Month: April 2025

BEIJING, April 28, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announces that the previously announced change of the ratio (the “ADS Ratio”) of its American depositary shares (the “ADSs”) to its Class A ordinary shares has taken effect at the open of business on April 28, 2025 (U.S. Eastern Time) (“Effective Date”).

The change in the ADS Ratio, from one ADS to 200 Class A ordinary shares to one ADS to 800 Class A ordinary shares, had the same effect as a one-for-four reverse ADS split. The exchange of one new ADS for every 4 previously-held ADSs occurred automatically upon effectiveness, with the previously-held ADSs cancelled and the new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the Company’s ADS program.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than 4 times the ADS trading price before the change.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-announces-completion-of-ads-ratio-change-302439804.html

SOURCE NaaS Technology Inc.

• New website to support Toyota Hydrogen Solutions (THS), a business unit in Toyota’s North American Hydrogen Headquarters that focuses on promoting hydrogen-powered products, services and solutions primarily to commercial customers to support their goals for reliable eco-conscious power and systems
• Website to feature THS products that are scalable for use in applications from stationary power generation to powertrains for Class 8 heavy-duty trucks, using Toyota’s proven fuel cell stacks

ANAHEIM, Calif., April 28, 2025 /PRNewswire/ — Toyota Motor North America (TMNA) today announced the launch of a new commercially focused Toyota Hydrogen Solutions webpage as a business hub for those interested in Toyota’s hydrogen-related products, services and solutions. The new site will offer product information, provide case study examples, and offer contact information to help customers find products that offer them a pathway to reduce their emissions using Toyota’s proven hydrogen-powered fuel cell technologies.

The new website was announced at the Advanced Clean Transportation Expo, where Toyota is showcasing how fuel cell technology can be used as a source of cleaner power to generate electricity to power devices and vehicle powertrains. Many of these fuel cells are already helping Toyota reduce emissions across its supply chain, and now Toyota is offering North American customers the ability to help them do the same.

Applications for fuel cells include stationary power generation capabilities, Class 8 semi-truck powertrains, modular commercial systems power and other innovations.

“While Toyota continues to offer its hydrogen-powered fuel cell electric technology in vehicle powertrains, we are more than a powertrain supplier,” said Jay Sackett, TMNA R&D chief engineer of Advanced Mobility. “We aim to provide a host of efficient solutions that help get work done. This new website is a clear indication that we are open for business and eager to offer technologies to benefit our customers.”

Today, Toyota’s fuel cell stacks can be found in a host of products, from the 2025 Toyota Miral FCEV sedan to quietly replacing diesel engines as backup power generators. Toyota fuel cells are also employed as powertrains in heavy machinery such as port and cargo-handling equipment and even passenger buses – emitting only water vapor.

Fuel cells work by binding Earth’s most abundant element, hydrogen, with oxygen to create electricity. Gaseous hydrogen can be found naturally or produced by processing water through an electrolyzer. It can also be processed from natural gas or steam-reformed methane, which can be sourced from water treatment centers and landfills.

“Toyota Hydrogen Solutions is here to offer society a proven technology and a pathway to a potentially cleaner fuel source,” said Thibaut de Barros Conti, TMNA general manager of Fuel Cell Solutions and Hydrogen Headquarters co-lead. “Using these technologies, with Toyota activating with key partners in the H2 supply chain, opens a clear path for a more sustainable hydrogen ecosystem.”

TMNA has been developing hydrogen fuel cell technologies in the U.S. for more than 30 years. The 2015 Toyota Mirai sedan was the first mass-produced fuel cell electric vehicle to go on sale to the public. Since then, the Gardena, California-based Hydrogen Headquarters (NA H2HQ) office has expanded operations and use cases and has performed vigorous tests with fuel cells in temperatures lower than -20° Fahrenheit in Canada to nearly 150° in Death Valley.

