Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows

SEATTLE, March 8, 2021 /PRNewswire/ — (NASDAQ: RDFN) — A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to a new report from Redfin…

SEATTLE, March 8, 2021 /PRNewswire/ — (NASDAQ: RDFN) — A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. At a 3.25% interest rate, a homebuyer can afford a $506,000 home for $2,500 per month, down from the $529,250 they could afford on the same budget with a 2.75% rate. To put it another way, the monthly payment on a $506,000 home would rise $110 with the higher mortgage rate, from $2,390 to $2,500.

Interest rates started to rise in mid-February after 30-year fixed mortgage rates reached a record low of 2.65% in the beginning of January, a continuation of five months of sub-3% rates as the Fed worked to stimulate the economy during the pandemic-driven recession. Partly as a result of record-low rates, home prices rose a near-record 14% year over year in January. The average mortgage rate hit 3.02% in the week ending March 4—the first time it has risen above 3% in seven months—and is likely to continue to increase, at least slightly, as the economy recovers.

Growth in the number of homes that have gone under contract has started to slow in recent weeks, but it’s too early to tell whether the trend is a result of winter storms, a shortage of homes for sale, or rising mortgage rates or whether the trend is likely to continue into spring or not.

«If the $1.9 trillion economic stimulus package that’s set to provide cash relief to Americans and get people back to work is successful, interest rates are likely to inch back up to pre-pandemic levels of about 3.5%. That would alter the dynamics of the housing market, though it wouldn’t necessarily put a damper on it,» said Redfin Chief Economist Daryl Fairweather. «The financial relief coming to families earning less than $150,000 will give more of them the desire and means to buy a home. That will result in more demand for affordable homes. That’s different from what we’re seeing now, which is a housing market driven by wealthy people purchasing relatively expensive homes. Higher mortgage rates will also make buyers more price conscious and less likely to bid 10% or more over asking, so we could see some of the intense competition slow down.»

Forty-four percent of respondents to a recent Redfin survey said mortgage rates rising above 3.5% would have no impact on their homebuying plans, while 10% would cancel their plans to buy a home.

«The small increase in mortgage rates has had zero impact on buyers so far,» said Seattle Redfin agent Ben Stanfield. «Rates are still historically low and they’re still keeping buyers in the market. Even though rates are creeping up, they’re not increasing nearly as quickly as home prices. If you can buy, it’s a good idea to buy now before homes become even more expensive.»

With a 3.25% interest rate, 68.4% of homes nationwide that were for sale any time between January 26 and February 25 were affordable on a $2,500 monthly budget. With a 2.75% rate, 70.1% of homes were affordable on that budget.

«Over the next few months, it will be important to keep an eye on inflation,» Fairweather said. «Inflation has the potential to change every aspect of homebuyers’ finances: It could change earnings, change budgets and change mortgage rates.»

Buyers have fewer options with a 3.25% interest rate in every metro—especially Denver, Sacramento and Riverside

With a 3.25% interest rate, 52.5% of homes for sale in Denver between January 26 and February 25 were affordable on a $2,500 monthly budget, versus 56.3% with a 2.75% rate. In Sacramento, 47% of homes for sale were affordable with a 3.25% rate, versus 50.6% with a 2.75% rate. The 3.7 percentage-point difference in each of those places is bigger than any other metro. Next comes Riverside, CA, with a 3.4 percentage-point difference (57.3% versus 60.7%).

Birmingham, Cleveland and Detroit each have just a 0.4 percentage-point difference in the share of homes affordable with the two different interest rates. In Birmingham, 87.3% of homes for sale were affordable on a $2,500 monthly budget with a 3.25% rate, just slightly fewer than 87.7% with a 2.75% rate. In Cleveland it’s 92% versus 92.4%, and in Detroit it’s 92.9% versus 93.3%.

Share of homes for sale affordable on a $2,500 monthly mortgage budget, 2.75% interest rate versus 3.25% interest rate

