IoT Company Tuya Smart

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, today officially announced the integration of Le Chat, the latest AI model from Mistral AI, into the Tuya Cloud Developer Platform. As the first company to integrate this cutting-edge model, Tuya is leveraging Le Chat’s exceptional speed, open-source nature, and advanced capabilities to empower developers with a pivotal tool for AI hardware innovation to further accelerate the commercialization of AI across Europe.

In February 2025, French AI startup Mistral AI made headlines by topping France’s free app charts with the launch of Le Chat, its first AI model. This milestone not only disrupted the industry but also signified a major breakthrough for European technology in the global AI race.

The fully open-source application Le Chat processes 1,100 tokens per second (approximately 1,000 words), making it 13 times faster than ChatGPT. Its image generation capabilities surpass DALL·E, and it supports both iOS and Android. At the Paris AI Summit on February 10, Le Chat quickly became the focal point of industry discussions, reinforcing Europe’s growing influence in the AI landscape.

As a pioneer in the global smart technology industry, Tuya has been closely tracking the advancements and market dynamics of the European AI sector. Committed to deepening its presence in Europe, Tuya has established strong partnerships with leading European brands, such as Schneider, Danfoss, Hama, and Calex. By collaboratively building a smart hardware ecosystem, Tuya is introducing a new era of smart living to European consumers.

The rise of Mistral AI as a dark horse in the global AI industry underscores two core demands driving the European AI market: data security and AI hardware innovation.

Data security and compliance remain the primary barriers to AI commercialization in Europe. According to McKinsey, 73% of European consumers reject AI applications that involve cross-border data transmission due to privacy concerns. Following the European Union’s passage of the world’s most comprehensive AI legislation last year, which imposes strict regulations and prohibitions on AI deployment, Tuya has made long-term investments in privacy protection and ensures full compliance with regulatory frameworks such as the EU Artificial Intelligence Act. With the integration of Mistral AI, Tuya enables localized data collection, storage and processing, ensuring a closed-loop system that meets Europe’s stringent data security requirements.

Beyond security, European users are increasingly demanding AI hardware solutions with greater real-world applicability. According to the European Commission, the European AI hardware market is estimated to have grown 217% year-over-year in 2024. However, many small and medium-sized enterprises face barriers such as high development costs and complex technology integration, leading to a significant mismatch between supply and demand.

To address these market demands, Tuya Smart offers developers an efficient and flexible AI hardware development solution through its mature T-series modules and AI hardware development platform, enabling rapid AI hardware deployment. Moreover, the Tuya Cloud Developer Platform has attracted over 1.26 million developers and empowered more than 2,800 smart product categories, spanning the entire industry chain from manufacturers to distributors and agents. This ecosystem ensures that Tuya can fully meet Europe’s diverse AI hardware needs.

Furthermore, Tuya’s AI ecosystem extends beyond Mistral AI, integrating top global models such as DeepSeek, OpenAI, Claude, Gemini, and Nova. Through Tuya’s AI hardware development platform, developers can seamlessly integrate audio, video, image, and text processing capabilities with just one SDK, enabling customized, multi-model integration. Tuya’s open ecosystem not only lowers the barrier to AI hardware development but also provides European developers with more flexibility, empowering them to tackle diverse application challenges with ease.

The integration of Mistral AI’s first large model marks a significant milestone in Tuya’s expansion within the European AI ecosystem. This collaboration extends beyond a simple technical integration representing a strategic response to Europe’s evolving AI hardware development landscape. Looking ahead, Tuya will remain committed to data localization and an open ecosystem strategy, offering lower entry barriers and higher efficiency in AI hardware development for European developers to seize new opportunities in the AI-driven era.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, recently announced the full integration of its smart ecosystem with Google Home APIs. This partnership marks a significant advancement in the collaboration between Tuya and Google, addressing compatibility challenges in smart devices while offering end-users an enhanced, intelligent, and seamless living experience.

Unveiled at Google I/O 2024, the Google Home APIs streamline the development and integration of smart home devices. These advanced interfaces enable developers to efficiently create products that integrate seamlessly with Google Home. As an early access partner, Tuya collaborated with Google during the pre-launch phase, testing the APIs and providing valuable insights to developers globally.

This integration reinforces Tuya’s commitment to openness and neutrality, solidifying its position as a global leader in smart home ecosystems. By enabling its global customers to effortlessly connect with mainstream platforms like Google Home, Tuya is paving the way for a more connected and innovative smart future.

The partnership ensures that Google Home is fully compatible with all Tuya-enabled hardware, allowing users to create diverse intelligent scenarios where Tuya-enabled devices work seamlessly within the Google Home ecosystem.

A standout feature of this collaboration is the seamless cloud-to-cloud integration achieved through Google Home APIs. With this integration, users can quickly share multiple devices without the need for additional network configurations. The Tuya-enabled app can manage smart devices that are also accessible via the Google Home app. For example, controlling a Tuya-enabled smart cleaning robot is now effortless. Users can turn off the robot with a simple tap on either the Tuya-enabled app or the Google Home app, ensuring a convenient and unified experience.

The partnership between Tuya and Google demonstrates the success of Tuya’s open and neutral ecosystem strategy while creating new opportunities for manufacturers worldwide. Moving forward, Tuya will continue working with global ecosystem partners like Google to develop innovative smart products and solutions that drive industry growth and deliver exceptional smart living experiences for users around the world.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, has announced a partnership with Chery, a Fortune Global 500 automaker, during Chery's second Ecosystem Partner Conference of Ruixiang Life (Ruixiang Life is an ecosystem brand under Chery). The collaboration aims to create a smart cockpit, accelerate the integration of automotive and home ecosystems, and offer consumers unparalleled convenience and comfort in both travel and living spaces.

Car-Home Connectivity: Redefining the Future of Smart Spaces​

Chery, a pioneer in Chinese automotive technology and a trailblazer in export innovation, has consistently set benchmarks in the automotive industry. In 2024, Chery achieved over RMB 480 billion in revenue, representing a year-over-year increase exceeding 50%, and sold more than 2.6 million vehicles, securing its position as the top car exporter.

As a Fortune 500 company, Chery recognizes the critical importance of embracing expansion and innovation. With the rapid rise of AIoT, the convergence of smart environments has become an inevitable trend. Recognizing the growing integration of home and vehicle spaces in modern lifestyles, Chery has expanded its focus from the automotive domain to smart home ecosystems, aiming to establish a seamless car-home connectivity system that enriches the smart living experience for users.