Globally, Toyota has sold more than 2,700 commercial fuel cell units to more than 100 customers. Toyota has prepared to assemble fuel cell module kits domestically in Georgetown, Kentucky.

To learn more about Toyota Hydrogen Solutions or inquire about business opportunities, visit: Toyota Hydrogen Solutions | Toyota.com.

About Toyota Hydrogen Headquarters (H2HQ)

Toyota Hydrogen Headquarters (H2HQ) is the lead office in North America for the development, engineering, commercialization and business operations of Toyota’s hydrogen fuel cell technologies. Based in Gardena, California, H2HQ works collaboratively with Toyota’s R&D offices in Michigan and Texas, as well as business units in Japan and internationally, to create zero-emissions fuel cell technologies that enable energy independence, innovation and the movement of people, goods, energy and information.

For more information: Toyota Hydrogen Solutions | Toyota.com.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.   

Toyota directly employs nearly 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 35 million cars and trucks at our 11 manufacturing plants. In spring 2025, Toyota’s plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 32 electrified options. 

Through its Driving Possibilities initiative, the Toyota USA Foundation has committed to creating innovative educational programs within, and in partnership with, historically underserved communities near the company’s U.S. operating sites.  

For more information about Toyota, visit www.ToyotaNewsroom.com. 

Media Contact:
Aaron Fowles
aaron.fowles@toyota.com

Jacob Brown
jacob.brown@toyota.com

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SOURCE Toyota Motor North America

Internova Travel Group, Hyatt and EARTHDAY.ORG collaborate to advance sustainability in luxury sector with Global Travel Collection

NEW YORK, April 28, 2025 /PRNewswire/ — Internova Travel Group, Hyatt and EARTHDAY.ORG joined forces last Tuesday, Earth Day, to reaffirm their support for sustainable practices and spotlight the vital role luxury travel advisors play in promoting environmental responsibility.

Hyatt’s Global Hospitality Sales Force hosted sustainability-themed lunches, brunches and dinners for Global Travel Collection’s luxury travel advisors at Internova’s offices in key global markets — London, Los Angeles and New York City. Global Travel Collection is the high-service premium and luxury travel agency of Internova Travel Group, one of the world’s largest travel services companies. A similar event was held for corporate travel managers at the offices of Internova’s ALTOUR corporate division in Mexico City.

The presentations showcased Hyatt’s support of planet-first practices including sustainable food, décor and a message of care at its more than 1,400 hotels and all-inclusive properties in 79 countries.

Representatives from EARTHDAY.ORG, the largest recruiter to the environmental movement, joined Internova’s Earth Day events to amplify the call for environmental action.

“Luxury travel and sustainability are not only compatible, they’re inseparable for today’s conscious traveler,” said Hyatt’s Tristan Dowell, Global VP of Sales for Luxury, Lifestyle & Leisure. “Our ongoing collaboration with Internova enables us to educate luxury travel advisors, who are major influencers in this sector, about our global environmental initiatives. We know that their clients are looking for this information as they make their travel plans.”

Studies have shown that there’s a growing alignment between sustainable travel and luxury experiences. Consumers are attracted to a sense of place and want to connect with the local culture while also traveling in a manner that helps to safeguard the planet.

“Today’s luxury travelers care deeply about the impact their trips have on the environment,” said Angie Licea, President, Global Travel Collection. “With the input of a valued industry leader like Hyatt, our expert travel advisors can help clients plan trips that include incredible experiences and amazing hotels and resorts while also adhering to their principles.”

April also marks Hyatt’s 15th annual Global Month of Service, during which hotels around the world donate time and resources to support local communities and environmental causes. In recognition of its collaboration with Internova’s Global Travel Collection, Hyatt has donated $2,000 to Azul Bio, an organization working to protect and restore coral reefs, vital ecosystems that are under threat from climate change.

“Hyatt plays a key role in our travel programs, and we are proud to host Earth Day activities with them and EARTHDAY.ORG,” said J.D. O’Hara, CEO, Internova Travel Group. “We share the same dedication to supporting sustainability, to mitigating the effects of climate change and to ensuring that travel is as environmentally friendly as possible.”