Metro area

Share of homes affordable on a $2,500 payment @ 2.75%

Share of homes affordable on a $2,500 payment @ 3.25%

Change in share of homes affordable, 2.75% vs. 3.25%

Atlanta, GA

79.5%

77.7%

-1.7 pts

Austin, TX

65.5%

63.3%

-2.2 pts

Baltimore, MD

80.2%

78.5%

-1.7 pts

Birmingham, AL

87.7%

87.3%

-0.4 pts

Boston, MA

36.5%

33.8%

-2.7 pts

Buffalo, NY

92.8%

92.0%

-0.7 pts

Charlotte, NC

79.9%

78.4%

-1.5 pts

Chicago, IL

76.3%

74.7%

-1.6 pts

Cincinnati, OH

86.4%

85.6%

-0.8 pts

Cleveland, OH

92.4%

92.0%

-0.4 pts

Columbus, OH

88.6%

87.4%

-1.2 pts

Dallas, TX

77.6%

75.4%

-2.1 pts

Denver, CO

56.3%

52.5%

-3.7 pts

Detroit, MI

93.3%

92.9%

-0.4 pts

Hartford, CT

88.0%

86.7%

-1.3 pts

Houston, TX

80.6%

79.1%

-1.4 pts

Indianapolis, IN

90.6%

89.6%

-1.0 pts

Jacksonville, FL

83.7%

82.7%

-1.0 pts

Kansas City, MO

84.8%

83.5%

-1.3 pts

Las Vegas, NV

79.7%

78.0%

-1.7 pts

Los Angeles, CA

17.6%

15.8%

-1.8 pts

Louisville, KY

90.1%

89.5%

-0.6 pts

Memphis, TN

89.1%

88.1%

-1.0 pts

Miami, FL

61.3%

59.5%

-1.7 pts

Milwaukee, WI

89.0%

88.1%

-0.9 pts

Minneapolis, MN

79.6%

77.5%

-2.1 pts

Nashville, TN

75.5%

73.6%

-1.9 pts

New Orleans, LA

80.6%

79.2%

-1.4 pts

New York, NY

33.9%

32.0%

-1.9 pts

Oklahoma City, OK

88.6%

87.7%

-0.9 pts

Orlando, FL

83.0%

81.6%

-1.3 pts

Philadelphia, PA

82.0%

80.6%

-1.5 pts

Phoenix, AZ

70.7%

68.9%

-1.8 pts

Pittsburgh, PA

89.1%

88.4%

-0.7 pts

Portland, OR

58.5%

55.3%

-3.2 pts

Providence, RI

77.4%

76.0%

-1.4 pts

Raleigh, NC

81.8%

80.2%

-1.7 pts

Richmond, VA

82.7%

80.9%

-1.8 pts

Riverside, CA

60.7%

57.3%

-3.4 pts

Sacramento, CA

50.6%

47.0%

-3.7 pts

Salt Lake City, UT

56.8%

54.4%

-2.4 pts

San Antonio, TX

86.5%

85.1%

-1.4 pts

San Diego, CA

23.1%

20.6%

-2.6 pts

San Francisco, CA

4.8%

3.8%

-0.9 pts

San Jose, CA

4.6%

3.9%

-0.7 pts

Seattle, WA

30.7%

28.0%

-2.7 pts

St. Louis, MO

89.6%

88.8%

-0.7 pts

Tampa, FL

81.4%

80.2%

-1.1 pts

Virginia Beach, VA

89.3%

88.2%

-1.1 pts

Washington, DC

58.7%

55.8%

-2.9 pts

National

70.1%

68.4%

-1.7 pts

 

To read the full report, including methodology and an interactive chart that shows how much a homebuyer can afford to spend at different mortgage interest rates, please visit: https://www.redfin.com/news/rising-mortgage-rates-decrease-purchasing-power

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 95 markets in the United States and Canada. Since our launch in 2006, we have saved our customers nearly $1 billion and we’ve helped them buy or sell more than 310,000 homes worth more than $152 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

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SOURCE Redfin

Hyzon Motors Announces «Hydrogen Now™» Event To Showcase Virtual Ride Along in a Zero-Emission, Hydrogen Fuel Cell Powered Truck at Hyzon’s Production-Ready Groningen Facility

ROCHESTER, N.Y. and GRONINGEN, Netherlands, March 8, 2021 /PRNewswire/ — Hyzon Motors Inc. («Hyzon» or «the Company»), a leading global supplier of zero-emission hydrogen fuel cell powered commercial vehicles, today announced that it will hold the «Hydrogen Now» livestreaming event, which will feature an online livestream of a virtual ride along in one of the Company’s hydrogen fuel cell powered trucks. The virtual ride along will stream live from Hyzon’s European…

ROCHESTER, N.Y. and GRONINGEN, Netherlands, March 8, 2021 /PRNewswire/ — Hyzon Motors Inc. («Hyzon» or «the Company»), a leading global supplier of zero-emission hydrogen fuel cell powered commercial vehicles, today announced that it will hold the «Hydrogen Now» livestreaming event, which will feature an online livestream of a virtual ride along in one of the Company’s hydrogen fuel cell powered trucks. The virtual ride along will stream live from Hyzon’s European facility in the Groningen area of the Netherlands. Opportunities for Q&A will follow for pre-registered members of the media.

As announced on February 9, 2021, Hyzon has entered into definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBW, DCRBU), a publicly-traded special purpose acquisition company (SPAC) that would result in Hyzon becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, and is expected to occur in the second quarter of 2021.

Interested participants are invited to attend the virtual «Hydrogen Now» event to get a live look at the Hyzon fuel cell system, take a virtual seat behind the wheel, and go for a drive in a hydrogen fuel cell powered truck prior to its delivery to a local customer in Europe.

