HIGHWAY HOLDINGS SIGNS MASTER AGREEMENT FOR FORMATION OF MAJORITY-OWNED ENERGY STORAGE JOINT VENTURE WITH WOWTIGER BRAND OWNER HUAHU
Highway Holdings announced it has signed the master agreement for a majority-owned energy storage joint venture with Guangdong Huahu New Energy Technology Co., Ltd., the owner of the Wowtiger brand, following the letter of intent announced on July 22, 2026. The move expands the company into the energy storage market and creates a platform for shifting toward a product business while extending its OEM operations and increasing factory utilization.
Why it matters — A HIHO watcher would care because this agreement formalizes the company's entry into the energy storage market and outlines a strategic shift toward a product business alongside its existing OEM operations.