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Highway Holdings

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uuid0024pgi

Namestring
Highway Holdings
Legal namestring
Highway Holdings Limited
Company typeenum
Public
Founded yearint
1990
Descriptiontext

Highway Holdings is a manufacturing company. They offer stamping parts, plastic components, and electronic assemblies. Their manufacturing services include office machines, white goods, home appliances, lighting products, stepping motors, LED lights, and electronic circuits.

Short descriptiontext

Highway Holdings is an OEM manufacturer of various components, subassemblies and products.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersHong Kong, Hong Kong SAR China
HQ citystring
Hong Kong
HQ countrystring
Hong Kong SAR China
HQ regionstring
Asia
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
contract manufacturing services, precision metal stamping, injection molding parts, brushless motor manufacturing, OEM ODM manufacturing
Industry1 code
1Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements)
CodeIMACAFALPrimaryYes
NAICS code1 code
  • Motor Vehicle Parts Manufacturing3363
SIC code1 code
  • Special Industry Machinery, Nec3559
Product category
Contract Manufacturing (OEM/ODM)
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1OEM/ODM Manufacturing Services
TypeOne Time License
Description

Contract manufacturing services for precision metal stamping parts, injection molding components, brushless motors, and assembly services. Revenue generated through long-term partnerships with blue-chip equipment manufacturers, serving automotive, aerospace, industrial, and consumer electronics sectors.

highwayholdings.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details1 tier
1Custom quote-based pricing
ModelOtherBilling cadenceMulti-year contract
Notes

B2B manufacturing services with pricing based on customer specifications, order volume, and complexity. No standard pricing tiers publicly available.

highwayholdings.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Highway Holdings is an OEM/ODM manufacturer of precision components, subassemblies, and complete products, including metal stamping parts, injection molded components, brushless motors, automation equipment, and CO2-based cleaning systems. Manufacturing is split across automated high-volume facilities in China, manual assembly in Myanmar, and precision sheet metal production in Germany (via 51%-owned Regent-Feinbau). The company serves blue-chip equipment manufacturers primarily based in Germany, addressing automotive, aerospace, industrial, and consumer electronics demand.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Established in 1990, listed on Nasdaq since 1996 under trading symbol HIHO
+1 more record
Product overview1 text field

Highway Holdings is an international OEM/ODM manufacturing company offering fully integrated manual and automatic manufacturing solutions. The company operates a multi-product portfolio including metal stamping parts, injection molding, brushless motor manufacturing, automation equipment, assembly services, and cleaning equipment. Manufacturing operations are distributed across China (automated high-volume production), Myanmar (manual/cost-effective assembly), and Germany (via acquired Regent-Feinbau for precision sheet metal components for automotive and aerospace sectors). The company serves blue-chip equipment manufacturers primarily based in Germany.

Product and service6 records
1Stamping Parts
CategoryPrecision Metal Stamping
Description

High-precision metal stamping parts manufactured in-house using progressive stamping tools, enabling efficient high-speed production with consistent quality and durability for blue-chip equipment manufacturers in laser printers, photocopiers, friction hinges, vacuum cleaner impellers, and electronic ballasts.

2Injection Molding
CategoryPlastic Injection Molding
Description

Precision plastic injection molding including insert molding and overmolding, producing durable multi-material components for LED power supplies, crankshaft casings, plastic gears, water pumps, and toner supply screws.

3Brushless Motor Manufacturing
CategoryElectric Motor Manufacturing
Description

Manufacture of Brushless DC (BLDC) motors and AC synchronous motors designed for high efficiency, longevity, low-noise operation, and compact design for industrial automation and consumer electronics applications.

4Automations
CategoryIndustrial Automation Equipment
Description

In-house designed and manufactured automation equipment for automated production and assembly, featuring Industry 4.0 integration with real-time data analysis, predictive maintenance, and process optimization capabilities.

5Assembly Services
CategoryContract Assembly Services
Description

Cost-effective assembly services combining automated manufacturing in China facilities with manual assembly in Myanmar, providing flexible production for both low-volume and high-volume requirements, including electromechanical assemblies such as control switches, crank drive assemblies, electromagnetic coils, and spring-loaded hinges.