In this context, Chery has chosen to collaborate with Tuya. Tuya is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Its extensive expertise and proven track record in the smart home sector make it the ideal collaborator to help Chery elevate the ecosystem connecting human, automotive and home.

Partnership Drives Smart Ecosystem Innovation​

During the conference, Chery and Tuya held an on-site signing ceremony to formalize the partnership. Leveraging Tuya's cutting-edge smart space solutions for passenger vehicles, the collaboration aims to establish an interoperable smart home system across brands, ecosystems, and devices enabling seamless communication between cars, in-car devices, and smart home systems.

Tuya's comprehensive product integration capabilities span all categories of hardware devices and flexibly support OEM/ODM allowing Chery to adapt to diverse lifestyle scenarios. For example, drivers can use a Tuya-enabled App on their car's infotainment system to control home devices in real-time. Before arriving home, users can activate pre-set scenes—adjusting lighting, air conditioning, and curtains—delivering an immersive and personalized lifestyle experience.

In addition to car-home connectivity, the partnership will expand to include smart living scenarios in real estate, communities, and hospitality. This comprehensive approach creates more comfortable and integrated smart spaces, helping Chery drive growth in the competitive automotive market.

Bingfeng Zheng, Assistant to the President and General Manager of the Spare Parts Boutique Business Unit at Chery, said, "The integration of smart cars and smart homes is a key focus for today's consumers. This collaboration between Chery and Tuya reflects our commitment to staying ahead of market trends. With Tuya's leading-edge cloud platform, networking modules, and robust development tools, Chery is poised to strengthen its leadership in the automotive sector while exploring diversified development opportunities."

Parvana Yu, Deputy General Manager of Travel Business Unit of Tuya Smart, said, "We are honored to collaborate with Chery, a company renowned for its deep industry expertise and global market influence. Chery's precision in identifying market trends and leveraging its robust channel system will enable Tuya to rapidly deliver high-quality solutions to a broader audience. Together, we aim to redefine the car-home connectivity landscape and drive the intelligent transformation of everyday scenarios."

Car-home connectivity is more than a technological advancement; it represents an exploration into future lifestyles. The partnership between Chery and Tuya accelerates the integration of human, automotive, and home ecosystems, setting new standards for smart living. Looking ahead, both companies will deepen collaboration, explore innovative scenarios, and enhance user experiences to lead the evolution of the smart living ecosystem.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, showcased its cutting-edge innovations under the theme "AI DIVE IN" at CES 2025. The initiative demonstrates how AI technology integration with hardware products and solutions can create smarter and more sustainable living environments while driving global technological innovation.

Guided by this theme, Tuya unveiled a series of smart solutions and platform capabilities across multiple domains, including AI, energy, and mobility. The presentations not only earned widespread acclaim from visitors but also inspired developers worldwide in the fields of AI hardware and application innovation.

One-Stop AI Development Platform Unlocks Innovation Potential​

At CES 2025, the Tuya Cloud Developer Platform unveiled major upgrades to empower developers in exploring the full potential of AI. By deeply integrating AI technology, the platform enhanced its core capabilities, including AI hardware development and AI Agent development, offering developers robust tools for efficient AI application creation.

In AI hardware development, Tuya transformed generalized AI capabilities from various models into eight essential AI scenarios: energy management, environmental control, communication and collaboration, home living, audio and video analysis, health and fitness, entertainment and education, and convenient mobility. Building on these scenarios, Tuya identified over 40 standardized capabilities for AI hardware, enabling seamless integration of advanced AI features in a plug-and-play manner. Furthermore, the platform's rapid hardware configuration tools allow developers to select the most relevant AI capabilities for any hardware category with ease.

For AI Agent development, Tuya integrated with major model providers such as Doubao, OpenAI, Gemini, Claude, Amazon Nova, Tongyi Qianwen, Kimi, and Yuanbao. Using the Tuya-enabled T3/T5 SOC zero-development modules and AI Agent development platform, developers can access all major models through a single SDK that unifies audio, video, image, and text processing. This enables developers to efficiently tackle all AI hardware development scenarios with just one SDK and a development board.

Tuya has also introduced various intelligent applications, including pet feeding assistants, fitness cheerleaders, AI dolls, and energy-saving MiniApps, offering developers diverse options for innovation. For instance, the fitness cheerleader features a virtual cat that encourages users during workouts. If users neglect their workout routines, the character might appear sad or even shed tears, creating a highly personalized and engaging experience.

Wi-SUN Communication Protocol Enables Smarter Connected Ecosystem​

At CES 2025, Tuya demonstrated its advanced connectivity capabilities, supporting a wide range of mainstream protocols such as Bluetooth, Wi-Fi, Zigbee, and Thread. Expanding further, Tuya also incorporated the Wi-SUN communication protocol, known for its long-range, excellent obstacle penetration, easy connectivity, and low-power consumption.

Wi-SUN excels in balancing distance and speed, making it an ideal choice for high-data-throughput applications such as smart metering, street lighting, and smart city projects. In London, Tuya enabled the deployment of 15,000 Wi-SUN connection nodes across street lighting and parking lot scenarios, achieving real-time remote management and seamless baseline upgrades, fully validating the feasibility of the Wi-SUN solution.

AI-Driven Smart Energy Management Solutions​

Energy conservation and carbon reduction are critical global challenges, and Tuya's smart energy management solutions aim to address these with AI-powered capabilities. At CES 2025, Tuya introduced new features such as AI energy insights, AI energy-saving practices, and AI bill optimization, helping users take control of their energy consumption.

Among them, AI energy insights help users understand potential energy usage patterns, clarify home energy consumption, and provide self-service energy configuration plans, allowing end-users to have comprehensive control over energy management. AI energy-saving practices, based on Tuya's advanced AI algorithms and smart technology, offer energy-saving log tracking and adaptive energy-saving strategies, ensuring users can enjoy smart and comfortable home living while achieving energy conservation and emission reduction. The AI bill guarding feature intelligently retrieves dynamic electricity price information from 700+ energy suppliers in 32 countries worldwide, helping home users achieve optimal energy storage and use, with energy-saving efficiency improvements of over 35%.

Smart Solutions for Sustainable Urban Mobility​

With the increasing awareness of environmental protection and the popularity of green low-carbon lifestyles, two-wheel vehicles are gradually becoming the preferred mode of travel. At this year's CES, Tuya showcased AI-powered green and low-carbon travel solutions. This solution is suitable for two-wheel vehicles like E-bikes, offering users a more efficient, safer, and personalized short-distance travel experience.

