Delta Air Lines today reported financial results for the fourth quarter and full year 2021 and provided its outlook for the March quarter 2022.  Highlights of the December quarter and full year 2021 results, including both GAAP and adjusted metrics, are on page five and are incorporated here. “2021 was a year like no other […]

HONG KONG, Jan 13, 2022 - (ACN Newswire) - At 9:00 am on January 8, 2022, Weichai Power (Stock codes: 2338.HK; 000338.SZ) released the world's first diesel engine with a base engine thermal efficiency of 51.09% and major achievements in hydrogen technology achievements.
Tan Xuguang, CPC Secretary and Chairman of Shandong Heavy Industry Group, Chairman of Weichai Power and Director of the Academic Committee of the National Fuel Cell Technology Innovation Center, reported the research findings of the world's first diesel engine with a base engine thermal efficiency of 51.09% developed by Weichai Power, the operation of the National Fuel Cell Technology Innovation Center and the "Hydrogen for Every Home" technology demonstration project. TuV SuD, an world-renowned test authority, issued a certificate of thermal efficiency of 51.09% to Weichai Power. Then the delivery ceremony of hydrogen-powered heavy-duty truck delivery for demonstrative operation between Shandong Heavy Industry and Shandong Port was held.

FISITA, MIT, AVL, FEV, SwRI, Bosch Group and Vitesco Technology, as well as the China Mechanical Engineering Society, the China Automotive Engineering Society, the China Internal Combustion Engine Society and the China Internal Combustion Engine Industry Associations extended congratulations on the release of the diesel engine by message or video link.

Challenging Limits, Scaling New Heights

Today when green and low carbon development has become a global consensus, China has set the strategic goal of achieving carbon peak by 2030 and carbon neutralization by 2060. Transportation is an important field for this target, and the internal combustion engine industry plays an important role in this process.

Thermal efficiency is the yardstick for the fuel efficiency of internal combustion engines: higher thermal efficiency represents lower fuel consumption and better effects of energy conservation and emission reduction. It is also a reflection of a country's technical strength in diesel engines. Improving thermal efficiency has been the common pursuit of the global diesel engine industry since diesel engines emerged 125 years ago. Weichai Power released the world's first commercial diesel engine with a base engine thermal efficiency of 50.23% in Jinan on September 16, 2020, establishing a new thermal efficiency benchmark for global diesel engines, just like the first time in human history that a 100-meter sprint was completed in 10 seconds. Just 480 days later, Weichai set a new world record by increasing the base thermal efficiency to 51.09% just as a 100-meter race was completed in 9 seconds, further enhancing China's significance in the global internal combustion engine industry.

The base engine thermal efficiency of 51.09% is another significant revolution of traditional engines, as well as a technical preparation for the implementation of the "China VII" emission standard. The application of this technology will help Weichai Power lead the world in a full spectrum of diesel engines, be of great strategic significance to promoting the energy-efficient and green development of China's traditional internal combustion engine industry, and play a significant leading role in the global internal combustion engine industry.

According to estimation, compared with existing key products (diesel engines with thermal efficiency of 46%) on the market, those with a thermal efficiency of 51% can lead to a reduction of 10% in fuel consumption and carbon dioxide emissions alike, saving fuel consumption by 16 million tons and costs by approximately 140 billion yuan annually, and reducing carbon dioxide emissions by 50 million tons annually. With the massive use of the top technology in the industry, it will generate huge economic and social benefits.

Hydrogen-powered Future, Shandong Model for Hydrogen Industry

While promoting the innovative and low-carbon development of traditional engines, Weichai Power has taken the new energy industry as an important strategy. The first batch of Sinotruk hydrogen-powered heavy-duty tractor trucks with Weichai's high-power hydrogen fuel cell systems are powerful, eco-friendly, safe, reliable and efficient for full-time use.

In 2021, the National Hydrogen Cell Technology Innovation Center, the only of its kind in China, was established under the initiative of Weichai Power. Meanwhile, the Ministry of Science and Technology (MOST) and Shandong entered into a framework agreement on the "Hydrogen for Every Home" technology demonstration project. Based on the center, the ministry has carried out multi-scenario demonstrative application of hydrogen energy in Shandong, and sped up breakthroughs in key hydrogen technologies and the development of the hydrogen industry, thereby creating a duplicable Shandong sample for the hydrogen industry.