What:

Hyzon Motors «Hydrogen Now» event with Virtual Ride Along in a Hydrogen Fuel Cell Powered Truck

When: 

Wednesday, March 17, 2021, 9:00 a.m. to 9:20 a.m. US Eastern Standard Time

Where: 

The livestream can be accessed at: www.hyzonmotors.com/virtualdrive0321

Who: 

Hyzon executives will provide brief remarks ahead of the «Hydrogen Now» event and will be available to press for Q&A following the event. Media may request a virtual press pass from Hyzon’s US media contact.

Hyzon’s European operations were formed through a joint venture between Hyzon Motors and Holthausen Clean Technology B.V. to produce high quality, locally built, zero-emission commercial vehicles.

The Groningen facility is already assembling hydrogen fuel cell powered heavy vehicles, and Hyzon is taking orders for deliveries of Hyzon-branded commercial vehicles worldwide. In fact, Hyzon and Hiringa Energy (New Zealand) recently announced that the two companies had signed a vehicle supply agreement. Hyzon is targeting the delivery of 1,500 fuel cell powered heavy trucks by 2026 as part of the agreement with Hiringa. As binding orders for those trucks are placed, Hyzon anticipates fulfilling them from the Groningen facility, with first shipments planned for the second half of 2021.

About Hyzon Motors Inc.
Headquartered in Rochester, NY and with operations in Europe, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility. Hyzon is led by co-founders George Gu, Craig Knight and Gary Robb and is a pure-play hydrogen mobility company with an exclusive focus on hydrogen in the commercial vehicle market. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to produce zero-emission heavy duty trucks and buses for customers in North America, Europe, and across the world. The company is contributing to the escalating adoption of hydrogen vehicles through its demonstrated technology advantage, leading fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com

Forward-Looking Statements
This press release includes «forward-looking statements» within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act. All statements, other than statements of present or historical fact included in this press release, including those regarding Decarbonization Plus Acquisition Corporation’s («DCRB») proposed acquisition of the Company and DCRB’s ability to consummate the transaction, are forward-looking statements. When used in this press release, the words «could,» «should,» «will,» «may,» «believe,» «anticipate,» «intend,» «estimate,» «expect,» «project,» the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, DCRB and the Company disclaim any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. DCRB and the Company caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either DCRB or the Company, including risks and uncertainties described in the «Risk Factors» section of Exhibit 99.3 of DCRB’s Current Report on Form 8-K filed with the SEC on February 9, 2021 and other documents filed by DCRB from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Hyzon gives no assurance that Hyzon will achieve its expectations.

Hyzon Motors Contacts

For US, Europe and Asia Media:
Brian Brooks
H+K Strategies
713.858.8842
brian.brooks@hkstrategies.com

For Australian Media:
Fraser Beattie
Cannings Purple
fbeattie@canningspurple.com.au

For Investors:
Caldwell Bailey
ICR, Inc.
HyzonMotorsIR@icrinc.com

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SOURCE HYZON Motors

Women Grow and Drug Policy Alliance Partner for New York State Women in Cannabis Lobby Day

ALBANY, N.Y., March 8, 2021 /PRNewswire-PRWeb/ — On Monday, March 8th, International Women’s Day, Drug Policy Alliance and Women Grow partner to bring women advocates and business leaders across all sectors of the cannabis landscape together in New York, joining virtually to bring attention to the need for more women and people of color to have opportunities to participate in a legal cannabis market. Leaders of over 20 organizations will…

ALBANY, N.Y., March 8, 2021 /PRNewswire-PRWeb/ — On Monday, March 8th, International Women’s Day, Drug Policy Alliance and Women Grow partner to bring women advocates and business leaders across all sectors of the cannabis landscape together in New York, joining virtually to bring attention to the need for more women and people of color to have opportunities to participate in a legal cannabis market. Leaders of over 20 organizations will demand legislators pass comprehensive cannabis legalization that includes provisions of accessible entry points into the lucrative market. Women are urging the prioritization of a social equity licensing system, small business loans, and an incubator program along with community reinvestment.

Even though women aren’t together in Albany for the Women in Cannabis Lobby Day, just as women have persisted in the fight for justice throughout our history, advocates will continue to bring attention to the urgent need for legalization. Advocates are ensuring their voices are heard by the Governor and Legislature through a social media mobilization blitz and daylong live-streamed programming.

Women of color who have been disproportionately impacted by cannabis criminalization and advocates will also speak to how New York must end prohibition once and for all while addressing the harmful impacts on women in child welfare, housing, employment, and immigration.

Women and Minority-Owned Businesses (MWBE) have historically been locked out of and overlooked in other industries, and not sought out by venture capital firms. To create an equitable industry, any legislation must explicitly outline pathways for women, especially women of color, to participate in the burgeoning legal market. Participants will also highlight the risks if lawmakers are not intentional in creating a regulated cannabis industry that doesn’t include women, as some other states have failed to do.