Internova’s Green Circle program and its Mindful Discovery Partner Series are designed to highlight sustainability leaders in travel. Hyatt is featured in the series this April, showcasing its innovations and values in front of over 100,000 travel advisors represented by Internova worldwide, especially Global Travel Collection’s more than 1,700 luxury advisors.

About Internova Travel Group
Internova Travel Group is one of the largest travel services companies in the world with a collection of leading brands delivering high-touch, personal travel expertise to leisure and corporate clients. Internova manages leisure, business and franchise firms through a portfolio of distinctive divisions. Internova represents more than 100,000 travel advisors in over 6,000 company-owned and affiliated locations predominantly in the United States, Canada and the United Kingdom, with a presence in more than 80 countries.

CONTACT:
Elizabeth Gaerlan
egaerlan@internova.com
1-212-944-1125

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SOURCE Internova Travel Group

LONDON and ATHENS, Greece, April 28, 2025 /PRNewswire/ — METLEN (the “Company” and “METLEN“) (RIC: MYTr.AT) (Bloomberg: MYTIL.GA) (ADR: MYTHY US) hosted its 2025 Capital Markets Day today at the London Stock Exchange, where the Company’s executive leadership presented its roadmap to achieve its target of €2 billion in EBITDA in the mid-term (based on organic growth prospects only, exclusive of any M&A) and unlock new pillars of growth across its integrated platform. The Company also reaffirmed its intention to pursue a primary listing on the London Stock Exchange.

The Capital Markets Day featured a comprehensive update on METLEN’s business activities by sector, including a presentation by Evangelos Mytilineos, CEO of METLEN, on the Company’s transition into a new strategic cycle as it incorporates Critical Metals (Gallium), Circular Metals and Defence into its portfolio alongside Energy, Metals, and Infrastructure & Concessions.

Key updates included:

Strong financial performance has seen the Company’s EBITDA triple since 2020 until today

• METLEN’s strong financial performance is underpinned by significant growth across all its sectors resulting in the Company tripling its EBITDA, more than doubling its revenue, and expanding its geographical footprint since 2020.
• Through its roadmap targeted to double EBITDA in the mid-term, METLEN is driving sustainable growth through a high-quality, integrated business model that is built to lead in the era of energy transition.

Robust liquidity has enabled the Company to fund growth

• METLEN’s disciplined financial approach has enabled it to maintain leverage consistently below 2x, even during significant CAPEX cycles.
• The Company has successfully expanded its access to international funding, now operating with robust liquidity in excess of €3 billion (Dec 2024), providing the flexibility needed to execute its business plan with confidence.
• Alongside this, the Company’s share price has risen over significantly since 2020, reflecting its solid operational performance and growing international visibility.
• The upcoming dual listing on the London and Athens Stock Exchanges, through a share exchange offer, will further align METLEN’s capital market profile with its international business footprint, enhancing shareholder value and access to global investors.

METLEN’s Energy sector continues to be a core engine of scalable growth

• METLEN’s renewables platform has now surpassed 2 GW of mature pipeline projects, supported by over €1.5 billion in EPC backlog, enabling continuous reinvestment through its Asset Rotation Plan.
• Its ambition to capture a 30% retail market share in Greece by 2028, paired with growing operations in grids, data centers, and digital demand management, remains on track and positions METLEN at the forefront of Europe’s energy transition.
• The Company has already established energy trading and supply hubs in Italy and Switzerland, further leveraging Europe’s interconnected energy markets and enhancing its import capabilities in natural gas.