Since the launch of the "Hydrogen for Every Home" technology demonstration project, with the strong support of MOST and Shandong, the National Hydrogen Cell Technology Innovation Center has established an innovation consortium centered on Weichai Power and constituted by enterprises, universities and research institutes, to accelerate technical breakthroughs and industrialization, and successfully develop 15-200kW hydrogen fuel cell systems. The company's 200kW fuel cell systems were selected for the National Exhibition on Sci-tech Achievements in the "13th Five-Year" Period in October 2021. The company was the first to conduct an environmental adaptability test of fuel cell vehicles in extreme cold, achieving one-time successful start-up at a temperature of 34 degrees Celsius below zero. The company was the first in the industry to turn out products lasting 30,000 hours, pioneering the industrialization of Chinese fuel cells.

Based on its highly reliable fuel cell products, Weichai Power has carried out multi-scenario demonstrative application. In terms of hydrogen-powered parks, the company's first large-power container-type hydrogen fuel cell heating and power generation system and 30kW solid oxide fuel cell heating and power system, both the first of its kind in China, were put into operation in Weifang; the company developed China's first 3t hydrogen fuel cell forklift, creating a zero-carbon-emission logistics handling environment. In terms of hydrogen-powered ports, China's first 80-seat hydrogen fuel cell passenger ship developed by the company was tested successfully with zero carbon emission in the Xueye Lake, Jinan; and the company launched China's first hydrogen fuel cell heavy-duty truck demonstration project at Qingdao Port. In terms of hydrogen-powered highways, China's first highway hydrogen fueling station constructed by the company went into operation; a 49t fuel cell heavy-duty truck powered by Weichai operated for more than 5,000 kilometers from Taishan Steel, Jinan to Dongjiakou Area of Qingdao Port. On October 27, 2021, a Chinese original, world leading and fully-homemade Sinotruk Huanghe ski-waxing truck with a Weichai 162kW hydrogen fuel cell system was delivered for use during the Winter Olympic Games Beijing 2022. On January 4, General Secretary Xi Jinping inspected the ski-waxing truck. A series of outcomes marks that the "Hydrogen for Every Home" technology demonstration project is turning from blueprint into reality.

Tan said t he base engine thermal efficiency of the internal combustion engines being up to 51.09%, massive application of new energy in products, and the "dual driving force" strategy, have kept Weichai Power ahead in the development of traditional high-end engines and new energy engines, and opened up a new path for diversified energy transformation under the national strategy of carbon peak and carbon neutralization.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAt 9:00 am on January 8, 2022, Weichai Power (Stock codes: 2338.HK; 000338.SZ) released the world's first diesel engine with a base engine thermal efficiency of 51.09% and major achievements in hydrogen technology achievements.

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Berlin, Germany, Jan 12, 2022 - (ACN Newswire) - EnviDa, sold out for private sale in December 2021. On 01.01.2022, EnviDa's pre-sale launched. EnviDa, which has collected € 1.5M through private sales, is pursuing the same success in pre-sale.

In recent years, a concept called crypto mining has entered our lives. With cryptomining, a new income source has been born for people. For example, in 2013, miners earned a total of $1 million per month. In 2021, the daily earnings of miners totaled $60 million.

However, this was not easy…

Mining of the most well-known cryptocurrencies such as Bitcoin, Ethereum became more difficult as the unmined amount decreased. Therefore, different technologies have developed to be able to mine cryptocurrencies. As technology developed, the cost of mining equipment increased.

As a result of all these developments, cryptocurrency mining has become complex and inextricable. Old technologies are no longer profitable. The amount of electricity wasted has caused environmental problems. Some countries have banned crypto mining. European Union countries have also been discussing recently about regulating cryptocurrency mining due to the environmental effects of electricity consumption.

DriveMining seeks to find solutions to these problems.

Berlin-based DriveMining offers a different alternative to both cryptocurrency mining and energy consumption. DriveMining is integrated into electric-hybrid vehicles or large but diesel vehicles such as buses and trucks, mining cryptocurrencies while the vehicle is in motion. DriveMining can mine EnviDa Token and 10 different cryptocurrencies thanks to the programmability feature of the FPGA chips it uses.

