Latest news with #NACS
The Sun
2 hours ago
- Business
- The Sun
Govt Procurement Bill to bolster anti-graft measures
PUTRAJAYA: The Government Procurement Bill, scheduled to be tabled in Parliament this year, is expected to strengthen punitive legal action against parties found guilty of offences related to government procurement. The bill also aims to establish a specific legal framework to regulate the government procurement process, in addition to detailing the powers of stakeholders and enhancing check-and-balance mechanisms to ensure good governance in line with international best practices. The proposal and draft structure of the bill were presented by the Government Procurement Division of the Ministry of Finance, led by its secretary Datuk Norison Ramli, during an engagement session with Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki at the MACC headquarters here today. Norison said the MOF welcomes views and suggestions from the MACC, particularly on enforcement and the application of existing laws under the commission's jurisdiction. Azam expressed his support for the key points of the proposed bill, which he said align with the ongoing National Anti-Corruption Strategy (NACS). 'NACS is the best platform for the MACC to address weaknesses in the government procurement system, and we fully support this initiative,' he said.
The Sun
2 hours ago
- Business
- The Sun
Govt Procurement Bill to strengthen enforcement
PUTRAJAYA: The Government Procurement Bill, scheduled to be tabled in Parliament this year, is expected to strengthen punitive legal action against parties found guilty of offences related to government procurement. The bill also aims to establish a specific legal framework to regulate the government procurement process, in addition to detailing the powers of stakeholders and enhancing check-and-balance mechanisms to ensure good governance in line with international best practices. The proposal and draft structure of the bill were presented by the Government Procurement Division of the Ministry of Finance, led by its secretary Datuk Norison Ramli, during an engagement session with Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki at the MACC headquarters here today. Norison said the MOF welcomes views and suggestions from the MACC, particularly on enforcement and the application of existing laws under the commission's jurisdiction. Azam expressed his support for the key points of the proposed bill, which he said align with the ongoing National Anti-Corruption Strategy (NACS). 'NACS is the best platform for the MACC to address weaknesses in the government procurement system, and we fully support this initiative,' he said.
Los Angeles Times
20 hours ago
- Automotive
- Los Angeles Times
Verge Motorcycles' U.S. Rollout Includes Century City Location
European technology company Verge Motorcycles' first U.S. store opened at Westfield Century City Shopping Center on June 1. Verge's second store opened at Westfield Valley Fair Mall in San Jose on June 6. Verge Motorcycles' international retail strategy is being driven by retail technology visionary George Blankenship, who was instrumental in developing Apple and Tesla's highly successful, ground-breaking showrooms. 'I see the same potential in Verge as I did at Apple two decades ago and Tesla one decade ago when those companies set out to completely redefine their industries,' said Blankenship, who now serves as Verge's chief revenue officer. 'I want Verge to be positioned wherever lots of people are spending time on a regular basis finding new things they might be surprised to see. Westfield Century City is one of the best shopping centers in the world, making it a perfect place for us to start our store operations in the United States.' Verge Motorcycles sees the West Coast as having all the right conditions to successfully launch its U.S. business. Motorcycling is popular in the region, and California also has the most extensive electric vehicle charging network in the country. In June of last year, Verge confirmed its plan to utilize Tesla's NACS charging connector, which means all bikes from day one will be able to utilize the expansive Tesla Supercharger network. 'The United States is already seen as one of our most important markets,' said Pekka Parnanen, chief operating officer of Verge USA. 'Many of the pre-orders for our bikes have come from the western region of the U.S. and California consumers, in particular, are widely known for appreciating and adopting new innovations. Our new stores in Los Angeles and San Jose will begin the rollout of our Verge experience to as many American motorcycle enthusiasts as possible.' In November 2024, at the LA Auto Show, Verge launched its new Starmatter platform, which brings software updates, sensor technology, artificial intelligence and an advanced user interface to motorcycling for the first time. At CES in Las Vegas, Verge announced an update to its flagship model with Starmatter Vision features, including multiple cameras and high-resolution radar, making Verge TS Ultra the first motorcycle equipped with the sense of sight. Information sourced by Verge Motorcycles. To learn more, contact press@
Yahoo
2 days ago
- Automotive
- Yahoo
