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An update from Dragon Rise Group Holdings Ltd. ( (HK:6829) ) is now available.
Dragon Rise Group Holdings Ltd. announced a strategic cooperation framework agreement with an automotive trader, a mobile energy solutions provider, and a digital energy service provider to develop new energy infrastructure in Hong Kong. This collaboration aims to establish a comprehensive battery-swapping network and promote electrification in transportation, aligning with government initiatives for sustainable transportation. The agreement is expected to enhance the company’s revenue diversification and profitability while laying the foundation for regional expansion and strengthening sustainability efforts.
More about Dragon Rise Group Holdings Ltd.
Dragon Rise Group Holdings Ltd. operates in the new energy sector, focusing on the development of energy replenishment infrastructure and electrification in transportation. Its primary services include the localization of battery-swapping businesses and the promotion of new energy vehicles, with a market focus on Hong Kong and potential expansion into Southeast Asia.
Average Trading Volume: 319,491
Technical Sentiment Signal: Buy
Current Market Cap: HK$501.1M
See more insights into 6829 stock on TipRanks’ Stock Analysis page.