successful staging of the NTT INDYCAR SERIES’ Freedom 250 Grand Prix of Washington, D.C. as a landmark moment for American motor sport and a powerful demonstration of motor sport’s continued growth across the United States.

Aug 23 · 22:33Business Wire
Finance · Automotive

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR

New York, New York--(August 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR), including those who bought Avis common stock to cover a short position, between February 20, 2025 and April 21, 2026, inclusive (the "Class Period"), of the important September 29, 2026 lead plaintiff deadline.SO WHAT: If you purchased Avis securities during the Class Period you may be entitled to compensation...

Aug 23 · 03:40Newsfile
Finance · Automotive

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR

NEW YORK, Aug. 22, 2026 -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Avis Budget Group, Inc. (NASDAQ: CAR), including those who bought Avis common stock to cover a short position, between February 20, 2025 and April 21, 2026, inclusive (the “Class Period”), of the important September 29, 2026 lead plaintiff deadline.

Aug 22 · 23:36GlobeNewswire
Automotive · Sports

FIA Celebrates Over Ninety Years of Supporting Motor Sport in the United States at the INDYCAR Freedom 250 Grand Prix of Washington D.C.

PARIS, August 22, 2026--The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, is celebrating almost a century of motor sport history and legacy in the United States ahead of the highly anticipated Freedom 250 NTT INDYCAR SERIES race this weekend marking 250 years of American independence.

Aug 22 · 20:00Business Wire
Automotive · Education

Zum Expands to New York, Marking 19th State Nationwide

Expansion establishes Zum's presence in one of the nation's largest student mobility regions and creates a foundation for continued Northeast growth; district announcements to follow REDWOOD CITY, Calif., Aug. 22, 2026 -- Zūm, a leader in student mobility, today announced its...

Aug 22 · 10:00PR Newswire