Latest news with #BinWang
TECHx
21-05-2025
- Business
- TECHx
Hestia Robotics Partners with PROVEN for Saudi Market
Home » Tech Value Chain » Distributors » Hestia Robotics Partners with PROVEN for Saudi Market PROVEN Robotics has announced a new distribution agreement with Hestia Robotics, a leading provider of AI-driven robotic technology. The partnership names PROVEN Robotics as the exclusive distributor of Hestia Robotics' coffee-making solutions in Saudi Arabia. The agreement also gives PROVEN Robotics non-exclusive distribution rights across other GCC countries. It includes exclusive rights to market, sell, install, and support Hestia's products in Saudi Arabia. This partnership brings Hestia's advanced AI-powered robotic baristas and self-service coffee stations to the Kingdom. These solutions are designed for use in high-traffic locations such as offices, hospitals, and airports. The systems include: Fully automated coffee-making technology Interactive touchscreen user interface Smart brewing with beverage customization Remote monitoring and diagnostics Compact, modern design with high reliability PROVEN Robotics reported that this move aligns with its strategy to lead smart service automation in Saudi Arabia. It also supports the Kingdom's Vision 2030 goals. Anwar Almahrasi, Business Development Director at PROVEN Robotics, said the company is excited to introduce these innovations. He added that the collaboration aims to enhance operational efficiency and elevate customer experience in hospitality and retail sectors. Bin Wang, Co-Founder and Product Director of Hestia Robotics, revealed the company's excitement about entering the Saudi market. He noted the Middle East's rapid technological growth and expressed pride in contributing to it. This partnership marks a step forward in bringing smart, automated coffee service technologies to a growing regional market.
Syyaha
20-05-2025
- Business
- Syyaha
PROVEN Robotics Signs Distribution Agreement with Hestia Robotics
PROVEN Robotics, a leading provider of robotic solutions worldwide, has just announced an exclusive distribution agreement with Hestia Robotics, a leading provider of AI-driven robotic technology. This partnership will see PROVEN Robotics be the sole distributor of Hestia Robotics' coffee-making robotic solutions, including their AI-driven barista robots and fully automated self-service coffee stations in Saudi Arabia, as well as non-exclusive rights in other GCC countries. The agreement will also grant PROVEN Robotics exclusive rights to market, sell, install, and provide technical support and after-sales services throughout the on the partnership, Anwar Almahrasi, Business Development Director, PROVEN Robotics, said, 'We are excited to partner with Hestia Robotics and bring their innovative coffee service solutions to Saudi Arabia. This collaboration represents our commitment to providing businesses with cutting-edge technologies that not only improve operational efficiency but also elevate the customer experience in the hospitality and retail industries.'The Most Fully Advanced Robotic Coffee SystemHestia Robotics provides one of the most advanced AI-powered robotic baristas and fully automated self-service coffee stations ideal for offices, hospitals, airports and more. It features a fully interactive touchscreen UI along with smart brewing systems with advanced customization features. Other features include beverage preparation customization, remote monitoring and diagnostics, a compact and modern design, plus guaranteed proven reliability in high-traffic commercial partnership aligns with PROVEN Robotics' strategy of leading the smart service automation sector in Saudi Arabia and supporting the Kingdom's Vision 2030 goals. Bin Wang, Co-Founder & Product Director, Hestia Robotics said, 'We are thrilled to partner with PROVEN Robotics to introduce our coffee service technologies to Saudi Arabia. The Middle East is undergoing an exciting phase of technological advancement, and we are proud to contribute to this momentum by bringing our robotic baristas and smart coffee stations to a rapidly evolving market.