METLEN’s Metals sector remains a European powerhouse in aluminium and strategic materials

• The Company is scaling its efforts in circular metallurgy, using proprietary, pilot-proven technologies to extract critical metals from industrial residues. With recovery rates of up to 99% and applications across multiple feedstock types, this platform is expected to deliver ~290 ktpa in output in the medium term, the majority of which will be high-value strategic materials — reinforcing both profitability and environmental impact.
• The Company’s recent entry into the gallium market — a strategic material for semiconductors and defence — with plans to produce 50 tonnes annually, will not only establish Greece within Europe’s gallium value chain, but also add a high-value lever to METLEN’s diversified portfolio.
• METLEN is reinforcing its strategic footprint by investing in cutting-edge defence solutions. The expansion of its industrial base in Volos, along with new partnerships with top-tier defence companies (Iveco Defence Vehicles (LINK), KNDS France (Link), positions METLEN as a vital player in Europe’s defence landscape.

Infrastructure & Concessions sector is emerging as a third major growth engine for the Company

• METLEN, through METKA ATE and M Concessions, is uniquely positioned to capitalize on Greece’s ~€18 billion annual infrastructure wave. The group’s dual structure — combining engineering execution with long-term concession development — creates a self-sustaining model that links project construction with recurring revenue.
• Flagship projects like the Thessaloniki Flyover, the bioclimatic school units, and the Thessaly irrigation scheme exemplify this integrated approach. METLEN aims to lead in the infrastructure sector by consistently delivering projects safely, on time, and with engineering excellence and cost efficiency.

The Capital Markets Day represented a milestone in METLEN’s long-term growth strategy, underscoring its unwavering commitment to operational excellence, disciplined investment, and top-tier performance — pillars that continue to define its trajectory as a resilient and forward-looking industrial leader.

Notes to editors:

• The detailed presentation given during the Capital Markets Day is found here:  https://www.metlengroup.com/media/bbqif2mf/cmd_presentation.pdf 
• Photo material is available here: https://we.tl/t-bm9l64UkeY
• The video of the entire Capital Markets Day event can be found here: https://youtu.be/vkYBddhYs0w 
• A video with statements from Evangelos Mytilineos is available here: https://youtu.be/6PoOQIs6JwI 
•  Capital Markets Day 2025 – Metlen Εnergy & Metals

METLEN:

METLEN Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.68 billion and €1.08 billion, respectively. METLEN is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, METLEN offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.

www.metlengroup.com | Facebook | Χ | YouTube | LinkedIn | TikTok

Forward Looking Statements:

Certain statements in this announcement are forward-looking. By their nature, forward looking statements involve risks, uncertainties, assumptions and other factors that are outside the control of METLEN and could cause actual results or events to differ materially from those expressed or implied by the forward-looking statement.

If you no longer wish to receive Press Releases and Updates from METLEN, click here.

 

Logo – https://mma.prnewswire.com/media/2430163/4743706/Metlen_Logo.jpg

 

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SOURCE METLEN Energy & Metals

WESTERLY, R.I., April 28, 2025 /PRNewswire/ — The Washington Trust Company will host free Community Shred Days at several branch locations throughout Rhode Island on Saturday, June 7^th and Saturday, June 14^th. All events will take place from 10 a.m. to 12 p.m.

Washington Trust customers and community members are welcome to take part in the events. All paper products that may contain sensitive or personal information will be accepted, as will DVDs, CDs, cassette tapes, and floppy discs that have been removed from their case. Staples, rubber bands, folders and paper clips do NOT need to be removed. There is a two-box maximum per person.

The events are free, but the Bank will be collecting hygiene product donations at all locations, in partnership with Amenity Aid, an organization dedicated to ending hygiene poverty by collecting & distributing personal hygiene items to direct service agencies throughout RI.

The shred days are part of Washington Trust’s broader efforts to help to educate community members about identity protection, data security and environmental sustainability.

