Month: May 2025

• Hyundai earns more wins than any other automaker for fourth-consecutive year
• Total of six awards—three for new vehicles and three for used models
• From cutting-edge sedans to versatile SUVs, Hyundai continues to deliver attainable, feature-rich vehicles for young drivers

FOUNTAIN VALLEY, Calif., May 28, 2025 /PRNewswire/ — Today, U.S. News & World Report lauded Hyundai with six category wins in the publication’s annual 2025 Best Cars for Teens awards – the most of any brand. Three wins were for new car categories (out of eight total) and three were earned in used car categories (out of four). This is the fourth-consecutive year that Hyundai has been recognized with more Best Cars for Teens awards than any other brand by U.S. News’ automotive experts. These award wins underscore Hyundai’s unwavering commitment to offering attainable vehicles with the safety, reliability, and technology that’s ideal for young and first-time drivers.

The 2025 Best New Cars for Teens

The Best Used Cars for Teens

“We are honored to be recognized by U.S. News as the Best Car for Teens because this award isn’t just about specs. It’s about trust. Teens want style, tech, and freedom. Parents want safety, reliability, and peace of mind. Hyundai delivers both, without making anyone compromise,” said Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. “Teens view our vehicles as proud rides, and this award reflects our belief that the next generation deserves great design, smart tech, and real protection right from their very first keys.”

“Hyundai’s domination of our Best Cars for Teens awards demonstrates its continuing commitment to building affordable, safe and compelling vehicles for drivers young and old,” said Zach Doell, editor of vehicle testing, U.S. News & World Report. “All of this year’s winners offer top-notch crash scores and safety systems, including an app that can help monitor driving behavior, which should help reassure parents as they hand over the keys. But these winners are also affordable to buy and run. That past new-vehicle winners, like the 2022 Elantra Hybrid and versions of the Tucson and Santa Fe are now Best Used Cars for Teens winners reaffirms their long-term value propositions.”

Each Hyundai model recognized by U.S. News & World Report comes standard with advanced safety technologies including forward collision warning, automatic emergency braking, lane-keeping assist, and lane-departure warning. Many also include teen driver controls and connected features that allow parents to monitor driving habits to help promote safer learning experiences on the road.

To earn a spot on the Best New Cars for Teens list, vehicles must demonstrate exceptional performance in predicted reliability, crash safety, advanced driver assistance systems, and critical acclaim. For Best Used Cars for Teens, vehicles from model years 2020–2022 must also offer strong safety scores, low ownership costs, and enduring positive reviews from automotive experts.

About U.S. News Best Cars
Since 2007, U.S. News Best Cars, the automotive channel of U.S. News & World Report, has published rankings and reviews of the majority of new vehicles sold in America. Each year, U.S. News also publishes the Best Cars Awards, including Best Vehicle Brands, Best Cars for the Money and Best Cars for Families. U.S. News Best Cars supports car shoppers throughout the entire car buying journey, offering industry-leading advice for researching cars and finding cars for sale, as well as its U.S. News Best Price Program.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai’s 850 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit www.hyundainews.com.

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok 

 

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SOURCE Hyundai Motor America

XIAN, China, May 28, 2025 /PRNewswire/ — On May 16, the FORTUNE China officially unveiled its ESG Impact list, with LONGi securing its place on the ranking once again for its outstanding practices in environmental, social, and governance (ESG) domains. This marks the third time that LONGi has been honored since the list’s inception, further solidifying its global influence in sustainable development practices within the photovoltaic industry.

In 2024, LONGi deepened its ESG practices and achieved multiple sustainability goals ahead of schedule, reflecting its relentless efforts to realize its vision of “affordable for all.” In ESG ratings, the company saw its MSCI ESG rating upgraded to BBB in 2024, earning the highest key issue scores among global semiconductor companies listed on A+H shares and topping the photovoltaic sector. LONGi also became the first in its industry to receive the “Industry Top Movers” distinction from S&P Global Corporate Sustainability Assessment (CSA) and was included in the S&P Global Sustainability Yearbook (China Edition) 2025. Additional accolades—such as the EcoVadis Gold Medal (top 5% globally), CDP Water Security A- leadership rating, and a leading FTSE Russell ESG score of 3.8—underscore its benchmark status and industry leadership in ESG governance.

