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Honda and GS Yuasa Reach Basic Agreement Toward Collaboration for a High-capacity, High-output Lithium-ion Battery

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2 minutes

TOKYO, Jan 24, 2023 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. (Honda) and GS Yuasa International Ltd. (GS Yuasa) today announced that they have reached a basic agreement toward collaboration for a high-capacity, high-output lithium-ion battery. The two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023. In order to address the rapidly growing demand for batteries, the two companies reached this agreement to work toward the joint research and development of lithium-ion batteries and battery production methods that will be highly competitive in the global market, as well as the establishment of a supply chain for key raw materials and a highly-efficient battery production system.Based on the agreement, the two companies will work toward the establishment of a joint venture company by discussing a broad scope of collaborations including the following: - Research and development of a high-capacity, high-output lithium-ion battery, primarily for EV use, and the required production methods- Establishment and management of intellectual properties including patents related to the joint research and development- Plannin...

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Establishment of Thailand’s NV Gotion as Gotion plans to build battery export base in ASEAN countries

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4 minutes

HONG KONG, Dec 16, 2022 - (ACN Newswire via SEAPRWire.com) - On December 15, Gotion High-tech signed a cooperation agreement with Nuovo Plus of Thailand-based PTT Group, to set up a joint venture called Thailand's NV Gotion Co., LTD (To be determined, NV Gotion for short). The joint venture focuses on the design, development, manufacturing, sales and export of battery modules and pack products, and aims to explore the ASEAN new energy market and build a battery export base in ASEAN. The PTT Group is the largest state-controlled energy and petrochemical company in Thailand. The partnership will help Thailand achieve full electrification and net zero carbon emissions by 2065.On the morning of that day, the two sides signed the agreement via video link. According to the agreement, Gotion Singapore PTE. Ltd. of Gotion High-tech has entered into strategic cooperation with Nuovo Plus Co., LTD of Thailand-based PTT Group, and plans to establish Thailand NV Gotion Co., Ltd. ("NV Gotion") in the Eastern Economic Corridor of Thailand. The business scope of the joint venture includes the design, development, validation and manufacturing of battery modules and battery packs, and battery manage...

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Ni Hsin Inks Strategic Collaboration with SIRIM

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4 minutes

KUALA LUMPUR, Dec 15, 2022 - (ACN Newswire via SEAPRWire.com) - Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today signed a Strategic Collaboration with SIRIM Berhad to promote co-operation between the Parties in the following areas:YBrs. Tuan Mohd Azanuddin bin Salleh, Senior Vice President, SIRIM Industrial Research, SIRIM Berhad; YBhg. Dato' Indera Dr. Ahmad Sabirin bin Arshad, FASc, President and Group Chief Executive Officer, SIRIM Berhad; Sofiyan Yahya, Chairman of Ni Hsin Group; Mr. Steven Khoo Chee Kong, Managing Director of NH EV TECH; Rizvi Abdul Halim, Executive Director of Ni Hsin EV Tech [L-R](a) setting up of a Lithium-Ion Battery Recycling Plant in Malaysia through Public-Private Partnership (PPP) funding model;(b) providing an eco-system for a circular economy model in mitigating the impact on the environment as a result of Lithium-Ion Battery being processed illegally in Malaysia;(c) potentially setting up a Lithium-Ion Battery manufacturing plant in Malaysia; and(d) introducing a Lithium-Ion Battery Recycling policy working with the Government of ...

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Gotion High-tech and VinES Vietnam base break ground at a joint venture battery factory

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2 minutes

HONG KONG, Nov 21, 2022 - (ACN Newswire via SEAPRWire.com) - November 18, the joint venture battery factory by Gotion High-Tech and Vietnam VinGroup was officially opened in Vietnam Ha Tinh Economic Development Zone. The project is expected to achieve an annual production capacity of 5GWh, scheduled to be in operation by the end of 2023, which is the first LFP battery factory in Vietnam. The factory was jointly invested by Gotion High-tech, and VinES (a member of VinGroup). Gotion High-tech holds 51% of the shares and VinES holds 49%. According to the plan, The project has a scale of 14 hectares with a design capacity of 5GWh/year and is expected to be completed and put into operation by the end of 2023. To meet the demand for LFP batteries for VinFast new energy vehicle batteries.At the Groundbreaking ceremony, Li Zhen, Chairman of Gotion High-Tech, said: VinGroup is the most respectable enterprise in Vietnam. The battery factory jointly built by Gotion High-tech and VinGroup will support the battery needs of VinFast's electric vehicles. It will not only contribute to the energy revolution, climate-friendly and economic development of Vietnam but also contribute to the energy civi...