Women entrepreneurs and advocates call for the legalization of cannabis to include equity programs and provisions aimed at supporting women and minority-led businesses (MWBE) and repairing harms of criminalization that impacted women.

Featuring messages from elected officials, advocacy mobilization, and daylong programming. Panels discussions on:
● Why Should New York pass the Marijuana Regulation and Taxation Act
● How Adult-Use Legalization Affects Women
● What Expanded Medical Marijuana Means in an Adult-Use Market

Senator Liz Krueger, sponsor of the Marijuana Regulation and Taxation Act (MRTA)
Assembly Majority Leader Crystal Peoples-Stokes, sponsor of the Marijuana Regulation and Taxation Act (MRTA)
Assemblymember Latrice Walker
Assemblymember Harvey Epstein
Assemblymember Jessica Gonzalez Rojas
Assemblymember Richard Gottfried
Assemblymember Nathalia Fernandez
Assemblymember Inez E. Dickens
Senator Jeremy Cooney

Melissa Moore, Drug Policy Alliance
Gia Morón, Women Grow
Tanya Osborne, Women Grow | The CannaDiva
Saki Fenderson, TLBK
Cristina Buccola, Attorney
Pilar DeJesus, All that Jive NYC
Patricia Wright, Women of Color in Cannabis (WOCC)
Kimber Arezzi, Patient Advocate
Charlotte Hanna, Rebelle
Mary Kruger, Rochester NORML
Hillary Peckham, Etain
Colleen Mairead, The HEART Program
Ngiste Abebe Colombia Care
Dr. June Chin, MedLeafRX
Sharron Cannon, Curaleaf

Media Contact

Women Grow PR, Women Grow LLC, +1 3476788079, pr@womengrow.com

 

SOURCE Women Grow LLC

New PureProtect 365 by RideKleen Delivers One-Year Odor Control Guarantee

ATLANTA, March 8, 2021 /PRNewswire/ — To reinforce its pledge to deliver long-term solutions to more sustainable vehicle hygiene, mobile vehicle care leader RideKleen introduces PureProtect 365, a new antimicrobial solution delivering guaranteed odor control for up to one year1. PureProtect 365 by RideKleen features an XMicrobe™ solution from Xzilon® that offers a lasting biostatic layer that punctures the thin lipid exterior of odor causing germs, viruses and…

ATLANTA, March 8, 2021 /PRNewswire/ — To reinforce its pledge to deliver long-term solutions to more sustainable vehicle hygiene, mobile vehicle care leader RideKleen introduces PureProtect 365, a new antimicrobial solution delivering guaranteed odor control for up to one year1. PureProtect 365 by RideKleen features an XMicrobe™ solution from Xzilon® that offers a lasting biostatic layer that punctures the thin lipid exterior of odor causing germs, viruses and bacteria, neutralizing threats that land on treated surfaces. The PureProtect 365 product also protects against stains from spills, grease, dye transfer and UV fading, and leaves the surface easier to clean.

The purchase of PureProtect 365 by RideKleen includes a one-year warranty where if odor is noticed inside of the vehicle within one year of application, a warranty claim can be made, and reapplication will be conducted by Xzilon’s expansive mobile network which can reach anywhere in the U.S.

Vehicle odor is one of the first signs of germs being present. These odors can often linger by becoming trapped in the vehicle, especially in upholstery carpet, fabric interiors and air conditioning systems. This is reason enough for 63% of rental customers and 59% of rideshare users to request a new vehicle, creating more work for operators and negatively impacting the customer experience2.

«RideKleen’s charge to rethink clean extends beyond the current pandemic,» said Pratik Patel, president of RideKleen. «With a focus on the customer experience, we’re equipping vehicle owners, fleet operators and other mobility service providers with the now-essential sanitization and disinfection solutions to drive consumer confidence and overall vehicle safety.»                                        

A Worthwhile Investment in Vehicle Protection
According to the Cox Automotive 2020 Cox Automotive COVID-19 Consumer Impact Study, nearly half of vehicle shoppers (47%) are willing to pay for extended sanitization services. This could mean more revenue for automotive dealers, as well as car wash operators offering this enhanced level of service. Moreover, with the on-demand economy showing no signs of slowing, fleet owners and operators are also in a good position to reap the benefits from PureProtect 365 by RideKleen. In the same survey, these numbers increased substantially with gig drivers – 81% of ride-share drivers and 75% of food delivery drivers – willing to pay for long-term vehicle protection.

