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The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs

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LONDON, Aug. 23, 2023 /PRNewswire/ — China’s world-leading Electric Vehicle (EV) industry is pushing into Europe. According to a new report from global technology intelligence firm ABI Research, in 2030, 1.2 million Chinese-made Battery Electric Vehicles (BEVs) will be imported by the European Union (EU), making up 12% of the bloc’s BEV sales.
Chinese brands like BYD, XPENG, and NIO are launching models across Europe in 2023, giving Western automakers plenty to be concerned about. Dylan Khoo, Industry Analyst at ABI Research, says, “Local OEMs are still finding their feet with electrification, these Chinese disruptors are more experienced and entirely focused on EVs. They offer European customers BEVs that are competitive in price and quality across various segments. Chinese-owned brands such as MG and Polestar have already been in the market for a while, and their models imported from China are selling well.”
In the last five years, exports of cars from the EU to China have fallen slightly, but EU imports of Chinese cars have quadrupled, reversing the trade flow. In 2022, China became the biggest source of imported cars for the EU, but this still only accounted for under 6% of all vehicles registered that year. However, 28% of the EU’s BEVs were imported from China.
Chinese brands did not make the majority of these imported EVs. Western automakers are increasingly using China as an export base, taking advantage of the local supply chain and the benefits of locating their capacity with the largest source of demand. Tesla has employed this strategy effectively: 40% of the cars made at its Giga Shanghai factory are exported, supplying 80% of Europe’s Teslas. BMW exclusively produces the iX3 in China for sale locally and worldwide export. The Dacia Spring, made in China by Renault and Dongfeng, is one of the best-selling cars in Europe.
“Overcapacity, economic slowdown, and the highly competitive automotive market at home are making Chinese OEMs look overseas for sales. In Europe, they see a lucrative market with a great demand for EVs and few protectionist measures. The European automotive supply chain will be disrupted from two directions: these Chinese brands pushing into Europe, and Western OEMs building production capacity in China for export to Europe,” Khoo concludes.
These findings are from ABI Research’s Chinese Electric Vehicle OEMs application analysis report. This report is part of the company’s Electric Vehicles research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research是一家国际科技情报公�,为全�科技领袖�创新人士和决策者�供实用的市场研究和战略性指导。我们密切关注一切为�行�业�全��济和劳动市场带�颠覆性��的创新与技术。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
Global    Deborah Petrara Tel: +1.516.624.2558   [email protected]   
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NordVPN: Website categories employers don’t want you to visit

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Cybersecurity experts say that blocking certain websites lowers the risk of cyberattacks and removes distractions
LONDON, Sept. 18, 2024 /PRNewswire/ — According to data collected by a network security NordLayer, developed by the leading cybersecurity company NordVPN, a significant portion of employers (72%) block malicious and adult websites. Malicious websites can pose severe security threats by spreading malware, while adult websites are often restricted due to concerns over inappropriate content and productivity loss. Gambling sites are blocked by 43% of employers, likely due to concerns over addiction and productivity loss.

“In today’s threat landscape, where cyberattacks are becoming increasingly sophisticated, DNS filtering plays a pivotal role in safeguarding sensitive data, maintaining regulatory compliance, and preserving the integrity of organizational networks,” says Ugne Mikalajunaite, Country Manager Taiwan at NordVPN.
Employers seek to maintain a professional work environment
Besides just blocking adult websites, many managers take a step further to maintain a professional work environment. For example, 30% block dating sites, 28% do not allow access to sex education websites, and about 12% of employers even block lingerie sites.
Information or sales related to drugs websites are blocked by 37% of IT managers. Interestingly, 21% of employers block VPN websites, likely to prevent employees from circumventing network restrictions and accessing blocked content, which could pose security risks or productivity concerns.
Employer restriction priorities in different regions 
In Europe, businesses exhibit the greatest inclination to block adult content websites, with 67% of employers imposing such restrictions.
North America prioritizes mitigating security risks by having the highest percentage (70%) of employers blocking access to malware websites. Asia stands out with a distinct emphasis on curbing access to illegal or unethical content, as evidenced by 73% of employers restricting websites within this category.
Intriguingly, Asian businesses demonstrate a stricter approach towards gambling and gaming websites compared to their European and North American counterparts. While 64% of Asian employers block gambling sites, the figures stand at 37% and 38% for Europe and North America, respectively. Similarly, 36% of Asian organizations restrict access to gaming websites, contrasting with considerably lower rates of 9% in Europe and 20% in North America.
Another noteworthy regional disparity lies in the treatment of dating websites. European and North American employers exhibit relatively comparable stances, with 25% and 28% blocking this category, respectively. However, Asian businesses adopt a more restrictive policy, with 45% of employers denying access to dating sites.

