Venture into e-mobility in line with Ni Hsin’s drive towards ESG

KUALA LUMPUR, Oct 25, 2022 – (ACN Newswire) – Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215), today received the Vehicle Type Approvals (VTA) from Jabatan Pengangkutan Jalan Malaysia under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bikes (EBIXON EV Bikes) in the personal and commercial categories namely, the TAILG BOLD and TAILG TORQ respectively.

NH EV TECH had on 23 March 2022 entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of EV Bikes or EV Motorcycles as commonly known in Malaysia.

Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.

TAILG, established in China in 2004, specializes in R&D, manufacturing, sales and service of new energy electric vehicles. Its products cover electric bike, electric scooter, electric special bike, electric tricycle and other vehicles. TAILG, which ranks top 3 in China, is recognised as a “Partner of UN Environment E-mobility Programme” and has 7,000 exclusive shops all around the world. TAILG also set the Guinness World Records for the greatest distance by electric scooter, single charge in October of 2020.

The International Trade and Industry Ministry (MITI) had, on 17 March 2022, issued the Manufacturing Licence to NH EV TECH to act as Licenced Manufacturer to carry out ‘Manufacture and Assembly of Electric Vehicle Bike’ activity at 47, Jalan Taming Dua, Taman Taming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan as from 29 October 2021 in pursuance of the Industrial Co-ordination Act 1975 (ACT 156).

Khoo Chee Kong, Managing Director of NH EV TECH, said: “With the VTA approvals, NH EV TECH will commence Completely Knocked Down (CKD) assembly of its EBIXON EV Bikes in NOVEMBER 2022 and thereafter we will launch the EBIXON EV Bikes in the Malaysian market.”

“The venture into the e-mobility business is in line with the Group’s commitment on ESG. The Ni Hsin EV Bikes are the first fully adapted EV Bikes for the domestic personal and commercial market and will create a new standard in clean transport across the country and beyond.”

“The focus of the new design is to deliver class-leading carrying capacity, range and top speed in order to encourage mass adoption of zero-emission transport across Malaysia, all while simultaneously avoiding the need for additional infrastructure.”

“This is an EV bike tailored for different commercial use-cases such as carrying passengers or cargo with safety at the forefront. It is truly a testament to our commitment to offering world-class EV technology in the ASEAN region.”

“Our EBIXON EV Bike models feature a dual swappable battery system offering a combined range of up to 200 km (112 mi). The batteries can be plugged into a home outlet to charge or be swapped at designated battery stations. Additionally, the battery power can be replenished at a public charger.”

“Through extensive research and development initiatives in collaboration with TAILG, EBIXON EV Bikes are designed and developed to reach “near cost parity” with internal combustion engine (ICE) motorcycles in the Malaysian market, but at a running cost that’s up to 70% lower. EBIXON EV Bikes are designed to suit the Malaysian and regional climate, road conditions and ridership styles while ensuring quality, performance, comfort, handling efficiency and lastly, affordability.”

“NH EV TECH is currently working with large commercial motorcycle distribution channels and battery swapping station owners across Malaysia and ASEAN, including financiers for its customers and large commercial fleets,” Khoo added.

“We are targeting to sell 50,000 units of EBIXON EV Bikes in Malaysia and ASEAN in the next three years. Demand for EV Bikes in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region’s e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data. We will work with local partners in the various countries for the assembly and distribution of EBIXON EV Bikes.”

Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/

• Gachaco, a battery sharing business venture, begins operation of the first unit of Honda Power Pack Exchanger e: in Japan –

TOKYO, Oct 25, 2022 – (JCN Newswire) – Honda Motor Co., Ltd. today announced that it has begun sales of the Honda Power Pack Exchanger e: battery swapping station in Japan, with the first unit delivered to Gachaco Inc., a battery sharing service joint venture. Gachaco today began operation of the first mass-production model of the Honda Power Pack Exchanger e: in Japan.

Product website: www.honda.co.jp/mobilepowerpack/exchanger (Japanese)

Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. Electrification of mobility products, which is indispensable to achieve this goal, has three challenges that need to be addressed: short range, long charging time and high battery cost. By addressing such challenges with swappable batteries and their sharing service, Honda is striving to contribute to the acceleration of electrification and expansion of the use of renewable energy.

Honda Power Pack Exchanger e: is a battery swapping station that simultaneously charges multiple units of Honda Mobile Power Pack e: (MPP e:) and enables smooth battery swapping for users of electric motorcycles and other mobile products equipped with MPP e:. The users will have access to fully-charged MPP e: whenever needed at battery swapping stations in the city, which enables efficient use of electrified mobility products without waiting for the batteries to get charged.

