Highway Holdings signs master agreement to form 57%-owned energy storage JV with Huahu

Reuters2026/08/10 11:04

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Highway Holdings signed a master agreement to form a Hong Kong energy storage joint venture with Wowtiger brand owner Huahu.
Planned entity, Huahu International New Energy Technology, is expected to be formed within 30 days; Highway holds 57%, Huahu 43%.
Initial contributions valued at about USD 3.5 million, including USD 2 million cash from Highway and USD 1.5 million in products and technology from Huahu.
Joint venture gets exclusive rights to market and distribute Wowtiger battery energy storage systems in Germany, Italy, the US, selected South American markets.
Structure includes up to 400,000 restricted Highway shares for Huahu tied to formation and European milestones; SKD manufacturing is under evaluation.

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: 202608100700PR_NEWS_USPR_____CN22381) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Highway Holdings signs master agreement to form 57%-owned energy storage JV with Huahu

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