EV Charging Station Market worth $76.31 billion by 2032
DELRAY BEACH, Fla., June 18, 2025 /PRNewswire/ -- The global EV charging station market is projected to grow from USD 28.47 billion in 2025 to USD 76.31 billion by 2032 at a CAGR of 15.1%, according to a new report by MarketsandMarkets. EV charging infrastructure is rapidly expanding due to OEM-led investments by Tesla, Rivian, and Hyundai in proprietary networks. Public and private capital, including players like ChargePoint and BP Pulse, is accelerating fast-charging corridor and urban network deployment. Advancements in ultra-fast DC charging (150–350 kW) are aligning infrastructure with evolving EV capabilities. Urban planning and smart city policies are integrating chargers into buildings and transit hubs. Additionally, fleet electrification and battery swapping in Asia are diversifying and strengthening charging access. Collectively, these factors are propelling the development and expansion of EV charging infrastructure, enabling broader EV adoption, and contributing to the establishment of a sustainable and future-ready transportation ecosystem. Download an Illustrative overview: Browse in-depth TOC on "EV Charging Station Market" 300 - Tables120 - Figures390 - Pages Rapid adoption of NACS in the US is expected to accelerate demand for Tesla Superchargers. The growing adoption of the North American Charging Standard (NACS) across the US is expected to significantly boost demand for Tesla Superchargers. These chargers are engineered to support both AC and DC charging across diverse electrical systems, delivering up to 200 miles of range within approximately 15 minutes, positioning them among the most efficient charging solutions available. Tesla operates a global network of over 55,000 Supercharging points, with ongoing expansion initiatives. Notably, accessibility is being enhanced through pilot programs such as the one in the Netherlands, which allows non-Tesla vehicles to use the network. Tesla also offers incentives such as 400 kWh of complimentary supercharging annually to Model S and Model X owners and periodically adjusts pricing to support infrastructure growth. Urban deployment strategies are optimized for user convenience. While the majority of North American EVs currently rely on the SAE J1772 connector, Tesla's transition toward open standards such as NACS is aligning with a broader industry shift. Leading automakers, including General Motors, Ford, and Volkswagen, have entered strategic partnerships with Tesla to enable NACS compatibility across their EV lineups. In parallel, charging service providers are incorporating NACS connectors into their infrastructure, further reinforcing the standard's momentum and positioning Tesla's Supercharger network as a key enabler of the evolving EV ecosystem in North America. By level of charging, Level 3 is expected to become the largest, with the growing need for fast-charging solutions. Level 3 chargers support strong market potential due to several critical adoption drivers. Their ability to deliver rapid charging—providing up to 270 km of range in just 30 minutes or charging a battery to 80% in under 15 minutes—makes them essential for commercial applications such as taxis, ride-hailing services, and delivery fleets that require minimal downtime. They also enable long-distance EV travel, which broadens the appeal of electric vehicles beyond urban commuting. For users without reliable access to home charging, particularly in high-density urban areas, Level 3 chargers offer a practical solution. Despite their high cost (~USD 30,000 or above per charger), their deployment already accounts for around 52% of global chargers, reflecting growing infrastructure readiness and institutional investment. This combination of functional necessity, user convenience, and increasing installation base underpins the expanding market potential for Level 3 chargers. Europe is projected to be the second-largest market during the forecast period. Europe has implemented stringent emission regulation standards to reduce the rising emission levels. Several CPOs in the region are deploying their EV charging infrastructure in support of government policies. For instance, in April 2025, IONITY GmbH announced the installation of 500 new ultra-fast 350 kW chargers along major highways across Europe. This effort supports the EU's AFIR policy, which aims to make EV charging more accessible and standardized across all member states. This expansion makes long-distance travel by electric vehicle much easier and faster. It also helps create a consistent charging experience across borders, encouraging more people to switch to electric mobility. The demand for EV charging stations has increased significantly due to the focus on zero- or low-emission vehicles. Also, the region is home to leading EV charging station providers and charge point operators such as Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Efacec (Portugal), Shell (UK), Total Energies (France), Iberdrola (Spain), EVBox (Netherlands), Allego (UK), and Enel X (Italy), among others. Countries in the region have been working to develop their EV charging infrastructure. For instance, the UK announced plans to phase out