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Honda Begins Sales of “Honda Power Pack Exchanger e:” Battery Swapping Station

ruth
3 minutes

TOKYO, Oct 25, 2022 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. today announced that it has begun sales of the Honda Power Pack Exchanger e: battery swapping station in Japan, with the first unit delivered to Gachaco Inc., a battery sharing service joint venture. Gachaco today began operation of the first mass-production model of the Honda Power Pack Exchanger e: in Japan.Honda Power Pack Exchanger e:Product website: www.honda.co.jp/mobilepowerpack/exchanger (Japanese)Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. Electrification of mobility products, which is indispensable to achieve this goal, has three challenges that need to be addressed: short range, long charging time and high battery cost. By addressing such challenges with swappable batteries and their sharing service, Honda is striving to contribute to the acceleration of electrification and expansion of the use of renewable energy.Honda Power Pack Exchanger e: is a battery swapping station that simultaneously charges multiple units of Honda Mobile Power Pack e: (MPP e:) and enables smooth battery swapping for users of electric motorcycl...

ACN Newswire

CALB’s Listing on the Hong Kong Stock Exchange Injects Strong Positive Energy to China’s New Energy Industry

indie
5 minutes

HONG KONG, Oct 6, 2022 - (ACN Newswire via SEAPRWire.com) - On October 6, CALB Co., Ltd. ("CALB" or the "Company"; stock code: 3931.HK) was officially listed on the Hong Kong Stock Exchange. The number of H Shares of the Company under the Global Offering is 265,845,300, with issue price HK$38/share and proceeds HK$ 9,863.9 million (prior to the exercise of the Over-allotment Option). The successful listing of CALB has also made it the first enterprise of power battery in Hong Kong, representing the strong positive energy of China's new energy industry.Well-recognised investment value with leading edge product portfolioRecently because of the impact of multiple factors, Hong Kong stocks continue to be lukewarm. But the company still received the attention and support of many investors which include upstream and downstream of the industrial chain and long-term investors, and the company successfully completed the stock pricing process. At the same time, the IPO of the company is one of the largest public offering in Hong Kong stock exchange this year. In the current difficult capital market, the successful pricing of such a large IPO is a huge success which also reflect the company's...

ACN Newswire

CALB’s listing on the Hong Kong Stock Exchange makes it a premium target with outstanding high growth certainty on the gold track

indie
4 minutes

HONG KONG, Oct 6, 2022 - (ACN Newswire via SEAPRWire.com) - On October 6, CALB Co., Ltd. (3931.HK), a giant in the EV battery industry, was officially listed on the Hong Kong Stock Exchange and became the first new energy EV battery enterprise in Hong Kong. During the offering period, the first day of the international placement of CALB has realised oversubscription. In addition, the IPO of CALB also attracted 15 cornerstone companies, including Tianqi Lithium (002466.SZ), Han's Laser Technology (002008.SZ), XPeng-W (09868.HK) and vivo, to subscribe for more than 40% of the global offering shares, almost covering the entire new energy vehicle industry chain, which fully proves that the industrial capital is optimistic about the development prospects of CALB.The high level of prosperity of the industry will continue, and the short-term adjustment will not change the long-term trendFrom the industry level, with the establishment of the dominant position of new energy development in several major global economies, the global new energy vehicle market has grown at a high speed and the penetration rate has continued to increase. According to Frost & Sullivan, the global sales volume...

