Latest news with #MichaelWu
Yahoo
20-05-2025
- Automotive
- Yahoo
Leapmotor Working with Stellantis on Local Production
Zhejiang Leapmotor Technology, says the Chinese electric vehicle maker may tap facilities owned by its partner Stellantis to expand production in Europe. Leapmotor Co-President Michael Wu spoke exclusively with David Ingles on "Bloomberg: The China Show" in an exclusive interview from the sidelines of the BNP Paribas Global Electric Vehicle & Mobility Conference. Sign in to access your portfolio
South China Morning Post
19-05-2025
- Automotive
- South China Morning Post
Stellantis relocating Chinese EV maker Leapmotor's European production from Poland
Mainland electric vehicle (EV) maker Leapmotor's European production is expected to be moved to a Stellantis factory in Spain, Germany, Italy or Slovakia after the Dutch firm stopped making its Chinese partner's cars in Poland earlier this year. Advertisement Leapmotor and Stellantis were likely to make a decision on the matter in June or July, with the goal of commencing production around the middle of next year, said Michael Wu, Leapmotor's co-president, in an interview on Monday. This was the first time the company revealed details about its decision-making timeline. 'The Poland factory simply assembled our vehicles using components made in China, which made it not exempt from tariffs,' Wu said. 'This time, we will use components produced locally [in Europe].' The move was likely to drive up Leapmotor's European production costs by about 10 per cent, but it had no plans to raise prices, Wu said. The company's current overseas strategy is focused on expanding its sales and service network to drive up volume, he said. By the end of 2025, the company expects that at least 10 per cent of its vehicles sold globally will come from outside China, Wu said. He added that the firm expects to report global vehicle sales of 500,000 to 600,000 units this year. In 2024, Leapmotor reported sales of 293,724 vehicles; around 4 per cent of that total came from outside China. Advertisement Leapmotor, based in Hangzhou in eastern China's Zhejiang province, started making its T03 EVs at Stellantis' plant in Tychy, Poland, in June 2024. It was Leapmotor's first production base in Europe. In May last year, the two companies set up a joint venture that gave Stellantis exclusive rights to build, export and sell Leapmotor products outside China.
Bloomberg
19-05-2025
- Automotive
- Bloomberg
Leapmotor Working with Stellantis on Local Production
Zhejiang Leapmotor Technology, says the Chinese electric vehicle maker may tap facilities owned by its partner Stellantis to expand production in Europe. Leapmotor Co-President Michael Wu spoke exclusively with David Ingles on "Bloomberg: The China Show" in an exclusive interview from the sidelines of the BNP Paribas Global Electric Vehicle & Mobility Conference. (Source: Bloomberg)
Business Wire
12-05-2025
- Business
- Business Wire
Outperform with PROS 2025 Set to Showcase AI-Powered Innovation and Industry Leadership in Las Vegas
HOUSTON--(BUSINESS WIRE)-- PROS Holdings, Inc. (NYSE: PRO), a leading provider of AI-powered SaaS pricing and selling solutions, kicked off its flagship event, Outperform with PROS 2025, today at The Cosmopolitan of Las Vegas. The conference will run through May 14 and is set to bring together global executives, industry leaders and visionaries with a goal of empowering organizations to Outthink, Outpace and Outperform with smarter strategies, faster decision-making and responsible AI for real-time business transformation. "As AI continues to reshape the commercial landscape, this year's conference will provide the roadmap organizations need to unleash intelligent commerce and accelerate growth." 'Outperform 2025 will be an unparalleled opportunity for business leaders to gain actionable insights from world-class experts and industry pioneers embracing AI to unleash their organization's full potential and outperform the market,' said Todd McNabb, Chief Revenue Officer, PROS. 'As AI continues to reshape the commercial landscape, this year's conference will provide the roadmap organizations need to unleash intelligent commerce and accelerate growth.' Headlining Topics and Keynote Sessions AI R/Evolution from the Inside: AI isn't a Feature, it's a Corporate Competency This workshop with Dr. Michael Wu, PROS Chief AI Strategist, will kick-off the event and explore AI in the workplace, equipping attendees with the knowledge to shape the future of work and best practices for using the full spectrum of AI technologies in enterprises. Outthink, Outpace, Outperform PROS President and CEO Andres Reiner will explore how leading organizations must Outthink, Outpace and Outperform by deploying AI knowledge engines to accelerate learning, scale workflows and automation, and utilize AI agents to unleash the full human potential of their workforce. The Dawn of a New Revenue Super Cycle Forrester Principal Analyst Rick Bradberry will discuss how shifts in buying behavior, technology and channels stress go-to-market (GTM) strategy and execution in unprecedented ways. Paradoxically, these disruptive forces are fueling an emerging revenue super cycle. To succeed in this new environment, we must unlearn much of what has made us successful in the past. Hear about the dynamic future of GTM strategy, what it means for leaders at all levels, and which practices to prioritize. Unlocking the Future of Intelligent Commerce: How Agentic AI is Redefining Business PROS Chief Product Officer Sunil John and PROS Executive Vice President of Engineering Ajay Damani unveil the latest AI innovations across the PROS Platform, showcasing how AI agents empower businesses to navigate today's dynamic market conditions with speed and agility. Outperform with PROS is a premier 3-day conference for professionals across industries, focused on driving profitable growth. Through expert-led sessions, hands-on experiences and networking opportunities, attendees will gain actionable insights into price optimization, revenue management and customer engagement, equipping them to thrive in today's evolving business landscape. Explore the agenda and learn more about Outperform with PROS 2025 at About PROS PROS Holdings, Inc. (NYSE: PRO) helps the world's leading companies outperform across the top and bottom line. Leveraging leadership in revenue and pricing science, the PROS Platform combines predictive AI, real-time analytics, and powerful automation to dynamically match offer to buyer and price to product, accelerating revenue growth and maximizing profit. With solutions spanning pricing, revenue management, offer marketing, and CPQ, PROS helps businesses optimize transactions across every channel. Learn more at