DriveMining collects environmental data such as carbon dioxide emissions, carbon footprint and air pollution, thanks to a sensor integrated into the device, and transfers this data to the EnviDa blockchain. Thus, a database is created that can travel all over the world and saves the environmental data it visits to an immutable and transparent blockchain. The data collected here will provide a holistic perspective to the projects to be produced in the future within the scope of combating the climate crisis. The huge data library created on the EnviDa blockchain can be purchased in exchange for EnviDa Token.

DriveMining currently provides B2B services. Taxi stands, truck fleets, bus companies will be able to earn passive income through cryptocurrency mining by installing DriveMiner on their vehicles. Next, DriveMining will offer its home edition mining technology to the public.

EnviDa's future plans

Street imaging is among the future plans of the EnviDa project, which has a flexible structure due to its technology. Thanks to the 360-degree camera system to be integrated into the vehicles with DriveMiner, vehicles that are already in traffic will be able to collect street images of the areas they pass. Again, these images can be converted via oracle and saved on the EnviDa blockchain. In this way, an indelible visual pool will be created that shows the change of streets retrospectively and constantly updated street images can be included in map applications.

In addition, EnviDa has its eye on future relay chain technology. If the relay chain technology is implemented, the EnviDa blockchain can communicate with other blockchains and strengthen each other more, creating a larger data pool.

Assembly place leased

EnviDa Token started pre-sale as of January 1, 2022. They collected 1.5 million euros in a sold out private sale. According to their statement, with this money, they rented the assembly place of DriveMiners in Berlin, the capital of Germany. In this place, DriveMiners will be mounted on electric-hybrid vehicles and large but diesel vehicles such as trucks and buses.

Reminder: EnviDa's pre-sale is still ongoing. You can go to envidatoken.io ( http://envidatoken.io/ ) address and learn more by reading WhitePaper.

About the Company

The DriveMining Project - EnviDa - is a cryptocurrency project that opens the door to efficient and passive mining for a wide range of audiences.

Social Links:
Facebook: https://www.facebook.com/envida.datatracking
Twitter: https://www.twitter.com/envidadatatrack
Instagram: https://www.instagram.com/envida.datatracking
Reddit: https://www.reddit.com/r/EnviDa/
Telegram: https://t.me/envidatokenio

Media Contact
EnviDa
Huseyin Uysal, CEO
E: hello@envidatoken.io
W: https://envidatoken.io

SOURCE: EnviDa

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Try to act surprised: The Urus accounted for nearly 60 percent of all sales.

HONG KONG, Jan 12, 2022 - (ACN Newswire) - A highlight event celebrating the 25th anniversary of the Hong Kong Special Administrative Region (HKSAR), the 15th Asian Financial Forum (AFF), organised by the Government of the HKSAR and the Hong Kong Trade Development Council (HKTDC), came to a successful conclusion yesterday (11 January). Running on the theme "Navigating the Next Normal towards a Sustainable Future", the online-only AFF 2022 featured real-time polls to gauge the views of participants on a spectrum of topics, including the global economic outlook, environmental, social and governance (ESG), climate risks and green investment trends. This year, over 700 one-on-one matchmaking meetings between investors and project owners have been arranged in the three-day AFF Deal Flow Matchmaking Session. As of 11 January, the AFF virtual platform had seen more than 63,000 views from 80 countries and regions.
Delivering his remarks on the second morning of AFF 2022, Paul Chan, Financial Secretary of the HKSAR, noted the tremendous opportunities for Hong Kong's financial market created by Mainland China's continued development. "The national 14th Five-Year Plan sets out the long-range objectives of the country through the year 2035, and strategically affirms the role and positioning of Hong Kong in the overall development of our country, presenting opportunities in various areas of importance. Of all the specific roles for Hong Kong that have been reaffirmed or established, the one of particular relevance to us on this occasion is Hong Kong's continued expansion as an international financial centre, encompassing the strengthening of our status as a global offshore renminbi business hub as well as an international asset management and risk management business centre," Mr Chan said.

