Highway Holdings Signs JV Agreement With Guangdong Huahu New Energy; To Commit $2M In JV Funding; Sees Sales And Profit Contribution, Including From New Components Business
Huahu is a China-based manufacturer of battery energy storage systems marketed under the Wowtiger brand.The companies expect to officially form Huahu International New Energy Technology Company Limited, a Hong Kong
Highway Holdings is joining forces with a Chinese battery company and putting in $2 million to help sell energy storage products together. This is a bet that the partnership will bring in sales and profits, but it's new so results aren't guaranteed 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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