Cision Canada
02-05-2025
- Business
- Cision Canada
Interlace Debuts at Token2049 to Accelerate Web2-Web3 Integration Across MENA
NEW YORK, May 2, 2025 /CNW/ -- Interlace, a pioneering financial innovation platform bridging traditional (Web2) and decentralized (Web3) ecosystems, is making a high-impact debut at Token2049, the world's largest cryptocurrency conference. The event draws more than 15,000 global Web3 leaders, investors, developers, and policymakers to the heart of the Middle East's burgeoning digital economy. As the MENA region solidifies its status as a strategic launchpad for blockchain and digital finance, Interlace is leveraging Token2049 to highlight its global ambitions and regional integration efforts. Through a combination of keynote speeches, panel participation, side events, and interactive showcases, the company will spotlight its technological breakthroughs, regulatory strategies, and innovative Web3 solutions designed to advance financial inclusion and digital infrastructure. Token2049 has cemented its position as the premier global platform for blockchain dialogue and innovation. With MENA emerging as a magnet for crypto and fintech enterprises—thanks to its progressive regulatory framework and strong investor base —the event provides fertile ground for companies like Interlace to scale their operations in high-growth markets. Driving Web3 Compliance and Strategy in the Middle East Michael Wu, Founder and CEO of Interlace, was recently invited to speak at the event Mastering Web3 Finance and Compliance: Blockchain & Beyond, where he joined a panel discussion exploring regulatory frameworks and emerging trends in the Middle East's Web3 ecosystem. Drawing on Interlace's extensive global experience, Wu provided a deep dive into the region's compliance landscape. He emphasized the UAE's regulatory efficiency as a strategic advantage for Web3 companies, stating: "In MENA, it takes only a few months to obtain a Virtual Asset Service Provider (VASP) license, whereas the same process can take up to two years in Singapore. In the United States, conflicting federal and state regulations create persistent uncertainty for businesses." This favorable regulatory environment, he noted, has enabled Interlace to accelerate its expansion into the Middle Eastern market. Wu also outlined Interlace's proactive compliance strategy, highlighting early regulatory investment as a foundation for building long-term competitive advantages. "We've secured key licenses—including MSB (Money Services Business), MSO (Money Service Operator), and VASP—across major markets such as Hong Kong, the U.S., and Europe," he shared. He stressed the importance of integrating technology with compliance, citing the use of biometric solutions to streamline Know Your Customer (KYC) procedures. This approach not only ensures regulatory adherence but also enhances user accessibility. "Compliance is not a cost," Wu asserted. "It's the foundation of brand trust. For institutional partners and investors, regulatory compliance is non-negotiable—and critical for sustainable growth." Addressing the convergence of traditional finance and Web3, Wu presented Interlace's multi-license model as a blueprint for cross-border innovation. "Our crypto payment card enables seamless interoperability between on-chain digital assets and off-chain consumer transactions," he explained. "This functionality requires a high degree of cross-jurisdictional compliance." Wu concluded by sharing that Interlace is actively expanding its footprint in the Middle East, bringing its regulatory expertise and compliance technology to support the region's rapidly evolving blockchain infrastructure. Unveiling Innovation at Premier Side Events Beyond the main conference, Interlace will engage audiences at high-profile side events including 1001 Crypto Nights, Gilded Mirage, and the Hack Seasons Conferencei. These gatherings delve into themes such as the convergence of legacy finance with decentralized protocols and the region's unique role in accelerating Web3 adoption. Interlace will showcase its Card-as-a-Service (CaaS) API solutions tailored for the PayFi sector, as well as its custom-designed physical banking cards —which double as exclusive, limited-time gift cards. These cards demonstrate real-time "on-chain to off-chain" transaction capabilities, offering attendees a tangible experience of seamless Web3-enabled payments. A Strategic Leap Toward Global and Regional Impact Interlace's presence at Token2049 is more than a product showcase—it represents a pivotal step in the company's global expansion and MENA market penetration. As the company deepens its engagement in the region, it aims to collaborate with local institutions to build robust, inclusive digital financial ecosystems. Wu reflected on the significance of the Middle East in shaping the future of blockchain finance: "The Middle East is rapidly evolving from an energy stronghold into a center of digital innovation. Its open regulatory approach and dynamic capital environment make it a strategic region for Web3 transformation. At Interlace, we're committed to co-creating resilient financial infrastructure with local partners—enabling businesses and users to fully benefit from the potential of blockchain technology. We see MENA as a future global benchmark for Web3 applications."