As a clean energy innovator, LONGi places environmental responsibility at the core of its mission. In 2024, the company achieved significant progress in decarbonization and resource efficiency: its annual green electricity usage ratio rose to 47.5%, equivalent to reducing carbon emissions by approximately 2.5467 million metric tons. Its Jiaxing production base became the photovoltaic industry’s first “Lighthouse + Zero-Carbon” factory. In green supply chain development, as the first in the industry to obtain ISO 20400 sustainable procurement certification, LONGi conducted ESG due diligence for 123 new suppliers and 136 qualified suppliers in 2024, performed on-site audits for 48 critical suppliers, and facilitated 23 suppliers in obtaining certifications or improving disclosures.

To advance energy equity, LONGi partnered with the UN Refugee Agency (UNHCR) in 2023 to launch a three-year global collaboration (2024–2026) focused on green transformation in humanitarian supply chains through renewable energy solutions. In November 2024, LONGi completed its first milestone project under this partnership: a 700-kilowatt solar photovoltaic power station at the Termez Humanitarian Logistics Center in Uzbekistan. The facility is expected to generate approximately 989,933 kilowatt-hours of electricity annually while reducing carbon emissions by 495 metric tons per year. This project represents a critical step in providing sustainable energy for emergency logistics and storage, setting a green transition model for global humanitarian operations and demonstrating renewable energy’s potential in crisis-response infrastructure.

As a responsible company, LONGi is driven by its mission to ‘making the best of solar energy to build a green world’, striving to be a pioneer, practitioner, and leader in sustainable development within the clean energy sector. Looking ahead, LONGi will continue to advance its ESG practices, leveraging technological innovation and global expansion to accelerate the energy transition and contribute to building a zero-carbon future for our planet.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/

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SOURCE LONGi

Retail giants like Tokopedia, FARFETCH, and Leboncoin turn to Zilliz for faster search, smarter recommendations, and massive infrastructure savings.

REDWOOD CITY, Calif., May 28, 2025 /PRNewswire/ — Zilliz, creator of the world’s most widely adopted open source vector database, Milvus, today announced widespread adoption of its vector database solutions by leading global e-commerce platforms. From visual search and semantic recommendations to real-time inventory matching, retailers using Zilliz Cloud and Milvus report improved customer experiences, faster performance, and infrastructure savings of up to 75%.

“As shoppers increasingly expect instant, intuitive search across massive catalogs, retailers need AI-native infrastructure built for unstructured data,” said Chris Churilo, VP of Marketing at Zilliz. “Our customers are delivering next-generation discovery experiences — powered by vector search — while dramatically reducing cost and complexity.”

Unlocking the Future of Product Discovery

E-commerce platforms implementing open-source Milvus and Zilliz Cloud (a fully managed Milvus service) for vector search are unlocking new capabilities that directly impact their bottom line:

Unlocking the Future of Product Discovery

Retailers across regions and segments are adopting Zilliz to power high-performance, scalable AI search and recommendation systems. Results include:

• Up to 40% more accurate product matching using hybrid semantic + keyword search
• Sub-30ms latency for personalized recommendations — even during traffic spikes
• 75% infrastructure cost savings by consolidating legacy systems into a single vector database
• Faster visual and multimodal search, enabling users to upload photos or describe styles and find products instantly

“Zilliz Cloud gave us the speed and scale we needed to power visual search, meeting our sub-200ms latency target and making product discovery seamless for millions of users,” said Yann Lemonnier of Leboncoin.

“Our search is now 10× smarter and more reliable with Milvus,” added Rahul Yadav of Tokopedia, serving 90 million monthly users.

Proven Results Across Global Retailers

E-commerce leaders across Asia, Europe, and North America are reporting breakthrough improvements in performance and efficiency after switching to Zilliz:

• Leboncoin (France): Built a visual search engine on 80M listings with sub-200ms latency using Zilliz Cloud
• Tokopedia (Indonesia): Deployed hybrid search (vector + keyword) for 90M monthly users, resulting in 40% more accurate matches
• VIPSHOP (China): Replaced Elasticsearch-based recommender system with Milvus, achieving 10× faster queries and 30ms response times
• Beni (US): Scaled to 200M listings and 1M daily updates while cutting infrastructure costs by 75%

These platforms also report simplified architecture, faster deployment of new AI features, and improved reliability during peak traffic periods.

A New Standard for AI Infrastructure

Zilliz Cloud, a fully managed vector database service, provides retailers with the ability to:

• Handle billions of unstructured data points with sub-100ms latency
• Combine semantic and keyword search in a single system
• Scale seamlessly across regions and traffic volumes
• Reduce cost and complexity by consolidating infrastructure

Organizations looking to transform their e-commerce experiences with vector search can learn more about Zilliz Cloud at zilliz.com/cloud or contact sales for more details.

