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Highway Holdings signs LOI with Huahu for 57%-owned Wowtiger energy storage joint venture

PUBT·07/22/2026 13:09:21
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Highway Holdings signs LOI with Huahu for 57%-owned Wowtiger energy storage joint venture
  • Highway Holdings signed an LOI with China’s Guangdong Huahu New Energy to form a majority-owned battery energy storage joint venture.
  • Planned Hong Kong venture targets initial contributions of USD 3.5 million; Highway Holdings to invest USD 2 million for a 57% stake.
  • Huahu to contribute USD 1.5 million in products and technology, gaining 43% ownership; venture to market Wowtiger-branded systems.
  • LOI grants exclusive SKD manufacturing, marketing, distribution rights for Germany, Italy, the US, certain South American markets.
  • Deal includes potential restricted share issuances to Huahu tied to milestones, capped at 500,000 shares, with a two-year transfer restriction.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highway Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607220908PR_NEWS_USPR_____CN10035) on July 22, 2026, and is solely responsible for the information contained therein.