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ToolsGroup Named Leader in Five G2 Categories for Winter 2024

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition. According to G2, “Despite our expansive report distribution, only the crème de la crème earn the honor of a Leader or High Performer badge within these reports.” To qualify for inclusion in the Supply Chain Planning category, a product must provide planning tools for demand, inventory, replenishment, and ordering, facilitate delivery schedules and load planning, and customize plans based on individual business priorities. Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Based on a wealth of direct customer reviews, ToolsGroup earned recognition as a Leader in the following reports: Grid® Report for Supply Chain Planning | Winter 2024 Europe Regional Grid® Report for Supply Chain Planning | Winter 2024 EMEA Regional Grid® Report for Supply Chain Planning | Winter 2024 Grid® Report for Demand Planning | Winter 2024 EMEA Regional Grid® Report for Demand Planning | Winter 2024 “We believe the greatest measure of success is a profitable customer who can achieve efficiency gains and deliver premier service despite market volatility,” said ToolsGroup CEO, Inna Kuznetsova. “That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers. The overwhelmingly positive feedback is indicative of the power of our AI-driven supply chain solutions, the expertise of our teams, and the value of our partnerships. We are grateful to collaborate with so many forward-thinking brands, providing the quantum analytics, innovation, and expertise to help them achieve their business goals.” Additional Resources: Meet with ToolsGroup at NRF in NYC January 15th & 16th at Booth #3948 See ToolsGroup’s G2 reviews HERE. Learn more about ToolsGroup’s industry recognition from customers and analysts HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 15, 2024 10:00 AM Eastern Standard Time

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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. This solution combines the award-winning JustEnough Allocation and Replenishment products with rebalancing and markdown optimization powered by EvoAI’s quantum analytics and Inventory HUB’s zero latency inventory tracking. “Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.” said Sahil Gupta, Chief Product Officer at ToolsGroup “With cutting-edge AI driven forecasting and inventory optimization accessing real-time views of inventory, demand and operations, retailers can ensure the right products are in the right place at the right time at the right price to maximize profit no matter what happens.” Working capital constraints are hitting retailers hard just as inventory-to-sales ratios are reaching their highest-ever levels. No retailer can afford to misallocate or cut margins on that inventory, yet they are navigating unprecedented market uncertainty entering 2024. In-Season Inventory Optimization allows retailers to respond quickly to reality, sensing and adjusting to changes in demand in real time to maximize profits regardless of emerging challenges. Core Benefits of In-Season Inventory Optimization: Minimal missed sales at the lowest possible cost through intelligent allocation that puts the right products on the right channels for higher inventory turns Real-time, store/item/size-level replenishment that adapts to even the smallest signals of changing demand from social trends to weather Fewer stockouts and minimal end-of-season waste thanks to full inventory visibility and optimization More sales with less inventory on hand as stock is dynamically moved across the network to where it will sell fastest Up to a 5.5pp increase in in-season margins through increased full-price sell-through and optimized markdowns “Retailers today must be able to thrive, not just survive, amidst certainty,” said Inna Kuznetsova, CEO of ToolsGroup. “That’s why we’ve launched In-Season Inventory Optimization with sophisticated quantum analytics that can sense even the smallest changes in customer demand in real time and instantly adjust strategy to maximize profits. This agility translates to optimal financial outcomes in even the most difficult markets.” ToolsGroup In-Season Inventory Optimization Solution is an integral part of the trusted JustEnough solution. JustEnough has long delivered unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Customers report a 5% improvement in revenue growth on top of double-digit reductions in missed sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by up to 30%. We’re excited to talk to you about our new In-Season Inventory Optimization solution. If you’re here in New York City this week at NRF, come talk to us about it at ToolsGroup’s Booth: 3948. Interested in how JustEnough can help you meet and exceed your in-season inventory and margin goals? Read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 15, 2024 08:30 AM Eastern Standard Time

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A Milestone in Web3 Governance: STORM Chosen as Legal Counsel for 1inch DAO