The solution provides advanced capabilities such as device basic information display, basic function control, BMS management, riding trajectory, riding navigation, and health detection, allowing end-users to view key information such as battery life and range in real-time. Meanwhile, the Tuya-enabled App integrates large models like smart customer service, vehicle manager, and riding assistant to provide users with comprehensive services. For instance, when end-users encounter vehicle issues, they can quickly obtain targeted solutions through the smart customer service large model within the App, ensuring a smooth and worry-free riding experience.

Tuya's CES 2025 showcase demonstrated how its smart solutions and AI development platform capabilities are redefining smart living. Looking ahead, Tuya will continue to be at the forefront of technological innovation, working with developers to let "AI DIVE IN", and jointly build a global smart ecosystem.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, has announced a strategic partnership with InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC)，during GITEX 2024. This partnership combines InfraX’s infrastructure expertise with Tuya’s innovative smart home technologies to deliver cutting-edge, integrated solutions for modern living.

InfraX Leads the UAE's Economic Diversification Through Smart Transformation​

The United Arab Emirates has been actively pursuing economic diversification to reduce its reliance on the oil industry. Dubai, the emirate with the lowest oil reserves in the UAE, is particularly focused on developing non-oil sectors such as the digital economy, re-export trade, and the financial industry.

In advancing its smart city initiatives, Dubai has implemented forward-looking policies, notably the "Dubai 10X Initiative," aimed at accelerating the intelligent development of Dubai's urban infrastructure. InfraX serves as the primary entity responsible for implementing this transformational plan.

As a key IoT service provider driving Dubai's digital economy, InfraX aims to establish Dubai as a model smart city. The company focuses on delivering advanced intelligent services such as solutions, network infrastructure, and managed services, systematically advancing the smart transformation of Dubai's utility and technology sectors.

InfraX has chosen to collaborate with Tuya. Tuya's efficient, stable, and reliable AI and cloud computing capabilities in the smart home and smart city can help Dubai and the UAE build a highly connected and sustainable smart city.

InfraX and Tuya to Build Smart Cities Together​

Through this collaboration, Tuya will provide InfraX with seamless and scalable smart home solutions that will accelerate the intelligent transformation of UAE cities and enhance residents’ quality of life.

At the hardware level, InfraX will leverage Tuya's rich ecosystem of smart devices to expand its range of smart home products, providing UAE users with broader options for creating connected home environments. On the software front, InfraX will implement Tuya's OEM App solution to achieve unified management and integration of home devices. Through the App, UAE users can view information related to smart products throughout the house and clearly monitor the on/off and operating status of smart devices, effortlessly creating their desired comfortable home environment.

Powered by Tuya's cloud developer platform, InfraX will help UAE users manage home energy consumption while precisely analyzing and optimizing energy usage patterns through intelligent systems. This will significantly reduce household energy consumption and daily operating costs, promoting a sustainable living practices among UAE residents.

Additionally, Tuya will also support InfraX in implementing the private deployment of the smart solution platform. With its dedicated platform, InfraX will be able to implement various value-added functions, including user operation and information analysis, and rapidly develop diverse applications. This will provide differentiated functional support across industries and scenarios, maximizing business value.

“We are delighted to enter this strategic partnership with Tuya. This collaboration is a significant step forward in our mission to deliver advanced infrastructure solutions and drive innovation in the smart home sector. By integrating Tuya’s leading AI, cloud computing and other smart technologies with our infrastructure expertise, we are set to offer groundbreaking solutions that enhance the quality of life and set new standards in home automation,” said Rashid Alahmedi, Chief Operating Officer of InfraX.

“Partnering with InfraX represents a tremendous opportunity to expand the reach of our smart home solutions. We are excited to work together to develop integrated solutions that offer unparalleled convenience, security, and efficiency for smart homes. This MoU signifies our commitment to pushing the envelope of smart home technology and delivering exceptional value to clients,” said Alex Yang, Co-Founder, COO and CFO of Tuya Smart.

The collaboration between InfraX and Tuya not only showcases the strong technological innovation capabilities of both parties but also provides significant momentum into the construction of smart cities and the intelligent transformation of Dubai and the wider UAE. Looking ahead, Tuya will continue to work with global developers to provide high-quality smart home solutions that exceed customer expectations, infusing more innovative vitality into the creation of a green and intelligent whole-house market.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, together with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group successfully held the 2024 Tuya Global Developer Summit in Dubai, UAE. Marking its debut in the Middle East, the summit facilitated collaboration with global industry thought leaders to impart visionary insights and practical expertise to developers, empowering them to harness boundless business opportunities within the AI era.

Themed "AI in All Sustainable Spaces," the summit committed to leverage Tuya's cutting-edge AI capabilities and beyond to drive the smart transformation of Dubai and the broader Middle East region with global developers, thereby expediting the creation of a more sustainable and intelligent urban environment.

Wenjin Mao, Commercial Representative, Office of Zhejiang Province in UAE (Middle-East), presented the opening speech. He commented, "In recent years, the 'Belt and Road' initiative has strengthened the economic and trade ties, as well as investment cooperation, between the Middle East and Zhejiang. The Tuya Global Developer Summit is setting up an even wider stage for businesses in the Middle East and worldwide, which is poised to drive tech innovation and industrial progress in the region, providing significant economic and social benefits. We eagerly anticipate more Middle Eastern enterprises using this summit as a networking hub and the annual Global Digital Trade Expo in Hangzhou every September as a formal gateway, to grasp the opportunities of our era and chart a new course in smart technology together."

AI Powers the Future, Steering Industry Evolution​

AI has emerged as a pivotal competitive edge for enterprises in their growth trajectory. Recent studies indicate a substantial surge in AI adoption by businesses worldwide over the past five years. By 2026, it is projected that a staggering 80% of global enterprises will integrate AI technology into their operations.

Alex Yang, Co-Founder, COO and CFO of Tuya Smart, delivered a keynote speech at the summit titled "AI for a Sustainable Future." He emphasized, "Currently, AI has been extensively integrated into a multitude of smart devices. The collective operation of these devices has the potential to drastically reduce energy consumption in buildings. For instance, our AI-enhanced Tuya HEMS system has been shown to help households cut their electricity expenses by over 35%. The interconnection of numerous smart spaces and devices contributes to the development of smart cities. To advance this process globally, we have established an AI Agent development platform. This platform enables developers to craft unique AI products and solutions, enriching everyday smart living experiences."