The dates and locations for the 2025 Summer Community Shred Days are:

June 7^th, 10 am-noon:

• Washington Trust, 7625 Post Road, North Kingstown, RI
• Washington Trust, 126 Franklin St, Westerly, RI
• Washington Trust, 732 Tiogue Ave, Coventry, RI

June 14^th, 10 am-noon

• Barrington Public Library, 281 County Rd, Barrington, RI
• Smithfield Senior Center, 1 William J Hawkins Jr. Trail, Smithfield, RI

For more information, visit www.washtrust.com/shred.

ABOUT WASHINGTON TRUST^®

Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust values its role as a community bank and is committed to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island, Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc., a publicly-owned holding company which trades on NASDAQ: WASH. For more information, visit the Bank’s website at www.washtrust.com or the Corporation’s website at ir.washtrust.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/washington-trust-to-host-free-community-shred-days-in-june-302439892.html

SOURCE The Washington Trust Company

BANGALORE, India, April 28, 2025 /PRNewswire/ — Permanent Magnet Synchronous Motor (PMSM) Market is Segmented by Type (Below 5Kw, 5-10Kw, 10-50Kw, Above 50Kw), by Application (Automotive, Elevator, Industry & Automation).

The Global Market for Permanent Magnet Synchronous Motor (PMSM) was valued at USD 15580 Million in the year 2024 and is projected to reach a revised size of USD 26010 Million by 2031, growing at a CAGR of 7.7% during the forecast period.

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Major Factors Driving the Growth of Permanent Magnet Synchronous Motor (PMSM) Market:

The permanent-magnet synchronous motor market is transitioning from fragmented application clusters into an integrated, technology-platform play spanning consumer, industrial, and transportation domains. Compound annual growth remains in double digits, underpinned by energy-efficiency mandates, e-mobility deployment, and rapid cost declines in power electronics. Competitive landscapes feature tiered players: Chinese volume leaders leverage scale in magnet supply; European innovators focus on axial-flux and hair-pin winding breakthroughs; North American incumbents integrate digital twins and predictive service contracts. Strategic mergers centre on securing magnet capacity and inverter IP, while joint ventures with automotive OEMs lock in multi-year offtake agreements. Success increasingly hinges on life-cycle carbon metrics, field-upgradable firmware, and resilient supply chains, positioning agile manufacturers for sustained profitability in the forthcoming electrified decade globally.

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TRENDS INFLUENCING THE GROWTH OF THE PERMANENT MAGNET SYNCHRONOUS (PMSM) MOTOR MARKET:

Below-5 kW permanent-magnet synchronous motors catalyse market growth by addressing the booming demand for high-efficiency, compact drives in small domestic appliances, robotics end-effectors, medical pumps, and two-wheel e-mobility platforms. Start-ups designing smart kitchen devices adopt these fractional-horsepower units to cut energy consumption by double-digit percentages versus brushed DC counterparts, satisfying eco-label thresholds in Europe and Japan. In warehousing, low-voltage collaborative robots integrate sub-5 kW PMSMs to achieve quiet, torque-dense actuation that meets ISO 10218 safety speed limits. Asia’s electric scooter assembly lines standardise interchangeable hub motors rated under 5 kW, enabling swappable-battery business models and government subsidy eligibility. High production volumes of NdFeB magnets in China compress bill-of-materials cost, making these miniature machines pivotal in propelling aggregate PMSM revenue upward.

The 5–10 kW segment accelerates PMSM market expansion by powering residential heat pumps, commercial drones, light electric four-wheelers, and industrial automation modules requiring mid-range torque without the bulk of induction motors. European climate-policy incentives drive installers to specify seven-kilowatt inverter-driven PMSMs in air-source heat pumps, where seasonal coefficient of performance rises markedly due to low rotor losses. Agritech firms employ eight-kilowatt axial-flux designs in autonomous field robots, extending battery runtimes and reducing diesel dependency. Delivery-drone manufacturers adopt nine-kilowatt outrunners that maintain thrust density while withstanding altitude changes. Tier-1 suppliers for neighbourhood EVs leverage modular 48-volt, 10 kW powertrains to meet urban emission-free zones. These applications aggregate demand, solidifying the 5–10 kW category as a critical revenue engine for PMSM producers.