petrol/diesel-based vehicles by 2035. Other European countries have implemented strategies for the transition to EVs during the past decade. For instance, in May 2025, the European Commission approved funding for 40 new "Green Highways" across Europe's main transport routes. These corridors will include both electric charging and hydrogen refueling stations, along with services for rest and logistics. By integrating different types of clean energy refueling, the EU is supporting both electric cars and trucks. These supercharger corridors are a big step toward making long-distance, zero-emission transport more practical across Europe Key Market EV Charging Station Industry: Prominent players in the EV Charging Station Companies include as ABB (Switzerland), BYD (China), ChargePoint (US), Tesla (US), and Siemens (Germany). Get 10% Free Customization on this Report: This report provides insights on: Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the EV charging station market Market Development: Comprehensive information about lucrative markets (the report analyzes the EV charging station market across varied regions) Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV charging station market Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like ABB (Switzerland), EVBox (Netherlands), BYD (China), ChargePoint (US), Tesla (US), and Charge Point Operators, including BP (UK), Shell (UK), ENGIE (France), Total Energies (France), and Enel X (Italy), among others in EV charging station market Related Reports: Electric Vehicle Market Wireless Charging Market Electric Powertrain Market Get access to the latest updates on EV Charging Station Companies and EV Charging Station Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. 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Engadget
3 days ago
- Automotive
- Engadget
Nissan unveils the third-generation Leaf EV
Nissan has unveiled its third-generation Leaf EV with a completely new design. The 2026 model sheds the last vestiges of its original compact car body and leans fully into crossover SUV territory. The new look offers some design features that are commonly seen in the all-electric vehicle marketplace, allowing it to compete against other models in its class. These include available dual 14.3-inch displays, flush door handles for better aerodynamics, and liquid-cooled lithium-ion batteries. The new Leaf is also the latest EV to adopt the NACS charging port after Tesla made it open-source in 2022. Since then, just about every major automaker from Ford to Mercedes has adopted the standard, with these brands getting access to Tesla's Supercharger network on a rolling basis. For added convenience, a J1772 port, the most common standard for Level 2 chargers, is included on the driver's-side fender. The Leaf's video announcement highlights bi-directional V2X technology that allows drivers to power their homes, send power to the grid, or provide power when camping, though details are sparse. In the same video, Nissan's head of global design, Alfonso Albaisa, explains the lengths the company went to in making the car as aerodynamic as possible in order to achieve the car's stated 300-mile range. The rear door handles, for instance, are built into the C-pillar, which could make for an awkward angle when trying to open the door with your hands full. The body of the Leaf has a chunky, SUV-like stance, with a wide front reminiscent of the Volkswagen ID.4. In the end, all these design choices helped the new Leaf reduce its drag coefficient by 10 percent from the previous generation. Nissan is also bringing the new Leaf's battery thermal management to par with other major EV brands , which will improve charging performance in cold weather . The car will capture wasted heat from the drive motor and the on-board charger, and use it to help warm the battery to its ideal temperature for charging. In frigid conditions it can also use the car's heat pump, and a dedicated battery heater to further maintain battery temperatures. Design easter eggs throughout the car pay homage to the brand's name by incorporating '2-3' iconography in the form of stripes, which are meant to represent the kanji writing of two and three in Japanese, pronounced 'ni' and 'san.' The new Leaf is built on a 75-kWh, liquid-cooled battery pack and packs a 214-horsepower electric motor. It will be offered in a wide variety of color options along with a slew of optional features like 19-inch wheels, dimming panoramic roof and 64-color ambient lighting. Built-in Google integrating Google Maps, Google Assistant and the Play Store into the Leaf is also an available option. Wireless Apple CarPlay and Android Auto will be standard on the Leaf S and S+. Nissan says a cheaper 52-kWh version with a 174-horsepower motor will become available at a later date. This major redesign comes amid a turbulent last year for Nissan, culminating in its CEO stepping down after a failed merger with Honda . The automaker had previously gone through a downsizing last year as part of its mission to cut billions of dollars in costs. The 2026 Nissan Leaf will hit showrooms this fall, though pricing has yet to be announced. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so.