STORM Partners

STORM Partners, a leading Web3 solutions provider based in Geneva, has been voted by an overwhelming majority as the legal counsel for 1inch DAO. The decision sets a historic precedent for decentralized autonomous organizations, as it becomes the first time that a DAO has directly hired legal counselling services and delegated its legal representation before third parties. This decision also represents a bridge between the decentralized ethos of a Web3 DAO and the legal and regulatory stability provided by a centralized legal counsel. With STORM Partners’ extensive track record of Web3 client partnerships, this convergence signifies a seamless union of two realms, forming an ideal synergy aligned with the DAO’s objectives. It also marks a significant stride in addressing the multifaceted legal challenges faced by DAOs in today’s evolving landscape, such as regulatory compliance, contractual agreements, governance frameworks, liability protection, intellectual property rights, and defense against external claims The voting was closed on Tuesday night, with an overwhelming 96.46% approval. This is a one-of-a-kind case, as the Swiss company, as legal counsel, proposed the DAO to be engaged and have detailed the characteristics of their mandate. Thus, 1inch DAO has chosen and conferred upon STORM Partners a power of attorney to legally represent it before third parties. “ We are honoured that the 1inch token community has entrusted us as the legal counsel for their DAO. Our team is dedicated to safeguarding their interests with the utmost commitment. This engagement, being 'fully decentralized,’ marks a significant step forward in the journey towards legal recognition of decentralised organizations. It's not just a milestone for us but a testament to the evolving landscape of legal frameworks adapting to innovative governance models,” said Nicola Massella, director of the Legal and Compliance department at STORM Partners. The importance of legal counsel for 1inch DAO cannot be overstated, given the intricate challenges posed by regulatory risks, liability concerns, contractual ambiguities, governance complexities, and the imperative need for legal recognition as a legitimate entity in multiple jurisdictions. We are thrilled to embark on this new chapter with STORM Partners. This partnership not only represents a significant milestone for 1inch Network but also for the broader decentralized finance space. As we navigate the complex regulatory landscape, this collaboration stands as a testament to our dedication to innovation while upholding our core principles. We are enthusiastically looking forward to the future, confident that this union will bolster the robustness and credibility of DeFi, enabling us to continue to expand the horizons of what’s achievable”, added Jordan Reindl, Governance Lead at 1inch. STORM Partners' exclusive focus on Web3, coupled with its tailored approach and experienced legal services, positions it as an ideal collaborator for 1inch DAO. About STORM Partners STORM Partners is a premier all-in-one professional services provider within the dynamic blockchain industry. Its expertise spans the global landscape of Web3, collaborating with a diverse spectrum of businesses and brands – from nimble startups and pre-IDOs to flourishing scale-ups and established global organizations. About 1inch DAO 1inch DAO is a decentralised organization that governs the network parameters, enabling 1INCH holders to vote for key protocol parameters and collect governance rewards. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details STORM Partners Adrian Bono adrian.bono@storm.partners

January 12, 2024 11:27 AM Eastern Standard Time

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NAFA Collaborates with J. J. Keller® to Offer Exclusive DOT Training Courses for Members

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA) is thrilled to collaborate with J. J. Keller & Associates, Inc. to introduce a comprehensive training program exclusively tailored for NAFA members. This collaboration brings forth a specialized suite of DOT training courses designed to address safety, compliance and workforce requirements essential for organizations operating under DOT regulations. This training aims to equip NAFA members with effective safety training programs that ensure compliance with OSHA, DOT and HR requirements. These courses are strategically developed to enhance workplace safety, reduce accidents and injuries, mitigate workers’ comp costs, foster improved employee engagement and morale, and safeguard the reputation of organizations. “Our members' success is at the core of NAFA,” said Mike Camnetar, CAFM, NAFA Board President. “Teaming up with J. J. Keller® Training allows us to provide exclusive access to top-tier DOT training courses, enabling our members to thrive in their operations while prioritizing safety and compliance.” Exclusive Training Benefits for NAFA Members: Access to hundreds of online courses and video-on-demand training at a discounted rate Self-paced online courses tailored for individual learning Training materials for classroom settings suitable for team-based learning Spanish-language courses available for diverse learners For NAFA members, the discounted pricing for training courses is $19.00 per Self-Paced Training course and $50.00 per Video on Demand. Self-Paced Training Courses allow NAFA members to independently access and complete modules within a 90-day enrollment period, featuring quizzes for comprehension assessment. The Video on Demand Training is tailored for classroom settings and equips facilitators with comprehensive instructions, video content, quizzes and supplementary materials for group sessions, and is available within a 30-day access window. To learn more about this collaboration and the courses, visit: https://www.nafa.org/events/dot-training-courses/ NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