Developed as a battery infrastructure which can achieve widespread use inside and outside of Japan, Honda Power Pack Exchanger e: features an exterior design that blends in well with the cityscape and adopts the Honda Power Pack Cloud system that centrally manages all information necessary for a battery sharing service operation in the cloud. Moreover, Honda pursued the convenience and user-friendliness for both battery sharing service businesses and the users of electrified mobility products.

In India, through its local subsidiary, Honda Power Pack Energy India Pvt. Ltd. (HEID), Honda has already started a battery sharing service for electric tricycle taxis (“rickshaws”), using Honda Power Pack Exchanger e:.

By offering the products and operating system for customers who are interested in battery sharing, Honda will continue supporting electrification of their mobility products and contributing to the realization of a low-carbon society.

For more information about the joint battery sharing service of Tokyo Metropolitan Government and Gachaco Inc., please visit the website of Tokyo Metropolitan Government.
www.metro.tokyo.lg.jp/tosei/hodohappyo/press/2022/10/12/05.html (Japanese)

For more details about this battery sharing service, please contact Gachaco Ins.
https://gachaco.co.jp/contact (Japanese)

For more information, visit global.honda/newsroom/news/2022/p221025eng.html.

On Wednesday morning, September 30th, a fatal accident involving a box-truck and a cyclist occurred on a busy highway at Moss Beach. The cyclist, known as Herald Herrmann, aged 55, was hit on the shoulder of the road. Statistics show that in 2021, approximately 1% of truck accidents in Ventura County, CA resulted in fatalities.

According to the California Highway Patrol, the accident transpired at around 11:30 A.M. on Cypress Avenue. The police noted that they didn’t comprehend why the driver veered from his lane. According to witnesses, the truck was heading southbound when it drifted into the northbound lanes.

The paramedics and firefighters were immediately summoned to the scene to offer first aid to the victims. On arrival, the medics laboriously attempted to care for Hermann, to no avail. 

Herald Hermann passed on due to the various severe injuries that he sustained. One of the paramedics said the nature of the injuries was tragic. First, the San Mateo County office didn’t publicly identify the man. However, later they ran a database and identified the victim as Herald Herrmann. The office confirmed that efforts were underway to search and contact his next of kin.

The paramedics transported the box-truck driver to the hospital. The California Highway Authority noted that he was treated for minor injuries. At first, it was unclear if the truck driver was to face charges for the crash. Alcohol and drugs weren’t believed to be contributing to the tragic accident that left Herald lifeless. 

Later, after treatment for his wounds, the driver was apprehended on suspicion of involuntary manslaughter. The authorities cited gross negligence.

The California police noted that bicycle accidents had become more prominent than in recent years. The rise in gas prices spearheaded the urge for residents to ride bicycles. According to statistics gathered and documented by the centers for disease control, 1% of all trips in the USA are taken by bicycle.

Unfortunately, cyclists make up 2% of individuals who die in accidents. Most of these bicycle accidents involve a motor vehicle. Statistics note that 64% of all tragic bicycle accidents occur at road intersections.

Authorities have expressed concern over bicycle accidents. The Highway police specified several vital steps that should be taken for drivers, bicyclists, and cities to live harmoniously and avoid accidents.

They include the following:

1. Bicyclists can opt to wear retro-reflective and fluorescent gear. This will assist to increase other road users’ visibility.

2. Motor vehicle drivers should remain vigilant by staying at least 3-4 feet away from cyclists.

3. City planners and authorities can join forces to construct bicycle lanes. The lanes should create a barrier between errant motor vehicles and bicyclists.

Following the death of Herald Herrmann, bicyclists and human rights activists expressed their remorseful concerns. They noted that under California Law, bicyclists enjoy similar responsibilities and rights as motor vehicle drivers.

All vehicle drivers ought to practice critical care to avoid clashing with bicyclists. They also need to yield where it is required.

Several catastrophic accidents are due to vehicle drivers making perilous lane interchanges without switching on their indicators. This recklessness ends with the loss of lives.

According to the California Highway Police, under California Vehicle code 22107, individuals should not turn right or left on the road or highways unless the move is made with extreme safety.

Who is liable?

There is a simple presumption of negligence on a driver who frantically drifts onto a shoulder of a bicyclist and knocks them down.

Generally, organizations should be liable for the devastating negligence of their employees. Arguably, the box-truck driver was in the course of his job duty during the collision that left Herald dead.