About Zilliz

Zilliz is an American SaaS company that builds next-generation vector database technologies, helping organizations unlock the value of unstructured data and rapidly develop AI and machine learning applications. By simplifying complex data infrastructure, Zilliz brings the power of AI within reach for enterprises, teams, and individual developers alike. Zilliz offers a fully managed, multi-cloud vector database service powered by open-source Milvus, supporting major cloud platforms such as AWS, GCP, and Azure, and is available across more than 20 countries and regions.

Headquartered in Redwood Shores, California, Zilliz is backed by leading investors including Aramco’s Prosperity7 Ventures, Temasek’s Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others.

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SOURCE zilliz

XUZHOU, China, May 28, 2025 /PRNewswire/ — Xuzhou Construction Machinery Group Co., Ltd. – On May 20, the 7th XCMG International Customer Festival (hereinafter referred to as ICF 7) was officially launched under the theme “Solid Innovation for a Green Tomorrow,” reaffirming its commitment to sustainable development. Over 2,000 customers from more than 80 countries came to Xuzhou to witness cutting-edge innovations and explore future-ready solutions for a greener, smarter, and more connected world.

At the opening ceremony, Mr. Yang Dongsheng, Chairman of XCMG Machinery, extended his gratitude and respect to global partners. Quoting an ancient saying, “Those who share the same aspiration are never far apart,” he emphasized that every breakthrough in XCMG’s globalization journey is built on the trust, wisdom, and contributions of its international customers, highlighting a shared chapter of growth and success.

As the construction industry faces mounting pressure to address climate change, XCMG has placed sustainable principles at the core of its strategy—leading the transition toward intelligent, low-carbon, and environmentally responsible equipment. This year’s ICF 7 showcased XCMG’s full-spectrum green solutions, including electric machines for all product lines and intelligent systems, designed to enhance energy efficiency, reduce emissions, and optimize productivity.

A highlight of the ceremony was Mr. Yang delivering six golden keys to global customer representatives, marking the mass delivery of high-end and eco-friendly machinery. Customers praised the equipment as “solutions, not just machines,” tailored to meet the evolving demands of smart and sustainable construction.

ICF 7 also witnessed a record-breaking volume of signed orders, with total intended contract values nearing USD 800 million—an all-time high for XCMG’s International Customer Festival. Orders covered a broad spectrum of advanced equipment, including cranes, earthmoving machinery, mining machines, road construction vehicles, and aerial work platforms, all reflecting integrated, intelligent, and eco-friendly solutions.

Beyond economic impact, ICF 7 emphasized knowledge-sharing, with demonstrations of integrated smart and green solutions, intelligent control systems, and full lifecycle service technologies. XCMG continues to invest in R&D, global partnerships, and green manufacturing to help clients reduce their carbon footprint while achieving operational excellence.

Over 2,000 overseas customers traveled far to Xuzhou, taking home more than equipment — they gained renewed confidence in “Made in China, Made in XCMG”. As a trusted partner in the global construction machinery industry, XCMG remains committed to driving technological transformation and sustainable growth through its core focus on innovation and green development.

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SOURCE Xuzhou Construction Machinery Group Co., Ltd.

VANCOUVER, BC, May 27, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the second tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $500,000 (collectively, the “Loans“). Please refer to the Company’s news release dated May 13, 2025 for more details regarding the term loan offering.

The Company anticipates closing the second tranche of U.S. $500,000 from companies associated with the CEO and a Director of the Company (together, the “Lenders“). Management anticipates that the Company will allocate the net proceeds from the Loans towards production costs, supplier payments, payroll and working capital.

As an inducement for the Loans, the Company will issue non-transferable share purchase warrants (each, a “Loan Bonus Warrant“) to one of the Lenders, with the number of Loan Bonus Warrants to be determined by the principal amount of the applicable Loan divided by the Market Price (as such term is defined in the Policies of the TSX Venture Exchange)(the “Market Price“). Each Loan Bonus Warrant will entitle the holder to purchase one common share of the Company (each, a “Share“) at an exercise price equal to the Market Price of the Shares on the closing date for a period of twenty-four (24) months. In addition, two Lenders will be issued Shares (each a “Loan Bonus Share“), with the number of Loan Bonus Shares to be determined by taking 20% of principal amount of the applicable Loans divided by the Market Price.

The Lenders are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“) and each of the Loans and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value, in each case, of the Loans, the Loan Bonus Warrants and the Loan Bonus Shares, as applicable, is not more than 25% of the Company’s market capitalization.

All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company