Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 56

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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    ●
    We
    hired a Vice President of Artificial Intelligence, who has 15+ years in fintech, insurance, and entertainment, to lead Transcend
    AI Labs, accelerating our AI-first strategy in asset finance.

    ●
    We
    announced the go-live of our Transcend Finance platform for the Australian operations of a leading Japanese equipment finance company,
    building on our existing partnership in New Zealand and enhancing their regional operations with additional digital self-service
    solutions.

Management
has identified the following material trends affecting NetSol.

Positive
trends:

    ●
    According
    to S&P Global Mobility, the forecast for new vehicle sales worldwide in 2025 is 89.6 million units, which is a modest 1.7% year-over-year
    growth in light vehicle sales.

    ●
    According
    to S&P Global Mobility and Edmunds, the US automotive sales of new vehicles in 2025 are expected to be around 16.2 million units,
    which is a 1.2% to 1.4% increase from 2024. This would be the highest annual sales figure since 2019.

    ●
    
    The
    annual inflation rate for the U.S. was 2.4% for the 12 months ending March 2025. (USinflationcalculator.com)

    ●
    The
    U.S. market remains strong and resilient for NetSol to continue investing in building local teams for its core offerings.

    ●
    According
    to recent forecasts, China’s auto sales in 2025 are expected to reach approximately 32.9 million units representing a 4.7%
    year-over-year increase. (China Automobile Manufacturers Association)

    ●
    The
    China Pakistan Economic Corridor (CPEC) investment, initiated by China, has exceeded $65 billion from the originally planned $46
    billion, in Pakistan’s energy and infrastructure sectors. In June 2024, China authorized a new $2.3 billion loan at a discounted
    rate to Pakistan as a short-term loan.

    ●
    
    The
    overall size of the mobility market in Europe and the United States is projected to increase over $425 billion combined, by 2035
    or a compound CAGR of 5% from 2022. (Deloitte Global Automotive Mobility Market Simulation Tool)

    ●
    
    The
    global automotive finance market accounted