6Cleaning Equipment
CategoryIndustrial Cleaning Equipment
Description

Eco-friendly CO2 cleaning technology including dry ice blasting systems and liquid CO2 cleaning systems, providing non-abrasive, residue-free cleaning for automotive, aerospace, and food industries.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
1Guangdong Huahu New Energy Technology Co., Ltd.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-07-22
Description

Joint venture for battery energy storage systems with Highway Holdings taking 57% ownership and Huahu holding 43%. Initial contributions of US$3.5 million with Highway contributing US$2 million cash and Huahu contributing products and technology worth approximately US$1.5 million. Venture to be incorporated in Hong Kong targeting markets in Europe, United States, and South America with exclusive SKD manufacturing and distribution rights for Germany, Italy, United States, and certain South American markets.

en.prnasia.com
2Regent-Feinbau Adermann GmbH
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-28
Description

51% acquisition completed for €662,000 (€612,000 cash plus €50,000 shares). Precision sheet metal manufacturer founded in 1949, serving automotive, aerospace, and industrial sectors. Positioned as Tier 1 supplier to leading German car manufacturers including AMG Mercedes Benz and direct supplier to major European aircraft manufacturer. Average annual sales of approximately US$2.7 million with profitability over past three years.

prnewswire.com
3Chinese Partner (Electric Vehicle Kit Assembly)
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership with Chinese partner to pivot Myanmar operations toward electric vehicle kit assembly as part of diversification strategy away from traditional OEM manufacturing.

prnewswire.com
Recent move12 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers8 records
1SigmaTron International
TypeDirect peer
Description

Small-cap US-listed EMS/contract manufacturer offering PCB assembly, box build, and plastic/metal component manufacturing for OEMs — closely comparable in scale and customer mix to Highway Holdings' precision contract manufacturing model.

2Kimball International
TypeDirect peer
Description

Diversified manufacturing services company providing metal forming, assembly, and contract manufacturing for OEMs across industrial, automotive, and electronics end markets — directly comparable to Highway Holdings' integrated OEM services.

3Fabrinet
TypeDirect peer
Description

Precision optical, electro-mechanical, and mechanical contract manufacturer serving complex OEM customers in communications, automotive, aerospace, and medical — comparable in precision manufacturing focus and complex subassembly work.

4Benchmark Electronics
TypeDirect peer
Description

Global contract manufacturer providing engineering, assembly, and precision manufacturing services to OEM customers in aerospace, defense, industrial, and medical — comparable in OEM contract manufacturing services.

5Flex Ltd
TypeBroad incumbent
Description

One of the world's largest contract manufacturers offering design, manufacturing, and supply chain services across multiple industries including automotive and industrial — relevant as a broad incumbent offering the same OEM services at much larger scale.

6Sanmina
TypeBroad incumbent
Description

Global EMS and ODM company providing integrated manufacturing solutions to OEMs in aerospace, automotive, industrial, and medical — broader incumbent peer with overlapping capabilities in precision contract manufacturing.

7Jabil
TypeBroad incumbent
Description

Large-scale global contract manufacturer serving automotive, industrial, and consumer electronics OEMs — broad incumbent providing design, engineering, and manufacturing services comparable to Highway's OEM/ODM model.

8Foxconn (Hon Hai Precision)
TypeBroad incumbent
Description

World's largest contract manufacturer with extensive OEM/ODM capabilities across consumer electronics, automotive, and industrial — relevant broad incumbent showcasing the scale ceiling for OEM contract manufacturing.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries7 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Highway Holdings

Contract Manufacturing (OEM/ODM)highwayholdings.com

Highway Holdings is an OEM manufacturer of various components, subassemblies and products.

What Highway Holdings does

Highway Holdings is a manufacturing company. They offer stamping parts, plastic components, and electronic assemblies. Their manufacturing services include office machines, white goods, home appliances, lighting products, stepping motors, LED lights, and electronic circuits.

Highway Holdings firmographics

Firmographics
Name
Highway Holdings
Legal name
Highway Holdings Limited
Website
http://www.highwayholdings.com/
Company type
Public
Founded year
1990
Operating status
Operating
Headcount range
101–250 employees
Short description
Highway Holdings is an OEM manufacturer of various components, subassemblies and products.
Ownership category
akta.pro rank

Highway Holdings industry classification

Industry
Product category
Contract Manufacturing (OEM/ODM)
NAICS
Motor Vehicle Parts Manufacturing (3363)
SIC
Special Industry Machinery, Nec (3559)
akta.pro primary industry
Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements) (IMACAFAL)

Keywords

  • Contract manufacturing services
  • Precision metal stamping
  • Injection molding parts
  • Brushless motor manufacturing
  • OEM ODM manufacturing