So, the employer should also be held at fault. According to human rights activists, the company that the driver worked for should be prosecuted and directly involved in the death of Herrmann.

In summary, businesses that seek box-truck drivers’ services should have a legal duty to certify that the driver behind their truck’s steering is competent to operate and drive.

Bicyclists and human rights champions noted that rental companies should also feel the wrath of the law if they employ unlicensed and unqualified drivers. All box-truck operators should be sober, licensed and qualified to drive.

Steps To Take In Case Of an Accident

1. All the medical records should be collected, documented and preserved.

2. All eyewitnesses should be interviewed.

3. First responders, mainly the authorities, should take photos of the scene.

4. An independent investigation should be conducted to cut down all biasness.

The San Mateo County Office expressed condolences to the affected families and called out on the public to participate in the bicycle accident. Anyone with additional information was welcome to contact the police and record a statement.

The county officials noted that the accident was preventable. They added that a thorough investigation was underway for justice to be served for the sake of the party that had lost so much. The case is now left in the hands of the department of justice and the investigation team.

Car racing tracks! The way they have been designed makes them look eventually spectacular. Many racing tracks have captured your attention till now. However, there are a few of them which have made a permanent special place in our hearts.

If you are a dedicated car racer, you must be well aware of how special these tracks are! So, without wasting any time, let us see the top worldwide popular car racing tracks which shaped motorsports history drastically.

The Autodromo Nazionale di Monza

The Autodromo Nazionale di Monza is known for hosting one of the biggest car racing competitions. When you look at the F1 calendar, this respectful racing track has its permanent spot over there. It has long straights and it all means that the Formula One cars will be moving at their max speed and full throttle. Driving on this racing track makes you reach a peak speed of 200 mph (320kph).

Do you know that this track is popularly known as ‘The Temple of Speed’ and all of you must agree with us as well! In addition, the Monza Circuit is assumed to be the world’s third and speediest purpose built race track. 110 days were taken to construct it in 1922. According to concrete estimating service, it cost around $1.3 billion. Apart from hosting Formula One competitions, this track also hosts International GT Open as well as FIA World Endurance Championship.

The Circuit de Spa-Francorchamps

Globally known as Spa, it believes to be one of the most beautiful and adrenaline-rushing car racing circuits in the world. It stretches over 7km. Here exciting motorsport races have taken place and car racer lovers could not take the memory out of their heads. The longest motor race which spans for 25 hours took place over here. It was built in 1921. Initially, it was only used for motorcycle racing. Later on, the spa track started hosting race car competitions.

The Nurburgring Nordschleife

Call it a legendary circuit, yes that is what The Nurburgring Nordschleife is known for! Motorsports community loves being on this track which is also famously known as ‘Green Hell’. Its layout stretches for 13 miles and includes 150 corners. Many memorable car racing competitions took place over here like the 24 Hours of Nürburgring endurance race. Even if there is no competition taking place, this track remains open to the public which is the best thing about it.

The Daytona International Speedway

Have you heard about the Daytona 500, NASCAR’s event? It is assumed to be a famous event till now and the Daytona International Speedway host it. This track is known for its multiple layouts, 2.5-mile high-speed tri-oval, and wide sweeping turns. Undoubtedly, it has become the popular speedway and the largest outdoor stadium in the United States. You can share with us if you ever visit this ‘world center of racing’ which was built in 1959!

The Suzuka International Racing Course

It is an international full-scale racing track located in Japan. Famous events like Formula One races are hosted over here. Note that Mobilityland Corporation operates it which is a Honda subsidiary. Initially, it was used as the testing track for Honda in 1962. Later on, its use became widespread because of the ‘figure eight’ layout as well as 0.7-mile back straight crosses.

The Silverstone Circuit

Located in the United Kingdom, it is a kind of racing track simply like no other! You can call it as the ‘Home of British Motorsport.’ It is currently the official venue for the Formula One British Grand Prix. Furthermore, the overall design and layout of this track center on the principles of the way old Royal Airforce base grounds used to be constructed.

Rest, it has flat-out corners and is known for delivering swift speeds. The driver has to be very careful while racing on it because even a minor miscalculation can put your life at risk. Currently, this track is used for events like the F1 Grand Prix, the British motorcycle Grand Prix as well as the British GT Championship.

Conclusion

Hence, we have shared maximum data on the worldwide popular car racing tracks. They believe to be the best one over centuries. If you have personally visited any racing track, you can let us know what makes it very special and unique from other tracks! Right now, we have highlighted the famous racing circuit details over here and more exciting data is yet to be shared sooner. So, stay tuned and connected with us.