January 11, 2024 11:00 AM Eastern Standard Time

Defense Acquisition University (DAU) to Support NCMA Nexus 2024

National Contract Management Association

The National Contract Management Association (NCMA) is pleased to announce the collaboration with the Defense Acquisition University (DAU) for the inaugural Nexus 2024 conference, scheduled from March 3-6 in Jacksonville, FL. This strategic partnership is a significant milestone for NCMA as it reinforces the commitment to advancing the knowledge and skills of the defense acquisition workforce. Notably, participants in Nexus 2024 will benefit from transferable credits toward their certifications, making this collaboration with DAU particularly valuable for professionals seeking career development opportunities. Nexus 2024, offers a unique platform for cross-functional collaboration for both government and industry to address pressing issues in federal procurement, including supply chain risk, cybersecurity, and sustainability. The event encourages joint efforts in innovation, strategic discussions, case studies, hackathons, and real-world problem-solving, providing deployable solutions for attendees. The co-hosted event aligns seamlessly with the new Better Contracting Initiative (BCI), emphasizing that multi-functional groups come together to learn the acquisition lifecycle side by side, promoting a comprehensive understanding of each’s others perspective job functions along with federal procurement challenges. One of the emcees for Nexus 2024 is DAU’s Professor of Program Management, Julie Knechtel, expressed her excitement about the event, stating, "I am excited to be part of an event that brings together diverse perspectives and expertise in defense acquisition. It is a great opportunity to train as we work, leverage the expertise of multi-functional teams, and enhance the skills needed to tackle the evolving challenges in federal procurement collaboratively." NCMA's Chief Executive Officer, Kraig Conrad, commented on the natural fit between NCMA and DAU, saying, "The collaboration with DAU at Nexus 2024 exemplifies our shared commitment to advancing the knowledge and skills of the acquisition workforce. We are grateful for their support as together we drive better practices and better outcomes in acquisition and procurement.” Michelle Currier, NCMA's Chief Learning Officer, also shared her enthusiasm, stating, "The Nexus 2024 event underscores the importance of collaboration and continuous learning in federal procurement. DAU's support enhances the educational value of the event, aligning with the goals of not only NCMA, but the federal government overall." Nexus 2024 is open to all professionals involved in federal procurement, providing an ideal opportunity for integrated teams to learn and train together. For more information about Nexus 2024 and to register for the event, visit the NCMA website at http://www.ncmahq.org/nexus. The National Contract Management Association (NCMA) – www.ncmahq.org – stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. DAU is the acquisition learning, development and talent management organization for the Department of Defense with a mission to provide a global learning environment to develop qualified acquisition, requirements, and contingency professionals who deliver and sustain effective and affordable warfighting capabilities. Nearly 160,000 acquisition professionals across all military services and Department of Defense agencies have access to career-long learning and support from DAU faculty and staff. Contact Details Holly DeHesa +1 281-865-3296 dominick.belfiore@ncmahq.org Company Website https://www.ncmahq.org

January 11, 2024 05:05 AM Eastern Standard Time

NAFA Unveils Cutting-Edge Education Session Lineup for 2024 Institute & Expo: Empowering Fleet Management for Tomorrow's Challenges

