dynaCERT: Setting Its Sights on All of Asia
For the Canadian energy company, expansion in Asia is taking shape. Vietnam is increasingly becoming a strategic reference market for the Canadian cleantech. Several projects are currently running in parallel. At a waste and recycling company near Hanoi, HydraGEN systems are set to be deployed in long-haul trucks. At the same time, pilot installations are being launched at a major oil and gas company for fire trucks, forklifts, and mobile cranes. In addition, systems have already been installed at one of the world’s largest logistics companies in a Vietnamese port operation.
As a result, dynaCERT now covers applications ranging from logistics and port handling to waste management and the oil and gas industry. This could open the door to further Asian markets. Discussions are already underway in Cambodia, Indonesia, and Japan.
Millions of diesel-powered trucks, construction machines, generators, and industrial plants are still in use worldwide. HydraGEN™, the retrofit technology developed by dynaCERT, generates hydrogen and oxygen on demand and feeds the gases to the engine. This is intended to make combustion more efficient, lower fuel consumption, and reduce pollutant emissions. The advantage for operators is clear: existing machinery can continue to be used instead of making expensive new purchases. For standard applications, the investment is expected to pay for itself within 1.5 to 2 years.
HydraLytica™ offers additional leverage. The telematics platform collects engine and consumption data, thereby laying the foundation for quantifying emission reductions. The Verra-certified methodology also opens the door to the market for emission credits in the future.
The first production order from Vietnam in June already demonstrated that commercialization is moving forward. In addition, with secured financing of CAD 5 million, the Canadian company has fresh capital for global sales. If the company succeeds in converting the ongoing pilot projects into larger fleet orders, Vietnam could be just the beginning of a much larger expansion.
BYD: News Upon News
The Chinese auto market remains highly competitive. Companies like BYD are therefore striving not only to innovate constantly in their domestic market but also to successfully sell their products in foreign markets. The company recently launched pre-sales for the Sealion 08 SUV in the Chinese market. The vehicle serves as the new flagship model in the manufacturer’s Ocean product line and is available as both a pure-electric vehicle and a plug-in hybrid.
Depending on the powertrain and interior configuration, with either five or six seats, pre-sale prices range from CNY 230,000 to 280,000. Technically, the hybrid variant features a fast-charging function that, in combination with the second generation of the company’s proprietary Blade Battery, enables short charging times. Additional features include rear-axle steering, air suspension, and camera-based driver-assistance systems.
BYD also launched the Qin Max sedan in China. The vehicle complements the Qin series and is specifically aimed at a younger customer base. Prices start at CNY 99,900 for the base model and go up to CNY 143,900 for the top-of-the-line trim. A total of nine variants with electric or hybrid powertrains are available. The electric version offers a range of up to 630 km. In contrast, the hybrid model, combining a gasoline engine and an electric motor, achieves a total range of up to 2,370 km. The launch is intended to boost sales of the model series again, following a decline in Qin series sales so far this year.
Internationally, BYD is preparing to begin deliveries of the Sealion 6 DM-i plug-in hybrid in South Korea. Once local certification procedures are complete, the model will be offered starting at a base price of 37.5 million South Korean won. As it expands into this market, the company is relying on its strong expertise in electric motors. Its in-house developed electric motors achieve a maximum efficiency of 97.5%, which is expected to boost demand for BYD vehicles in this market.
Lucid Group: Shares on Sale
Lucid Group is also playing a key role in the transformative shift of the automotive market. The production of innovative electric vehicles generated USD 405 million in revenue for the company in the 2026 quarter, representing a 56% year-over-year increase. Deliveries rose by 19% to 3,953 vehicles. Production, however, was intentionally reduced to 4,774 units to reduce existing inventory and thereby free up financial resources.
In total, the automaker’s liquidity stands at USD 3 billion. To optimize internal processes, management has launched a restructuring program. The goal is to improve cash flow by USD 1.4 billion in 2026 through lower operating expenses, reduced capital expenditures, and lower inventory levels. The company’s strategic focus going forward will be on developing robotaxis, the planned mid-range vehicle platform, and expanding its production facility in Saudi Arabia. In addition, the new CFO, Alexander De Bock, is expected to ensure stricter spending controls and restore investor confidence. Previously, the CEO had publicly acknowledged mistakes after the company faced product delays and software glitches.
In parallel with these operational changes, major institutional investors have significantly increased their stakes in the automaker. The financial services provider State Street purchased additional shares in the second quarter, increasing its holdings by nearly 98% to just over 5.25 million shares. For State Street, this is the largest equity position since Lucid’s initial public offering in 2021.
Asset manager BlackRock also expanded its stake by about 94% to over 12.1 million shares during the same period. This marks the seventh consecutive quarter that BlackRock has increased its position. The majority of the company’s shares remain in the hands of Saudi investors and the ride-hailing service Uber.
The mobility transition is opening up opportunities far beyond traditional electric vehicles. BYD is making a global push with new models and its battery technology, while Lucid Group aims to turn the company around with robotaxis and a new mid-range platform. dynaCERT offers the greatest speculative leverage. If the pilot projects in Vietnam lead to larger fleet orders, the expansion into Asia could open up a whole new scale of business for this previously small cleantech company.
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