Automotive electrification represents the largest catalyst for permanent-magnet synchronous motor deployment, as OEMs transition from internal-combustion to battery powertrains and auxiliary electrified subsystems. High-performance PMSMs dominate front and rear e-axle assemblies, delivering superior torque density, rapid response, and regenerative braking efficiency compared with induction motors. Mild-hybrid architectures integrate belt-starter-generators based on interior-permanent-magnet topology, shaving CO₂ emissions to comply with stringent CAFÉ and Euro 7 targets. Thermal-management pumps, power-steering actuators, and electric superchargers adopt compact PMSMs, multiplying unit counts per vehicle. Emerging 800-volt platforms in premium EVs amplify demand for high-speed, oil-cooled variants using segmented NdFeB magnets to mitigate eddy losses. As global EV production volumes surge and vertical integration deepens, automotive procurement contracts underpin long-term revenue visibility for PMSM manufacturers.

Escalating global energy-efficiency mandates elevate the appeal of permanent-magnet synchronous motors, whose IE5-class performance surpasses induction alternatives by several percentage points. The International Energy Agency’s roadmap urges adoption of ultra-premium motors across industrial processes, while regions such as North America enforce minimum efficiency regulations under DOE Rulemaking. Manufacturers retrofitting compressors, conveyors, and fan systems achieve rapid payback via reduced kilowatt-hour consumption, particularly as electricity tariffs rise. Lifecycle calculators highlight savings over motor service life, convincing procurement teams to prioritise PMSM upgrades. Certification programmes like CE and UL verify compliance, simplifying tender qualifications. As corporate ESG targets demand quantifiable carbon reductions, high-efficiency PMSMs become indispensable across all major markets.

Rapid deployment of distributed renewable-energy assets, including rooftop solar inverters and small-scale wind turbines, stimulates demand for high-torque, variable-speed generators based on PMSM topology. These systems convert low-speed mechanical input into grid-compliant power with superior efficiency across broader speed ranges than doubly-fed induction machines. Microgrid developers value compact footprints and minimal maintenance, attributes delivered by brushless magnet excitation. Grid codes increasingly require inertial support and fault-ride-through; advanced field-oriented control of PMSMs meets such requirements. Local manufacturing of generator-grade magnets in India, Vietnam, and Brazil lowers logistics costs, making renewable integration attractive. As governments escalate targets toward net-zero, subsidies for community wind and hybrid PV projects accelerate orders, cementing renewable-energy integration as a pillar for the PMSM industry.

Fourth-industrial-revolution investments in smart factories and logistics hubs intensify demand for precise, maintenance-light electric drives, areas where PMSMs excel due to synchronous speed control and high power factor. Automated guided vehicles, delta robots, and high-speed pick-and-place arms deploy compact PMSMs to achieve micron-level positioning with minimal heat. Variable-frequency drives with real-time Ethernet enable predictive maintenance dashboards, reducing downtime costs. As e-commerce orders skyrocket, fulfilment centres integrate thousands of such motors into crossbelt sorters and vertical lifts, multiplying unit shipments. Premium efficiency lowers facility carbon footprints, aligning with disclosure frameworks like CDP. Tax deductions for Industry 4.0 upgrades further sweeten investment cases. Consequently, industrial automation momentum transforms PMSMs from niche servo roles into factory workhorses, amplifying market scale.

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PERMANENT MAGNET SYNCHRONOUS (PMSM) MOTOR MARKET SHARE:

The major players in the global Permanent Magnet Synchronous Motor (PMSM) market include Mitsubishi Electric, HITACHI, ABB, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 70% of the global market. 10-50Kw is the main type, with a share of about 40%. Industry & Automation is the main application, which holds a share of about 60%.

