Chaowei Power Holdings (HK:0951) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Chaowei Power Holdings has renewed its Battery Production Equipment Purchase Agreement with Zhejiang Doulan for another three years, starting January 2025. This agreement, worth over HK$3 million annually, involves purchasing advanced battery manufacturing equipment and is considered a standard commercial transaction. The renewal reflects Chaowei’s ongoing commitment to expanding its production capabilities.
For further insights into HK:0951 stock, check out TipRanks’ Stock Analysis page.