Eric Wan, General Manager of Middle East, Turkey & Africa, Alibaba Cloud Intelligence, spoke on the topic "Empowering Developers with Alibaba Cloud's Capability and Ecosystem." Wan noted, "To help developers further enhance their competitiveness, Alibaba Cloud has reduced cloud costs and utilized our cloud computing infrastructure and platform to assist developers in learning and practicing various emerging technologies, such as AI. As Alibaba Cloud continues to expand our business, we have developed a diverse range of ecosystems encompassing products, industries, regions, and education, which can provide a variety of services to numerous SMEs and help them generate more revenue. Tuya's technological capabilities in cloud computing and AI are well-recognized and can help enhance the capability of our platform. We look forward to collaborating with more innovative companies like Tuya to jointly promote technological advancement and business innovation across the industry."

Following the speech, Alibaba Cloud and Tuya co-hosted a launch ceremony, announcing their collaboration plan on the global rollout of Tuya IoT platform on Alibaba Cloud global marketplace. By seamlessly integrating Tuya's IoT platform with Alibaba Cloud's cloud infrastructure, the global partnership aims to provide developers with access to tools and resources to innovate in IoT, AI, and smart home technologies, thereby creating an open and collaborative ecosystem worldwide.

Junhao Zheng, Senior Cloud Development Engineer of Tuya Smart, spoke on "The Innovation Engine of the AI+IoT Ecosystem." Zheng explained, "AI and IoT are intrinsically linked; IoT provides a wealth of data for AI, while AI offers IoT sophisticated decision-making support to navigate complex, dynamic environments. Consequently, Tuya has merged these technologies to construct a cutting-edge cloud developer platform. This platform not only accelerates the development of smart products by developers but also equips smart devices with rich generative AI capabilities through our AI Agent development platform, effectively fueling product innovation and empowering developers to capitalize on market opportunities."

Dr. Kushnazarov Farruh, Senior Data Scientist at Alibaba Cloud, delivered a speech on "Reshaping Alibaba Cloud for the Generative AI Era" Dr. Farruh commented, "We are proactive in fostering open-source ecosystems, particularly in avant-garde fields like large language models and AI development, continuously contributing our expertise. With the advent of generative AI, we've augmented features such as information privacy and multilingual support to large language model applications, catering to the diverse demands of enterprises. In the future, we aim to collaborate with companies like Tuya to create more practical AI large model tools, setting the pace for new industry trends."

Rain Xing, Product Solution Architect Director at Ant Digital Technologies, spoke on "Riding the Digital Wave: How Super Apps and AI are Transforming Industries for the Future" Xing stated, "Our mPaaS mini-app platform is a comprehensive, end-to-end solution for mobile development, testing, operation, and maintenance, enabling customers to operate within their apps and cultivate an open business ecosystem. With AI enhancements, the mPaaS platform has gained the ability to autonomously generate mini-apps, AI-assisted development, AI digital avatars, and AI chatbots, significantly boosting work efficiency and service levels. We look forward to welcoming companies with robust AI capabilities, such as Tuya, to join us in exploring the boundless potential of AI technology, leading the industrial transformation of tomorrow."

AI-Enhanced Transformation: Redefining Smart Living Spaces​

The summit featured a roundtable discussion themed "AI in Smart Living Spaces", where Tuya engaged with industry trailblazers to delve into the cutting-edge trends and innovative applications of AI within residential environments. This session offered global developers profound industry insights and strategic guidance for future development, equipping them to seize market opportunities.

Dr. Nourhan N. Moussa, Director of Digital Transformation at MLG, commented, "At MLG, our mission is to forge sustainable and smart transportation and logistics solutions. Through extensive exploration in smart transportation, we've developed a suite of solutions that significantly aid cities in achieving intelligent management. Tuya's proficiency in AI technology in this domain is notable. We look forward to enhancing our collaboration with Tuya to drive innovation and practical applications in the realm of smart transportation."

Vivian Chen, CEO of Gallery Five Group, stated, "Our vision is to transform every aspect of the urban landscape into a vibrant artform and to be a catalyst for the evolution of urban living. To realize this, we champion innovative design and the sustainable development of urban spaces, blending art, technology, and environmental considerations. This approach not only enhances the city's aesthetic but also elevates the quality of life and happiness of its inhabitants. In the future, we aim to partner with Tuya to integrate cutting-edge technologies like AI into urban development, jointly exploring the vast potential of smart cities."

Propelling Smart Energy Management Forward: AI Unveils New Ventures​

Following the momentum, Tuya convened its second roundtable, centered on the theme "AI in Energy Management", where experts engaged in comprehensive discussions on AI, energy, and sustainability, guiding global developers in uncovering business potential.

Harvey Zhang, Director of Energy Solution at Tuya Smart, said, "AI is a pivotal force in driving the low-carbon transition of the energy sector. Tuya has enhanced its energy management platform. Utilizing AI models that predict power generation and consumption, this platform offers developers optimal energy scheduling recommendations for lighting storage and charging, effectively facilitating energy savings for households. Moreover, this solution enables precise energy management through the installation of intelligent devices such as water, electricity, and gas meters, and automates energy consumption management via sensor scene linkage, thereby assisting enterprises in reducing their energy expenses."

Watson Chai, Vice President and Board of Director at CNLIGHT, said, "In pursuit of the dual carbon goal, new industrial opportunities have arisen. We steadfastly embrace sustainable development by integrating smart lighting solutions with energy management technologies. With Tuya's support, our solutions maximize electricity savings for customers. As AI rapidly evolves, we are committed to incorporating it into our offerings, providing users with an enhanced, eco-friendly lighting experience."

Khaled Farekh, CEO of FASTNET, shared, "As a leader in smart home and building solutions in Saudi Arabia, FASTNET is dedicated to building automation and low current systems. To promote greener development for families and businesses, we are integrating AI into our energy management systems, enhancing the energy-saving capabilities of our solutions. The summit showcased Tuya's excellence in energy technology, and we look forward to collaborating with Tuya to accelerate global sustainable development."

The 2024 Tuya Global Developer Summit (Middle East) highlighted Tuya's advanced AI technology and its strategic commitment to the global smart market. Moving forward, Tuya will continue to partner with developers worldwide to pioneer AI-driven products and solutions in energy management and smart homes, paving the way for a more intelligent, efficient, and sustainable lifestyle for all.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, made an impressive appearance at GITEX GLOBAL 2024 under the theme of "AI in All Sustainable Spaces," captivating a diverse audience. As one of the world's premier and most impactful technology exhibitions, GITEX GLOBAL 2024 convenes top technology innovators, industry leaders, academic scholars, and developers to explore the boundless potential of cutting-edge domains such as artificial intelligence, smart cities, and sustainability.

