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Hyundai Motor Group to Pioneer Hong Kong’s Hydrogen Economy, Accelerating Asia-Pacific Expansion

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Hyundai Motor Group and partners in Hong Kong sign agreement at International Hydrogen Development Symposium 2026 to accelerate development of Hong Kong’s hydrogen ecosystemThe Group to leverage waste-to-hydrogen (W2H) model, building on expertise from Korean and Indonesian marketsPlan includes local production of low-carbon hydrogen, development and operation of liquid hydrogen refueling stations and deployment of hydrogen-powered commercial vehiclesPartnership creates a launchpad for hydrogen business expansion across the Asia-Pacific region

SEOUL, South Korea and HONG KONG, May 18, 2026 /PRNewswire/ — Hyundai Motor Group (the Group) has forged an agreement with key Korean, Chinese Mainland, Hong Kong and French companies to establish a comprehensive hydrogen ecosystem in Hong Kong.

During the International Hydrogen Development Symposium 2026 in Hong Kong on May 18-20, 2026, the governments of Korea and Hong Kong signed an intergovernmental Memorandum of Understanding (MoU) to strengthen hydrogen policy cooperation and business partnerships. Building on this governmental collaboration, the Group officially announced its plan to advance the Hong Kong hydrogen ecosystem project and signed an MoU with leading Hong Kong-based and global companies.

The Korea-Hong Kong corporate MoU establishes a collaborative framework to pioneer Hong Kong’s hydrogen market while positioning the city as a strategic base for the Group’s hydrogen business expansion across the Asia-Pacific region.

The agreement was signed by Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group; Cheng Don H.K., Chief Operating Officer – Hong Kong Business at The Hong Kong and China Gas Company Limited; Yu Taek Seo, Vice President at Hyundai Engineering & Construction Co., Ltd.; Norman Cheng, Chief Operating Officer of Veolia Hong Kong Holding Ltd.; In Gu Park, Chief Executive Officer of JEA ENG., Co., Ltd.; Zhang Jian, Chairman of China Inspection Company., Ltd.; Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd.; Alfred Wong, Partner at Templewater Limited; Ir William Luk, Deputy Chief Executive Officer of Chun Wo Construction and Engineering Company Limited; and Calvin Wong, Chief Executive Officer of Chun Wo Bus Services Limited.

The signing ceremony was witnessed by representatives from Hong Kong, including Diane Wong, Acting Secretary for Environment and Ecology of the HKSAR; Poon Kwok Ying, Director of Electrical and Mechanical Services of the HKSAR; and Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong, as well as Jeong Eui Kyung, Deputy Minister of Land, Infrastructure and Transport, representing Korea.

This initiative strengthens business momentum for the Group’s global hydrogen vision by outlining a strategic background, an actionable execution plan and Korea–Hong Kong corporate partnerships for Hong Kong’s hydrogen ecosystem project.

“This MoU was signed as Hyundai Motor Group’s commitment to advancing Hong Kong’s proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilizing the Group’s hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market.” – Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group.

“Today multi-party signing is both a landmark moment for Hong Kong’s green economy and a clear signal that the city’s hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over HK$2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape.”  – Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong.

The Group is also participating as an exhibitor at the Symposium, held at the Hong Kong Convention and Exhibition Centre from May 18-20, 2026.

At the exhibition, the Group is introducing HTWO, its hydrogen brand and business platform, while outlining plans to develop Hong Kong’s hydrogen ecosystem. It is also showcasing its W2H technologies and global initiatives, alongside a fuel cell system manufactured at HTWO Guangzhou, the Group’s first overseas fuel cell system facility, supporting a wide range of applications. Together, these highlight the Group’s integrated capabilities across the entire hydrogen value chain, extending beyond mobility.

Through HTWO, the Group integrates affiliate capabilities to deliver end-to-end hydrogen solutions across the entire hydrogen value chain — from production to storage, transportation, and refueling to utilization. As an open platform for collaboration, partnerships, and investment, HTWO reflects the Group’s continued commitment to advancing practical energy and hydrogen solutions worldwide in collaboration with governments, industry and innovators.

