JAKARTA, INDONESIA - Media OutReach Newswire - 21 May 2026 - As part of the VF MPV 7 experiential event in Indonesia, VinFast officially announced the rollout of the VF MPV 7 electric vehicle from its Subang plant in West Java. This milestone marks a significant step forward in the Company's global manufacturing expansion strategy and reinforces its long-term commitment to one of Southeast Asia's most promising EV markets.
Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, announced the rollout of the VF MPV 7 electric vehicle from its Subang plant in West Java.
The announcement was made during a four-day VF MPV 7 customer experience program held at Laguna, Central Park Mall, for Indonesian customers, partners, and media representatives. Through a series of test drives and hands-on activities, VinFast aims to provide consumers with the opportunity to directly experience the vehicle's smooth performance, spacious interior, and advanced smart technologies that define this strategic electric MPV model.
In particular, the first 2,000 customers purchasing the VF MPV 7 will enjoy a special cashback incentive of IDR 16 million. In addition, VinFast customers will also benefit from free charging at V-Green charging stations in Indonesia until March 31, 2029.
The VF MPV 7 is the premium version of the Limo Green lineup, comprehensively refined in terms of design, features, and technology to deliver an elevated experience for family-oriented customers. The model continues VinFast's signature design philosophy, combining modern elegance with the practicality expected from a mid-size MPV.
Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, said: "The VF MPV 7 is a strategic product within VinFast's electric vehicle portfolio in Indonesia, reaffirming our long-term investment commitment and sustainable development vision for the market. The rollout of the first VF MPV 7 from the Subang plant marks an important milestone in our localization journey, enhancing competitiveness while delivering high-quality, intelligent, and accessible electric vehicles tailored to the real-world needs of modern urban families in Indonesia."
Built around the golden proportions characteristic of MPV design, the VF MPV 7 features wheels positioned toward the corners of the body to maximize cabin space. The exterior is distinguished by soft, flowing lines combined with strong body surfaces, creating a look that is both robust and sophisticated.
Measuring 4,740 x 1,872 x 1,734 mm with a wheelbase of up to 2,840 mm, the VF MPV 7 offers a spacious interior that exceeds expectations within its segment, ensuring comfort for all seven passengers on every journey.
The cockpit is designed with a modern, user-centric approach, featuring a leather-wrapped D-cut steering wheel with integrated multifunction controls, a steering column-mounted electronic gear selector, and a 10.1-inch central infotainment display supporting Android Auto and Apple CarPlay connectivity. All seats are upholstered in premium synthetic leather, complemented by an automatic air-conditioning system with PM 2.5 air filtration and dedicated air vents for all three seating rows, enhancing comfort for every passenger.
In terms of performance, the VF MPV 7 is equipped with an electric motor delivering a maximum output of 150 kW (201 hp) and peak torque of 280 Nm, providing smooth acceleration and the refined driving experience characteristic of electric vehicles. Its 60.2 kWh battery pack enables a driving range of up to 450 km on a full charge, based on NEDC standards.
Advanced fast-charging technology allows the battery to charge from 10% to 70% in approximately 30 minutes, maximizing convenience for daily use and long-distance travel.
The VF MPV 7 is also equipped with a suite of intelligent technologies, including a virtual assistant with Indonesian voice control, remote vehicle management and location services via smartphone app, and a comprehensive range of active and passive safety features. The vehicle comes with rear parking assist, a rear-view camera, cruise control, and a reinforced chassis structure, ensuring peace of mind for customers on every journey.
The VF MPV 7 is priced in Jakarta starting from IDR 420 million for the battery-included version, and from IDR 345 million for the battery subscription version. VinFast's battery subscription policy is designed with flexibility to suit different usage needs, with monthly subscription fees starting from IDR 880,000.
The rollout of the first VF MPV 7 comes just months after VinFast officially inaugurated its electric vehicle plant in Subang, West Java, in December 2025. The development marks a significant milestone in VinFast's strategy to strengthen its global manufacturing footprint.
The VinFast Subang plant is built on a 171-hectare site and will be developed in multiple phases, with total projected investment exceeding USD 1 billion. In future phases, the plant's production capacity is expected to reach up to 350,000 vehicles annually, positioning it to meet growing domestic demand while supporting exports to regional markets.
After commencing operations, the plant began producing the VF 3, VF 5, VF 6, VF 7, and VF MPV 7 models, and will continue to expand its product lineup in the near future in line with VinFast's growth strategy in Southeast Asia.
In just approximately two years of presence in Indonesia, VinFast has introduced a diverse product lineup, expanded its nationwide dealership and after-sales service network, and partnered with global charging infrastructure developer V-Green to rapidly expand charging coverage across the country. At the same time, VinFast has collaborated with leading banks and financial institutions to provide flexible financing solutions that make electric vehicles more accessible to consumers.
Through pioneering policies and a well-structured investment strategy, VinFast is steadily advancing Indonesia's green transition while reinforcing its position as one of the leading players driving the electrification revolution in Asia.
Hashtag: #VinFast
https://vinfastauto.id/
The issuer is solely responsible for the content of this announcement.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
Revenue Up 35.4% Year-on-Year API Token Call Volume Surges Nearly 6 Times
HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - Phancy Group Co., Ltd. ("Phancy" or "The Company", stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.
During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.
2026 First Quarter Business Highlights:
Unified Enterprise AI Platform Drives Explosive Core Business Growth
Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy's enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy's deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.
In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.
AI Technology Iteration Accelerates, Commercialization Beats Expectations
Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.
As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target - well ahead of schedule.
In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.
Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy's position in the AI-driven cultural and creative sector.
Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration
Since May 2026, China's AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy's core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.
In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy's HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.
In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.
Through deep integration of its computing and model layers, Phancy has built a comprehensive "Compute–Model" integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient "Token Factory."
Guided by the mission of "AI for Everyone" and positioned as the "Navigator of AI," Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - Phancy Group Co., Ltd. ("Phancy" or "The Company", stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.
During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.
2026 First Quarter Business Highlights:
Unified Enterprise AI Platform Drives Explosive Core Business Growth
Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy's enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy's deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.
In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.
AI Technology Iteration Accelerates, Commercialization Beats Expectations
Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.
As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target - well ahead of schedule.
In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.
Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy's position in the AI-driven cultural and creative sector.
Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration
Since May 2026, China's AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy's core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.
In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy's HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.
In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.
Through deep integration of its computing and model layers, Phancy has built a comprehensive "Compute–Model" integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient "Token Factory."
Guided by the mission of "AI for Everyone" and positioned as the "Navigator of AI," Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