Where Highway Holdings is headquartered

Location

Headquarters

HQ city
Hong Kong
HQ country
Hong Kong SAR China
HQ region
Asia

Offices4 records

Markets served

Highway Holdings business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. OEM/ODM Manufacturing Services: Contract manufacturing services for precision metal stamping parts, injection molding components, brushless motors, and assembly services. Revenue generated through long-term partnerships with blue-chip equipment manufacturers, serving automotive, aerospace, industrial, and consumer electronics sectors.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractCustom quote-based pricing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Highway Holdings product offering

Product offering

Core offering

Highway Holdings is an OEM/ODM manufacturer of precision components, subassemblies, and complete products, including metal stamping parts, injection molded components, brushless motors, automation equipment, and CO2-based cleaning systems. Manufacturing is split across automated high-volume facilities in China, manual assembly in Myanmar, and precision sheet metal production in Germany (via 51%-owned Regent-Feinbau). The company serves blue-chip equipment manufacturers primarily based in Germany, addressing automotive, aerospace, industrial, and consumer electronics demand.

Product overview

Highway Holdings is an international OEM/ODM manufacturing company offering fully integrated manual and automatic manufacturing solutions. The company operates a multi-product portfolio including metal stamping parts, injection molding, brushless motor manufacturing, automation equipment, assembly services, and cleaning equipment. Manufacturing operations are distributed across China (automated high-volume production), Myanmar (manual/cost-effective assembly), and Germany (via acquired Regent-Feinbau for precision sheet metal components for automotive and aerospace sectors). The company serves blue-chip equipment manufacturers primarily based in Germany.

Differentiator

Problem solved

Functional benefit

Products and services

  • Stamping Parts High-precision metal stamping parts manufactured in-house using progressive stamping tools, enabling efficient high-speed production with consistent quality and durability for blue-chip equipment manufacturers in laser printers, photocopiers, friction hinges, vacuum cleaner impellers, and electronic ballasts.
  • Injection Molding Precision plastic injection molding including insert molding and overmolding, producing durable multi-material components for LED power supplies, crankshaft casings, plastic gears, water pumps, and toner supply screws.
  • Brushless Motor Manufacturing Manufacture of Brushless DC (BLDC) motors and AC synchronous motors designed for high efficiency, longevity, low-noise operation, and compact design for industrial automation and consumer electronics applications.
  • Automations In-house designed and manufactured automation equipment for automated production and assembly, featuring Industry 4.0 integration with real-time data analysis, predictive maintenance, and process optimization capabilities.
  • Assembly Services Cost-effective assembly services combining automated manufacturing in China facilities with manual assembly in Myanmar, providing flexible production for both low-volume and high-volume requirements, including electromechanical assemblies such as control switches, crank drive assemblies, electromagnetic coils, and spring-loaded hinges.
  • Cleaning Equipment Eco-friendly CO2 cleaning technology including dry ice blasting systems and liquid CO2 cleaning systems, providing non-abrasive, residue-free cleaning for automotive, aerospace, and food industries.

Quantifiable outcome

  • Established in 1990, listed on Nasdaq since 1996 under trading symbol HIHO
  • +1 more outcomes

Companies that use Highway Holdings

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Highway Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Highway Holdings partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • Guangdong Huahu New Energy Technology Co., Ltd.coreStrategic or Co-development Partner · 22 July 2026Joint venture for battery energy storage systems with Highway Holdings taking 57% ownership and Huahu holding 43%. Initial contributions of US$3.5 million with Highway contributing US$2 million cash and Huahu contributing products and technology worth approximately US$1.5 million. Venture to be incorporated in Hong Kong targeting markets in Europe, United States, and South America with exclusive SKD manufacturing and distribution rights for Germany, Italy, United States, and certain South American markets.
  • Regent-Feinbau Adermann GmbHcoreStrategic or Co-development Partner · 28 February 202651% acquisition completed for €662,000 (€612,000 cash plus €50,000 shares). Precision sheet metal manufacturer founded in 1949, serving automotive, aerospace, and industrial sectors. Positioned as Tier 1 supplier to leading German car manufacturers including AMG Mercedes Benz and direct supplier to major European aircraft manufacturer. Average annual sales of approximately US$2.7 million with profitability over past three years.
  • Chinese Partner (Electric Vehicle Kit Assembly)minorStrategic or Co-development PartnerPartnership with Chinese partner to pivot Myanmar operations toward electric vehicle kit assembly as part of diversification strategy away from traditional OEM manufacturing.

