Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Tesson Holdings Ltd. ( (HK:1201) ) is now available.
Tesson Holdings has signed a non-binding memorandum of understanding between its subsidiary Tesson Sino Express Intelligence Power and China-based DST Sustainable Technology to explore forming a joint venture in Hong Kong. The planned JV would develop a new energy charging and battery swapping service network, including photovoltaic storage charging systems and after-sales support for motive batteries, initially targeting the rollout of 10 integrated battery swapping stations.
Under the proposed arrangement, Tesson Sino would contribute land resources while DST would provide technical support and its extensive after-sales service network built around electric logistics vehicles and charging infrastructure in mainland China. Management expects the cooperation, if it proceeds to definitive agreements, to accelerate deployment of charging facilities, deepen the group’s capabilities in its newly launched charging station business, and strengthen its competitive position in the EV energy infrastructure sector, though the project may not ultimately materialise.
More about Tesson Holdings Ltd.
Tesson Holdings Limited is a Bermuda-incorporated company listed in Hong Kong that manufactures and sells lithium-ion motive batteries and related products. The group has recently expanded into operating electric vehicle charging networks and stations, targeting the growing new energy and EV infrastructure markets in Hong Kong and potentially overseas.
Average Trading Volume: 480,779
Technical Sentiment Signal: Buy
Current Market Cap: HK$780M
See more data about 1201 stock on TipRanks’ Stock Analysis page.