SAITECH GlobalNASDAQ: SAI

Extra tariffs on Chinese electric cars imported into the EU will come into force today after formal approval yesterday and a year of wrangling between the two zones. Already subject to a 10% car import duty, Tesla will face an additional  7.8% hit, while China's SAIC, which owns the MG brand, will face a 35.3% surcharge.

SINGAPORE, Aug. 30, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW) announces its membership in the World Nuclear Association (WNA). As a member of WNA, SAI's CEO Arthur Lee, and the Company's Nuclear Energy Strategy Consultant François Morin, will present in World Nuclear Symposium 2024 this September.

SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announces the signing of a Memorandum of Understanding (the "MoU") with Idaho Competitive Aquatics, LLC. (the "Idaho Competitive") regarding SAI US Inc.'s Idaho Central Aquatic Center Project. This initiative will establish the next SAINODE in Idaho, integrating SAI's Advanced Computing Center Ecosystem (ACCE) to enhance heating efficiency in aquatic center operations.

SINGAPORE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“ SAI.TECH ” or “ SAI ” or the “ Company ”) (NASDAQ: SAI, SAITW) today announced that all of the shareholder proposals submitted for shareholder approval (the “Proposals”) as set forth in the notice of annual general meeting dated July 23, 2024 (the “Notice of AGM”) have been duly adopted at its annual general meeting of shareholders held virtually at www.virtualshareholdermeeting.com/SAI2024 on August 13, 2024, as adjourned from August 6, 2024 (the “AGM”).

SINGAPORE, July 17, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$1 million and up to 1 million shares of its ordinary shares until January 11, 2025. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policies.

SINGAPORE, July 09, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW) announces the signing of two Memorandums of Understanding (MoU) for HEATNUC products aimed at strengthening cooperation within the small modular reactor industry. These MoUs are set to enhance SAI.TECH's competitiveness in the Middle Eastern and international markets while increasing localization efforts in the region.

SINGAPORE, June 28, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announces the signing of a Memorandum of Understanding (MoU) with Al-Farabi Kazakh National University (the "University") in the Republic of Kazakhstan. This collaboration aims to bolster educational and scientific research initiatives in the region.

SINGAPORE, June 18, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announced its presence at the upcoming 2024 SelectUSA Investment Summit, taking place on June 23 in Maryland, the United States. The event serves as a pivotal platform for fostering business investment, connecting thousands of investors, companies, economic development organizations (EDOs), and industry experts.

Chinese carmaker SAIC Motor has pointed to Europe for its latest electric vehicle factory, potentially marking a return to the continent for former British brand MG SAIC, which owns MG, pointed to strong demand for its electric vehicles in Europe, amid a 40% jump in sales outside of China during the first three months of the year. MGs had been built in Birmingham until 2016, but saw production moved to China by the state-owned company which dubbed the UK as was no longer “required” at the time.