Highway Holdings Inks Letter Of Intent With Guangdong Huahu New Energy Technology To Integrate Guangdong's Products And Technology With Highway Holdings' Global Production Capabilities
Highway Holdings Limited (NASDAQ:HIHO) today announced that it has signed a letter of intent ("LOI") with Guangdong Huahu New Energy Technology Co., Ltd. ("Huahu"), a China-based manufacturer of battery
Highway Holdings is planning to work with a Chinese battery company to combine their strengths—one brings tech, the other brings worldwide factories. This shows the company is trying to grow in the energy business, but it's just a first step, not a final deal yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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