In September, Hendrick Motorsports decided to appeal William Byron’s post-race penalty for spinning Denny Hamlin at Texas Motor Speedway. This decision-making could backfire if the team loses a NASCAR Cup Series Championship 4 position.  

The aftermath of Sunday’s Dixie Vodka 400 at Homestead-Miami Speedway is positive for Hendrick Motorsports, as Kyle Larson collected his third win in the 2022 NASCAR Cup Series. 

However, depending on future results, overall celebrations could be dented for the Hendrick Motorsports team. 

Larson’s weekend victory didn’t secure him into Championship 4; the defending champion was eliminated after the round of 12 and was ineligible for the round of 8. With only one remaining race for the round of 8, Joey Logano of Team Penske is the lone Championship 4 qualifier after winning the round of 8 opening race in Las Vegas. 

Despite this, Larson’s #5 teams have qualified for the Championship 4 owner playoffs. 

A position opened when Ryan Blaney failed to qualify; the #12 Team Penske’s, therefore, didn’t advance to the round of 8. 

Blaney wouldn’t have naturally qualified for the playoffs, but Kurt Busch of 23XI Racing was sidelined due to an injury. Busch grabbed a playoff position when taking 1^st place at Kansas Speedway. 

As Busch withdrew, his success at Kansas Speedway was relevant to the #45 team, as the #45 teams didn’t qualify for the owner playoffs. Therefore, the 12 teams were forced into a 10-week clash for 17^th place. 

Currently, William Byron has +800 betting odds available to win the singles NASCAR Championship, but the penalty appeal could have a lasting effect on Hendrick Motorsports as a whole. The owner’s championship odds can be boosted with bookies in Kansas that offer promo codes, but it would be painful for a past decision to prevent Hendrick Motorsports’ chance of success. 

Byron steps up, dropping Larson down   

Initially, Larson was the first to reach the cut line following the round of 12, tying with Chase Briscoes for the eighth and final position. But as Briscoe owned the best finish from the three-round second round, he won the tiebreaker and advanced. 

All was not lost for Hendrick Motorsports. William Byron was 11 points clear of the cut line, locking himself into the round of 8. However, if the team didn’t appeal the 25-point penalty at Texa motor Speedway, Bryon would have placed 14 points clear, and Larson would have advanced. And if the penalty weren’t overturned, Larson would have qualified for the round of 8. 

While it isn’t confirmed, the decision to appeal Byron could cost Hendrick Motorsports a Championship 4 spot. 

The current NASCAR Cup Series Championship 4 cut line is as follows: 

• 2 – Ross Chastain – 4,101 (+19)
• 3 – Chase Elliot – 4,093 (+11) 
• 4 – William Byron – 4,087 (+5) 

–Cup Series Championship 4 Cut Line –

• 5 – Denny Hamlin – 4,082 (-5)
• 6 – Ryan Blaney – 4,069 (-18) 
• 7 – Christopher Bell – 4,054 (-33) 
• 8 – Chase Briscoe – 4,043 (-44)  

If Larson made it to the round of 8 and Byron didn’t, here’s how the line would look: 

• 3 – Ross Chastain – 4,101 (+19)
• 4 – Chase Elliot – 4,093 (+11) 

–Cup Series Championship 4 Cut Line –

• 5 – Denny Hamlin – 4,082 (-5)
• 6 – Ryan Blaney – 4,069 (-18) 
• 7 – Christopher Bell – 4,054 (-33) 
• 8 – Chase Briscoe – 4,043 (-44)  

Despite this, the world’s greatest NASCAR minds couldn’t have anticipated that Larson could potentially miss the round of 8 because of Byron’s successful appeal. 

Suppose Byron doesn’t make the final cut. In that case, Larson’s elimination in the round of 12 could also play a part in Chase Elliott’s advancement (Elliot would be fifth if Larson took fourth), so Hendrick Motorsports would have only had one driver in the Championship 4 anyway. 

However, should Elliot claim the title over the likes of Logano in second, the decision could, ultimately, see Hendrick Motorsports lift the championship over Team Penske.  

Three positions remain open, and nothing is guaranteed for a Hendrick Motorsports driver. Both Elliot and Byron are in contention. 

Although the team will be pleased with one place, the appeal has prevented Larson from taking one of the three spots. And imagine if Larson wins Championship 4 at Phoenix Raceway, a win that would have seen him win a consecutive championship. Still, then a Hendrick Motorsports driver doesn’t lift the cup whatsoever? The penalty appeal could be more damaging than most of us realize; it’s all dependent on how the remainder of the season plays out.