Tuya Smart showcased a suite of innovative AI products and solutions, not only offering developers a premier platform for technological creativity but also significantly accelerating the integration of spatial intelligence in Middle Eastern urban landscapes. This proactive approach is propelling the evolution of future living towards a more intelligent and eco-friendly trajectory.

Tuya Cloud Developer Platform Delves Deep into Generative AI​

At GITEX GLOBAL 2024, Tuya's cloud development platform, which fully integrates AI, garnered substantial attention from the on-site audience. The platform serves as an open hub for cloud capabilities, housing over 1,000 Open APIs. These APIs encompass the full spectrum of device lifecycle management, data analytics, and intelligent scene enablement essential for the development of smart applications.

In line with the swift advancement of generative AI, Tuya has crafted a novel AI Agent development platform based on a cloud-native AI technology architecture. This platform equips developers with a wealth of AI standard capabilities and development tools, enabling them to efficiently develop and debug solutions that address myriad practical needs in real-world application scenarios.

Taking the App AI smart agent as an example, it empowers developers to facilitate AI smart control, information retrieval, and swift configuration for end-users through intuitive and seamless dialogue. By offering professional insights and creating and executing scene linkages, it enhances the "intelligence" level of smart products, transforming each into a true assistant for the user's daily life.

For instance, pet products equipped with the App AI smart agent can monitor pet feeding in real-time and provide pet owners with precise feeding recommendations. Simultaneously, they can capture and share endearing moments of pets at play, allowing pet owners to experience their pets' joy at any time and from anywhere. Should any abnormal behavior in pets be detected, the smart agent can promptly offer diagnostic advice to ensure the ongoing well-being of the animals.

Crafting Comprehensive Smart Energy Solutions to Propel Green Transformation​

As the world approaches peak oil consumption and faces escalating environmental challenges, the Middle East is proactively seeking to reshape its energy landscape. The aim is to reduce its over-reliance on the oil sector and pave the way for sustainable development. Aligning with this shift, Tuya is committed to harnessing cutting-edge technologies such as AI, empowering customers to construct diverse energy management scenarios and expediting the green transformation of the Middle East.

At the event, Tuya exhibited a suite of innovative energy solutions, including the Home Energy Management System (HEMS), Building Energy Management System (BEMS), Smart Parking Lot Lighting Solution, and Smart Energy Metering. The company also shared real-world applications of these solutions across various sectors, such as manufacturing and commerce.

The HEMS, for instance, exemplifies a holistic energy solution. It integrates intelligent devices like energy screens, data acquisition sticks, and energy gateways to establish a unified energy device connectivity platform. This enables household users to manage energy comprehensively, from generation and distribution to storage and consumption, substantially reducing energy usage and costs. Additionally, leveraging the pre-integrated AI capabilities and EMS management system of the Tuya Cloud Developer Platform, customers can seamlessly achieve the interconnection of "new energy and smart home," delivering a greener, more efficient, economical, and comfortable user experience.

Among these, the Tuya-enabled energy screen shines brightly at GITEX GLOBAL 2024. Serving as a central hub for home energy monitoring, it not only provides a clear snapshot of the household's energy flow throughout the day but also offers end-users in-depth insights into their energy consumption patterns through detailed data analytics.

Moreover, Tuya introduced the BEMS, a sophisticated solution that integrates building performance management with carbon reduction efforts. Designed to enhance building energy efficiency and foster sustainability, BEMS utilizes a color-coded system in line with international standards, such as those set by the Building and Construction Authority of Singapore. This system visually represents building performance status through colors like green, amber, and red, enabling customers to swiftly evaluate and refine their energy usage.

The core functionalities of Tuya's BEMS include the measurement of carbon footprints, planning for carbon emissions, automating reduction strategies, and providing comprehensive carbon emission reports. By integrating multiple AI models, the system operates round the clock to identify points of energy waste and offers targeted optimization recommendations. With real-time trend analysis and historical data comparisons, customers gain a clear understanding of changes in their energy consumption patterns.

Pioneering the Intelligentization of Spaces to Forge a New Reference of Smart Cities​

In recent years, Middle Eastern nations such as the UAE and Saudi Arabia have been at the forefront of the smart city movement. For instance, Saudi Arabia's "Vision 2030", unveiled in 2016, outlines an ambitious plan for constructing expansive smart cities. Once completed, these new urban developments will be powered entirely by renewable energy and will incorporate a variety of state-of-the-art intelligent technologies, painting a picture of an ideal future urban landscape.

To bring this grand vision to life, the concept of spatial intelligence has emerged as a critical phase. Spatial intelligence, as its name implies, involves the application of smart technologies within spatial environments. It aids urban managers in gaining a more precise understanding of a city's operational status, optimizing resource allocation, and markedly enhancing the efficiency and service levels of urban management.

Tuya boasts significant expertise and a wealth of practical experience in the realm of spatial intelligence, particularly in the trio of core elements: connectivity, interaction, and ecosystem, where it holds unique advantages. At GITEX GLOBAL 2024, Tuya presented an array of smart solutions designed to steer the future trajectory of spatial intelligence and to craft a more comfortable living environment for users across the Middle East and beyond.

In the domain of smart communities, for example, Tuya introduced a comprehensive suite of innovative smart security solutions. These are tailored to address a variety of scenarios including intrusion alarms, childcare and eldercare, as well as fire and flood warnings in residential and small to medium-sized commercial settings, thereby providing users with a thorough solution to their diverse security needs.

Users can personalize and install alarms, sensors, and cameras, connect and configure these devices via a mobile app, and benefit from cloud-based video storage and round-the-clock cloud alarm monitoring services. In the event of emergencies detected by sensors or cameras, such as fires, break-ins, or life safety SOS situations, users are immediately alerted via app messages or email notifications. If an alarm is not addressed within 60 seconds, the system automatically forwards the alarm and associated video footage to the user's authorized cloud-based alarm center for swift action against security threats.

Moreover, smart street lighting is a pivotal component in urban areas. Tuya's smart street light solution has revolutionized street light management through the integration of wireless control technology and 4G gateways.

This solution leverages a 4G gateway for primary control communication, enabling wireless remote management for LED lighting fixtures equipped with Zigbee NEMA or Zhaoga nodes. Additionally, the 4G gateway can establish and manage a mesh network of up to 100 nodes, with a coverage area exceeding one kilometer. Management personnel can monitor the operational status and energy consumption of street lights in real-time via terminal devices and adjust brightness and on/off schedules with ease.

