GAUSSIN China to develop new partnerships to
be a key player of the Green Mobility ecosystem in the
country
GAUSSIN (EURONEXT GROWTH ALGAU - FR0013495298), a pioneer in
the clean and intelligent transport of goods and people,
announces the creation of a subsidiary in China with
headquarters in Shanghai. William Lee, President of GAUSSIN
Asia-Pacific, will be the General Manager of the new entity and
Christophe Gaussin, CEO of GAUSSIN, will serve as the legal
representative. The subsidiary will be responsible for developing
license partnerships in order to deploy GAUSSIN’s line of electric
and hydrogen vehicles in the world’s biggest truck market.
“We have been establishing our footprint in Asia-Pacific since
2018 starting with our licensed partner, ST Engineering, in
Singapore, and then in 2021 with the addition of another licensed
partner, Nexport, in Sydney, Australia. As China is the biggest
truck market in the world, our ambition is to become a key player
in the green mobility ecosystem there. We are working aggressively
to identify license partners in the country to bring our
established products and technologies to the fast-growing premium
heavy duty truck and bus segment,” said Christophe Gaussin, CEO
of GAUSSIN.
William Lee, President of GAUSSIN Asia-Pacific and General
Manager of GAUSSIN China, said:
“China has committed to achieving carbon neutrality before 2060
during COP26 in Glasgow. We believe with our full range of off-road
and on-road zero-emission, smart and connected vehicles for freight
transportation and people mobility, we will be able to contribute
towards this climate goal in China. Our strategy is to design the
right specification trucks for China, source key components in
China and manufacture in China. With the establishment of GAUSSIN
China in Shanghai and together with our partners, we are confident
that we will become one of the key players in transforming land
transportation towards carbon-free mobility.”
A promising market for GAUSSIN, with ambitious environmental
objectives
With annual heavy duty truck sales of about 1.5 million, the
country is the biggest truck market in the world. It also has
ambitious environmental objectives, in line with GAUSSIN’s mission
to decarbonize transport and logistics. Indeed, China’s 14th
Five-Year-Plan includes energy and carbon intensity reduction
targets by 2025, while China’s COP26 commitment is to achieve
carbon neutrality before 2060. GAUSSIN China is set up in Shanghai
FTZ Lingang New Area, Yangshan Special Comprehensive Bonded
Zone.
This new entity also demonstrates GAUSSIN’s global ambition, as
the Group is already deeply involved in other regions of the world.
GAUSSIN participated in January in the Dakar Rally in Saudi Arabia
with the world’s first hydrogen fuel-cell-powered race truck. In
2021, it also won the Dubai World Challenge, an autonomous vehicle
competition, in consortium with Neolix China.
William Lee, an expert of the APAC region to lead deployment
in China
GAUSSIN China will be led by Mr. Lee, who given his current
position as President of GAUSSIN Asia-Pacific, is a perfect fit for
the development of GAUSSIN in China as General Manager. The
subsidiary will be supervised by Damien Personeni, Executive Vice
President, Global Business Development & CEO Asia of DELFINGEN,
a global leader in protection and routing solutions for electric
and fluid on-board networks.
A graduate of the University of Texas and with an MBA from
Golden Gate University in San Francisco, Mr. Lee, a Singaporean
national, has proven skills in business development and marketing,
as well as quality management and engineering. Before joining
GAUSSIN, he served as Senior Vice President, Robotics and
Autonomous Systems at Singapore Technologies Engineering Land
System, a leading provider of integrated mobility systems and
security solutions to the defense, homeland security and commercial
markets. In this position, he was responsible for the Logistics
Automation business. Previously, he served as Senior Vice President
and President & CEO of the Asia-Pacific region at MAN Truck
& Bus AG, a subsidiary of the German machine and commercial
vehicle manufacturer MAN.
Upcoming events
:
HyET Hydrogen Summit – Riyadh, Saudi Arabia:
February 27th
2021 financial results: April 26th
About GAUSSIN
GAUSSIN is an engineering company that designs, assembles and
sells innovative products and services in the transport and
logistics field. Its know-how encompasses cargo and passenger
transport, autonomous technologies allowing for self-driving
solutions such as Automotive Guided Vehicles, and the integration
of all types of batteries, electric and hydrogen fuel cells in
particular. With more than 50,000 vehicles worldwide, GAUSSIN
enjoys a strong reputation in four fast-expanding markets: port
terminals, airports, logistics and people mobility. The group has
developed strategic partnerships with major global players in order
to accelerate its commercial penetration: Siemens Postal, Parcel
& Airport Logistics in the airport field, Bolloré Ports and ST
Engineering in ports and Bluebus for people mobility. GAUSSIN has
broadened its business model with the signing of license agreements
accelerating the diffusion of its technology throughout the world.
The acquisition of METALLIANCE confirms the emergence of an
international group present in all segments of intelligent and
clean vehicles.
In October 2021, GAUSSIN won the Dubai World Challenge for
Self-Driving Transport.
In January 2022, GAUSSIN successfully completed the 2022 Dakar
Rally with its H2 Racing Truck, the first hydrogen-powered vehicle
to enter the race and generate zero CO2 emissions.
GAUSSIN has been listed on Euronext Growth in Paris since
2010.
More information on www.gaussin.com.
For more information on GAUSSIN, go to
www.gaussin.com
* This document may contain forward-looking information. Such
forward-looking information refers to future prospects,
developments and strategies of GAUSSIN and is based on an analysis
of expected future results and estimates of amounts that are not
yet determinable to date. Forward-looking information naturally
contains elements of risk and uncertainty relative to events and
therefore dependent on circumstances which may or may not occur in
the future. GAUSSIN draws your attention to the fact that
forward-looking information provides no guarantee concerning its
future performance or financial situation, financial results or
trends in the sector in which GAUSSIN operates, and which may
significantly differ from those proposed or suggested in the
forward-looking statements contained in this presentation.
Furthermore, even though the financial position of GAUSSIN, its
performance and trends in the sector in which GAUSSIN operates
comply with the forward-looking information contained in this
presentation, such performance or trends may not be a reliable
indication of the company’s future performance or prospects.
GAUSSIN is not committed to updating or confirming analysts’
expectations or estimates or to publicly correcting any information
or event in order to reflect an event or circumstance eventually
occurring following this presentation.
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version on businesswire.com: https://www.businesswire.com/news/home/20220222006133/en/
GAUSSIN Christophe Gaussin, invest@gaussin.com
+33(0)3.84.46.13.45
Ulysse Communication Nicolas Daniels,
ndaniels@ulysse-communication.com +33(0)6.63.66.59.22
Charles Courbet, ccourbet@ulysse-communication.com
+33(0)6.28.93.03.06
LHA Investor Relations – USA Jody Burfening,
jburfening@lhai.com (212) 838-3777
RooneyPartners - USA Jeanene Timberlake,
jtimberlake@rooneypartners.com (646) 770-8858
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