ACN Newswire

CALB is in the process of offering shares: leading product capability wins with outstanding R&D strength

indie
5 minutes

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - Since the late September, the Hong Kong stock IPO market has become increasingly active, successively welcoming large-scale IPO offerings, such as Onewo (2602. HK), Leapmotor (9863.HK), and CALB (3931.HK). CALB Co., Ltd. ("CALB" or the "Company", 3931. HK), which is currently offering shares, is expected to be officially listed on October 6, and will become the first EV battery company in the Hong Kong stock market.CALB proposed to issue 265 million shares, of which the initial proportion of the Hong Kong offering and the international offering is 5% and 95%, respectively. The maximum offer price is HK$51 per H share, 100 shares per lot. Huatai Financial Holdings (Hong Kong) Limited acted as the sole sponsor.In-depth manufacture engineering foundations with outstanding product strength Under the corporate spirit of "beyond commerce, bettering mankind", the Company mastered efficient, digital and scaled operational capabilities and manufacture engineering capabilities. Such capabilities have enabled the Company to attain an industry leading operational scale, which in turn, gives the Company the ability to transform cuttin...

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Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

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2 minutes

TOKYO, Aug 31, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible.With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 GWh. By utilizing the Toyota Production System and building production lines that are more efficient than ever, Toyota also intends to further strengthen its competitiveness and invest in the training of personnel engaged in battery production and the passing down of monozukuri manufacturing skills.In Japan, a total of approximately 400 billion yen will be newly invested in the Himeji Plant of Prime Planet Energy & Solutions Co., Ltd. (PPES) and in Toyota plants and property, while in the United St...

ACN Newswire

Gotion High-tech Releases 2022 Interim Results

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8 minutes

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Gotion High-tech Co., Ltd. ("Gotion High-tech" or the "Company"; Stock Code: 002074.SZ) announced its interim results for the six months ended 30 June 2022 (the "Reporting Period"). During the Reporting Period, the Company achieved revenue of RMB8,638 million, representing a year-on-year growth of 143.24%, of which revenue from overseas regions (including Hong Kong, Macau and Taiwan) increased by 358.28% year-on-year to RMB772 million, and is expected to achieve its target of 100% growth in total revenue over the previous year in the future. Net profit attributable to shareholders of the listed company was RMB64.62 million, representing a year-on-year increase of 34.15%. The Company's net cash flow from operating activities was RMB91.6 million, representing a year-on-year increase of 6.38%.During the Reporting Period, Gotion High-tech generated revenue mainly from power lithium battery, energy storage battery and power transmission and distribution equipment. Power lithium battery business maintained a solid growth trend, and achieved revenue of RMB6,609 million during the period, representing a year-on-year increase of 1...

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New Power to Legend Capital Carbon Neutral Investment Portfolio: Ruicycle Raises Over RMB 300 Million from Series B

indie
4 minutes

HONG KONG, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - Shenzhen Ruicycle Environmental Protection Technology Co., Ltd (also known as Hengchuang Ruineng), a battery recycling company, recently accomplished the B round of fundraising with over RMB 300 million, which is backed by Legend Capital. This round of fundraising will be mainly used to improve the development of the echelon utilized product series, the construction of new energy retired lithium battery recycling capacity, and the expansion of new lithium battery wet recycling technology.Founded in 2017, Ruicycle is a national high-tech enterprise dedicated to "Making New Energy a Truly Green Energy", deeply engaging in the field of recycling and comprehensive utilization of retired power batteries. It is committed to pursuing the concept of green and low-carbon development. Directing at the end of the new energy industry, Ruicycle has built an industrial ecological closed loop of large-scale automatic safe crushing, zero-pollution treatment, and high-efficiency recycling of lithium batteries based on the core technologies of lithium battery echelon utilization, material regeneration, and new material regeneration. Meanwhi...

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Legend Capital Increases Carbon Neutrality Investments: Portfolio Company Talent New Energy Completes A++ Financing Round with Several Hundred Million RMB

indie
4 minutes

HONG KONG, Jun 16, 2022 - (ACN Newswire via SEAPRWire.com) - Legend Capital's portfolio company Talent New Energy, a new Chinese powerhouse in the solid-state battery industry, recently announced the completion of its Series A++ financing round with several hundred million RMB. Legend Capital initially invested in Talent New Energy by joining the Pre-A financing round and continued to support the company's development by following up this Series A++ financing round.With the improved battery technology and continuous high oil prices, the penetration rate of new energy vehicles is rising. The penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. Under the global background of carbon peaking and carbon neutrality, the wind power, photovoltaic and energy storage industry are also ushering in a golden era, gradually replacing the traditional fossil energy. With the technical advantages of high safety and high specific energy, it is widely believed in the industry that solid-state batteries will become the next trillion-level super track and the ultimate solution for battery techno...