Protection Proven to Last
In May 2020, RideKleen introduced PureProtect, an eco-conscious hospital grade cleaner and disinfectant from Caring Brands that sanitizes and disinfects the entire vehicle, including the interior cabin, A/C ventilation system, trunk and cargo areas. The EPA-registered and approved antimicrobial cleaner that is food safe and made in the United States is approved for use on hard and soft surfaces and kills up to 99.9% of germs, bacteria, mold, mildew and emerging viruses. Moreover, unlike most solutions offering temporary protection, PureProtect by RideKleen provides an ongoing residual effect to inhibit the growth of harmful mold and mildew for up to four weeks post-treatment – keeping vehicles protected for an extended period of time.

For more details on RideKleen’s PureProtect lineup of hospital grade sanitization and disinfection solutions, including new PureProtect 365, please visit www.ridekleen.com/products. Products can also be purchased using the QR codes below.

About RideKleen
RideKleen, a Cox Automotive brand within the company’s Mobility Group, is the national leader in eco-conscious mobile car care and fleet maintenance services. Serving key metro markets across the U.S., RideKleen delivers operational excellence to reduce time out of service and increase the utilization of fleets and shared fleets. Learn more about RideKleen at www.ridekleen.com

About Cox Automotive
Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billionwww.coxautoinc.com 

1 Xzilon, Inc. hereby guarantees the applied XMicrobe™ product will help prevent damage to the treated interior surfaces caused by permanent stains, UV exposure and temperature extremes; and will help prevent damage to the treated interior seating surfaces. XMicrobe™ will also help prevent odors caused by bacteria, microbes, mold, mildew, fungi and algae on the treated interior surfaces or a/c vents with XMicrobe™. Should the treated interior surfaces become damaged by stains, UV exposure or temperature extremes, Xzilon, Inc. will repair such condition completely free of charge, subject to the «WHAT THIS LIMITED WARRANTY DOES NOT COVER» section in this Limited Warranty. Should the treated interior seating surface become damaged by a rip, puncture or burn, Xzilon, Inc. will repair and/or replace the damaged area completely free of charge, subject to the «WHAT THIS LIMITED WARRANTY DOES NOT COVER» section in this Limited Warranty. Xzilon, Inc. reserves the right to attempt repair of any covered damage using professional reconditioning prior to the replacement with either an upholstery insert or replacement seating component. Should the treated interior surfaces or a/c vents with XMicrobe™ have odors caused by bacteria, microbes, mold, mildew, fungi and algae, Xzilon, Inc. will remedy such condition completely free of charge, subject to the «WHAT THIS LIMITED WARRANTY DOES NOT COVER» section in this Limited Warranty.

2 Cox Automotive Consumer Odor Poll (October 2020)

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SOURCE RideKleen

Canadian Solar Completes 61 MWp Solar Portfolio Sale in Japan and Deepens Partnership with Canadian Solar Infrastructure Fund

GUELPH, ON, March 8, 2021 /PRNewswire/ — Canadian Solar Inc. (the «Company», or «Canadian Solar») (NASDAQ: CSIQ) announced today that it has completed the sale of two operational projects totaling 61 MWp to Canadian Solar Infrastructure Fund («CSIF», TSE: 9284) for JPY 30.6 billion (approximately US$283 million).

To finance the acquisition of the 53 MWp Oita…

GUELPH, ON, March 8, 2021 /PRNewswire/ — Canadian Solar Inc. (the «Company», or «Canadian Solar») (NASDAQ: CSIQ) announced today that it has completed the sale of two operational projects totaling 61 MWp to Canadian Solar Infrastructure Fund («CSIF», TSE: 9284) for JPY 30.6 billion (approximately US$283 million).

To finance the acquisition of the 53 MWp Oita Hiji-machi and 8 MWp Miyagi Ogawara projects, CSIF recently completed an international public offering and raised over JPY 18 billion (US$166 million) on the Tokyo Stock Exchange. Canadian Solar participated in this transaction and continues to own approximately 15% of CSIF. Additionally, CSIF issued over JPY 19 billion (US$175 million) of long-term debt to maintain its capital structure. These transactions affirmed CSIF as one of the largest listed infrastructure funds in Japan with over JPY 80 billion (US$740 million) of operational solar assets under management.

«I am pleased to report that we have surpassed $1 billion of asset sales in the Japanese solar market, helped by significant growth in the Canadian Solar Infrastructure Fund which Canadian Solar continues to sponsor both as the asset manager and the largest investor. Since CSIF’s listing in October 2017, it has grown over 2.5 times and now owns 25 solar power plants totaling 184 MWp across Japan. A few weeks ago, we also launched the Japan Green Infrastructure Fund to accelerate the development of new solar projects in the country. We are very excited about the growth opportunities in this market,» commented Dr. Shawn Qu, Chairman and CEO of Canadian Solar.

He added, «The greater scale and expanded capital base will help our solar fund platforms to pursue attractive investment opportunities. We see significant prospects to increase shareholders’ returns with similar capital partnership platforms where we have secured gigawatt-scale pipelines, particularly in Latin America and Europe

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 49 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the «Safe Harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as «believes,» «expects,» «anticipates,» «intends,» «estimates,» the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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SOURCE Canadian Solar Inc.