Yahoo
15-05-2025
- Automotive
- Yahoo
Xiaomi EV Sales Fall After Deadly Crash, False Advertising Claims
(Bloomberg) -- Xiaomi Corp. electric vehicle sales in China have taken a hit since March after a fatal highway accident and consumer unhappiness around the marketing of one version of its car. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Power-Hungry Data Centers Are Warming Homes in the Nordics A New Central Park Amenity, Tailored to Its East Harlem Neighbors Maryland's Credit Rating Gets Downgraded as Governor Blames Trump Orders for Xiaomi's SU7 sedan plunged to around 36,000 units in April, down 55% month-on-month, Deutsche Bank AG wrote in a note. 'This trend extended into May,' auto analysts led by Bin Wang said. Deliveries are also suffering, the investment bank said, with volumes down sequentially over the past four weeks, from 7,200 in the third week of April to just 5,200 units in the second week of May. Local media reports earlier this month said more than 300 people want to cancel their SU7 Ultra EV orders on false advertising about the design of the vehicle's hood. That was the latest upset for Xiaomi after a fatal crash involving one of its SU7 sedans killed three people in late March. Deutsche Bank's report cited the accident among several reasons for the sales drop, as well as the 'recent dispute on the optional carbon fiber front hood' for the race car version of the SU7, which consumers have argued are just two holes and some plastic structures rather than the promised air ducts to improve aerodynamics and cooling. Xiaomi's shares in Hong Kong slipped as much as 1.4% Thursday, trimming gains this year to around 44.6%. Citi Research data show that since the beginning of the year, when sales are usually slow, orders for the SU7 sedan grew from 53,000 in February to 83,400 in March. But there was a sharp drop in April to 35,600, the month after the accident happened. Retail sales meanwhile fell from 29,200 in March to 27,200 a month later. Bloomberg reported in April that Xiaomi has pushed back the debut of its first sport utility vehicle, the YU7. Li Yanwei, with the China Automobile Dealers Association, also published an analysis on Wednesday on his Weibo account, showing that Xiaomi's car sales have been falling since mid-April. Outside of impacting consumer demand, the accident has brought more scrutiny to EV safety. Chinese authorities have tightened the promotion and deployment of advanced driver assistance systems, as the Xiaomi EV had the autopilot function turned on at the time of the crash. New standards are also being set for battery stability and recessed door handles that are popular in electric cars but which may become inoperable in the event of emergencies if the EV loses power. --With assistance from Charlotte Yang. (Updated with Citi data, further detail from 7th paragraph.) Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race Why Obesity Drugs Are Getting Cheaper — and Also More Expensive As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Trump Has Already Ruined Christmas ©2025 Bloomberg L.P.
Bloomberg
15-05-2025
- Automotive
- Bloomberg
Xiaomi EV Sales Fall After Deadly Crash, False Advertising Claims
Xiaomi Corp. electric vehicle sales in China have taken a hit since March after a fatal highway accident and consumer unhappiness around the marketing of one version of its car. Orders for Xiaomi's SU7 sedan plunged to around 36,000 units in April, down 55% month-on-month, Deutsche Bank AG wrote in a note. 'This trend extended into May,' auto analysts led by Bin Wang said.
Yahoo
19-02-2025
- Business
- Yahoo
New Era for Robotaxis: This AI Stock Jumps 55% After Its IPO
Feb 19 - Chinese robotaxi startup Pony AI, Inc. (PONY, Financial) has surged nearly 56% since its November IPO, setting fresh record highs amid mounting retail interest. In January, Deutsche Bank analyst Bin Wang initiated coverage with a Buy rating and a $20 price target. Pony AI recently demonstrated its commercial autonomous taxi in Beijing's first self-driving zone within the Economic and Technological Development District. Retail sentiment on Stocktwits has jumped, with a 31% increase in followers over the past month and a staggering 900% surge in message volume over the past week. Warning! GuruFocus has detected 4 Warning Sign with PONY. Gains are more modest than those of the home country's peers. Baidu (BIDU, Financial) is up 2.4%, and for ride-hailing darling Didi Global (DIDIY, Financial) is just over 1%. In particular, the announcement of Nvidia's stake in WeRide Inc. drew significant interest from its retail consumers, jumping by more than 530%. Pony AI stands out as it is surging ahead of some larger rivals in terms of its retail momentum, analysts say, though those gains have come off greater gains in Chinese AI stocks more broadly. Pony AI, which is focused on autonomous vehicles, is an attractive long term growth candidate for investors already navigating through the fast changing industry environment and suffering with numerous competitive threats. This article first appeared on GuruFocus.