Scale indicators4 records

Recent moves12 records

Expansion highlights5 records

Highway Holdings competitors and assessment

Company assessment

Direct peers

  • SigmaTron International: Small-cap US-listed EMS/contract manufacturer offering PCB assembly, box build, and plastic/metal component manufacturing for OEMs — closely comparable in scale and customer mix to Highway Holdings' precision contract manufacturing model.
  • Kimball International: Diversified manufacturing services company providing metal forming, assembly, and contract manufacturing for OEMs across industrial, automotive, and electronics end markets — directly comparable to Highway Holdings' integrated OEM services.
  • Fabrinet: Precision optical, electro-mechanical, and mechanical contract manufacturer serving complex OEM customers in communications, automotive, aerospace, and medical — comparable in precision manufacturing focus and complex subassembly work.
  • Benchmark Electronics: Global contract manufacturer providing engineering, assembly, and precision manufacturing services to OEM customers in aerospace, defense, industrial, and medical — comparable in OEM contract manufacturing services.

Broad incumbents

  • Flex Ltd: One of the world's largest contract manufacturers offering design, manufacturing, and supply chain services across multiple industries including automotive and industrial — relevant as a broad incumbent offering the same OEM services at much larger scale.
  • Sanmina: Global EMS and ODM company providing integrated manufacturing solutions to OEMs in aerospace, automotive, industrial, and medical — broader incumbent peer with overlapping capabilities in precision contract manufacturing.
  • Jabil: Large-scale global contract manufacturer serving automotive, industrial, and consumer electronics OEMs — broad incumbent providing design, engineering, and manufacturing services comparable to Highway's OEM/ODM model.
  • Foxconn (Hon Hai Precision): World's largest contract manufacturer with extensive OEM/ODM capabilities across consumer electronics, automotive, and industrial — relevant broad incumbent showcasing the scale ceiling for OEM contract manufacturing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Highway Holdings social profiles

Digital presence

Highway Holdings compliance and trust

Trust signal

Compliance3 records

Highway Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Highway Holdings leadership team

Management profile

Number of profiles

Profiles1 record

Highway Holdings subsidiaries and ownership

Company hierarchy

Subsidiaries7 records

Highway Holdings funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Highway Holdings M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Highway Holdings

What does Highway Holdings do?

Highway Holdings is an OEM/ODM manufacturer of precision components, subassemblies, and complete products, including metal stamping parts, injection molded components, brushless motors, automation equipment, and CO2-based cleaning systems. Manufacturing is split across automated high-volume facilities in China, manual assembly in Myanmar, and precision sheet metal production in Germany (via 51%-owned Regent-Feinbau). The company serves blue-chip equipment manufacturers primarily based in Germany, addressing automotive, aerospace, industrial, and consumer electronics demand.

Is Highway Holdings a public or private company?

Highway Holdings is a public company. It is classified as public and is currently operating.

When was Highway Holdings founded?

Highway Holdings was founded in 1990. It employs 101 to 250 people.

Where is Highway Holdings based?

Highway Holdings is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.

How does Highway Holdings make money?

One revenue line is on record: OEM/ODM Manufacturing Services.

Who are Highway Holdings's main competitors?

Direct peers on record are SigmaTron International, Kimball International, Fabrinet and Benchmark Electronics. Broad incumbents are Flex Ltd, Sanmina, Jabil and Foxconn (Hon Hai Precision).

Does Highway Holdings have an API?

No public API is recorded for Highway Holdings.

What industry is Highway Holdings in?

Highway Holdings's product category is Contract Manufacturing (OEM/ODM). Its primary akta.pro industry code is IMACAFAL, Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements). Its NAICS code is 3363 and its SIC code is 3559.