With its array of innovative products and solutions, Tuya has unveiled a glimpse into the future of technology for developers worldwide, sparking further inspiration and creativity. Moving forward, Tuya is committed to deepening its exploration and application in cutting-edge fields such as AI, collaborating with global partners and customers to contribute to a smarter and more sustainable world.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud developer platform service provider, will present its latest AI-driven products and solutions at GITEX GLOBAL 2024 in Dubai, United Arab Emirates, from October 14th to 18th.

As the economic epicenter and a beacon of technological innovation in the Middle East, Dubai has made significant strides in fostering AI adoption in recent years through the implementation of incentivizing policies. The city strives to transform into a "future city," with AI at its core, and a smart city as its blueprint. Aligning with this vision, GITEX GLOBAL 2024 has embraced the theme "AI Everything," uniting technology innovators, AI developers, data scientists, government leaders, and industry experts from diverse sectors to harness the potential of AI and propel the region's industrial progress.

Embracing this ethos, Tuya has selected "AI in All Sustainable Spaces" as its exhibition theme. By leveraging its groundbreaking technological prowess in AI and related domains, Tuya aims to collaborate with global developers to enhance spatial intelligence in Middle Eastern cities, notably Dubai, thereby accelerating the development of sustainable smart cities.

Revolutionary AI-driven, Diverse, and Innovative Products and Solutions​

The Middle East has embarked on a journey of economic diversification and smart transformation, with AI serving as a key technology that provides critical support and acceleration.

For instance, Saudi Arabia's "Vision 2030" strategy has catalyzed significant investments into intricate smart city initiatives. A PwC report forecasts that by 2030, AI will contribute nearly 14% to the UAE's GDP and 12.4% to Saudi Arabia's, underscoring the immense market potential in the region.

Capitalizing on these vast prospects, Tuya aims to further propel the AI transformation in the Middle East by introducing an array of AI-driven products and solutions spanning smart commercial, smart travel, and smart community applications. These include intelligent parking lot lighting solutions featuring AI-enabled seamless debugging and low-carbon sports initiatives powered by AI, among others. These groundbreaking solutions not only enhance the intelligence of urban spaces but also significantly enrich people's daily lives, while inspiring creative ideas among global developers.

Multiple Energy-saving Solutions to Create Smart and Sustainable Spaces​

Amidst the relentless urbanization in the Middle East, the region's burgeoning population underscores the urgency to mitigate emissions. In light of mounting environmental challenges, Middle Eastern nations like Saudi Arabia and the United Arab Emirates have embarked on a mission to redefine their energy development goals, striving to expedite the transformation of their energy landscape.

In line with this transformative trend, Tuya remains at the forefront of AI innovation, poised to introduce a comprehensive suite of AI-driven energy solutions. These encompass Tuya's solar storage energy management systems, building energy management systems, and campus energy solutions, among others. By harnessing intelligent, efficient, and eco-friendly technologies, Tuya aims to propel various urban spaces towards a low-carbon, sustainable future, fostering a greener, more resilient environment for all.

TUYA Global Developer Summit in the Middle East Region​

In addition to showcasing innovative solutions and products, Tuya will also hold the 2024 TUYA Global Developer Summit (Dubai) during GITEX GLOBAL 2024. Jointly orchestrated by Tuya and Alibaba Cloud, this event serves as a key platform for global developers to delve into and share the latest advancements in AI technology applications.

Tuya has the distinct honor of inviting industry leaders from Alibaba Cloud, Dubai Electricity and Water Authority, McKinsey, and MLG to shed light on the latest AI industry trends, enabling developers to capitalize on the global AI market. With the guidance of these prominent figures, numerous business collaboration opportunities will arise, giving a new boost to the smart industry's continuous development.

GITEX GLOBAL 2024 undoubtedly brings unprecedented development opportunities for Tuya, global developers, and major manufacturers. Through in-depth exchanges on the application of AI technology, participants will be inspired with infinite creative sparks, gradually promoting the deep integration and collaborative development of the global technology ecosystem, and jointly achieving the rapid construction and development of global smart cities.

Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, exhibited at IFA 2024 under the theme of "Sustainable Innovations for AI." The company aimed to demonstrate the integration of AI and other emerging technologies into innovative solutions, fostering smarter, more eco-friendly, and low-carbon smart living scenarios for developers worldwide, thereby reinforcing the momentum towards a comprehensive blueprint for global sustainable development.

In keeping with this theme, Tuya unveiled an impressive array of smart solutions and products spanning AI, energy, transportation, and beyond at IFA 2024. These displays garnered high acclaim from attendees and provided fresh inspiration for future innovations by global developers.

AI Agent Development Platform: Creating Diverse Intelligent Scenarios​

Amidst the digital tide of globalization, AI is leveraging its formidable data processing, analytical, and predictive prowess to emerge as a key force driving industrial transformation and spearheading the evolution of the global marketplace. According to a Precedence Research report, the global AI market is expanding rapidly, and is projected to surge to $159.03 billion by 2030, fueled by a remarkable compound annual growth rate of 38.1%.

Recognizing this immense potential, Tuya has proactively embraced AI and unveiled a cutting-edge AI Agent development platform, rooted in Tuya's expansive open ecosystem and profound expertise in AI project development. This innovative platform boasts flexible development methodologies and a vibrant model ecosystem, enabling developers to craft AI agents tailored to diverse categories, adaptable to various application scenarios, and personalized to resonate with individual brand identities.

Leveraging AI agents, developers now enjoy a revamped and intelligent development process. They can effortlessly and swiftly embed AI models into a wide array of hardware products, including robots, speakers, headphones, glasses, and more, while also seamlessly integrating them into smart applications, enabling the construction of virtually any envisioned smart living scenario.

Tuya’s AI Agent development platform has extended AI's reach into eight core application scenarios: home energy-saving, creating comfortable spaces, pets and lifestyle, security protection, sports and health, entertainment and education, convenient travel, as well as communication and efficiency. This comprehensive coverage spans nearly all categories of smart products.

The Company has also developed a diverse array of AI-driven applications based on this platform, including AI-powered pet MiniApps, AI energy-saving MiniApps, and comfortable space MiniApps, among others. These applications are seamlessly accessible and ready for immediate use, profoundly enriching consumers' daily lives and experiences.

The AI energy-saving MiniApps have ushered in a new era of functionality by ingeniously fusing AI's vast capabilities with energy-saving and eco-friendly mini-programs.