ENGIE Lab CRIGEN and Ansys Accelerate Zero Carbon Energy

PITTSBURGH, March 8, 2021 /PRNewswire/ — 

/ Key Highlights

  • Ansys’ digital twin…

PITTSBURGH, March 8, 2021 /PRNewswire/ — 

/ Key Highlights

  • Ansys’ digital twin solution is enabling ENGIE Lab CRIGEN to develop a simulation-based digital twin of an industrial asset to help companies cut costs, time and environmental impact
  • Ansys solutions power improved product performance during operation through predictive analytics that aid asset management decisions

ENGIE, one of the world’s leading suppliers of energy efficiency services, is helping companies transition to carbon-free energy by employing Ansys (NASDAQ: ANSS) simulation solutions. With Ansys’ physics-based digital twin technology, ENGIE Lab CRIGEN is developing an ultra-fast and high-fidelity platform to deliver the quality of 3D CFD results in real-time – reducing companies’ costs, environmental impact and time to market. 

When industrial equipment is inaccessible to physical sensors due to extreme conditions or cost, it becomes harder to predict maintenance requirements and identify efficiency improvements. These improvements are becoming more critical as companies are under increased pressure to conserve energy, reduce greenhouse gas emissions and lessen their environmental footprint. Through its collaboration with Ansys, ENGIE Lab CRIGEN – the ENGIE Group’s corporate center for R&D and high-level expertise –  is developing an ultra-fast and high-fidelity simulation-based digital twin to maximize the efficiency and sustainability of industrial equipment to boost product reliability and evaluate new concepts in energy production.

Ansys® Twin Builder™ creates simulated replicas of in-service physical assets and presents relevant, high-fidelity information in real-time. These digital twins strengthen ENGIE Lab CRIGEN’s zero-carbon strategic initiative, enabling engineers to control industrial processes, anticipate carbon reduction challenges and lower maintenance costs.

«ENGIE Lab CRIGEN is committed to meeting ambitious environmental goals as we help organizations transition to zero-carbon energy,» said Guy-Alexandre Grandin, R&D project manager, ENGIE Lab CRIGEN. «Transforming existing technologies and innovating new solutions to meet this challenge is a time-consuming and cost-prohibitive process, and our platform needs an extremely high level of coupling between the real and the virtual world. With Ansys solutions, we can improve product performance during operation and provide insight into predictive analytics and asset performance management decisions, regardless of the environment.»

«Ansys digital twins empower manufacturing companies to transform their businesses through cost savings, new revenue streams and process optimization,» said Prith Banerjee, chief technology officer, Ansys. «Our combination of multiphysics and analytics models supports ENGIE Lab CRIGEN as it tackles the challenge of sustainability across corporations and governments and shapes the future of zero-carbon energy.»

/ About ENGIE Lab CRIGEN 

ENGIE Lab CRIGEN – part of the ENGIE Labs network – is the ENGIE Group’s corporate center for R&D and high-level expertise devoted to green gases and new energy resources (hydrogen, biogas and liquefied gases), new energy uses (for towns, cities, buildings and industries) and emerging technologies (simulation, digital twin, immersive and collaborative solutions, computer sciences and AI, drones and robots, nanotechnologies and sensors). 

ENGIE Lab CRIGEN conducts operational R&D projects and develops pilots on behalf of the New Corp, Métiers and Key Programs, Business Units (BUs) and external customers, with the goal of mastering tomorrow’s technologies, bringing them to maturity, and preparing the energy transition. Its activities are also strongly focused on the implementation of innovative offers and solutions for improving the BUs’ operational performance and building new revenue streams. 

/ About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

/ Contacts  

Media      

Mary Kate Joyce

724.820.4368

marykate.joyce@ansys.com

Investors

Annette N. Arribas, IRC

724.820.3700

annette.arribas@ansys.com

 

ANSS–C

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SOURCE Ansys

The She-Cession: Women Disappearing From the Workforce

WASHINGTON, March 8, 2021 /PRNewswire/ — Generation USA, a global workforce development nonprofit, today announced its social campaign celebrating the eight diverse women in its C-suite,…

WASHINGTON, March 8, 2021 /PRNewswire/ — Generation USA, a global workforce development nonprofit, today announced its social campaign celebrating the eight diverse women in its C-suite, working to further opportunities for women, particularly women of color, through the organization’s reskilling programs and career and additional support offered at no cost; the mission of Generation is even more critical as the recession has decimated jobs in sectors dominated by female workers of color and the organization credits its own diversity for the success of their efforts and in turn, the impact for students and alumni reentering the workforce.