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Apt.Residential Selects Yardi’s Technology to Support BTR Projects

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Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting
SYDNEY, Sept. 18, 2024 /PRNewswire/ — Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build.

With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units.
“We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting,” said Michael Hogg, co-founder & head of operations for Apt.Residential. “Yardi’s single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms.”
“We’re excited to work with Apt.Residential and support its growth as the company expands its BTR projects,” said Neal Gemassmer, vice president and general manager for Yardi. “Our connected platform will help Apt.Residential enhance communication and set them up so they’re ready to operate once development has completed.”
See how Yardi’s end-to-end technology can help drive your digitalisation strategies.
About Apt.ResidentialApt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.
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EQT to sell Open Systems, a Swiss leader in network and cyber security solutions, to Swiss Post

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EQT Private Equity, together with its co-shareholders, to sell Open Systems to Swiss PostUnder EQT’s ownership, Open Systems transformed from a founder-led managed security services provider to a leading integrated network and cyber security companySince EQT’s acquisition in 2017, Open Systems has almost doubled its revenues and more than tripled its EBITDA, while significantly expanding its product offering to support customers on their network transformation and cybersecurity journeySTOCKHOLM, Sept. 18, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT”), together with its co-shareholders, have agreed to sell Open Systems (“Company”) to Swiss Post.

Headquartered in Zurich, Switzerland, Open Systems delivers network and cyber security capabilities in a single cloud-based platform known as Secure Access Service Edge (SASE). Open Systems’ innovative SASE Experience eliminates the complexity of secure global connectivity and network management, while providing seamless global 24×7 support. The Company plays a pivotal role in supporting customers globally in their network and cyber security transformation by offering a fully integrated, single-pane-of-glass cloud and software platform and supporting services.
EQT acquired a majority stake in Open Systems in 2017. During EQT’s ownership, the Company almost doubled its sales and more than tripled its EBITDA, while making substantial investments into its technology platform and transforming from a network-focused managed security services provider to a leading SASE player with extensive cyber security capabilities. Open Systems also built a Managed Extended Detection and Response (MXDR) division, which was carved out in 2023 and now operates as a standalone company under the brand Ontinue, which will be retained by EQT. Organic growth was complemented by three strategic add-on acquisitions, including Sqooba, a Swiss provider of data science, AI, cloud, and cyber services founded by the current Open Systems CEO Daniel Neuhaus.
As part of Swiss Post, Open Systems will continue its growth journey under the leadership of Daniel Neuhaus. With the acquisition, Swiss Post strengthens its role as provider of digital communication services by increasing its competences and know-how to support digitally connected businesses in Switzerland.
Daniel Neuhaus, CEO of Open Systems: “I would like to thank EQT for their support over the years and their hands-on involvement in our development. Swiss Post’s investment is a validation of our long-term strategy to become a leading SASE software provider with the best customer experience. With Swiss Post, we have found a sustainable partner in Switzerland who shares our values and will support us in continuously delivering best-in-class technology and services to our customers while continuing to drive innovation.”
Philipp Woerner, Director within EQT Private Equity’s Advisory Team: “We have been continuously impressed by Open Systems’ track record of technological innovation in the network and cyber security space. Thanks to the dedication and commitment of the management team led by Daniel, Open Systems delivers attractive technology and services from Switzerland to its customers globally. We could not have imagined a better future home for Open Systems than Swiss Post to support continuing the strong development.”
Nicole Burth, CEO of Swiss Post Communication Services, said: “Open Systems strongly complements our existing offerings in the area of cybersecurity. The Company is an excellent cultural fit and supports our strategy to bring cybersecurity to our Swiss customers. This makes the network and communication of businesses more efficient and secures it with the unique cloud security solutions Open Systems provides.”
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q4 2024.
ContactEQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/eqt-to-sell-open-systems–a-swiss-leader-in-network-and-cyber-security-solutions–to-swiss-post,c4039258
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