43% of poll respondents optimistic on global economy; 33% say lack of unified ESG standards as top challenge of businesses

Online polls have been conducted during the AFF to gauge participants' views on a range of issues including the global economic outlook and ESG. It found that 43% of respondents were optimistic about the outlook for the global economy in 2022 - a significant increase from 32% in the poll at AFF 2021 - while 33% of respondents had a neutral view and 24% expressed pessimism. The results indicate a generally more positive sentiment towards economic prospects in 2022.

When asked about the most significant barrier preventing their companies from implementing more ESG-friendly policies, 33% pointed to the lack of unified, easily understandable ESG standards and 22% cited the difficulty in balancing ESG practices and business goals. As for the sectors with the most opportunities for green investment in Asia, 45% identified green energy, followed by real estate and construction (16%), transportation infrastructure (14%) and agriculture and food (14%).

Pulse survey says neglecting ESG will lose business opportunities and clients

PwC and the HKTDC jointly presented a pulse survey, "ESG Investing: Challenges and Opportunities for Hong Kong", during AFF 2022. Speaking at the forum, Elton Yeung, Vice Chairman of PwC China, said the survey indicated that more than half of the respondents believed that neglecting ESG factors could affect organisations' ability to attract business opportunities and retain clients. Nearly 40% said it could affect their organisation's reputation and the sustainability of their operations in the long run.

The report also pointed out that the involvement of boards and executive directors in ESG matters is effective in encouraging companies to move towards sustainability. The green bond market and unified carbon emissions trading market in the Guangdong-Hong Kong-Macao Greater Bay Area provides significant opportunities for the development of ESG investing in Hong Kong. However, respondents said they see the lack of a homogenous framework or standardised guidelines for measuring ESG factors as a challenge to implementing ESG practices and measures, corresponding with the result of the AFF online poll.

Heavyweight speakers share views on a range of topics

Several keynote speeches were featured at AFF 2022, including an address by Mark Carney, United Nations Special Envoy on Climate Action and Finance. Mr Carney shared his insights on how to build a sustainable financial system as a way of mitigating the liability and transitional threats posed by climate change. He said that governments need to step up with "ambitious, credible and predictable" policies that match their pledges. "Very importantly, countries are encouraged to enact 'deep decarbonisation' policies such as the phase-out of internal combustion engine vehicles by 2030 and legislate carbon pricing to deliver certainty. This is about giving greater certainty to investors and businesses, so they can pull forward with investment, smooth adjustments and drive jobs and growth upwards while they force emissions downwards. Finance is stepping up, the system is being changed, and there are enormous opportunities now for countries and companies, from affordable green power to zero-emission steel to low-carbon hydrogen and beyond. The financial sector has moved from being a mirror that reflects a world that hasn't been doing nearly enough to becoming a window through which ambitious climate action can deliver a sustainable future."

Another distinguished keynote speaker was Jean-Claude Trichet, Former President of the European Central Bank. He noted that the financial industry, regulators and policymakers should step up their concerted efforts when it comes to addressing key issues related to monetary stability in times of uncertainty. "[Macroprudential regulations] are more important than ever. We have to be very careful with regard to these buffers, countercyclical buffers, the systemic risk buffers, et cetera. We have to be very attentive to the loan-to-deposit ratio, to all these kinds of macroprudentials that are of extraordinary importance. It's clear that the advanced economies have to be particularly cautious today and particularly attentive to their risks. Because if all that turns out to be a hard landing, every country in the world will pay a very high price for that. And, as always, the least developed, the poorest, the developing economies - they will have the most difficulty," said Mr Trichet.

Looking at t he financial world from a different angle, Michael Milken, Chairman, Milken Institute, shared on the positive changes that his philanthropic work has created for communities, "There is no substitute for continued investments in education. One of the things we learnt from COVID is that we need to provide knowledge and education, as it relates to the environment, to nutrition, and to the promise of science. Just developing new technologies and new techniques that are effective, COVID has shown us it's not enough. We have to make sure that it is communicated so the billions of people on the planet can fully understand and have access to these technologies."

Tian Guoli, Chairman, Executive Director, China Construction Bank, said: "In 2022, Asia will likely become a force to boost the development of sustainable development in a world full of uncertainties. Hong Kong will certainly play a more crucial role as an international financial centre."