«It was important for me to join an organization that intentionally values equity, diversity, and inclusion in its growth plan,» said Morgan Watson, Chief of Staff. «We want to set an example for our students, our alumni, and our partners that building a diverse organization — most importantly at the executive and leadership level — is crucial for success in the 21st century.»

According to the National Women’s Law Center, women have lost 5.4 million jobs since the pandemic began and women participating in the labor force is at its lowest since 1988. Black women and Latinas had higher rates of unemployment before the pandemic; in February 2020, 2.8 percent of white women were unemployed, compared with nearly 5 percent of Latinas and Black women. In December, those rates nearly doubled, with Black women being twice as likely to be the breadwinner of their families compared to white women.

«More than 50% of our participants are women and nearly a third have dependents,» said Sienna Daniel, Chief Growth and Impact Officer. «Our programs are geared to help get women into a sector where traditionally, they’ve been left behind.»

Generation’s reskilling programs prioritize women and underserved communities for admission into its reskilling programs, now all available online. The nonprofit celebrated its largest online graduation last month, with over 10 percent of students securing jobs before the ceremony. Generation supports students after graduation as well, creating a community that helps women of color lead sustainable career paths. 

«At Generation USA, we’re a diverse staff of more than 90 individuals, over 74% who identify as women,» said Jeannie Guzman, Chief People Officer. «More than 75% of our leadership team identifies as women, too. We believe this is key for our organization — to represent the same diverse backgrounds of the students we seek to serve.»

As Generation works to transform the education to employment ecosystem, the nonprofit along with its partner Verizon, have committed to reskilling 500,000 individuals by 2030, focused on elevating women and marginalized communities in the workforce.

For more information about Generation USA, admissions, or how your company or college can get involved visit: usa.generation.org.

About Generation

Generation is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment. Even before the pandemic, more than 75 million young adults were out of work globally, and three times as many were underemployed—and 375 million workers of all ages needed to learn new skills by 2030. At the same time, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. To date, more than 40,000 people have graduated from Generation programs, which prepare them for meaningful careers in 14 countries. Generation works with more than 3,900 employer partners and many implementation partners and funders. For more, visit usa.generation.org.

Media Contact

Amy Kauffman
amy@newswire.com

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SOURCE Generation USA

Chemours Announces Project to Reduce HFC-23 Emissions

WILMINGTON, Del., March 8, 2021 /PRNewswire/ — The Chemours Company (NYSE: CC), a global chemistry company with leading positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, announced the implementation of an improvement project to significantly reduce emissions of HFC-23 at its Louisville, Kentucky manufacturing site.

The project includes the design, custom-build and installation of…

WILMINGTON, Del., March 8, 2021 /PRNewswire/ — The Chemours Company (NYSE: CC), a global chemistry company with leading positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, announced the implementation of an improvement project to significantly reduce emissions of HFC-23 at its Louisville, Kentucky manufacturing site.

The project includes the design, custom-build and installation of proprietary technology to capture at least 99% of HFC-23 process emissions from the site. HFC-23 is a unique hydrofluorocarbon that is commercialized for critical low-volume applications such as ultra-low temperature refrigerants for vaccines, medical utilization, and semiconductor manufacturing. If emitted, HFC-23 does not remain at ground level and instead, rises-up into the atmosphere as a greenhouse gas with high global warming potential (GWP).

«Chemours operates with an imperative to be a responsible manufacturer, that includes our commitment to safe operations and continuous efforts to reduce our environmental footprint,» said Sheryl Telford, Chief Sustainability Officer. «This project is another important step on our journey to ensure we deliver essential products that address growing societal needs while manufacturing them responsibly.» 

According to Tim Byrd, Vice President, Operations, Advanced Performance Materials, Chemours’ Louisville manufacturing site has been on a journey of continual improvement. «Our Louisville site currently captures a majority of HFC-23 process emissions. We’ve also implemented other process improvements to reduce the amount of HFC-23 that gets created. It’s taken us  some time to get here, but we are pleased to have initiated this next piece of our emission control plan that will allow us to capture at least 99% of HFC-23 process emissions and move us closer to meeting our overall goal of a 99% or greater reduction in fluorinated emissions,» Byrd said.  He noted that the company has explored various options for HFC emissions control over the past few years in order to decide on a final solution that is both efficient and highly effective. The custom manufacturing and installation of the multiple components needed for the proprietary system are expected to be completed by the end of 2022.

In 2018, Chemours announced 10 ambitious Corporate Responsibility Commitment goals including at least a 99% reduction in fluorinated emissions, a 60% reduction in greenhouse gas intensity and longer-term carbon goals. The company is a proponent of the Paris Climate Agreement, the Kigali Amendment to the Montreal Protocol and the recently passed bipartisan American Innovation and Manufacturing (AIM) Act that will begin the national phase-down of HFCs. Chemours has also invested in a more sustainable product offering including Opteon™ low GWP refrigerants and Nafion™ ion exchange membranes that enable green hydrogen gas production and low emitting vehicles.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining and oil and gas.  Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named to Newsweek’s list of America’s Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.  

