Day: July 26, 2021

A full battery ecosystem designed for emergency backup power and utility bill reduction

LOS ANGELES, July 26, 2021 /PRNewswire/ — EcoFlow, a portable power and renewable energy solutions company, today launched the EcoFlow DELTA Pro portable home battery and ecosystem. With an expandable capacity up to 25kWh, the DELTA Pro can fully recharge in under two hours and is the industry’s first battery to harness multiple power sources. The full ecosystem has enough power – on just one charge – to meet an average family’s emergency power usage for about one week.

Pre-orders are now available on Kickstarter, and backers are expected to receive their products in late November of this year.

“Extreme weather events and grid instability are driving people to take more control of their home power solutions,” said Thomas Chen, R&D Director at EcoFlow. “The EcoFlow DELTA Pro ecosystem is primarily designed for two usage scenarios: to provide critical backup power during power outages and, to better monitor and control your daily consumption of power and lower utility bills.”

Expandable Capacity and Ecosystem

The EcoFlow DELTA Pro has the largest expandable capacity on the market, with a base capacity of 3.6kWh that increases to 10.8kWh with two extra batteries, and up to 25kWh with ecosystem products like a smart home panel and smart generators.

The EcoFlow ecosystem accessories are an industry differentiator. They expand possibilities by offering more power source options, accessories to maximize use of power and more user-friendly ways to control and manage power supply.

• Multiple power sources: Solar Panel, Solar Tracker, EV X-Stream Adapter, Smart Generator
• Expand base battery capacity: Smart Extra Batteries, Double Voltage Hub
• More power control: EcoFlow App, DELTA Pro Remote Control, Smart Home Panel

Fastest Charging in the Industry

The EcoFlow DELTA Pro is not only the world’s fastest charging power station, but also the first portable battery that supports EV charging and the first to harness multiple power sources – the grid, solar, wind, and gas.

The EcoFlow DELTA Pro supports 3000W charging via EV charging, the EcoFlow smart home panel, or a 240V outlet. Moreover, the input can be boosted to 6000W when charging the EcoFlow DELTA Pro connected to a Smart Extra Battery with the addition of solar and smart generator charging, enabling the EcoFlow DELTA Pro to be fully recharged in two hours.

As the first battery to support EV charging, it can be fully recharged in 1.8 hours by any of the 35,000 Level 2 AC EV charging stations across the US, freeing EVers from low-battery anxiety.

Powers (Nearly) Everything

With a huge 3600W AC output, which is expandable up to 7200W by connecting two DELTA Pro units with the Double-Voltage Hub, the DELTA Pro can power heavy-duty devices like refrigerators and air conditioners — even up to 240V.

In the event of a prolonged blackout, the average family consumes approximately 3.68kWh/day of emergency electricity to power electronics like lights, a fan, internet router, laptops and smartphones, and a refrigerator. With just one charge’s worth of the full EcoFlow DELTA Pro ecosystem, a family can power this device configuration for about seven days.

“The idea of EcoFlow has always been to provide the best solutions for the generation, storage, and consumption of power,” said Chen. “And with the EcoFlow DELTA Pro ecosystem, we are confident to say we have worked out an integrated solution on all three levels and set a new standard for the industry.”

EcoFlow DELTA Max

Along with today’s launch of the EcoFlow DELTA Pro, EcoFlow also debuted the EcoFlow DELTA Max on Kickstarter. With a base capacity of 2016Wh expandable to 6048Wh, the EcoFlow DELTA Max is a more portable and scaled version of the EcoFlow DELTA Pro.

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• Lucid Motors begins trading today as Lucid Group, Inc., under the new ticker symbol “LCID” after completing a merger with Churchill Capital Corp IV
• The transaction brings in $4.4B, which the company plans to use to accelerate its growth and increase manufacturing capacity to capitalize on expected demand
• Company has over 11,000 paid reservations for Lucid Air and is on schedule to deliver its groundbreaking luxury electric vehicle in the second half of 2021
• Lucid’s leadership team reflects its culture of excellence, with significant expertise in the automotive and technology industries
• In-house EV technology will deliver world-leading performance and efficiency, including a projected EPA range of over 500 miles on a single charge
• Vertically integrated engineering and manufacturing capabilities, including a state-of-the-art EV factory in Casa Grande, AZ

NEW YORK, July 26, 2021 /PRNewswire/ — Lucid Group, which is setting new standards for sustainable mobility with its advanced luxury EVs, today became a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols “LCID” and “LCIDW,” respectively. Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined company will now operate as Lucid Group, Inc.

Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company’s public listing. A live stream of the event can be viewed by visiting: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

“Lucid’s mission is to truly mass industrialize electric cars and electric powertrain systems through the development of the most advanced technology imaginable,” said Peter Rawlinson, CEO and CTO, Lucid Group. “Lucid Air represents the next generation of EVs and creates new standards for interior comfort, range, efficiency and power. We are on track to meet our projected deliveries for the next two years, and we look forward to delighting our customers around the world with the best electric vehicles ever created.”

Rawlinson added, “Thank you to my colleagues across the country, from our headquarters in California to our factory in Arizona, for their outstanding efforts and willingness to question what’s possible every day. I am proud of Lucid’s core foundations, built on curiosity, determination, and sound engineering principles.”