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, today unveiled its education session line-up for NAFA’s 2024 Institute & Expo, the industry’s largest gathering of fleet and mobility professionals. This year’s conference will take place April 22-24 in San Antonio, TX. "We take great pride in introducing the robust educational sessions for this year’s 2024 Institute & Expo," stated Bill Schankel, CAE, NAFA CEO. "We invite all those in the industry to join us in San Antonio for an exceptional opportunity to acquire invaluable knowledge and strategic insights essential for the advancement of fleet operations. This event will allow all of our attendees the opportunity to support and further their expertise that will distinguish them within the industry." Over the course of three days, attendees can engage with immersive educational offerings designed to equip them with solutions for their everyday challenges and strategies for future fleet operations. Session tracks include: Emerging Technologies – This track immerses attendees in the forefront of fleet innovation, providing key insights to optimize fleets for the future. Sessions will cover: EV Planning EV Battery Charging Telematics and 5G Cyber and Physical Security Law Enforcement – This track is tailored to address the unique needs of law enforcement fleets, focusing on optimizing fleet operations, enhancing performance and ensuring reliability in the demanding environments where these vehicles operate. Sessions will cover: Electrification of Law Enforcement Fleets Preventative Maintenance Operations Management – This track delves into the core aspects of fleet administration and efficiency, offering insights into maximizing operational effectiveness, adapting to evolving facility needs, optimizing driver performance, ensuring compliance and fostering a resilient workforce. Sessions will cover: Fleet optimization Future-Proofing Fleet Facilities Driver Productivity and Retention Regulatory compliance Strategy – This track navigates the overarching frameworks crucial for fleet success, exploring innovative approaches to maximize efficiency, cost-effectiveness and sustainability while adapting to dynamic market landscapes and operational demands. Sessions will cover: Supply Chain Management Motorpool & Right-Sizing Grants, Incentives and Rebates Total Cost of Ownership Sustainability – This track encompasses pivotal aspects shaping the future of fleets, focusing on the transition to sustainable practices, partnerships for emission reduction, effective technician recruitment and strategies for long-term environmental impact mitigation within fleet operations. Session will cover: EV Transition Choosing the Right EV Charging Partner Alternative Fuel Management Joint Partnership in Decarbonization Finding and Retaining Qualified Technicians Additional tracks include DEIA, Legislative, Safety, Technicians and more. View the full list of education sessions for more information. Don't miss out on this opportunity to learn from industry leaders and experts – register today. Media registration is complimentary for credentialed journalists – register now. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

January 10, 2024 01:00 PM Eastern Standard Time

Human-augmented AI data marketplace Ta-Da debuts on strategic MultiversX incubator xLaunchpad

STORM Partners

Ta-Da, the platform revolutionizing AI data annotation, announces its highly anticipated debut on xLaunchpad, MultiversX’s strategic incubator. This collaboration sets the stage for a groundbreaking advancement in the secure and ethical development of AI, harnessing the power of human-validated data. Founded on over seven years of expertise in AI, Ta-Da leverages the power of MultiversX blockchain technology to disrupt conventional data collection methods. With its focus on video, audio, and image verticals, Ta-Da introduces a hybrid model of data annotation that blends quality, cost-effectiveness, and scalability. Addressing major challenges in AI development, such as bias and high data-related costs, this approach has already proven its efficacy with over 2.5 million tasks completed during its public beta phase. “The future of AI is not just about algorithms but about the quality and diversity of data that trains these algorithms,” says William Simonin, CEO of Ta-Da. “ Our launch on xLaunchpad is a pivotal step in realizing our vision of creating more effective AI systems by harnessing the power of human insight and the robustness of blockchain technology. ” xLaunchpad is the strategic incubator and acceleration platform of the MultiversX blockchain ecosystem. It is renowned for backing the most ambitious and impactful technologies in the web3 space, enabling them to leverage MultiversX’s highly scalable and secure blockchain network, which processes over 30,000 transactions per second at negligible cost. “ Ta-Da’s innovative model for AI data annotation aligns perfectly with our mission to foster technological advancements that have a profound global impact, ” said Beniamin Mincu, CEO and founder of MultiversX. “ Their debut on xLaunchpad is a testament to our commitment to nurturing projects that tap into the massive opportunities that emerge from the convergence of blockchain and AI. ” The collaboration between Ta-Da and xLaunchpad signifies a transformative movement in AI and blockchain technology. It not only propels Ta-Da’s mission forward but also reinforces MultiversX’s position as a leader in supporting revolutionary tech initiatives. This partnership is set to redefine the landscape of AI development, making it more accessible, diverse, and efficient. The public launch event of Ta-Da on xLaunchpad is taking place on February 09, 2024. For more information and to be part of this transformative journey, visit https://xlaunchpad.com/tada About MultiversX MultiversX is a highly scalable, secure, and decentralized blockchain network built from first principles, to solve the two fundamental problems critical for widespread, global adoption: a transition from dialup to broadband, and a significant UX paradigm shift. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details Dan Voicu +1 561-325-8757 dan.voicu@multiversx.com

