---
title: "Highway Holdings signs LOI for 57%-owned energy storage joint venture with Huahu"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293797195.md"
description: "Highway Holdings signed a non-binding LOI with Guangdong Huahu New Energy to form a USD 3.5 million battery energy storage joint venture. Highway will contribute USD 2 million for a 57% stake, while Huahu contributes technology and products for 43%. The venture holds exclusive SKD rights in Germany, Italy, and the U.S. The deal includes potential share incentives tied to milestones, with definitive agreements targeted within one month."
datetime: "2026-07-24T20:57:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293797195.md)
  - [en](https://longbridge.com/en/news/293797195.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293797195.md)
generator: "portal-rs"
---

# Highway Holdings signs LOI for 57%-owned energy storage joint venture with Huahu

-   Highway Holdings signed a non-binding LOI with China’s Guangdong Huahu New Energy to form a majority-owned battery energy storage joint venture. \* Planned Hong Kong venture valued at USD 3.5 million; Highway to contribute USD 2 million cash for a 57% stake. \* Huahu to contribute USD 1.5 million of products and technology for 43%; venture to hold exclusive SKD rights in Germany, Italy, the U.S. \* LOI includes potential issuance of up to 400,000 restricted shares tied to milestones; additional incentives capped at 500,000 shares. \* Parties target definitive agreements within about one month; closing subject to due diligence, approvals, financing, customary conditions. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-081462), on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**