Michael S. Klein, Chairman and CEO of Churchill Capital Corp IV, prior to the business combination, said, “Lucid has industry-leading technology, clear demand for its products, and is on track to deliver revenue-generating cars to customers in the second half of this year. We are excited to support Lucid’s transition into a public company and confident in its ability to address unmet needs in the automotive industry, which is moving towards electrification at a rapid pace and on a global scale.”

The company embarks on the next phase of its growth as it brings Lucid Air to market and expands rapidly to meet its goal of offering a broad range of products powered by the company’s proprietary electric powertrain technology. Lucid recently passed 11,000 paid reservations for Lucid Air, including the fully reserved Dream Edition, the Grand Touring edition, and both Touring and Pure versions. The company is now currently producing Lucid Air at its factory in Arizona and conducting quality validation checks as a precursor to customer deliveries.

Lucid’s leadership team spans decades of experience across a diverse set of automotive and technology companies. Its new Board of Director likewise delivers diverse expertise and consists of:

• Peter Rawlinson, CEO & CTO, Lucid Group
• Andrew Liveris, Chairman of the Board, formerly Chairman and CEO of The Dow Chemical Company
• Turqi Alnowaiser, Deputy Governor and Head of the International Investments Division, Public Investment Fund of the Kingdom of Saudi Arabia
• Glenn R. August, Founder and CEO Oak Hill Advisors, L.P.
• Nancy Gioia, Executive Chairman, Blue Current, Inc.
• Frank Lindenberg, former CFO, Mercedes-Benz Cars and Mercedes-Benz AG
• Nichelle Maynard-Elliott, Director, Element Solutions, Inc.
• Tony Posawatz, President & CEO, Invictus iCAR
• Janet S. Wong, Partner (retired), KPMG LLP

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, select models of Air are expected to be capable of a projected EPA range of over 500 miles. Customer deliveries of Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, are planned to begin in the second half of 2021.

Media Contact
media@lucidmotors.com

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SHANGHAI, July 26, 2021 /PRNewswire/ — Shanghai Electric (“Shanghai Electric” or “the Company”) (601727.SS and 02727.HK) shared the same stage with global companies for the Industry Intelligence Conference at the World Artificial Intelligence Conference 2021 (WAIC 2021) in Shanghai recently to discuss the benefits of industry intelligence and digital transformation. The annual Shanghai-based tech fest invites tech gurus and industry insiders to unlock insights, analysis and trends to shed light on topics such as staying ahead of change, supporting industries in AI integration, helping global elites and leaders to make better-informed decisions in an era defined by ever-evolving digital technologies.

At WAIC 2021, Shanghai Electric also reached a strategic partnership agreement with companies involved in the AI Investment Fund, which was launched in 2019 as part of an initiative of the Shanghai municipal government to support the city’s pledge to build a “first-class AI innovation ecosystem.” The cooperation will see Shanghai Electric providing digital solutions to facilitate the upgrade and transformation of smart factories, industrial parks and medical institutions in Shanghai.

During an Industry Intelligence Conference panel discussion, Ms. Yang Hong, Vice President of Shanghai Electric, said that the meaning of digital transformation rests on its tremendous potential in boosting efficiency and product quality and reducing operational expense. She emphasized that digital transformation is the best solution to help industries unblock bottlenecks when facing pressing challenges in terms of minimizing emissions and waste, maintaining low unit costs while ensuring high suitability.

“Shanghai Electric has a long history of innovating energy technologies and creating significant value for the entire industry. We have witnessed ourselves making countless zero-to-one technological breakthroughs and going through a metamorphosis to becoming a world-class enterprise with excellence and perfection at the center of our mission and vision,” said Yang Hong.

“The industrial world is in the midst of transformation. As a future-focused tech company, Shanghai Electric embraces the Industrial Internet to create new digital solutions to help our partners seize the opportunity of tomorrow. With digital twins, artificial intelligence and big data technologies, Shanghai Electric aims to upgrade internal industrial production in an effort to refine our solutions for our partners, carving out a development path that will empower the future of the entire energy industry,” she added.

In recent years, Shanghai Electric’s efforts in driving forward the digital transformation of the energy sector have achieved multiple milestones. In June 2021, the company ranked 9th on the list of “2021 TOP100 Chinese companies promoting China’s Digital Transformation” with an overall score of 85.42, according to Internet Weekly, a magazine managed by the Chinese Academy of Sciences. Shanghai Electric’s Industrial Internet platform SEunicloud has now also been widely deployed in the wind power, gas turbine and other energy fields.

Since the launch of SEunicloud in 2019, the platform has improved through several updates. In late 2020, Shanghai Electric unveiled SEunicloud 2.0 featuring major improvements in terms of the integration of Artificial Intelligence (AI), Business Intelligence (BI), and Creative Intelligence (CI). The 2.0 version is equipped with a new AI big data module capable of displaying data value and providing business analysis for a multitude of industrial scenarios, coupled with an upgraded BI module that enables fast data processing and intelligent analysis by navigating through huge datasets.

An agreement was inked between Shanghai Electric and Siemens Energy in June 2021, under which the pair will launch smart energy empowerment to support the development of smart energy in Shanghai. Located in Minhang District, the center will empower local power stations, small-and-medium-sized enterprises and the community with solutions – such as smart power plants, smart O&E, smart manufacturing and energy management system – that are aimed at bolstering Shanghai’s digital transformation while reducing the urban carbon footprint.

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