Why Is Hyundai Motor Group Establishing a Hydrogen Ecosystem in Hong Kong?

Hyundai Motor Group is leveraging its extensive hydrogen expertise to support the Hong Kong Government’s Climate Action Plan 2050, which targets carbon neutrality by 2050. Following the city’s announcement of its Hydrogen Roadmap in 2024 and introduction of subsidies for hydrogen vehicles and refueling infrastructure through the New Energy Transport Fund, the Group identified Hong Kong as a market with significant potential. Similar to Korea, Hong Kong relies heavily on imported energy and has structural limitations in renewable energy production, making clean hydrogen a vital alternative.

The Group has since been actively engaging with local stakeholders, sharing its experience on Waste-to-Hydrogen (W2H) ecosystems at last year’s inaugural Symposium and introducing Korea’s hydrogen policies at the 2025 APEC Workshop held in Hong Kong.

Building on its global leadership in hydrogen technologies and fuel cell system production, including operations at HTWO Guangzhou, the Group is well positioned to support Hong Kong’s clean energy transition.

What Does the Hydrogen Ecosystem Project Involve?

The Group’s plan is tailored to Hong Kong’s unique environment and economic drivers. Key initiatives include:

Producing low-carbon hydrogen by utilizing Hong Kong’s abundant and underutilized landfill gas (LFG) resources.Introducing locally tailored hydrogen fuel cell buses, including tour and airport shuttle buses to serve the city’s vibrant tourism sector, which attracts nearly 50 million visitors annually and relies on extensive long-haul transit operations.Developing and operating hydrogen refueling stations (HRS) to support operation in high-traffic sites.

HTWO Guangzhou will supply fuel cell systems for the production and deployment of hydrogen commercial vehicles optimized to meet local requirements.

Who Are the Partners in This MoU?

The project is founded on strong public and private sector collaboration. Building on this inter-governmental support, the corporate MoU unites 10 specialized companies to execute the vision.

Partner Company

Origin

Ecosystem Role

Hyundai Motor Company

Korea

Project Lead comprehending W2H production, hydrogen refueling station establishment, hydrogen powered commercial vehicle deployment

Hyundai Engineering & Construction

Korea

Design and establishment of Waste-to-hydrogen Production Infrastructure

JEA ENG

Korea

Design and establishment of Hydrogen Refueling Station

The Hong Kong and China Gas Company Limited (Towngas)

Hong Kong

Strategical collaboration for W2H Production, Distribution, Utilization

Veolia Hong Kong Holding Ltd.

France

Local support for W2H facility establishment

China Inspection Company., Ltd.

Hong Kong

Regulatory Guidance and Product Certification

Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (GUOFUHEE)

Chinese Mainland

Supply liquid hydrogen and provide technical guidance for liquid hydrogen refueling station

Templewater Limited

Hong Kong

Advisory for APAC Expansion and Tech Scouting

Chun Wo Construction & Engineering Company Limited

Hong Kong

Local Support for Refueling Station Construction

Chun Wo Bus Services Limited

Hong Kong

Hydrogen Bus Deployment and Operation

What Are the Next Steps?

With this MoU establishing a practical collaboration framework, the Group and its partners will accelerate project execution. The immediate focus will be on developing the W2H production facilities and the initial hydrogen refueling infrastructure, with a target for Hong Kong’s comprehensive, self-sustaining hydrogen ecosystem to be fully operational by the end of 2030. By 2027, the project site will be confirmed, with facility design scheduled to begin.

Meanwhile, the Group continues to expand its global hydrogen initiatives. In Korea, it started operating HTWO Energy Cheongju this year, which produces clean hydrogen from sewage sludge, and in Indonesia, it is executing a landfill-based W2H ecosystem business in cooperating with the government of Indonesia and Pertamina, the Indonesian state-owned energy company.

 

– End –

About Hyundai Motor Group

Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication, and the will to take on any challenges, we strive to create a better future for all.

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom

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SOURCE Hyundai Motor Group

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SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

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Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications  and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

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LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

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LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

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SOURCE LaVivid Hair

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Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

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MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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