Ju Weimin, Vice Chairman, President & CIO, China Investment Corporation, a sovereign wealth fund, offered his analysis of the current macro investment trends in Asia and China, noting that sovereign wealth funds are a key source of global investment capital. "They have been the key players in developing the global financial market; they have grown rapidly and are making a bigger impact on the international market and capital flow. Especially since the global financial crisis, the total size of the sovereign wealth funds worldwide has doubled and is approaching the global size of alternative investment," Mr Ju said.

Addressing the outlook for cryptocurrencies and blockchain, Sam Bankman-Fried, Founder and CEO of cryptocurrency exchange FTX.com, said: "One of the big goals of crypto is to be able to build an ecosystem where there is financial inclusiveness, where anyone can get equitable access to the financial markets. When you look at traditional markets, you just don't see that ease of access. For some reason in crypto, the exchanges seem to play a very central role, whereas in the rest of the financial ecosystem they played a relevant role but a less central one. That is one big thing that really changes people's minds on ecosystems as they walk through it."

Bestselling author and Founder and Executive Chairman of Moven Brett King, also widely known as the "Godfather of Fintech", offered his perspectives on how the emergence of innovative fintech solutions presents both an opportunity and a challenge to the banking and financial industries. "The first use of central bank digital currencies (CBDCs) en masse will probably be the Beijing Winter Olympics this year, where we see the CBDCs incorporated into the mobile wallet for the games. This is the first major evolution of money that we have seen since we moved from coins to paper banknotes. In a historical perspective, what we see right now with the creation of CBDCs and cryptocurrencies is an incredible point of change for humanity with respect to the design and intelligence of money," Mr King said.

Over 700 meetings in AFF Deal Flow in three days

In response to high investment demand, this year's AFF Deal Flow Matchmaking Session, co-organised by the HKTDC and the Hong Kong Venture Capital and Private Equity Association, is extended by a day and held over three days from 10 to 12 January. The AFF Deal Flow has facilitated collaboration between project owners, potential business partners and investors by arranging over 700 one-on-one meetings and connecting capital with investment projects from around the world. Over 720 projects in the AFF Deal Flow Matchmaking Session covered a wide spectrum of sectors, including fintech, healthtech, deep tech, consumer goods, infrastructure and real estate, environment, energy and environmental technology. More than 230 of the projects were ESG-integrated to meet the related needs of investors.

AFF online platform runs to mid-March, showcasing technologies from 130+ exhibitors

Video playback of all the sessions and virtual exhibitions from AFF 2022 will be available through the event's online platform until 11 March 2022. Participants can enjoy round-the-clock access to 60 keynote speeches and panel discussions as well the exhibitions of more than 130 local and international financial institutions, tech companies, start-ups and investment agencies, showcasing a plethora of advanced financial technologies and unmissable investment opportunities.

Overview of participants' responses in AFF 2022 polls

1. What is your outlook for the global economy in 2022?
Optimistic 43%
Neutral 33%
Pessimistic 24%

2. In which sector do you see the most opportunities for green investment in Asia?
Green energy 45%
Transportation infrastructure 14%
Water and waste treatment 9%
Reforestation 2%
Real estate and construction 16%
Agriculture and food 14%

3. What is the most significant barrier preventing your company/institution from implementing more ESG-friendly policies?
The difficulty in balancing ESG practices and business goals 22%
Lack of ESG understanding among key personnel 16%
Lack of unified, easily understandable ESG standards 33%
Poor data quality and consistency in terms of ESG performance evaluation 14%
Lack of commitment to ESG practices among senior management 6%
Insufficient government support 9%

Websites
- Asian Financial Forum: https://www.asianfinancialforum.com/aff/en/
- AFF programme: https://www.asianfinancialforum.com/aff/en/programme/programme
- AFF speakers: https://www.asianfinancialforum.com/aff/en/speaker/main
- Photo download: https://bit.ly/3HRXNQo

Media enquiries
Please contact the HKTDC's Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, 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. Follow us on Twitter @hktdc and LinkedIn

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA highlight event celebrating the 25th anniversary of the Hong Kong Special Administrative Region (HKSAR), the 15th Asian Financial Forum (AFF), organised by the Government of the HKSAR and the Hong Kong Trade Development Council (HKTDC), came to a successful conclusion yesterday (11 January).

The business manages complete repair solutions on composite and metal bonded, as well as conventional metal aircraft structures and mechanical components.