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HIHOBullishCorporate Developmentsnews

High materiality7/10

HIHO signs LOI to enter energy storage JV with Huahu

Jul 22, 2026, 9:11 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The LOI signals a potential material shift for HIHO: entry into the high-growth BESS market, improved factory utilization, and access to new geographies. While non-binding, a signed definitive agreement could translate into revenue and margin uplift; dilution risk exists from milestone-based restricted-share issuance.

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What happened, with direct paths to the underlying reporting

Highway Holdings enters a non-binding LOI with Guangdong Huahu New Energy to combine Huahu’s Wowtiger energy storage tech with HIHO’s global manufacturing and European footprint. The proposed Hong Kong JV would be 57% HIHO and 43% Huahu with US$3.5 million initial funding, including equity issuance tied to milestones. If finalized, the venture could lift factory utilization and accelerate BESS-related revenue growth, but certainty hinges on definitive agreements and approvals.

HIHO signs LOI with Huahu to pursue energy-storage JV.
JV ownership would be 57% HIHO, 43% Huahu; initial US$3.5M.
Exclusive SKD rights for Germany, Italy, US, and some S. American markets.
Non-binding; definitive agreements targeted within ~1 month; due diligence ongoing.

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