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CATL’s Liyang plant recognized as Lighthouse factory by World Economic Forum




NINGDE, China, Dec. 14, 2023 /PRNewswire/ — CATL announced today that its Liyang plant in east China’s Jiangsu Province has been recognized as one of the 21 new members of the Global Lighthouse Network (GLN) by the World Economic Forum (WEF), adding the third Lighthouse to the battery industry following CATL’s Ningde plant and Yibin plant. 

“To address soaring demand and increasing labour costs, and to meet its carbon neutrality commitment, CATL Liyang applied big data to simulate quality-testing, additive manufacturing to reduce changeover times, computer vision to achieve micron-level quality inspection, and deep learning to optimize process controls and energy management,” the World Economic Forum wrote in its announcement of the new Lighthouses on December 14th. “This has resulted in a 320% output increase, a 33% reduction in manufacturing costs, a 47.4% reduction in normalized emissions and a 99% reduction in quality defects. Defect measurement has been upgraded from ‘per million’ to ‘per billion’.”

The GLN is a collaborative platform bringing together forward-thinking manufacturers leading the charge in adopting Fourth Industrial Revolution technologies. Kiva Allgood, Head of the Centre for Advanced Manufacturing and Supply Chains of the WEF said, “Lighthouses are pioneering a path to unprecedented global impact, strategically weaving innovation throughout their expansive network – sculpting both a sustainable future and an era of transformative and lasting change.”

To meet the soaring market demand and contribute to the global efforts to fight climate change, CATL’s Liyang plant has leveraged innovations including artificial intelligence (AI), 3D-printing and big data analytics to boost productivity and sustainability:

  • Faster capacity testing process: As one of the bottlenecks during battery cell manufacturing, capacity testing and calibration process accounts for a major part of the entire manufacturing time and nearly half of the energy consumption of the entire production line. Based on big data modeling of full-cell capacity and combined with deep study of battery mechanism, CATL has developed an intelligent battery capacity estimation system, reducing the time of capacity testing and process energy consumption to a large extent.
  • Quicker changeover time: The rapid development of lithium-ion battery technology has higher requirement on flexible production. By using the traditional machine tool processing methods, it usually takes over several weeks to replace fixtures, which is difficult to satisfy customers’ needs. With the help of virtual simulation and additive manufacturing, CATL is able to achieve quick virtual design, precise virtual verification, and 3D printing fast machining, which have dramatically shortened the average manufacturing lead time.
  • Comprehensive operation and maintenance system: High quality battery products require high consistency during the manufacturing. By adopting Industrial Internet of Things (IIoT), edge computing and big data, CATL has developed an efficient equipment operation and maintenance system with multi-levels in the plant scale. It can achieve online monitoring and health management, and provide predictive maintenance so as to optimize maintenance plans and reduce equipment failure rates and maintenance cost.
  • More precise quality inspection: Supported by high-precision 3D camera, AI and edge computing, CATL has developed quality inspection model with wrong-interception and fault-miss in super low level, which has achieved 100% defects detection in the seal pin welding process and eliminated Helium leakage detection, improving the defect rate from DPPM to DPPB level.
  • Optimized sustainable energy management: To tackle difficulties in the energy consumption monitoring and energy waste caused by manual regulation, CATL has built a multi-factor environmental tuning model to enable the intelligent control on energy parameters across the entire plant. With a large number of sensors distributed across the plant, almost all of the plant’s equipment can be intelligently monitored. Based on big and advanced process controller (APC) technology, equipment parameters can be analyzed and adjusted in real time, which significantly improves the plant’s energy efficiency. Moreover, with the application of advanced carbon emission calculation model, CATL can monitor carbon emission of each production line in real time and track carbon emission reduction projects, providing reliable decision support for the plant’s carbon emission reduction.

Among GLN’s 153 manufacturing members, there are three Lighthouse factories in the battery industry, all of which are from CATL. In the future, CATL will continue to adopt its experience in Lighthouse factory in all its 13 plants globally, thus making its innovative technology accessible to more people, and contributing more to global sustainable development. 

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Velo Is Enhancing Its Own Ecosystem Through Interoperability




Interoperability in Velo: To Infinity and Beyond

BANGKOK, March 5, 2024 /PRNewswire/ — As new blockchains and blockchain-based platforms emerge, it’s crucial for these ecosystems to be interconnected, enabling users to seamlessly transfer their assets without complications. Velo is enhancing its own ecosystem through interoperability, aspiring to become a pivotal connection point for various blockchains.

A significant update within Universe is its support for multiple wallet addresses on a single platform, catering to users who possess multiple wallets across different platforms. This feature is essential for managing diverse assets conveniently.

Furthermore, Universe is integrating multi-chain login and registration support for networks such as Solana and Tron, thereby improving Velo’s accessibility and usability. Efforts are in place to refactor the user database and management code, ensuring a smooth and secure experience.

Velo is advancing its blockchain integration by incorporating the Solana and Tron networks, aiming to offer enhanced deposit and withdrawal functionalities to enrich its ecosystem. This initiative involves deploying Solana and Tron chain-node and full-node functionalities, thereby broadening the network’s diversity and user options. Additionally, Universe is introducing a dedicated user interface (UI) for Solana transactions, encompassing deposit-withdrawal and account management across Webplus and mobile platforms, ensuring a seamless user experience.

This streamlined approach guarantees that Velo’s users have comprehensive and intuitive access to a broader range of transaction options, significantly boosting the platform’s utility and user engagement.

The integration with the Lightning Network marks a significant advancement in improving Bitcoin transactions. By implementing Lightning chain-node and deploying a BTC full-node, Orbit aims to streamline Bitcoin deposits and withdrawals, making them faster and more cost-efficient.