January 10, 2024 09:12 AM Eastern Standard Time

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5Scape VR Announces its Presale Going Live Today!

Spark Metro PR

In the thrilling realm of virtual reality (VR), 5th Scape stands as the gateway to the next big thing. Utilizing cutting-edge technology, 5th Scape promises a significant transformation in the online VR games platform niche, redefining the essence of immersive 3D gaming experiences. 5SCAPE Crypto Coins represent the first coins in the cryptocurrency world to offer exclusive access to premium VR content and devices, enhancing gaming experiences. Serving as a gateway to unlock special in-game features, these coins foster a dynamic community and present substantial growth potential within the virtual reality ecosystem. If you're interested in futuristic investment opportunities, cryptocurrency competes strongly with traditional avenues, and 5 Scape offers a rewarding future-proof investment. Click here to visit the 5 Scape Presale site Presale Countdown: 8 Hours Until Launch Prepare for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the presale launch happening TODAY in just 8 hours. This presale event introduces the 5SCAPE Coin, a token unlocking exclusive access to premium VR content, elevating gaming experiences to unparalleled heights. Get ready for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the upcoming presale launch, set to kick off in just 8 hours. This presale event introduces the 5SCAPE Coin, a token that will unlock exclusive access to premium VR content, elevating your gaming experiences to unparalleled heights. Presale Launch Details: Date: 09th January 2024 Time: 11 PM UTC +4 Total Funding Goal: $15 Million Click here to visit the 5 Scape Presale site 5SCAPE Coin - Your Key to Unmatched Virtual Reality Adventures At the center of the 5th Scape ecosystem, 5SCAPE coins are not just a currency but your ticket to a world where imagination meets innovation. As the presale events commence, game enthusiasts have the opportunity to be among the first to acquire 5SCAPE tokens, offering entry to exciting 3D VR games, powerful VR headsets with HDR quality, and ergonomically designed gaming chairs for utmost comfort during missions. Presale Highlights: The current price of 5Scape token at launch is $0.00187 Throughout all presale rounds, the 5scape token price is expected to appreciate by 400%, reaching a total value of $0.01. As the first VR ecosystem in the Ethereum crypto world, the 5th Scape project anticipates a reliable future without significant market competition. Early birds/Early enrollees will gain an exclusive advantage to access VR games and devices. Enjoy substantial discounts on all digital products with 5Scape tokens. Rest assured about data safety and confidentiality, protected by decentralized blockchain technology. Join Us in Redefining Reality 5th Scape is not just a project; it's a mission to reshape the virtual reality landscape. With a vision to be the forefront innovator in the VR industry, 5th Scape invites visionary investors, long-term investors, game developers, and gaming enthusiasts to join this thrilling and adventurous journey. Be part of the future of virtual reality gaming with 5scape. Don't Miss this fantastic opportunity to invest in 5th Scape, where technology and imagination converge to create a virtual world like never before. About 5th Scape: 5th Scape is a cutting-edge online VR games platform poised to redefine immersive gaming experiences. With the 5SCAPE Coin, 5th Scape offers exclusive access to premium VR content, animations, educational content, movies, and much more, creating a dynamic community within the virtual reality landscape. Follow 5thScape on social media for the latest updates: Twitter: @5th_scape Telegram: @fifthScape Discord: @5thscape Join the conversation using #5thScapeVR Contact Details Spark Metro Sumit Kumar +1 302-597-6768 sales@sparkmetro.com