These AI energy-saving MiniApps engage users in real-time conversations, deeply understanding their energy-saving demands. Furthermore, they autonomously learn and refine energy-saving tactics, factoring in real-time electricity pricing, storage capabilities, indoor and outdoor conditions, as well as user behavior patterns. This holistic approach enables them to offer users comprehensive electricity consumption insights and tailored energy-saving recommendations, ultimately maximizing savings on electricity bills.

Upon reaching a predetermined threshold of energy consumption within the household, the MiniApp promptly alerts users with home energy consumption warnings, encompassing off-peak electricity reminders and equipment shutdown alarms, thereby guarding against excessive energy usage. These AI energy-saving MiniApps can effectively reduce households' electricity consumption by 20% to 30%.

Home Photovoltaic Energy Management Solution: Unleashing Balcony Energy Storage Potential​

As a result of the European energy crisis, households across the region have been significantly impacted by soaring electricity prices and energy shortages, prompting the integration of low-carbon and energy-saving practices into their daily routines, including the adoption of household energy storage solutions and other devices. According to a recent survey by Wood Mackenzie, the cumulative deployment of residential energy storage capacity in Europe is projected to surge fivefold, attaining 6.6 GWh by 2024, positioning it as the world's largest market for household energy storage.

To help global developers capitalize on emerging business opportunities, Tuya has thoroughly refined and enhanced its home light storage energy management solution. The upgraded home solar energy storage management solution now incorporates a dynamic electricity price management feature, allowing users to precisely navigate electricity price fluctuations while offering them comfortable and cost-effective electricity consumption strategies. This creates a seamless energy-saving ecosystem for users, simplifying and streamlining daily energy conservation efforts.

Furthermore, the solution extends household energy management to balconies, leveraging balcony photovoltaic equipment to harness solar energy for daily consumption, fine-tuning the output through energy storage batteries and dynamic electricity pricing tactics, thereby fostering household energy conservation. Meanwhile, Tuya-enabled metering sockets enable customers to help users with real-time visibility into energy consumption dynamics, facilitating energy optimization.

To enhance user understanding of energy consumption status, Tuya’s Home Solar Energy Storage and Management Solution incorporates an energy screen. This feature provides end-users with a clear overview of their home's energy flow, simplifying and expediting energy management processes.

AI-driven low-carbon travel solutions: Establishing a new trend in eco-friendly and health-conscious travel​

To align with the European Commission's "European Green Deal" target of achieving carbon neutrality by 2050, a 90% reduction in transportation-related carbon emissions in Europe is imperative. However, emissions from transportation modes like automobiles and aviation continue to rise, requiring the urgent adoption of innovative sustainable transportation strategies to mitigate the carbon footprint of daily commutes.

In response, Tuya presents AI-powered low-carbon travel solutions, a cycling-centric approach that integrates low-carbon sports, intelligent connectivity, and AI-driven assistance, tailored for two-wheeled vehicles like E-bikes. This solution aims to revolutionize transportation and contribute to the reduction of carbon emissions.

At the hardware level, Tuya innovatively fuses core components including E-bike instruments, electronic controls, batteries, and VCUs with vehicle networking technology, creating a comprehensive and highly intelligent E-bike core electrical system. This system alleviates end-users' concerns regarding carbon emissions associated with two-wheeled vehicle usage. Additionally, with an independently crafted high-strength geometric frame, Tuya enables customers to realize a 4G fully intelligent E-bike, fostering low-carbon and eco-friendly commuting.

At the software level, Tuya introduces an app incorporating AI models. This app empowers E-bikes with intelligent Q&A services, addressing vehicle-related queries promptly. In case of malfunctions, the built-in intelligent AI customer service within the app offers swift solutions, ensuring hassle-free rides. Furthermore, the app facilitates real-time remote adjustments, precise positioning and navigation, smart assistance, and robust anti-theft mechanisms. It also conducts thorough vehicle inspections, enhancing end-users safety and overall smartness of their E-bikes.

Additionally, Tuya presents an ecosystem solution that fosters seamless interconnectivity between people, cars, and homes. This solution enables customers to establish a universal smart home system that adopts multiple brands, ecosystems, and different devices, facilitating seamless integration between vehicles and smart homes. Leveraging the car's automatic voice recognition feature, users can effortlessly command a myriad of Tuya-powered smart devices within their abode, such as floor-cleaning robots, air conditioners, curtains, lighting fixtures, and doorbells. This creates an immersive and interconnected living experience, seamlessly blending people, cars, and homes into a cohesive intelligent ecosystem.

Smart Parking Lot Lighting Solution: Leading the AI debugging-free era of lighting​

Tuya's smart parking lot lighting solution unveiled a significant upgrade, introducing an AI-powered adjustment-free function. This innovative feature enables the solution to intelligently perceive environmental and dynamic variations in lighting fixtures, autonomously adjusting to optimal lighting conditions tailored to end-users needs, without manual intervention.

Moreover, the smart parking lot lighting solution supports Bluetooth Mesh protocol, enabling swift deployment of "plug and play" lighting features in a network and gateway-agnostic environment. This streamlines the installation process, enhancing customers' construction efficiency by 95%, ushering in a new era of seamless and efficient smart lighting solutions.

The smart parking lot lighting solution boasts robust remote control capabilities, allowing customers to effortlessly adjust individual or grouped lighting configurations via mobile apps, web-based management platforms, and open system API interfaces. This flexibility ensures seamless local sensing integration and AI lamp synchronization within groups, catering to the diverse lighting demands of the market.

Furthermore, the solution is enriched with advanced cloud functionalities, leveraging precise energy consumption algorithms and measurement capabilities to achieve granular energy management and analysis down to the level of individual lamps. The platform also provides a comprehensive suite of tools, including project overviews, energy consumption, and carbon emission analysis, equipment asset management, and anomaly alarm notifications, enabling enterprises to effectively minimize electricity consumption and operational costs associated with lighting. The adoption of smart parking lot lighting solutions can lead to energy savings of at least 80%, underscoring their substantial financial and environmental benefits.

It is noteworthy that during the grand opening of IFA 2024, Tuya organized the Tuya Connect event, a gathering of esteemed partners and industry leaders from Europe and beyond, aimed at fostering enhanced communication, exchanging insights, and collaboratively charting new business avenues. The event showcased Tuya's commitment to fostering sustainable energy development, as evidenced by the invitation of two esteemed guests from the energy sector—Matt Roderick, Head of Markets at FlatPeak, a market leader at the global data and energy intelligence platform, and Danny Jennings, Chief Revenue Officer at equiwatt, a pioneering UK climate technology firm. Together, they delved into optimizing real-time energy pricing and harnessing smart technology for cleaner energy sources, offering business partners practical, low-carbon, and energy-efficient strategies that align economic prosperity with environmental stewardship.