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Toyota Releases Storage Battery System for Residential Use Based on Electrified Vehicle Battery Technology

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2 minutes

TOKYO, Jun 2, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) has developed batteries based on the concept of "safe, long service life, high-quality, good value for price, and high performance" so that customers can use them with peace of mind. This technology utilizing many years of electrified vehicle development as well as on-board parts and units have been used to create the O-Uchi Kyuden System(1), a home storage battery system. Pre-orders for the system start today, and sales in Japan will begin in August through home builders and general construction companies.O-Uchi Kyuden System configuration diagramThe O-Uchi Kyuden System uses electrified vehicle battery technology such as Toyota's battery control to provide a rated capacity of 8.7 kWh and a rated output of 5.5 kWh. This ensures safety and provides a supply of electricity to the entire home not just in normal situations, but even during power outages caused by natural disasters.In addition, by linking with a photovoltaic system, it can supply the appropriate amount of electricity based on customer needs throughout the day and night. Toyota believes that using this system will encourage the use...

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Mitsubishi Motors to Launch the All-New eK X EV in Japan

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13 minutes

TOKYO, May 23, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Motors Corporation announced that the all-new eK X EV (pronounced "eK 'cross' EV"), an all-electric kei-car1, will go on sale at sales affiliates nationwide and on Rakuten Ichiba2, an e-commerce marketplace, in Japan this summer. The all-new eK X EV is priced from 2,398,000 to 2,932,600 yen (10 percent consumption tax included). It is eligible for the Subsidies for Promoting the Introduction of Clean Energy Vehicles and Infrastructure in the supplementary budget for fiscal 2021 and the Subsidies for Promoting the Introduction of Clean Energy Vehicles in fiscal 2022. Accordingly, for customers who receive a 550,000 yen subsidy, the actual purchase price3 will start from 1,848,000 yen (10 percent consumption tax included). In some areas, subsidies from local governments can also be used, making the price even more affordable. All-New eK X EV The eK X EV is a new electric vehicle (EV) to join the eK X series4, Mitsubishi Motors' kei-car series with an SUV flavor, and offers a driving range sufficient for everyday use5 at an affordable price. The new model features the spacious, pleasant cabin and user-friendliness sam...

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DENSO Products Electrify Toyota and Subaru’s New All-Electric bZ4X and SOLTERRA

ruth
5 minutes

KARIYA, JAPAN, Apr 14, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO Corporation today announced it is providing key electrification components to Toyota and Subaru's all-new, all-electric bZ4X and SOLTERRA, scheduled to be released in May 12, 2022 and mid-2022 respectively. DENSO products help the battery electric vehicle (BEV) go farther, charge faster, optimize battery use, and most importantly, perform better.Newly-developed DENSO products featured on the bZ4X and SOLTERRA include:- Current Sensor, which detects the flow of charging and discharging battery electricity- Electricity Supply Unit (ESU), which integrates the functions of battery charging, electrical power conversion, and electrical power distribution- Heat Pump System, which extracts heat from the air and uses it as a heat source for the vehicle climate control system- Radiant Heating System, which warms the passengers lower body, only for bZ4XOther DENSO products on the bZ4X and SOLTERRA include:- Sensors, which monitor battery voltage and temperature- Battery Monitoring Electronic Control Unit (ECU), which monitors the status of the battery- BEV ECU, which combines sensor information to control energy flow- Inve...

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Interactive Energy Storage Online Workshop is Back By Popular Demand

indie
3 minutes

Singapore, Mar 10, 2022 - (ACN Newswire via SEAPRWire.com) - A new date for Energy Storage online workshop has been announced by Infocus International Group and It will commence live on the 17th of June 2022.Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, this course also covers the variety of competing storage technologies and describes the wide variety of problems energy storage seeks to solve, at a wide range of deployment sizes and timescales, including key issues around practical project delivery.This course is ideal for those from the investment community and professionals who are working within the power sector in a commercial or business development role. It provides an independent perspective on the competing options, the economic environment in which storage projects operate, and the operational and revenue risks which are important to them.The 4-days training programme provides a clear...