Key Companies:

• Mitsubishi Electric
• Hitachi
• ABB Ltd
• Siemens AG
• GE
• Bosch
• Meidensha
• JJE
• Continental AG
• Alstom
• Broad Ocean
• Toshiba
• XIZI FORVORDA

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Permanent Magnet Synchronous Motor for Power market was valued at USD 175 Million in 2023 and is anticipated to reach USD 245.2 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

– Rail Transit Permanent Magnet Synchronous Motor Market was valued at USD 118 Million in the year 2024 and is projected to reach a revised size of USD 143 Million by 2031, growing at a CAGR of 3.2% during the forecast period.

– Low Inertia High Speed Inner Rotor Permanent Magnet Synchronous Motor Market was valued at USD 964 Million in the year 2024 and is projected to reach a revised size of USD 1417 Million by 2031, growing at a CAGR of 5.6% during the forecast period.

– High Power Density Permanent Magnet Synchronous Motor Market

– Low Voltage Permanent Magnet Synchronous Motor Market

– Permanent Magnet Synchronous Motor HVLS Fan Market

– Oil-cooled Permanent Magnet Synchronous Motors Market

– Permanent Magnet Synchronous Traction Machine market is projected to reach USD 2833.7 Million in 2029, increasing from USD 1815 Million in 2022, with the CAGR of 6.5% during the period of 2023 to 2029.

– Permanent Magnet Drive Market

– Three-Phase AC Permanent Magnet Synchronous Motor Market

– Permanent Magnet Brushless Coreless Motor Market was valued at USD 897 Million in the year 2024 and is projected to reach a revised size of USD 1650 Million by 2031, growing at a CAGR of 10.0% during the forecast period.

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SOURCE Valuates Reports

Recognition demonstrates company’s commitment to building sustainable homes through meaningful product innovations.

CHARLOTTE, N.C., April 28, 2025 /PRNewswire/ — The Electrolux 700 Series Front Load Laundry pair – designed for cold water efficiency – was named to Green Builder Media’s 2025 Sustainable Products of the Year.

Green Builder Media’s list showcases top-performing innovations that focus on green building and sustainable living. The organization applauded the Electrolux washer’s innovative and effective stain removal technology and cold-water wash settings that ensure consumers don’t sacrifice cleaning performance for eco-friendliness.

The Electrolux laundry pair is the brand’s newest laundry product offering to help consumers live better, save money and reduce their environmental impact with ease and without sacrifice.

Product features include:

• ENERGY STAR® Most Efficient 2025 Washer: The highest public declaration of appliance energy efficiency available through EPA ENERGY STAR® in the US and Canada certifies both energy and water efficiency.
• Optimized for better performance in cold water: Cold water can deliver the same cleaning results, while saving on energy costs, reducing carbon emissions and helping clothes last longer.
• Smart Boost® technology: Premixes water and detergent for the most effective stain removal, even in cold water.
• Wear it Again^TM cycle: Dryer cycle that refreshes lightly worn or stored clothing in just 15 minutes, allowing consumer to avoid the wash altogether.
• “Leaf” indicator: The Care Meter on the user interface of both washer and dryer shows green leaf levels to help consumers choose settings that save water, energy and are gentler on fabrics.
• Certified zero waste to landfill: Both products are assembled in a certified zero waste to landfill facility.

“We pride ourselves on equipping consumers – and their loved ones – with the resources they need to make sustainable choices in their home,” said Ricardo Cons, president and CEO of Electrolux Group for business area North America. “Our laundry technology allows consumers to achieve comparable cleaning performance at lower temperatures while also significantly reducing energy costs, water consumption and carbon emissions. We appreciate the recognition from Green Builder Media and their shared goal of making sustainable homes accessible to all.”

About Electrolux Group
Electrolux Group is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our group of leading appliance brands, including Electrolux, AEG and Frigidaire, we sell household products in around 120 markets every year. In 2024, Electrolux Group North America had sales of $4.3 billion and employed more than 9,000 people. For more information go to www.electroluxgroup.com.

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SOURCE Electrolux Group