Velo’s dedication to ensuring inclusivity and connectivity with other blockchains is evident through the concrete steps it has taken. With aggressive strides towards unlocking the full potential of the Velo Protocol, Velo is poised for significant growth and innovation.

About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.

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CGTN: China vows to develop new quality productive forces in modernization drive




BEIJING, March 5, 2024 /PRNewswire/ — China saw the number of contracted technology transactions grow by 28.6 percent in 2023, an achievement that speaks volumes of the country’s enhanced capacity for innovation-driven development.

China will leverage the leading role of innovation, spur industrial innovation through advancements in science and technology, and press ahead with new industrialization, according to a government work report submitted on Tuesday to the national legislature for deliberation.

Chinese Premier Li Qiang delivered the report at the opening meeting of the second session of the 14th National People’s Congress in the Great Hall of the People in Beijing.

The report says that the country will strive to modernize the industrial system and develop new quality productive forces at a faster pace.

Developing new quality productive forces

With innovation leading the way, new quality productive forces mean going beyond the traditional models of economic growth. This path features high technology, high efficiency and high quality, and aligns with China’s new development philosophy.

In order to develop these new quality productive forces, the government work report lists a series of tasks.

It calls for improving and upgrading industrial and supply chains besides cultivating emerging and future-oriented industries, such as hydrogen power, new materials, biomanufacturing, commercial spaceflight, quantum technology and life sciences.

The report also says that innovative development of the digital economy will be promoted, an Artificial Intelligence Plus initiative will be launched, and the country will consolidate and enhance its leading position in industries such as intelligent connected new-energy vehicles.

Moreover, China has set an economic growth target of around 5 percent for 2024 and vowed to promote high-quality development. It will issue ultra-long special treasury bonds annually over the next several years for implementing major national strategies and building up security capacity in key areas, starting with 1 trillion yuan of such bonds this year, according to the report.

The report also stresses efforts for invigorating China through science and education and consolidating the foundations for high-quality development.

China will speed up efforts to build a contingent of personnel with expertise of strategic importance and cultivate more first-class scientists and innovation teams.

The country will develop platforms for identifying basic research talent, train high-performing engineers and highly-skilled workers, and enhance support for young scientists and engineers, according to the report.

Acting on people-centered development philosophy

China will make efforts to ensure and improve the people’s welling and promote better and new ways of conducting social governance, the report says.

It highlights that China will deliver real benefits to the people to their satisfaction by acting on the people-centered development philosophy.

In 2023, China’s per capita disposable income of residents increased by 6.1 percent, and over 66 million taxpayers benefited from an increase in the special additional deductions for individual income tax, which cover children nursing expenses, children’s education and elderly care expenses, according to the report.

In 2024, the country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 percent.

China will also enhance ecological conservation and promote green and low-carbon development, including taking comprehensive steps to improve the environment and boosting the green and low-carbon economy, according to the report.

In 2023, China’s installed renewable energy capacity surpassed its thermal power capacity for the first time in history and it accounted for over half of newly installed renewable energy capacity worldwide, according to data released by the National Energy Administration.

The country will advance the energy revolution and actively and prudently work toward peaking carbon dioxide emissions and achieving carbon neutrality, according to the report.

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SK chemicals, Hyosung Advanced Materials, and Hankook Tire Commercialize South Korea’s First Chemically Recycled PET Tire



  • Establishing a circular economy that extends from recycled PET to high-strength tire cords and electric vehicle-exclusive tires
  • Leading the global tire industry’s sustainable management by commercializing products with 45% eco-friendly certified materials

SEONGNAM, South Korea, March 5, 2024 /PRNewswire/ — To reduce carbon emissions, the South Korean industrial sector has developed and commercialized the country’s first tire using chemically recycled PET.

SK chemicals (CEO Ahn Jae-hyun), Hyosung Advanced Materials Co., Ltd. (CEO Cho Yong-soo), and Hankook Tire & Technology Co., Ltd. (CEO Lee Soo-il, hereafter Hankook Tire) announced on the 5th that they have successfully developed the electric vehicle-exclusive tire “iON” applying “circular recycled PET (polyester) fiber tire cords.” Circular recycling is an exclusive chemical recycling technology of SK chemicals that breaks down discarded plastics through chemical reactions into molecular units and then uses these raw materials to produce recycled plastics.

Before the commercialization phase, there were instances where chemical recycling technology was applied to concept tires or prototypes, but the release of a tire product to the market using chemically recycled PET-based tire cords through to commercialization is a first in South Korea.

SK chemicals, Hyosung Advanced Materials, and Hankook Tire have collaboratively developed this tire over a period of about two years. SK chemicals has reliably supplied the circular recycled PET “SKYPET CR”, and Hyosung Advanced Materials developed the high-strength recycled PET-based tire cords using this as a raw material. The developed tire cords were applied to Hankook Tire’s premium electric vehicle tire brand, iON. The iON tire, with a 45% sustainable material content, has recently passed the stringent reliability verification by a European automotive manufacturer, securing final approval for use and being mounted as tires for new vehicles.

Tire cords are fiber reinforcement materials that help maintain the shape of the tire and withstand the load and impact applied during driving, enhancing the tire’s durability, driving performance, and ride comfort.

SK chemicals’ “SKYPET CR” has the advantage of maintaining high-quality properties and safety even after infinite recycling, compared to the physical recycling method of washing discarded plastics or cutting them into flakes for reuse, and it can achieve properties equivalent to petrochemical-based materials.

The iON model developed by Hankook Tire incorporates 45% sustainable materials, including bio-based, circular, and bio-circular polymers, bio-based silica along with Hyosung Advanced Materials’ tire cords, and the model is the first tire to bear the ISCC PLUS certification logo.


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