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Bosch, Mitsubishi Corporation and BPSE Team Up to Empower Electrification of Commercial Operating Fleet by Providing Battery Insight

ruth
3 minutes

TOKYO, Mar 4, 2022 - (JCN Newswire via SEAPRWire.com) - Bosch, Mitsubishi Corporation and BPSE have recently agreed into a cooperation to create a new service to enable Battery as a Service business model by leveraging Bosch's Battery in the Cloud technology, Mitsubishi Corporation's battery service commercialization capability and BPSE's battery swapping platform.Bosch Battery in the CloudBPSE Battery Swapping Station The demand for electrification is increasing day by day, but the initial investment cost to deploy an EV fleet, the down time during charging, and the uncertain of the battery are some of the major factors preventing electrification of commercial fleets. Battery swapping scheme is considered as one major solution in providing higher efficiency for the utilization of the EVs with maximizing their availability. The parties are creating a new service by applying Battery-in-the-cloud technology developed by Bosch. Battery-in-the-cloud will continuously monitor and analyze the battery using AI, providing control to the battery to maximize the life & performance and optimize the TOC of the EV Fleet. The parties will apply this technology to the Battery swapping platfor...

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Toyota Reveals Full Lineup of Battery EVs: Toyota’s Briefing on BEV Strategies

ruth
1 minute

TOKYO, Dec 14, 2021 - (JCN Newswire via SEAPRWire.com) - On December 14, Toyota held a press briefing on its battery EV (BEV) strategies and revealed 16 Toyota and Lexus BEV models that it is readying for market launch, including the all-new Toyota bZ4X due next year.During his presentation, President Akio Toyoda announced that the company is going to roll out 30 BEV models and is anticipating sales of 3.5 million BEVs globally by 2030. The Lexus brand aims to have BEVs account for 100% of the total sales in Europe, North America, and China by 2030.Akio passionately talked about why and how Toyota has long invested in BEVs and other options for carbon neutrality. Watch the video below to find out more, click https://toyotatimes.jp/en/insidetoyota/190.html. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Toyota Selects North Carolina for New U.S. Automotive Battery Plant

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2 minutes

Toyota City, Japan, Dec 7, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor North America announced today that North Carolina Greensboro-Randolph Megasite has been chosen as the location for Toyota's new $1.29 billion automotive battery manufacturing plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC).When it comes online in 2025, TBMNC will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 vehicles--with the intention to expand to at least six production lines for a combined total of up to 1.2 million vehicles per year.The $1.29 billion investment, including funds to develop land and facilities, made by Toyota and Toyota Tsusho will be partially funded from a total investment of approximately $3.4 billion previously announced on October 18, which did not include funds for developing land and facilities, and is expected to create 1,750 new American jobs."The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality," said Ted Ogawa, CEO of Toyota Motor North America. "North Carolina offers the right conditions for this investment, including t...

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Hitachi Energy Releases Global Updates to Grid Edge Solutions Portfolio Including New Services

ruth
5 minutes

ZURICH, SWITZERLAND, Nov 10, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy has today launched the next generation of its e-mesh(1) portfolio of energy storage and digital automation solutions.The release delivers the energy industry's most comprehensive set of digital energy solutions. It tightly integrates advanced analytics with both software and hardware systems to maximize system performance and value, while reducing the overall carbon footprint.New updates include:- Vehicle to grid (V2G) readiness for electric vehicle fleets- Options for advanced cloud-based performance and monitoring applications- Flexible design improvements to the PowerStoreTM battery energy storage system- Expanded controls and automation"The entire energy market is transforming, and the challenges are expanding in scope and urgency," said Maxine Ghavi, head of Grid Edge Solutions for Hitachi Energy. Maxine continued, "It is no longer about one transformation. It is about many changes happening at once, and is always built on more electrification. We have heard from customers around the globe that they don't just want a single product for a microgrid, energy storage, or a control system. They wa...