Moreover, on September 9th, Tuya will host the highly anticipated 2024 Tuya Smart Global Developer Summit, convening industry leaders to analyze the forefront of AI advancements in the smart industry, guiding developers in navigating their technological trajectories, and bolstering their market competitiveness.

Tuya's innovative solutions were showcased at the IFA 2024, igniting the imaginations of global developers with the latest technological perspectives and fueling their passion for exploring realms such as smart home furnishings and energy efficiency. Looking ahead, Tuya remains steadfast in its pursuit of innovation, poised to introduce an array of AI-powered, energy-saving solutions and products to developers worldwide, thereby jointly promoting a new chapter of smart living and sustainable development.

Tuya Smart (NYSE: TUYA, HKEX: 2391), the leading global cloud platform service provider, has been selected for Gartner's prestigious "Hype Cycle for Smart City and Sustainability in China, 2024" for the third consecutive year. This recognition highlights the maturity and potential of smart city and sustainable development technologies, as well as their significant market impact.

Eva Na, Vice President of Marketing and Strategic Cooperation, and CMO of Tuya Smart, expressed her delight at this achievement. "This accolade not only validates our technological prowess and industry influence, but also affirms our commitment to advancing smart city construction in China. As we navigate the complexities of technological progress, Tuya will continue to lead the way in addressing weaknesses in smart city infrastructure, bolstering AI and cloud computing capabilities, and introducing innovative solutions that propel cities towards a greener, smarter future."

Empowering the Transformation Towards Future Smart Living​

Gartner's "Hype Cycle for Smart City and Sustainability in China, 2024" report underscores the pivotal role of IoT, generative AI, data center networks, and cloud platforms as the cornerstone of smart city development. These technologies empower cities to streamline resource and service management, adeptly tackle intricate urban challenges, and ultimately, foster a transformed urban environment that significantly enhances the quality of life for its inhabitants.

At the forefront of this transformation, Tuya remains steadfast in its commitment to pioneering innovative solutions tailored for diverse urban settings. From traffic optimization to smart streetlights, community enhancements, office automation, and supermarket efficiency, Tuya's solutions have been seamlessly integrated into these scenarios, revolutionizing urban management and service delivery. As a result, the company has significantly contributed to the improvement of people's quality of life, setting the pace for the future of smart cities.

For instance, Tuya enables developers to craft smart streetlight solutions that encompass intelligent control, centralized management, automation, energy conservation, comprehensive data monitoring, and efficient operation and maintenance, elevating the management standards of lighting facilities. Through the intuitive energy consumption dashboard, users can instantly grasp the energy usage of streetlights, ensuring reliable data support and bolstering the energy-saving effectiveness of these vital urban infrastructures. Furthermore, Tuya's smart lighting strategy intelligently adapts to varying traffic patterns, automatically adjusting light intensity to cater to the needs of vehicles and pedestrians, thereby providing a more comfortable and energy-efficient lighting experience.

Complementing streetlight advancements, smart communities are emerging as a cornerstone in the smart city landscape. Leveraging the cloud developer platform, Tuya facilitates a seamless smart upgrade across diverse scenarios within communities, encompassing smart homes, parking lots, access control, and elevator management. This comprehensive approach ensures a seamless transition from individual home intelligence to an overarching smart community, enhancing property management and fostering innovation in real estate development.

As a pioneer in the smart industry, Tuya plays a pivotal role in the construction of smart cities. Harnessing the formidable momentum of cutting-edge technology, Tuya relentlessly propels cities towards unprecedented levels of efficiency and intelligence. This relentless pursuit not only fosters a quantum leap in urban development but also significantly elevates the quality of life for residents, marking a dual triumph for the future of smart cities.

Empowering with Smart Energy Solutions, to Shape the Blueprint for Sustainable Development​

Since the adoption of the United Nations' 2030 Agenda for Sustainable Development in 2015, nations and businesses worldwide have embraced the challenge of addressing climate change and environmental degradation, actively engaging in conservation efforts and advancing towards sustainable development. In this global pursuit, low-carbon and energy-efficient practices have emerged as paramount priorities across industries.

Recognizing this imperative, Tuya has been at the forefront of innovation, leveraging emerging technologies like AI and cloud computing to devise groundbreaking solutions that enable enterprises in their energy conservation and emission reduction endeavors. In the energy sector, Tuya's building energy management system stands as a testament to this commitment. By establishing carbon emission models and offering tailored energy-saving strategies, this system enables customers to optimize the energy efficiency of their buildings, thereby reducing operational costs and contributing to a greener future.

In the realm of household energy, Tuya has crafted a home energy management system that revolutionizes energy monitoring for households. This system offers a seamless visualization of energy info encompassing lighting, storage, charging, and consumption, significantly minimizing energy waste and household expenses. Currently, Tuya's home energy management systems have garnered widespread adoption across markets in Europe and Southeast Asia, yielding remarkable outcomes. Notably, in Singapore, Tuya-enabled energy-saving kits have demonstrated an average energy savings of 25%, with exceptional households achieving a stunning 54% reduction in monthly electricity consumption.

Underscoring its commitment to global sustainable development, Tuya has officially joined the United Nations Global Compact (UNGC) this year, pledging its full support for the organization's global action plan. This move signifies international recognition of Tuya's steadfast dedication to fulfilling its social responsibilities and opens up new avenues for the company to contribute meaningfully to sustainable development initiatives through active participation in discussions and practical implementations addressing key sustainability challenges.

It is noteworthy that Tuya has garnered recognition in various Gartner reports this year, including the "Emerging Tech: Top Trends in Embedded AI Smart Home Products", "Emerging Technology Horizon for Devices", and "Emerging Tech Impact Radar: Personal Technologies", among others. This underscores Tuya's profound expertise and remarkable prowess in integrating AI technology, constructing smart home ecosystems, and pioneering innovative device developments.

As a industry leader, Tuya's inclusion in multiple Gartner reports this year serves as a testament to its relentless pursuit and exceptional achievements in the realms of smart cities and sustainable development. Looking ahead, Tuya will continue to collaborate with intelligent enterprises, to expedite the manifestation of the alluring vision of smart cities and sustainable development, painting a vibrant picture for humanity's future.