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Contact sales
Live signals
Ticker ReportHighway Holdings Limited (NASDAQ:HIHO) Shares Shorted: Short Interest Down 88.8% in SeptemberShort interest in Highway Holdings fell 88.8% to 113 shares as of September 30th. The company paid a $0.05 special dividend on September 22nd, and analysts rate the stock a Sell. The firm reported Q2 EPS of $0.02 with revenue of $2.00 million.Markets DailyHighway Holdings Limited (NASDAQ:HIHO) Short Interest UpdateShort interest in Highway Holdings fell 94.4% to 1,013 shares as of September 15th, with 0% of the stock short sold. Weiss Ratings upgraded the stock to a sell (d) rating, and shares traded down 0.5% to $0.93. The company reported Q2 EPS of $0.02 and revenue of $2.00 million.Seeking AlphaHighway Holdings granted second 180-day Nasdaq extension to meet $1.00 minimum bid requirement (HIHO:NASDAQ)Nasdaq granted Highway Holdings a second 180-day extension to regain compliance with its minimum bid price requirement. The extension runs from September 15, 2026 through March 15, 2027, with shares trading under "HIHO." The company must achieve a closing bid price of at least $1.00 per share for ten consecutive business days by March 15, 2027.Stock TitanHighway Holdings Gets Second 180-Day Nasdaq ExtensionHighway Holdings received a second 180-day Nasdaq extension through March 15, 2027, to regain compliance with the minimum US$1.00 bid price requirement. The company must achieve a closing bid price of at least $1.00 for ten consecutive business days by that date, and may effect a reverse stock split if needed.Markets DailyHighway Holdings Limited (NASDAQ:HIHO) Sees Large Decrease in Short InterestHighway Holdings Limited (NASDAQ:HIHO) saw short interest fall 90.8% to 13,346 shares as of August 14, down from 144,772 on July 30, with about 0.4% of shares short sold. The SPAC stock closed at $0.90, and the company recently announced a $0.05 special dividend payable September 22 to shareholders of record August 10.Investing.comHighway Holdings forms energy storage joint venture with Huahu By Investing.comHighway Holdings Limited has signed a master agreement to form a 57%-owned joint venture with Guangdong Huahu New Energy Technology Co., Ltd., creating Huahu International New Energy Technology Company Limited, with initial contributions of approximately $3.5 million split between $2.0 million in cash from Highway and $1.5 million in products and technology from Huahu. The venture will manufacture and distribute Wowtiger-branded energy storage products in Germany, Italy, the United States, and designated South American markets through a semi-knocked-down kit manufacturing model. Highway Holdings evaluated over 20 potential acquisitions and partnerships before selecting this opportunity, with the transaction following a letter of intent signed on July 22, 2026.YahooHighway Holdings Ltd's Dividend AnalysisHighway Holdings Ltd (NASDAQ:HIHO) has announced a dividend of $0.05 per share with an ex-dividend date of August 10, 2026 and a payable date of September 22, 2026. The company's 12-month trailing dividend yield stands at 4.59% while the forward yield is projected at 18.35%, though this significant gap raises sustainability questions for value investors. Highway Holdings Ltd operates as an OEM manufacturer producing metal, plastic, and electronic components, with Europe serving as its primary revenue source.Third NewsHighway Holdings Partners with Huahu to Launch Energy Storage Joint VentureHighway Holdings Limited has signed a master agreement with Guangdong Huahu New Energy Technology Co., Ltd. to establish a joint venture, Huahu International New Energy Technology Company Limited, focused on energy storage products under the Wowtiger brand. Highway Holdings will hold a 57% stake in the venture, with a combined financial commitment of approximately $3.5 million. The joint venture will target markets in Germany, Italy, the United States, and selected South American territories, leveraging Huahu's technology and Highway Holdings' manufacturing capabilities to tap into the rapidly expanding battery energy storage sector projected to exceed $198 billion globally.Laotian TimesHIGHWAY HOLDINGS SIGNS MASTER AGREEMENT FOR FORMATION OF MAJORITY-OWNED ENERGY STORAGE JOINT VENTURE WITH WOWTIGER BRAND OWNER HUAHUHighway Holdings Limited signed a master agreement with Guangdong Huahu New Energy Technology Co., Ltd. to form a majority-owned joint venture called Huahu International New Energy Technology Company Limited, with Highway Holdings holding 57% and Huahu holding 43%. The joint venture will combine Huahu's Wowtiger-branded battery energy storage products and technology with Highway Holdings' global manufacturing capabilities to market and distribute products in Germany, Italy, the United States and designated South American markets. Initial contributions total approximately $3.5 million, with the transaction expected to increase factory utilization and diversify Highway Holdings beyond its traditional OEM business.PR Newswire APACHIGHWAY HOLDINGS SIGNS MASTER AGREEMENT FOR FORMATION OF MAJORITY-OWNED ENERGY STORAGE JOINT VENTURE WITH WOWTIGER BRAND OWNER HUAHUHighway Holdings Limited signed a master agreement to form a majority-owned joint venture with Guangdong Huahu New Energy Technology Co., Ltd., creating Huahu International New Energy Technology Company Limited, a Hong Kong-based entity in which Highway Holdings will hold 57% and Huahu 43%. The joint venture will market Wowtiger-branded battery energy storage products in Germany, Italy, the United States and designated South American markets, combining Huahu's products and technology with Highway Holdings' global manufacturing capabilities and European presence. The transaction includes approximately $3.5 million in initial contributions from both parties and is expected to increase utilization of Highway Holdings' existing manufacturing operations while diversifying the company beyond its traditional OEM business.