Forward-Looking Statements 
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words «believe,» «expect,» «will,» «anticipate,» «plan,» «estimate,» «target,» «project» and similar expressions, among others, generally identify «forward-looking statements,» which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours’ control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is unknown and to date has included extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased predictions of a global recession. The public and private sector response has led to significant restrictions on travel, temporary business closures, quarantines, stock market volatility, and a general reduction in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to limit travel of employees to our business units domestically and internationally, adversely affect the health and welfare of our personnel, significantly reduce the demand for our products, hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2020. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

The Chemours Company (Chemours) is a global leader in titanium technologies, fluoroproducts and chemical solutions. (PRNewsfoto/The Chemours Company)

CONTACT:

NEWS MEDIA 
Thomas Sueta
Director, Corporate Communications
+1.302.773.3903
media@chemours.com  

INVESTORS 
Jonathan Lock 
VP, Corporate Development and Investor Relations 
+1.302.773.2263 
investor@chemours.com 

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SOURCE The Chemours Company

JinkoSolar Laboratory Obtained Satisfactory Results in the National Assessment of PV Modules Testing Accuracy

SHANGRAO, China, March 8, 2021 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the «Company» or «JinkoSolar») (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that JinkoSolar’s R&D Center module laboratory obtained satisfactory results in the latest national assessment of PV Modules Testing Accuracy. Organized by the National Institute of Metrology, China («NIM») and China Building Material Test &…

SHANGRAO, China, March 8, 2021 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the «Company» or «JinkoSolar») (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that JinkoSolar’s R&D Center module laboratory obtained satisfactory results in the latest national assessment of PV Modules Testing Accuracy. Organized by the National Institute of Metrology, China («NIM») and China Building Material Test & Certification Group («CTC») – results of the «Monofacial/ Bifacial PV Module’s Electrical Parameter Testing Capability Verification» were recently announced.

Located in Shangrao, Jiangxi Province and Haining, Zhejiang Province, JinkoSolar’s R&D Center module laboratory participated in all test categories and reported that test results reached industry-leading requirements for performance testing. All the proficiency tests obtained «satisfactory» final results, and JinkoSolar was awarded the «Qualified Laboratory Certificate» and «Proficiency Test Results Satisfaction Certificate» issued by the organizers, the National Institute of Metrology, China and China Building Material Test & Certification Group. Since its establishment in 2012, JinkoSolar’s R&D testing center has continuously improved the level of laboratory measurements, and has successively obtained quality certificates from CNAS, TÜV Rheinland Witness Laboratory, UL Witness Laboratory, TÜV North Germany CB Laboratory, Tianxiang Satellite Laboratory, Dekra Witness Laboratory, CGC Laboratory and other qualifications. In the future, the Company will continue to strengthen technical exchanges with authoritative institutions such as NIM and CTC, to jointly promote the high-quality development of the PV industry.

Dr. Jin Hao, CTO of JinkoSolar, commented: «JinkoSolar’s Shangrao and Haining laboratories have obtained «satisfactory» results in the accuracy of PV module testing, which once again reflects the industry’s recognition of our world-class product quality management and technology. As a leading global PV manufacturer, JinkoSolar will continue to promote technological innovation in the PV industry by leading the way in iterative research and development on our suite of highly efficient and reliable products, which we believe will bring greater value to our global customers.»

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of September 30, 2020.

JinkoSolar has 9 productions facilities globally, 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2020.

To find out more, please see: www.jinkosolar.com.

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute «forward-looking» statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as «will,» «expects,» «anticipates,» «future,» «intends, «plans,» «believes,» «estimates» and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

Kia Motors America teases refreshed 2022 Stinger

IRVINE, Calif., March 8, 2021 /PRNewswire-HISPANIC PR WIRE/ — In 2017, the Stinger redefined the Kia brand and took on some of the best sport sedans in the world – and won. For 2022, the Stinger has evolved into something even greater. With more power, more technology and a refined design, the Stinger is poised to push the envelope yet again. Complete press materials will post to Kiamedia.com at 1 PM Eastern, March 16.

<div…

IRVINE, Calif., March 8, 2021 /PRNewswire-HISPANIC PR WIRE/ — In 2017, the Stinger redefined the Kia brand and took on some of the best sport sedans in the world – and won. For 2022, the Stinger has evolved into something even greater. With more power, more technology and a refined design, the Stinger is poised to push the envelope yet again. Complete press materials will post to Kiamedia.com at 1 PM Eastern, March 16.

Kia Motors America teases refreshed 2022 Stinger

Kia Motors America – about us
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the «Official Automotive Partner» of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

# # #

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SOURCE Kia Motors America