January 09, 2024 04:53 AM Eastern Standard Time

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VinFast to build integrated electric vehicle facility in Tamil Nadu, India

VinFast Auto

TAMIL NADU, INDIA - Media OutReach Newswire - 6 January 2024 - VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, and the Tamil Nadu State Government announce a landmark partnership in a Memorandum of Understanding (MoU) to charge the development of green transportation in India. VinFast and the State Government will work toward a total investment of up to USD 2 billion, with an intended commitment of USD 500 million for the first phase of the Project, spanning five years from the commencement date. This move indicates a significant step in VinFast's expansion into the world's third-largest vehicle market. The plan to expand into India aims to seize growth opportunities in the world's most populous nation and rapidly expanding EV market. This initiative forms a crucial part of VinFast's strategy to establish a strong presence in key markets and strengthen its supply chain for global expansion. The establishment of VinFast's integrated electric vehicle facility in Tamil Nadu is anticipated to generate approximately 3,000 - 3,500 employment opportunities locally. In addition to creating jobs and improving the skills of the local workforce, VinFast remains dedicated to fostering gender equality and offering career advancement opportunities for the community. Situated in Thoothukudi, the VinFast Tamil Nadu project aims to evolve into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units. Construction of the plant is anticipated to begin in 2024. This project is set forth to lay a strong foundation for economic growth in Tamil Nadu and India as a whole. Besides the economic benefits, the project will also pave the way for green transportation development, targeting 30% of newly registered private cars to be electric. This aligns with the state government's initiatives to minimize carbon emissions in the transportation sector. Ms. Tran Mai Hoa, Deputy CEO of Sales and Marketing, VinFast Global shared: “The MoU demonstrates VinFast's strong commitment to the sustainable development and vision of a zero-emission transportation future. We believe that investing in Tamil Nadu will not only bring considerable economic benefits to both parties, but will also help accelerate the green energy transition in India and the region.” Mr. Thallikotai Raju Balu Rajaa, Minister of Industries of the Government of Tamil Nadu, said: “EV manufacturing companies are not only important economic drivers but also powerful accelerators to the State’s green vision. We are delighted that VinFast has chosen to invest in Tamil Nadu to establish its integrated EV facility. Possessing robust capabilities and unwavering commitment to a sustainable future, I believe that VinFast will emerge as a reliable economic partner and substantial contributor to Tamil Nadu’s long-term development.” VinFast's green transportation development project is its third manufacturing project and the largest investment in Tamil Nadu's history. Considering the tangible economic and social benefits that are engendered due to the establishment of the project, the Government of Tamil Nadu also commits to providing cleared land for the manufacturing facilities, uninterrupted power supply, and other infrastructure support on a best-effort basis. Additionally, both parties will continue to collaborate and discuss opportunities for charging stations to steer toward a clean mobility future. This investment decision in Tamil Nadu leads to mutual economic growth for both VinFast and the state, while also strengthening the Comprehensive Strategic Partnership between Vietnam and India. In addition to building the manufacturing facilities in Tamil Nadu, VinFast also has intentions to inaugurate a nationwide dealership network. This approach is to establish a strong brand presence and swiftly connect with customers across the country. As Vietnam’s leading electric vehicle manufacturer with global aspirations, VinFast's relentless dedication to innovation and research propels the Company towards its goal of being a global leader in the electric vehicle industry and its commitment to a sustainable future for all. About VinFast VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam. Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility for a sustainable planet. Learn more at: www.vinfastauto.com. Contact Details Chi Duong v.chidqd1@vingroup.net Company Website https://www.vinfastauto.com/

January 06, 2024 07:00 AM Eastern Standard Time

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